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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].
Standard Uranium Closes Second Tranche of Private Placement and Announces LIFE Offering
Newsfile· 2025-09-24 11:30
Core Viewpoint - Standard Uranium Ltd. has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $484,000, and is planning a LIFE Offering to further enhance its capital for exploration projects [2][5][6]. Private Placement Offering - The second tranche involved the issuance of 1,550,000 non-flow-through units at $0.08 each, generating $124,000, and 3,600,000 flow-through units at $0.10 each, generating $360,000 [3]. - The total gross proceeds from both tranches of the Private Placement Offering amount to $1,320,100, with a total of 9,301,250 non-flow-through units and 5,760,000 flow-through units issued [5]. - The company plans to raise a total of $3,500,000 through the completion of additional tranches, with the final tranche expected to close before October 31, 2025 [5][9]. LIFE Offering - The company will offer up to 20,000,000 flow-through units under the Listed Issuer Financing Exemption, which will not be subject to a hold period [6]. - The net proceeds from both the Private Placement Offering and the LIFE Offering are intended for exploration of the company's uranium projects in Saskatchewan and for working capital purposes [8]. Company Overview - Standard Uranium is focused on uranium exploration in the Athabasca Basin, holding interests in over 233,455 acres (94,476 hectares) [10]. - The company's Davidson River Project is highly prospective for basement-hosted uranium deposits, with significant confidence in its exploration model due to recent drilling results [11]. - The eastern Athabasca projects and the Sun Dog project also show high potential for uranium deposits based on historical occurrences and geophysical anomalies [12][13].
F4 Appoints Erik Sehn as VP Exploration
Newsfile· 2025-09-24 08:30
Core Insights - F4 Uranium Corp. has promoted Erik Sehn to Vice President of Exploration, recognizing his extensive technical expertise and leadership qualities in uranium exploration [1][2][3] Company Overview - F4 Uranium is a Canadian uranium exploration company focused on the Athabasca Basin in northern Saskatchewan, with a portfolio of 17 wholly owned properties covering approximately 157,000 hectares [6] - The company aims to establish itself as an explorer and project generator, providing shareholders with early-stage exposure to uranium exploration opportunities [6] Leadership and Expertise - Erik Sehn has a proven track record in uranium exploration, having contributed to significant discoveries at F3's JR and Tetra Zones [2][3] - The company believes that Sehn's experience will be instrumental in unlocking value across its entire portfolio, particularly in underexplored areas like the Patterson Lake Area and the Eastern Athabasca Basin [2][3] Recent Developments - F4 Uranium has signed an option agreement with Stearman Resources to acquire a 70% interest in the Murphy Lake property, indicating a strategic move to enhance its exploration capabilities [2]
Stallion Uranium Appoints Peter Dembicki to Board of Directors, Initiates Haystack Intelligent Targeting Study
Globenewswire· 2025-09-22 11:30
VANCOUVER, British Columbia, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce the appointment of Mr. Peter Dembicki to its Board of Directors, bringing significant capital markets and governance expertise to the Company. In tandem with this strategic addition, Stallion has also initiated the Haystack Intelligent Targeting Study, leveraging cutting-edge AI technology to refine drill targeting across its large- ...
Standard Uranium Confirms Strong Radioactivity During Successful Exploration Program at the Corvo Uranium Project
Newsfile· 2025-09-22 11:30
Core Insights - Standard Uranium Ltd. has confirmed strong radioactivity during its exploration program at the Corvo Uranium Project, indicating high prospectivity for uranium mineralization [1][3][15] Exploration Results - The exploration program from July 4 to July 16, 2025, involved detailed mapping and sampling across historical uranium showings, confirming strong radioactivity at multiple sites [1][3] - Off-scale radioactivity was recorded at the Manhattan showing with measurements exceeding 65,535 counts per second (cps), alongside 112 occurrences of highly anomalous radioactivity up to 13,500 cps across the project [5][8][21] - New radioactive occurrences were discovered through scintillometer prospecting, indicating favorable rock types for uranium and Rare Earth Element (REE) mineralization [5][15] Geological Insights - Geological mapping confirmed the presence of deformed and hydrothermally altered basement lithologies, including metasedimentary, calc-silicate, and granitic rocks [5][15] - Historical drill holes indicated uranium mineralization along a strike length of 800 meters, with significant historical sample results reported [10][15] Future Exploration Plans - An extensive ground gravity survey is planned for Q4 2025 to identify density anomalies potentially representing hydrothermal alteration systems [5][12] - A diamond drill program is scheduled for Q1 2026 to test targets developed from the 2025 exploration programs [5][12] - The company is also conducting supplementary geophysical surveys to refine drill targets for the inaugural drill program [12][14] Project Context - The Corvo Project is strategically located near significant uranium mining operations, enhancing its potential for high-grade uranium discoveries [7][15] - The company holds interests in over 235,435 acres in the Athabasca Basin, known for its rich uranium deposits, positioning it favorably for future exploration and development [22]