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].
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]
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]
Stallion Uranium Refines Coyote Target with Highly Conductive Anomalies from Ground EM Survey
Globenewswire· 2025-07-21 11:30
Core Insights - Stallion Uranium Corp. has announced positive results from a Stepwise Moving Loop, Time Domain Electromagnetic (SWML-TDEM) survey over the Coyote Target within its Moonlite Project, indicating strong potential for uranium discovery [1][2]. Survey Results - The survey confirmed the presence of strong basement conductors beneath the Athabasca Basin sandstone, with characteristics consistent with major uranium discoveries [2]. - Three distinct basement conductors were identified, with two high-priority anomalies showing strong conductance levels exceeding 10 S, comparable to those at significant uranium discoveries [6][8]. - The conductors are located within a gravity low, interpreted as potential zones of uranium alteration, which are critical for uranium mineralization [8]. Key Conductors Identified - **Coyote_14.25S**: Conductance of 14.25 S, excellent geometry, depth of 425 m, and classified as a high-priority target [4]. - **Coyote_10.7S**: Conductance of 10.7 S, good geometry, depth of 425 m, also a high-priority target [4]. - **Coyote_6.7S**: Conductance of 6.7 S, moderate quality, depth of 425 m, classified as a moderate priority [4]. Next Steps - Based on the compelling geophysical results, the company plans to integrate these findings with ongoing geological and historical data reviews to prioritize drill targets for a planned drill program at Coyote in winter 2026 [11]. - The Moonlite Project is fully permitted for drilling, allowing for immediate advancement in exploration efforts [11][20]. Technology Utilized - The SWML-TDEM survey employed advanced technology designed for high-resolution imaging of basement-hosted uranium targets, achieving exceptional signal clarity and depth detection of up to 1,000 meters [6][12]. - The survey utilized Abitibi Geophysics' proprietary ARMIT-TDEM sensor and SMARTem24 receiver, enhancing the detection and resolution of subsurface conductors [6][12]. Company Overview - Stallion Uranium is focused on exploring approximately 1,700 square kilometers in the Athabasca Basin, which is known for hosting the largest high-grade uranium deposits globally [20]. - The company, in partnership with Atha Energy, holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [20].
Denison Announces Additional High-Grade Uranium Mineralization Discovered at McClean South
Prnewswire· 2025-07-21 10:30
Core Viewpoint - Denison Mines Corp. has announced significant new intercepts of high-grade uranium mineralization at the McClean South zone, part of the McClean Lake Joint Venture, indicating potential for economic development in the area [1][3][12]. Exploration Results - A total of 14 out of 24 completed drill holes encountered significant uranium mineralization, confirming and expanding the mineralized footprint of the 8C and 8W pods [2][4]. - The exploration program aimed to expand the existing footprint of high-grade mineralization, with uranium mineralization greater than 0.05% eU (0.06% eU3O8) intersected in 14 of the 24 drill holes [4]. Notable Drill Results - Drill hole MCS-77 intersected 7.51% eU3O8 over 5.4 meters, including 10.88% eU3O8 over 3.7 meters [6]. - Drill hole MCS-80 intersected 3.5% eU3O8 over 11.2 meters, including 5.81% eU3O8 over 6.5 meters [6]. - Drill hole MCS-84 intersected 1.72% eU3O8 over 20.6 meters, including 4.43% eU3O8 over 4.0 meters [6]. Project Context - The McClean South zone is located approximately 600 meters south of the McClean North deposit, which has recently commenced commercial mining using the SABRE mining method [2][12]. - Denison holds a 22.5% ownership interest in the McClean Lake Joint Venture, which includes one of the world's largest uranium processing facilities with a licensed annual production capacity of 24 million pounds U3O8 [12][15]. Future Potential - The successful exploration results at McClean South may position it as a new economic source of future feed to the McClean Lake mill, especially with advancements in the In-Situ Recovery (ISR) mining method [3][12].
