Uranium Exploration
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Standard Uranium reports strong surface readings at Rocas project - ICYMI
Proactiveinvestors NA· 2025-10-18 12:31
Core Insights - Standard Uranium Ltd has reported early exploration success at the Rocas project in Saskatchewan, marking the first on-the-ground program at the site under an option agreement with Collective Metals [1][4]. Exploration Details - The Rocas project spans 4,000 hectares and is located southwest of the Key Lake Mine and Mill, making it easily accessible via Highway 914 [1][4]. - The primary objective of the exploration was to verify historical uranium showings and gather new geological insights [2][5]. - Initial findings revealed strong radioactivity at the surface, with a peak measurement of approximately 33,000 counts per second, indicating favorable conditions for uranium presence [6]. Future Plans - A diamond drill program is planned for 2026, targeting a 7.5-kilometre strike length that has never been drilled before [7][8]. - The company conducted a ground gravity survey to identify areas of potential alteration from uranium fluids, which will help in pinpointing drilling targets [7][8]. - The drilling program is expected to cover about 2,000 to 3,000 metres and will be funded by Collective Metals while being operated by Standard Uranium [8]. Strategic Approach - The partnership with Collective Metals allows the company to advance its projects while retaining exploration upside and keeping its geological team active [9].
Ross McElroy Steps down from Homeland Board
Newsfile· 2025-10-16 08:00
Group 1 - Ross McElroy has resigned from the Board of Directors of Homeland Uranium Corp. effective October 15, 2025, to focus on his role as CEO of Apollo Silver [1][2] - The company has expanded the Coyote Basin Project by staking 36 new unpatented mining claims, increasing the total to 839 claims covering approximately 18,656 acres (7,450 ha) [3] - The new claims are strategically located to cover gaps between existing boundaries and are projected to be near uranium mineralization identified during previous exploration efforts [3] Group 2 - The drill contractor for the Coyote Basin exploration program has reported a two-week delay in mobilization due to equipment maintenance and crew rest, with drilling expected to commence around November 1st [4] - Homeland Uranium Corp. aims to become a leading US-focused uranium explorer and developer, owning several uranium projects in northwestern Colorado [5]
Belmont Resources Launches Core Relogging Program at Crackingstone Uranium Project
Thenewswire· 2025-10-15 14:25
Core Insights - Belmont Resources Inc. has initiated a comprehensive core relogging and resampling program at its Crackingstone Uranium Project in Saskatchewan, marking a significant advancement in its exploration efforts within the uranium and rare-earth-rich Beaverlodge Domain [1][2] Exploration Program - The relogging and analytical work is being conducted by Axiom Exploration Group Ltd., focusing on the historic 2008 drill campaign which included 20 holes totaling 3,029.4 meters, with 44% of the core recovered for analysis [3][4] - The program aims to obtain detailed geochemical information, refine lithological classification, and evaluate the potential for rare earth element (REE) mineralization, thereby introducing dual-commodity exposure [5][6] Strategic Partnerships - Recent site visits by Belmont management and HMS Bergbau AG representatives, including Consulting Geologist Dr. Thomas Unterweissacher, highlight the strategic input from HMS, a major shareholder, emphasizing European interest in uranium and critical minerals in stable jurisdictions like Canada [7] Project Potential - The Crackingstone property is strategically located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and the potential for significant uranium resources, with historic grab sample grades of up to 15.6% U₃O₈ [9][12] - Belmont has submitted a permit application for a comprehensive drilling program consisting of 40 drill holes totaling 10,000 meters, reflecting confidence in the property's potential [12] Other Projects - Belmont is also exploring the Come By Chance property in British Columbia, which is characterized as a compelling porphyry-CRD system under active exploration [10]
Standard Uranium Announces Closing of LIFE Offering
Newsfile· 2025-10-15 11:30
Core Viewpoint - Standard Uranium Ltd. has successfully closed a financing offering, issuing 25 million flow-through units at a price of $0.10 per unit, aimed at funding exploration projects in Saskatchewan's uranium sector [1][2]. Group 1: Offering Details - The offering consisted of 25,000,000 flow-through units, each unit comprising one common share and one-half of a common share purchase warrant, with the warrant allowing purchase of one common share at $0.15 until October 15, 2027 [1]. - The company paid finders' fees of $150,000 and issued 1,500,000 non-transferable share purchase warrants to parties that assisted in the offering [3]. - A separate offering of up to 16,761,000 additional flow-through units at the same price is ongoing, with gross proceeds expected to reach up to $1,676,100, subject to TSX Venture Exchange approval [4]. Group 2: Company Overview - Standard Uranium is focused on uranium exploration and holds interests in over 235,435 acres (95,277 hectares) in the Athabasca Basin, known for its rich uranium deposits [5]. - The Davidson River Project, covering 30,737 hectares, is considered highly prospective for basement-hosted uranium deposits, although it remains under-tested by drilling [6]. - The eastern Athabasca projects encompass over 43,185 hectares and are also seen as promising for uranium deposits based on historical occurrences and recent geophysical anomalies [7]. - The Sun Dog project, covering 19,603 hectares, is located near significant uranium discoveries but has not been sufficiently drilled [8].
