Core Insights - Energy Fuels is transitioning from its historical role in uranium to building an integrated platform focused on critical minerals [1] Company Overview - Energy Fuels is recognized for its significant historical involvement in the uranium sector [1] - The company is actively developing a comprehensive strategy to incorporate critical minerals into its operations [1] Investment Perspective - The investment approach emphasizes value companies with strong long-term potential, indicating a focus on sustainable growth [1]

Core Insights - Global Uranium Corp. is initiating fieldwork on the Airline Project in Wyoming to assess radiometric trends and identify high-priority uranium targets [1][2] - The Airline Project is strategically located near past-producing roll-front uranium deposits, and the upcoming fieldwork aims to evaluate radiometric trends and establish a framework for identifying potential extensions of known mineralization [2] - CEO Ungad Chadda expressed confidence in the project's potential, highlighting that the initial program provided a solid foundation for further exploration [3] Company Overview - Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America, holding key projects in Saskatchewan, Canada, and Wyoming, USA [5] - The company’s notable projects include the Wing Lake Property, the Northwest Athabasca Joint Venture, and various projects in the Great Divide Basin, Gas Hills, and Copper Mountain Districts [5]

Core Insights - Myriad Uranium Corp. has obtained a comprehensive report from Bendix Field Engineering Corporation regarding the Copper Mountain uranium project, which reveals significant potential for uranium endowment in the area [1][2][3] Historical Assessment - The newly acquired report, titled "An Exploration Systems Approach to the Copper Mountain Area Uranium Projects," contains over 600 pages of detailed data analysis and interpretation, providing a solid foundation for future exploration [2][3] - The historical estimates indicate a potential mineral endowment of approximately 245 million pounds of uranium in the Control Area and about 655 million pounds in the larger Assessment Area [6][27] Control and Assessment Areas - The Control Area, centered on the Canning Deposit, is estimated to have a potential mineral endowment of around 245 million pounds of uranium down to a depth of 600 feet, with Myriad and its partner holding approximately 70% of this area [6][8] - The larger Assessment Area is estimated to have a potential mineral endowment of approximately 655 million pounds of uranium, with Myriad holding about 29% of this area [6][27] Exploration Targets - The study identified several probable target areas for extensive intermediate-grade uranium deposits, particularly in locations within the Control Area that previously lacked drill-hole data [6][24] - Myriad plans to utilize the findings from the Bendix study to develop enhanced exploration targets for the Copper Mountain project area [25] Methodology and Data - The assessment relied on a vast amount of geological, geochemical, and geophysical data, including information from 1,193 mineralized boreholes within the Control Area [19][20] - The structural scoring system developed for the assessment successfully delineated known uranium deposits and extended favorable trends related to these deposits [24][23] Future Plans - Myriad intends to integrate the new data into its exploration strategy, with plans for future drilling campaigns to verify the historical estimates and explore additional targets [10][25]

Core Insights - Azincourt Energy has completed its initial work program on the Harrier Uranium Project in Labrador, Canada, which is a significant step in advancing its exploration efforts [2][5]. Project Overview - The Harrier Project encompasses 49,400 hectares and includes the Snegamook deposit, positioning it as one of the largest land holdings in the Central Mineral Belt of Labrador [3][8]. - The project is strategically located near other significant uranium projects, enhancing its potential for discovery [3][8]. Mineralization and Exploration - The Harrier Project features over a dozen known uranium mineralization zones, with surface rock samples showing grades up to 7.48% U₃O₈, and more than 1.0% U₃O₈ in 10 distinct zones [4][8]. - Historical drilling has been limited, with only 124 drill holes completed, indicating substantial opportunity for new discoveries using modern exploration techniques [4][8]. Recent Work Program - The 2025 summer work program included reconnaissance of existing uranium occurrences and prospecting of identified radiometric anomalies, aimed at expanding the target inventory [5][6]. - Eleven previously identified uranium showings were visited, and two new showings were discovered, with assay results pending [6][8]. Future Plans - A high-priority target for diamond drilling is the Snegamook Uranium Deposit, where previous drilling intersected significant uranium mineralization [9][10]. - The company plans to update the Snegamook resource to NI 43-101 compliance in conjunction with the 2026 field program [10][23]. Geological Context - The Central Mineral Belt is recognized as one of Canada's most underexplored yet promising uranium regions, with a growing interest due to the demand for secure domestic uranium supply [26][28]. - The region hosts multiple large-scale uranium discoveries, indicating its exceptional uranium endowment [27][28].

