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Laramide to Abandon Kazakhstan Greenfield Uranium Effort Due to Newly Enacted Government Policy Changes
TMX Newsfile· 2026-01-20 12:30
Core Viewpoint - Laramide Resources Ltd. has decided to terminate its Option Agreement for the Chu-Sarysu Basin uranium Project in Kazakhstan due to significant legislative changes that have diminished the economic viability of foreign investment in uranium exploration in the country [2][6][8]. Company Summary - The Option Agreement, signed in September 2024, provided Laramide with access to 22 Subsoil Use licenses in the Chu-Sarysu Basin, a region recognized for its potential in uranium and other critical minerals [3][8]. - In 2025, Laramide conducted a historical data review and ground reconnaissance, identifying potential drill targets for uranium mineralization, but faced delays in obtaining necessary drilling permits, preventing any drilling from occurring in Q4 2025 [4][8]. - Legislative changes signed into law on December 26, 2025, increased the minimum ownership of newly discovered uranium resources by Kazatomprom, effectively reducing the attractiveness of new uranium discoveries for foreign companies [5][6][8]. Industry Summary - The recent amendments to Kazakhstan's Subsoil Use legislation are seen as a move towards nationalization of uranium exploration, which could deter foreign investment and exploration efforts in the country [6][9]. - Kazatomprom, the national uranium company, is facing a significant resource renewal challenge, with projections indicating a rapid decline in their resource base, potentially exhausting their reserves by 2057 [9][13]. - The uranium sector is perceived to be under-invested in greenfield exploration, which may necessitate higher uranium prices to incentivize reserve replacement and address the growing supply deficit [13].
Bedford Metals Completes 2025 Exploration Program At Sheppard Lake Uranium Project
Thenewswire· 2026-01-19 13:00
Core Insights - Bedford Metals Corp. has completed its Phase 3 Exploration program at the Sheppard Lake Uranium Project, with drilling set to resume in spring 2026 [1] - The exploration program included radiometric surveys and grab sampling, identifying several anomalous zones [2][3] - The company emphasizes environmentally responsible exploration and collaboration with local indigenous communities [7] Exploration Program Details - The field program involved 3 radiometric surveys at targeted locations, resulting in 3,644 readings that delineated anomalous zones, particularly at TZ-2 west and TZ-1 [2] - A total of 18 grab samples were collected, with CPS readings reaching up to 10,609 in the Silica Cap Zone [3] - The drilling faced challenges due to cold weather, resulting in only 298.5 meters drilled, with two holes testing the area south of TZ-2 [5] Sample Analysis - A total of 92 samples, including grab samples and drill core, were sent to the SRC Geoanalytical Laboratory for multi-element, U3O8, and boron assays [6]
Standard Uranium advances Corvo project with first drilling in 40 years - ICYMI
Proactiveinvestors NA· 2026-01-17 20:04
Core Viewpoint - Standard Uranium Ltd is initiating its first drill program at the Corvo Project in Saskatchewan, targeting high-grade uranium deposits after over 40 years of inactivity on the site [1][3]. Drilling Program Details - The inaugural drill campaign will cover a 3,000-metre program involving 8 to 10 drill holes, focusing on both historical targets and new zones identified through modern geophysics [2]. - The program aims to keep costs low, with projected expenses of approximately $1.5 million, utilizing a winter skid approach for efficiency [4]. Project Background - The Corvo Project is being explored in partnership with Aventis Energy, marking a significant return to drilling activities after four decades [3]. - A large-scale ground gravity survey has been completed, covering over 5,000 stations along 29 km of conductive strike, to refine drill targets [3][8]. Historical Context and Targets - The project aims to find deposits similar to Eagle Point and Rabbit Lake, with a priority target being the Manhattan showing, which has reported surface uranium grades of up to 8.1% and has never been drilled before [6][7]. - Historical drilling from 1978 and 1979 will also be revisited, focusing on mineralization from those earlier efforts [7][9]. Modern Exploration Techniques - The company has upgraded its geophysical methods over the past year and a half, including new electromagnetic and magnetic surveys, to enhance the accuracy of drill target identification [8]. - The current drilling strategy is informed by modern exploration techniques that were not available during the previous drilling campaigns [8].