Skyharbour’s Partner North Shore Uranium Completes Prospecting Program at the Falcon Project; Significant Radioactivity Discovered in Outcrops and Boulders
Globenewswire· 2025-10-14 12:00
Core Insights - Skyharbour Resources Ltd. announced that its partner North Shore Uranium has completed a prospecting program at the Falcon Property in Saskatchewan, which may lead to significant uranium discoveries [1][5][20] Summary by Sections Partnership and Financials - North Shore can acquire an initial 80% interest in the Falcon Property by issuing shares valued at CAD $1,225,000, making cash payments of CAD $525,000, and incurring exploration expenditures of CAD $3,550,000 over three years [1][25] - After earning the initial 80% interest, North Shore can acquire the remaining 20% for an additional CAD $5,000,000 in shares and CAD $5,000,000 in cash [25][26] Prospecting Program - The prospecting program was conducted by Axiom Exploration Group, focusing on eighteen priority targets identified by North Shore's technical team [3] - Significant radioactivity was confirmed at targets FA020 (up to 20,000 cps) and FA025 (up to 27,000 cps), with several boulders showing elevated radioactivity [4][5] Target Areas and Findings - Three priority zones (Zones 1, 2, and 3) have been established at Falcon, with a total of 36 uranium targets identified based on electromagnetic conductor anomalies [6][21] - In Zone 1, drill holes P03 and P08 previously discovered uranium mineralization, with notable U3O8 values of 345 and 378 ppm [7] - Zone 2 includes target FA020, where grab samples returned up to 0.492% U3O8 and 1,300 ppm lead [12][21] - Zone 3's target FA025 has a complex EM response and historical samples indicating significant uranium presence [17][19] Future Plans - North Shore plans to integrate data from the prospecting program with EM conductor interpretations to prioritize targets for future drilling [20][23] - The Falcon Project consists of eleven mineral claims covering approximately 42,908 hectares, located about 50 km east of the Key Lake mine [21][28] Company Background - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [29] - The company has established partnerships and joint ventures with various industry players, enhancing its exploration capabilities [30][31]
Atomic Minerals Expands Mozzie Lake Holdings, Saskatchewan, and Welcomes Mr. Jody Dahrouge to its Advisory Board
Newsfile· 2025-10-07 11:30
Core Viewpoint - Atomic Minerals Corporation has expanded its Mozzie Lake project by acquiring additional claims, enhancing its exploration potential in the uranium-rich region of northern Saskatchewan [1][2]. Acquisition Details - The company acquired 5 claims totaling 20,743.5 hectares, increasing the Mozzie Lake project area to 26,073.5 hectares [1]. - The acquisition terms include a payment of $20,000, issuance of 2,000,000 common shares, 1,000,000 warrants exercisable at $0.10 for two years, and a 2% gross overriding royalty on future production [5]. Historical Estimates - Previous drilling programs in 1967 and 1968 identified an estimated 208,300 tons grading 0.118% triuranium octoxide, equating to approximately 491,588 pounds of U3O8 [2][3]. - The historic estimate is considered relevant and reliable, classified as drill indicated, comparable to an inferred resource, but requires further drilling to upgrade its classification [3]. Advisory Board Appointment - Mr. Jody Dahrouge has been appointed to the Advisory Board, bringing over 30 years of experience in mineral exploration, particularly in uranium [6][7]. - His expertise is expected to enhance the company's exploration efforts in both the Athabasca region and U.S. projects [9]. Company Overview - Atomic Minerals Corporation is publicly listed on the TSXV under the symbol ATOM, focusing on exploration opportunities in underexplored regions with geological similarities to past uranium discoveries [11]. - The company's portfolio includes uranium projects in the Colorado Plateau and the Athabasca region, which have historically produced significant amounts of U3O8 [12].
