Uranium Mining and Exploration

[Lone Clone]

JVR Ventures Enters into Agreement for Qualifying Transaction with Luna Energy and Its Cabayu Uranium Project

https://www.newsfilecorp.com/release/246071/JVR-Ventures-Inc.-Enters-into-Agreement-for-Qualifying-Transaction-with-Luna-Energy-Ltd.-and-Its-Cabayu-Uranium-Project

March 25, 2025 5:30 PM EDT | Source: JVR Ventures Inc.

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2025) - JVR Ventures Inc. (TSXV: JVR.P)

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Blue Sky Uranium Announces Start-Up of New JV Company to Advance the Ivana Uranium-Vanadium Deposit

https://www.newswire.ca/news-releases/blue-sky-uranium-announces-start-up-of-new-jv-company-to-advance-the-ivana-uranium-vanadium-deposit-814595044.html

News provided by Blue Sky Uranium Corp. Mar 26, 2025, 07:00 ET

TSX Venture Exchange (TSX-V): BSK
Frankfurt Stock Exchange (FSE): MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, March 26, 2025 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that it has, with its joint-venture ("JV") partner Abatare Spain, S.L.U. ("COAM"), founded the new operating company Ivana Minerales S.A. ("JVCO") that will advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina, per the previously announced earn-in transaction ("the Agreement") (see News Release dated February 27, 2025). The Company also announces that Mr. Luis Leandro Rivera has been appointed as General Manager for JVCO. Mr. Rivera has thirty years of experience in all facets of mining from exploration to mine operations, including most recently serving as Senior Vice President of the Latin American region for AngloGold Ashanti ("AGA"). In that role, he oversaw the senior management responsible for operations, sustainability, finance and other functions at four mines in two countries. Prior to that, he was General Manager of AGA's Cerro Vanguardia mine in Argentina.

Nikolaos Cacos, President & CEO of the Company stated, "We are very pleased to welcome a mining professional of Mr. Rivera's caliber to steer the team in Argentina and help to drive the advancement of Ivana towards potential production. He has hit the ground running and in just a few short weeks has helped to establish an efficient and cost-effective operating structure for JVCO and integrated our experienced teams into the new company. He has also overseen bids for engineering groups and supervised the planning of the next phase of exploration drilling for the project. We look forward to an energetic program in the coming months that will continue to build value at this exciting project."

JVCO is currently vetting engineering groups to support the planned prefeasibility/feasibility study for the Ivana deposit and expects to establish new contracts in the following months. At the same time, the new company is initiating an exploration drilling program to test for new resources. The planned campaign includes up to 6,000 metres of Reverse Circulation ("RC") drilling in approximately 315 shallow holes. The drilling will step out up to two kilometers surrounding the Ivana deposit and will include testing a previously undrilled target area called "Bajo Huenteleo". This target is considered highly prospective for uranium mineralization but until recently was inaccessible due to persistent flooding conditions. The campaign is expected to continue over approximately the next six months.

The programs are fully funding via the Agreement, in which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in JVCO by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to develop and construct the project to commercial production, subject to the terms and conditions in the Agreement.

JVCO Operating Details

Mr. Rivera will report to the Board of JVCO, composed by members representing the interest of each party. In order to maximize the use of funds, both partners will provide support work in lieu of hiring dedicated teams. Administrative functions including Purchasing, Finance and Legal will be supported by affiliates of Corporación América, while roles such as Environmental, Properties and Databases will continue to be assumed by the Grosso Group team that Blue Sky has used since its inception. All field personnel including the three geologists and the previous Project Manager will join JVCO, maintaining technical continuity.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi, CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. Blue Sky is advancing its flagship Ivana Uranium-Vanadium Deposit through a joint venture with subsidiaries of Corporación América Group. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's planned drilling campaign at the Ivana deposit and the timing thereof and the prospective nature of the "Bajo Huenteleo" target area. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, including in respect of the Company's planned drilling program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

SOURCE Blue Sky Uranium Corp.

For further information please contact: Corporate Communications, Tel: [phone], Toll-Free: 1-800-901-0058, Email: [e-mail]

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Azincourt Energy Plans Inaugural Work Program at the Snegamook Uranium Project

Permits received
Up to 1000 meters of initial drilling planned to confirm and expand known uranium mineralization

https://www.newsfilecorp.com/release/245932/Azincourt-Energy-Plans-Inaugural-Work-Program-at-the-Snegamook-Uranium-Project

March 25, 2025 3:00 AM EDT | Source: Azincourt Energy Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company"), is pleased to announce that it has permitting for an exploration program at its recently acquired Snegamook uranium project (the "Project"), located in the Province of Newfoundland and Labrador.

SUMMARY:

Azincourt Energy has received permitting for and will begin exploration at its newly acquired Snegamook Uranium Project in Canada's Central Mineral Belt, near the historical Two Time Zone deposit (Indicated and Inferred resource of 5.55 Mlb U3O8, June 2008)*.

Historical drilling at the Snegamook Project revealed shallow-dipping uranium lenses with grades up to 0.11% U3O8, indicating strong potential for further discovery.

The Company's 2025 work program includes site reconnaissance, review of historical drill core, and up to 1,000 meters of helicopter-supported diamond drilling to confirm and expand known mineralization.

The Project is strategically located to the southeast of Snegamook Lake within Labrador's Central Mineral Belt and less than 1 km south of the Two Time Zone (Indicated and Inferred resource of 5.55 Mlb U3O8, June 2008)*, formerly held by Silver Spruce Resources Inc. as part of a larger land package, and consists of a mineral licence block comprised of 17 contiguous claims covering 423 hectares.

Drilling to follow up a radon gas anomaly identified the "Snegamook Zone" uranium occurrence located 1.3 km along strike to the southeast of the Two Time Zone (Figure 1, below). Four mineralized lenses were traced over a strike length of 300 meters and to a vertical depth of 200 meters. The lenses are shallow dipping (15 to 20 degrees west) and vary in width from five to 53 meters with values ranging from 225 to 771 ppm U3O8. Individual one-meter samples returned values up to 0.11% U3O8.



Figure 1: Snegamook and Two Time Zone mineralization map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/245932_2f160edf74e9bb12_002full.jpg

Mineralization and related hydrothermal alteration appear to be structurally controlled within lineaments crosscutting the host intrusive gneissic units. The zones appear to be disrupted to the south and down dip by steeply dipping fault structures that displace the basement gneiss but remain open to the north.

Drilling to test a radon gas anomaly 500 meters to the south of the Snegamook Zone also intersected zones of mineralization with grades up to 0.11% U3O8 over 3 m and 0.11% U3O8 over 2 m.

The Company is proposing an initial program of site reconnaissance and assessment of historical core located at the site of the old exploration camp from 2008, to be followed by up to 1,000 m of diamond drilling to confirm the existing mineralization within the Snegamook Zone and begin to expand the unnamed showing identified to the south. The program is anticipated to utilize one helicopter supported drill rig based out of a temporary work camp in the area. All equipment and supplies would be staged out of Happy Valley - Goose Bay, approximately 100 km to the south. It is anticipated that the reconnaissance phase of the program will be undertaken in June with the diamond drilling conducted in late summer to early fall.

"We are excited to get on the ground at Snegamook and begin to expand this deposit" said Vice President, Exploration Trevor Perkins. "The Project has great potential, and historical work has just given a hint of what may be in store for us to discover," continued Mr. Perkins.



Figure 2: Snegamook Project Location Map - Central Mineral Belt, Labrador, Canada.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/245932_2f160edf74e9bb12_003full.jpg

*The historical interpretation and drill intersections described here in have not been verified and are extracted from news releases issued by Silver Spruce Resources Inc on April 24, 2008, and August 12, 2008, as well as annual Management Discussion and Analysis documents filed on www.sedarplus.ca, and disclosure published on the website for Paladin Energy Limited (www.paladinenergy.com.au). The Company has not completed sufficient work to confirm and validate any of the historical data from the Snegamook occurrence. The Company considers the historical work a reliable indication of the potential of the Project and the information may be of assistance to readers.

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed, and approved on behalf of the company by C. Trevor Perkins, P.Geo., Vice President, Exploration of Azincourt Energy, and a Qualified Person as defined by National Instrument 43-101.

About Azincourt Energy Corp.

Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects. The Company has been a uranium explorer for over a decade and is currently active at its majority-owned joint venture East Preston uranium project located in the Athabasca Basin, Saskatchewan.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

"Alex Klenman"
Alex Klenman, President & CEO

For further information please contact:

Alex Klenman, President & CEO
Tel: [phone]
[e-mail]

Azincourt Energy Corp.
1430 - 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Azincourt Energy Corp.

[Lone Clone]

Dark Star Moving Forward with Option Agreement for Uranium Assets Located in the Central Mineral Belt of Newfoundland and Labrador

https://www.newsfilecorp.com/release/245855/Dark-Star-Moving-Forward-with-Option-Agreement-for-Uranium-Assets-Located-in-the-Central-Mineral-Belt-of-Newfoundland-and-Labrador

March 24, 2025 2:00 PM EDT | Source: Dark Star Minerals Inc.

Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (the "Company" or "Dark Star") announces that, further to the Company's news releases dated July 3, 2024, October 18, 2024 and November 14, 2024, it has amended (the "Amendment") the terms of its previously announced option agreement (the "Option Agreement") dated November 14, 2024, with Cronin Exploration Inc. ("Cronin") for the acquisition of up to 100% of Cronin's right, title and interest in and to certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the "Ghost Lake Property" or "Property").

Marc Branson, President, Chief Executive Officer and a director of Dark Star states: "With the Amendment of the Option Agreement to acquire a 100% interest in the Ghost Lake Property now complete, the Company is eager to move forward with its commitments under the agreement and is looking forward to exploring the potential of the Ghost Lake Property."

Amendment Terms

Pursuant to the Amendment, the option (the "Option") to acquire the Ghost Lake Property can be exercised by Dark Star on or prior to the fourth anniversary the non-binding letter of intent (the "LOI") dated October 16, 2024 by making:

aggregate cash payments of $275,000 as to: $100,000 on or before second anniversary of the execution date of the LOI (the "LOI Execution Date"); $75,000 on or before third anniversary of the LOI Execution Date; and $100,000 on or before fourth anniversary of the LOI Execution Date;

issuing an aggregate of 10,150,000 common shares (each, a "Share") as to: 750,000 Shares within 5 days of the LOI Execution Date (Issued); and 9,400,000 Shares on the date that is five (5) days following receipt by Dark Star of Canadian Securities Exchange ("CSE") approval for the Share issuances pursuant to the Option Agreement; and

incurring an aggregate of $2,900,000 in exploration expenditures as to: $150,000 on ore before April 7, 2025; $500,000 on or before second anniversary of the LOI Execution Date; $750,000 on or before third anniversary of the LOI Execution Date; and $1,500,000 on or before fourth anniversary of the LOI Execution Date.

All other terms to the Option Agreement remain the same as previously disclosed.

All proposed securities issuances of Dark Star are subject to prior approval of the CSE and shall subject to a hold period the greater of: (A) 4 months and a day; and (B) the date that is 10 days following the filing by Dark Star of a National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant technical report with respect to the Property.

For more information on the Option Agreement and the Ghost Lake Property, see the Company's November 14, 2024 news release filed under its profile on SEDAR+.

About Dark Star Minerals Inc.

Dark Star Minerals Inc. is a mineral exploration company focused on the acquisition and development of critical mineral resources, specifically the rare earth complex.

For further information please contact:

Marc Branson - President, Chief Executive Officer and Director
E-mail: [e-mail]
Telephone: [phone]

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Dark Star Minerals Inc.

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Mustang Energy Engages Axiom Exploration for Airborne Geophysical Survey over the Spur Project

https://www.globenewswire.com/news-release/2025/03/21/3047349/0/en/Mustang-Energy-Engages-Axiom-Exploration-for-Airborne-Geophysical-Survey-over-the-Spur-Project.html

March 21, 2025 17:34 ET | Source: Mustang Energy Corp.

VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce that it has engaged Axiom Exploration Group (“Axiom”) to conduct an Aerial Electromagnetic Survey (Xcite™ TDEM) with Radiometrics over its Spur Project located south of the Athabasca Basin, Saskatchewan (the “Spur Project”).

The Company anticipates that the Xcite™ TDEM survey with Radiometrics will commence in early May 2025 and encompass the portion of the claim package which has not been covered by modern day electromagnetic (EM) survey techniques. The airborne survey aims to precisely locate EM and radiometric anomalies, and aid in geological interpretations on the property advancing exploration targeting.

In addition, Mustang has applied for exploration permits on the Spur Project and the Company’s 914W Project. The permit applications include ground based mineral exploration activities such as trail construction, line-cutting, ground geophysical surveys, and diamond drilling. Subject to obtaining the required permits and approvals, Mustang plans to initiate exploration activities aimed at further assessing the viability of these projects, as well as to continue consultation with local communities.

About Xcite™ TDEM

Xcite™ is a new generation of helicopter-borne time-domain electromagnetic (TDEM) systems developed by New Resolution Geophysics (NRG™). Axiom is an exclusive provider of this service in North America. This state-of-the-art technology provides an efficient alternative to prior TDEM technologies for mineral exploration. The system utilizes a patented inflatable transmitter loop with a diameter of approximately 20 meters, suspended about 30 meters below the helicopter. The Xcite™ system offers improved signal clarity, enabling the detection of subtle subsurface features. It features a programmable waveform with a fast turn-off time, allowing for flexibility in data acquisition and improved resolution of both shallow and deep targets.




Figure 1: Mustang Energy Corp. Spur and 914W Project Location Map1

https://www.globenewswire.com/NewsRoom/AttachmentNg/11699211-1f81-4e70-bf12-4f39172160e4

About the Spur Project

The Spur Project comprises nine claims covering 17,929 hectares. It is located just south of the Athabasca Basin in northern Saskatchewan, a region globally renowned for its high-grade uranium deposits. The property is approximately 40 kilometers southeast of Cameco’s Key Lake Mill Operation and 20 kilometers southwest of Skyharbour Resources/Terra Clean Energy’s Fraser Lakes Zone B deposit (Figure 1). The Spur Project’s geological setting combines Proterozoic basement rocks of the Wollaston Group and uraniferous pegmatites, presenting potential for uranium, thorium and rare earth element (REE) exploration. The Spur Project offers lower cost exploration due to the absence of Athabasca Sandstone cover. Adjacent Properties host high-grade surface grab samples including the Pipe Lake Showing with up to 8.0% U3O8 (sample # R69-10)2 within a hornblende-rich pegmatite 2.5 km northeast of the Spur Project boundary. The Red October Showing, east of the project boundary, shows grab sample assays of up to 1.93% U (sample # JBELR063)3 within syenite, and an outcrop chip sample through semipelitic gneiss showing 1.34% U (sample # AGELR008)3 over 1 meter.

About the 914W Project

The 914W Project consists of one claim covering 1,260 hectares. It is situated approximately 48 km southwest of Cameco’s Key Lake Operation, offering favourable logistics and access via Highway 914. The 914W Project is positioned within the Western Wollaston Domain, known for unconformity/basement hosted uranium mineralization. The 914W Project hosts favorable geology with local graphite bearing assemblages. Immediately to the north of the 914W property is the Scurry Rainbow Zone E4 and the Don Lake Trenches5, where up to 1,288 ppm U was encountered in drill hole ML-11, and surface prospecting revealed up to 0.64% U3O8 in a trench at Don Lake Zone E4. While historical exploration conducted several geophysical and geological surveys over portions of the property, most of the 914W Project remains underexplored. Mustang sees notable potential for advancing uranium and rare earth element (REE) exploration on this property.

References:

Saskatchewan GeoAtlas, https://gisappl.saskatchewan.ca/Html5Ext/index.html?viewer=GeoAtlas
Saskatchewan Mineral Deposits Index. SMDI# 1005, https://applications.saskatchewan.ca/Apps/ECON_Apps/dbsearch/MinDepositQuery/default.aspx?ID=1961
Saskatchewan Mineral Deposits Index. SMDI# 5219, https://applications.saskatchewan.ca/Apps/ECON_Apps/dbsearch/MinDepositQuery/default.aspx?ID=5219
Saskatchewan Mineral Deposits Index. SMDI# 1961, https://applications.saskatchewan.ca/Apps/ECON_Apps/dbsearch/MinDepositQuery/default.aspx?ID=1961
Saskatchewan Mineral Deposits Index. SMDI# 1983, https://applications.saskatchewan.ca/Apps/ECON_Apps/dbsearch/MinDepositQuery/default.aspx?ID=1983

Qualifying Statement

The scientific and technical information in this release has been reviewed and approved by Lynde Guillaume, P.Geo., Technical Advisor for Mustang Energy, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Ms. Guillaume is a Qualified Person as defined by National Instrument 43-101.

Adjacent Property Disclaimer:

This news release includes references with respect to uranium occurrences which are located near the Spur Project and 914W Project, including the Pipe Lake Showing, Red October Showing, Scurry Rainbow Zone E, and Don Lake Zone E. The Company advises that, notwithstanding their proximity of location, discoveries of minerals on nearby properties and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Spur Project and 914W Project, or the Company’s ability to commercially exploit the Spur Project or 914W Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information.

About Mustang Energy Corp.:

Mustang is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets. The Company is actively exploring its properties in Northern Saskatchewan, Canada and holds 77,318 hectares in around the Athabasca Basin. Mustang's flagship property, Ford Lake, covers 7,743 hectares in the prolific eastern Athabasca Basin, while its Cigar Lake East and Roughrider South projects span 3,442 hectares to the north and the Spur Project to the south covering 17,929 hectares. Mustang has also established its footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares) and further expanded its presence in the south central region of the Athabasca Basin with the Dutton Project (7,633 hectares).

For further information, please contact:

Mustang Energy Corp.

Attention: Nicholas Luksha, CEO and Director
Phone: [phone]

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “believes” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the future potential of the mineral claims held by the Company, including the Spur Project and 914W Project; the granting of exploration permits on the Spur Project and 914W Project; the timing for the commencement of the Xcite™ TDEM survey; and the potential capabilities of the Xcite™ TDEM survey. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation the assumption that the Company will be able to continue exploring its properties given various environmental and economic factors outside of its control and that the results of the Xcite™ TDEM survey will provide the anticipated insights. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

[Lone Clone]

F4 Uranium Shares Now Listed on TSXV

https://www.newsfilecorp.com/release/245752/F4-Uranium-Shares-Now-Listed-on-TSXV

March 24, 2025 5:00 AM EDT | Source: F4 Uranium Corp.

Kelowna, British Columbia--(Newsfile Corp. - March 24, 2025) - F4 Uranium Corp ("F4 Uranium" or the "Company") is pleased to announce that the F4 shares have been approved for listing on TSXV, under the symbol FFU. Shares will commence trading on Tuesday March 25, 2025.

About F4 Uranium Corp:

F4 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world's largest high grade uranium discoveries. F4 currently has 16 projects in the Athabasca Basin, several of which are near large uranium discoveries including Triple R, Arrow and Hurricane. F4 has entered into option agreements on some of its properties which call for the applicable optionors to make cash payments and issue shares to F4, as well as to incur exploration expenditures on the properties in which they have been granted the option to earn an interest.

Looking Forward

"F4 Uranium is committed to achieving its vision of becoming a leader in the uranium exploration industry," said Raymond Ashley, CEO & Director. "F4 stands apart with its successful leadership and technical team responsible for 3 major uranium discoveries along with a strong portfolio of properties in the Athabasca Basin. With a hybrid strategy of adding value through prospect generation by advancing some of its properties through joint venture partnerships and sole funding on others, and the ongoing support of our stakeholders, we are well-positioned for success as we look forward to our listing on the TSXV."

Contact Information

F4 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2

Investor Relations
Telephone: [phone]
Email: [e-mail]

On Behalf of the Board.

"Ray Ashley"
Raymond Ashley, CEO
F4 Uranium Corp.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements include, but are not limited to: the expected offering size and closing of the Private Placement; the net proceeds from the Private Placement and the intended use of proceeds therefrom; the application to list F4's shares on the TSX Venture Exchange; and the timing of filing and submission thereof. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of exploration expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the availability of funds; the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

SOURCE: F4 Uranium Corp.

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NexGen Announces Best Ever Discovery-Phase Intercept At Rook I Property

RK-25-232 intersects broad zone of intense mineralization including 3.9 m of >61,000 cps
High-grade subdomain doubles in size to 210 m strike and 335 m vertical extent
Represents best hole drilled at any NexGen property, including Arrow, during the discovery-phase of exploration

https://www.newswire.ca/news-releases/nexgen-announces-best-ever-discovery-phase-intercept-at-rook-i-property-890782291.html

News provided by NexGen Energy Ltd. Mar 24, 2025, 06:30 ET

VANCOUVER, BC, March 24, 2025 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG)

[Lone Clone]

Cosa's Initial Drilling Program at Murphy Lake North Uranium Project Identifies Two Kilometre Strike Extension of Hurricane Trend

https://www.newsfilecorp.com/release/245345/Cosas-Initial-Drilling-Program-at-Murphy-Lake-North-Uranium-Project-Identifies-Two-Kilometre-Strike-Extension-of-Hurricane-Trend

March 20, 2025 7:30 AM EDT | Source: Cosa Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to report the inaugural drill program has confirmed that the Murphy Lake North Uranium Project contains up to 2 kilometres strike length of the extension of geology underpinning the Hurricane deposit. Murphy Lake North ("MLN" or the "Property") is a joint venture (the "Joint Venture") between Cosa and Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) and is located in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.

Highlights

Located and defined the Hurricane trend extension within Murphy Lake North, the primary objective of the inaugural drilling campaign

Final drill hole intersected a significant zone of sandstone-hosted alteration and structure, overshooting optimal target by 25 metres; zone is open along strike in both directions and up to two kilometres of untested Hurricane trend strike length is interpreted within Murphy Lake North

Plans are in development for a fully funded summer drill program to follow up winter drilling results

Keith Bodnarchuk, Cosa President and CEO, commented: "The results of our inaugural drill program at the Murphy Lake North Joint Venture have exceeded our expectations and have confirmed our thesis that MLN hosts the same geology underpinning the Hurricane deposit only a few kilometres away. These initial results require immediate follow up, leading to the decision to leave the drill and equipment on-site to ensure a seamless summer start-up and significant cost savings. Having recently closed our C$6 million oversubscribed private placement, we are fully funded for the foreseeable future and intend to meet with our Joint Venture partner and largest shareholder, Denison Mines, as soon as possible to develop plans for an exciting follow up drill program."

Andy Carmichael, Cosa VP Exploration, commented: "The key objective of winter drilling at MLN was to locate and define the extension of Hurricane trend basement rocks and structures within the Property. In addition to meeting that objective, the final hole of the winter program, MLN25-004, intersected a sandstone-hosted hydrothermal alteration zone cored by structure on the southern side of the trend and is interpreted to have overshot the optimal target by 25 metres. As only one drill hole at MLN has targeted this side of the trend, the alteration zone is wide open along strike to the east and west, indicating that MLN may host up to two kilometres of entirely untested Hurricane stratigraphy. We eagerly await analytical results which will be instrumental in prioritizing this zone for follow up among the abundant drill targets on this shallow, prospective project."

Murphy Lake North

Murphy Lake North covers a portion of the Larocque Lake trend and is located 2.7 kilometres east of the Hurricane deposit (Figures 1 & 2). Hurricane is the world's highest-grade Indicated Uranium Resource and was discovered and delineated for IsoEnergy Ltd. by current members of Cosa's management, board of directors, and advisors from 2018 through 2022. The Larocque Lake trend also hosts the Larocque Lake Zone, Yelka Prospect, and Alligator Lake Zone.