CanAlaska Plans Significant Exploration Programs on Multiple Projects Across 500,000 Hectare Portfolio
TMX Newsfile· 2026-01-15 12:30
Core Viewpoint - CanAlaska Uranium Ltd. is set to initiate winter drill programs in 2026 for its Key Extension and Nebula projects, focusing on high-priority exploration targets identified through recent airborne geophysical surveys [1][3][15] Exploration Plans - The company plans to start drill programs in Q1 2026 on the Key Extension and Nebula uranium projects, located 15 km and 30 km south of the Key Lake Mine and Mill [3][4] - A $15 million exploration program is also underway for the West McArthur Project, with the company fully funded for its exploration activities in 2026 [1][16] Target Areas - The Key Extension project has identified three priority target areas over ten kilometers of largely untested conductive corridor, with one area located up-ice from the historically reported radioactive Orchid Lake boulder field [8] - The Nebula project has two priority target areas, featuring over 13 km of untested target conductor corridor similar to Cameco's Eagle Point Mine [8] Geophysical Surveys - The company has conducted high-resolution helicopter-borne radiometrics and magnetics surveys over most of its land portfolio to identify and prioritize basement conductors and refine areas of interest for future drilling [4][10] - Ground-based electromagnetic surveys are planned for the Waterbury South and Cree East projects to generate targets for future drilling [10][11] Joint Ventures and Collaborations - The Moon Lake South project, a joint venture with Denison Mines Corp., will undergo a geophysical exploration program in 2026 to map untested conductive corridors [13] - The West McArthur project is a joint venture with Cameco Corporation, focusing on expanding high-grade uranium mineralization [16] Company Overview - CanAlaska Uranium Ltd. is a leading uranium explorer in the Athabasca Basin, with a portfolio of approximately 500,000 hectares and a focus on both basement and unconformity uranium deposit potential [21]
Future Fuels Completes Gravity Survey At Hornby; Multiple Priority Anomalies Identified; Marketing Update
Accessnewswire· 2026-01-14 23:45
Core Insights - Future Fuels Inc. has announced the successful completion of a 2025 ground gravity survey at its Hornby Basin Uranium Project, which is the most detailed gravity dataset ever acquired in the region [1][2] - The survey identified several high-priority gravity anomalies associated with structural corridors and known uranium mineralization, enhancing the understanding of subsurface density architecture [2][10] Survey Details - The gravity survey was conducted by EarthEx Geophysical Solutions Inc. and involved advanced techniques, including the use of multiple Scintrex CG-5 gravimeters and a dual-frequency Emlid Reach RS2/RS2+ RTK GNSS system [4] - The program more than doubled the size of the historical IsoEnergy gravity dataset, merging new data with datasets from previous years [3][4] Findings and Implications - The survey revealed a pronounced northeast-southwest trending gravity fabric, with significant anomalies identified in the central structural block, particularly around the Mountain Lake area [6][8] - Notably, a strong positive gravity anomaly was detected over the known uranium system, suggesting a measurable density signature at depth, validating gravity as an effective exploration tool [8][10] Future Plans - EarthEx has recommended several next steps, including high-resolution 3D inversion of the gravity dataset and advanced modeling to refine exploration targets [9] - Future Fuels is evaluating these recommendations as part of its 2026 exploration planning, which includes a proposed 10,000-meter drill program and additional geophysical work [9][10] Marketing Update - Future Fuels has entered into a 60-day marketing services agreement with MCS Market Communication Service GmbH to enhance visibility in European and North American markets, with a total budget of 155,000 euros [11][12]
Cosa Appoints Justin Rodko as VP Corporate Development and Issues Shares to Denison
TMX Newsfile· 2026-01-14 13:00
