Core Viewpoint - Myriad Uranium Corp. and Rush Rare Metals Corp. have signed a letter of intent for a proposed merger, where Myriad will acquire 100% of Rush's outstanding shares, with a share exchange ratio of one Myriad share for every two Rush shares [1][2][3] Company Overview - Myriad Uranium Corp. is a uranium exploration company with a 75% interest in the Copper Mountain Uranium Project located in Wyoming, USA, which has historical uranium deposits and mines [5][6] - Rush Rare Metals Corp. is involved in the merger with Myriad, which aims to consolidate ownership of the Copper Mountain Project for enhanced value [2][3] Merger Details - Under the proposed arrangement, all of Rush's convertible securities will be converted to Myriad shares, and Rush will create a subsidiary, Rush Spinco, to hold its Boxi Property in Quebec [1][2] - The merger is expected to provide Rush shareholders with shares in both Myriad and Rush Spinco, allowing them to retain an interest in the Boxi property [3][4] Strategic Rationale - Both companies believe that unified ownership of the Copper Mountain Project will significantly increase its value and attract institutional investors [3] - Myriad's management emphasizes the historical investment and data supporting the potential of Copper Mountain as a district-scale uranium source for the U.S. [3][6] Conditions for Closing - The transaction is subject to several conditions, including mutual due diligence, execution of a definitive agreement, and approvals from Rush shareholders, the British Columbia Supreme Court, and the Canadian Securities Exchange [4]

VANCOUVER, BC, Aug. 6, 2025 /PRNewswire/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce the expansion of the principal target at the Corcovo Uranium Project, located in the Western Malargüe Mining District, Mendoza Province, Argentina. The Company has now reviewed and integrated data from an additional 104 historical oil & gas ("O&G") wells (part of a larger dataset) into its geological model. These new data build upon the previous interpr ...

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. have confirmed high-grade uranium mineralization at their joint venture Dorado project's Nova Discovery in Saskatchewan's Athabasca Basin [1][4][17] - Initial assay results from drill holes PG25-04 and PG25-05 show significant uranium grades, with PG25-05 returning 1.0 metre grading 2.2% U₃O₈, including 0.3 metres at 5.4% U₃O₈ [1][5][6] - The ongoing drilling program aims to further explore and extend the mineralized trend, with additional assays from PG25-07 expected soon [1][4][6] Summary by Sections Assay Results - PG25-04 returned 0.6 metres grading 1.0% U₃O₈, while PG25-05 returned 1.0 metre grading 2.2% U₃O₈, including a high-grade interval of 0.3 metres at 5.4% U₃O₈ [5][6] - PG25-07 is anticipated to provide further insights, having recorded the highest radioactivity readings to date [1][4][6] Drilling Program - The 2025 drill program focuses on the Q48, Q2, and Turaco target areas, with PG25-04 and PG25-05 being the initial drill holes [2][3][17] - Follow-up drilling is planned for winter to extend the mineralized trend northeast, leveraging frozen ground for access [6][18] Project Overview - The Dorado project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares of uranium exploration ground [17][25] - The project includes several former properties known for their potential for uranium deposition, underlain by favorable geological structures [17][25] Industry Context - The Athabasca Basin is recognized as one of the world's most significant uranium districts, with ongoing exploration efforts aimed at discovering high-grade uranium deposits [26][27] - IsoEnergy is advancing its Larocque East project, which hosts the world's highest-grade indicated uranium mineral resource, positioning the company for potential near-term production [25]

Core Insights - IsoEnergy and Purepoint announced high-grade uranium mineralization at the Nova Discovery in the Dorado project, with assay grades reaching up to 5.4% U3O8 from initial drill holes [1][3][6] - The results from drill holes PG25-04 and PG25-05 confirm the significance of the mineralization at the Q48 target, with PG25-05 returning 1.0 metre grading 2.2% U3O8, including 0.3 metres at 5.4% U3O8 [1][4][10] - Assays from PG25-07 are pending, which are expected to provide further insights into the mineralized system [1][3][6] Summary by Sections Assay Results - Initial assays from drill holes PG25-04 and PG25-05 confirmed high-grade uranium mineralization, with PG25-05 showing 1.0 metre at 2.2% U3O8 and PG25-04 showing 0.6 metres at 1.0% U3O8 [1][4][6] - The assay results validate the mineralization first intersected at Q48, which is hosted in a steeply dipping, brittle basement fault [6][10] Drilling Details - The Dorado project encompasses over 98,000 hectares of uranium exploration ground, including the former Turnor Lake, Geiger, Edge, and Full Moon properties [21][32] - The drilling program is designed to extend the mineralized trend northeast, with follow-up drilling planned for winter when ground conditions are favorable [6][22] Company Profiles - IsoEnergy is a globally diversified uranium company with significant resources in top mining jurisdictions and is advancing its Larocque East project in the Athabasca basin [32] - Purepoint Uranium Group focuses on uranium exploration in the Athabasca Basin and operates advanced projects in partnership with industry leaders [33][34]