MLN also contains approximately six kilometres of conductive strike length oriented sub-parallel to conductive features associated with the Hurricane deposit (Figure 2). Limited historical drilling on MLN intersected weak uranium mineralization in the basement and zones of alteration and structure in the sandstone and basement. Historical drilling, completed before the discovery of Hurricane, focused on the western extremity of the Property and left most of the conductive strike length untested. Abundant drill targets exist at MLN. The depth to the unconformity at MLN varies from approximately 170 to 250 metres.

Per the completed Acquisition Agreement between Cosa and Denison (see Cosa's news release dated January 14, 2025), Cosa sole funded this initial MLN drill program as part of the Company's obligation to fund 100% of the first $1.5 million of exploration expenditures at the Project by December 31st, 2027.

Winter Drill Program

A four-hole drill program totalling 1,739 metres was completed from mid-February through early March (Figures 2 through 4). The primary objectives of the program were to locate and define the interpreted strike extension of the Hurricane (CH1) trend and follow up historical intersections of weak uranium mineralization on the parallel Cyclone (CH2) trend to the south. Drill holes were collared at inclinations between -55° and -67° and true vertical depths are less than the down hole depths referred to herein.

Hurricane (CH1) Trend

Three drill holes completed on the CH1 trend succeeded in locating graphitic basement rocks and structures interpreted as the extension of those underpinning the Hurricane deposit. Sandstones in all three drill holes were anomalous, with each hole containing widespread bleached zones. MLN25-004, the final hole of the winter program and the southernmost on the trend, intersected the strongest sandstone alteration on the Project to date (Figures 3 & 4).

From 197 metres to the unconformity at 274 metres, MLN25-004 intersected a broad zone of moderate to strong hydrothermal alteration. The zone contained a broad interval of fracturing, faulting, and desilicification from 223.5 to 260 metres where core loss averaged 20% and hydrothermal hematite was locally present. Fracturing and associated desilicification decreased in the 14 metres immediately above the unconformity though the sandstone remained strongly bleached and contained patches of hydrothermal hematite. Basement rocks in MLN25-004 were strongly graphitic and pyritic from 390 metres to the end of hole and with a significant fault zone from 393.7 to 397.0 metres that includes cataclasite. Like at Hurricane, this prospective structure is located at the contact between graphitic and non-graphitic rocks.

MLN25-004 is interpreted to have overshot the optimal target by approximately 25 metres where basement faulting is inferred to root the altered structural zone in the sandstone (Figure 4). As MLN25-004 is the only drill hole on the Project to target this portion of the Hurricane trend, the alteration zone is open along strike to the east and west (Figure 3).

MLN25-001 tested the up-dip projection of basement structures intersected by historical drill hole CRK-143. MLN25-001 intersected broad, weakly to moderately bleached zones through most of the sandstone and a strongly bleached, moderately desilicified zone in the basal 3 metres of sandstone. Strongly graphitic and pyritic basement rocks were intersected as well as a hematite-altered breccia 16 metres below the unconformity.

MLN25-003 targeted the hematitic structure 140 metres northeast of MLN25-001. Below broad, weakly to moderately bleached zones in the sandstone, MLN25-003 intersected primarily non-graphitic, non-pyritic basement rocks. MLN25-003 is interpreted to have been collared too far to the north to intersect Hurricane trend basement geology.

Additional work is warranted on the Hurricane (CH1) trend to:

Follow up the zone of alteration and structure intersected in the lower sandstone by MLN25-004
Follow up the prospective cataclasite intersected in the basement by MLN25-004
Continue testing the approximately 2 kilometres of Hurricane trend within MLN

Cyclone (CH2) Trend

Drill hole MLN25-002 was completed to follow up weak basement hosted mineralization intersected by historical drill hole CRK-144 on the CH2 trend (Figures 2 & 3), now referred to as the Cyclone trend by Cosa. MLN25-002 intersected broad, pervasively bleached zones and intervals of silicification throughout the sandstone as well as clay alteration in the lower sandstone, suggesting the presence of a significant hydrothermal alteration zone in the area. Graphitic rocks were not intersected in the basement, indicating the drill hole was not optimally targeted and the area remains prospective.

The widespread alteration in the sandstone of MLN25-002 and the historical intersections of weak uranium mineralization in the basement of CRK-144 emphasize the prospectivity of the CH2 trend. Drilling to date has targeted the western portion of MLN, leaving 90% of this five-kilometre-long conductive trend undrilled.

Additional work is warranted along the CH2 trend to:

Follow up historical drilling results, including sandstone alteration and structure with anomalous lead (Pb) in historical hole CRK-145
Drill test the 4.5 kilometres of untested conductive strike east of existing drilling

Next Steps

Planning is underway for a fully funded summer drill program. The focus of summer drilling is expected to be following up the MLN25-004 alteration zone along strike. Winter assay results are pending and will influence summer drilling, including whether to follow up MLN25-004 on section.

The drill rig and support equipment remain on site to minimize costs and increase efficiency for the planned summer drilling program.



Figure 1 - Cosa's Eastern Athabasca Uranium Projects with Joint Venture Projects

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/245345_8bc7265a14524a51_003full.jpg



Figure 2 - Nearby Historical Drilling Results and 2025 Winter Drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/245345_8bc7265a14524a51_004full.jpg



Figure 3 - Close up of Winter 2025 Drilling Area Showing Interpreted Geology

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/245345_8bc7265a14524a51_005full.jpg



Figure 4 - Cross Section 0600E Showing Interpreted Hurricane Trend (CH1) Geology and Zone of Alteration and Structural Intersected by MLN25-004

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/245345_8bc7265a14524a51_006full.jpg

About Cosa Resources Corp.

Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple 100% owned and Cosa-operated Joint Venture projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.

In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines that has secured Cosa access into several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects.

Cosa's award-winning management team has a long track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for their previous involvement in discovering IsoEnergy's Hurricane deposit. Prior to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and 92 Energy's GMZ zone and held key roles in the founding of both NexGen and IsoEnergy.

The Company's core focus throughout 2025 is drilling at the Murphy Lake North Joint Venture. Murphy Lake North is a 70/30 Joint Venture between Cosa and Denison respectively and is located at the northern end of the Larocque Lake trend. The Project is within three kilometres of and on trend with the Hurricane deposit. Initial drilling completed by Cosa during winter 2025 intersected broad zones of hydrothermal alteration of the sandstone, associated with prospective basement structures interpreted as the strike extension of those controlling the Hurricane deposit. An expanded follow up campaign is currently in planning for the summer season.

Technical Disclosure

Historical drilling and geophysical results for Murphy Lake North and adjacent projects were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for the Murphy Lake North Project include file numbers 74I-0060, 74I09-0057, 74I09-0064, 74I09-0066, 74I09-0077, 74I09-0098, and MAW00510.

SMAD sources for drilling and geophysical results proximal to Murphy Lake North include 64L05-0161, 64L05-0180, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0061, 74I09-0064, 74I09-0071, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, MAW01939, MAW02327, MAW02599, and MAW02395.

Drill hole collar locations for Murphy Lake North and relevant along-strike drill holes were verified from air photos. The collar locations of Murphy Lake North drill holes CRK-144 and CRK-145 were verified on the ground using a handheld GPS and determined to be within 20 metres of the locations derived from air photos. Segments of drill core from CRK-143 and CRK-144 were reviewed in the field; further review was hampered by the deteriorated condition of core boxes.

Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling data from geophysical surveys completed post year 2000, engaging a consultant to re-interpret historical survey data, and evaluating whether interpreted geophysical results could be reasonably explained by historical drilling results.

Qualified Person

The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.

Contact

Keith Bodnarchuk, President and CEO
[e-mail]
[phone] (COSA)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. These forward-looking statements or information may relate to anticipated exploration, development and/or expansion activities, including exploration of the Company's current Projects; the collaboration with Denison, including the Joint Venture, and the anticipated benefits thereof; and the outlook regarding Cosa's business plans and objectives.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the cost of planned exploration activities are as anticipated, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct Cosa's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by Cosa in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: Cosa may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; Cosa may not be able to maintain compliance with its contractual obligations with third parties; Cosa may not be able to maintain compliance with extensive government regulation applicable to its operations; domestic and foreign laws and regulations could adversely affect Cosa's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of Cosa's securities, regardless of its operating performance; the ongoing military conflict in Ukraine, and other risk factors set out in Cosa's public disclosure documents.

The forward-looking information contained in this news release represents the expectations of Cosa as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Cosa does not undertake any obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: Cosa Resources Corp.

[Lone Clone]

ATHA Energy: Independent Report Confirms Uranium Discovery and Expansion Potential at Angilak - Highlights 31 KM Rib-Nine Iron Trend With Grades up to 30.3% U3O8 & Mushroom Lake With Grades of up to 47.8% U3O8 in Outcrops

https://www.accessnewswire.com/newsroom/en/metals-and-mining/independent-report-confirms-uranium-discovery-and-expansion-potential-at-angilak-1002717

Thursday, 20 March 2025 07:00 AM

HIGHLIGHTS


The Angilak Project is situated around the Angikuni Basin, which is a direct analog to the Athabasca Basin with comparatively little exploration. The Project is anchored by the Lac 50 Deposit in addition to eight named showings containing high-grade uranium located across the project area;


SRK Consulting completed regional scale Structural Interpretation and Targeting Assessment that identifies the major primary and secondary structural controls (conduits, traps, and the overall plumbing system for uranium) hosting the majority of high-grade mineralized discoveries beyond the Lac 50 Deposit area at the Angilak Project located in Nunavut, Canada;


Understanding these controls provides the Company with a roadmap for targeting additional discoveries, such as unconformity and basement - Athabasca style - high-grade uranium mineralization within the Angikuni Basin;


Rib-Nine Iron Trend:

Increased from 25 to 31 km and is now interpreted to extend under the cover of the Angikuni Basin;

Along the Eastern margins outcrops with historic (2014) samples proximal to the Nine-Iron Discovery with grades up to 30.3% U3O8 have been discovered on surface, these showings have not been drill tested at depth;

Along the Western margin, historic drilling at the RIB Discovery intersected shallow (<25 m depth) mineralization with grades of up to 5.6% U3O8, hosted within graphitic pelitic rocks with Athabasca style alteration (Figure 1 & 3);

Along the Northern margin outcrops with historic (2014) samples and historic drilling have returned grades >1% U3O8;

Numerous similar structural targets have now been identified along this trend, extending under the cover of the Angikuni Basin;

Mushroom Lake Outcrop and Lac 50 Deposit:

The report interprets that the Angikuni Shear Zone and secondary extensional structures transect the Lac 50 Deposit area and correlate with the Mushroom Lake Outcrop;

These secondary structures act as the controls and host high-grade uranium;

Outcrop samples at Mushroom Lake from historic samples have returned grades of up to 47.8% U3O8;

The Mushroom Lake Outcrop extends over an area of ~3 km and remains untested at depth (Figure 1 & 3);


As a result of the findings from the SRK report, the Company has increased the size of its Angilak project by an additional 25,194 acres. The newly staked ground makes ATHA the dominant player in both the Angikuni and Yathkyed Basins;


Mobilization of equipment, fuel, and supplies to the Angilak Uranium Project, in anticipation of the 2025 Exploration Program;


Beginning in April, the Company is planning to execute localized and regional aerial and ground geophysical surveys designed to de-risk expansion and exploration targets in advance of the Company's diamond drilling phase of the 2025 Angilak Exploration Program;


The Company anticipates releasing full results from its 2024 Exploration Program - including drill results from its Gemini Project - in the coming weeks, in addition to announcing ATHA's 2025 Exploration Plans on its portfolio of tier I uranium assets.

Troy Boisjoli, CEO commented: "ATHA Energy acquired the Angilak Uranium Project just one year ago. Since that time, the Company has a applied a systematic, geoscience first approach to exploration - completing a >10,000 m drill program to test the extent of mineralization surrounding the Lac 50 Deposit, a regional surficial mapping survey that identified widespread outcrops containing high-grade uranium mineralization outside of the Lac 50 Deposit area, and a regional MMT survey that highlighted the RIB-Nine Iron Trend that extends under the Angikuni Basin, and where Athabasca style mineralization and alteration has already been identified. These steps have resulted in the substantial derisking of Angilak, and have led to our realization that the Angikuni Basin has untapped Athabasca potential."

Cliff Revering, VP Exploration added: "The discovery potential within the Angilak Project area continues to grow as we further compile and integrate historical data with the new information and understanding obtained from our 2024 exploration program. The extent of uranium mineralization observed in surficial mapping, sampling and drill intercepts, coupled with the 2024 MMT survey results, and SRK's interpretation of the Angikuni Basin structural architecture and uranium mineralization controls, highlights the significant potential for discovery of additional high-grade, Athabasca-style uranium deposits. Given the immense scale of highly prospective and untested exploration corridors within the project area, we continue to view the Angikuni Basin as an exciting and emerging uranium district."

VANCOUVER, BC / ACCESS Newswire / March 20, 2025 / ATHA Energy Corp. (TSXV:SASK)(FRA:X5U)(OTCQB:SASKF) ("ATHA" or the "Company"), holder of the largest uranium exploration portfolio in two of the highest-grade uranium districts globally, is pleased to announce results from SRK Consulting's independent report detailing Angilak Structural Interpretation and Targeting Assessment at the Company's 100%-owned Angilak Uranium Project (the "Project") in Nunavut, Canada.

The Report was authored by Dr. Ron Uken, Principal Structural Geologist at SRK Consulting (Canada) Ltd. and provided a regional structural interpretation of the Angilak Project which detailed the structural architecture of the Angikuni Basin and controls on uranium mineralization. The area of focus was the northern half of the Angikuni Basin, where the majority of exploration and discovery of uranium has occurred (Figure 1). Dr. Uken utilized multilevel geophysical, geochemical and geo-structural data collected by the Company to interpret the structural architecture of the Angikuni Basin formation and controls on uranium mineralization.

ANGILAK PROJECT - NUNAVUT

The Angilak Uranium Project is situated within the Angikuni Basin, approximately 225 km southwest of Baker Lake in the Kivalliq Region of Nunavut (Figure 1). The Project is anchored by the Lac 50 Deposit, in addition there are currently eight named showings containing high-grade uranium, located across the project area. These numerous regional discoveries, both within the Angikuni Basin as well as along its margins - demonstrating many similarities to high-grade uranium discoveries in the Athabasca Basin, Saskatchewan. One such prominent regional discovery within the Angilak Project area is the Dipole Showing, located along the western rim of the Angikuni Basin 25 km to the southwest of the Lac 50 Corridor. Previous operators of the Project completed 24 diamond drill holes in the Dipole Showing and intersected grades of up to 5.53% U3O8 over 0.5 m.





Figure 1: Plan Map detailing Lac 50 Deposit location with the Angilak Uranium Project

After acquiring the Project in March, 2024, the Company commenced its maiden exploration program which comprised three phases: Phase I - diamond drilling, Phase II - Surficial mapping and sampling, and Phase III - Geophysics.

Phase I - Between early June and late August, the Company completed 25 diamond drill holes comprising ~10,000 m. The drilling Phase of the campaign focused in and around the Lac 50 Deposit area, designed to explore the envelop of mineralization. The program proved extremely successful, with 100% of the drill holes intersecting uranium mineralization. Assay results are highlighted by grades of up to 5.85% U3O8 over 0.5 m.

Phase II - Surficial mapping was completed by late August. The mapping program successfully identified numerous additional high-grade uranium outcrops on surface and further outlined the Mushroom Lake Outcrop. Mushroom Lake is a 3 km area just to the north of the Lac 52 trend within the Lac 54 trend, with previously identified historic outcrop samples grading up to 47.8% U3O8.





Figure 2: 2024 Lac 50 Deposit Long-section Schematic

Phase III - Geophysics was completed by late September 2024 and utilized an Airborne Mobile MagnetoTellurics ("MMT") survey totaling 5,946-line kilometres. The survey covers the northern half of the Angilak Project (Figure 1) - representing approximately 85% of the original project area, pre-2024 staking - inclusive of the Lac 48, 50, 52, and 54 mineralized trends (known as the "Lac 50 Deposit" area), as well as the eastern, western, and northern margins of the Angikuni Basin.

Results from the MMT survey confirm the depth extent of the prospective conductive horizons that host uranium mineralization at the Lac 50 Deposit and Nine Iron Discovery (Figure 1). At the Lac 50 Deposit the survey indicates that the prospective conductive horizons extend to approximately 1 km depth, while at Nine Iron Discovery the prospective horizons extend to approximately 800 m depth. At both areas the results demonstrate the potential for mineralization to extend well beyond the current envelops of mineralization. Additionally, along the western margin of the Angikuni Basin a 31 km conductive trend - significantly more conductive than Lac 50 and Nine Iron - has been identified. During the late 1970's several rounds of exploration took place along the Western Margin Trend ("WMT"), inclusive of diamond drilling, trenching and soil sampling, which resulted in the discovery of numerous uranium showings, including Rib and Yat.

At the Rib Discovery - located ~30 km southwest of the Lac 50 Deposit, situated along the western margin of the Angikuni Basin - early exploration programs were conducted by Noranda Exploration Company ("Noranda"). Between 1977 and 1979 Noranda completed 30 diamond drill holes at the Rib Discovery intersecting Athabasca Basin style unconformity alteration, structure, and lithologies associated with shallow (<25 m depth) uranium mineralization with grades of up to 5.6% U3O8 hosted within graphitic mylonites. These historic drill results demonstrate that the Angikuni Basin has the potential to host Athabasca Basin style basement and unconformity type uranium mineralization. Coupling of the historic drill results with the 2024 MMT survey results and the recent structural interpretation completed by SRK, the scale and potential of the WMT to host multiple additional unconformity and basement type uranium mineralized zones along the 31 km trend is high. Importantly, as was typical of 1970 - 1980's Athabasca Basin exploration the maximum depth of drilling at Rib is ~100 m, ending in what is now considered to be prospective alteration and lithologies. The 2024 MMT survey demonstrates that the prospective conductive horizon along the WMT extends from surface to depths of more than 1 km, within and along the margins of the Angikuni Basin.





Figure 3: 2024 Lac 50 Deposit Area and Mapped Mineralized Outcrops

*Notes:

I Dipole historic showing with 25 diamond drill holes. Intersections of shallow uranium mineralization, grades up to 5.53% U3O8

II Rib historic showing with 30 diamond drill holes. Intersections of shallow uranium mineralization, grades up to 5.6% U3O8

III Mushroom Lake Spanning an area of 3 km on surface with outcrops samples grading up to 47.8% U3O8

IV Nine-Iron historic showing with 5 diamond drill holes. Intersections of shallow uranium mineralization, grades up to 1.25% U3O8 and outcrops with grades up to 30.3% U3O8

SRK REPORT RESULTS

The results of the report highlight the major regional structural controls of the Yathkyed and Angikuni Basins. The Angikuni Basin is bounded by dominant NE trending structures, the Ferguson and Angilak Shear zones respectively, which are connected by sigmodal linkage structures with EW to WSW trends. Structures show a strong relationship with the Angikuni Basin geometry defined by dominant NE trends and WNW Lac 50 trends.

Structures can be interpreted as forming an extensional pull apart basin complex, developed within a dextral strike slip system during NW-SE directed contraction. In this setting sigmoidal cross basin dextral transtensional strike-slip shear zones were likely active during basin development. Recent geochronology results suggest that U-mineralization was likely active during basin development and that the structural system identified likely also controlled fluid flow and mineralization, indicating the potential for unconformity and basement styles of mineralization to be found within the Angikuni Basin.

The report also illustrates that the RIB-Nine Iron trend ais controlled by a large regional sigmodal dextral relay structure that along strike is prospective to host uranium mineralization. In addition, the WNW Lac 50 Deposit parallel trends, identified across the project area (outside of the Lac 50 area), are likely associated with extensional kinematics within this structural setting. For this reason, these structures remain highly prospective to host uranium mineralization as demonstrated from within the Lac 50 Deposit. The Angilak Project, both within the Angikuni Basin and along its periphery, are compatible with a structural architecture that supports a target-rich environment for discovery of uranium mineralization.

Qualified Person

The scientific and technical information contained in this news release have been reviewed and approved by Cliff Revering, P.Eng., Vice President, Exploration of ATHA, who is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About ATHA

ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Project located in Nunavut, and CMB Discoveries in Labrador, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin). In addition, the Company holds the largest cumulative prospective exploration land package (7.3 million acres) in two of the world's most prominent basins for uranium discoveries - ATHA is well positioned to drive value. ATHA also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. For more information visit www.athaenergy.com. 1,2,3.

On Behalf of the Board of Directors

Troy Boisjoli, CEO, ATHA Energy Corp

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Troy Boisjoli
Chief Executive Officer
Email: [e-mail]
www.athaenergy.com

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to ATHA's proposed exploration program, including statements with respect to the expected benefits of ATHA's proposed exploration program, any results that may be derived from ATHA's proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA's proposed exploration program, any results that may be derived from the diversification of ATHA's portfolio, the successful integration of the businesses of ATHA, Latitude Uranium and 92 Energy, the prospects of ATHA's projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA's business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA's projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA's proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA's exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA's proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA's proposed explorations will yield results as expected, the synergies between ATHA, 92 Energy and Latitude Uranium's assets, and that general business and economic conditions will not change in a material adverse manner. Although each of ATHA and 92E have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA's portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA's current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; any impacts of COVID-19 on the business of ATHA and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA's profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE: ATHA Energy Corp

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Global Uranium and Forum Energy Metals Announce the Commencement of Drilling and Ground Geophysical Surveys on the Northwest Athabasca Project, Saskatchewan

Diamond drilling has commenced at the Zone 2A area, and SJ Geophysics has initiated ground EM and Resistivity surveys on the Spring Bay area on the Northwest Athabasca Project in

https://www.globenewswire.com/news-release/2025/03/20/3046154/0/en/Global-Uranium-and-Forum-Energy-Metals-Announce-the-Commencement-of-Drilling-and-Ground-Geophysical-Surveys-on-the-Northwest-Athabasca-Project-Saskatchewan.html

Saskatchewan’s Athabasca Basin March 20, 2025 08:00 ET | Source: Global Uranium

CALGARY, Alberta, March 20, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the "Company" or “Global”) and Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) (“Forum”) are pleased to announce that it has commenced its diamond drilling program, as well as ground geophysical surveys on the Northwest Athabasca (NWA) Project, located along the northwest shore of Lake Athabasca in Saskatchewan, Canada (Figure 1). Drilling will be focusing on the Zone 2A and Andy grid areas and SJ Geophysics will be conducting ground Time Domain Electromagnetic (TDEM) and Direct Current Induced Polarization (DCIP) surveys over the Spring Bay grid (Figure 2).

Camp construction began in middle February and is now completed. Ongoing work with the local communities and First Nations will continue to be an important focus of the project as we move forward. Forum Energy Metals is the Operator of the Northwest Athabasca Project.

"The integration of historical geophysical datasets and legacy drill results gives us an advantage in identifying areas of high potential," stated Ungad Chadda, CEO of Global Uranium. "We are pleased that the Forum exploration team’s knowledge and experience in Saskatchewan unconformity-style uranium deposits will shape the refined targeting strategy at the NWA Project, positioning us to unlock the site’s full value potential."

Rick Mazur, CEO of Forum Energy Metals stated, “I am particularly proud of the Forum logistics team, the Athabasca Denesuline contractors and all contractors that have worked tirelessly for the last month to get a camp built and drill and supplies to site, since the ice road was constructed to Uranium City. Forum’s geological team can now test the exceptional potential of the project.”

