Uranium Exploration
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Foremost Clean Energy Reports New Discovery of Uranium Mineralization at Hatchet Lake Property
Globenewswire· 2025-05-01 12:30
Core Insights - Foremost Clean Energy Ltd. announced the discovery of uranium mineralization in drill hole TF-25-16, which intersected 0.10% eU3O8 over 6.5 metres within a 15-metre wide interval of alteration at the Hatchet Lake Uranium Project [1][4] - The ongoing drilling campaign is part of a $6.5 million exploration budget for 2025, focusing on high-priority target areas across the uranium project portfolio [4] Company Developments - The discovery at Hatchet is attributed to a strategic collaboration with Denison Mines Corp., which provided valuable historical exploration data [2] - Foremost is prioritizing follow-up on the new mineralization while testing additional targets defined by Denison's groundwork [2] - The company appointed Shayla Forster as Corporate Secretary, effective May 1, 2025, to enhance corporate governance and compliance as it advances its uranium projects [12] Technical Details - Drill hole TF-25-16 was completed to a depth of 251 metres and is located approximately 1 km SSW of a historic drill hole that showed weakly elevated uranium mineralization [5] - The mineralization in TF-25-16 is associated with strong clay-hematite-chlorite alteration and remains open along strike, across strike, and at depth, indicating potential for expansion [7][13] - The initial results from the drill program include multiple mineralized intervals, with highlights such as 0.22% eU3O8 over 0.9 metres [4][6] Exploration Context - Foremost holds an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, which is known for its rich uranium deposits [16] - The company's uranium projects are at various stages of exploration, from grassroots to drill-ready targets, aligning with the growing demand for carbon-free energy [16]
Global Uranium Advances Athabasca Basin Exploration with Launch of ZTEM Survey at Astro Project
Globenewswire· 2025-04-30 12:00
ZTEM Survey to Map Deep Conductive Targets Across Underexplored Uranium Corridor Near McArthur River MineCALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the "Company" or “Global”) and Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa”) are pleased to announce that geophysical surveying has commenced at the Astro Uranium Project in the eastern Athabasca Basin, Saskatchewan. This fully funded program marks the first phase of Glo ...
Skyharbour Partner Company Terra Clean Energy Plans Summer Drill Program at the South Falcon East Uranium Project
Globenewswire· 2025-04-29 12:30
Core Insights - Skyharbour Resources Ltd. announces a summer drill program at the South Falcon East Uranium Project, in partnership with Terra Clean Energy Corp. [1] - Terra will fund exploration expenditures of CAD $10,500,000 and pay Skyharbour CAD $11,100,000 in cash, with CAD $6,500,000 potentially settled in shares [1] Project Overview - The South Falcon East Project covers approximately 12,464 hectares and is located 18 km outside the Athabasca Basin, about 50 km east of the Key Lake Uranium Mill [9] - Historical exploration has identified an area of U-Th-REE mineralization at the Fraser Lakes Zone B, covering 1.5 km by 0.5 km [9] Upcoming Drilling Program - Terra plans to conduct approximately 2,500 metres of drilling in summer 2025, targeting a high-priority area for higher-grade uranium mineralization [2][3] - The drilling will focus on an area where key geological indicators for uranium deposits intersect, including graphitic metasediments and clay alteration [3] Financial Aspects - The budget for the summer drilling program is anticipated to be CAD $2,000,000 [5] - The total exploration expenditures from partner-funded agreements with Skyharbour exceed CAD $36 million, including over CAD $20 million in shares and CAD $14 million in cash payments [13] Industry Context - The Athabasca Basin is a leading uranium-producing region, accounting for approximately 20% of global uranium production [4] - The region has attracted significant investment due to its well-explored nature and the potential for high-grade uranium deposits [4]
Pine Ridge Project Significantly Expanded
Newsfile· 2025-04-29 11:00
Core Viewpoint - Snow Lake Resources Ltd. has significantly expanded its landholding at the Pine Ridge Uranium Project through a joint venture with Global Uranium and Enrichment Limited, enhancing its strategic position in the Powder River Basin, a key area for uranium production in the U.S. [1][2] Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM, focusing on critical minerals and clean energy projects [7]. Pine Ridge Uranium Project - The Pine Ridge Uranium Project is an advanced In-Situ Recovery (ISR) uranium project located in the southwestern Powder River Basin of Wyoming, which is recognized as the premier U.S. uranium basin [2]. - The project is strategically located near existing uranium projects held by UEC and Cameco, and approximately 15 km from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds of U3O8 per annum [2]. Landholding Expansion - The Pine Ridge landholding has been expanded by approximately 85%, adding 937 new claims that cover around 7,045 hectares (17,408 acres) of previously unclaimed Federal mineral parcels [5]. - The total landholding for Pine Ridge now amounts to approximately 15,130 hectares (37,387 acres) [5]. Geological Potential - Historical drilling and recent geological modeling indicate strong potential for further uranium mineralization in the area, with updated modeling suggesting an increase in prospective strike length from approximately 225 km to nearly 435 km [3].
