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Skyharbour Closes Acquisition to Consolidate 100% Interest in the Russell Lake Uranium Project
Globenewswire· 2025-12-17 04:00
Core Viewpoint - Skyharbour Resources Ltd. has successfully acquired Rio Tinto Exploration Canada Inc.'s minority interest in the Russell Lake Uranium Project, increasing its ownership to 100% and enhancing its strategic position in the uranium market [1][3][4]. Transaction Details - The acquisition involved purchasing RTEC's approximately 42.3% interest in the Russell Lake Project for a total cash consideration of C$10 million, which included a C$2 million deposit and an C$8 million payment at closing [3]. - Skyharbour has granted RTEC a 0.25% net smelter returns royalty over the Russell Lake Project [4]. Project Overview - The Russell Lake Project spans 73,314 hectares and is located in a strategic area between Cameco's Key Lake and McArthur River Projects, enhancing accessibility due to nearby infrastructure [5]. - The project is characterized as a large, advanced-stage uranium exploration property with significant exploration upside potential [7]. Company Positioning - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and is well-positioned to capitalize on improving uranium market fundamentals [7]. - The company has joint ventures with industry leaders and has signed earn-in option agreements that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [8][9].
Myriad Uranium Earns 75% Interest in Copper Mountain, a Key Milestone for the Company
Newsfile· 2025-12-08 10:30
Core Insights - Myriad Uranium Corp. has successfully earned a 75% interest in the Copper Mountain Uranium Project in Wyoming by investing over $5.5 million under an option agreement with Rush Rare Metals Corp. [1][2] - The CEO of Myriad highlighted that reaching this expenditure threshold is a significant milestone, indicating the project's potential to become one of America's largest uranium projects [2]. Company Overview - Myriad Uranium Corp. is focused on uranium exploration and now holds a 75% interest in the Copper Mountain Uranium Project, which contains several known uranium deposits and historic mines, including the Arrowhead Mine that produced 500,000 lbs of U3O8 [2]. - The Copper Mountain Project has a rich history of exploration, with approximately 2,000 boreholes drilled and significant historical resource estimates, including an estimated C$117 million spent by Union Pacific on exploration and development [2]. - In addition to the Copper Mountain Project, Myriad also holds a 100% interest in the Red Basin Uranium Project in New Mexico, which has near-surface mineralization and significant exploration potential [2].
Skyharbour Closes $2.1 Million Private Placement of Flow-Through Shares
Globenewswire· 2025-12-05 22:00
Core Points - Skyharbour Resources Ltd. has successfully closed a non-brokered private placement financing, raising total gross proceeds of CAD $2,103,898.94, primarily from strategic institutional investors [1] - The funds will be allocated towards the company's 2026 exploration campaign, focusing on the Russell and Moore Lake Uranium Projects [1] - A total of 5,069,636 flow-through shares were issued at a price of CAD $0.415 per share, qualifying for a federal 30% Critical Mineral Exploration Tax Credit [2] - The company paid cash finder's fees of CAD $120,008.94 related to the private placement, which is pending final approval from the TSX Venture Exchange [3] - An insider director subscribed for 250,000 shares for gross proceeds of CAD $103,750, which is considered a related party transaction [4] Company Overview - Skyharbour holds a significant portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 616,000 hectares [6] - The company has acquired a 100% interest in the Moore Uranium Project, which is an advanced-stage property with high-grade uranium mineralization [6] - The Russell Lake Uranium Project, adjacent to Moore, also shows widespread uranium mineralization and exploration potential [6] - Skyharbour has joint ventures with industry leaders such as Denison Mines and Orano Canada Inc. at various projects [7] - The company has signed earn-in option agreements with partners that could lead to over CAD $76 million in partner-funded exploration expenditures [8] Strategic Goals - Skyharbour aims to maximize shareholder value through new mineral discoveries and long-term partnerships in favorable jurisdictions [9]
Appia Rare Earths & Uranium Corp. to Present at the "John Tumazos Very Independent Research Conference" on December 9, 2025
Newsfile· 2025-12-04 12:30
Core Viewpoint - Appia Rare Earths & Uranium Corp. is set to present at the John Tumazos Very Independent Research Virtual Conference on December 9, 2025, highlighting its exploration activities and strategic developments [1][2]. Group 1: Company Overview - Appia is a publicly traded Canadian company focused on rare earth elements and uranium sectors, holding a 25% interest in the PCH Ionic Adsorption Clay Project in Brazil, covering an area of 42,932.24 hectares [5]. - The company is also engaged in delineating high-grade critical rare earth elements and gallium at the Alces Lake property and exploring for high-grade uranium in the Athabasca Basin across several properties in Saskatchewan [6]. Group 2: Upcoming Events and Strategies - The upcoming presentation will cover ongoing exploration activities, recent technical results, and future strategies, coinciding with a fully funded USD $6 million exploration program for the PCH Project [2]. - Appia is preparing for a renewed exploration push across its Canadian assets in 2026, which is expected to significantly impact the company's growth [2]. Group 3: Share Structure - Appia has 194.4 million common shares outstanding and 206.8 million shares fully diluted, indicating a substantial equity base for potential investors [7].