Camp Construction, Ground Geophysics and Diamond Drilling

Camp construction is completed and is ready to support the upcoming exploration program. Supplies were brought into site largely by fixed wing aircraft using skis. A temporary ice road from Uranium City has been completed and additional fuel as well as the diamond drill and supplies were hauled to site. The drill program began on March 19 with Team Drilling as Forum’s drill contractor. The objective of the diamond drilling program is to test the Andy and Zone 2A trends and if time and weather allows testing additional high-priority targets at Gomer and Spring Bay (Figure 2). SJ Geophysics began the ground geophysical program at the Spring Bay Grid on March 2 and the survey is projected to take approximately 3-4 weeks.

The Northwest Athabasca Project

The Northwest Athabasca Project is located along the northwest shore of Lake Athabasca on the margin of the Athabasca Basin 1,000 km north-northwest of Saskatoon. The western margin of the property is situated along the Alberta – Saskatchewan provincial border and the closest community is Uranium City, which is 75 km west of the project. The project consists of 11 contiguous mineral claims covering 13,876 ha. Global has an option to earn 51% interest in Forum’s interest in the NWA Project by spending up to $9M over four years (see News Release dated May 30, 2024).

Quality Assurance and Quality Control

For a discussion of the QA/QC and data verification processes and procedures at the NWA Project, please see its technical report entitled “NI 43-101 on the Northwest Athabasca Project Northern Saskatchewan Centered at: Latitude 59°24’00” N, Longitude 109°54’00” W”, with an effective date of June 27, 2024, which is available under the Global Uranium’s profile at www.sedarplus.ca.

Qualified Person

Jared Suchan, Ph.D., P.Geo., Global Uranium’s Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

ABOUT GLOBAL URANIUM CORP.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Pro-jects in Wyoming, USA.

About Forum Energy Metals

Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.




Figure 1 Location of the Northwest Athabasca Project along Lake Athabasca in northwestern Saskatchewan. The closest communities are Uranium City, Fond du Lac and Fort Chipewyan. The western margin of the property is located along the Alberta – Saskatchewan Border.






Figure 2 The main uranium showings and drill target areas on the Northwest Athabasca Project. The residual gravity and EM conductors are shown as the background.

ON BEHALF OF THE BOARD OF DIRECTORS

Ungad Chadda
CEO

587-330-0045
[e-mail]

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.

In particular, this press release contains forward-looking information relating to, among other things, the Offering, including the total anticipated proceeds, the expected use of proceeds, and the closing (including the proposed closing date) of the Offering. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including the assumption that the Company will close the Offering on the timeline anticipated, will raise the anticipated amount of gross proceeds from the Offering and will use the proceeds of the Offering as anticipated. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include: the risk that the Offering does not close on the timeline expected, or at all; the risk that the Company raises less than the anticipated amount of gross proceeds from the Offering; the risk that the Company does not use the proceeds from the Offering as currently expected; risks inherent in the exploration and development of mineral deposits, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; operational risks; regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; financing, capitalization and liquidity risks; title and environmental risks; and risks relating to the failure to receive all requisite regulatory approvals. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ?press release.?

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/92116943-c67d-4a06-94c2-08fd1847694f

https://www.globenewswire.com/NewsRoom/AttachmentNg/e148e7c3-3cba-4702-a1b8-877e4b79355f

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Snow Lake Mobilizing Phase 2 Drill Program at Engo Valley

https://www.newsfilecorp.com/release/245199/Snow-Lake-Mobilizing-Phase-2-Drill-Program-at-Engo-Valley

March 19, 2025 6:00 AM EDT | Source: Snow Lake Resources Ltd

Winnipeg, Manitoba--(Newsfile Corp. - March 19, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that mobilization has begun for the Phase 2 drill program at its Engo Valley Uranium Project ("Engo Valley").

Highlights

Mobilization of the Phase 2 drill program is now underway

Phase 2 drill program is planned to consist of up to 7,500 meters of a combination of reverse circulation and diamond drilling, and is designed to provide a drill database sufficient to calculate a maiden uranium mineral resource estimate in accordance with SK-1300

The global uranium market is currently facing a supply deficit, and after years of underinvestment in new primary uranium supply, along with geopolitical and security issues in Russia and Niger, demand for uranium remains steady due to the global need for clean energy and carbon-free electricity

Following its recent capital raisings totaling ~US$37 million, Snow Lake is fully funded to undertake Phase 2, and calculate and publish a maiden mineral resource estimate for Engo Valley

CEO Remarks

"We are pleased to have reached the milestone of mobilization for our Phase 2 drill program at Engo Valley," said Frank Wheatley, CEO of Snow Lake. "Our objective for this program is clear - to develop a drill data base sufficient to allow us to calculate a maiden resource estimate at Engo Valley in the second half of 2025."

"With global demand for uranium continuing to increase due to the ongoing construction of nuclear reactors worldwide, coupled with the U.S. government's renewed focus on nuclear energy, we believe our Phase 2 drill program at Engo Valley provides us with the opportunity to delineate a potentially economic uranium resource in Namibia, currently the third largest global uranium producer.

When combined with our recently announced 50/50 joint venture with Global Uranium and Enrichment Limited on the Pine Ridge Uranium Project in Wyoming, we believe we are assembling a portfolio of uranium assets with the potential to create significant shareholder value."

Phase 2 Drill Program

The Phase 2 drill program ("Phase 2") has been planned to consist of an aggregate of up to 7,500 meters of a combination of reverse circulation and diamond drill holes in an in-fill grid pattern sufficient to allow the calculation of a maiden mineral resource estimate. Phase 2 will be focused on the Main Uranium Occurrence ("MUO"), and the D1 target area ("D1").

A number of drill holes will be undertaken on some of the targets identified by the radon cup survey (undertaken in 2024), outside of the MOU and D1. Downhole radiometrics will be conducted on each drill hole.

With mobilization to site now underway, the preparation of a maiden mineral resource estimate, assuming drilling goes according to plan and assay results are received in a timely fashion, is targeted for completion during the second half of 2025.

The Uranium Supply Chain - Primary Uranium Supply

Uranium is a crucial mineral for energy and national security - it fuels the nuclear energy that underpins today's economy and is key to propelling future growth to meet the surge in energy demand from artificial intelligence. The uranium-to-nuclear fuel supply chain is lengthy, complex and riddled with supply chain vulnerabilities, from mine to reactor.

Supply chain vulnerabilities and dependence on foreign countries create energy security risks. Uranium is mined primarily in Kazakhstan (43%), Canada (15%), Namibia (11%), Australia (9%), Uzbekistan (7%) and Russia (5%). The United States mined just 0.02% of the world's uranium production in 2022. Currently, the United States is reliant on imports for 90% of its mined uranium ore needs, and 95% of its yellow cake (U3O8) needs.1

About Snow Lake Resources Ltd.

Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq:LITM, with a global portfolio of clean energy mineral projects comprised of two uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia, and the Black Lake Uranium Project is an exploration stage project located in the Athabasca Basin, Saskatchewan. The Shatford Lake Project is an exploration stage project located adjacent to the Tanco lithium, cesium and tantalum mine in Southern Manitoba, and the Snow Lake Lithium™ Project is an exploration stage project located in the Snow Lake region of Northern Manitoba. Learn more at www.snowlakeenergy.com.

Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd.. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.

Contact and Information
Frank Wheatley, CEO Investor Relations
Investors:
[e-mail]

Website:
www.snowlakeenergy.com Follow us on Social Media
Twitter:
www.twitter.com/SnowLakeEnergy

LinkedIn:
www.linkedin.com/company/snow-lake-energy


________________________
1 Centre for Strategic & International Studies - February 5, 2025.

SOURCE: Snow Lake Resources Ltd

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AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT

https://www.newswire.ca/news-releases/aero-energy-and-fortune-bay-commence-drilling-at-howland-lake-murmac-uranium-project-833948721.html

News provided by Fortune Bay Corp. Mar 19, 2025, 07:00 ET

HALIFAX, NS, March 19, 2025 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City.










Figure 1: Howland Lake radon-in-water results and drill targets. (CNW Group/Fortune Bay Corp.)





The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic ("EM") conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the Athabasca Basin.



Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023.

Highlights:

High-Grade Follow-Up: Drilling to be focused at Howland Lake North on targets along strike of drill hole M24-017 that intersected 8.40 m at 0.30% U3O8, with individual assays up to 13.80% U3O8 over 0.10 m. Additional drilling is planned at Howland Lake South, along strike of drill hole M22-012 that intersected 0.17% U3O8 over 0.10 m.
Compelling Drill Target Support: Selected drill targets (Figure 1) are backed by favorable criteria for high-grade basement-hosted deposits, including EM conductor breaks, structure, and significant hydrothermal alteration noted in historical drill holes. Known mineralized cross faults and strong radon-in-water anomalies from recent surveys further support target selection (see News Release dated February 20, 2025).
Focused Drilling Program: The winter 2025 drilling program will be focused on priority targets developed at Howland Lake which will be more efficiently tested from ice-based drill hole locations. Numerous other priority targets have also been identified along Murmac's extensive graphitic corridors (>35 kilometres of strike) that warrant future drill testing.

Dale Verran, CEO for Fortune Bay, commented "Alongside Aero Energy, we are excited to have started this next phase of exploration at Murmac, directed at drill testing a set of priority targets at Howland Lake. These targets possess the necessary criteria for a meaningful basement-hosted discovery, and we are looking forward to the results."

Technical Disclosure
Details regarding previous Fortune Bay drill results from 2022 and 2024 can be found in news releases dated October 8, 2024, and December 13, 2022, respectively. Further details regarding historical exploration/drilling and exploration results noted in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) references 74N07-0011, 74N07-0173 and 74N07-0277. Fortune Bay has verified several of these occurrences through field prospecting and sampling, however there is a risk that any future confirmation work and exploration may produce results that substantially differ from the unverified historical results. The Company considers the unverified historical results relevant to assess the mineralization and economic potential of the property.

Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick, P.Geo., Technical Director of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

About Fortune Bay
Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQB:FTBYF) is an exploration and development company with 100% ownership in two advanced gold projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also advancing seven uranium exploration projects on the northern rim of the Athabasca Basin, Saskatchewan, which have high-grade potential. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company's website at www.fortunebaycorp.com or by contacting us as info @calmanmf-1919.

On behalf of Fortune Bay Corp.

"Dale Verran"
Chief Executive Officer
902-334-1919

Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Fortune Bay Corp.

Dale Verran, Chief Executive Officer, 902-334-1919

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CanAlaska Uranium: Geochemical Assays Confirm Additional High-Grade Unconformity Uranium Mineralization at CanAlaska's Pike Zone

Drillhole WMA082-12 Intersected 17.0 Metres at 10.81% U3O8; Including 10.5 Metres at 17.30% U3O8

Drillhole WMA094-02 Intersected 6.5 Metres at 10.05% U3O8; Including 2.0 Metres at 31.33% U3O8

https://www.newsfilecorp.com/release/244962/Geochemical-Assays-Confirm-Additional-HighGrade-Unconformity-Uranium-Mineralization-at-CanAlaskas-Pike-Zone

March 18, 2025 7:30 AM EDT | Source: CanAlaska Uranium Ltd.

Saskatoon, Saskatchewan--(Newsfile Corp. - March 18, 2025) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (

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F3 Hits Anomalous Radioactivity 12km South of JR Zone on Broach Property

20.0m Composite Mineralization at JR Zone with 2.25m high grade Radioactivity

https://www.newsfilecorp.com/release/244920/F3-Hits-Anomalous-Radioactivity-12km-South-of-JR-Zone-on-Broach-Property

March 18, 2025 5:00 AM EDT | Source: F3 Uranium Corp.

Kelowna, British Columbia--(Newsfile Corp. - March 18, 2025) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF)

[Lone Clone]

Azincourt Energy Completes Data Acquisition and Compilation at the Prospective Snegamook Uranium Project

https://www.newsfilecorp.com/release/244991/Azincourt-Energy-Completes-Data-Acquisition-and-Compilation-at-the-Prospective-Snegamook-Uranium-Project

March 18, 2025 3:00 AM EDT | Source: Azincourt Energy Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company"), is pleased to announce that it has completed the data acquisition and compilation of historic data available for its recently acquired Snegamook uranium project (the "Snegamook Project" or the "Project"), located in the Province of Newfoundland and Labrador.

SUMMARY

The Snegamook Project contains known uranium mineralization and is strategically positioned near several major uranium discoveries, including Two Time, Moran, Kitts, and Jacques Lake.

Historical drilling by Silver Spruce Resources at the Snegamook Project (2006-2008) indicated multiple lenses of uranium mineralization over a 300-metre strike length and to a vertical depth of 200 metres, with grades ranging from 225 to 771 ppm U3O8. Some zones contain higher-grade uranium concentrations (e.g., 0.11% U3O8 over 3m).

A preliminary non-NI 43-101 compliant resource estimate was completed in 2008 but never officially filed.

Azincourt aims to verify and expand historical mineralization through a new drill program, with the intention of re-evaluating the Snegamook deposit and establishing an initial resource estimate.

The Snegamook Project is strategically located to the southeast of Snegamook Lake within Labrador's Central Mineral Belt and less than 1 km south of the Two Time Zone (Indicated and Inferred resource of 5.55 Mlb U3O8, June 2008)*, formerly held by Silver Spruce Resources Inc. as part of a larger land package. The Project consists of a mineral licence block comprised of 17 contiguous claims covering 423 hectares and is located near several large-scale uranium discoveries including the Two Time, Moran, Kitts, and Jacques Lake deposits. (Figure 1)



Figure 1: Snegamook Project Location Map - Central Mineral Belt, Labrador, Canada.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/244991_ebaabc279448faea_002full.jpg

The Central Mineral Belt in Labrador also hosts Paladin Energy Limited's recently acquired Michelin deposit (Measured and Indicated resource of 82.2Mlb U3O8).* Uranium was first discovered in the Central Mineral Belt in 1951 and despite hosting numerous large-scale uranium discoveries, it remains relatively under-explored. Readers are cautioned that past results or discoveries on properties in proximity to the Project are not necessarily indicative of the presence of similar mineralization on the Project.

Silver Spruce Resources conducted significant exploration work on the Snegamook Project between 2006 and 2008 consisting of airborne radiometric and magnetic surveys, follow-up prospecting, lake sediment and soil sampling, radon gas surveys, geological mapping, trenching, and diamond drilling. The success of this exploration program resulted in a preliminary resource estimate that has been made available to Azincourt. This resource estimate was never finalized or filed and consequently is not National Instrument 43-101 compliant.

Azincourt has made every effort to acquire all available historical data existing for the Project. Geophysical survey results for 2006 and diamond drilling results for 2007 were available through the online assessment report database from the Government of Newfoundland and Labrador. The Company was also able to acquire surveying data from Silver Spruce Resources, which included the 2008 diamond drilling data which was never filed for assessment. The digital geophysical data is not available however, the drilling data appears to be approximately 90% complete. The current dataset provides a good base on which to build.

Between 2007 and 2008, Silver Spruce completed 44 diamond drill holes in the Snegamook area, of which 35, totalling 10,017.6 m, were within the current Snegamook Project area. This drilling, to follow up a radon gas anomaly, identified the Snegamook Zone uranium occurrence located 1.3 km along strike to the southeast of the Two Time Zone. 17 drill holes intersected a 20 to 50 m wide section of uranium bearing brecciated and altered monzodiorite with moderate to strong chlorite, hematite and carbonate alteration, the same geological setting as the Two Time Zone. (Figure 2)



Figure 2: Snegamook and Two Time Zone mineralization map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/244991_ebaabc279448faea_003full.jpg

Four mineralized lenses were traced over a strike length of 300 meters and to a vertical depth of 200 meters. The lenses are shallow dipping and vary in width from five to 53 meters with values ranging from 225 to 771 ppm U3O8. Individual one meter sample values range from 50 to 1,110 ppm U3O8, with the widest section in drill hole SN-08-8 averaging 206 ppm U3O8 over 73 meters. Mineralization and related hydrothermal alteration appear to be structurally controlled within lineaments cross-cutting the host intrusive gneissic units. The zones appear to be disrupted to the south and down dip by steeply dipping fault structures that displace the basement gneiss but remain open to the north. (Figure 3)



Figure 3: Snegamook Zone cross section.

To view an enhanced version of this graphic, please visit:
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Two drill holes tested a radon gas anomaly 500 meters to the south of the Snegamook Zone. (Figure 2) They intersected nine meters (210 to 219 m) of 552 ppm U3O8 and five meters (191 to 196 m) of 224 ppm U3O8. Higher grade zones, 0.11% U3O8 over 3 m and 0.11% U3O8 over 2 m, were located within the highlighted zone in SN-08-18.

In 2008 a preliminary resource estimate for the Snegamook Zone was prepared by Silver Spruce Resources, however it was never finalized in a report or filed. The company does not consider this resource estimate to be current or NI43-101 compliant, although it will provide a good base to assist in building a compliant estimate as the historical data is analysed, and more drilling is completed on the deposit. (Figure 4) describes the resource block model from the unpublished and non-compliant preliminary resource estimate.

Despite a recent increase in activity and discoveries in the Central Mineral Belt, the Project area remains relatively underexplored. Azincourt is currently planning a drill program to confirm and expand the historical mineralization.

"Being able to get our hands on a uranium deposit that has not seen any attention in over 15 years is exciting," commented Vice President of Exploration Trevor Perkins. "We are starting from a good position with regards to an understanding of what we may have and are excited to see if we can establish an initial resource estimate at Snegamook. The chance to improve a deposit within an emerging uranium camp is a significant opportunity for Azincourt", continued Mr. Perkins.



Figure 4: Snegamook Zone block model from 2008

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*The historical interpretation and drill intersections described here in have not been verified and are extracted from news releases issued by Silver Spruce Resources Inc on April 24, 2008, and August 12, 2008, as well as annual Management Discussion and Analysis documents filed on www.sedarplus.ca, and disclosure published on the website for Paladin Energy Limited (www.paladinenergy.com.au). The Company has not completed sufficient work to confirm and validate any of the historical data from the Snegamook occurrence. The Company considers the historical work a reliable indication of the potential of the Project and the information may be of assistance to readers.

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by C. Trevor Perkins, P.Geo., Vice President, Exploration of Azincourt Energy, and a Qualified Person as defined by National Instrument 43-101.

About Azincourt Energy Corp.

Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects. The Company has been a uranium explorer for over a decade and is currently active at both its Snegamook advanced exploration project in the Central Mining Belt of Labrador and its majority-owned joint venture East Preston uranium project located in the Athabasca Basin, Saskatchewan.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

"Alex Klenman"
Alex Klenman, President & CEO

For further information please contact:

Alex Klenman, President & CEO
Tel: [phone]
[e-mail]
Azincourt Energy Corp.
1430 - 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Azincourt Energy Corp.

[Lone Clone]

Pegasus Resources Secures 75% Ownership of Drill-Ready Jupiter Uranium Project in Utah

https://www.accessnewswire.com/newsroom/en/metals-and-mining/pegasus-resources-secures-75-ownership-of-drill-ready-jupiter-uranium-project-in-1001500

Tuesday, 18 March 2025 08:30 AM

VANCOUVER, BC / ACCESS Newswire / March 18, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0)(OTC PINK:SLTFF) (the "Company" or "Pegasus") is excited to share that it has made the final property payment for its Jupiter Uranium Project, a drill-ready and permitted asset in Utah, securing a 75% ownership interest. Under the terms of the agreement, Pegasus will earn 100% ownership upon the commencement of drilling.

The acquisition of a 75% stake in the Jupiter Uranium Project marks a significant step in Pegasus' strategy to build a high-quality uranium asset portfolio in the United States. The project is located in a mining-friendly jurisdiction with a strong uranium production history, positioning Pegasus to capitalize on the growing demand for domestic uranium supply.

"With the completion of this acquisition, Pegasus is now in full control of a premier uranium project in the U.S. As global uranium demand surges and nuclear energy gains traction as a clean energy solution, we are positioned to capitalize on this trend by advancing Jupiter toward full-scale exploration and development," stated Christian Timmins, CEO of Pegasus Resources Inc.

With this ownership milestone secured, Pegasus is preparing for an initial drill program to expand known uranium mineralization and fast-track resource definition. This drilling will also trigger the final step in earning 100% ownership of the Jupiter Uranium Project.

Uranium prices have been climbing steadily, driven by growing demand for nuclear power and concerns over supply security. The U.S. government's emphasis on domestic uranium production presents a unique opportunity for Pegasus as it advances its key assets.

The Company remains focused on executing its exploration strategy and will provide further updates on the drilling timeline for the Jupiter Uranium Project.

About Pegasus Resources Inc.

Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The Company's flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.

For additional information, please visit www.pegasusresourcesinc.com.

On Behalf of the Board of Directors:

Christian Timmins
President, CEO and Director

Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410
X: https://twitter.com/MrChris_Timmins
X: https://twitter.com/pegasusresinc
E: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, statements regarding creation of value for Company shareholders and results of operations.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.

The forward-looking information contained in this press release represents the expectations of Pegasus as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Pegasus may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SOURCE: Pegasus Resources, Inc.

[Lone Clone]

Searchlight Resources Stakes in the Athabasca Basin

New Staking in Eastern Athabasca Basin
2 new claims covering 3,902.8 hectares (39.0 sq km)
Within 2 km of anomalous uranium and REE drill holes
Close to road and electrical infrastructure

https://www.newsfilecorp.com/release/244836/Searchlight-Resources-Stakes-in-the-Athabasca-Basin

March 17, 2025 9:56 AM EDT | Source: Searchlight Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - March 17, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce the staking of two mineral claims in the Eastern Athabasca Basin in Northern Saskatchewan, located approximately 45 kilometres north of the Cigar Lake Uranium Mine, and 5 kilometres west of Highway 905.

During a recent Saskatchewan claim reopening, Searchlight staked claims MC00019721 and MC00019725, covering 3,902.8 hectares within the Athabasca Basin which hosts the highest-grade operating Uranium mines in the world. The claims are less than 5 km west of Highway 905, and the Northern Saskatchewan hydro electrical line to Stony Rapids runs through the claims.

The new claims are bordered on the north, west and east by Denison Mines Corp. and several historical diamond drill holes with anomalous uranium and rare earth values are located on claims to the north (Map 1). Searchlight will soon begin detailed geological evaluation of these new claims, and planning for future exploration.

"These claims align with Searchlight's exploration strategy of generating new critical element projects by staking", stated Stephen Wallace, P. Geo, President and CEO of Searchlight.

These claims are now part of the Searchlight's uranium project portfolio, which includes the Duddridge Lake Uranium Deposit with a historic 43-101 inferred resource estimate of 227,880 tonnes, and a grade of 2.14 lbs/tonne U3O8 (Fission Energy Corp, 2007). Additionally, assays of 9.8% U3O8, 1.6% Cu, 0.2% V, 0.2 oz/ton Au and 7.0 oz/ton Ag have been reported in historic boulder samples (SMDI 0700a). The Duddridge project is accessible by an all-season gravel road, Highway 910, within 10 km of the deposit, and direct access by winter road and ATV trail in summer.



Map 1. Searchlight Claims MC00019721 and MC00019725

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Director Resignation

Bruce Fair has resigned as a director of the Company. The Company wishes Mr. Fair well in his future endeavours.

Data Source

The 43-101 technical report completed by Fission Energy Corp, titled "Report on the Duddridge Lake Uranium Property, Northern Saskatchewan, NTS 73O/9", was submitted by Stuart C. Fraser, P. Geol. on June 15, 2007.

