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Foremost Clean Energy Announces 3-Year Exploration Drill Permit for CLK Uranium Property Showcasing Exploration Pipeline
Globenewswire· 2025-06-10 12:30
Core Viewpoint - Foremost Clean Energy Ltd. has received a three-year exploration permit for the CLK Property in the Athabasca Basin, allowing for extensive mineral exploration activities until December 31, 2027 [1][2][3] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company with a focus on the Athabasca Basin, holding an option to earn up to a 70% interest in 10 uranium properties covering over 330,000 acres [9] - The company is positioned to benefit from the growing demand for carbon-free energy, with its uranium projects at various stages of exploration [9] Exploration Plans - The company plans a fully-funded exploration program for the CLK Property, anticipated to begin in Q3 2025, following the results of a recently completed MobileMT geophysical survey [1][6] - The exploration will include drilling up to 30 holes and testing high-priority targets, particularly the CLG-D1 drill hole, which previously intersected 8,600 ppm uranium [2][5] Historical Context - Previous drilling at CLK in 1997 and 2000 resulted in significant uranium mineralization, with drill hole CLG-D1 returning 1.01% U3O8 and CLG-D5 returning 0.06% U3O8 [4][5] - The CLK Property is strategically located within the Snowbird Tectonic Zone, known for hosting several uranium occurrences [3]
Standard Uranium Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project, Eastern Athabasca Basin
Newsfile· 2025-06-05 11:30
Core Viewpoint - Standard Uranium Ltd. has contracted Axiom Exploration Group to complete a NI 43-101 Technical Report on the Corvo Uranium Project, which is expected to provide a comprehensive update and valuable insights for future exploration programs [1][3]. Group 1: Project Overview - The Corvo Uranium Project is located along the eastern margin of the Athabasca Basin in northern Saskatchewan, Canada, and is currently under a three-year earn-in option agreement with Aventis Energy Inc. [1]. - The report will compile historical data, newly acquired TDEM data, and sampling information from 2025 programs to guide future exploration efforts [3]. Group 2: Historical Data and Mineralization - Historical drill holes at Corvo have intersected multiple intervals of uranium mineralization, with notable results including 0.116% U3O8 over 1.05 meters and 0.065% U3O8 over 0.15 meters [4]. - High-grade uranium has been recorded at surface showings, such as the Manhattan showing with grades ranging from 1.19% to 5.98% U3O8 and the SMDI showing 2052 with 0.137% U3O8 and 2,300 ppm Th [4][6]. Group 3: Future Exploration Plans - The company is preparing for its first ground-truth exploration program on Corvo in the summer of 2025, indicating a proactive approach to advancing the project [5]. - The Corvo Project is considered highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization, similar to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone [6].
Premier American Uranium to Acquire Nuclear Fuels, Creating One of America's Largest Pure-Play Uranium Explorers
Globenewswire· 2025-06-05 11:00
TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. ("PUR" or "Premier American Uranium") (TSXV: PUR, OTCQB: PAUIF) and Nuclear Fuels Inc. ("NF" or "Nuclear Fuels") (CSE: NF, OTCQX: NFUNF) are pleased to announce that they have entered into an arm's length definitive agreement (the "Arrangement Agreement") dated June 4, 2025, pursuant to which Premier American Uranium has agreed to acquire all of the issued and outstanding common shares of Nuclear Fuels (the "NF Shares") by way of a cou ...
Cosa Commences Airborne Geophysical Surveys at the Cosmo and Orion Uranium Projects, Athabasca Basin, Saskatchewan
Newsfile· 2025-06-04 12:00
Core Viewpoint - Cosa Resources Corp. has initiated airborne geophysical surveys at its 100% owned Cosmo and Orion uranium projects in the Athabasca Basin, Saskatchewan, utilizing Geotech's Z-Axis Tipper Electromagnetic system for comprehensive coverage [1][3]. Group 1: Survey Details - Cosa has contracted Geotech Ltd. to conduct 618 line-kilometres of ZTEM surveying at the Cosmo and Orion projects, which is recognized for its high accuracy and resolution in measuring a wide range of frequencies [3]. - The primary goal of the survey is to identify basement conductive zones similar to those found in tier-1 Athabasca uranium deposits, as well as to map anomalous conductivity zones in the sandstone that may indicate hydrothermal alteration [4][5]. Group 2: Project Descriptions - The Cosmo Project spans 10,145 hectares and is strategically located near significant uranium deposits, covering 18 kilometres of magnetic low strike length, with no prior ZTEM coverage [6][9]. - The Orion Project, covering 20,255 hectares, is located near the Cigar Lake uranium mine and has been expanded since its acquisition in 2022, with a focus on the underexplored Larocque Lake Trend [10][11]. Group 3: Future Plans - Results from the current survey will inform follow-up work, including potential Ambient Noise Tomography (ANT) surveying and ground-based electromagnetic (EM) methods, prioritizing the most promising areas for drilling [5][8]. - Cosa's ongoing focus includes drilling at the Murphy Lake North Joint Venture, which is located near the Hurricane deposit, with initial drilling having already intersected significant hydrothermal alteration [21].
