Uranium Exploration
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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]
Nexus Executes Agreement to Acquire 100% Interest in Chord Uranium Project
Newsfile· 2025-12-02 11:00
Core Viewpoint - Nexus Uranium Corp. has executed an agreement to acquire a 100% interest in the Chord uranium project, enhancing its position in the uranium sector amid increasing demand for domestic uranium resources in the U.S. [1][3] Acquisition Details - The Chord Property consists of 3,640 wholly owned acres located in Fall River County, South Dakota, and contains inferred mineral resources of 2.75 million pounds of U₃O₈ at an average grade of 810 ppm [2][4] - The acquisition involves a total payment of US$100,000 in cash and the issuance of 250,000 common shares to the vendors, who will retain a 1.0% net smelter returns royalty on future production [4][5] Strategic Importance - The acquisition consolidates Nexus's land position in a historically productive uranium district, which is favorable for sandstone-hosted uranium mineralization [2] - The U.S. government's designation of uranium as a critical mineral underscores the importance of domestic uranium projects for energy security [3] Future Plans - Nexus plans to demonstrate the extension of mineralization south of the known October-Jinx mineralization and evaluate the potential for in-situ recovery (ISR) with an upcoming exploration and drilling program expected to start in early 2026 [2][3]
Foremost Clean Energy Receives 3-Year Exploration Permit and Announces Gravity Survey at Turkey Lake Uranium Project, Athabasca Basin, Saskatchewan
Globenewswire· 2025-12-01 13:00
Core Viewpoint - Foremost Clean Energy Ltd. has received a three-year exploration permit for its Turkey Lake Uranium Project, allowing for extensive exploration activities, including a ground-based gravity survey set to begin in December 2025, aimed at refining drill targets for a planned 2026 drilling program [1][2][3]. Exploration Permit and Project Overview - The Saskatchewan Ministry of Environment has issued a three-year exploration permit for the Turkey Lake Uranium Project, valid until December 31, 2028, permitting up to 75 drill holes and related exploration activities [1]. - The Turkey Lake Property spans 9,363 acres (3,789 hectares) and is strategically located along the eastern edge of the Athabasca Basin, featuring shallow unconformity depths of less than 50 meters and a 10-kilometer conductor system that remains largely untested [7][8]. Gravity Survey Details - A ground-based gravity survey will commence in December, consisting of approximately 1,312 stations collected at 100-meter intervals across a priority NE-trending conductive corridor [4][6]. - The survey aims to identify gravity lows associated with hydrothermal alteration and to map fault-controlled fluid pathways, enhancing the geological model for future drilling [6][13]. Historical Context and Mineralization - Historical exploration by Gulf Minerals, Cameco, and Denison between 1978 and 2010 has identified multiple zones of unconformity-associated uranium mineralization at Turkey Lake, including notable intercepts of 0.16% U₃O₈ over 0.6 meters and 0.12% U₃O₈ over 0.5 meters [3][12][8]. - The results from past drilling confirm a fertile uranium-bearing fluid system along the Turkey Lake conductive corridor, indicating significant basement potential that remains largely untested [8]. Future Plans - The results from the gravity survey will be integrated with existing datasets to prioritize drill targets for the projected 2026 drill program, focusing on both unconformity and basement-hosted uranium targets [13].