The Duddridge Lake Uranium deposit technical report was not commissioned or completed by Searchlight and therefore is being treated as a historical resource estimate under 43-101 disclosure. The historical resource estimate used "inferred mineral resource", which is a category of NI 43-101. As a result, Searchlight considers the historical resource estimate as reliable as well as relevant as it represents a key target for work to be done by Searchlight. Searchlight has not undertaken any independent investigation of the resource estimates, nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and the Company is not treating the historical estimate as a current resource.

Qualified Person

Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

About Searchlight Resources - Where the Critical Elements Supply Chain Begins

Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. The Company's exploration model of Project Generation coupled with Targeted Exploration, focuses on battery minerals and gold throughout the province.

On behalf of the Board of Directors,

"Stephen Wallace"
Stephen Wallace, President, CEO and Director

SEARCHLIGHT RESOURCES INC.

For further information, visit the Company's website at www.searchlightresources.com or contact:

Searchlight Resources Inc.
Alf Stewart, VP Corporate Development
[phone]
[e-mail]

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Searchlight Resources Inc.

[Lone Clone]

Myriad Uranium Reports Chemical Assays on 20 Copper Mountain Boreholes. Confirmed U3O8 Grades Are 20% Higher on Average than Previously Reported Gamma Grades. Assays also Reveal the Presence of Extensive Uranium Mineralisation That Could Not Be Detected by the Probe, with Potential Positive Implications for Historical Estimates. Large Number of Additional Intervals to Be Sent for Assay

https://www.newsfilecorp.com/release/244820/Myriad-Uranium-Reports-Chemical-Assays-on-20-Copper-Mountain-Boreholes.-Confirmed-U3O8-Grades-Are-20-Higher-on-Average-than-Previously-Reported-Gamma-Grades.-Assays-also-Reveal-the-Presence-of-Extensive-Uranium-Mineralisation-That-Could-Not

March 17, 2025 7:30 AM EDT | Source: Myriad Uranium Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 17, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q)

[Lone Clone]

Purepoint Uranium Commences Initial Drill Program Along Groomes Lake Conductive Corridor, Smart Lake JV Project

https://www.newsfilecorp.com/release/244614/Purepoint-Uranium-Commences-Initial-Drill-Program-Along-Groomes-Lake-Conductive-Corridor-Smart-Lake-JV-Project

March 17, 2025 6:30 AM EDT | Source: Purepoint Uranium Group Inc.

Toronto, Ontario--(Newsfile Corp. - March 17, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the commencement of a first-pass drill program along the high-priority Groomes Lake Conductive Corridor at the Smart Lake Joint Venture (JV) project in Saskatchewan's Athabasca Basin. The program will include four drill holes, totalling approximately 1,400 metres, to test the conductive belt of rocks refined by the 2024 ground electromagnetic (EM) survey.

The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint's Hook Lake JV project.

"We are excited to launch this next phase of exploration at Smart Lake," said Chris Frostad, President & CEO of Purepoint Uranium. "While Smart Lake has seen previous drilling, this is the first time we are targeting our high-priority Groomes Lake conductors that were refined by the recent ground EM survey. Given the project's geological similarities to other major uranium deposits in the Athabasca Basin, we believe this program has the potential to advance Smart Lake's exploration story significantly."

Highlights

Targeting recently refined high priority Groomes Lake Conductive Corridor (Figure 1)
4 diamond drill holes planned, totaling 1,400 metres
Strong exploration partnership with Cameco enhances project development
Building on historical drilling success that confirmed basement-hosted uranium mineralization

Advancing a High-Potential Uranium Target

The Groomes Lake Conductive Corridor will be targeted by the 2025 drill program and builds on Purepoint's late-2024 stepwise-moving loop and fixed loop time domain electromagnetic (EM) survey conducted by Diaz Geophysical. The survey outlined three discrete, parallel EM conductors for over 2.2 kilometers (Figure 1). The three EM conductors are approximately 100 metres apart, lie within a magnetic low response and are conformable with interpreted geologic contacts. Airborne geophysics show the conductors continue westward onto NexGen's neighbouring SW1 Project for an additional 2 kilometres.

The historic vertical hole SAM-13 failed to explain the conductor source and is now assumed to have stopped approximately 45 metres short of the intended target. Inversion of the Groomes Lake conductivity results suggest the conductors continue to depth and present an excellent opportunity for a basement hosted 'Arrow'-style discovery.

Previous drilling at Smart Lake intersected anomalous uranium within faulted and altered basement rocks, with drill hole SMT08-05 returning 147 ppm U over 15.4 metres (153.0 to 168.4 metres) from a hematite breccia and faulted sheared zone. The current drill program will test conductors in a structurally complex setting that has demonstrated the potential to host significant uranium mineralization.

Strategic Positioning in the Athabasca Basin

Purepoint continues to advance a highly prospective project portfolio in the Athabasca Basin, leveraging its strong partnerships with Cameco and other industry leaders. With uranium prices strengthening and the global supply-demand gap widening, the Company remains committed to unlocking new uranium discoveries through systematic, high-quality exploration.



Figure 1: Groomes Lake Conductive Corridor - 2024 Stepwise-Moving Loop (SWML) and Fixed Loop (FL) Time Domain Electromagnetic survey results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/244614_23e24f3cd4fb7958_002full.jpg



Figure 2: Smart Lake Project Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/244614_23e24f3cd4fb7958_003full.jpg

About Smart Lake

The Smart Lake Project is located approximately 60 km south of the historic Cluff Lake mine and 18 km west-northwest of the Hook Lake JV Project (Figure 2). The property spans 9,860 hectares within the Athabasca Basin, an area renowned for hosting the world's highest-grade uranium deposits.

Initial exploration at Smart Lake established the presence of graphitic shear zones, hydrothermal alteration, and anomalous radioactivity. The favourable geological indicators, combined with its strategic location and extensive geophysical data, position Smart Lake for uranium exploration success.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

Scott Frostad BSc, MASc, P.Geo., Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: [phone]
Email: [e-mail]

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of the future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

SOURCE: Purepoint Uranium Group Inc.

[Lone Clone]

Denison Reports Financial and Operational Results for 2024 Highlighted by Significant Advancement of the Phoenix Project

https://www.newswire.ca/news-releases/denison-reports-financial-and-operational-results-for-2024-highlighted-by-significant-advancement-of-the-phoenix-project-865337590.html

News provided by Denison Mines Corp. Mar 13, 2025, 20:58 ET

TORONTO, March 13, 2025 /CNW/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Audited Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the year ended December 31, 2024. Both documents will be available on the Company's website (at www.denisonmines.com), SEDAR+ (at www.sedarplus.ca) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version
















Denison Reports Financial and Operational Results for 2024 Highlighted by Significant Advancement of the Phoenix Project (CNW Group/Denison Mines Corp.)





David Cates, President and CEO of Denison commented, "The Denison team was active across all aspects of our business in 2024, and owing to several important achievements during the year, we are well-positioned to execute on our objective to build and operate the next new large-scale uranium mine in northern Saskatchewan.



We significantly advanced the regulatory approvals process for our Phoenix In-Situ Recovery ('ISR') project, culminating in the Canadian Nuclear Safety Commission ('CNSC') scheduling a two-part public hearing ('Hearing') for the project to occur in late 2025, which could allow for project approvals and start of construction in early 2026 and for first production to be achieved, in line with our previous guidance, by the first half of 2028.

In anticipation of this timeline, our operations team has progressed our detailed design engineering efforts for Phoenix – having achieved approximately 65% completion of total engineering by the end of 2024. With clarity on the Hearing schedule, our operations team can now finalize our construction plans with greater precision and with an objective to be ready to commence construction shortly after receiving the necessary regulatory approvals.

We also announced the signing of a Mutual Benefits Agreement with Kineepik Métis Local #9, a Community Benefit Agreement with the northern Village of Pinehouse Lake, and a Sustainable Communities Investment Agreement with multiple northern municipalities. With each of these agreements, Denison has obtained further consent and support for mine development and operations on the Wheeler River property.

Beyond Wheeler River, there were notable developments from our McClean Lake and Midwest joint ventures with Orano Canada Inc. ('Orano Canada') and our exploration project portfolio. At McClean Lake, development work progressed at the McClean North deposit in preparation for the restart of mining in 2025, which will use the joint venture's patented Surface Access Borehole Resource Extraction ('SABRE') mining method. At Midwest, an inaugural ISR field test program was completed, which validated key assumptions and advanced our evaluation of the potential use of ISR mining at Midwest. In an effort to amplify our exposure to exploration discovery, we also entered into agreements with each of Foremost Clean Energy (Nasdaq: FMST) and Cosa Resources (TSX-V: COSA) to collaborate on the exploration of several of Denison's non-core exploration properties.

Our diverse portfolio of Athabasca Basin uranium mining, development and exploration projects provides Denison with several levers to enhance our exposure to the ongoing positive evolution of the uranium market. Despite recent volatility on the spot market, where transactions are often discretionary and volumes can be sporadic, the market for long-term supply contracts continues to demonstrate strength, as evidenced by the 16% increase in UxC's long-term price indicator from US$68.00/lb U3O8 to US$79.00/lb U3O8 during 2024.

Looking ahead, we entered 2025 with a strong debt-free balance sheet that can support Denison's ambitious plans for this year and beyond. While we continue to invest in exploration and evaluation programs at our pipeline properties, we remain laser focused on readying Phoenix for a Final Investment Decision ('FID') and the commencement of construction in early 2026. Accordingly, our efforts will continue to concentrate on the completion of (i) detailed engineering design, (ii) provincial and federal licencing and permitting, (iii) pre-FID construction planning and field work, and (iv) long-lead procurement activities, including the expected purchase of over $60 million in additional equipment that is reflected in the initial capital purchases estimated in our 2023 Phoenix Feasibility Study ('Phoenix FS')"

Highlights

Significant Progress Achieved in the Regulatory Approvals Process for the Phoenix ISR Project

Multiple key regulatory milestones were achieved in late 2024, including (i) completion of the technical review phase of the federal EA approval process in November, (ii) acceptance by the CNSC of the Company's final Environmental Impact Statement ('EIS') for the Project in December, and (iii) the CNSC's determination of the sufficiency of Denison's Licence to Prepare and Construct a Uranium Mine and Mill ('Licence') application, also in November.

These accomplishments indicate that the CSNC staff support the advancement of the Project. Accordingly, the CNSC Registrar has set the schedule for the Hearing for the Wheeler River Uranium Project ('Wheeler River'). The Hearing is scheduled to be held in two parts (October 8, 2025, and December 8 to 12, 2025) and represents the final step in the federal approval process for the Project's Environmental Assessment ('EA') and Licence.

Additionally, in October 2024, Denison submitted a final EIS to the Saskatchewan Ministry of Environment ('MOE'), in substantially the same form as the EIS that has been submitted to the CNSC. The province completed a public and Indigenous review period on the EIS in November and December 2024, of which the comments received will be considered in the issuance of a Ministerial Decision for the EA.

Achieved Approximately 65% Completion of Total Engineering for Phoenix

In January 2024, Denison awarded a contract for approximately $16 million to Wood Canada Limited ('Wood'), for the completion of detailed design engineering for the Phoenix ISR project. The contracted scope of the facilities to be designed by Wood is extensive. The work commenced in the first quarter of 2024 and is expected to be substantially completed in the third quarter of 2025. Throughout 2024, the Company continued to focus its efforts on the advancement of Phoenix towards a FID, in support of its objective to achieve first production by the first half of 2028, including the advancement of Phoenix detailed design engineering activities to support an FID.

Total engineering completion at end of 2024 was approximately 65%, supported by finalization of process design, piping and instrumentation diagrams ('P&ID's'), hazard and operability studies ('HAZOPs'), as well as the selection of major process equipment and electrical distribution infrastructure.

Signing of Wheeler River Benefit Agreements with Kineepik Métis Local #9 and the Village of Pinehouse Lake

In early July 2024, Denison announced the signing of a Mutual Benefits Agreement ('MBA') with Kineepik Métis Local #9 ('KML'), and a Community Benefit Agreement ('CBA') with the northern Village of Pinehouse Lake ('Pinehouse'), in support of the development and operation of Wheeler River.

The MBA acknowledges that Wheeler River is located within KML's Land and Occupancy Area in northern Saskatchewan and provides KML's consent and support to advance the project. Additionally, the MBA recognizes that the development and operation of Wheeler River can support KML in advancing its social and economic development aspirations, while mitigating the impacts on the local environment and KML members. The MBA provides KML and its Métis members an important role in environmental monitoring and commits to the sharing of benefits from the successful operation of Wheeler River – including benefits from community investment, business opportunities, employment and training opportunities, and financial compensation.

The CBA acknowledges that Pinehouse is the closest residential community to Wheeler River by road and relies on much of the same regional infrastructure that Denison will rely on as it advances the project. Pinehouse has provided its consent and support for Wheeler River, while Denison, on behalf of the Wheeler River Joint Venture ('WRJV'), is committed to help Pinehouse develop its own capacity to take advantage of economic and other development opportunities in connection with the advancement and operation of the project.

Signing of Sustainable Communities Investment Agreement

In March 2024, Denison signed a Sustainable Communities Investment Agreement with the municipalities of the Northern Village of Beauval, the Northern Village of Île-à-la Crosse, the Northern Hamlet of Jans Bay, and the Northern Hamlet of Cole Bay (the 'Communities').

The agreement with the Communities establishes commitments of Denison in support of community development initiatives, with consideration towards contributing to the current and future economic prosperity and sustainability of the Communities by promoting economic development and investments in capital projects, job creation and training, housing, education, and other initiatives.

As part of the agreement, the Communities have provided their consent and support for Wheeler River and have committed, amongst other things, to support all regulatory approvals issued for the project related to exploration, evaluation, development, operation, reclamation, and closure activities.

Announcement of Planned Restart of McClean Lake Mining Operations

In January 2024, Orano Canada and Denison announced the planned restart of uranium mining operations on the McClean Lake property. Mining is expected to be carried out using the McClean Lake Joint Venture's ('MLJV') patented SABRE mining method and is planned to commence at the McClean North deposit in 2025. Activities during 2024, included the completion of the Pod 1 East SABRE pad, drilling four access holes at Pod 1 East, and associated procurement activities. A further four access holes are planned to be completed in the second quarter of 2025.

Completion of Inaugural ISR Field Test Program at Midwest

In June 2024, Denison announced the completion of an ISR field test program at the Company's 25.17% owned Midwest Uranium Project ('Midwest'). The program involved drilling ten small diameter boreholes within the Midwest Main deposit primarily undertaken to evaluate site-specific conditions for ISR mining. A series of tests were successfully performed on each borehole, creating an extensive database of geological, hydrogeological, geotechnical, and metallurgical data and validating certain key assumptions in the previously completed internal conceptual mining study (the 'Concept Study') evaluating the potential use of ISR mining at Midwest (see Press Release dated April 12, 2023).

Denison carried out the Program in collaboration with Orano Canada, as operator and owner of 74.83% of the Midwest Joint Venture ('MWJV'). Highlights from the program include:

Confirmation of Hydraulic Conductivity: Pump and injection tests validated hydraulic connectivity in the test wells within the mineralized zone and achieved hydraulic conductivity values (a measure of permeability) consistent with the Concept Study. Sufficient permeability within the mineralized zone is a key criterion for the successful deployment of the ISR mining method.
Demonstrated the Effectiveness of Permeability Enhancement: One method of permeability enhancement was successfully deployed within two wells, demonstrating the suitability of the method to the Midwest Main deposit. The efficiency of permeability enhancement was verified by comparison of pre- and post-permeability enhancement hydraulic testing.
Metallurgical Samples Defined and Collected for Leaching Characteristics: Core samples representative of the Midwest Main deposit were collected during the program for use in future metallurgical tests to assess leaching characteristics.

Acquisition of MaxPERF Tool Systems

In February 2024, the Company announced an acquisition of fixed and mobile MaxPERF Tool Systems from Penetrators Canada Inc. ('Penetrators'). The MaxPERF Tool Systems have been successfully deployed several times as a method of permeability enhancement in ISR field studies conducted on the Company's potential ISR mining projects, including at Phoenix. Penetrators has also agreed to work exclusively with Denison for a 10-year period with respect to the use of the MaxPERF Tool Systems for uranium mining applications, and related services, in Saskatchewan.

Option of Non-Core Exploration Projects to Foremost Clean Energy Ltd.

In September 2024, Denison executed an option agreement with Foremost Clean Energy Ltd ('Foremost'), which grants Foremost a multi-phase option to acquire up to 70% of Denison's interest in 10 non-core uranium exploration properties (collectively, the 'Foremost Transaction'). Pursuant to the Foremost Transaction, Foremost would acquire such total interests upon completion of a combination of direct payments to Denison and funding of exploration expenditures with an aggregate value of up to approximately $30 million. In October 2024, Denison received an upfront payment in Foremost common shares. At December 31, 2024, Denison has a ~19.13% ownership interest in Foremost. If Foremost completes the remaining two phases of the Foremost Transaction Denison will receive further cash and/or common share milestone payments of $4.5 million and Foremost will fund $20 million in project exploration expenditures.

Formation of Exploration Joint Ventures with Cosa Resources Corp.

In November 2024, Denison executed an acquisition agreement with Cosa Resources Corp. ('Cosa') for Cosa to acquire a 70% interest in three of Denison's properties in the eastern portion of the Athabasca Basin region in northern Saskatchewan in exchange for approximately 14.2 million Cosa common shares, $2.25M in deferred equity consideration, and a commitment to spend $6.5 million in exploration expenditures on the properties. The transaction closed in early January 2025, pursuant to which Denison became Cosa's largest shareholder (representing ~19.95% ownership interest in Cosa) and Denison and Cosa formed three uranium exploration joint ventures.

Appointment of New Board Chair

In May 2024, following the results of the Annual General Meeting of Shareholders ('AGM') held in Toronto, Denison announced the appointment of Ms. Jennifer Traub as the Company's new Board Chair. The former Board Chair, Mr. Ron Hochstein, did not stand for re-election at the AGM. Ms. Traub, who joined the Denison Board in 2021, is a partner in the Securities Group, and Co-Chair of the Mining Group, at Cassels Brock & Blackwell LLP, and has been recognized as a legal leader in the Canadian resource sector.

About Denison
Denison Mines Corp. was formed under the laws of Ontario and is a reporting issuer in all Canadian provinces and territories. Denison's common shares are listed on the Toronto Stock Exchange (the 'TSX') under the symbol 'DML' and on the NYSE American exchange under the symbol 'DNN'.

Denison is a uranium mining, exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. In mid-2023, the Phoenix FS was completed for the Phoenix deposit as an ISR mining operation, and an update to the previously prepared 2018 Pre-Feasibility Study ('PFS') was completed for Wheeler River's Gryphon deposit as a conventional underground mining operation. Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019 and have advanced significantly, with licensing in progress and a draft Environmental Impact Study ('EIS') submitted for regulatory and public review in October 2022.

Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint Venture ('MLJV'), which includes unmined uranium deposits (planned for extraction via the MLJV's SABRE mining method starting in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Joint Venture ('MWJV')'s Midwest Main and Midwest A deposits, and a 70.32% interest in the Tthe Heldeth Túé ('THT') and Huskie deposits on the Waterbury Lake Property ('Waterbury'). The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, the Company has direct ownership interests in properties covering ~384,000 hectares in the Athabasca Basin region.

Additionally, through its 50% ownership of JCU (Canada) Exploration Company, Limited ('JCU'), Denison holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).

Technical Disclosure and Qualified Person
The technical information contained in this press release has been reviewed and approved by Chad Sorba, P.Geo., Denison's Vice President Technical Services & Project Evaluation, and Andy Yackulic, P.Geo., Denison's Vice President Exploration, who are both Qualified Persons in accordance with the requirements of NI 43-101.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this press release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'.

In particular, this press release contains forward-looking information pertaining to the following: projections with respect to exploration, development and expansion plans and objectives, including the scope, objectives and interpretations of the FS, PFS and the Wheeler River technical de-risking process for the proposed ISR operation for the Phoenix deposit; expectations with respect to the EA, EIS and licensing and permitting for proposed operations at Wheeler River, including the Hearing; expectations with respect to mine development and operations on the Wheeler River property, including discussions of an FID and timing for construction and achievement of first production; anticipated benefits of the transactions with Foremost and Cosa; expectations regarding the restart of mining operations at McClean Lake; expectations regarding the assessment of the amenability of ISR for THT and advancement of technical studies for the Midwest deposit; expectations regarding the performance of the uranium market and global sentiment regarding nuclear energy; expectations regarding Denison's joint venture ownership interests; and expectations regarding the objectives and continuity of its agreements with third parties, including the MBA, CBA, and Sustainabilie Communities Investment Agreement. Statements relating to 'mineral reserves' or 'mineral resources' are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future.

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the results and underlying assumptions and interpretations of the FS and PFS may not be maintained after further testing or be representative of actual conditions within the applicable deposits. In addition, Denison may decide or otherwise be required to discontinue testing, evaluation, engineering, and development work if it is unable to maintain or otherwise secure the necessary approvals or resources (such as testing facilities, capital funding, etc.). Denison believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the MD&A dated March 13, 2025 under the heading 'Risk Factors'. These factors are not, and should not be, construed as being exhaustive.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this press release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.

SOURCE Denison Mines Corp.

For more information, please contact: David Cates [phone] ext. 362, President and Chief Executive Officer; Geoff Smith, [phone] ext. 358, Vice President Corporate Development & Commercial; Follow Denison on Twitter, @DenisonMinesCo

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Canalaska/Nexus Uranium Provides Interim Drill Results from Cree East Project

https://www.newsfilecorp.com/release/244399/Nexus-Uranium-Provides-Interim-Drill-Results-from-Cree-East-Project

March 13, 2025 8:00 AM EDT | Source: Nexus Uranium Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus" or the "Company") is pleased to provide an update on its ongoing drilling program at the Cree East Project in the Athabasca Basin, Saskatchewan (see Figure 1). Three drill holes, totaling 1,521 metres, have been completed in Area B as part of follow-up exploration targeting uranium mineralization.

Early results are highly encouraging, with one of the three holes returning elevated radiometric readings and all encountering significant structural disruption, hydrothermal alteration, and key geological features commonly associated with unconformity-related uranium deposits in the region. Notably, drill hole CRE-094 exhibited strong alteration patterns and elevated scintillometer counts associated with structural intervals throughout the graphitic pelite zone, reinforcing the potential for uranium mineralization.

Key Technical Highlights:

Drill hole CRE-094 (587m total depth) intersected the unconformity at 451m, with extensive hydrothermal alteration consisting of strong bleaching, limonite, clay, and sooty pyrite alteration in the lower sandstone column. The graphitic pelite zone showed multiple faulted and brecciated intervals associated with bleaching and chlorite alteration and with radiometric peaks up to 300 counts per second (cps) along re-activated structures.
Drill hole CRE-093 (581m total depth) intersected the unconformity at 438m, with moderate alteration. Structural analysis confirmed graphitic-pyritic fault zones with cataclastic deformation.
Drill hole CRE-092 was halted before reaching the target depth due to technical challenges. The lower sandstone column of CRE-092 was bleached with localized sooty pyrite alteration.

The drill program has successfully confirmed the presence of the targeted electromagnetic (EM) conductor, along with substantial structural deformation and elevated radioactivity (see Figure 2). These indicators suggest a favorable setting for uranium mineralization, warranting further step-out drilling. In comparison with other unconformity-hosted uranium deposits in the Athabasca Basin, drilling has observed similar alteration types, such as clay, limonite, and sooty pyrite in the sandstone. In the basement (below the unconformity), bleached and chlorite altered structurally-reactivated graphitic pelites have been observed which is also characteristic of the basement below these types of deposits.

