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Standard Uranium Announces Closing of First Tranche of Private Placement
Newsfile· 2025-09-16 21:48
Core Viewpoint - Standard Uranium Ltd. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $836,100 [1]. Group 1: Private Placement Details - The company issued a total of 7,751,250 non-flow-through units (NFT Units) at a price of $0.08 per unit, generating gross proceeds of $620,100, and 2,160,000 flow-through units (FT Units) at a price of $0.10 per unit, generating gross proceeds of $216,000 [2]. - Each NFT Unit consists of one common share and one-half of a common share purchase warrant, while each FT Unit consists of one common share and one-half of a warrant [2]. - The warrants allow holders to purchase one common share at a price of $0.15 until September 16, 2027 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the company's uranium projects in Saskatchewan and for working capital [4]. - Proceeds from the sale of FT Units will specifically be used to incur Canadian exploration expenses and flow-through mining expenditures, with an effective renouncement date not later than December 31, 2025 [4]. Group 3: Additional Information - The company paid finders' fees of $33,275 and issued 393,450 non-transferable share purchase warrants to parties that assisted in the offering [3]. - A statutory hold period for all securities issued will last until January 17, 2026 [5]. - Certain officers and their affiliates participated in the offering, which is classified as a related party transaction [6]. Group 4: Company Overview - Standard Uranium is focused on uranium exploration and holds interests in over 233,455 acres (94,476 hectares) in the Athabasca Basin, Saskatchewan, which is known for its rich uranium deposits [8]. - The company's Davidson River Project spans 30,737 hectares and is considered highly prospective for basement-hosted uranium deposits [9]. - The eastern Athabasca projects cover over 42,384 hectares and are also deemed highly prospective based on historical occurrences and recent geophysical anomalies [10].
Stallion Uranium Announces Grant of Options
Globenewswire· 2025-09-12 11:30
Core Points - Stallion Uranium Corp. has granted a total of 3,100,000 stock options to directors, officers, and consultants under its stock option plan [1][2] - Each option is exercisable for one common share at an exercise price of $0.45 per share for a period of five years, with 50% vesting immediately and the remaining 50% vesting in six months [2] - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which contains the largest high-grade uranium deposits globally, and holds the largest contiguous project in the Western Athabasca Basin [3] Company Overview - Stallion Uranium's leadership team consists of experts in uranium and precious metals exploration, with significant capital markets experience [4] - The company aims to contribute to future energy needs through uranium exploration [3]
Generation Uranium Identifies 17 High-Priority Targets at Yath Uranium Project, Nunavut
Thenewswire· 2025-09-11 11:30
Core Insights - Generation Uranium Inc. has identified seventeen high-priority exploration targets at its 100%-owned Yath Uranium Project in Nunavut, indicating significant potential for new discoveries in a proven uranium belt [1][4][8] Company Overview - Generation Uranium Inc. is a Canadian uranium exploration company focused on advancing its Yath Uranium Project, strategically located in Nunavut's Angilak district, which is recognized as one of Canada's most active emerging uranium exploration camps [2][7] Exploration and Survey Details - The Yath Project covers a total area of 123 km² and has undergone a large-scale airborne Mobile MagnetoTellurics (MMT) survey, which included approximately 890 line-km of data collection at 150-meter spacing [4][5] - The survey was conducted in collaboration with a neighboring operator to achieve cost efficiencies and is expected to refine and prioritize drill-ready targets [4][5] Target Highlights - The identified targets include areas with significant radioactivity and historical high-grade uranium assays, such as: - VGR Trend, characterized by a 5-kilometer mineralized corridor with pervasive alteration and traceable radioactive structures [7] - Embryo Creek, with historical grab samples assaying up to 9.81% U₃O₈, indicating robust polymetallic potential [7] - Additional zones showing significant radioactivity, often exceeding 10,000 counts per second (cps) [7]
Nuclear Fuels Provides Closing Update on Transaction with Premier American Uranium Inc.
