Uranium Exploration
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Nexus Uranium Announces Effective Date of Share Consolidation
Newsfile· 2025-10-16 21:00
Core Points - Nexus Uranium Corp. will undergo a share consolidation effective October 21, 2025, with a ratio of one post-consolidation share for every ten pre-consolidation shares [1][2] - The total number of issued and outstanding shares will decrease from approximately 72,963,884 to about 7,296,386 shares [2] - The consolidation will also proportionately adjust the exercise or conversion price and the number of shares issuable under the company's outstanding convertible securities [3] Shareholder Information - Registered shareholders with physical certificates will receive a letter of transmittal from Endeavor Trust Corporation for exchanging their existing certificates [4] - No action is required from registered shareholders holding shares in book-entry form or non-registered shareholders [4] - The company name and trading symbol will remain unchanged post-consolidation, with new CUSIP and ISIN numbers provided for the post-consolidation shares [5] Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector [6] - The company holds five uranium projects in the United States and one project in the Athabasca Basin of northern Saskatchewan, Canada [6]
Standard Uranium Confirms Strong Radioactivity at Surface During Successful Exploration Program at the Rocas Uranium Project
Newsfile· 2025-10-16 13:00
Core Insights - Standard Uranium Ltd. has confirmed strong radioactivity at the Rocas Uranium Project, validating historical uranium showings and indicating significant discovery potential [3][4][13] Exploration Program Highlights - The exploration program conducted from September 30 to October 8, 2025, involved detailed mapping and sampling, identifying multiple zones of strong radioactivity [1][5] - Handheld scintillometer measurements recorded several instances exceeding 10,000 counts per second (cps) at the surface, with a peak measurement of over 33,000 cps at SMDI showing 5781 [4][7] - A total of 16 grab samples have been submitted for geochemical analysis, confirming the presence of uraniferous outcrops and boulders [7][8] Geological Findings - Geological mapping confirmed the presence of deformed and hydrothermally altered basement lithologies along more than 7.5 kilometers of exploration strike length south of Key Lake [4][11] - The project area has been identified as favorable for uranium and Rare Earth Element (REE) mineralization, with previously undocumented radioactive anomalies discovered [4][12] Future Plans - A diamond drill program is planned for 2026 to test high-priority exploration targets identified through the current year's detailed exploration activities [4][10] - The company aims to explore shallow, high-grade basement-hosted uranium mineralization, with historical grab samples showing values ranging from 587 ppm U to 0.498 wt.% U3O8 [13][19]
Nexus Uranium Announces Proposed Share Consolidation
Newsfile· 2025-10-10 20:27
Core Viewpoint - Nexus Uranium Corp. plans to consolidate its common shares at a ratio of one new share for every ten existing shares, reducing the total from approximately 72.96 million to about 7.30 million shares post-consolidation [1][2]. Share Consolidation Details - The consolidation will eliminate fractional shares, rounding them to the nearest whole number, with shares less than half being canceled and those at least half being converted to one whole share [3]. - The exercise price and number of shares for any outstanding convertible securities will be adjusted according to the consolidation ratio [3]. Trading and Regulatory Aspects - Post-consolidation trading will commence on a date to be determined in consultation with the Canadian Securities Exchange (CSE), with further announcements to follow [4]. - The consolidation is subject to acceptance by the CSE and the receipt of new CUSIP and ISIN numbers [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 [5].
Standard Uranium Announces Expansion of Davidson River Drill Program and Provides Update on Private Placement and LIFE Offering
Newsfile· 2025-10-03 11:15
Core Viewpoint - Standard Uranium Ltd. is expanding its diamond drill program at the Davidson River project, aiming to complete 8,000 to 10,000 meters of drilling starting in May 2026, supported by recent financial backing from a private placement offering [1][3][5]. Drill Program Expansion - The drill program at Davidson River will now begin in spring 2026, allowing for a more efficient operation with two diamond drills under favorable weather conditions, which is expected to reduce costs per meter [5]. - New high-resolution 3D imaging has derisked target areas across the Warrior, Bronco, and Thunderbird corridors, providing critical information for the upcoming drilling [5][11]. - The company has secured all necessary drill permits and signed Exploration Agreements with the Clearwater River Dene Nation, with drilling planned for a four-to-six-week period in early spring 2026 [5][11]. Multiphysics Survey Results - Standard Uranium, in collaboration with Fleet Space Technologies, conducted the first Exosphere Multiphysics survey in the southwest Athabasca Uranium District, collecting critical geophysical data to refine drill targets [9][11]. - The survey results will be integrated with previous drilling data to enhance targeting for the upcoming drill program [11]. Private Placement and LIFE Offering - The company closed Tranche 3 of its non-brokered private placement, raising gross proceeds of $503,800 by issuing 6,297,500 non-flow-through units at a price of $0.08 each [16][17]. - To date, the total gross proceeds from the private placement offerings amount to $1,823,900, with plans to offer an additional 16,761,000 flow-through units for up to $1,676,100 [16][18]. - A separate LIFE Offering aims to raise up to $2,500,000 through the issuance of up to 25,000,000 flow-through units, which will not be subject to a hold period [19][21]. Project Overview - The Davidson River project spans 30,737 hectares in the southwest Athabasca Uranium District and is highly prospective for basement-hosted uranium deposits, located near significant uranium discoveries [8][25]. - The project has seen 16,561 meters of diamond drilling since 2020, which has refined the exploration strategy for high-grade uranium mineralization [12][15].