We are extremely encouraged by the initial drill results at Cree East" commented Jeremy Poirier, CEO of Nexus Uranium. "The presence of strong alteration, fault structures, and elevated radiometric counts aligns with the geological framework necessary for uranium mineralization. These findings validate our exploration model and reinforce the potential of this underexplored region. With drilling ongoing, we are eager to continue refining our targets and advancing this exciting discovery."

Next Steps:

Drilling remains active at Area B, with a focus on testing additional zones up-dip from CRE-094 and along strike of the EM conductor. Exploration will continue as long as weather conditions allow, and further updates will be provided as results are received and analyzed.



Figure 1: Cree East Project Location

To view an enhanced version of this graphic, please visit:
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Figure 2: Cree East Plan View & Cross Section of CRE-094

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Drillhole Details:

CRE-093: Drill hole CRE-093 was oriented at an azimuth of 325° and a dip of -80° was drilled for 581 meters, with the hole intersecting the unconformity at 438 metres downhole. The overlying Athabasca sandstones was strongly bleached and showed discrete zones containing sooty and pervasive pyrite. The graphitic pelite was intersected from 469.8 to 490.0 meters, about 30 meters down hole of the unconformity. The graphitic pelite displayed a cohesive cataclastic fault zone with subrounded feldspatic clasts suspended in a dark black matrix with quartz veining throughout. Moderately graphitic throughout, intervals contain bands of structurally concentrated graphite up to 1 mm thick and a wavy shear fabric. Chloritic alteration was weak to moderate from 17 meters below the unconformity to the end of the hole coincident with the chloritic alteration the final 50 meters of the hole the core was bleached with intervals of quartz flooding through brecciated zones containing pyrite and potassium feldspar.

CRE-094: Drill hole CRE094 was collared 200 metres southwest of hole CRE-093 and oriented at 300° at a dip of -70 and drilled for 587 meters, with the hole intersecting the unconformity at 451 metres. The overlying Athabasca sandstones displayed moderately to strongly bleached sections coincidental with moderate to strong sooty pyrite occurring from 256 to 448 meters. Graphitic pelite was intersected from 484.9 to 526 meters, 34 meters down hole of the unconformity. This zone was described as a dark fine grained graphitic pelite moderately chloritized with three zones hosting centimeter to decimeter brecciated to cataclastic faulting with abundant pyrite occurring as interstitial nodules and in veins throughout the fault structures and the pelite. Several of the brecciated intervals are radiometrically elevated with a peak of 300 cps at 505.1m associated with chlorite carbonate pyrite cohesive breccia. Chlorite alteration was moderate to strong from 449 meters to the end of the hole, dravite was observed in a fault breccia 5 meters below the graphitic pelite.

Table 1: Drill Collar Summary

Hole ID UTM_East UTM_North Collar Elevation (m) Azimuth (º) Dip (º) TD (m)
CRE092 428,819.00 6363231 515 323 -80 353
CRE093 428,817.00 6363233 515 326 -80 581
CRE094 428,680.00 6363088 520 299 -70 587


Table 2: Scintillometer Counts & Core Photo from CRE-094



To view an enhanced version of this graphic, please visit:
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Figure 3

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Geochemical Assay Sampling and Scintillometer Readings

All drill core samples from the program will be shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Sample intervals are chosen based on downhole probing logs and scintillometer (CT007-M) peaks. Assay sample intervals comprise 0.25 - 0.8 metre continuous half-core split samples over the mineralized intervals. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by field staff and the SRC in accordance with quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Nexus prior to disclosure.

All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined. The reader is cautioned that handheld scintillometer count per second (cps) readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. During active exploration programs drillholes are radiometrically logged using calibrated downhole GeoVista NGRS and TGGS (Triple GM) gamma probes which collect continuous readings along the length of the drillhole.

About Nexus Uranium Corp.

Nexus Uranium Corp. is a multi-commodity development company focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is one of the largest projects within the Athabasca Basin of Saskatchewan spanning 57,752 hectares (142,708 acres) and has seen over $20 million in exploration to date. The Napoleon project comprises over 1,000 hectares and prospective for multiple forms of gold mineralization, with exploration in the area dating back to the 1970s with the discovery of high-grade gold. The Yukon gold projects are comprised of almost 8,000 hectares of quartz claims prospective for high-grade gold mineralization with historical grab sampling highlights of 144 g/t gold.

The technical content of this news release has been reviewed and approved by Warren D. Robb, P.Geo. (BC), a Director and VP Exploration of Nexus Uranium Corp. and a Qualified Person under National Instrument 43-101.

--

FOR FURTHER INFORMATION PLEASE CONTACT:

Jeremy Poirier
Chief Executive Officer
[e-mail]

This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, any planned exploration at the Cree East Project. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that the Company will be successful in finalizing its planned drill program, including retaining a contractor to complete such program. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the conditions to closing of the proposed sale of the Company's interest in the Independence Project will not be satisfied and inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company's most recently filed management's discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

SOURCE: Nexus Uranium Corp.

[Lone Clone]

Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects

https://www.newsfilecorp.com/release/244386/Standard-Uranium-Provides-Exploration-Update-Highlighting-Results-of-Gravity-and-TDEM-Surveys-on-Three-Eastern-Athabasca-Uranium-Projects

March 13, 2025 7:00 AM EDT | Source: Standard Uranium Ltd.

Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU) ("Standard Uranium" or the "Company") is pleased to provide a summary of geophysical programs on three of its 100% owned Eastern Athabasca Basin uranium projects as part of its targeted exploration strategies to continue advancing its uranium portfolio in the Athabasca Basin region towards discovery.

The Company has received positive results from two high-resolution ground gravity surveys on the Atlantic and Rocas projects and an airborne time domain electromagnetic ("TDEM") survey on the Corvo project. High-priority exploration targets are being refined for each project based on prospective survey results and historical exploration data. Standard Uranium has continued delivering on its project generator model through expansion of landholdings and advancement of early-stage projects through geophysical surveys executed this winter, providing excellent turn-key opportunities for potential partners.

Highlights

Integrative Exploration Strategy: The geophysical surveys provide new data layers to characterize lithological variations and identify potential alteration signatures, in addition to further refining the structural architecture and known basement conductors related to uranium mineralization on the projects.

New Uranium Targets: The ground gravity grids completed on the early-stage Rocas and Atlantic projects and airborne TDEM survey covering the Corvo project have provided key geological information outlining high-priority exploration targets for high-grade* uranium.

Third-Party Data Analysis: Third-party processing of Atlantic and Rocas gravity data via Convolutions Geoscience aids in pinpointing high-priority drill targets comprising potential alteration signatures corresponding to complex structural trends.

Expanded Landholdings: The Company added nearly 45,000 acres of prospective land to its portfolio in 2024 through project expansion and staking, increasing exposure to the eastern Athabasca uranium district, providing additional joint venture and land deal opportunities.

"The discovery potential on our Eastern Athabasca projects continues to expand through meaningful exploration, and the results of the recent geophysical programs have bolstered our targeting strategy in this exciting district," said Sean Hillacre, President & VP Exploration for the Company. "With these newly acquired layers of geoscience in our targeting toolbox, our technical team and I are eager to get these projects optioned and begin testing multiple exciting new target areas."



Figure 1. Overview of the eastern Athabasca Basin region highlighting Standard Uranium's projects under option and available for joint venture.

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Standard Uranium holds more than 233,000 acres of prime exploration real estate across the prolific Athabasca Basin region, which hosts the highest-grade uranium deposits on the planet. The Company boasts an attractive portfolio of uranium exploration projects which are available for joint venturing, ranging from early-stage to drill-ready projects throughout the Athabasca region. Importantly, these are "turn-key opportunities" with permits in hand, First Nations agreements signed, vendors secured, and with highly prospective uranium targets. The Company is actively seeking new joint venture partners on these projects.

Rocas & Atlantic Projects - Ground Gravity Survey

MWH Geo-Surveys (Canada) Ltd. completed high-resolution ground gravity surveys along known conductive exploration trends on the Rocas project and spanning the central claims of the Atlantic project. The surveys are designed to aid in the identification of potential zones of hydrothermal alteration of host rocks associated with uranium mineralization events.

The gravity surveys across the conductive structural corridors will improve definition of drill targets for future exploration programs. Convolutions Geoscience have completed detailed inversion and 3D modeling, which will provide additional vectoring layers for future drill programs. Value-added products include 3D density inversions, depth slices, modeling interpretation, and expert recommendations.

Four new drill target zones have been identified on the Rocas project, outlined via the confluence of low gravity anomalies, historical surface mineralization, lakebed geochemical anomalies, EM conductors, and crosscutting fault zones.

Corvo Project - TDEM Survey

Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics carried out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The Xcite is an advanced TDEM system capable of mapping subtle conductive units through a variety of geologic environments.

The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project. The magnetic survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes.

*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be "high-grade".

**The Company considers radioactivity readings greater than 300 counts per second (cps) to be "anomalous".

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a "qualified person" as defined in NI 43-101.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects.

About Standard Uranium (TSXV: STND)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 918, 1030 West Georgia Street
Vancouver, British Columbia, V6E 2Y3
Tel: [phone]
E-mail: [e-mail]

Cautionary Statement Regarding Forward-Looking Statements

This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company's exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended April 30, 2024.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Standard Uranium Ltd.

[Lone Clone]

Pegasus Resources Secures Key Uranium Asset with Successful Private Placement

https://www.accessnewswire.com/newsroom/en/metals-and-mining/pegasus-resources-secures-key-uranium-asset-with-successful-private-placement-999317

Wednesday, 12 March 2025 04:30 PM

VANCOUVER, BC / ACCESS Newswire / March 12, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0)(OTC PINK:SLTFF) (the "Company" or "Pegasus") is pleased to announce that it has closed its non-brokered private placement offering (the "Offering") announced February 27, 2025, raising gross proceeds of $340,354.02. A total of 5,672,567 units of the Company (the "Units", and each a "Unit") were issued at a price of C$0.06 per Unit.

Each Unit consists of one common share (each, a "Common Share", and collectively the "Common Shares") and one full common share purchase warrant (each warrant, a "Warrant" and collectively the "Warrants"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.12 per Common Share for a period of two years from the closing date of the Offering.




"We appreciate the continued confidence and support from our investors and insiders, which enables us to advance our uranium projects and take critical steps toward resource development and long-term value creation. With this financing closed, Pegasus will secure 75% ownership in the Utah uranium project Jupiter, positioning us for further expansion. Executing our maiden drill program will allow us to secure 100% ownership, further strengthening our asset base," stated Christian Timmins, CEO of Pegasus Resources. "With strong market fundamentals in the uranium sector, we remain committed to unlocking the full potential of our Energy Sands and Jupiter projects in Utah."

All securities issued in connection with the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities laws.

Finders' fees of $15,076 in cash and 251,272 finders' warrants (each a "Finders Warrant") were issued to eligible parties. Each Finders Warrant is non-transferable and exercisable for one Common Share at C$0.06 per share for a period of two years. Finders Warrants are subject to a statutory hold period of four months plus one day from the issuance date, in accordance with Canadian securities laws.

The net proceeds from the Offering will be used to complete the final payment on the Jupiter Uranium Property, securing Pegasus a 75% ownership interest. This strategic acquisition strengthens the Company's position in the uranium sector by expanding its resource base and increasing its control over a key asset in a highly prospective region. Additionally, funds will be allocated for general working capital and corporate purposes.

The Offering constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") because Insiders of the Company, including Christian Timmins, Noah Komavli, and Derrick Stickland, participated in the Offering. Additionally, the Offering included one Pro-group participant. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 under sections 5.5(a) and 5.7(1)(a), as the fair market value of Insider participation is below 25% of the Company's market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, any U.S. person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:

About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information, please visit the Company at www.pegasusresourcesinc.com.

On Behalf of the Board of Directors:

Christian Timmins
President, CEO and Director
Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410

Twitter: https://twitter.com/MrChris_Timmins
Twitter: https://twitter.com/pegasusresinc
E: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, statements regarding creation of value for Company shareholders, results of operations the size, timing and completion of the Offering, the use of proceeds from the Offering and the listing of the Common Shares (including the Common Shares underlying the Warrants and the broker warrants) on the TSXV upon closing of the Offering.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the COVID-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.

The forward-looking information contained in this press release represents the expectations of Pegasus as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Pegasus may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SOURCE: Pegasus Resources, Inc.

[Lone Clone]

Homeland Uranium Commences Trading on TSX Venture Exchange

https://www.newsfilecorp.com/release/244271/Homeland-Uranium-Commences-Trading-on-TSX-Venture-Exchange

March 12, 2025 8:00 AM EDT | Source: Homeland Uranium Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 12, 2025) - Homeland Uranium Corp. (TSXV: HLU) ("Homeland" or the "Company") is pleased to announce that the Company's shares will commence trading on the TSX Venture Exchange at the opening of trading today, March 12, 2025, under the symbol HLU (CUSIP: 43741D105).

The Company's common shares (under the former name Valleyview Resources Ltd. or "Valleyview") have been suspended from trading since August 16, 2024, in connection with the Company's reverse takeover (the "Shift Transaction") of Shift Rare Metals Inc. (see the news release dated March 10, 2025 which is available to review on the Company's SEDAR+ profile at www.sedarplus.ca and on the Company's website www.homeland-uranium.com). Coincident with the commencement of trading of Homeland Uranium Corp., the common shares of Valleyview will be delisted. Shareholders who held Valleyview common shares before the trading halt have had these securities automatically converted into common shares of Homeland.

The Company will now focus on the exploration of its 100% owned Redwash and Coyote Basin uranium properties (the "Redwash and Coyote Basin Properties") located in northwestern Colorado close to the border with Utah, within Moffat and Rio Blanco counties. Full details of the recently completed Shift Transaction and the Redwash and Coyote Basin Properties are contained in the Company's Filing Statement dated February 28, 2025, which is available for review on the Company's SEDAR+ profile at www.sedarplus.ca.

"The commencement of the trading of Homeland Uranium is the final milestone on our path to our transformation into a premier resourceful American-focused uranium explorer. With the transformation now complete, the Company is excited to be focusing our efforts on the exploration and development of our uranium-bearing Coyote Basin and grassroots Red Wash Projects in northern Colorado," stated Homeland Uranium President & CEO Roger Lemaitre.

About Homeland Uranium Corp.

Homeland Uranium Corp. a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is the 100% owner of the Coyote Basin and Red Wash uranium projects in northwestern Colorado. Homeland also has an ownership stake in the Fraser Lake Au-Ag-Cu project in British Columbia.

For further information, please contact:

Roger Lemaitre
President & Chief Executive Officer
Homeland Uranium Corp.
Tel: [phone]

Email: [e-mail]

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information in this news release includes, but is not limited to, statements with respect the date trading of the Company's common shares will commence and the future exploration of the Redwash and Coyote Basin Properties. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company's financial condition and development plans do not change as a result of unforeseen events and that future metal prices and the demand and market outlook for metals will remain stable or improve. Forward-Looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk that trading does not commence on the date anticipated as well as the general risk factors related to exploration and development as are set out under the heading "Risk Factors" in the Company's documents filed under Valleyview's issuer profile on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

SOURCE: Homeland Uranium Corp.

[Lone Clone]

Snow Lake Energy Acquires the Advanced Pine Ridge Uranium Project in Wyoming Through a Strategic Partnership with Global Uranium and Enrichment Limited

https://www.newsfilecorp.com/release/244297/Transformational-U.S.-Uranium-Transaction-Snow-Lake-Energy-Acquires-the-Advanced-Pine-Ridge-Uranium-Project-in-Wyoming-Through-a-Strategic-Partnership-with-Global-Uranium-and-Enrichment-Limited

March 12, 2025 7:00 AM EDT | Source: Snow Lake Resources Ltd

Winnipeg, Manitoba--(Newsfile Corp. - March 12, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, is pleased to announce that it has entered into a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE") (ASX: GUE), to acquire 100% of the Pine Ridge Uranium Project ("Pine Ridge") in the Powder River Basin in Wyoming, United States. In addition, Snow Lake will become a cornerstone investor in GUE though the acquisition of a 19.99% interest in GUE by participating in GUE's proposed AUD$9 million capital raise.

This acquisition and investment positions Snow Lake at the forefront of the uranium supply chain, securing exposure to significant and large uranium JORC 20121 resources in the United States, while also gaining access to next-generation uranium enrichment technology. For more information on GUE, their uranium asset portfolio, and the scope of their JORC 2012 mineral resource base, please refer to their website.2

Following its recent capital raisings totaling ~USD$37 million, Snow Lake is fully funded to make its contributions to the Joint Venture, and to make its strategic investment in GUE.

Investment and Acquisition Highlights

Premier U.S. Uranium Asset - Pine Ridge: Pine Ridge is located in Wyoming's Powder River Basin, and is an advanced In-Situ Recovery (ISR) uranium project primed for rapid development

Pine Ridge is a uranium project of potential significant scale with a large JORC 2012 exploration target. For more information on this exploration target see GUE's ASX Announcement dated March 12, 2025

Pine Ridge is surrounded by global-scale uranium projects held by UEC and Cameco, including Cameco's Smith Ranch Uranium Mill, which is located just 15km away, with a licensed capacity of 5.5M lbs U3O8 (see Figure 1)

Joint Venture management team has significant uranium exploration, development and permitting experience in the Powder River Basin in Wyoming

Drilling is expected to commence immediately after acquisition as part of an accelerated work program to advance Pine Ridge

Wyoming is the leading uranium-producing region in the United States, supported by a favourable regulatory environment and streamlined permitting processes

Key terms of the acquisition of Pine Ridge, and the Joint Venture between Snow Lake and GUE, are set out in Schedule A (below)

Cornerstone Investment: Snow Lake will acquire a strategic 19.99% stake in GUE by participating in GUE's proposed $9M AUD capital raise

Board Representation: Snow Lake CEO, Frank Wheatley, will join the Board of Directors of GUE as a Non-Executive Director, ensuring strategic alignment

Broader GUE Uranium Portfolio Exposure: Snow Lake's investment in GUE also provides indirect exposure to multiple premier uranium assets currently held by GUE, including:

Tallahassee Uranium Project (Colorado, USA): With a large JORC 2012 Mineral Resource. For more information on the resource, please refer to GUE's website3.

Ubaryon Investment: GUE holds a cornerstone position in Ubaryon, a pioneering Australian company developing next-generation uranium enrichment technology4

CEO Remarks

"We are thrilled to make the acquisition of the Pine Ridge Uranium Project together with Global Uranium and Enrichment Limited, and to make the investment in GUE to become their cornerstone investor" said Frank Wheatley, CEO of Snow Lake.

"The Powder River Basin in Wyoming is one of the preeminent uranium producing regions in the United States and this acquisition provides Snow Lake with a robust and strategic foothold in the United States. With global focus turning to nuclear energy to address energy security concerns, coupled with the United States administration's policies favoring domestic energy security and advanced nuclear technology, we see this acquisition and investment as a transformative opportunity to expand our uranium footprint and create value for our shareholders.

We are especially pleased with the exploration and development team GUE has assembled, with extensive background in both uranium exploration and operating in Wyoming, and we look forward to working closely with GUE and their team to rapidly advance the Pine Ridge Project, which we believe holds the potential to create substantial value for Snow Lake shareholders."



Figure 1: Location of Pine Ridge Uranium Project in Wyoming, U.S.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/244297_fa3dd388a467eb3c_001full.jpg

About Global Uranium and Enrichment Limited

Global Uranium and Enrichment Limited (GUE) is an Australian public listed company providing unique exposure to not only uranium exploration and development, but to the uranium enrichment space. Amid a nuclear energy renaissance, GUE is developing a portfolio of advanced, high grade uranium assets in prolific uranium districts in the United States and Canada, and has established a cornerstone position in Ubaryon Pty Ltd, an Australian uranium enrichment technology company.

For more information on GUE, please refer to their website5.

GUE Uranium Asset Portfolio:

Pine Ridge Uranium Project (Wyoming, U.S.): Located in the premier U.S. uranium mining region with a substantial JORC 2012 exploration target. More than 1,200 holes having been drilled on Pine Ridge, which have identified over 140 miles of redox fronts with potential to define a substantial In-Situ Recovery uranium resource base

Tallahassee Uranium Project (Colorado, U.S.): Located in Colorado's Tallahassee Creek Uranium District containing a substantial JORC 2012 resource

Athabasca Basin Projects (Saskatchewan, Canada): Portfolio of six high-grade exploration assets in the Athabasca Basin, home to the world's largest and highest-grade uranium mines. Portfolio includes the Newnham Lake Project with grades of up to 1,953ppm U3O8 from historic drilling, and the Middle Lake Project with boulder-trains grades of up to 16.9% U3O86

Ubaryon Investment (Australia): Cornerstone position in Ubaryon Pty Ltd, an Australian uranium enrichment technology company

Maybell Uranium Project (Colorado, U.S.): High grade JORC 2012 exploration target established at the project. Historical production of 5.3 million pounds of U3O8 (average grade 1,300ppm)

Rattler Uranium Project (Utah, U.S.): Located within La Sal Uranium District, Utah, 85km north of White Mesa Uranium/Vanadium mill, the only operating conventional uranium mill in the USA

GUE Management

GUE's Operational Staff includes Andrew Ferrier, Tim Brown, and Jim Viellenave. These three individuals have more than 80 years of exploration, development, and operating experience in mining and mineral processing, much of which is in uranium. Among the major projects worked on was the development, resource expansion, and full permitting for construction and operation of the Reno Creek ISR uranium project in Wyoming. Reno Creek is a very similar project to Pine Ridge and is located approximately 30 miles away.

Snow Lake Resources Ltd.

Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq:LITM, with a global portfolio of clean energy mineral projects comprised of three uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia, the Black Lake Uranium Project is an exploration stage project located in the Athabasca Basin, Saskatchewan, and the Buffalo Uranium Project is an exploration stage project in Wyoming, United States. The Shatford Lake Project is an exploration stage project located adjacent to the Tanco lithium, cesium and tantalum mine in Southern Manitoba, and the Snow Lake Lithium™ Project is an exploration stage project located in the Snow Lake region of Northern Manitoba. Learn more at www.snowlakeenergy.com.

Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.

Contact and Information

Frank Wheatley, CEO Investor Relations

Investors:
[e-mail]

Website:
www.snowlakeenergy.com Follow us on Social Media

Twitter:
www.twitter.com/SnowLakeEnergy

LinkedIn:
www.linkedin.com/company/snow-lake-energy



Schedule A

Key Terms of Material Agreements

Purchase and Sale Agreement - Pine Ridge Uranium Project

PARTIES Stakeholder Energy, LLC (Seller), Powder River Basin LLC (Buyer)

The Buyer is owned 50% by Usuran Resources Inc, a wholly owned subsidiary of Global Uranium and Enrichment Limited (GUE), and 50% by Snow Lake Exploration (US) Ltd., a wholly owned subsidiary of Snow Lake Resources Ltd.
ACQUISITION The Seller agrees to sell, and the Buyer agrees to purchase, the Pine Ridge Uranium Project held by the Seller (Acquisition).

The Pine Ridge Uranium Project will be transferred to the Buyer upon payment of the Third Instalment.
CONSIDERATION In consideration for Acquisition, the Buyer is to:

(a) pay the Seller a total of US$22,500,000 cash, to be paid in three equal installments of US$7,500,000, payable as follows:

(i) US$7,500,000 to be paid at closing (Closing) of the Acquisition contemplated by the Purchase and Sale Agreement (Acquisition Agreement) (First Instalment);

(ii) US$7,500,000 to be paid on or before one-year from the date of Closing (Second Instalment); and

(iii) US$7,500,000 to be paid on or before two years from the date of Closing (Third Instalment)

Unless the Parties otherwise agree, the Closing shall occur on or before April 22, 2025.