CEO.CA's Inside the Boardroom: Inside Mustang's Big Bet On Uranium And Critical Minerals
Newsfile· 2025-05-28 20:14
Group 1 - CEO.CA is a leading investor social network focused on venture stocks, providing exclusive updates and insights from CEOs and executives globally [1][2] - Founded in 2012, CEO.CA is a wholly owned subsidiary of EarthLabs, Inc., and is recognized as one of the most popular free financial websites and apps in Canada, attracting millions of users annually [2][6] - The platform facilitates connections among investors, enabling them to share knowledge and discuss impactful stories related to stocks, commodities, and emerging companies [2][6] Group 2 - Mustang Energy Corp. has made a significant move in the uranium sector by acquiring Nucleus Uranium, adding over 18,000 hectares to its portfolio [4] - The CEO of Mustang Energy, Nicholas Luksha, discusses the strategic implications of this acquisition and the current state of the uranium market in an exclusive interview [4] - The interview series 'Inside the Boardroom' aims to provide insights from industry leaders, focusing on their vision, challenges, and strategies [3][5]
Cosa Reports ANT Survey Results from the Ursa and Orion Uranium Projects, Athabasca Basin, Saskatchewan
Newsfile· 2025-05-28 12:00
Core Insights - Cosa Resources Corp. has reported positive results from ambient noise tomography (ANT) surveys at its Ursa and Orion uranium projects in the Athabasca Basin, Saskatchewan, indicating strong potential for uranium mineralization [1][3][4] Summary by Sections Project Overview - Cosa Resources holds 100% ownership of the Ursa and Orion uranium projects, which are located in the Athabasca Basin, a region known for its uranium deposits [1][3] ANT Survey Results - The ANT surveys have successfully identified high-priority target areas at both Ursa and Orion, demonstrating the effectiveness of modern geophysical methods in generating lower-risk drill targets compared to traditional electromagnetic surveys [3][4][8] - At Ursa, two significant target areas have been highlighted along a mineralized trend, with the U1 anomaly showing over 100 meters of continuous sandstone alteration and increased uranium content [5][6][8] - The U2 anomaly, approximately 2 kilometers long, is located above a conductive trend and has historical drilling results indicating uranium enrichment [9] Target Areas - At Orion, three priority target areas (O1, O2, O3) have been identified, characterized by low velocity anomalies that suggest potential uranium-bearing hydrothermal systems [10][11][12][13] - Target O1 measures approximately 1,700 by 800 meters, while O2 and O3 measure approximately 1,800 by 900 meters and 1,600 by 700 meters, respectively [11][12][13] Next Steps - The company plans to conduct ground EM surveying at Ursa to refine targets before follow-up diamond drilling, while at Orion, a reinterpretation of historical surveys will be undertaken to finalize drill targets [14] - Cosa's immediate focus includes an expanded summer drill program at the Murphy Lake North Joint Venture, which is expected to follow up on promising results from winter 2025 drilling [14][15] Company Background - Cosa Resources operates in northern Saskatchewan, with a portfolio of approximately 237,000 hectares across multiple projects, most of which are underexplored and located within established uranium corridors [20] - In January 2025, the company entered a strategic collaboration with Denison Mines, enhancing its access to additional prospective uranium exploration projects [21] - The management team has a proven track record in uranium exploration, having previously contributed to significant discoveries in the region [22]
Foremost Clean Energy Successfully Regains Compliance with Nasdaq Minimum Bid Price Requirement Supported by Significant Trading Volume and +260% Increase in Share Price
Globenewswire· 2025-05-27 13:00
