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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
Core Viewpoint - Nexus Uranium Corp. is initiating a non-brokered private placement offering to raise between $810,000 and $910,000 through the sale of units priced at $0.25 each, with the offering expected to close around November 7, 2025 [1][6]. Group 1: Offering Details - The offering consists of a minimum of 3,240,000 units and up to a maximum of 3,640,000 units, each unit comprising one common share and one transferable common share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at a price of $0.55 for 24 months after the offering closes, with restrictions on exercise until the 61st day post-closing [2]. Group 2: Use of Proceeds - The 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 and Compliance Information - The offering will be conducted under the listed issuer financing exemption in Canada, excluding Quebec, and the securities will not have resale restrictions for Canadian residents [4]. - The offering is subject to necessary approvals and compliance with Canadian Securities Exchange policies [6]. Group 4: Company Overview - Nexus Uranium is focused on uranium exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [7].
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]
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]