Core Viewpoint - Energy Fuels Inc. has announced the pricing of $600 million in 0.75% Convertible Senior Notes due 2031, increasing the offering size from a previously announced $550 million, aimed at qualified institutional buyers [1][2]. Offering Details - The offering includes an option for initial purchasers to buy an additional $100 million in notes within a 13-day period after issuance [2]. - The notes will mature on November 1, 2031, and will accrue interest at a rate of 0.75% per year, with interest payments starting on May 1, 2026 [3]. Use of Proceeds - Energy Fuels estimates net proceeds of approximately $578.1 million, or $674.6 million if the additional notes option is fully exercised. These funds will be used for: 1. Covering approximately $45.9 million for capped call transactions [4]. 2. Funding development expenditures for the Phase 2 rare earth separations circuit expansion at the White Mesa Mill [4]. 3. Supporting the Donald heavy mineral sands and rare earth project in Australia [4]. 4. General corporate needs and working capital [4]. Conversion Features - The notes are convertible into cash, common shares, or a combination thereof, with an initial conversion rate of 49.1672 common shares per $1,000 principal amount, equating to a conversion price of approximately $20.34 per share, representing a 32.5% premium over the last reported sale price [5]. Redemption Terms - Energy Fuels may not redeem the notes before November 6, 2028, except under specific tax law changes. After this date, redemption is possible if the common shares' price exceeds 130% of the conversion price for at least 20 trading days [6]. Fundamental Change Clause - In the event of a "fundamental change," Energy Fuels is required to offer to repurchase the notes at 100% of the principal amount plus accrued interest [7]. Capped Call Transactions - Energy Fuels has entered into capped call transactions to mitigate potential dilution from the notes, with an initial cap price of $30.70, representing a 100% premium over the last reported sale price [8][9]. Market Impact - The establishment of hedges related to the capped call transactions may influence the market price of common shares and the trading price of the notes [10][11]. Company Overview - Energy Fuels is a leading U.S. producer of uranium and critical minerals, operating the only fully licensed conventional uranium processing facility in the U.S. and involved in various projects related to rare earth elements and heavy mineral sands [16].

Core Viewpoint - Energy Fuels has experienced significant stock volatility, with a 222% increase this year followed by a 10.2% drop, as the company plans to raise $550 million through convertible senior notes to fund growth projects [1][2]. Fundraising Effort - Energy Fuels is set to offer $550 million in convertible senior notes due in 2031, which raises concerns about potential share dilution for investors [2]. - The company is currently generating revenue but is operating at a loss, and while it has no existing debt, this allows for financial flexibility to borrow for growth [3]. Project Funding - The proceeds from the fundraising will primarily be used for expanding the rare earth separation circuit at the White Mesa uranium mill and developing the Donald rare earth and heavy mineral sands project in Australia [4]. Share Dilution Mitigation - To minimize share dilution, Energy Fuels plans to engage in capped-call transactions with the note buyers, allowing the company to limit the number of shares issued upon conversion [5]. Market Response - Following the announcement, Energy Fuels' stock showed signs of recovery, with a decrease of only about 4% by noon, indicating investor interest may be stabilizing the stock [6]. - The company holds substantial uranium inventory, positioning it favorably in anticipation of rising uranium prices, especially with supportive policies from the current administration [6].

