Uranium Exploration and Development
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Denison Announces Closing of Transaction with Skyharbour and Formation of Four Prospective Exploration Joint Ventures Proximal to Wheeler River
Prnewswire· 2025-12-17 11:30
Core Viewpoint - Denison Mines Corp. has successfully closed a transaction with Skyharbour Resources Ltd., resulting in the formation of four joint ventures focused on uranium exploration adjacent to Denison's Wheeler River Project [1][2]. Group 1: Transaction Details - The transaction involves the establishment of four joint ventures, including claims from Skyharbour's Russell Lake Uranium Project, located next to Denison's Wheeler River Project [1][2]. - Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49% and 70% respectively, while Skyharbour will operate the Russell Lake and Getty East joint ventures with Denison holding 20% and 30% interests respectively [2]. Group 2: Ownership and Options - Denison and Skyharbour have entered into Earn-In Option Agreements, allowing Denison to increase its ownership in the Wheeler North and Getty East joint ventures up to 70% [3]. - Denison holds a 95% effective interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin [4]. Group 3: Project Developments - In mid-2023, Denison completed a feasibility study for the Phoenix deposit as an ISR mining operation and updated the Pre-Feasibility Study for the Gryphon deposit as a conventional underground mining operation, both showing potential to be competitive with the lowest cost uranium mining operations globally [5]. - Permitting for the Phoenix ISR operation began in 2019 and is nearing completion, with the project's Environmental Assessment approved in July 2025 and the Canadian Nuclear Safety Commission Public Hearing concluding in December 2025 [5]. Group 4: Additional Interests - Denison has a 22.5% ownership interest in the McClean Lake Joint Venture, which includes unmined uranium deposits and a uranium mill processing ore from the Cigar Lake mine [6]. - The company also holds interests in various uranium project joint ventures through its 50% ownership of JCU (Canada) Exploration Company, including the Millennium, Kiggavik, and Christie Lake projects [7]. Group 5: Skyharbour Overview - Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and has acquired a 100% interest in the Moore Uranium Project, located near Denison's Wheeler River project [9]. - The Russell Lake Uranium Project, adjacent to the Moore Project, hosts widespread uranium mineralization with exploration potential [9].
Noble Plains Uranium Drill Program Continues High Success Rate Over Next Sixteen Holes at Duck Creek Project in Wyoming
Newsfile· 2025-12-09 13:00
Noble Plains Uranium Drill Program Continues High Success Rate Over Next Sixteen Holes at Duck Creek Project in WyomingDecember 09, 2025 8:00 AM EST | Source: Noble Plains Uranium Corp.Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) ("Noble Plains" or the "Company") a U.S. focused uranium exploration and development company, is pleased to announce the second set of drill results, with a continued success rate ...
Myriad Uranium Completes Large-Scale Radiometric and Magnetic Geophysical Survey Across Its Copper Mountain Project
Newsfile· 2025-12-04 10:45
Core Insights - Myriad Uranium Corp. has completed a large-scale helicopter-borne radiometric and magnetic survey across its Copper Mountain Uranium Project, marking a significant step in understanding the project's potential [1][2][3] Survey Details - The geophysical survey was conducted by Precision Geosurveys using an Airbus AS350 helicopter, covering approximately 191.8 km² with 2,114 line-kilometers completed at 100 m line spacing [4] - Magnetic data was collected using a cesium vapor airborne magnetometer with a sensitivity better than 0.01 nT and a sampling rate of 20 Hz, while radiometric data was collected using a gamma spectrometer system [5] - Preliminary uncorrected magnetic and radiometric images have been received, with final processed data expected in January 2026 [6] Historical Context - The historical data set includes a 1982 Bendix study estimating the broader district's contained uranium at approximately 655 million pounds, with the "Contral Area" controlled by Myriad estimated at around 245 million pounds [3] - The survey aims to illuminate previously underexplored areas at Copper Mountain, enhancing the understanding of the Bendix findings [3] Company Background - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project, which has known uranium deposits and historic mines, including the Arrowhead Mine that produced 500,000 lbs of U3O8 [11] - The project has significant exploration upside, with Union Pacific having spent approximately C$117 million (2024 dollars) on exploration and development [11]
Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on the San Rafael Swell, Utah, United States
Thenewswire· 2025-09-24 12:30
Core Viewpoint - Terra Clean Energy Corp has entered into definitive agreements to acquire up to a 100% interest in the Wheel Anne Claims and the Green Vein Mesa Claims located in Emery County, Utah, demonstrating the company's commitment to expanding its portfolio of low-risk uranium assets [1][2]. Acquisition Details - For the Wheel Anne Claims, the company will make cash payments totaling USD$260,000, issue 2,500,000 common shares, and incur exploration expenditures of USD$200,000 over five years to earn a 100% interest [3]. - The Green Vein Mesa Claims will require cash payments of USD$136,667, issuance of 1,250,000 common shares, and exploration expenditures of USD$66,667 over five years to earn a 100% interest [5]. Royalty Agreements - The vendors of the Wheel Anne Claims will retain a 2% net royalty, with Terra Clean having the option to purchase 50% of this royalty for USD$666,666 [3]. - Similarly, the vendors of the Green Vein Mesa Claims will retain a 2% net royalty, with Terra Clean having the option to purchase 50% of this royalty for USD$333,334 [5]. Regulatory Approvals - The agreements are subject to the receipt of all regulatory approvals, including those from the Canadian Securities Exchange, with the "Effective Date" being the date all such approvals are received [6]. Marketing Initiatives - Terra Clean has engaged Green Crescent Capital for marketing services, with a one-time fee of USD$5,000 for a one-month term [8]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500 [9]. 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 [10].
Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in 75 Past Producing Uranium Claims on The San Rafael Swell, Utah, United States
Thenewswire· 2025-09-16 16:35
Core Viewpoint - Terra Clean Energy Corp. is set to acquire up to a 100% interest in 75 uranium claims located in Emery County, Utah, which is expected to enhance the company's portfolio with a low-risk uranium project [1][2]. Transaction Highlights - The acquisition includes two claim groups: Wheal Anne Claims and Green Vein Mesa Claims, both situated in a historically significant uranium district in the USA [4][5]. - The transaction is designed to optimize exploration programs through a staged earn-in structure, allowing the company to gradually increase its interest in the claims [7][17][18]. Rationale Behind the Acquisition - The claims are located in an area with a history of uranium production, and the company believes there is additional minable uranium present [4][5]. - The acquisition aligns with recent U.S. government policies aimed at boosting nuclear power and uranium mining activities [4][5]. Project Overview - The San Rafael Swell is a prominent uranium mining district in east-central Utah, with historical production occurring from the late 1940s to the 1970s [5][6]. - The geological formations in the area are known to host uranium, with significant potential for further exploration and development [6][8]. Claim Details - The Wheal Anne Claim Group covers approximately 130 hectares and includes the former Lucky Strike Mine, which produced over 10,000 tons of ore with a grade of 0.22% U3O8 [7][8]. - The Green Vein Mesa Claim Group encompasses around 300 hectares and includes several past-producing mines, with local samples reportedly reaching up to 1% U3O8 [8]. Financial Structure of the Acquisition - For the Wheal Anne Claims, the company will make cash payments totaling USD$260,000, issue 2,500,000 common shares, and incur exploration expenditures of USD$200,000 over five years to earn a 100% interest [17]. - For the Green Vein Mesa Claims, the company will make cash payments totaling USD$100,000, issue 1,250,000 common shares, and incur exploration expenditures of USD$66,667 over five years to earn a 100% interest [18]. Regulatory Approvals - The agreements for the acquisition are subject to regulatory approvals, including those from the Canadian Securities Exchange [20].
F4 and Stearman to Explore Drill-Ready Murphy Lake
Newsfile· 2025-07-29 18:15
Core Viewpoint - F4 Uranium Corp. has entered into an exclusive option agreement with Stearman Resources Inc. to allow Stearman to acquire up to a 70% interest in the Murphy Lake uranium property in Saskatchewan, marking a strategic partnership aimed at advancing exploration and development of the property [1][2][3]. Agreement Details - Stearman will make a non-refundable cash payment of $50,000 on July 28, 2025, as the initial payment [2]. - Stearman has the option to acquire a 50% interest in the property by paying a total of $750,000 over 24 months, with specific payment milestones [2]. - Stearman is required to fund $10,000,000 in exploration expenditures over 42 months, with scheduled expenditures of $1,500,000 at 12 and 24 months, and $7,000,000 at 42 months [2]. - Stearman must complete equity financings to raise at least $3,000,000 within six months, after which it will issue shares to F4 equal to 9.9% of its total outstanding shares [2]. - Following the initial option, Stearman can acquire an additional 20% interest in the property, bringing its total interest to 70% [2][4]. Property Overview - The Murphy Lake Property spans 609 hectares and is located in the northeastern Athabasca Basin, near significant uranium deposits [6]. - The property is strategically positioned 5 km south of ISOEnergy's Hurricane Uranium Deposit and 4 km east of Cameco's La Rocque Lake Uranium Zone [1][6]. - Previous drilling at the property has shown promising results, including a peak scintillometer reading of 2,300 cps and assay results of 0.065% U3O8 over 2.5m [6]. Company Background - F4 Uranium Corp. is focused on uranium exploration in the Athabasca Basin, with a portfolio of 17 wholly owned properties totaling approximately 157,000 hectares [9]. - The company was spun out of F3 Uranium in 2024 and is led by a management team with a history of successful uranium discoveries [9].