Prnewswire· 2025-08-29 20:15
Company Overview - Nuclear Fuels Inc. is a uranium exploration company focused on advancing early-stage, district-scale ISR amenable uranium projects towards production in the U.S. [2] - The company has consolidated the Kaycee district under single-company control for the first time since the early 1980s, positioning itself for significant growth supported by strong government backing [2] - The ongoing 2025 drill program follows successful drilling in 2023 and 2024, aiming to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes [2] - A strategic relationship with enCore Energy Corp. provides a "pathway to production," with enCore holding an equity interest and the right to back-in to 51% ownership in the flagship Kaycee Project located in Wyoming's Powder River Basin [2] Recent Developments - The company announced an extension of the closing date for the statutory plan of arrangement with Premier American Uranium Inc. to on or before September 10, 2025, due to delays in receiving approval from the TSX Venture Exchange [1]
Foremost Clean Energy Announces Positive Radon Survey Results on its Wolverine Uranium Property, Athabasca Basin, Saskatchewan
Globenewswire· 2025-08-27 13:00
Core Insights - Foremost Clean Energy Ltd. has announced positive results from a radon survey at the Wolverine Uranium Property, indicating potential subsurface uranium presence [1][2][4] - The survey identified elevated radon anomalies, suggesting a favorable geological setting for high-grade uranium mineralization [2][4][5] Radon Survey Results - A total of 893 data points were collected during the radon survey, which included both radon flux monitoring and a radon-in-water component [1] - Two significant radon anomalies were detected: one extending one kilometer northeast and another in the northeast portion of the grid, both remaining open along strike [4][8] - The radon flux values were ranked relative to the highest value collected, highlighting a pronounced NNE-trending radon anomaly that correlates with an interpreted structural feature [5] Geological Context - The Wolverine Property consists of three mineral claims totaling 12,444 acres (5,036 hectares) and has a history of uranium mineralization identified through previous drilling [6] - Historical drilling results include a notable intersection of 2,087 ppm U over 0.1 meters, indicating the property's potential for uranium exploration [6] Future Plans - The company plans to integrate the radon survey results with historical geophysical and drill data to refine high-priority drill targets for future exploration [2][9] - The technical team is focused on advancing the understanding of the Wolverine site to unlock its mineral potential systematically [2]
Standard Uranium Generates New High-Priority Uranium Targets at Flagship Davidson River Project Following Exosphere Multiphysics Surveys
Newsfile· 2025-08-21 11:00
Core Insights - Standard Uranium Ltd. has successfully completed ExoSphere Multiphysics surveys at its flagship Davidson River Project, identifying multiple high-priority uranium targets in the southwest Athabasca Basin [1][3][5] Exploration and Survey Results - The surveys utilized combined 3D Ambient Noise Tomography (ANT) and Horizontal-to-Vertical Spectral Ratio (HVSR) models, generating critical subsurface information for ongoing exploration [5][7] - Distinct gravity-low anomalies indicating potential hydrothermal alteration zones have been identified across the Warrior, Bronco, and Thunderbird corridors, coinciding with known electromagnetic conductors and extrapolated basement faults [5][8] - The new datasets from the Multiphysics surveys provide invaluable targeting information, enhancing the understanding of the geological framework in the area [3][7] Upcoming Drilling Program - A four-to-six-week diamond drilling program is scheduled to commence in early September 2025, marking the first drilling campaign since 2022 [5][10] - Drill targets will be prioritized based on previous drilling results, new ANT + HVSR + Gravity anomalies, and machine learning SmartMatch targets [11] Project Overview - The Davidson River Project consists of 10 contiguous mineral dispositions covering approximately 30,737 hectares and is located 25 to 30 km west of significant uranium deposits [14][27] - The project hosts four main conductive corridors associated with graphitic-sulphidic structures, which are commonly linked to high-grade uranium systems [15][16] Financial Update - The company is moving forward with a non-brokered private placement to raise gross proceeds of up to C$3,500,000, with an initial tranche expected to be completed shortly [19][20]
Baselode Announces Approval of Plan of Arrangement by Forum Shareholders, Updates on Merger
Newsfile· 2025-08-19 21:14
