Uranium Exploration
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Forum Energy Metals Announces Shareholder Approval for Acquisition by Baselode Energy
Newsfile· 2025-08-19 20:58
Core Viewpoint - Forum Energy Metals Corp. has received overwhelming shareholder approval for its arrangement with Baselode Energy Corp., which involves the exchange of shares and options as part of the acquisition process [1][5]. Group 1: Arrangement Details - Under the arrangement, shareholders will receive 0.3535 of a Baselode common share for each Forum share held, with adjustments made for options and warrants [2]. - The arrangement required at least two-thirds (66⅔%) approval from shareholders present at the meeting, along with a majority excluding interested parties [4]. - A total of 108,801,782 shares were represented at the meeting, accounting for 35.17% of the total issued shares [3]. Group 2: Voting Results - Of the votes cast, 97.57% were in favor of the arrangement, which increased to 97.48% after excluding shares as required [5]. Group 3: Next Steps - The company will seek a final court order to approve the arrangement on August 22, 2025, with completion expected shortly after if customary closing conditions are met [6]. Group 4: Company Background - Baselode Energy controls approximately 241,409 hectares for exploration in the Athabasca Basin, with no underlying royalties [7]. - Forum Energy Metals focuses on high-grade uranium deposits in Canada, holding significant land positions in Saskatchewan and Nunavut [10].
Homeland's Phase I Program Confirms 14 km of Uranium Strike Potential at the Coyote Basin Project, Colorado, United States
Newsfile· 2025-08-18 12:00
The Phase I program has confirmed both the presence and location of the four variably radioactive stratigraphic horizons previously identified in the late 1970s during the historical exploration work completed by Western Mining, a previous operator of the project1 (see Figure 1). The Company's mapping focused on areas identified proximal to previous drilling and showed elevated radioactivity up to nearly eight times background levels (up to 400 cps2). The highest radioactivity detected by the Company was fo ...
IsoEnergy and Purepoint Report Assay Grades of up to 5.4% U₃O₈ from Initial Holes at the Nova Discovery on the Dorado JV
Prnewswire· 2025-08-06 10:30
Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. have confirmed high-grade uranium mineralization at their joint venture Dorado project's Nova Discovery in Saskatchewan's Athabasca Basin [1][4][17] - Initial assay results from drill holes PG25-04 and PG25-05 show significant uranium grades, with PG25-05 returning 1.0 metre grading 2.2% U₃O₈, including 0.3 metres at 5.4% U₃O₈ [1][5][6] - The ongoing drilling program aims to further explore and extend the mineralized trend, with additional assays from PG25-07 expected soon [1][4][6] Summary by Sections Assay Results - PG25-04 returned 0.6 metres grading 1.0% U₃O₈, while PG25-05 returned 1.0 metre grading 2.2% U₃O₈, including a high-grade interval of 0.3 metres at 5.4% U₃O₈ [5][6] - PG25-07 is anticipated to provide further insights, having recorded the highest radioactivity readings to date [1][4][6] Drilling Program - The 2025 drill program focuses on the Q48, Q2, and Turaco target areas, with PG25-04 and PG25-05 being the initial drill holes [2][3][17] - Follow-up drilling is planned for winter to extend the mineralized trend northeast, leveraging frozen ground for access [6][18] Project Overview - The Dorado project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares of uranium exploration ground [17][25] - The project includes several former properties known for their potential for uranium deposition, underlain by favorable geological structures [17][25] Industry Context - The Athabasca Basin is recognized as one of the world's most significant uranium districts, with ongoing exploration efforts aimed at discovering high-grade uranium deposits [26][27] - IsoEnergy is advancing its Larocque East project, which hosts the world's highest-grade indicated uranium mineral resource, positioning the company for potential near-term production [25]
IsoEnergy and Purepoint Report Assay Grades of up to 5.4% U3O8 from Initial Holes at the Nova Discovery on the Dorado JV
Newsfile· 2025-08-06 10:30
Core Insights - IsoEnergy and Purepoint announced high-grade uranium mineralization at the Nova Discovery in the Dorado project, with assay grades reaching up to 5.4% U3O8 from initial drill holes [1][3][6] - The results from drill holes PG25-04 and PG25-05 confirm the significance of the mineralization at the Q48 target, with PG25-05 returning 1.0 metre grading 2.2% U3O8, including 0.3 metres at 5.4% U3O8 [1][4][10] - Assays from PG25-07 are pending, which are expected to provide further insights into the mineralized system [1][3][6] Summary by Sections Assay Results - Initial assays from drill holes PG25-04 and PG25-05 confirmed high-grade uranium mineralization, with PG25-05 showing 1.0 metre at 2.2% U3O8 and PG25-04 showing 0.6 metres at 1.0% U3O8 [1][4][6] - The assay results validate the mineralization first intersected at Q48, which is hosted in a steeply dipping, brittle basement fault [6][10] Drilling Details - The Dorado project encompasses over 98,000 hectares of uranium exploration ground, including the former Turnor Lake, Geiger, Edge, and Full Moon properties [21][32] - The drilling program is designed to extend the mineralized trend northeast, with follow-up drilling planned for winter when ground conditions are favorable [6][22] Company Profiles - IsoEnergy is a globally diversified uranium company with significant resources in top mining jurisdictions and is advancing its Larocque East project in the Athabasca basin [32] - Purepoint Uranium Group focuses on uranium exploration in the Athabasca Basin and operates advanced projects in partnership with industry leaders [33][34]