Standard Uranium Receives Drill Permits and Initiates Ground Gravity Survey on the Corvo Uranium Project
Newsfile· 2025-11-27 12:30
Core Insights - Standard Uranium Ltd. has received exploration permits for the Corvo Uranium Project and plans to initiate a ground gravity survey and drilling program in early 2026 [1][3]. Exploration and Survey Details - The company has contracted MWH Geo-Surveys to conduct a 50 m x 200 m ground gravity survey over 29 km, which will help identify density anomalies related to uranium mineralization [2]. - The gravity survey will consist of over 5,000 individual gravity measurement stations and is expected to refine target areas for drilling [2][4]. - A diamond drill program totaling approximately 3,000 meters is planned for winter 2026, marking the first drilling activity on the project in over 40 years [3]. Historical Findings and Assays - Previous outcrop grab samples from the Manhattan Showing returned uranium assays as high as 8.10% U3O8, indicating significant mineralization potential [3][7]. - The company identified zones of off-scale radioactivity and developed new drill targets based on previously undocumented radioactive occurrences [7]. Project Location and Potential - The Corvo Project is strategically located 60 km east of Cameco's McArthur River mine and 45 km northeast of Atha Energy's Gemini Mineralized Zone, suggesting a favorable geological setting for uranium exploration [8][9]. - The project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, similar to other successful deposits in the region [9]. Technical and Analytical Methods - Ongoing geophysical interpretation and modeling are being conducted to integrate historical and new data, which will aid in identifying high-priority drill targets [6]. - Samples collected for analysis are being processed at SRC Geoanalytical Laboratories, ensuring quality control and reliable results [11].
F3 Engages Connect 4 Marketing
Newsfile· 2025-11-26 21:39
Core Insights - F3 Uranium Corp. has entered into a digital marketing services agreement with Connect 4 Marketing Ltd. to enhance its marketing efforts in English and German markets [1][2] - The agreement spans 12 months starting November 28, 2025, with an option for extension [2] - The total cost of the agreement can reach up to $500,000 CAD, including an initial upfront payment of $100,000 CAD [3] Company Overview - F3 Uranium Corp. is focused on uranium exploration, particularly in the high-grade JR Zone of its Patterson Lake North Project located in the Western Athabasca Basin [5] - The company holds three properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach, which is known for hosting some of the world's largest high-grade uranium deposits [5]
Nexus Uranium Joins South Dakota Mineral Industries Association
Newsfile· 2025-11-25 11:00
Company Overview - Nexus Uranium Corp. has become a member of the South Dakota Mineral Industries Association (SDMIA), enhancing its position in the uranium sector in South Dakota [1][2] - The company controls two strategic uranium projects in South Dakota, positioning it as a significant stakeholder in the state's uranium development [2] Industry Context - The membership with SDMIA reflects the company's commitment to responsible mineral development and collaboration with industry partners, local communities, and policymakers [3] - This development occurs as the United States aims to strengthen its domestic critical mineral supply chains, with uranium being vital for energy security and the transition to clean energy [3] Additional Information - The SDMIA, established in 2022, advocates for safe, sustainable, and responsible mineral resource development in South Dakota [4] - Nexus Uranium holds five uranium projects across the United States, including locations in South Dakota, Wyoming, and Utah, and has a project in the Athabasca Basin of Canada [5] - Following a merger with Basin Uranium Corp., Nexus has consolidated advanced-stage uranium assets to meet the growing demand for nuclear energy and domestic uranium production [6]
Refined Energy Corp. to Amend Expiry Date of Warrants
Globenewswire· 2025-11-21 23:25
Core Points - Refined Energy Corp. has announced an extension of the expiry date for 2,585,835 outstanding common share purchase warrants by one year, moving the expiry from November 29, 2025, to November 29, 2026 [1][2] - The warrants were originally issued on November 29, 2021, as part of a private placement at a price of $0.12 per unit, with each unit consisting of one common share and one warrant exercisable at $0.15 until the original expiration date [2] - The company aims to provide warrant holders with an extended opportunity to exercise their warrants and participate in the company's ownership, while also allowing the company to receive proceeds from any warrant exercises [3] Warrant Details - The warrants are currently exercisable at $0.60 per share due to two consolidations of the company's securities that occurred on June 30, 2022, and February 15, 2024 [3] - The amendment is considered a "related party transaction" as two insiders hold a total of 35,833 warrants, with the CEO holding 21,250 and the CFO holding 14,583 [4] - The company is relying on exemptions from formal valuation and minority approval requirements due to the fair market value of the transaction being less than 25% of the company's market capitalization [4] Company Overview - Refined Energy Corp. is a Canadian exploration company focused on uranium and critical energy metal projects in tier-one jurisdictions, with projects located in Saskatchewan's Athabasca Basin region [5]