Purepoint and IsoEnergy Joint Venture Approves 2026 Program to Advance the Nova Discovery at the Dorado Project
Newsfile· 2025-12-04 11:30
Core Insights - The Purepoint and IsoEnergy Joint Venture has approved an expanded exploration program for 2026 to advance the Nova Discovery at the Dorado Project following strong drilling results in 2025 [1][2] Program Summary - The winter 2026 drill program will consist of 10 skidder-supported drill holes totaling approximately 4,300 metres, focusing on the corridor between drill holes PG25-03 and PG25-07A, with step-outs to the northeast where the strongest mineralization was found [3][7] - A summer 2026 helicopter-supported drill program will include 7 holes totaling approximately 3,150 metres to test conductive and structural targets across various grids [5][7] - An airborne magnetotellurics (MT) survey is planned for late winter or spring to refine deeper structural targets [4][7] Project Details - The Dorado Project is a flagship project of the IsoEnergy-Purepoint 50/50 joint venture, covering over 98,000 hectares of prime uranium exploration ground, including former properties favorable for uranium deposition [15][20] - Recent drilling has confirmed the continuity of fertile graphitic rock packages, indicating potential for additional high-grade discoveries across the region [16]
Global Uranium Completes Wyoming Technical Field Program at Airline Project
Globenewswire· 2025-12-02 13:00
Core Insights - Global Uranium Corp. has successfully completed its 2025 technical field program at the Airline Project in Wyoming, achieving objectives of increased survey resolution and expanded coverage [1][4] - The program included high-resolution radiometric surveys, geological mapping, and targeted rock sampling, which are expected to refine the definition of uranium anomalies and identify new zones of radioactivity [2][3] Survey and Data Collection - A total of 56.27 line-kilometres of radiometric data were collected using RadiaCode RC-102 detectors, with quality control from RS-125 scintillometer readings [2] - Data was captured along north-south survey lines spaced twenty-five metres apart, aimed at refining previously discovered uranium anomalies [2] Geological Mapping and Sampling - Geological mapping was conducted over key anomaly zones and traverses across the Wind River Formation to improve mapping of favorable permeable horizons [3] - Sixteen rock samples were collected for geochemical analysis, ensuring quality control with certified blank and standard reference materials [3] Future Exploration Strategy - The technical work represents a significant advancement in the company's systematic exploration approach, combining geophysical and geochemical datasets to refine targeting of near-surface uranium mineralization [4] - Laboratory results are expected later this season, which will inform the company's 2026 exploration strategy [4] Company Overview - Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America, holding key projects in Saskatchewan and Wyoming [7]
Bayridge to acquire 51% interest in Baker Lake uranium project
Yahoo Finance· 2025-11-24 15:12
Core Viewpoint - Bayridge Resources has entered into a binding share purchase agreement to acquire a 51% stake in Privco, which owns the Baker Lake uranium project, for a total transaction value of $1.4 million through the issuance of 5,600,000 common shares priced at $0.25 each [1][4]. Group 1: Acquisition Details - The acquisition involves a joint venture agreement between Bayridge and Privco on standard industry terms [1]. - After the acquisition, Bayridge will have a first right of refusal over the remaining 49% of Privco shares [4]. - The owners of Privco will hold a 43% interest in Bayridge Resources post-transaction [4]. Group 2: Project Overview - The Baker Lake uranium project is located in the Kivalliq Region of Nunavut, Canada, covering 619 km² with 83 contiguous claims [2]. - The project is situated within a significant uranium district that includes other notable deposits [2]. - Modern exploration activities valued at $7 million have been conducted at the site, revealing strong geological parallels to the Angilak uranium camp [2]. Group 3: Exploration Potential - A 2008 survey identified 30 high-priority uranium targets, with historical drilling showing multiple significant uranium intercepts [3]. - Bayridge has mapped 20 uranium prospects along 75 km of the Baker Basin unconformity, with several unexplored high-priority drill targets remaining [3]. - The company will have the right to appoint one director to Privco's board, and Privco may appoint one director to Bayridge's board [3].
