Uranium Exploration
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Generation Uranium discusses VGR Trend, a high priority target for high-grade Athabasca Basin style mineralization
Thenewswire· 2025-11-03 12:30
Core Insights - Generation Uranium Inc. has confirmed the VGR Trend as a highly prospective target for high-grade uranium mineralization outside the Athabasca Basin, located within the Yathkyed sub-basin on the Yath Property [1][5] Geological Insights - The VGR Trend spans over 5 kilometers along a reactivated basement fault and shows characteristics of a world-class uranium system [2] - In the 2012 field season, 15 Reverse Circulation (RC) holes were drilled totaling 2,595 meters, with an average depth of 200 meters [2] - Seven of the 2012 RC drill holes returned elevated radioactivity, with historic surface prospecting showing readings up to 15,000 counts per second (cps) and uranium assays reaching 3.75% U₃O₈ [3] - Geological modeling indicates that the unconformity may lie at depths of 400 meters, suggesting that the most prospective zone for high-grade uranium has yet to be intersected [3] Future Exploration Plans - The company believes diamond drilling is necessary to fully evaluate the VGR Trend and unlock the deeper potential of the unconformity zone, with drill permits already submitted for the Yath project [4] - Generation plans to utilize higher energy seismic reflection methods for deeper imaging of targets, as previous methods were only moderately successful [4] Exploration Potential - The company has identified seventeen exploration areas of interest across the Yath property, indicating a broader uranium system that could position the region as Canada's next major uranium district [5] - Key geological indicators include conductive fault zones, strong gravity anomalies, steeply-dipping carbonate/hematite veins, and radioactive boulders traceable over 3 kilometers [6] Corporate Actions - The company has granted a total of 800,000 stock options to certain directors, officers, and consultants, each exercisable at a price of $0.09 per share for two years [7]
Nexus Uranium Closes Fully Subscribed Private Placement of Units
Newsfile· 2025-10-31 23:05
Core Points - Nexus Uranium Corp. has successfully closed a non-brokered private placement offering, issuing 3,640,000 units at a price of $0.25 per unit, resulting in total gross proceeds of $910,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.55 until October 31, 2027 [2] - The warrants will not be exercisable until December 31, 2025, which is 61 days after the offering's closing [2] - The company issued 212,800 finder's warrants, which are also exercisable into common shares at $0.55 per share until October 31, 2027 [3] Group 2: Use of Proceeds - Proceeds from the offering will be allocated for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital, and general corporate purposes [3] Group 3: Regulatory Compliance - The units were issued under the listed issuer financing exemption, and securities issued to Canadian residents are not subject to resale restrictions [4] Group 4: Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [6]
Cosa Resources Corp Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto
Newsfile· 2025-10-31 11:30
Core Insights - Cosa Resources Corp will participate in Red Cloud's Fall Mining Showcase 2025, inviting shareholders and interested parties to learn about the company's latest developments [1][2] - The conference will take place on November 4 & 5, 2025, at the Sheraton Centre Toronto Hotel, featuring presentations from various industry leaders [2] - Cosa Resources is focused on uranium exploration in northern Saskatchewan, with a portfolio of approximately 237,000 hectares across multiple projects in the Athabasca Basin [3] Company Developments - In January 2025, Cosa entered a strategic collaboration with Denison Mines, enhancing access to additional uranium exploration projects in eastern Athabasca [4] - Denison Mines is the largest shareholder of Cosa, benefiting from the potential exploration success and project pipeline of Cosa [4] - Cosa's management team has a proven track record, having received the AME Colin Spence Award for the discovery of the Hurricane uranium deposit in 2022 [4] Future Plans - The company plans to focus on drilling at the Darby and Murphy Lake North projects throughout 2026, both of which are joint ventures with Denison [5] - Drilling at Darby will target priority areas identified through historical data analysis, focusing on anomalous uranium and historical mineralization [5] - At Murphy Lake North, drilling will follow up on 2025 results that showed broad zones of structurally controlled alteration over approximately 2 kilometers [5]