Global Uranium Corp. Announces Plans for Fieldwork in Wyoming, USA
Globenewswire· 2025-10-01 12:00
Core Insights - Global Uranium Corp. is initiating fieldwork on the Airline Project in Wyoming to assess radiometric trends and identify high-priority uranium targets [1][2] - The Airline Project is strategically located near past-producing roll-front uranium deposits, and the upcoming fieldwork aims to evaluate radiometric trends and establish a framework for identifying potential extensions of known mineralization [2] - CEO Ungad Chadda expressed confidence in the project's potential, highlighting that the initial program provided a solid foundation for further exploration [3] Company Overview - Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America, holding key projects in Saskatchewan, Canada, and Wyoming, USA [5] - The company’s notable projects include the Wing Lake Property, the Northwest Athabasca Joint Venture, and various projects in the Great Divide Basin, Gas Hills, and Copper Mountain Districts [5]
Azincourt Energy Completes Initial Work Program on the Harrier Uranium Project
Newsfile· 2025-10-01 07:05
Core Insights - Azincourt Energy has completed its initial work program on the Harrier Uranium Project in Labrador, Canada, which is a significant step in advancing its exploration efforts [2][5]. Project Overview - The Harrier Project encompasses 49,400 hectares and includes the Snegamook deposit, positioning it as one of the largest land holdings in the Central Mineral Belt of Labrador [3][8]. - The project is strategically located near other significant uranium projects, enhancing its potential for discovery [3][8]. Mineralization and Exploration - The Harrier Project features over a dozen known uranium mineralization zones, with surface rock samples showing grades up to 7.48% U₃O₈, and more than 1.0% U₃O₈ in 10 distinct zones [4][8]. - Historical drilling has been limited, with only 124 drill holes completed, indicating substantial opportunity for new discoveries using modern exploration techniques [4][8]. Recent Work Program - The 2025 summer work program included reconnaissance of existing uranium occurrences and prospecting of identified radiometric anomalies, aimed at expanding the target inventory [5][6]. - Eleven previously identified uranium showings were visited, and two new showings were discovered, with assay results pending [6][8]. Future Plans - A high-priority target for diamond drilling is the Snegamook Uranium Deposit, where previous drilling intersected significant uranium mineralization [9][10]. - The company plans to update the Snegamook resource to NI 43-101 compliance in conjunction with the 2026 field program [10][23]. Geological Context - The Central Mineral Belt is recognized as one of Canada's most underexplored yet promising uranium regions, with a growing interest due to the demand for secure domestic uranium supply [26][28]. - The region hosts multiple large-scale uranium discoveries, indicating its exceptional uranium endowment [27][28].
GAMMA RESOURCES Announces increase in private placement to $1,300,000
Thenewswire· 2025-09-30 21:00
Group 1 - GAMMA Resources Ltd has increased its non-brokered private placement from gross proceeds of up to $1,000,000 to $1,300,000 [1][2] - The first tranche of the private placement closed on September 5, 2025, raising gross proceeds of $651,060 [1] - A second tranche is anticipated to close on or before October 7, 2025, pending acceptance by the TSX Venture Exchange [1] Group 2 - The private placement will consist of up to 11,000,000 units priced at $0.12 per unit, each unit comprising one common share and one warrant [2] - Each warrant allows the holder to acquire an additional common share at an exercise price of $0.18 for 36 months following the closing date [2] Group 3 - The financing will support GAMMA's investments in uranium properties in Utah and New Mexico and advance its proprietary rare-earth element extraction process licensed to ACDC Metals Ltd in Australia [3] - All securities issued will be subject to a four-month hold period and are not registered under U.S. securities laws [3] Group 4 - GAMMA Resources Ltd focuses on uranium exploration and development in the U.S., with key projects including the Green River Project in Utah and the Mesa Arc Project in New Mexico [5] - The company aims to benefit from favorable policy and market conditions in the U.S. nuclear landscape, providing responsibly sourced uranium supply [5]
Standard Uranium Executes Definitive Agreement to Option Rocas Uranium Project and Initiates Inaugural Exploration Program
Newsfile· 2025-09-29 12:00
Core Insights - Standard Uranium Ltd. has signed a definitive property option agreement with Collective Metals Inc. for a 75% interest in the Rocas Uranium Project, which spans 4,002 hectares in the eastern Athabasca Basin [1][3][6] Project Highlights - The Rocas Project features over 7.5 kilometers of exploration strike length along a magnetic low trend, with shallow drill targets identified south of Key Lake [5][7] - Historical mineralized outcrop grab samples along approximately 900 meters of strike length have been recorded, grading up to 0.5 wt.% U3O8, with no prior drilling conducted [5][7] - A high-resolution ground gravity survey completed in 2024 has highlighted potential alteration halos and high-priority exploration targets [5][11] Exploration Plans - The technical team will mobilize to the Rocas Project on September 30, 2025, to conduct detailed mapping, prospecting, and sampling to validate historical uranium occurrences [10][12] - Collected samples will be analyzed at the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon [10] - Ongoing geophysical interpretation and modeling throughout 2025 will integrate historical results with new datasets to identify high-priority drill targets [12] Financial Terms of the Option Agreement - The Optionee must complete cash payments, share issuances, and exploration expenditures over three years, totaling $250,000 in payments, $700,000 in shares, and $4,500,000 in exploration expenditures [16][19] - Upon successful completion of the obligations, the Optionee will acquire a 75% equity interest in the property, while Standard Uranium retains a 25% interest and a 2.5% net smelter returns royalty [19]