Foremost Clean Energy Announces National Marketing Campaign
Globenewswire· 2025-04-28 12:00
Core Viewpoint - Foremost Clean Energy Ltd. is launching a multi-platform investor awareness campaign to educate North American investors about the importance of nuclear energy, Canada's mineral supply chain, and the company's unique market position in uranium and lithium exploration [1][2]. Group 1: Campaign Overview - The campaign aims to educate investors on Foremost's uranium portfolio in Saskatchewan and lithium assets in Manitoba and Quebec, while addressing macro trends such as small modular reactor adoption and projected uranium supply deficits [2]. - The campaign will utilize a combination of premium broadcast media, targeted digital dissemination, and institutional outreach [1]. Group 2: Marketing Agreements - Foremost has engaged RedChip Companies Inc. for a national television campaign, including a 30-second advertisement on CNBC and Fox Business, and a 30-minute CEO interview on Bloomberg TV [3][4]. - The company has entered into a marketing services agreement with LFG Equities Corp. for strategic advice and digital marketing services, with a total fee of USD $500,000 over three months [5][6]. - An extension of the marketing agreement with Spark Newswire has been announced, providing digital marketing services for CAD $75,000 over six weeks [7][8]. Group 3: Company Profile - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company with a focus on the Athabasca Basin, holding an option to earn up to a 70% interest in 10 uranium properties [9]. - The company also has lithium projects across over 55,000 acres in Manitoba and Quebec, positioning itself for growth in the clean energy sector [10].
Stallion Uranium Closes $1.45 million Private Placement
Globenewswire· 2025-04-24 11:00
VANCOUVER, British Columbia, April 24, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that, further to its news releases dated April 1, 2025 and April 8, 2025, it has closed a non-brokered private placement for aggregate gross proceeds of CDN$1,450,000 (the "Offering"). The offered securities described in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as ...
Mustang Energy Corp. Receives Results from Airborne MobileMT Survey at their Yellowstone Project, Saskatchewan
Globenewswire· 2025-04-17 21:48
Core Viewpoint - Mustang Energy Corp. has announced the successful completion of a Mobile MagnetoTellurics (MobileMT) survey at its Yellowstone Project, indicating potential uranium mineralization in the area [1][2]. Survey Details - The MobileMT survey was conducted by Expert Geophysics, covering 373 line-kilometers with a 400-meter line spacing, targeting previously uninvestigated areas [2]. - The MobileMT system is capable of detecting conductors at depths greater than 1,000 meters, providing high-resolution insights into potential uranium-hosting structures [2][11]. Survey Results - The analysis of the MobileMT data has identified multiple exploration targets characterized by strong, deep conductive anomalies, suggesting the presence of uranium hosting hydrothermal or structural zones [3]. - Several anomalies are associated with structurally complex corridors linked to NW-SE trending faults and magnetic low trends, which are significant for unconformity-type uranium systems [3]. - The VLF data indicates near-surface linear features interpreted as fault structures, aligning with breaks in conductivity and magnetic datasets, suggesting fluid circulation from depth [3]. Project Overview - The Yellowstone Project is located approximately 16 kilometers from the Cluff Lake Mine and consists of seven adjoining claims totaling 21,820 hectares [13]. - The project surrounds the Carswell Impact Structure, which is believed to be related to a meteorite impact and hosts high-grade uranium mineralization [13]. Technological Insights - MobileMT technology utilizes naturally occurring electromagnetic fields to identify variations in subsurface electrical resistivity, effectively detecting deep-seated structures associated with uranium mineralization [9][11]. - The system has previously identified basement conductors and alteration zones in prominent uranium deposits across the Athabasca Basin [12]. Data Integration - The recent survey has provided a comprehensive dataset of airborne EM surveys, magnetic, and radiometric datasets, enhancing the ability to prioritize high-potential uranium targets [8]. - The company is actively integrating these results with historical data to refine and prioritize future drill targets [8].