Core Viewpoint - Purepoint Uranium Group Inc. has launched its inaugural drill program at the Tabbernor Project, aiming to explore a largely untouched structural corridor in Saskatchewan's Athabasca Basin [1][2]. Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration with a dynamic portfolio of advanced projects in the Athabasca Basin, collaborating with industry leaders like Cameco Corporation and Orano Canada Inc. [15][16]. Project Details - The Tabbernor Project spans over 50,000 hectares and is strategically located along the Tabbernor Fault System, which is known for controlling gold mineralization and uranium occurrences [3][9]. - The project is approximately 40 kilometers south of Cameco's Eagle Point deposit and consists of 23 contiguous mineral claims covering an area of 51,670 hectares [10]. Exploration Strategy - The current drill program will cover 1,500 meters and test five targets across two high-priority areas within a 60-kilometer-long corridor of graphitic conductors [1][5]. - Over the past four years, Purepoint has conducted comprehensive exploration programs, including airborne VTEM, MobileMT, and gravity surveys, which have identified key markers for potential uranium deposits [4][5]. Structural Insights - The Tabbernor Fault System is a significant geophysical and geological structure that trends northward along Saskatchewan's eastern boundary, potentially influencing the location of uranium mineralization [12][13]. - Recent drilling on an adjacent property has intersected significant mineralization associated with the central Tabbernor graphitic structure, indicating the area's potential [11].

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) Forsys is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced “bought deal” private placement (the “Underwritten Offering ...

Core Viewpoint - Collective Metals Inc. has signed a definitive property option agreement to acquire a 75% interest in the Rocas Project, a significant uranium asset located in the eastern Athabasca Basin, which is expected to enhance long-term shareholder value [1][3]. Rocas Project Highlights - The Rocas Project spans 4,002 hectares and is strategically located 75 kilometers southwest of the Key Lake Mine, featuring over 7.5 kilometers of exploration strike length along a magnetic low trend [4][5]. - Historical mineralized outcrop grab samples along approximately 900 meters of strike length have been recorded, grading up to 0.5 wt.% U3O8, with no prior drilling conducted on these occurrences [5][23]. - A high-resolution ground gravity survey completed in 2024 has identified potential new uranium targets, highlighting alteration halos and high-priority exploration areas [3][10]. Exploration Plans - The exploration team mobilized to the Rocas Project on September 30, 2025, to conduct detailed mapping, prospecting, and sampling to validate historical uranium showings [8]. - Collected samples will undergo geochemical analysis at the Saskatchewan Research Council Geoanalytical Laboratories [8]. - Ongoing geophysical interpretation and modeling throughout 2025 will integrate historical results with new datasets to identify high-priority drill targets [10]. Financial and Operational Structure - The option agreement includes a 3-year earn-in structure, requiring cash payments, share issuances, and exploration expenditures totaling $4.5 million [12][14]. - The company will act as the operator of the project during the first year, charging a fee that increases from 10% to 12% in subsequent years [15]. - Upon successful completion of the option, the company will acquire a 75% equity interest in the property, with Standard Uranium retaining a 25% interest and a 2.5% net smelter returns royalty [16][17].

Core Insights - Blue Sky Uranium Corp. has initiated an exploration program in partnership with Ivana Minerales S.A. to target areas surrounding the Ivana deposit, which is part of the Amarillo Grande Project [1][3] - The company has completed an infill drilling program at the Ivana Deposit, totaling 4,959 meters across 328 holes, contributing to a pre-feasibility study [2][9] - A comprehensive Gap Analysis has been initiated to transition the Ivana Project from exploration to development stage, identifying necessary studies and permitting requirements [3][12] Exploration Program - The exploration program commenced with a 5 line-kilometre pole-dipole electrical tomography survey at the Ivana Gap target to identify potential drill targets [4][6] - The survey aims to delineate a mineralization corridor that is over 2.4 km long and 1 km wide, with previous drilling indicating significant mineral presence [4][5] Infill Drilling Program - The infill drilling program has increased the total drilling at the Ivana Deposit to 15,839 meters across 1,166 holes, enhancing geological understanding and resource categorization [2][9] - The drilling included grid drilling within mineralized areas and targeted high-grade uranium zones previously restricted by poor soil conditions [8][10] Gap Analysis - The Gap Analysis will assess various aspects including metallurgy, mine design, process engineering, and environmental considerations, led by M3 Engineering and Technology Corporation [11][12] - This analysis is expected to provide a structured roadmap for advancing the Ivana Project into pre-feasibility, identifying critical path activities and project risks [12] Company Overview - Blue Sky Uranium Corp. aims to advance its uranium deposits into low-cost producers while maintaining environmental and community standards [15] - The Amarillo Grande Project is positioned to be a significant supplier of uranium to both domestic and international markets [15][14]