Foremost Clean Energy Announces 3-Year Drill Permit for Hatchet Uranium Project and Plans for Upcoming 3,000 Metre Winter Drill Program
Globenewswire· 2025-10-02 13:00
Core Insights - Foremost Clean Energy Ltd. has received a three-year exploration permit for its Hatchet Lake Uranium Project, allowing for up to 50 drill holes until December 28, 2028 [1][2] - The uranium industry is experiencing a significant supply-demand deficit, with projections indicating a need for new uranium discoveries to support the anticipated growth in nuclear power capacity [2] - The company plans a 3,000-metre drill program for winter 2025-2026, focusing on high-priority targets including the Tuning Fork discovery and areas identified by Denison Mines Corp. [3][5][6] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding options to earn up to 70% interest in 10 uranium properties in the Athabasca Basin, covering over 330,000 acres [9][11] - The company is committed to disciplined exploration aimed at discovering new uranium deposits, which are essential for the future clean energy economy [6][11] - In addition to uranium projects, Foremost has a portfolio of lithium projects across more than 55,000 acres in Manitoba and Quebec [12]
Standard Uranium Executes Definitive Agreement to Option Rocas Uranium Project and Initiates Inaugural Exploration Program
Newsfile· 2025-09-29 12:00
Core Insights - Standard Uranium Ltd. has signed a definitive property option agreement with Collective Metals Inc. for a 75% interest in the Rocas Uranium Project, which spans 4,002 hectares in the eastern Athabasca Basin [1][3][6] Project Highlights - The Rocas Project features over 7.5 kilometers of exploration strike length along a magnetic low trend, with shallow drill targets identified south of Key Lake [5][7] - 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 [5][7] - A high-resolution ground gravity survey completed in 2024 has highlighted potential alteration halos and high-priority exploration targets [5][11] Exploration Plans - The technical team will mobilize to the Rocas Project on September 30, 2025, to conduct detailed mapping, prospecting, and sampling to validate historical uranium occurrences [10][12] - Collected samples will be analyzed at the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon [10] - Ongoing geophysical interpretation and modeling throughout 2025 will integrate historical results with new datasets to identify high-priority drill targets [12] Financial Terms of the Option Agreement - The Optionee must complete cash payments, share issuances, and exploration expenditures over three years, totaling $250,000 in payments, $700,000 in shares, and $4,500,000 in exploration expenditures [16][19] - Upon successful completion of the obligations, the Optionee will acquire a 75% equity interest in the property, while Standard Uranium retains a 25% interest and a 2.5% net smelter returns royalty [19]
URZ3 Energy Initiates Exploration at Dry Fork Uranium Project (Wyoming)
Thenewswire· 2025-09-29 11:30
Core Insights - URZ3 Energy Corp. has initiated an exploration program at its Dry Fork Uranium Project in Wyoming, strategically located near significant uranium production areas [1][4] - The program aims to assess the potential for in-situ recovery (ISR) uranium and identify priority areas for exploration drilling [2][3] Exploration Program Details - The first phase will focus on known water springs to sample for uranium, while the second phase will utilize hand-held spectrometers to locate additional uranium-bearing springs and surface seeps [3] - A systematic ground grid will be employed during the spectrometer survey to refine exploration targets and guide future drilling plans [3] Strategic Importance - The Dry Fork program is seen as a critical step in advancing URZ3's uranium assets, with a focus on hydrogeological indicators to prioritize drill targets [4] - The company anticipates growth opportunities in Wyoming and the southwestern U.S. due to U.S. governmental incentives for uranium exploration and production [4] Government Support and Market Context - U.S. Secretary of Energy highlighted the need to strengthen the strategic uranium reserve to reduce foreign reliance and support nuclear energy growth [4] - The Strategic Uranium Reserve program has led to government purchases of one million pounds of U₃O₈ at prices above market levels, indicating federal commitment to domestic supply [4] Company Overview - URZ3 Energy Corp. is focused on uranium exploration in proven districts in the U.S., aiming to develop ISR-amenable uranium resources to meet the demand for clean nuclear energy [6]
Nexus Uranium Provides U.S. Permitting Update for the Chord Project, South Dakota
Newsfile· 2025-09-25 12:00