Snow Lake Phase 2 Drill Program Underway at Engo Valley
Newsfile· 2025-04-16 16:00
Core Viewpoint - Snow Lake Resources Ltd. has initiated its Phase 2 drill program at the Engo Valley Uranium Project, aiming to establish a maiden resource estimate by the second half of 2025, in response to the increasing global demand for uranium due to the expansion of nuclear energy production [1][3][6]. Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq under the ticker LITM, with a portfolio that includes two uranium projects and two hard rock lithium projects [8]. Phase 2 Drill Program - The Phase 2 drill program is designed to encompass up to 7,500 meters of drilling, utilizing both reverse circulation and diamond drilling techniques, to facilitate the calculation of a maiden mineral resource estimate [4][6]. - The focus of Phase 2 will be on the Main Uranium Occurrence (MUO) and the D1 target area, with additional targets planned for exploration in the northern and southern parts of the project [6][7]. - Initial drill holes have been completed, and the program is expected to provide a sufficient database for resource estimation in accordance with SK-1300 standards [6][7]. Market Context - The global supply deficit of uranium is projected to grow as nuclear energy production capacity expands, necessitating new uranium mines to meet this demand [3].
Foremost Clean Energy Commences Site Preparation for 2025 Drill Program at Hatchet Uranium Project
Newsfilter· 2025-03-27 12:00
Core Viewpoint - Foremost Clean Energy Ltd. has initiated its 2025 winter exploration program at the Hatchet Lake Uranium Project, aiming to capitalize on the growing demand for uranium driven by the global energy transition and increasing nuclear power capacity commitments from over 30 countries and 160 corporations by 2050 [3][15]. Company Developments - The initial phase of the exploration program includes site preparation and is set to begin diamond drilling shortly, focusing on high-priority targets in the eastern Athabasca Basin [1][2]. - The planned drill program consists of 2,000 meters of diamond drilling across 8 drill holes, targeting depths of approximately 250 meters, with a focus on two areas: Tuning Fork and Richardson [4][10]. - Foremost has recognized the contributions of Johnathan More, who will resign from the board effective April 1, 2025, and the company is evaluating options for a new independent director [11]. Exploration Strategy - The exploration program is designed to target sandstone-hosted and basement-hosted uranium mineralization along conductive trends identified through previous drilling and geophysical surveys [5][6]. - Drill targets have been prioritized based on historical results showing confirmed uranium mineralization coinciding with untested conductive anomalies, aiming to expand known mineralization and discover new sources [6][7]. - The 2025 drilling campaign will test the extent of previously identified mineralized zones and explore untested EM conductors over a strike length of up to 700 meters [7][10]. Market Context - The uranium market is experiencing a critical juncture with increasing demand for nuclear power and a shortfall in primary uranium production, creating opportunities for uranium producers and explorers, particularly in stable jurisdictions like Canada [3][15]. - The Hatchet Lake project benefits from shallow sandstone cover, allowing for efficient and cost-effective exploration, which is expected to enhance the potential for discovery in the upcoming drill campaign [10].