Core Viewpoint - Cosa Resources Corp. has promoted Justin Rodko to Vice President of Corporate Development and issued common shares to Denison Mines Corp. as part of an acquisition agreement [1][4] Group 1: Management Changes - Justin Rodko, a Professional Geoscientist with over a decade of experience in uranium exploration, has been appointed as Vice President of Corporate Development [2] - Rodko previously held a senior role at IsoEnergy, contributing to the discovery of the Hurricane deposit, for which he received the AME 2022 Colin Spence Award [2][3] Group 2: Share Issuance and Financial Details - Cosa has issued 1,960,000 common shares to Denison at a deemed price of $0.3891 per share, as part of the deferred consideration under the acquisition agreement [4] - After this issuance, approximately C$1,487,364 remains payable to Denison, to be satisfied through future share issuances [4] Group 3: Denison's Stake in Cosa - Following the issuance of shares, Denison's ownership in Cosa increased from 16.85% to 18.26% of the issued and outstanding shares [5] - Denison intends to continuously review its investment in Cosa and may acquire or dispose of additional securities as circumstances dictate [5] Group 4: Company Overview and Strategic Focus - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin [7] - The company is focused on drilling at the Darby and Murphy Lake North projects in 2026, which are joint ventures with Denison [10]
Skyharbour Intersects High-Grade Uranium in Drill Hole ML25-15 at the Maverick Main Zone Returning 11.77% U3O8 over 1.6 metres within 4.4 metres of 4.84% U3O8 and Identifies a New Prospective Regional Target Area called Nomad at the Moore Project
Globenewswire· 2026-01-14 12:00
Core Insights - Skyharbour Resources Ltd. has reported significant results from its 2025 drilling campaign at the Moore Uranium Project, highlighting high-grade uranium mineralization and the discovery of a new target area called the Nomad Zone [1][3][20] Drilling Results - A total of 21 drill holes were completed, totaling 7,884 metres, with notable intersections including hole ML25-15 at the Main Maverick Zone returning 4.84% U3O8 over 4.4 metres, including a higher grade of 11.77% U3O8 over 1.6 metres [1][5][7] - The Nomad Zone, located approximately 1.7 kilometres southwest of the Main Maverick Zone, showed extensive sandstone and basement faulting with intense hydrothermal alteration, indicating a fertile environment for further uranium discoveries [1][10][21] Future Plans - The company is preparing for a winter drill program to commence shortly, planning to drill an additional 8,000 to 10,000 metres in 15 to 25 drill holes throughout 2026 [2][26][27] - The upcoming drilling will focus on expanding the Maverick zones and further exploring the Nomad and Esker target areas [26][27] Project Overview - The Moore Uranium Project spans 35,705 hectares and is strategically located near other significant uranium projects in the Athabasca Basin, including Denison Mines' Wheeler River project and Cameco's McArthur River mine [28][33] - Historical drill highlights at the Moore Project include results of up to 6.0% U3O8 over 5.9 metres, showcasing the project's potential for high-grade uranium mineralization [28][33]
Skyharbour Intersects High-Grade Uranium in Drill Hole ML25-15 at the Maverick Main Zone Returning 11.77% U3O8 over 1.6 metres within 4.4 metres of 4.84% U3O8 and Identifies a New Prospective Regional Target Area called Nomad at the Moore Project
Globenewswire· 2026-01-14 12:00
Core Insights - Skyharbour Resources Ltd. has reported significant results from its 2025 drilling campaign at the Moore Uranium Project, highlighting high-grade uranium mineralization and the discovery of a new target area called the Nomad Zone [1][3][20] Drilling Results - A total of 21 drill holes were completed, totaling 7,884 metres, with notable intersections including hole ML25-15 at the Main Maverick Zone, which returned 4.84% U3O8 over 4.4 metres, including a higher grade of 11.77% U3O8 over 1.6 metres [1][5][8] - The Nomad Zone, located approximately 1.7 kilometres southwest of the Main Maverick Zone, showed extensive sandstone and basement faulting with intense hydrothermal alteration, indicating a fertile environment for further uranium discoveries [1][21] Future Plans - The company is preparing for a winter drill program to commence shortly, planning to drill an additional 8,000 to 10,000 metres in 15 to 25 drill holes throughout 2026 [2][26] - The upcoming drilling will focus on expanding the Maverick zones and further exploring the Nomad Zone, with additional geophysical surveys currently underway [27][26] Project Overview - The Moore Uranium Project spans 35,705 hectares and is strategically located near other significant uranium projects in the Athabasca Basin, including Denison Mines' Wheeler River project and Cameco's McArthur River mine [28][33] - Historical drill highlights from the project include results of up to 6.0% U3O8 over 5.9 metres, showcasing the project's potential for high-grade uranium mineralization [28][33] Exploration Strategy - Skyharbour's exploration strategy includes a multi-phased drilling approach, with a focus on both the Maverick and Nomad zones, as well as the Esker target area, which has shown promising geological indicators [26][27] - The company aims to maximize shareholder value through new mineral discoveries and partnerships, leveraging its extensive portfolio of uranium exploration projects [33][35]
Generation Uranium Signs new agreement on the Yath Extension project.
