Uranium Exploration
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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].
Nexus Uranium Applauds U.S. Govt's Designation of Uranium as a Critical Mineral
Newsfile· 2025-11-12 11:00
Core Viewpoint - The U.S. Government's designation of uranium as a critical mineral highlights its essential role in energy security and the clean energy transition, strengthening the domestic uranium sector and enhancing Nexus Uranium's strategic position [1][2]. Industry Summary - The addition of uranium to the U.S. Geological Survey's Critical Minerals List is seen as a pivotal moment for the North American uranium sector, validating the strategic focus on advancing uranium projects [2]. - The Energy Act of 2020 allows for the designation of minerals as critical based on their strategic importance to U.S. defense and national security, with uranium being recognized for its vital role in nuclear energy and defense applications [2]. - The Federal Register emphasizes that critical minerals are essential for national security, economic stability, and supply chain resilience, and highlights the U.S. reliance on imports for certain minerals, which poses risks to national security and economic prosperity [3]. Company Summary - Nexus Uranium is a Canadian exploration company focused on uranium projects in the U.S., holding five projects in South Dakota, Wyoming, and Utah, as well as the Mann Lake project in Saskatchewan [4]. - Following a merger with Basin Uranium Corp., Nexus has consolidated advanced-stage uranium assets, positioning itself to benefit from the increasing demand for nuclear energy and domestic uranium production [5].
Skyharbour’s Partner Mustang Energy Corp. Announces Results of TDEM Survey Over the 914W Property
Globenewswire· 2025-11-06 13:00
Core Insights - Skyharbour Resources Ltd. announced that its partner Mustang Energy Corp. received positive results from a high-resolution HTDEM survey at the 914W Uranium Project, indicating a well-developed conductive zone favorable for uranium mineralization [1][4][5] Project Overview - The 914W Project covers 1,260 hectares and is located approximately 48 km southwest of Cameco's Key Lake Operation, with road access provided by Highway 914 [12] - The project is situated in a region known for its mineral potential, particularly for unconformity-type uranium mineralization [1][12] Survey Results - The HTDEM survey covered 136 line-km and successfully mapped electromagnetic, magnetic, and radiometric variations related to uranium-bearing structures [4] - Early-time channels showed strong EM responses indicating shallow conductive zones, which may represent graphitic horizons or fault-controlled alteration zones, key features for uranium exploration [5][6] - Inversion modeling indicated consistent conductive features from depths of 50 m to 350 m, with a strong conductive zone trending east-northeast across the property [6] Soil Sampling Program - A soil sampling program conducted in May 2025 collected 142 soil samples and 25 rock samples, focusing on areas with no outcrop exposure [7] - Although no significant discoveries were made, five soil samples from the southern portion of the grid exceeded 4 ppm U, indicating slightly elevated uranium values [8][9] Historical Context - The 914W Project has seen limited modern exploration despite its proximity to Highway 914 and prospective geology, with historical work dating back to 1968-1970 [13] - Previous prospecting in the area led to the discovery of significant uranium values, including up to 1,288 ppm U in drill holes [13] Company Background - Skyharbour Resources Ltd. holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [16] - The company is advancing its projects through exploration and drilling programs, aiming to maximize shareholder value through new mineral discoveries [20]
Nexus Uranium Engages MCS Market Communication Service for Online Marketing Services
Newsfile· 2025-11-05 23:00
Core Points - Nexus Uranium Corp. has engaged MCS Market Communication Services GmbH for a digital marketing campaign over an initial six-month term [1][2] - The service agreement was signed on November 3, 2025, and MCS is an independent digital marketing firm with no prior relationship with Nexus [2][4] - The marketing services will include digital campaign development, keyword research, campaign optimization, and online placements to enhance investor outreach [3][4] Financial Details - The initial budget for the marketing campaign is set at €500,000, which includes advertising spend and an 18% agency fee [4] - Additional compensation may be provided to MCS if the budget is increased during the term, subject to mutual agreement [4] Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector [5] - The company holds five uranium projects in the United States and one project in the Athabasca Basin of northern Saskatchewan, Canada [5]
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]