F3 - Extends Mineralization with 67.0m of Radioactivity at Tetra Zone
Newsfile· 2025-08-05 09:00
Core Insights - F3 Uranium Corp has reported significant results from the Tetra Zone, with the widest intervals of radioactivity to date on the Patterson Lake North Project, including 67.0m of composite radioactivity in drill hole PLN25-217 and 39.5m in PLN25-212 [1][2][14] Summary by Sections Exploration Results - Drill hole PLN25-217 intersected 67.0m of composite radioactivity between 299.5m and 414.5m, with 49.0m of continuous radioactivity between 347.5m and 396.5m [1][2] - Drill hole PLN25-212 intersected 39.5m of composite radioactivity between 330.0m and 409.5m, including 27.5m of continuous radioactivity between 360.5m and 396.5m [1][2] Company Commentary - Sam Hartmann, Vice President of Exploration, highlighted the unexpected substantial radioactive widths and the potential of the Tetra Zone, indicating a need for adaptations in the drill plan and deposit model generation [2][14] - The company plans to conduct a ground geophysical program to improve conductor modeling around the Tetra Zone, which may reduce the number of drill holes required for targeting [2][14] Project Overview - The Patterson Lake North Project spans 42,961 hectares and is located in the Athabasca Basin, near significant high-grade uranium deposits [14][16] - The project includes the JR Zone Uranium discovery and the newly identified Tetra Zone, which is positioned 13km south of the JR Zone [14][16]
Skyharbour Expands Uranium Exploration Portfolio to Over 616,000 Hectares Across Thirty-Seven Projects in the Athabasca Basin, Northern Saskatchewan
GlobeNewswire News Room· 2025-07-30 12:00
Core Insights - Skyharbour Resources Ltd. has acquired 21 new uranium exploration claims in northern Saskatchewan, increasing its total land position to 616,939 hectares across 37 projects [1][46] - The newly acquired claims will be integrated into the company's prospect generator business model, with plans to seek strategic partners for joint ventures [2][23] Summary of New Claims - **Haultain Project**: Comprises five claims totaling 6,607 hectares, located 46 km southwest of Cameco's Key Lake Operation, prospective for basement-hosted uranium mineralization [4] - **Bonville Project**: A single claim of 1,497 hectares located 60 km south of Cameco's Key Lake Operation, also prospective for uranium and copper mineralization [6][7] - **Bolt Extension Project**: Four claims totaling 1,127 hectares adjacent to the existing Bolt Project, with potential for uranium mineralization [9] - **South Preston Project**: One claim of 956 hectares located 30 km south of the Athabasca Basin, with limited exploration conducted [10] - **Tarku Project**: One claim of 3,233 hectares adjacent to the South Dufferin Project, known for high-grade uranium mineralization [11][12] - **Elevator Project**: Two re-staked claims totaling 8,012 hectares, located near Highway 914 [13][14] - **914 Project**: Three re-staked claims totaling 1,133 hectares, also near Highway 914 [13][14] - **Bennett Project**: Four claims totaling 11,815 hectares, with historical exploration indicating potential for uranium mineralization [17][18] - **Spence Project**: Five claims totaling 14,334 hectares, located 75 to 85 km south of Cameco's Rabbit Lake Operation, prospective for uranium [19][20] - **Yurchison Project**: Drill-ready project comprising two claims totaling 9,073 hectares, with historical exploration indicating uranium potential [21][22] Other Projects and Strategic Partnerships - The company continues to advance its prospect generator model, seeking partnerships to develop early-stage uranium projects [23] - Skyharbour has entered a marketing agreement with Outside the Box Capital to enhance awareness of its projects [44] - The company has joint ventures with Orano Canada Inc., Azincourt Energy, and others, with over $36 million in partner-funded exploration expenditures anticipated [47][48]
Premier American Uranium Reports Positive Drill Results from the Cyclone ISR Project, Wyoming
Globenewswire· 2025-07-29 11:00
TORONTO, July 29, 2025 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. ("PUR", the "Company" or "Premier American Uranium") (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce positive drill results from the ongoing exploration drilling program on the Cyclone Rim target at the Company's wholly-owned Cyclone ISR Uranium Project ("Cyclone" or the "Project"), located in the Great Divide Basin of south-central Wyoming. The exploration program commenced on July 16, 2025, with the objective of further defining sa ...