Exploration Program for the Flagship Pine Ridge Uranium Project In Wyoming's Prolific Powder River Basin
Newsfile· 2025-05-15 11:00
Core Viewpoint - Snow Lake Resources Ltd. has announced an exploration program for the Pine Ridge Uranium Project in Wyoming, with a focus on identifying priority targets and initiating a drill program of approximately 38,000 meters starting in July 2025 [1][3]. Group 1: Project Overview - The Pine Ridge Uranium Project is a joint venture between Snow Lake and Global Uranium and Enrichment Limited, with both companies holding a 50/50 stake [1]. - The project area has been expanded to approximately 15,130 hectares (37,387 acres) through the staking of an additional 937 claims [4]. - The exploration program will utilize existing historical data and public information to develop a comprehensive 3D geological model of the mineralization [4][6]. Group 2: Exploration Program Details - The initial drill program will focus on priority target areas, with approximately 38,000 meters (125,000 feet) of drilling planned [5][6]. - The drill program is expected to commence shortly after permit approvals, anticipated in late June 2025 [9]. - The project is located in the Powder River Basin, a leading uranium-producing region in the U.S., known for its favorable regulatory environment [6][10]. Group 3: Historical Context and Support - Historical drilling campaigns in the project area have included 765 holes by Conoco and 449 holes by Stakeholder Energy, contributing to the geological understanding of the site [7]. - The project is supported by significant geological studies, including the measurement of 350 sandstone outcrops to understand the geological characteristics of the area [8]. - SOLA Project Services will provide technical and project support, leveraging over 25 years of experience in the Powder River Basin [9].
Aero Energy and Kraken Energy Combine to Create a Premier North American Uranium Developer
Newsfile· 2025-04-02 11:00
Core Viewpoint - Aero Energy Limited and Kraken Energy Corp. have entered into a definitive arrangement agreement for Aero to acquire all outstanding shares of Kraken, creating a leading North American uranium developer [1][2] Transaction Overview - The transaction is valued at approximately $0.02754 per Kraken Share, totaling around $1.64 million, representing a 20% premium over the 15-day volume-weighted average trading price of Kraken Shares on the CSE [2][7] - The exchange ratio is set at 0.97037 Aero Shares for each Kraken Share [7] Strategic Benefits - The merger combines Aero's Athabasca Basin uranium assets with Kraken's U.S. uranium assets, creating a dual-jurisdiction portfolio that reduces risk and enhances potential returns for shareholders [5] - The transaction secures access to U.S. uranium opportunities, capitalizing on the increasing importance of domestic assets in the energy sector [5] - The merger is expected to enhance market presence and visibility, attracting stronger investor interest [5] Leadership and Governance - The board of directors of the merged entity will consist of five members, with three from Aero and two from Kraken, ensuring a balanced leadership structure [13] - Galen McNamara will serve as CEO and Martin Bajic as CFO of the merged company [13] Shareholder Support - The transaction has received unanimous approval from the boards of both companies, with Kraken's board recommending that shareholders vote in favor [16] - Directors and executive officers of Kraken, representing approximately 8% of the outstanding shares, have agreed to vote in favor of the transaction [15] Regulatory and Approval Process - The transaction requires approval from at least 66 2/3% of the votes cast by Kraken Shareholders and is subject to regulatory approvals from the TSX Venture Exchange and CSE [9][10] - A special meeting for Kraken Shareholders is expected to be convened in June 2025 to vote on the transaction [9] Project Details - Aero is advancing a 250,000-acre land package in Saskatchewan's Athabasca Basin, focusing on high-grade uranium deposits across its flagship projects [29] - Kraken's Apex Property, a key asset, is located in Nevada and has significant exploration potential beyond historically mined zones [23][26]