Geochemical Assays Return Uranium Grades Up To 85.4% U3O8 at CanAlaska's Pike Zone
Newsfile· 2025-07-17 09:30
Core Insights - CanAlaska Uranium Ltd. reported high-grade uranium assay results from its Pike Zone at the West McArthur project, with grades reaching up to 85.4% U3O8 [1][2][19] - The winter 2025 drill program significantly expanded the high-grade footprint of the Pike Zone, confirming multiple high-grade intervals [1][4][19] Drill Results - Drillhole WMA079-01 intersected 8.6 metres at 34.59% U3O8, including 5.5 metres at 53.90% U3O8 [1][4] - Drillhole WMA076-01 intersected 14.8 metres at 14.71% U3O8, including 5.4 metres at 39.67% U3O8 [1][4] - The winter program included 29 unconformity tests, with 22 containing uranium mineralization, indicating a strike length of approximately 250 metres [4][19] Expansion and Future Plans - The company is currently conducting a summer drill program aimed at achieving an estimated 15 to 20 additional unconformity target intersections [16][19] - The unconformity target area remains untested for approximately 1,000 metres to the west and 600 metres to the east of the Pike Zone [16][19] Market Context - The uranium market fundamentals are described as strong, with ongoing reserve depletion at current tier-1 producing assets, highlighting the importance of new high-grade discoveries like Pike Zone [5][19] - CanAlaska is focused on Tier 1 uranium deposit discovery and delineation in a secure jurisdiction, with a significant portfolio in the Athabasca Basin [23]
Skyharbour’s Partner Company Mustang Energy Receives Exploration Permit for 914W Uranium Project Located in the Athabasca Basin, Saskatchewan
Globenewswire· 2025-07-03 12:00
Core Viewpoint - Skyharbour Resources Ltd. has announced that its partner Mustang Energy Corp. has received exploration permits for the 914W Uranium Project in Saskatchewan, allowing for ground-based exploration activities [1][3]. Group 1: Project Details - The 914W Project consists of one claim covering 1,260 hectares located approximately 48 km southwest of Cameco's Key Lake Operation, with excellent access provided by Highway 914 [5]. - Mustang Energy can acquire a 75% interest in the Project by issuing common shares valued at CAD $480,000, making cash payments of $275,000 to Skyharbour, and incurring $800,000 in exploration expenditures over three years [1]. - The approved permits include various authorizations for mineral exploration activities, valid until April 30, 2028 [3]. Group 2: Exploration History - Historical exploration on the 914W property has been limited, with initial work conducted between 1968 and 1970, including airborne EM and magnetic surveys [6]. - Significant uranium mineralization has been encountered in nearby areas, with drill hole ML-1 reporting up to 1,288 ppm U and surface prospecting revealing up to 0.64% U3O8 [6]. - The project remains underexplored and is considered prospective for both unconformity-related and pegmatite-hosted uranium and rare earth elements (REEs) [6]. Group 3: Company Overview - Skyharbour holds a diverse portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 614,000 hectares [8]. - The company has established partnerships with various industry leaders and has signed earn-in option agreements totaling over $36 million in partner-funded exploration expenditures [10]. - Skyharbour aims to maximize shareholder value through new mineral discoveries and the advancement of exploration projects in favorable jurisdictions [11].
Vanguard Mining Initiates Site Visit and Core Review for NI 43-101 Report on Yuty Prometeo Uranium Project Adjacent to UEC's 8.96M lbs Resource
Thenewswire· 2025-06-12 13:20
Core Viewpoint - Vanguard Mining Corp. is advancing its uranium exploration portfolio with the acquisition of the Yuty Prometeo Project in Paraguay, which is strategically located adjacent to UEC's Yuty Project that has a defined uranium resource of 8.96 million pounds [3][4]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on high-value strategic minerals, particularly uranium, and is committed to responsible exploration and value creation [23]. Project Details - The Yuty Prometeo Project consists of four concessions covering approximately 90,000 hectares (222,395 acres) in the uranium-rich Paraná Basin of southeastern Paraguay [9]. - The Prometeo Concession spans about 27,666 hectares (68,368 acres) and has historical uranium values ranging from 0.05% to 0.10% U₃O₈ based on previous exploration [10]. - The San Jose Concessions cover approximately 62,210 hectares (153,754 acres) and have shown significant uranium anomalies through radiometric surveys [12]. Technical Report and Exploration - The company is preparing an initial NI 43-101 Technical Report, which will include data compilation, field inspections, and a review of previous exploration work [2][4]. - Ariel Testi, the senior geologist, brings 22 years of experience in the mining industry and has previously contributed to significant uranium discoveries [5][7]. Strategic Importance - The acquisition of the Yuty Prometeo Project is seen as a significant strategic advancement for Vanguard, providing compelling exploration upside within a proven uranium district [4]. - The project is positioned within a geopolitically stable and investor-friendly environment in Paraguay, which is recognized for its untapped mineral potential [22].