Standard Uranium Announces Results of High-Resolution TDEM Survey at the Corvo Uranium Project, Northern Saskatchewan
Newsfile· 2025-07-23 11:30
Core Viewpoint - Standard Uranium Ltd. has announced positive results from a high-resolution airborne Time Domain Electromagnetic (TDEM) survey at its Corvo Uranium Project, confirming 29 kilometers of prospective conductor strike length and multiple radioactive occurrences at the surface [1][3]. Group 1: Survey Results - The TDEM survey confirmed and improved previously defined electromagnetic conductors, outlining 29 kilometers of prospective exploration strike length across the project [4][9]. - High-priority target areas have been identified based on overlapping historical geochemical surveys, sampling, and existing drill hole uranium intercepts [4]. - The survey was completed on schedule and on budget, successfully gathering high-resolution data to depth, which will aid in identifying exploration targets under glacial cover [7]. Group 2: Future Plans - The company is planning a diamond drill program for Q1 2026 to test targets developed from the recent exploration and geophysical programs [4]. - Further digital processing and modeling of the TDEM survey results are underway to prioritize target areas for the inaugural drilling [4][10]. - A high-resolution ground gravity survey is also planned to refine drill targets and identify potential hydrothermal alteration halos related to uranium mineralization [10]. Group 3: Project Background - The Corvo Project spans 12,265 hectares and is located in Northern Saskatchewan, under a three-year earn-in option agreement with Aventis Energy Inc. [1]. - The project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, with historical sample results showing up to 59,800 ppm U at surface [12]. - The project is strategically located near significant uranium mining areas, including Atha Energy's Gemini Mineralized Zone and Cameco's McArthur River mine [8].
IsoEnergy and Purepoint Extend High-Grade Mineralization at the Dorado JV with a 70 Metre Step-Out Peaking at 110,800 CPS
Prnewswire· 2025-07-23 10:30
Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. report strong drilling results from their Dorado joint venture project in Saskatchewan's Athabasca Basin, particularly from the recent drill hole PG25-07A, which shows significant mineralization with an average of 11,100 counts per second (CPS) over 14.0 meters, including a peak of 110,800 CPS [1][4][5] Drilling Results - The PG25-07A drill hole extended the Nova Discovery zone by 70 meters northeast and provided the strongest intercept to date in terms of intensity and thickness based on radioactivity [4][5] - The mineralized structure at the Q48 target area is characterized as a steeply dipping, uranium-bearing structure within basement rocks, indicating the potential scale and strength of the system [2][4] - All assays from the current drilling program are pending and will be disclosed once available [2] Project Overview - The Dorado project encompasses over 98,000 hectares of prime uranium exploration ground, including former properties known for favorable conditions for uranium deposition [16] - The Q48 target area has been identified as highly prospective but underexplored, with previous drilling revealing altered and disrupted rocks at the unconformity [12][13] - The Turaco target area, located approximately 8 km northeast of Q48, is characterized by high conductivity and will see drilling commence based on recent geophysical surveys [15] Future Plans - Follow-up drilling at the Q48 target is expected to resume in winter when ground conditions improve, allowing for more efficient access [5][4] - The joint venture partners have approved a 5,400-meter drill program for 2025, which includes up to four holes at the Turaco target [5]
Vanguard Mining Site Visit and Core Review Preparation Underway at Yuty Prometeo Project, Paraguay
Thenewswire· 2025-07-22 07:05
Company Overview - Vanguard Mining Corp. is preparing for site visits by its technical team for core review and analysis in anticipation of a maiden NI 43-101 Technical Report on the Yuty Prometeo Uranium Project in Paraguay [1][3] - The Yuty Prometeo Project consists of four concessions covering approximately 90,000 hectares (222,395 acres) in the uranium-rich Paraná Basin [2][4] Industry Context - Uranium prices have increased by approximately 33% over the past six months, with the current spot price at US$78.50 per pound, indicating renewed momentum in the sector driven by global demand for clean energy [2][3] - The Paraná Basin is known for its uranium deposits, including the adjacent Uranium Energy Corp.'s Yuty Deposit, which has an indicated resource of 8.96 million pounds of U₃O₈ [2][14] Project Details - The Yuty Prometeo Project is strategically located adjacent to a defined multi-million-pound uranium deposit, benefiting from strong geological fundamentals and excellent infrastructure access [3][4] - Historical records indicate uranium values ranging from 0.05% to 0.10% U₃O₈ from 28 drill holes on the Prometeo Concession, although these results are considered historical and have not been verified [6][14] Exploration and Development Plans - The technical team's initial site visit will include core logging, sampling, and preliminary analysis to validate historical data and support NI 43-101 reporting [3][9] - The company aims to apply modern exploration techniques to unlock the potential of the Yuty Prometeo Project, which is viewed as a significant uranium asset in South America [4][15] Financial Activities - Vanguard Mining Corp. plans to conduct a non-brokered private placement of up to 12,830,000 units at a price of $0.15 per unit, aiming for gross proceeds of up to $1,924,500 [16][21] - The proceeds from the offering will be used for exploration programs on its mineral properties and general working capital [21][22]