Thenewswire· 2026-01-13 14:00
Core Viewpoint - Generation Uranium Inc. has signed an agreement to acquire the Yath Extension Property, enhancing its presence in the Angilak Uranium District of Nunavut [1][2]. Acquisition Details - The definitive purchase agreement allows Generation Uranium to acquire 100% ownership of the Yath Extension property, adding 4,123.94 hectares across five claims, bringing the total size of the Yath Project to approximately 18,214.87 hectares [2]. - The agreement reduces share payments by 6 million shares and breaks the share payments into two tranches over two years [2][10]. Geological Highlights - The Yath Extension property is underlain by Archean basement rocks of the Kaminak Group, known for uranium-copper mineralization within quartz-vein stockworks and brecciated zones [3]. - Historical mapping and sampling confirm the presence of narrow, high-grade mineralized shears and fractures [3]. Strategic Significance - This acquisition strengthens Generation's control over key structural corridors in the Yath Basin and aligns with the company's goal to advance high-priority exploration targets within a proven uranium district [6]. - CEO Mihcael Collins emphasized that the acquisition expands the company's core holdings and enhances its strategic position within Nunavut's uranium belt [7]. Historical Data - Historical Trench A averaged 0.82 lb/ton U3O8, with a peak sample returning 0.188% U3O8; Historical Trench B averaged 1.79 lb/ton U3O8, with a peak sample returning 0.52% U3O8 [7]. - A float sample exhibited 10.1% Na2O and 0.26% U, indicating a distinct sodium-rich alteration signature [7]. Transaction Summary - Vendors will receive 14 million common shares of Generation Uranium over two years in equal tranches of 7 million shares, along with a cash payment of $60,000 upon closing [10]. - A 2% Net Smelter Return (NSR) royalty will be granted as part of the transaction [10]. Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project in Nunavut's Angilak district, which is one of Canada's most active emerging uranium camps [11]. - The company has a robust pipeline of high-priority exploration targets and is well-positioned to contribute to the future supply of clean nuclear energy [11].
F3 More Than Doubles Tetra Zone Length to 135m
TMX Newsfile· 2026-01-13 10:00
Core Insights - F3 Uranium Corp has announced significant results from its fall 2025 drill program at the Tetra Zone, extending the mineralized plunge length from 60m to 135m, representing a 125% increase [1] - The drilling program included five diamond drill holes totaling 2,628m, with assays currently being processed and expected to be released soon [1][12] Drilling Results - The fall 2025 program aimed to test the continuity of uranium mineralization in the Tetra Zone shear, confirming continuity on the eastern side with hole PLN25-221 stepping out approximately 28m from PLN25-205 [1] - Notable intersections include PLN25-217, which intersected mineralization over 29.5m, with 27.5m continuous and a peak radioactivity of over 10,000 cps [1][3] Spectrometer Highlights - Handheld spectrometer results indicated significant radioactivity, with intervals showing readings above 300 cps, categorized as "anomalous," and readings exceeding 10,000 cps classified as "highly radioactive" [9][11] - Specific intervals of interest include 2.0m of radioactivity between 333.5m and 335.5m, and 8.5m between 338.0m and 346.5m, with a peak of 4,500 cps [3][4] Project Overview - The Patterson Lake North Project, which includes the Tetra Zone, is strategically located near other high-grade uranium deposits in the Athabasca Basin, positioning it as a potential area for future uranium operations [12][15] - The project encompasses multiple properties, including the Broach Property, where the Tetra Zone is located, approximately 13km south of the JR Zone [12][15]