Core Insights - Premier American Uranium Inc. has initiated its 2025 exploration drill program at the Cyclone ISR Uranium Project in Wyoming, following a successful inaugural drill campaign in 2024 that confirmed uranium mineralization in multiple areas [1][3] - The 2025 drill program aims to build on historic drilling and 2024 results by infilling and testing priority areas of known mineralization, with a focus on the Cyclone Rim target [1][3][7] Company Overview - Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, with significant land holdings in three prominent uranium-producing regions: Grants Mineral Belt in New Mexico, Great Divide Basin in Wyoming, and Uravan Mineral Belt in Colorado [12][13] - The company holds 1,161 unpatented mining claims and 9 State leases, covering approximately 26,180 acres in the Cyclone Project area [4] Industry Context - Wyoming has been a leader in uranium mining in the U.S. since 1995, producing over 238 million pounds of uranium concentrate since the first mines began operating in 1951 [5] - The state contains the largest known economic uranium ore reserves in the U.S., located in regions such as the Powder River Basin and Great Divide Basin [5] Exploration Details - The 2025 drill program includes 25 mud rotary drillholes planned for the Cyclone Rim target, targeting an average depth of 800 feet, totaling approximately 20,000 feet of drilling [7] - Results from the 2024 program identified uranium mineralization along a ½-mile-long trend at the Cyclone Rim target, with notable intercepts such as 0.088% eU₃O₈ over 10.5 feet [7]

Core Viewpoint - GABO Mining Ltd. has entered into a lease agreement for two advanced-stage uranium exploration projects in Utah and New Mexico, reflecting a strategic shift towards uranium exploration and development, alongside a planned rebranding to GAMMA Resources Ltd. [1][2] Group 1: Lease Agreement Details - The lease agreement grants a four-year lease with an exclusive option to purchase the projects [1] - Initial consideration includes USD 50,000 upon signing and USD 200,000 payable within 120 days of execution [9] - Annual lease payments of USD 250,000 are due on each of the first three anniversaries [9] - The option to purchase both project areas for USD 1.8 million can be exercised at any time during the lease term [9] - No production royalty or minimum work obligation is required from the vendor [9] Group 2: Project Descriptions - The Green River Project in Utah consists of 41 unpatented lode mining claims targeting uranium mineralization in the Morrison Formation [3] - The project is adjacent to Western Uranium Vanadium Corp's San Rafael Project and is located 11 km from a processing plant [3] - Historical data indicates nearby deposits have a combined total indicated resource of 3,404,593 lbs and an inferred resource of 1,859,532 lbs U3O8 [3] - The Mesa Arc Project in New Mexico also includes 41 lode mining claims with historical uranium production documented [3] - An internal resource estimate from 2006 suggested 2.5 to 3.0 million pounds of U3O8 on the Mesa Arc Project claims [3] Group 3: Strategic Focus and Future Plans - The company aims to build a U.S.-based portfolio of high-impact uranium assets with ISR potential [10] - Fieldwork is planned to initiate in Q2 2025 as part of advancing towards North American uranium supply [10] - The rebranding to GAMMA Resources Ltd. aligns with the mission to support U.S. energy security and low-carbon transition [2]