Core Viewpoint - Foremost Clean Energy Ltd. has regained compliance with Nasdaq Listing Rule 5550(a)(2), reflecting strong market sentiment and investor confidence in the company's business strategy, as evidenced by a 264% increase in share price from US$0.71 to US$2.60 within a short period [1][2][3]. Company Overview - Foremost Clean Energy Ltd. is an emerging North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [6][7]. - The company is strategically positioned to benefit from the growing demand for carbon-free energy, with its uranium projects at various stages of exploration [7][8]. Market Context - The recent executive orders by President Trump on May 23, 2025, emphasize the strategic importance of nuclear energy, aiming to quadruple capacity to 400 GW by 2050, which is significantly higher than the current global uranium supply [4]. - Canada currently supplies approximately 25% of the uranium needed by the U.S., highlighting the importance of discovering additional reliable sources for future energy independence [4]. Strategic Partnerships - Foremost's collaboration with Denison Mines Corp. is a key competitive advantage, enabling the company to accelerate discovery and production timelines in the uranium sector [5][6]. - Denison is on track to start construction of Canada's first in-situ recovery uranium mine in 2026, which could further enhance Foremost's position in the market [5]. Future Outlook - The company anticipates significant opportunities in the uranium sector due to the expected unprecedented demand driven by the nuclear industry's transformation [4][5]. - Foremost aims to solidify its role in the North American nuclear renaissance through systematic exploration efforts and a commitment to delivering strong performance for shareholders [5][7].
Foremost Clean Energy Completes Highly Successful Exploration Drill Program at Hatchet Uranium Property and Provides Corporate Update
Globenewswire· 2025-05-15 13:00
Highlights include: Anomalous radioactivity was detected in 6 out of 10 completed drill holes, assay results are pendingAt Tuning Fork, identification of an extensive hydrothermal system, strong alteration halo, and anomalous radioactivity surrounding drill hole TF-25-16At Richardson, uranium mineralization was extended 50-metres along the Richardson conductor in drill hole RL-25-32 confirming system’s growth potential VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. ...
Exploration Program for the Flagship Pine Ridge Uranium Project In Wyoming's Prolific Powder River Basin
Newsfile· 2025-05-15 11:00
Core Viewpoint - Snow Lake Resources Ltd. has announced an exploration program for the Pine Ridge Uranium Project in Wyoming, with a focus on identifying priority targets and initiating a drill program of approximately 38,000 meters starting in July 2025 [1][3]. Group 1: Project Overview - The Pine Ridge Uranium Project is a joint venture between Snow Lake and Global Uranium and Enrichment Limited, with both companies holding a 50/50 stake [1]. - The project area has been expanded to approximately 15,130 hectares (37,387 acres) through the staking of an additional 937 claims [4]. - The exploration program will utilize existing historical data and public information to develop a comprehensive 3D geological model of the mineralization [4][6]. Group 2: Exploration Program Details - The initial drill program will focus on priority target areas, with approximately 38,000 meters (125,000 feet) of drilling planned [5][6]. - The drill program is expected to commence shortly after permit approvals, anticipated in late June 2025 [9]. - The project is located in the Powder River Basin, a leading uranium-producing region in the U.S., known for its favorable regulatory environment [6][10]. Group 3: Historical Context and Support - Historical drilling campaigns in the project area have included 765 holes by Conoco and 449 holes by Stakeholder Energy, contributing to the geological understanding of the site [7]. - The project is supported by significant geological studies, including the measurement of 350 sandstone outcrops to understand the geological characteristics of the area [8]. - SOLA Project Services will provide technical and project support, leveraging over 25 years of experience in the Powder River Basin [9].
Mustang Energy Corp. Acquires Nucleus Uranium Ltd.
Globenewswire· 2025-05-14 21:29
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce that it has completed the acquisition of Nucleus Uranium Ltd. (“Nucleus”), an arm’s length British Columbia-based uranium company, pursuant to a share exchange agreement dated May 5, 2025 (the “Agreement”) among the Company, Nucleus, and Golden Mile Resources Corp. (the “Shareholder”), the former sole shareholder of Nucleus. Nucleus, now a whol ...