Core Insights - Denison Mines Corp. has released a Preliminary Economic Assessment (PEA) for the In-Situ Recovery (ISR) mining of the Midwest Main uranium deposit, indicating a total production of 37.4 million pounds U3O8 over approximately 6 years, with an after-tax NPV of $965 million and an IRR of 82.7% [1][7][11] Project Overview - The Midwest project is a joint venture between Denison (25.17%) and Orano Canada (74.83), located 25 kilometers from the McClean Lake uranium mill [1][3] - The PEA highlights the potential for ISR mining to be a technically sound and economically robust method for uranium extraction, with low initial capital costs and high returns [5][6] Economic Metrics - The base-case post-tax NPV (8%) is $965 million, translating to Denison's share of approximately $243 million [7] - The pre-tax NPV (8%) is estimated at $1.62 billion, with a robust post-tax IRR of 82.7% and a payback period of approximately 9 months [11][36] - Estimated annual production is 6.1 million pounds U3O8, with total life-of-mine production of 37.4 million pounds U3O8 [7][22] Capital and Operating Costs - Initial capital costs are projected at $254 million, with Denison's share being approximately $64 million [7][31] - Average cash operating costs are estimated at $15.78 (USD$11.69) per pound U3O8, positioning the project among the lowest-cost uranium mining operations globally [9][33] Mineral Resource Estimate - The updated mineral resource estimate for the Midwest Main deposit includes 38.7 million pounds U3O8 in Indicated resources and 12.6 million pounds U3O8 in Inferred resources [14][15] - The effective date of the mineral resource estimate is December 2, 2024, and it reflects additional drilling activities since the previous estimate in 2018 [13][14] Mining Method and Infrastructure - The ISR mining method will utilize a three-phase development sequence over the projected 6-year mine life, optimizing NPV and capital efficiency [19][22] - The project will employ a freeze wall as a tertiary containment measure and will require a total of 676 ISR wells for complete coverage of the deposit [21][23] Processing and Environmental Considerations - Processing of uranium-bearing solution is assumed to occur at the McClean Lake mill, which has excess licensed processing capacity [24][25] - The ISR mining method is expected to reduce tailings and contaminant loading compared to conventional mining methods [26] Future Recommendations - The independent authors of the PEA recommend further evaluation and de-risking of the ISR mining method, including a potential Pre-Feasibility Study [39] - Additional work is suggested to focus on permeability characteristics, infrastructure designs, and cost verification [39]

Core Viewpoint - Stallion Uranium Corp. has announced a non-brokered private placement to raise up to $12 million through the issuance of flow-through and non-flow-through units at a price of $0.20 per unit, with the first tranche expected to close by August 15, 2025 [1] Group 1: Offering Details - The Offering consists of up to 60,000,000 units, including flow-through units (FT Units) and non-flow-through units (NFT Units) [1] - Each FT Unit includes one flow-through common share and one FT Warrant, allowing the purchase of an additional FT Share at $0.26 for 60 months [2] - Each NFT Unit consists of one non-flow-through common share and one NFT Warrant, permitting the purchase of an additional NFT Share at $0.26 for 60 months [3] Group 2: Use of Proceeds - Gross proceeds from FT Units will be allocated to exploration expenditures on resource claims in Saskatchewan, qualifying as "Canadian exploration expenses" [5] - Net proceeds from NFT Units will be directed towards exploration and development activities in the Athabasca Basin, as well as for working capital and general corporate purposes [5] Group 3: Regulatory and Approval Requirements - The Offering is subject to corporate and regulatory approvals, including the TSX Venture Exchange, and requires disinterested shareholder approval due to the creation of a new Control Person [6] - The Company plans to seek approval from disinterested shareholders holding over 50% of its common shares to approve the creation of the new Control Person [6] - Insiders will participate in the Offering, which is expected to be exempt from formal valuation and minority shareholder approval requirements [7] Group 4: Company Overview - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which contains the largest high-grade uranium deposits globally, covering approximately 1,700 square kilometers [10] - The Company holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [10]