Foremost Clean Energy Reports Significant Increase in Uranium Grade from Assays Received for Recent Discovery at its Hatchet Lake Project
Globenewswire· 2025-10-29 13:00
Core Insights - Foremost Clean Energy Ltd. has reported final geochemical assay results from its successful 2025 winter drill program at the Hatchet Lake Uranium Property, indicating a significant increase in uranium mineralization grades [1][3][6] Summary by Sections Discovery and Results - The discovery at the Tuning Fork target is a major milestone, resulting from a strategic relationship with Denison Mines Corp. The highlight drill hole TF-25-16 revealed a 6.2-meter zone of mineralization, with a notable 0.45-meter interval showing nearly 1% U3O8 [3][4] - Assay results from TF-25-16 confirmed a significant increase in U3O8 grades, with 0.87% U3O8 over 0.45 meters, compared to a previous estimate of 0.22% over 0.9 meters [6][12] - The total mineralization from TF-25-16 was reported as 6.2 meters with a grade of 0.10% U3O8, indicating potential proximity to a larger mineralizing system [6][8] Follow-up Drilling - Follow-up drill holes TF-25-17 and TF-25-18 showed strong hydrothermal alteration, suggesting the presence of a larger mineralized system [9] - Drill holes TF-25-13 and TF-25-14 encountered uranium anomalies, with TF-25-13 returning 2.5 meters of 0.03% U3O8 [10] Future Plans - The company is integrating new geochemical and structural data to refine exploration strategies and is planning a ground gravity survey for winter 2025-2026 to identify potential hydrothermal alteration anomalies [21][22] - A 2026 winter drill program is being developed to follow up on the successful results from the 2025 drilling [22] Company Overview - Foremost Clean Energy Ltd. is a growing North American uranium and lithium exploration company, holding an option to earn up to 70% interest in 10 uranium properties in the Athabasca Basin region [28][29]
Standard Uranium Closes Final Tranche of Private Placement
Newsfile· 2025-10-29 11:30
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has closed the final tranche (the "Final Tranche") of its non-brokered private placement (the "Offering") for gross proceeds of $1,513,500. When combined with earlier tranches, the Company has raised gross proceeds of $3,337,400 in connection with the Offering through the issuance of 15,598,750 non-flow-through ...
Generation Uranium Expands Yath Project with Strategic Property Acquisition
Thenewswire· 2025-10-28 11:30
Core Insights - Generation Uranium Inc. has acquired the Yath Extension Property, enhancing its presence in the Angilak Uranium District of Nunavut [1][2] - The acquisition adds 4,123.94 hectares, bringing the total size of the Yath Project to approximately 18,214.87 hectares [2] - The Yath Extension property is underlain by Archean basement rocks known for uranium-copper mineralization, with historical evidence of high-grade mineralized shears and fractures [3] Geological Highlights - The Yath Extension property features quartz-vein stockworks and brecciated zones, indicating potential for high-grade mineralization [3] - Significant mineralization includes calcite, pitchblende, hematite, pyrite, and chalcopyrite, with notable samples showing 0.188% U₃O₈ and 0.52% U₃O₈ [7] - A float sample exhibited a sodium-rich alteration signature, indicating further exploration potential [7] Strategic Significance - The acquisition strengthens Generation's control over key structural corridors in the Yath Basin, aligning with its goal to advance high-priority exploration targets [6] - CEO Chris Huggins emphasized that the acquisition expands the Yath Project and enhances the company's strategic position within Nunavut's uranium belt [7] Transaction Summary - The vendors will receive 20,000,000 common shares and a cash payment of $60,000 upon closing, along with a 2% Net Smelter Return royalty [12] - The completion of the transaction is subject to TSX Venture Exchange approval and applicable resale restrictions [12] Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project in Nunavut's Angilak district [9] - The company is positioned to contribute to the future supply of clean nuclear energy through its robust pipeline of high-priority exploration targets [9]
F4 Defines Drill Targets with Airborne MT Survey on the Cree Bay Property
Newsfile· 2025-10-27 09:00