ROYALTY The Buyer shall pay the Seller a production royalty based on an applicable royalty percentage (which will be calculated by a Net Smelter Returns variable between 3.5% and 6%, dependent on U3O8 Realized Price) from uranium, vanadium and related minerals produced and sold or deemed sold by Buyer from any additional property or property interests acquired by the Buyer, or its affiliates or permitted assigns, within twenty (20) years after the effective date of March 11, 2025.
PRE-CLOSING CONDITIONS Closing of the Acquisition will be subject to standard closing conditions, including the Buyer and GUE obtaining all necessary shareholder, third-party, and regulatory approvals necessary to complete the transaction contemplated by the Acquisition Agreement (together, the Conditions).
EXPENDITURE REQUIREMENT The Buyer shall expend a minimum of US$10,000,000 in exploration and development costs by the three-year anniversary of the Closing.
RIGHTS DURING TERM The Seller grants to the Buyer the sole and exclusive right to enter upon and use the Mining Claims and the properties covered by the Underlying Agreements, and to grant such rights to its affiliates and permitted assigns, for the purpose and with the sole and exclusive right and privilege of prospecting, exploring for and developing uranium, vanadium and related minerals.
DEFAULT AND TERMINATION

(a) Default: the Buyer's failure to abide by the terms of the Acquisition Agreement, including its obligation to make full payment when due and without demand, constitutes a default. Upon the Buyer's default, the Seller may give the Buyer notice requiring the Buyer to satisfy the obligations within a period of twenty (20) business days from the date of the notice.

(b) Termination: the Acquisition Agreement may be terminated as follows:

(i) at the Buyer's sole discretion at any time prior to the payment of the Third Instalment and delivery of the transaction documents to the Buyer by the escrow agent;

(ii) upon notice by the Seller to the Buyer if the Conditions have not been satisfied and have not been waived by the Seller by May 15, 2025;

(iv) upon notice by the Buyer to the Seller if the Conditions have not been satisfied and have not been waived by Seller by May 15, 2025;

(v) at the Seller's sole discretion, upon the Buyer's default; or

(vi) at the Buyer's sole direction, upon the Seller's default.

(c) Effect of Termination: if such termination occurs prior to the Closing as a result of a default by the Buyer, the Buyer shall be obligated to pay to the Seller, as liquidated damages and not a penalty, a single break fee in the amount of US$500,000.

GOVERNING LAW The Acquisition Agreement is to be governed by, and construed in accordance with, the laws of the State of Wyoming, other than its rules as to conflicts of laws which would result in the imposition of the laws of some other jurisdiction.
OTHER TERMS The Acquisition Agreement otherwise contains provisions considered standard for an agreement of its nature (including exclusivity, representations and warranties and confidentiality provisions).


Joint Venture Agreement

PARTIES Usuran Resources, Inc (a wholly owned subsidiary of Global Uranium and Enrichment Limited) (Usuran)

Snow Lake Exploration (US) Ltd (a wholly owned subsidiary of Snow Lake Resources Ltd (Snow Lake)
JOINT VENTURE The parties will have an initial interest in Powder River Basin LLC (JVCo) as follows:

(a) Snow Lake - 50%; and
(b) Usuran - 50%.

As their initial contributions, each party has contributed to the JVCo US$3,750,000 in order for the JVCo to pay the First Installment to the Seller.

In connection with the JVCo's payment and performance obligations under the Acquisition Agreement, each of the parties acknowledges its obligation to contribute the following to the JVCo: (i) cash in the amount of US$5,250,000 prior to the first anniversary of the Closing under the Acquisition Agreement (of which US$750,000 shall be contributed at least 3 business days before the closing date of the Acquisition Agreement), (ii) cash in the amount of US$5,250,000 prior to the second anniversary of the Closing under the Acquisition Agreement, and (iii) cash in the amount of $2,000,000 prior to the third anniversary of the Closing under the Acquisition Agreement.
MANAGEMENT COMMITTEE AND MANAGER The parties will establish a committee (Management Committee) consisting of four representatives, of which two representatives shall be appointed by Usuran and two representatives shall be appointed by Snow Lake.

The JVCo will be managed by one Manager. The initial manager shall be Usuran.
DILUTION Dilution due to Default

If a party (the Delinquent Member) has not contributed all or any portion of any additional capital contribution that such party is or was required to contribute (the Default Amount), then the other party (the Non-Defaulting Member) may elect to exercise its rights after the occurrence of the default.

If the Non-Defaulting Member elects to proceed as follows, the payment by the Non-Defaulting Member of the Default Amount shall be treated as a capital contribution by the Non-Defaulting Member to the JVCo on behalf of the Delinquent Member. In such case, the Interest of the Delinquent Member shall be reduced by an amount (expressed as a percentage) equal to: (i) the Default Dilution Multiple; multiplied by the Default Amount; divided by (ii) the aggregate Contributed Capital of all parties (determined after taking into account the contribution of the Default Amount). The Interest of the Non-Defaulting Member shall be increased by the reduction in the Interest of the Delinquent Member. The foregoing adjustments shall be effective as of the date of the default.

Default Dilution Multiple means: (a) during the period prior to an affirmative vote of the Management Committee to undertake mining on any portion of the JVCo's properties (Affirmative Mining Decision), 1.5, and (b) during the period from and after an Affirmative Mining Decision, 2.0.

Dilution due to non-contribution

If a party (the Non-Contributing Member) delivers a notice to the Management Committee (Non-Contribution Notice), within twenty (20) days after the final vote adopting a Program and Budget, the Interest of each party shall be adjusted, effective as of the beginning of the period covered by the Program and Budget, to equal a fraction, expressed as a percentage:

(a) the numerator of which equals:

(i) the contributed capital of the party as of the beginning of the period covered by the Program and Budget; plus

(ii) the amount, if any, that the party has agreed to contribute to the Program and Budget; plus

(iii) if the party is the member which has or is deemed to have elected to contribute its proportionate amount to the Program and Budget in accordance with its Interest (Contributing Member), the amount of the Excess Contribution (being all or any portion of the underfunded amount by the Non-Contributing Member), if any, that the Contributing Member has agreed to contribute to the Program and Budget with respect to the Underfunded Amount, multiplied by the Non-Contribution Dilution Multiple; and

(b) the denominator of which equals the sum of the amounts calculated under item (i) above for all parties.

Non-Contribution Dilution Multiple means (a) during the period prior to an Affirmative Mining Decision, 1.0, and (b) during the period from and after an Affirmative Mining Decision, 1.5.
NON-COMPETE COVENANT If a party voluntarily resigns or relinquishes its interest, the party and its affiliates may not directly or indirectly acquire any interest in property within the Area of Interest (as that term is defined in JVA) for a period 24 months from the date of the resignation of relinquishment.
TERMINATION The JVCo will be terminated upon:

(a) the unanimous agreement of the parties to dissolve the JVCo; or
(a) upon completion of the distribution of the assets of the JVCo.
TRANSFER ON INSOLVENCY In a party becomes the subject of an insolvency event (Insolvent Party), the Insolvent Party must notify the other party of its insolvency and transfer its entire interest in the JVCo, free of any encumbrances, to the other party as soon as reasonably practicable in exchange for payment of an amount equal to the fair market value of the transferred interest minus any fees and expenses incurred in the appraisal of the fair market value.
GOVERNING LAW The JVA is to be governed by, and interpreted in accordance with, the laws of the State of Delaware, except for its rules as to conflicts of laws that would apply the laws of another state.
OTHER TERMS The JVA otherwise contains provisions considered standard for an agreement of its nature (including programs and budgets, distributions and confidentiality provisions).


_________________________
1 The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("the JORC Code") 2012 edition.
2 https://globaluranium.com.au
3 https://globaluranium.com.au
4 https://wcsecure.weblink.com.au/pdf/GUE/02912046.pdf
5 https://globaluranium.com.au
6 Refer to GUE's ASX announcement dated 9 November 2021 for the JORC details of the Athabasca Projects and other historical information. GUE confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement of 9 November 2021.

SOURCE: Snow Lake Resources Ltd

[Lone Clone]

Global Uranium Commences Geophysical Survey at the Northwest Athabasca Joint Venture Project, Saskatchewan Geophysical

Surveys Underway to Refine Drill Targets at Northwest Athabasca Project

https://www.globenewswire.com/news-release/2025/03/12/3041312/0/en/Global-Uranium-Commences-Geophysical-Survey-at-the-Northwest-Athabasca-Joint-Venture-Project-Saskatchewan.html

March 12, 2025 08:00 ET | Source: Global Uranium

CALGARY, Alberta, March 12, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company”) is pleased to announce that geophysical surveying has commenced at the Northwest Athabasca (“NWA”) Project, a joint venture with the operator Forum Energy Corp. (the “Operator”), located in northern Saskatchewan. These surveys, which include Time Domain Electromagnetic (TDEM) and Direct Current Resistivity and Induced Polarization (DCIP), are focused on the Spring Bay target and are designed to refine drill targeting ahead of the winter drilling campaign.

The start of the geophysical program, first announced in February (see News Release on February 11, 2025), was marked by the arrival of field crews late last week. The TDEM and DCIP surveys are expected to span approximately three weeks and will provide the Operator with additional data on subsurface structures and alteration zones. These results are anticipated to directly inform certain drill collar placements in the upcoming drill program. Spring Bay is one of multiple targets to be tested on the NWA Project during this exploration program, marked by a 4-kilometer-long gravity low anomaly coincident with historical uranium intercepts and extensive clay alteration. The TDEM survey will help define conductor strength and orientation, while the DCIP survey will map resistivity and chargeability anomalies associated with alteration.

The exploration camp, which was established to support the winter program, is nearly complete, with key operational facilities—including sleeping quarters, kitchen, and drying rooms—fully functional. The core shack, the final component, is expected to be completed in the coming days. The camp is now hosting geophysical field crews and will soon accommodate drill teams. With geophysical work underway, drill mobilization has also begun. The drill rig is expected to arrive at the project site this week, with the first hole anticipated to be collared shortly thereafter. Snowpack reinforcement efforts have been completed along key access routes to facilitate safe transport of the drill rig.

“The commencement of the geophysical surveys marks an important step in our winter exploration campaign at the Northwest Athabasca Project,” said Ungad Chadda, CEO of Global Uranium. “The data from these surveys will provide more insight into Spring Bay and improve drill target selection. With camp construction nearing completion and drill mobilization underway, we are well-positioned to execute this exploration program.”

Global Uranium will continue to provide further updates on drill mobilization, geophysical survey progress, and the commencement of drilling activities.

Qualified Person
Jared Suchan, Ph.D., P.Geo., Global Uranium’s Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

About Global Uranium Corp.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.

On Behalf of The Management Team

Ungad Chadda
CEO
587-330-0045
[e-mail]

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the intention to continue exploration efforts on the Project with the aim of further unlocking the Project’s potential; and the expectation that natural attenuation will allow the site to recover without further action.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that exploration of the Project may not continue, whether as a result of a lack of financial resources, a failure to receive the requisite permits or approvals, the discretion of management of the joint venture or otherwise; the risk that exploration of the Project will not progress as currently contemplated and, that, even if exploration does proceed as anticipated, such exploration activities may not achieve their anticipated outcomes; risks inherent in the exploration and development of mineral projects, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; the risk that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; risks related to joint ventures and the other risks and factors identified by the Company in its continuous disclosure filings, filed on the Company’s SEDAR+ profile at www.sedarplus.ca.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ?press release.

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NexGen Receives CNSC Commission Hearing Dates for the Rook I Project

https://www.newswire.ca/news-releases/nexgen-receives-cnsc-commission-hearing-dates-for-the-rook-i-project-896607069.html

News provided by NexGen Energy Ltd. Mar 12, 2025, 00:31 ET

VANCOUVER, BC, March 11, 2025 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) announces that the Canadian Nuclear Safety Commission ("CNSC") has proposed the Commission Hearing dates for NexGen's 100% owned Rook I Project (the "Project") to be conducted on November 19, 2025 and February 9 to 13, 2026. NexGen commenced the regulatory Environmental Assessment ("EA") process for the Project six years ago in April 2019. The Company received Provincial EA approval in November 2023 and has since successfully completed the Federal technical review and the acceptance of the Federal Environmental Impact Statement as final. Further, all local communities located in the Project Area have formally endorsed the Project through the signing of Impact Benefit Agreements covering the entire life and closure of operations.

The Company, together with its Indigenous Nation partners, whilst pleased the final stage of project approval – a Commission Hearing – has been announced, are considering the implications of the timing with respect to the Project.

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.

www.nexgenenergy.ca

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to setting industry benchmarks with innovative and sustainable mining solutions and reflecting ongoing commitments to maximizing benefits to partners and stakeholders, the successful execution of the shaft sinking contract, the seamless transition to major construction following anticipated federal Environmental Assessment and licence approvals, the delivery of clean energy fuel for the future, the development of the largest low cost producing uranium mine globally and incorporating elite standards in environmental and social governance, delivering a project that leads the entire mining industry socially, technically and environmentally, providing generational long-term economic, environmental and social benefits for Saskatchewan, Canada and the world, planned exploration and development activities and budgets, the interpretation of drill results and other geological information, mineral reserve and resource estimates (to the extent they involve estimates of the mineralization that will be encountered if a project is developed), requirements for additional capital, capital costs, operating costs, cash flow estimates, production estimates, the future price of uranium and similar statements relating to the economics of a project, including the Rook I Project. Generally, forward-looking information and statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on NexGen's current expectations, beliefs, assumptions, estimates and forecasts about its business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including, among others, that, third-party contractors, including Thyssen, will perform their contracts as expected and on time, the results of planned exploration and development activities will be as anticipated and on time; the price of uranium; the cost of planned exploration and development activities; that, as plans continue to be refined for the development of the Rook I Project, there will be no changes in costs, engineering details or specifications that would materially adversely affect its viability; that financing will be available if and when needed and on reasonable terms; that third-party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration and development activities will be available on reasonable terms and in a timely manner; that there will be no revocation of government approvals; that general business, economic, competitive, social and political conditions will not change in a material adverse manner; the assumptions underlying the Company's mineral reserve and resource estimates; assumptions made in the interpretation of drill results and other geological information; the ability to achieve production on the Rook I Project; and other estimates, assumptions and forecasts disclosed in the Feasibility Study for the Rook I Project. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements were considered reasonable by management at the time they were made, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third-party financing, uncertainty of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, the imprecision of mineral reserve and resource estimates, the price and appeal of alternate sources of energy, sustained low uranium prices, aboriginal title and consultation issues, exploration and development risks, climate change, uninsurable risks, reliance upon key management and other personnel, risks related to title to its properties, information security and cyber threats, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, changes in laws, regulations and policy, competition for resources, political and regulatory risks, general inflationary pressures, industry and economic factors that may affect the business, and other factors discussed or referred to in the Company's most recent Annual Information Form under "Risk Factors" and management's discussion and analysis under "Other Risks Factors" filed on SEDAR+ at www.sedarplus.ca and 40-F filed on Edgar at www.sec.gov.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

For additional information and media inquiries: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., [phone], [e-mail], Travis McPherson, Chief Commercial Officer, NexGen Energy Ltd., [phone], [e-mail], Monica Kras, Vice President, Corporate Development, NexGen Energy Ltd., [phone], [e-mail]

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Patterson Metals Announces Acquisition of Pendleton Lake Exploration

https://thenewswire.com/press-releases/1A8vFv0gG-patterson-metals-announces-acquisition-of-pendleton-lake-exploration-corp.html

Vancouver, Canada – TheNewswire - March 11th, 2025 – Patterson Metals Corp. (the “Company”) (TSXV: PAT, FWB: 33H2) is pleased to announce that it has entered into an agreement, dated March 10, 2025, to acquire (the “Acquisition”) all of the issued and outstanding shares of Pendleton Lake Exploration Corp. (“Pendleton Lake”), a privately-held company which holds the rights to acquire the Pendleton Lake Uranium project, located in the prolific Athabasca Basin.

The Pendleton Lake Uranium project covers an area of approximately 415 hectares on the southeastern lip of the Athabasca Basin. Since the early seventies, the project has been subject to multiple exploration programs, including airborne geophysical and prospecting programs. The principal exploration targets at Pendleton Lake are two radioactive boulder trains. In 1972, Canadian Occidental Petroleum Ltd. discovered several radioactive boulders 200m east of Pendleton Lake. The highest samples taken graded 7.17% U3O8 and 5.97% U3O8. In 1980, Marine Oil Corporation examined a radioactive boulder train which extended for several kilometers on the eastern shore of Pendleton Lake. Multiple radioactive samples were taken, with the highest sample grading 1.01% U3O8 and containing anomalous values for vanadium, barium, and lead (Jean Descarraux Ph. D. 1980).

Under the terms of the Acquisition, the Company will acquire all the shares of Pendleton Lake in exchange for the issuance of 500,000 common shares to the existing shareholder of Pendleton Lake (the “Vendor”). Pendleton Lake holds the right to acquire the Pendleton Lake Uranium project, subject to a one-percent royalty on net smelter returns, by completing a series of exploration expenditures totaling $500,000. The expenditures must be incurred within five years, with at least $100,000 of the expenditures incurred in the first two years.

The Company is at arm's length from the Vendor and Pendleton Lake. No finders' fees or commissions are payable by the Company in connection with the Acquisition. Completion of the Acquisition remains subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing deliveries.

“We are excited to move forward with the acquisition of Pendleton Lake as we continue to build a world-class portfolio of exploration-stage uranium projects,” said Simon Cheng, President of the Company. “The Pendleton Lake Uranium project, with its historical high-grade samples and strategic location in the Athabasca Basin, represents a significant opportunity for our company and our shareholders as we advance our exploration efforts in this globally renowned uranium district.”

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

About Patterson Metals Corp

Patterson Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows the Company to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Patterson Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen's Rook 1 deposit and Fission Uranium's PLS deposit.

For further information, contact the Company at [e-mail] or 604.558.4300, or visit the Company’s website at www.pattersonmetals.com.

On behalf of the Board,

Patterson Metals Corp.

Simon Cheng, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Acquisition and related regulatory approvals, as well as other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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Critical One Announces Expiration of Star Minerals Option for Cobra Uranium Project

https://www.globenewswire.com/news-release/2025/03/11/3040857/0/en/Critical-One-Announces-Expiration-of-Star-Minerals-Option-for-Cobra-Uranium-Project.html

March 11, 2025 11:47 ET | Source: Critical One Energy Inc.

TORONTO, March 11, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is announcing the expiration of its previously announced deal with Star Minerals Limited (“Star Minerals”) (ASX: SMS) to earn into Exclusive Prospecting Licence 8531 (the “Cobra Uranium Project”) at Madison North near the world-renowned Rossing Uranium Mine in the Erongo Uranium Province, Namibia.

Under the terms of the agreement announced on September 19, 2024, Star Minerals had the opportunity to earn up to a 51% interest in the Cobra Uranium Project through staged cash payments, the issuance of common shares to the Company, and expenditures on the Cobra Uranium Project. In December 2024, Star Minerals requested an extension of the closing to early March 2025. Star Minerals did not meet its commitment and therefore did not earn any interest in the Cobra Uranium Project.

As a result, Critical One continues to hold an 85% interest in the Cobra Uranium Project and received a US$40,000 non-refundable deposit, a US$75,000 payment and 5.3 million common shares of Star Minerals.

About Critical One

Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony in Canada and uranium in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects while joint-venturing non-core assets to generate cash flow, driving growth and delivering value for its shareholders.

Additional information about Critical One Energy Inc. can be found at madisonmetals.ca and on the Company’s SEDAR+ profile at sedarplus.ca.

For further information, please contact:

Duane Parnham
Executive Chairman & CEO
Critical One Energy Inc.
[phone]
[e-mail]

Media inquiries:

Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
[phone]
[e-mail]

Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements concern the Company’s strategic plans, and completion of the proposed transaction described herein. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. The actual results could differ materially from those anticipated in this forward-looking information as a result of certain risk factors.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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Homeland Uranium Completes Reverse Takeover of Shift Rare Metals

Financing Conditions Met -TSXV Trading to Begin Shortly Under the Symbol HLU

https://www.newsfilecorp.com/release/243913/Homeland-Uranium-Completes-Reverse-Takeover-of-Shift-Rare-Metals

March 10, 2025 8:00 AM EDT | Source: Homeland Uranium Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - Homeland Uranium Corp. (TSXV: VVR) ("Homeland" or the "Company") is pleased to announce that it has completed its previously announced reverse-takeover transaction (the "Transaction") of Shift Rare Metals Inc. ("Shift"). Shift's key assets acquired during the transaction are the Coyote Basin and Red Wash Uranium Properties in northern Colorado. In connection with the Transaction, the Company has changed its name from "Valleyview Resources Ltd." to "Homeland Uranium Corp." to reflect its focus on uranium exploration and development.

"Homeland is pleased to announce the closing of our transaction with Shift. Homeland emerges from this transaction as a resourceful American-focused uranium explorer and developer that is well financed and guided by an exceptional and experienced board and management team. Our upcoming planned exploration program at our Coyote Basin Project provides shareholders with an excellent opportunity to capture value from the growing demand for US domestic uranium production," said Roger Lemaitre, President and CEO of Homeland Uranium.

The Transaction received disinterested shareholder approval and was completed by way of a three-cornered statutory amalgamation, with former shareholders of Shift receiving 15,500,000 common shares of the Company on closing. In connection with the Transaction, each of the previously issued 53,688,300 subscription receipts of Shift ("Subscription Receipts") were automatically exchanged for one common share of the Company and one-half of a common share purchase warrant (each whole warrant, a "Warrant") Each Warrant is exercisable for one additional common share of the Company at an exercise price of $0.50 until March 7, 2027. The Subscription Receipts were issued pursuant to a non-brokered and brokered offering (together, the "Offering"). The Warrants are subject to the terms of a supplemental warrant indenture (the "Warrant Indenture") dated March 7, 2025 entered into by the Company and Endeavor Trust Company, as Warrant Agent. The brokered portion of the Offering was conducted pursuant to an agency agreement (the "Agency Agreement") dated December 23, 2024 (as amended on January 21, 2025) with SCP Resource Finance LP and Canaccord Genuity Corp. The gross proceeds of the Offering were $16,104,409 and brokers and finders participating in the Offering received compensation warrants (the "Compensation Warrants") equal to 6% of the number of Subscription Receipts sold (or 3,221,299 Compensation Warrants) and cash fees totaling 6% of the proceeds. Each Compensation Warrant is exercisable for one additional common share at an exercise price of $0.30 until March 7, 2030. In addition, US$150,000 of a convertible loan issued by Shift was exchanged for an aggregate of 921,335 common shares of the Company and 460,666 warrants (having the same terms as the Warrants). In addition, 3,000,000 common shares were issued to a finder who assisted with the Transaction. Copies of the Agency Agreement and Warrant Indenture are available for review on the Company's SEDAR+ profile at www.sedarplus.ca.

The Company will now focus on the exploration of its 100% owned Redwash and Coyote Basin properties (the "Redwash and Coyote Basin Properties") located in northwestern Colorado close to the border with Utah, within Moffat and Rio Blanco counties. Full details of the Transaction, Shift and Redwash and Coyote Basin Properties are contained in the Company's Filing Statement dated February 28, 2025, which is available for review on the Company's SEDAR+ profile at www.sedarplus.ca.

The Company also announces that, on closing of the Transaction, directors and officers of the Company were granted an aggregate of 3,500,000 incentive stock options (the "Options"). Each Option is exercisable for one common share of the Company at an exercise price of $0.30 until March 7, 2030.