Core Viewpoint - Forsys Metals Corp. has initiated a drill program at its Namibplaas uranium property, consisting of 64 drill holes over approximately 12,500 meters, following the fulfillment of all regulatory requirements [1][3]. Group 1: Drill Program Details - The drill program aims to infill and upgrade the existing Namibplaas mineral resource to the Measured and Indicated category and to explore down dip mineralization potential [3][5]. - A total of 44 drill holes, approximately 9,350 meters, are planned for Area B to support the upgrade of the currently classified Inferred resource [5][6]. - An additional 12 drill holes, around 1,915 meters, are designated for geotechnical drilling and geometallurgical sampling at Namibplaas [6]. Group 2: Resource Expansion Potential - The Namibplaas resource is currently defined on the historic radiometric Anomaly-B, while higher radiometric signatures are observed at Anomaly-A, approximately 2 km to the west, indicating potential for resource expansion [8][9]. - A reconnaissance drill program will test for uranium mineralization in fresh rock below 50 meters depth at Anomaly-A, which has shown significant potential for mineralization due to high scintillometer signatures [9][10]. Group 3: Project Ownership and Licensing - The Norasa Uranium Project, which includes both the Valencia and Namibplaas uranium deposits, is wholly owned by Valencia Uranium (Pty) Ltd., a subsidiary of Forsys Metals Corp. [4][15]. - The Valencia deposit is under a 25-year Mining Licence (ML-149) valid until 2033, while the Namibplaas deposit is under Exclusive Prospecting Licence (EPL-3638) [4].

Core Viewpoint - Uranium Energy Corp's Sweetwater Uranium Complex has been designated as a transparency project by the U.S. Federal Permitting Improvement Steering Council, highlighting its strategic importance in enhancing domestic uranium production and supporting national energy independence goals [3][4][5]. Group 1: Project Significance - Sweetwater's designation under the FAST-41 initiative aims to fast-track permitting processes for critical mineral projects, aligning with President Trump's Executive Order to boost American mineral production [3][4]. - The Sweetwater Complex is recognized as a key project for establishing reliable infrastructure and supporting nuclear fuel independence in the U.S. [5][6]. Group 2: Operational Capacity - The Sweetwater Processing Plant has a licensed capacity of 4.1 million pounds of U₃O₈ per year and will become the largest licensed uranium production facility in the U.S. with dual-feed capability upon completion of the ISR permitting initiative [6]. - The complex is anchored by a 3,000 ton per day conventional uranium mill, which is fully licensed and permitted by the State of Wyoming [6]. Group 3: Resource Base and Infrastructure - The Sweetwater Complex boasts over 175 million pounds of historic uranium resources and has a basin portfolio totaling approximately 108,000 acres [6]. - The project includes previously permitted mines such as Sweetwater, Big Eagle, and Jackpot, which are approved for conventional mining methods [6]. Group 4: Strategic Goals - The initiative aims to enable In-Situ Recovery (ISR) mining methods, which are considered a lower-impact approach to uranium extraction, thereby enhancing the sustainability of uranium production [5]. - The project is expected to significantly contribute to reducing U.S. reliance on foreign uranium sources, particularly from Russia and China, thereby strengthening national and economic security [5].

Core Viewpoint - Denison Mines Corp. has received Ministerial approval for the development of the In-Situ Recovery uranium mine at the Wheeler River Project, marking a significant milestone in the regulatory process for the project [1][2][3]. Company Summary - Denison Mines Corp. is focused on uranium mining, exploration, and development, particularly in the Athabasca Basin region of northern Saskatchewan, Canada [6][7]. - The company holds a 90% interest in the Wheeler River Project, which includes high-grade uranium deposits, and has been actively involved in the environmental assessment process since 2019 [4][5]. - Denison's other interests in Saskatchewan include a 22.5% stake in the McClean Lake Joint Venture and a 25.17% interest in the Midwest Joint Venture [6][7]. Industry Summary - Saskatchewan is recognized as the world's second-largest uranium producer and is seen as a favorable destination for mining investment due to its natural resources and regulatory environment [2]. - The province aims to enhance its energy sector and create job opportunities through sustainable mining practices, positioning Canada as an emerging energy superpower [2].

Core Insights - F3 Uranium Corp has reported significant results from the Tetra Zone, with the widest intervals of radioactivity to date on the Patterson Lake North Project, including 67.0m of composite radioactivity in drill hole PLN25-217 and 39.5m in PLN25-212 [1][2][14] Summary by Sections Exploration Results - Drill hole PLN25-217 intersected 67.0m of composite radioactivity between 299.5m and 414.5m, with 49.0m of continuous radioactivity between 347.5m and 396.5m [1][2] - Drill hole PLN25-212 intersected 39.5m of composite radioactivity between 330.0m and 409.5m, including 27.5m of continuous radioactivity between 360.5m and 396.5m [1][2] Company Commentary - Sam Hartmann, Vice President of Exploration, highlighted the unexpected substantial radioactive widths and the potential of the Tetra Zone, indicating a need for adaptations in the drill plan and deposit model generation [2][14] - The company plans to conduct a ground geophysical program to improve conductor modeling around the Tetra Zone, which may reduce the number of drill holes required for targeting [2][14] Project Overview - The Patterson Lake North Project spans 42,961 hectares and is located in the Athabasca Basin, near significant high-grade uranium deposits [14][16] - The project includes the JR Zone Uranium discovery and the newly identified Tetra Zone, which is positioned 13km south of the JR Zone [14][16]