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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].