The Company's common shares have been suspended from trading since August 16, 2024, in connection with the Transaction. Effective at the opening, March 12, 2025, the common shares of Homeland Uranium Corp. (CUSIP: 43741D105) will commence trading on TSX Venture Exchange, and the common shares of Valleyview Resources Ltd. will be delisted. The Company is classified as a 'Uranium Ore Mining' company.

About Homeland Uranium Corp.

Homeland Uranium Corp. a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is the 100% owner of the Coyote Basin and Red Wash uranium projects in northwestern Colorado. Homeland also has an ownership stake in the Fraser Lake Au-Ag-Cu project in British Columbia.

For further information, please contact:

Roger Lemaitre
President & Chief Executive Officer
Homeland Uranium Corp.
Tel: [phone]

Email: [e-mail]

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful prior to registration under the U.S. Securities Act of 1933 or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect the date trading of the Company's common shares will commence and the future exploration of the Redwash and Coyote Basin Properties. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company's financial condition and development plans do not change as a result of unforeseen events and that future metal prices and the demand and market outlook for metals will remain stable or improve. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk that trading does not commence on the date anticipated as well as the general risk factors related to exploration and development as are set out under the heading "Risk Factors" in the Company's documents filed under Valleyview's issuer profile on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

SOURCE: Homeland Uranium Corp.

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Terra Clean Energy Completes First Three Drill Holes on Fraser Lakes Uranium Deposit with Encouraging Initial Results

https://thenewswire.com/press-releases/1AG9F2epy-terra-clean-energy-corp-completes-first-three-drill-holes-on-fraser-lakes-uranium-deposit-with-encouraging-initial-results.html

Vancouver B.C. – TheNewswire - March 10, 2025 – TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: 9O0), is pleased to announce the completion of the first three drill holes at the South Falcon East Uranium Project (the “Property”) which hosts the Fraser Lakes B Uranium Deposit. Drilling will continue throughout March and is expected to complete over 2000 meters (m) of drilling.

The South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake uranium mill and former mine (Figure 1). The Company entered into an option agreement with Skyharbour Resources Ltd. (“Skyharbour”) in October of 2022 whereby the company can earn up to a 75% interest in the Property.

The Company is currently conducting a 2000-2200 m helicopter supported drill program at the Property. Three diamond drill holes have been completed on the Fraser Lakes B Uranium Deposit, for a total of 802 m. A fourth hole in progress. (Figure 3)

“We are extremely encouraged by the results of the first three drill holes as we continue to see minerlization in each of the first three holes as well as what we believe to be an expansion of the deposit to the North. As stated below, Hole SF063 returned a continuous mineralized zone of pegmatities from 173 meters to 224 meters with some decent grades.” Based on the initial results from Hole SF063 we have decided to reorganize the remaining meters of this program to focus on further defining this new area of interest and chasing clay alteration not yet seen on the property to date, with hopes of finding a high grade unconformity uranium deposit.” said Greg Cameron CEO of the Company.

Hole SF063 was planned to examine an interpreted cross fault offsetting the mineralization and geology on the east end of the Fraser Lakes B Uranium Deposit. This hole was drilled to a depth of 393 meters and intersected multiple structures and a 51 m wide interval of mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. Highlights include:



0.03% eU over 12.0 m from 173.55 to 185.55 m,

including 0.06% eU3O8 over 0.7 m from 180.35 to 181.05 m

0.03% eU over 3.0 m from 213.65 to 216.65 m,

including 0.07% eU3O8 over 0.5 m from 215.95 to 216.45 m

The first structure intersected from 18 m to 47.5m contained zones of intense clay alteration typically found in relation to unconformity uranium deposits. The presence of this alteration is a good indication that hydrothermal fluids suitable for deposition of higher-grade uranium deposits moved through the rocks. The second structure from 306 to 315 m is a brecciated pelitic gneiss situated between two intervals of Archean gneiss. This structure is interpreted to be responsible for the geological offset being targeted. This will assist in updating the target model in this area. The intersections of a clay altered structure and a thick sequence of mineralized pegmatites and pelitic gneiss have expanded the mineralization and improved the prospectivity on the east end of the Fraser Lakes B Uranium Deposit.

”The results from the drilling so far are very encouraging,” commented Trevor Perkins, Vice President of Exploration for Terra Clean Energy Corp. “The first two holes have shown that the deposit is still open down dip to the north and northwest. Hole SF0063 has shown that there is significant potential for upgrading the deposit on the east end. We are excited to see where this can lead”, continued Mr. Perkins.

Drilling is continuing with one hole in progress in the T-Bone lake area to examine the conductive package and alteration intersected in the area in historical drilling. Pad preparation is underway to return to the area around SF0063 and follow up on the clay alteration and pegmatites. Efforts will be made to follow the alteration and pegmatites to where they intersect, as this should be an area of fluid pooling and upgrading of mineralization within the deposit.

Hole SF061 was planned to test for a down dip extension of mineralization intersected in hole FP-15-05 and was drilled to a depth of 209 m. Drilling intersected a 35 m interval containing multiple mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. The most notable zone returned an equivalent grade of 0.02% eU3O8 over 2.2 m from 150.25 to 152.45 m, including 0.05% eU3O8 over 0.6 m from 151.65 to 152.25 m.

Historical diamond drill hole FP-15-05 was drilled by Skyharbour in 2015 and returned multiple zones of mineralization over a 14m interval, including 6m of .10% U308 (including a 2m of 0.165% U3O8 (from 135m) and 2.5m of 0.172% U3O8 (from 145m).

Hole SF062 was planned to test for an along strike extension of mineralization intersected in holes FP-15-05 and SF0061, and was drilled to a depth of 200 m. Drilling intersected a 21 m interval containing multiple mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. The most notable zone returned an equivalent grade of 0.03% eU3O8 over 2.2 m from 141.75 to 144.15 m, including 0.05% eU3O8 over 0.4 m from 143.15 to 143.55 m.

While both of these holes extended the mineralization down dip and along strike to the north and northwest, they did not intersect the higher grades encountered in hole FP-15-05. This is due to the potential variability within the pegmatite swarm. As long as the mineralized pegmatites are present, higher grades will be encountered within the overall mineralized zone.


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Figure 1: South Falcon East Uranium Project Location – Eastern Athabasca Basin, Saskatchewan, Canada


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Figure 2: 2025 Drill Target areas at the South Falcon East Uranium Project


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Figure 3: 2025 - Completed drill holes at South Falcon East Uranium Project

Samples of the mineralized intervals within the drill core have been collected and shipped for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. The Company will provide more detailed results once geochemical analysis of the collected core samples is completed, reviewed and confirmed.

QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:

All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (“SRC”) in Saskatoon, Saskatchewan under the care of Terra personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on visual inspection, downhole probing radiometric equivalent uranium grades and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 to 1.0 metre continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using the lost wax method. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Terra and the SRC in accordance with Terra’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Terra prior to disclosure.

During active exploration programs drillholes are radiometrically logged using calibrated downhole Mount Sopris 4OTGU or 2GHF probes of varying sensitivities which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (“eU3O8”) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the Saskatchewan Research Council facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Terra prior to disclosure.

About Terra Clean Energy Corp.

Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Uranium Deposit, located in the Athabasca Basin region, Saskatchewan, Canada.

ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.

“Greg Cameron”

Greg Cameron, CEO

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Greg Cameron, CEO

[e-mail]


Terra Clean Energy Corp

Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7

www.tcec.energy

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Bedford Metals Announces Successful Closing of Acquisition of Cable Lake Uranium Project, Expanding Ubiquity Lake Project

https://thenewswire.com/press-releases/1AXXFWPpX-bedford-metals-announces-successful-closing-of-acquisition-of-cable-lake-uranium-project-expanding-ubiquity-lake-project.html

March 7th, 2025—Bedford Metals Corp. - TheNewswire - (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce the successful closing of the acquisition (the “Acquisition”) of Northern Lights Exploration Corp. (“NLE”). NLE is the holder of the Cable Lake Uranium Project, and with this Acquisition, the Company now controls an aggregate of 13,092 hectares of prospective ground in the highly promising Athabasca Basin, Saskatchewan.

The Cable Lake property, covering an area of 8,056 hectares, adjoins the Company’s Sheppard and Ubiquity Lake claims to the north. The Cable Lake claims host over 22 kilometers of electromagnetic (EM) anomalies situated within relative magnetic lows— a geophysical signature commonly associated with uranium deposits in the Athabasca Basin. Notably, a 2007 GEOTEM (airborne magnetic and electromagnetic) survey conducted by Fugro identified an area of interest (ROI 5) just north of Warr Lake, where Bedford’s 2024 exploration program uncovered several radioactive anomalies.

Pursuant to the terms of the Acquisition, Bedford acquired all of the outstanding share capital of NLE in consideration for the issuance of 1,000,000 common shares of Bedford to the sole shareholder of NLE (the “Vendor”). Additionally, the Vendor has been granted the right to acquire 2,500,000 common shares for total consideration of $1.00, contingent upon Bedford successfully recovering a radioactive sample from the Cable Lake claims equal to or greater than 0.10% U3O8 prior to December 31, 2027. The Company is at arm's length from the Vendor and NLE, and no finders' fees or commissions were payable in connection with the Acquisition.

Peter Born, President of Bedford, commented, “We are thrilled to have successfully closed the acquisition of the Cable Lake Uranium Project. This acquisition significantly expands our Ubiquity Lake project area and enhances our portfolio with highly prospective ground. The strong geophysical signatures identified at Cable Lake are very encouraging, and we are eager to begin integrating this new ground into our exploration plans as we advance our goal of making a significant uranium discovery.”

With the addition of the Cable Lake Uranium Project, Bedford will be updating its exploration plan to incorporate this newly acquired prospective ground. The Company will refine its targeting efforts using historical geophysical data, modern exploration techniques, and the findings from its 2024 exploration programs to prioritize high-potential areas for further investigation. Further details on the exploration plans for the expanded project area will be provided as they are finalized.

Bedford remains committed to conducting all exploration activities in an environmentally responsible manner. The company prioritizes sustainability and responsible resource development while ensuring that all operations are conducted transparently and in collaboration with local indigenous communities and stakeholders.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and the President of the Company, and is responsible for and has approved the technical information contained in this release.


Click Image To View Full Size

For further information, please contact the Company at info @hage-1199 or visit the Company’s website at www.bedfordmetals.com.

On behalf of the Board,

Bedford Metals Corp.

“Peter Born”

President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain “forward-looking information” within the meaning of the applicable Canadian securities legislation (“forward-looking statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statements that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward -looking statements relate, among other things to: completion of the Acquisition, the ability to obtain the necessary regulatory authorizations and approvals and the development of a revised exploration plan.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward–looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward–looking statements to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

[Lone Clone]

Global Uranium Signs Letter of Engagement with Big Rock Exploration to Advance Phase II Exploration at the Wyoming Group of Projects

Global Uranium Advances Exploration Strategy with Phase II Program in Wyoming

https://finance.yahoo.com/news/global-uranium-corp-signs-letter-130000270.html

Global Uranium
Thu, March 6, 2025 at 5:00 AM PST 2 min read

GURFF
-12.50%

CALGARY, Alberta, March 06, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company”) is pleased to announce that it has signed a Letter of Engagement (“LOE”) with Big Rock Exploration LLC ("BRE") to commence Phase II exploration activities on the Company's Wyoming Group of Projects. The engagement with BRE represents the next step forward in refining exploration targets across the Airline, Jeep, WAC, Big Bend, and Jabs properties, located in key uranium districts within Wyoming.

Under the terms of the engagement, BRE will develop an exploration framework by integrating historical data, geologic mapping, and radiometric survey results to identify high-priority drill targets. This initiative builds upon the successful completion of Phase I, which involved GIS data compilation, historical data review, and permitting assessments. Phase II will focus on further delineating uranium-bearing formations, improving project-level understanding, and preparing for subsequent fieldwork.

"We are excited to continue advancing our Wyoming uranium assets with the support of Big Rock Exploration," stated Ungad Chadda, CEO of Global Uranium. "Their technical expertise and systematic approach to target development align well with our exploration objectives, as we work towards testing for economically viable uranium mineralization within our claim holdings."

In addition to advancing the Wyoming assets, Global Uranium and Forum Energy are continuing to ramp up activities at the Northwest Athabasca (NWA) Joint Venture Project in northern Saskatchewan. Mobilization efforts are progressing, with core infrastructure recently delivered to the project site. Camp construction is well underway, and the final preparations for drilling are being completed. Geological teams are expected to arrive on-site by the end of the month to finalize drill pad layouts, assess terrain conditions, and prepare for drilling operations. Initial geophysical surveys are scheduled to begin in early March, with drilling expected to commence shortly thereafter. The first drill holes are planned to focus on previously identified high-priority targets within Zone 2A, leveraging existing road access for logistical efficiency.

Global Uranium remains committed to executing its exploration strategy across both the Wyoming and NWA projects. Further updates will be provided as exploration activities progress.

Qualified Person
Jared Suchan, Ph.D., P.Geo., Global Uranium’s Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

About Global Uranium Corp.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.

On Behalf of The Management Team

Ungad Chadda
CEO
587-330-0045
[e-mail]

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the intention to continue exploration efforts on the Project with the aim of further unlocking the Project’s potential; and the expectation that natural attenuation will allow the site to recover without further action.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that exploration of the Project may not continue, whether as a result of a lack of financial resources, a failure to receive the requisite permits or approvals, the discretion of management of the joint venture or otherwise; the risk that exploration of the Project will not progress as currently contemplated and, that, even if exploration does proceed as anticipated, such exploration activities may not achieve their anticipated outcomes; risks inherent in the exploration and development of mineral projects, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; the risk that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; risks related to joint ventures and the other risks and factors identified by the Company in its continuous disclosure filings, filed on the Company’s SEDAR+ profile at www.sedarplus.ca.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ?press release.

[Lone Clone]

Urano Energy Completes Initial Review of Historical Uranium Reserves and Resources

https://www.newswire.ca/news-releases/urano-energy-completes-initial-review-of-historical-uranium-reserves-and-resources-849460835.html

News provided by Urano Energy Corp. Mar 06, 2025, 07:00 ET

CSE: UE
OTCQB: UECXF
www.uranoenergy.com

VANCOUVER, BC, March 6, 2025 /CNW/ - Urano Energy Corp. (CSE: UE) (OTCQB: UECXF)

[Lone Clone]

Nuclear Fuels Acquires TenSleep Uranium Project with Athabasca Basin-Style Mineralization in Wyoming's Powder River Basin

https://www.prnewswire.com/news-releases/nuclear-fuels-acquires-tensleep-uranium-project-with-athabasca-basin-style-mineralization-in-wyomings-powder-river-basin-302389611.html

News provided by Nuclear Fuels Inc. Mar 03, 2025, 07:00 ET

CSE:NF
OTCQX:NFUNF

VANCOUVER, BC, March 3, 2025 /PRNewswire/ - Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") announced today the acquisition of the TenSleep Uranium Project, located approximately 10 miles (16 kilometers) west of the town of Kaycee, in Johnson County, Wyoming. The TenSleep Project is a unique uranium project in Wyoming, displaying geological characteristics similar to the deposits in Saskatchewan's prolific Athabasca Basin rather than the typical roll front sandstone-hosted uranium deposits of the United States. Athabasca or "unconformity" uranium deposits occur along the contact of two different rock types in the vicinity of one or more high-angle faults providing the pathway for the mineralizing fluids to deposit uranium along the contact. These deposits are typically larger and higher grade than roll-front types. The Company is currently developing an exploration program with drilling planned for late 2025 or early 2026.

Greg Huffman, Chief Executive Officer, stated: "The TenSleep Uranium Project represents an exciting addition to Nuclear Fuels' portfolio given it is located less than 20 miles from our priority Kaycee Uranium Project in Wyoming, and is known to host uranium mineralization based on historical production and exploration work. The fact that uranium mineralization at TenSleep occurs in a geological setting similar to the very high grade unconformity-hosted uranium ore bodies in Saskatchewan's Athabasca Basin, yet has never been explored with this model in mind, presents an excellent opportunity for the discovery of an exciting new type of potentially In-Situ Recovery-amenable uranium in Wyoming."

To view project maps, please visit: https://bit.ly/4kczDnT .

Specific Highlights Include:

The Jeri-Marie mine was an underground operation located on the TenSleep Project, extracting uranium ore via an adit in the late 1950s;
Outcropping uranium mineralization on the TenSleep Project is associated with the contact between basal sandstones of the TenSleep Formation and the younger overlying Phosphoria Formation, an organic rich marine unit containing siltstone, sandstone, limestone and dolomite enriched in a number of elements including uranium. Similar "unconformity" geological contacts are important host environments for the high grade uranium ore bodies found in Saskatchewan's Athabasca Basin, commonly referred to as "unconformity-type uranium deposits;"
The TenSleep Formation is approximately 380 feet thick and composed of fine- to medium-grained sandstone. Exploration drilling on the TenSleep Project in the early 1970s demonstrated that both the upper and lower contacts of the TenSleep Formation host uranium mineralization believed to be leached from the Phosphoria Formation above. The high-grade unconformity-type uranium deposits of the Athabasca Basin also occur at the lower contact of a thick sandstone sequence;
The majority of the historic drilling was shallow in nature to test only the upper zone of mineralization, only ten holes penetrating the entire TenSleep Formation. Eight of the ten deeper holes were pervasively mineralized or anomalous at the lower contact (unconformity) of the TenSleep Formation;1
The lower contact of the TenSleep Formation represents an exciting target for additional unconformity-style mineralization, an exploration concept which has not been previously targeted at the TenSleep Project;
In-Situ Recovery ("ISR") offers a minimally intrusive, eco-friendly, and economically competitive approach to mineral extraction replacing the need for conventional mining.

The TenSleep Uranium Project

The Company acquired the road-accessible TenSleep Uranium Project via the staking of 188 mineral claims and the granting of two state mineral leases, for a total area of approximately 3,000 acres.

Uranium mineralization on the Project was originally discovered, explored and extracted on a small scale at the shallow underground Jeri-Marie mine by private operators in the late 1950s. Aquarius Resources, Inc. conducted the first modern exploration drilling on the Project in 1971 and 1972 with their joint venture partner, Northwestern Energy Company, a subsidiary of Montana Power Company. The historic drill program consisted of at least 111 drill holes, with 17 holes drilled for stratigraphic information and ten holes testing the entire approximately 380 foot thick TenSleep Formation. This drill program identified two zones of uranium mineralization, one at the top of the TenSleep Formation along the unconformable contact (i.e. the boundary between rocks of different ages) with the younger Permian-aged Phosphoria Formation, and a second zone at the basal unconformable contact of the TenSleep Formation with the limestones of the Mississippian-aged Madison Limestone.

Following the recognition and development of the unconformity model of uranium deposition in the Athabasca Basin later in the 1970s, Cherokee Exploration Inc. staked the TenSleep Project in 1978. In early 1980 they acquired copies of the available data from the Aquarius drilling, including maps, cross sections, and logs for 96 holes, totaling 36,000 feet. Based on this data, the Cherokee reports from the early 1980s were the first to recognize the potential for unconformity style uranium mineralization at the TenSleep Project and recommended an exploration program targeting this unconformity-hosted model. However, these recommendations were never followed up on due to market conditions. Nuclear Fuels is currently reviewing the historical data for the TenSleep Project to develop an exploration program that would include delineating the extent of the unconformity style uranium known to occur at both the top and bottom contacts of the TenSleep formation. Additional testing would include assessing the uranium mineralization for its amenability to In-Situ Recovery ("ISR").

The technical content of this news release has been reviewed and approved by Mark Travis, CPG., a contractor to the Company, and a Qualified Person as defined in National Instrument 43-101.




____________________________

1 Supplement to Growth Minerals Corp.'s Red Fork Prospect Report for Cherokee Exploration, Inc., October 1978





About Nuclear Fuels Inc.

Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery ("ISR") amenable uranium projects towards production in the United States of America. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. Currently planning its 2025 drill program following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The Company's strategic relationship with enCore Energy Corp., America's Clean Energy Company™, offers a mutually beneficial "pathway to production," with enCore owning an equity interest and retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming's prolific Powder River Basin.

W: www.nfuranium.com

Forward-Looking Information
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at www.sedar.com under the Company's profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

SOURCE Nuclear Fuels Inc.

[Lone Clone]

enCore Energy Reports Fiscal Year 2024 Financial Results and Files Annual Report on Form 10-K

https://www.newswire.ca/news-releases/encore-energy-corp-reports-fiscal-year-2024-financial-results-and-files-annual-report-on-form-10-k-894819688.html

News provided by enCore Energy Corp. Mar 03, 2025, 07:00 ET

NASDAQ:EU
TSXV:EU
www.encoreuranium.com

DALLAS, March 3, 2025 /CNW/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (t

[Lone Clone]

Eagle Plains/Refined Energy Receive Permit for Drilling at Dufferin West Uranium Property, Saskatchewan

https://www.accessnewswire.com/newsroom/en/metals-and-mining/eagle-plains-and-partner-refined-energyreceive-permit-for-drilling-at-dufferin-wes-993135

Monday, 03 March 2025 07:00 AM

CRANBROOK, BC / ACCESS Newswire / March 3, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL), or ("Eagle Plains") is pleased to announce that it has received a permit for work, including diamond drilling, at Eagle Plains' 100% owned Dufferin West Property, from the Saskatchewan Ministry of Environment. Partner Refined Energy Corp (CSE:RUU)(OTC:RFMCF)(FRA:CWA0) ("Refined"))is focused on advancing three priority target areas as described in the January 7, 2025 news release. A drill program is being planned for the highest priority targets.

Refined holds the exclusive option to acquire up to a 75% interest in the 10,140ha Dufferin Project, which is made up of the North and West Dufferin properties, located approximately 18km from Cameco's Centennial Deposit where historic drill hole VR-031W3 intersected 8.78% U308 over 33.9m (SMAF 74G12-0061).

Three priority target areas with signatures consistent with potential uranium deposits were identified by Condor Consulting Inc. using archived versatile time domain electromagnetic (VTEM) and magnetic data.

The three geophysical target areas are adjacent to the Virgin River shear zone. The highest-priority target area is represented by two conductors. One is a strong conductor associated with a distinct magnetic transition. This conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. The second conductor is also interpreted to extend from the unconformity to a lesser distance into the underlying basement rocks. These targets have never been drill tested, and the depth of sandstone cover above the unconformity is estimated to be relatively shallow at less than 200 metres. Uranium deposits in the Athabasca basin are often located at or underneath the unconformity contact between the overlying sandstone and the basement rocks. The other two targets are also characterized by conductors with associated magnetic features.

The Dufferin Project is located within an area asserted to be the traditional territory of both the Birch Narrows Dene Nation and the Saskatchewan Métis Nation. Eagle Plains and Refined will make best efforts to engage with local communities in order to establish effective communication and mitigate any specific concerns regarding work programs.

Mark Fields, Chief Executive Officer of Refined stated: "We are very encouraged to be in a position to undertake an initial drill program for Refined in the Athabasca basin, renowned for its history of exploration, discovery and development of high-value uranium mines. The Dufferin project is located in proximity to NE-SW-trending faults, which are known to host uranium mineralization. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca basin."



See Dufferin West Project Information and Map here

The Dufferin Project is located on or in close proximity to the known trace of the Virgin River Shear Zone and related splays which are key structures for potential uranium mineralization.

