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Nuclear Fuels Announces Filing and Mailing of Special Meeting Materials in Connection with Proposed Arrangement with Premier American Uranium
Prnewswire· 2025-07-15 22:19
Core Viewpoint - Nuclear Fuels Inc. is moving forward with a proposed arrangement to be acquired by Premier American Uranium Inc., with shareholders set to receive shares in the acquiring company [1][2]. Company Overview - Nuclear Fuels Inc. is a uranium exploration company focused on advancing early-stage, district-scale in-situ recovery (ISR) uranium projects towards production in the U.S. [5] - The company has consolidated the Kaycee district under single-company control for the first time since the early 1980s and is planning a 2025 drill program following successful drilling in 2023 and 2024 [5]. - The strategic relationship with enCore Energy Corp. provides a pathway to production, with enCore holding an equity interest and the right to back-in to 51% ownership in the Kaycee Project [5]. Arrangement Details - A special meeting of Nuclear Fuels shareholders is scheduled for August 13, 2025, to vote on the Arrangement Resolution, which involves Premier American Uranium acquiring all issued and outstanding common shares of Nuclear Fuels [2][4]. - Each shareholder will receive 0.33 of a common share of Premier American Uranium for each share of Nuclear Fuels held, establishing the Exchange Ratio [2]. Board Recommendation - The Board of Directors of Nuclear Fuels recommends that shareholders vote in favor of the Arrangement Resolution, with further details provided in the management information circular [3]. Meeting Logistics - The meeting will take place at the offices of Morton Law LLP in Vancouver, BC, and only shareholders of record as of July 7, 2025, are eligible to vote [4]. - Meeting materials are available under Nuclear Fuels' profile on SEDAR+ [4].
F3 Engages Resource Stock Digest
Newsfile· 2025-07-11 23:00
Group 1 - F3 Uranium Corp. has entered into a marketing services agreement with Resource Stock Digest for promotional services effective July 21, 2025 [1][2] - The agreement involves a 3-month advertising and marketing program with a total cash consideration of USD $75,000, payable upon approval by the Exchange [2] - RSD will not receive common shares or options as compensation, and there are no performance factors in the agreement [3] Group 2 - F3 Uranium is focused on uranium exploration, particularly on the high-grade JR Zone at its Patterson Lake North Project in the Western Athabasca Basin [5] - The company holds three properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach, which is known for hosting some of the world's largest high-grade uranium deposits [5]
Stallion Uranium Enters into Technology Data Acquisition Agreement
Globenewswire· 2025-07-08 11:30
Core Viewpoint - Stallion Uranium Corp. has entered into a technology data acquisition agreement to enhance exploration efforts in the Athabasca Basin, utilizing proprietary technology for mineral exploration [1][3]. Technology Overview - The technology, known as Haystack, includes an intelligent Geological Target Identification platform called Matchstick TI, which utilizes machine learning to improve mineral exploration [3]. - Haystack's predictive technology boasts a 77% accuracy rate in predicting target locations, significantly reducing financial risk and accelerating discovery [3]. - The technology is designed to analyze vast datasets from historical and modern exploration programs, allowing the company to identify previously overlooked opportunities [3]. Agreement Details - The agreement grants Stallion a non-exclusive, non-transferable right to access the technology for a 12-month term, covering approximately 1,400 square kilometers in the Athabasca Basin [4]. - In exchange for the technology lease, Stallion will issue 5,000,000 common shares to the Lessor and Licensor, with a hold period of four months plus one day following issuance [5]. - The Licensor will provide services related to the technology application for a minimum of three consecutive months, with a fee of £70,000 per month [6]. Company Background - Stallion Uranium is focused on exploring approximately 1,700 square kilometers in the Athabasca Basin, which is known for having the largest high-grade uranium deposits globally [8][10]. - The company collaborates with Atha Energy and has a leadership team with expertise in uranium and precious metals exploration [10].
Foremost Clean Energy Announces Drilling at its Murphy Lake South Uranium Project
Globenewswire· 2025-07-02 13:00
Core Viewpoint - Foremost Clean Energy Ltd. is set to begin drilling at the Murphy Lake South Uranium Property, which is strategically located near the LaRocque Lake Conductive Corridor, known for high-grade uranium deposits [1][2][3] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin [10] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines [10] Exploration Plans - Drilling at Murphy is scheduled to start in July 2025, with an initial phase involving approximately 1,500 meters of diamond drilling targeting graphitic faults and offset structures [6][7] - The drilling will focus on areas within 200–350 meters of the surface, allowing for efficient testing of the unconformity and underlying basement rocks [6] Historical Context - The Murphy Lake South Property has been previously explored by Denison Mines from 2008 to 2017, which identified uranium mineralization and key alteration features [5] - Historical drill results include significant intercepts such as 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters [5] Strategic Importance - The proximity of Murphy to the LaRocque Lake Conductive Corridor enhances its exploration potential, as recent discoveries have shifted perceptions of the Mudjatik Domain's viability [2][3] - The area remains underexplored, presenting a significant opportunity for future discoveries [7]
Foremost Clean Energy Advances Exploration on its Wolverine Uranium Property
Globenewswire· 2025-06-25 13:00
Core Insights - Foremost Clean Energy Ltd. has initiated a radon geochemical survey at its Wolverine Uranium Property located in the Athabasca Basin, which is known for high-grade uranium deposits [1][2] - The survey aims to enhance understanding of the subsurface geology and identify priority drill targets, focusing on areas with known structural offsets of the sub-Athabasca unconformity [2][3] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties covering over 330,000 acres in the Athabasca Basin [11] - The company is engaged in systematic exploration programs in collaboration with Denison Mines Corp. to make significant discoveries in uranium and lithium [11] Survey Details - The radon geochemical survey leverages the relationship between radon gas emissions and subsurface uranium presence, as radon is a decay product of uranium [3] - The survey grid is designed to cover two potential faults that may explain the unconformity offset observed on the property [3] Historical Context - Previous exploration at the Wolverine Property has identified uranium mineralization, including a notable drill hole that intersected 2,087 ppm U over 0.1 meters [5] - Historical drilling and geophysical surveys suggest a complex structural architecture, with unconformity depths ranging from 140 to 300 meters below the surface [5] Future Plans - Upon completion of the radon survey, the company plans to integrate the results with historical data to refine high-priority drill targets for future testing [6]
Snow Lake Receives Positive Preliminary Results from the Engo Valley Phase 2 Drill Program
Newsfile· 2025-06-18 11:00
Core Viewpoint - Snow Lake Resources Ltd. has announced positive preliminary results from its Phase 2 drill program at the Engo Valley Uranium Project, indicating good intercepts of uranium mineralization and progress towards a maiden resource estimate by the end of 2025 [1][3]. Company Updates - The Phase 2 drill program has completed a total of 31 reverse circulation (RC) drill holes, totaling 2,719 meters, with 8 holes returning mineralized intersections greater than 100 ppm eU3O8 [6][8]. - The diamond drilling segment of the Phase 2 program is set to begin during the week of June 15, 2025, with plans for 19 diamond drill holes in the MUO area and 8 in the D1 area [8]. - A maiden mineral resource estimate for Engo Valley is targeted for completion before the end of 2025, contingent on timely assay results [9]. Industry Context - The global supply deficit of uranium is expanding, necessitating the development of new uranium mines to meet increasing demand [3]. - Namibia is highlighted as the world's third-largest uranium producer, making the exploration and development of projects like Engo Valley crucial for identifying new economic sources of uranium [3].
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].