Skyharbour Engages Emerging Markets Consulting LLC for Marketing Contract
Globenewswire· 2025-11-20 22:00
Core Viewpoint - Skyharbour Resources Ltd. has engaged Emerging Markets Consulting for a 12-month marketing and investor awareness campaign, with an upfront fee of USD $200,000, aimed at enhancing investor outreach and corporate communication [1] Company Overview - Skyharbour Resources Ltd. holds a significant portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 616,000 hectares (over 1.5 million acres) [3] - The company has acquired a 100% interest in the Moore Uranium Project from Denison Mines, which is located near other significant uranium projects [3] - Skyharbour is advancing its projects through exploration and drilling programs, focusing on high-grade uranium mineralization [3] Joint Ventures and Partnerships - Skyharbour has joint ventures with industry leaders such as Denison Mines and Orano Canada Inc. at various projects [4] - The company has signed earn-in option agreements with partners that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [5] Strategic Goals - The company's goal is to maximize shareholder value through new mineral discoveries and long-term partnerships in geopolitically favorable jurisdictions [6]
Terra Clean Closes the Acquisition of the Past Producing Uranium Claims in San Rafael Swell, Utah, United States
Thenewswire· 2025-11-12 12:30
Core Insights - Terra Clean Energy Corp has issued 750,000 common shares to property owners of mining assets in Emery County, Utah, as part of agreements to earn interests in the Wheel Anne Claims and Green Vein Mesa Claims [1] - A site visit and sampling program is scheduled to take place within the next two weeks to prepare for a drilling program, focusing on the mineralized contact between the Moenkopi and Chinle formations [2] - The company is confident in the potential for uranium recovery from the Green Vein Mesa and Wheel Anne claim groups, with a focused drill program planned to assess uranium presence [3] - Recent financing has provided the company with the necessary funding for its initial work program, including drilling, which is expected to unlock significant value for shareholders [4] Company Overview - Terra Clean Energy is a Canadian-based uranium exploration and development company, currently developing the South Falcon East uranium project in Saskatchewan and past producing uranium mines in Emery County, Utah [6] Technical Information - The technical information in the news release has been prepared in accordance with Canadian regulatory requirements and reviewed by the company's Vice President of Exploration, who is a Qualified Person [7]
Atomic Minerals Approved for 15 Drill Holes at Harts Point Uranium Project
Newsfile· 2025-11-11 12:30
Core Insights - Atomic Minerals Corporation has received approval for drilling up to 15 holes at the Harts Point Uranium Project in Utah, targeting uranium mineralization at depths exceeding 1,500 feet [1][2] - The drilling aims to define and trace uranium mineralization along strike, potentially identifying a belt similar to that found in Lisbon Valley [2] - Historical data indicates significant uranium production in the Lisbon Valley area, with over 80 million pounds of uranium oxide produced from 1948 to 1988 [3] Company Overview - Atomic Minerals Corp. is publicly listed on the TSX Venture Exchange under the symbol ATOM, focusing on exploration opportunities in underexplored regions with geological similarities to known uranium deposits [10][11] - The company’s portfolio includes uranium projects across North America, particularly in the Colorado Plateau and Athabasca Basin, which have historically produced significant amounts of uranium [11] Project Details - The Harts Point property spans 6,500 acres and is located 64 kilometers north of the only operational conventional uranium mill in the U.S. [9] - The project consists of 324 lode mining claims on BLM land, with the approved drilling program aimed at validating historical results and enhancing understanding of the uranium potential at the site [9][7]