Core Viewpoint - Nexus Uranium Corp. is advancing the permitting process for the Chord Uranium Project in South Dakota through both state and federal pathways, aiming for efficient execution of drilling programs upon receiving approvals [1][2][3]. State (Section 36) Permitting - The Exploration Notice of Intent (EXNI) application for state lands has progressed through reviews and consultations, with a Board of Minerals & Environment hearing scheduled for January 2026 [2]. - The state authorization will be issued post-hearing, subject to conditions and bonding requirements [2]. Federal (USFS) Permitting - The Plan of Operations for the federal lands was accepted on November 27, 2024, and a Memorandum of Understanding (MOU) with the U.S. Forest Service (USFS) was executed on July 15, 2025 [3]. - Public scoping for the federal process is expected to begin in October 2025, with a proposed program involving up to 17 drill holes and a maximum hole depth of approximately 700 feet [3]. Chord Project Overview - The Chord Project encompasses approximately 3,640 contiguous acres in the southern Black Hills, combining unpatented lode claims and a state mineral lease [4]. - The project is located near enCore Energy's Dewey Burdock ISR uranium project, which has recently received regulatory approvals, potentially benefiting regional development [4][6]. Other Corporate Updates - Nexus completed the acquisition of Basin Uranium Corp. on September 16, 2025, consolidating its U.S. portfolio and continuing permitting efforts at the Chord Project [7]. - An updated NI 43-101 technical report for the Chord Project was filed on September 19, 2025, and is available on the company's SEDAR+ profile [7].
Terra Clean Energy Secures Utah Uranium Exploration Deals
Yahoo Finance· 2025-09-25 00:44
Core Viewpoint - Terra Clean Energy Corp. has finalized agreements to acquire full interests in uranium claims in Utah, enhancing its North American uranium asset portfolio [1][2]. Company Summary - The Canadian explorer will undertake staged cash, equity, and exploration commitments over five years to earn interests in the Wheal Anne and Green Vein Mesa properties [2]. - For Wheal Anne, full ownership can be secured through payments of approximately $233,332 in cash, 2.5 million shares, and $233,333 in exploration expenditures [2]. - Green Vein Mesa requires about $116,668 in cash, 1.25 million shares, and $103,336 in work commitments [2]. - CEO Greg Cameron emphasized the swift execution of agreements, indicating a commitment to expanding the U.S. presence, with field teams set to mobilize in Utah soon [3]. Industry Summary - The agreements are subject to regulatory approvals, including clearance from the Canadian Securities Exchange, with all issued securities carrying a four-month hold [4]. - The uranium exploration sector is experiencing intensified activity across North America, driven by supply security and decarbonization goals, with renewed investor interest [5]. - Utah is witnessing a resurgence in exploration activity due to rising spot prices and policy support for domestic nuclear fuel supply [5].
Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on the San Rafael Swell, Utah, United States
Thenewswire· 2025-09-24 12:30
Core Viewpoint - Terra Clean Energy Corp has entered into definitive agreements to acquire up to a 100% interest in the Wheel Anne Claims and the Green Vein Mesa Claims located in Emery County, Utah, demonstrating the company's commitment to expanding its portfolio of low-risk uranium assets [1][2]. Acquisition Details - For the Wheel Anne Claims, the company will make cash payments totaling USD$260,000, issue 2,500,000 common shares, and incur exploration expenditures of USD$200,000 over five years to earn a 100% interest [3]. - The Green Vein Mesa Claims will require cash payments of USD$136,667, issuance of 1,250,000 common shares, and exploration expenditures of USD$66,667 over five years to earn a 100% interest [5]. Royalty Agreements - The vendors of the Wheel Anne Claims will retain a 2% net royalty, with Terra Clean having the option to purchase 50% of this royalty for USD$666,666 [3]. - Similarly, the vendors of the Green Vein Mesa Claims will retain a 2% net royalty, with Terra Clean having the option to purchase 50% of this royalty for USD$333,334 [5]. Regulatory Approvals - The agreements are subject to the receipt of all regulatory approvals, including those from the Canadian Securities Exchange, with the "Effective Date" being the date all such approvals are received [6]. Marketing Initiatives - Terra Clean has engaged Green Crescent Capital for marketing services, with a one-time fee of USD$5,000 for a one-month term [8]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500 [9]. Company Overview - Terra Clean Energy is a Canadian-based uranium exploration and development company, currently developing the South Falcon East uranium project in Saskatchewan and past-producing uranium mines in Emery County, Utah [10].