Core Viewpoint - F4 Uranium Corp has announced the results of an airborne Mobile MagnetoTellurics (MT) survey over the Cree Bay Project, revealing a significant resistivity-low zone that indicates potential areas for uranium exploration [1][2][3]. Group 1: Survey Results and Implications - The Mobile MT survey, completed in September 2025, aimed to provide an updated geophysical overview and assist in defining new exploration target areas [2]. - The survey identified a broad resistivity-low zone through the property, which aligns with a structural offset inferred from previous drilling in 2019 [1][2]. - The resistivity-low zone, combined with ground data from 2022, will help refine drill targets and define additional areas for future exploration [3]. Group 2: Project Background and Location - The Cree Bay property is 100% owned by F4 Uranium and consists of 16 mineral claims covering 14,080 hectares, located 20 km south of Stony Rapids in the Athabasca Basin [6]. - The property is situated along the Virgin River Conductive Corridor and is approximately 10 km southeast of Orano and Geiger Energy's Fir Island property [6]. Group 3: Exploration Strategy and Team Expertise - F4's technical team has a proven track record in uranium exploration within the Athabasca Basin, having been involved in four major uranium discoveries, including two in the last three years [4]. - The company plans to integrate the new survey results with existing data to identify strong target areas for uranium deposits at Cree Bay [4].
Generation Uranium Provides Clarification On Closing Of Second And Final Tranche Of Private Placement
Thenewswire· 2025-10-24 22:00
Core Points - Generation Uranium Inc. has clarified its previous announcement regarding the closing of the second and final tranche of its non-brokered private placement [1] - The total Offering raised aggregate gross proceeds of $687,500 by issuing 13,750,000 units at a price of $0.05 per unit [3] Offering Details - The first tranche included a finder's fee of $1,200 and 24,000 broker warrants paid to Haywood Securities Inc. [2] - For the second tranche, a finder's fee of $4,400 and 176,000 broker warrants were paid to Ventum Financial Corp. [2] - Each broker warrant is exercisable into one common share at a price of $0.10 per share, expiring two years from issuance [2] Use of Proceeds - Proceeds from the Offering will be allocated for general working capital and corporate purposes [4] Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project located in Nunavut's Angilak district [5] - The company is positioned to contribute to the future supply of clean nuclear energy through its exploration targets and proven uranium-bearing corridors [5]
Nexus Uranium Announces Private Placement of Units
Newsfile· 2025-10-22 19:40
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") for total gross proceeds of a minimum of $810,000 and up to a maximum of $910,000, consisting of a minimum of 3,240,000 units of the Company (each, a "Unit") up to a maximum of 3,640,000 Units at a price of $0.25 per Unit.Each Unit will consist of one common share in the capit ...
Standard Uranium Confirms High-Grade Uranium Mineralization up to 8.10% U3O8 at Surface on the Corvo Project
Newsfile· 2025-10-20 11:30
Core Insights - Standard Uranium Ltd. has confirmed high-grade uranium mineralization at the Corvo Project, with assay results showing uranium grades ranging from 0.72% to 8.10% U3O8 at the Manhattan Showing [1][5][4] Exploration and Results - The exploration program conducted from July 4 to July 16, 2025, involved detailed mapping and sampling across historical uranium showings, confirming high-grade surface mineralization [2][5] - A total of 30 outcrop and boulder grab samples were analyzed, with results indicating significant uranium and Rare Earth Element (REE) mineralization [7][8] Future Plans - The company plans to conduct a ground gravity survey in December 2025 to identify density anomalies that may indicate hydrothermal alteration systems, followed by a diamond drill program in Q1 2026 [5][11] - Ongoing geophysical interpretation and modeling will integrate historical surveys with new data to establish high-priority drill targets [13][14] Project Context - The Corvo Project is located near significant uranium mining operations, including Cameco's McArthur River mine and Atha Energy's Gemini Mineralized Zone, indicating a favorable geological setting for uranium exploration [9][14] - The company believes the project is highly prospective for discovering shallow, high-grade basement-hosted uranium mineralization similar to other successful deposits in the region [14][23]