Skyharbour Consolidates 100% Interest in the Russell Lake Uranium Project
Globenewswire· 2025-11-17 04:00
Core Viewpoint - Skyharbour Resources Ltd. has entered into a definitive purchase agreement with Rio Tinto Exploration Canada Inc. to acquire RTEC's minority interest in the Russell Lake Uranium Project, consolidating its ownership to 100% [1][2][3] Transaction Details - Skyharbour will pay a total of C$10 million for the acquisition, consisting of a C$2 million deposit and an C$8 million closing payment expected by December 21, 2025 [2] - RTEC's interest in the Project prior to closing is approximately 42.3% [2] Project Overview - The Russell Lake Project spans 73,314 hectares and is strategically located in the Eastern Athabasca Basin, enhancing accessibility due to nearby infrastructure [4] - The acquisition will create a contiguous block of uranium claims totaling 109,019 hectares between Russell Lake and the Moore Uranium Project [4] - Notable exploration targets on the property include the Grayling Zone, M-Zone Extension, Little Man Lake, Christie Lake, Fox Lake Trail, and the newly identified Fork Zone [4] Company Background - Skyharbour holds a portfolio of uranium exploration projects covering over 616,000 hectares in the Athabasca Basin and is positioned to benefit from improving uranium market conditions [6] - The company has joint ventures with industry leaders and has signed earn-in option agreements totaling over $36 million in partner-funded exploration expenditures [7][8]
URZ3 Energy Corp. Extends Alphai News Corp. Agreement for Digital Media and Capital Markets Communications
Thenewswire· 2025-11-14 22:00
Core Viewpoint - URZ3 Energy Corp. has extended its agreement with Alphai News Corp. to enhance its digital media presence and investor engagement in the uranium energy sector [1][2]. Group 1: Agreement Details - The extension with Alphai will last for three months, starting immediately, with an option for further extension [3]. - URZ3 Energy Corp. will compensate Alphai with CDN$100,000 for their services [3]. - The agreement is subject to approval from the TSX Venture Exchange [3]. Group 2: Promotional Activities - Alphai will conduct targeted promotional activities on platforms including YouTube, Instagram, TikTok, and Twitter to raise awareness of URZ3 and its projects [2]. - The collaboration aims to strengthen the Company's online visibility and engagement with potential investors and shareholders [1][2]. Group 3: Company Background - URZ3 Energy Corp. is focused on uranium exploration, specifically in proven uranium districts in the United States [5]. - The Company's strategy is to discover and develop ISR-amenable uranium resources to meet the increasing demand for clean, carbon-free nuclear energy [5].
Cosa Announces Upsized C$7.5 Million Private Placement
Globenewswire· 2025-11-14 18:23
Core Viewpoint - Cosa Resources Corp. has announced an increase in the size of its private placement offering, aiming to raise up to approximately C$7,500,000 through the sale of various types of units and shares [1][4]. Group 1: Offering Details - The offering includes up to 11,538,462 hard dollar units at C$0.26 per unit, up to 7,537,690 charity flow-through units at C$0.398 per unit, and up to 5,000,000 flow-through common shares at C$0.30 per share [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, while each charity flow-through unit consists of one flow-through share and one-half of a warrant [2]. - The total gross proceeds from the offering are expected to be used for exploration and working capital, with specific allocations for Canadian exploration expenses related to uranium projects in the Athabasca Basin [4]. Group 2: Regulatory and Financial Aspects - The offering will be conducted under exemptions from registration requirements in Canada and the United States, with a hold period of four months plus one day for the issued shares [5][8]. - A cash commission of 5.0% will be paid to agents on the gross proceeds, with a reduced commission of 3.0% for certain purchasers on a president's list [7]. Group 3: Company Background and Strategic Initiatives - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [10]. - The company has a strategic collaboration with Denison Mines, enhancing its access to additional uranium exploration projects [11]. - Cosa's management team has a proven track record in uranium exploration, having received awards for significant discoveries in the region [12].