Core Viewpoint - Baselode Energy Corp. has announced the approval of a plan of arrangement by Forum Energy Metals shareholders, allowing Baselode to acquire all outstanding shares of Forum at a specified exchange ratio [1][2]. Group 1: Shareholder Approval - 97.57% of Forum shareholders voted in favor of the arrangement during the special meeting held on August 19, 2025 [2]. - The arrangement required at least two-thirds (66⅔%) approval from the votes cast by Forum shareholders present or represented by proxy [2]. Group 2: Next Steps - Forum will seek a final order from the Superior Court of British Columbia on August 22, 2025, to approve the arrangement [3]. - Completion of the arrangement is expected shortly after receiving the final order [3]. Group 3: Baselode's Future Plans - Baselode's Annual General and Special Meeting is scheduled for September 16, 2025, where it will seek shareholder approval to change its name to Geiger Energy Corporation [4]. - The company will also seek approval for a potential consolidation of its common shares on a basis of one post-consolidation share for every five outstanding pre-consolidation shares [4]. Group 4: Geiger Energy Metals - Geiger Energy Metals will focus on uranium exploration, particularly developing its 100%-owned Aberdeen and Hook projects located in Nunavut and Saskatchewan [5]. - Leadership will include Dr. Rebecca Hunter as CEO and Stephen Stewart as Chairman, with additional board appointments from Forum's current directors [6]. Group 5: Company Background - Forum Energy Metals is focused on discovering high-grade uranium deposits in the Athabasca Basin and Thelon Basin [7]. - Baselode controls approximately 226,128 hectares for exploration in the Athabasca Basin area, free of option agreements or underlying royalties [9]. Group 6: Exploration Focus - Baselode discovered the ACKIO uranium prospect, which measures over 375 meters along strike and is comprised of at least nine separate uranium pods [10]. - The exploration thesis emphasizes discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin, utilizing innovative geophysical methods [11].
Nuclear Fuels Announces Final Court Approval of Arrangement with Premier American Uranium
Prnewswire· 2025-08-19 11:00
Core Viewpoint - Nuclear Fuels Inc. is progressing with a statutory plan of arrangement with Premier American Uranium Inc., which has received final court approval, targeting completion by August 25, 2025 [1][2]. Group 1: Plan of Arrangement Details - The Supreme Court of British Columbia approved the Plan of Arrangement on August 18, 2025, allowing Premier American Uranium to acquire all outstanding common shares of Nuclear Fuels [1][3]. - Completion of the arrangement is contingent upon approval from the TSX Venture Exchange and other customary closing conditions [2]. - Following the arrangement, shares of Premier American Uranium will continue trading on the TSX Venture Exchange, while Nuclear Fuels will be de-listed from the Canadian Securities Exchange [4]. Group 2: Financial Advisory and Compensation - Nuclear Fuels engaged Canaccord Genuity Corp. as a financial advisor for the arrangement, compensating them with 648,414 common shares at a deemed price of $0.347 per share [5]. Group 3: Company Overview - Nuclear Fuels Inc. is focused on uranium exploration, advancing ISR amenable uranium projects in the U.S., and is well-positioned for growth due to strong government support [6]. - The company has consolidated the Kaycee district under single control for the first time since the early 1980s and is planning a 2025 drill program to expand historic resources across a 35-mile trend [6].
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
Globenewswire· 2025-08-13 23:16
Core Points - Nuclear Fuels Inc. and Premier American Uranium Inc. announced the approval of a statutory plan of arrangement by 95.08% of Nuclear Fuels shareholders [2][5] - Each Nuclear Fuels shareholder will receive 0.33 common shares of Premier American Uranium for each share held [3] - The completion of the plan is subject to final court approval and other customary closing conditions, with a target completion date around August 25, 2025 [4] Company Overview - Nuclear Fuels Inc. is focused on uranium exploration, advancing early-stage projects in the U.S. and is well-positioned for growth due to strong government support [6] - The company has consolidated the Kaycee district and is conducting a drill program to expand historic resources across a 35-mile trend [6] - Premier American Uranium Inc. aims to consolidate and develop uranium projects in the U.S., enhancing domestic energy security and supporting clean energy transitions [7] - Premier holds extensive land in key uranium-producing regions and is advancing its portfolio through active work programs [8]
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].