The Project is prospective for unconformity- and basement-hosted uranium mineralization in proximity to the Virgin River Shear Zone. Faulted basement contacts and brittlely reactivated structures are the primary locations for mineralization in the area covered by the Dufferin Project. The relatively high concentration of secondary uranium-bearing minerals demonstrated by prior exploration work on the Dufferin Project may also indicate uranium mineralization remobilization may play an important role in this region of the Athabasca Basin. Geophysical EM and magnetic anomalies demonstrated by prior exploration work on the Dufferin Project are supported by previous uranium and boron soil and lake sediment anomalies along the inferred fault zones, which are expected to aid in focusing future exploration programs.

Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAF) filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work on the subject properties. Eagle Plains' management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

Dufferin Option Agreement Details

To exercise the Option, Refined must make a series of cash payments and share issuances to Eagle Plains and fund exploration expenditures on the Project. These payments, share issuance and expenditures are separated into two phases, with the first Option entitling the Company to acquire a 60% interest in the Project by paying CA$275,000, issuing an aggregate of 1,000,000 post-consolidated common shares to EPL and funding CA$2,600,000 in exploration expenditures on the Project by December 31, 2026. Pursuant to the second phase of the Option, the Company may acquire an additional 15% interest in the Project (for a 75% total interest) by paying an additional CA$500,000, issuing an additional 500,000 post-consolidated Shares to EPL and funding an additional CA$3,000,000 in exploration expenditures on the Project by December 31, 2028. The Dufferin project is owned 100% by EPL, which has been appointed as Operator during the first Option period.

If the First Option or the Second Option is exercised, a 2% smelter returns royalty will be granted to Eagle Plains, 1% of which may be repurchased for CA$2,000,000.

Qualified Person

Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.

The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd. (CSE:"ER") was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.

On October 2, 2024, Eagle Plains announced announce the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ("OP") will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada.

Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.

Expenditures from 2010-2023 on Eagle Plains-related projects exceed $39M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

On behalf of the Board of Directors of Eagle Plains

"C.C. (Chuck) Downie, P.Geo"
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: [e-mail] or visit our website at https://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Eagle Plains Resources Ltd.

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Laramide Announces an Increase in Mineral Resource Estimate for Westmoreland Uranium Project

https://www.newswire.ca/news-releases/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-uranium-project-892501746.html

News provided by Laramide Resources Ltd. Feb 28, 2025, 07:30 ET

Highlights:

The Mineral Resource Estimate (MRE) for Westmoreland has been updated to include results from drilling carried out in 2012, 2023 & 2024.
The updated Mineral Resource Estimate reports a Total Indicated Resource of 48.1 MLbs. of U3O8 at an average grade of 770 ppm and a Total Inferred Resource of approximately 17.7 MLbs. of U3O8 at an average grade of 680 ppm.
70% (48.1 MLbs.) of the Resource is now classified Indicated and 30% (17.7 MLbs.) is classified Inferred.
Update includes re-estimate of the Redtree, Huarabagoo and Junnagunna deposits as well as an Initial Resource for Long Pocket.

TORONTO, Feb. 28, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF)

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Future Fuels Introduces the Hornby Basin Uranium District

https://www.accessnewswire.com/newsroom/en/metals-and-mining/future-fuels-introduces-the-hornby-basin-uranium-district-992336

Thursday, 27 February 2025 08:45 AM

VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) ("Future Fuels" or the "Company") is pleased to present an introduction to the Hornby Basin, home of Future Fuels' Flagship Hornby Uranium Project (the "Project" or "Hornby Basin Uranium Project"), a district scale, highly prospective uranium exploration Project located in Nunavut, Canada. This acquisition enhances the Company's position in the uranium sector as it targets high-grade uranium mineralization within an area of well-established geological framework.

Highlights

Significant Land Package: The Hornby Basin Uranium Project covers approximately 3407 km2 (841,888 Acres), consisting of 232 mineral claims and six mineral leases (Figure 1). This is the first time that a single entity has obtained control of the entire basin, giving Future Fuels the ability to move freely and capitalize by looking at the whole basin as one large productive uranium system.

Extensive Historical Uranium Exploration:

Mountain Lake (~55 km2): Over 26,000m of near surface historical drilling across 209 drill holes at an average depth of 125m.

Remainder of Project (3,351 km2): Over 13,500m of shallow historical drilling across 56 drill holes at an average depth of 127m.

The land package has been extensively evaluated by previous operators through numerous airborne and ground geophysical surveys, detailed geological mapping, and comprehensive geochemical sampling.

Strategic Location: Positioned within the Bear Structural Province of the Canadian Shield (96km SW of Kugluktuk, Nunavut Territory), known for its extensive mineral wealth, hosting Helikian-age (~1.4- to 1.6-billion-year-old rocks) Hornby Bay and Dismal Lakes sedimentary groups with strong uranium potential covering over 500 linear kilometers of prospective sedimentary geological unconformities (Figure 2).

Mountain Lake Uranium Deposit: Boasts a historical inferred resource estimateof 3,700 tonnes* of U3O8 (equivalent to approximately 8.16 million pounds of uranium) at an average grade of 0.23% U3O8, with significant potential for expansion based upon historical and modern exploration data, including drill hole 77Y-35 which returned 5.19% U3O8 over 0.90m, part of a 3.90m intercept of 2.27% U3O8 which is not included in the historic resource and has yet to be followed up on.

*This resource estimate constitutes a "historical estimate", as that term is defined in National Instrument 43-101 Disclosure Standards for Mineral Projects ("NI 43-101"). This information is derived from a technical report entitled "Mountain Lake Property Nunavut", dated February 15, 2005, filed by Triex Mineral Corporation. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the resource as current. For more information please refer to the Company's January 4, 2025 technical report (the "Future Fuels Report"), available under the Company's profile at www.sedarplus.ca.

Upcoming Exploration Plans:

Conduct a district wide data compilation including the digitization of historical geochemical surveys.

Develop a comprehensive 3D geological model of the Mountain Lake deposit with the aim of generating an Exploration Target to quantify the potential range of a future resource update.

Utilise modern and recently available Artificial Intelligence and Machine Learning to complete the first ever data-driven prospectivity analysis of the Hornby Basin.

Re-process historical geophysical data to plan for the acquisition of new high-resolution geophysical surveys.

Complete advanced remote sensing techniques for detailed structural mapping of the Project.

Plan extensive targeted drilling programs at Mountain Lake and discovery-driven drilling programs across the underexplored areas of the Project beyond Mountain Lake.


Future Fuels plans to release further information on the re evaluation of more than 40 high-priority uranium targets identified on the Project in the coming months.

"The Hornby Basin Uranium Project represents a transformative opportunity for Future Fuels." Commented Rob Leckie, President & CEO of Future Fuels, "Its vast, underexplored potential, combined with geological similarities to productive uranium districts, positions us at the forefront of the next wave of uranium discoveries in Canada. We are excited to apply modern exploration technologies, including AI-driven targeting, to unlock the full value of this remarkable Project for our shareholders and be positioned to contribute to the global energy transition."

Geological Overview

The Hornby Basin Uranium Project is located approximately 100km NE of the historic Port Radium Uranium Mine, a significant site in Canada's uranium mining history. Port Radium was one of the world's first uranium mines, responsible for a major source of uranium during the mid-20th century. Uranium produced from Port Radium contributed to the development of the nuclear energy industry. The geological similarities and regional proximity to this historic mine further emphasize the exploration potential within the Hornby Basin.

The Hornby Basin Uranium Project has the potential to host both primary and secondary uranium deposits. Primary deposits in the region are typically associated with basement-hosted hydrothermal systems, where uranium is concentrated along structural features such as faults and shear zones and deposited at certain horizons such as unconformities. Secondary uranium deposits, on the other hand, form through the redistribution of uranium by groundwater, leading to the precipitation of uranium minerals within porous sedimentary units. These secondary deposits are commonly found in roll-front settings and paleochannel environments, the relatively large extent and predictability of deposits of this style makes them an attractive exploration target. Additionally, modern extraction techniques developed for this type of sedimentary-hosted uranium further adds to the exploration rational. Both primary and secondary uranium deposit styles are common in Canada and located in areas such as Saskatchewan's Athabasca and Nunavut's Thelon basins and Newfoundland and Labradors Central Mineral Belt.

Despite the Hornby Basin's strong geological potential, no current state-of-the-art exploration technology has been utilized to fully delineate its uranium potential. One reason for this is the fact that no single entity/corporation has ever controlled the entire basin until now. Modern geophysical techniques, high-resolution geochemical analysis, and advanced 3D modeling have yet to be applied, leaving significant opportunities for new discoveries. Additionally, there is considerable potential to leverage artificial intelligence (AI) and machine learning algorithms (MLA) to enhance exploration targeting. AI can assist in analyzing complex geological datasets, identifying subtle patterns, and predicting high-probability uranium mineralization zones with greater accuracy and efficiency. Given the extensive historical data that has been collected across the district, and the presence of a known deposit (see historical estimate disclosure above), Future Fuels believes the Project has excellent potential to be an effective use case for this modern tech.

The Hornby Basin Uranium Project is geologically located within the Bear Structural Province of the Canadian Shield, an area historically known for hosting highly productive uranium deposits. The Project's geology is dominated by sedimentary units of the Helikian Hornby Bay Group and the overlying Dismal Lakes Group, both of which are known to host significant uranium mineralization. The Hornby Bay Group consists primarily of fluvial sandstones and minor marine carbonates, whereas the Dismal Lakes Group represents a sequence of continental clastics with fine-grained marine sediments, all conducive to uranium deposition.

Historical geological mapping and geophysical surveys have highlighted key structural features, such as fault intersections and basement highs, which are essential controls for uranium mineralization. The combination of structural complexity, favorable lithologies, and historical exploration success increases the Project's significant discovery potential.

Comparative Geology: Hornby Basin vs. Thelon and Athabasca Basins

According to (Hornby Bay Exploration Ltd., 2004), "The Hornby Basin shares several geological similarities with the prolific uranium-bearing Thelon and Athabasca Basins, two of Canada's most well-known uranium-producing regions." Figure 1 below illustrates the relative locations of the three basins. While each basin has distinct geological characteristics, they all share key features that are favorable for uranium deposition.

Athabasca Basin (Saskatchewan): Known for its high-grade unconformity-related uranium deposits, the Athabasca Basin features uranium mineralization typically occurring at the contact between Archean basement rocks and overlying Proterozoic sandstones of Helikan-age. Major deposits such as Cigar Lake and McArthur River have benefited from extensive hydrothermal fluid flow along fault structures, which contributed to uranium enrichment. "While the Hornby Basin is smaller in scale, its structural complexity, presence of fault-controlled fluid pathways, and evidence of sandstone-hosted uranium mineralization draw strong parallels to Athabasca-style deposits" (Hornby Bay Exploration Ltd., 2004).

Thelon Basin (Nunavut): Often referred to as the "Athabasca Basin of the North," the Thelon Basin features similar geological conditions to Athabasca, with widespread sandstone-hosted uranium mineralization at unconformity contacts. "The Hornby Basin, like the Thelon, exhibits potential for both basement-hosted and sandstone-hosted uranium mineralization" (Jefferson & Delaney, 2006).

Hornby Basin (Nunavut): While historically underexplored compared to Athabasca and Thelon, the Hornby Basin possesses significant discovery potential. Uranium occurrences in the basin are associated with fault-controlled hydrothermal systems and sandstone-hosted deposits, similar to the mineralization models observed in the other basins. Given its favorable geology and the presence of multiple uranium showings, "the Hornby Basin represents an emerging exploration frontier with the potential to host significant uranium resources" (Thomas, 2004).

Figure 1: The three main uraniferous basins of Canada



Mountain Lake Uranium Deposit

The Mountain Lake Uranium Deposit is the most prominent uranium occurrence within the Hornby Basin Uranium Project. Initially discovered in 1976, this deposit has undergone extensive historical exploration, including over 26,000 meters of drilling across 209 drill holes. The deposit contains historical inferred resource estimate of 3,700 tonnes of U3O8 (see historical estimate disclosure above), equivalent to approximately 8.16 million pounds of uranium, with an average grade of 0.23% U3O8 with significant potential for expansion based on historical and modern exploration data including drill hole 77Y-35 which returned 5.19% U3O8 over 0.90m, part of a 3.90m intercept of 2.27% U3O8 which was not included in the historic resource and has yet to be followed up on (Triex Minerals Corp., 2005).

Mineralization at Mountain Lake is predominantly hosted within sandstone units, with uranium concentrated along structural traps such as faults and fracture zones. This stratabound and fracture-controlled mineralization suggests a hydrothermal system influenced by structural complexities within the basin. Historical data indicates strong potential for resource expansion both laterally and at depth, supported by untested geophysical anomalies and favorable geological settings.

Historical Significance and Uranium Occurrences

The Hornby Basin, Athabasca Basin, and Thelon Basin are believed to be remnants of a larger single Proterozoic basin (Smith, 2003). Historical exploration has identified over 140 anomalous uranium assay results in sandstone rock samples, multiple uranium showings, and many significant radioactive occurrences (Figure 2). Readers are encouraged to refer to the Future Fuels Report for greater detail in respect of the occurrences.

Figure 2: Future Fuels Hornby Project with known uranium occurrences shown



Uranium exploration in the Hornby Basin dates back to the early 1970s when regional airborne radiometric surveys first identified significant radioactive anomalies. Subsequent detailed exploration campaigns by various operators confirmed extensive uranium mineralization associated with both sedimentary and basement-hosted settings. "The most notable discovery in the area is the Mountain Lake Uranium Deposit, which was first identified in 1976 through airborne geophysical surveys and follow-up drilling" (Future Fuels Report, 2025).

There are over 200 annual assessment reports documenting the historical exploration completed on licences enclosed or intersected by the current Project mineral tenure. The vast amount of work completed by multiple different operators has an estimated replacement cost of over $30 million CAD in today's dollar terms. One company, Hornby Bay Exploration Ltd., alone conducted over $10 million in exploration efforts, including several geophysical surveys that identified graphitic conductors and structural disturbances at the unconformity contact, further reinforcing the basin's uranium potential (Hornby Bay Exploration Ltd., 2004). Future Fuels has found no evidence that a complete, district wide compilation has been undertaken, and much of the reports have only been scanned with an abundance of data still left to digitize. The Company believes substantial insight can be gathered from compiling all the available data into a powerful database that can be used to narrow down on highly prospective areas in a cost-effective manner and drive further discoveries in the basin.

References

Canadian Nuclear Safety Commission. (2023). Uranium Mining and Exploration Guidelines in Canada. Government of Canada.
Future Fuels Inc. (2025). NI 43-101 Technical Report on the Hornby Basin Uranium Project. Future Fuels Inc. (the Future Fuels Report)
Hassard, F.R. (2005) - Triex Minerals Corporation, Mountain Lake Property, Nunavut (NTS 86N/7)", Technical Report for NI 43-101.
Hornby Bay Exploration Ltd. (2004). Technical Report on the Uranium Resources at Hornby Bay Basin, Nunavut. Hornby Bay Exploration Ltd.
Jefferson, C.W., & Delaney, G.D. (2006). Uranium Deposits of Canada. Geological Association of Canada, Mineral Deposits Division, Special Publication No. 5.
IsoEnergy Ltd. (2025). Asset Purchase Agreement for the Mountain Lake Uranium Deposit. IsoEnergy Ltd.
Smith, J.P. (2003). Geophysical Survey Data and Uranium Assay Analysis in the Hornby Basin. Canadian Geological Survey Bulletin No. 315.
Thomas, D.J. (2004). Comparative Geological Frameworks of the Hornby, Athabasca, and Thelon Basins. Canadian Journal of Earth Sciences, 41(4), 475-490.

National Instrument 43-101 Disclosure

Nicholas Rodway, P. Geo, (NAPEG Licence #L5576) is a consultant of the Company and is a qualified person as defined by National Instrument 43-101. Mr. Rodway has reviewed and approved the technical content in this press release.

About Future Fuels Inc.

Future Fuels' principal asset is the Hornby Uranium Project, covering the entire 3,407 km² Hornby Basin in north-western Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake Deposit. Additionally, Future Fuels holds the Covette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares.

On behalf of the Board of Directors

FUTURE FUELS INC.

Rob Leckie
CEO and Director

[e-mail]
604-681-1568
X: @FutureFuelsInc
www.futurefuelsinc.com

Forward Looking Statements

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators, including the Future Fuels Report. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information, including, but not limited to, statements regarding the historical estimates contained herein, the prospects of the mineral claims forming the Project, which are not at an advanced stage of development, the Company's anticipated business and operational activities, and the Company's plans with respect to the exploration or advancement of the Project. Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of the Company's business include, among other things, the Company's ability to generate sufficient cash flow to meet its current and future obligations; that mineral exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral exploration plans may change and be re-defined based on a number of factors, many of which are outside of the Company's control; the Company's ability to access sources of debt and equity capital; competitive factors, pricing pressures and supply and demand in the Company's industry; and general economic and business conditions. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

SOURCE: Future Fuels Inc.

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North Shore Uranium Exploration Update

https://www.accessnewswire.com/newsroom/en/metals-and-mining/north-shore-uranium-exploration-update-992144

Thursday, 27 February 2025 07:00 AM

VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to provide an update on prioritization of exploration targets at its Falcon property ("Falcon" or the "Property"). In its September 17, 2024, October 10, 2024, and November 13, 2024 news releases, the Company summarized work being done at the West Bear and Falcon properties with three priority areas established at Falcon, Zones 1, 2 and 3 (Figure 1).

To date, North Shore has identified 36 uranium targets at Falcon. The targets are associated with electromagnetic ("EM") conductor anomalies and have been selected based on the analysis and interpretation of multiple datasets by North Shore and its consultants. As reported on May 16, 2024, the Company discovered near-surface uranium mineralization at P03 and P08 at two of these targets, FA033 and FA006, respectively, in an area that had never seen drilling (Figure 2). The Company believes that these new uranium occurrences could be part of a new trend of uranium mineralization that could extend to the south-southwest and to the west-northwest. The Company's near-term focus is to assess the potential for an economic uranium deposit in this area by evaluating priority near-surface EM targets in the South Priority Area at the eastern end of Zone 1 and the South Walker area at the southern end of Zone 2 (Figure 1).

Falcon is located approximately 30 km east of the active Key Lake uranium mill and former mine at the eastern margin of the Athabasca Basin in Saskatchewan. The mill processes uranium ore from the McArthur River Mine, one of two producing uranium mines in Canada. Between 1983 and 2002, Key Lake Mine produced a total of 209.9 million lbs. of U3O8 at an average grade of over 2.0%[1]. The uranium discovery potential at Falcon is significant and includes shallow basement-hosted unconformity-style and pegmatite-hosted mineralization. The Property has seen limited modern exploration programs and there are a number of unexplained uranium occurrences. Terra Clean Energy Corp. (CSE:TCEC) is currently conducting a drill program at its Falcon East Uranium project which lies directly east of Falcon. The program is focused on the Fraser Lakes B uranium/thorium deposit and surrounding area. Fraser Lakes B hosts an inferred resource of 6.96M pounds of U3O8 (Figure 1)2.

Mr. Brooke Clements, President and CEO of North Shore stated: "We believe that Saskatchewan's Athabasca Basin is the best jurisdiction in the world for uranium exploration and development. In the last few years, the region has seen an unprecedented level of claim staking and exploration activity. We have a great pipeline of uranium targets at Falcon with the potential to host a significant near-surface uranium deposit. Our near-term focus is to evaluate targets at the south end of the Property within a trend associated with the new uranium discoveries we made in 2024."

1 Source: Government of Saskatchewan - Mineral Deposit Query (https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/1130). There is no guarantee that a uranium deposit similar to Key Lake will be discovered on the Falcon Property.

2 Source: February 14 2025 Terra Clean Energy Corp. press release.

Geologic information from the Saskatchewan database, EM conductors from Saskatchewan database and North Shore interpretation, targets from North Shore interpretation.






Figure 1: Map showing Falcon exploration targets and priority zones.

South Priority Area

Within Zone 1, the South Priority Area includes the three km long NNE-trending conductor/structural zone where uranium was discovered by North Shore in drill holes P03 and P08 (Figure 2). As reported on May 16, 2024, at P03, a zone from 196.6 to 209.0m included an interpreted brittle fault zone with graphite-rich fault gouge and two samples that returned 345 and 378 ppm U3O8. At P08, a 4.7 m interval between 42.3-47.0m returned 316 ppm U3O8 including one sample with 572 ppm U3O8. Also at P08, a brittle, altered pegmatitic and graphitic fault zone with elevated U3O8 values up to 50 ppm was intersected between 102.3-105.5m, the modelled depth of the EM conductor.

Within the potential mineralized trend, targets FA003 and FA004 offer the potential to extend the occurrence of mineralization along the conductor system. At FA003 the EM conductor system and an associated magnetic low are disrupted and the system splits, with one arm going to the northeast, the other to the north-northeast. In addition, there is a gravity low anomaly which can be an expression of alteration that could be associated with uranium mineralization (Figure 3). At target FA004, which is 1.5 km north of FA003, the conductor is offset near the intersection of two interpreted crosscutting faults.

Approximately two km south of FA003 target FA002 is defined by two strong parallel EM conductors and a parallel magnetic low. The target zone is intersected by an interpreted northwest-trending fault (Figure 4). In addition, just to the southeast of the target there is a strong uranium anomaly defined by the 2022 airborne radiometric survey.

Located approximately five km south of the Fraser Lakes B deposit, target FA005 is defined by a strong EM signature that is intersected by an interpreted north-south fault (Figure 2).

Geologic information from the Saskatchewan database, EM conductors, faults and targets from interpretation by Condor North Consulting ULC ("Condor") and North Shore. Single- and double-peak responses picked from survey profile lines.






Figure 2. South Priority Area where uranium mineralization was discovered by North Shore in 2024 at drill targets P03 and P08.

Vertical gravity gradient (GDD) data processing by Condor, 2.5 g/cm3 density used in terrain correction, data presented in Eötvös (Eö). Structural and EM interpretation by Condor; single- and double-peaked responses picked from airborne survey profiles.






Figure 3. Target FA003 with gravity background, Zone 1.

Magnetics and EM processing and structural interpretation by Condor; single- and double-peak responses picked from survey profile lines.






Figure 4. Target FA002 with magnetics background, Zone 1.

South Walker Area

Due to the presence of a strong northeast-trending EM conductor system, the South Walker Area has been the focus of exploration programs in the past (Figure 5). In 1979, Brinex Ltd. drilled three holes. In 2008, JNR Resources drilled six holes in the area. Structure-associated clay and chlorite alteration were reported in several holes and elevated copper, molybdenum, nickel, cobalt and vanadium were encountered in one hole (Sask. Mineral Assessment File 74H02-0045). North Shore intends to test the southern end of the trend. In early 2024, the Company drilled one hole at target FA0036, P12, but the hole was abandoned at 107.6 m, short of the targeted conductor depth of 125 m owing to unstable ground conditions. Whilst no significant uranium results were returned from North Shore's drilling at P12, a fault zone with elevated Boron values up to 74 ppm was identified from 10-12 m. The parallel EM conductors within targets FA007 and FA0036 are a priority exploration focus for North Shore. At the P12 location the glacial overburden is only 2.5 m thick.

The five holes drilled by JNR Resources within target FA010 from four sites in 2008 did not encounter significant mineralization despite the compelling characteristics of the EM conductor. A strong gravity low anomaly was identified by North Shore from the 2022 airborne gravity survey. This anomaly coincides with the EM conductor and an interpreted north-south-trending fault (Figure 5). The geophysics and drilling results are being studied to determine if more drilling to intersect the gravity anomaly is warranted.

EM and structural interpretation by Condor; single- and double-peaked EM responses picked from airborne survey profiles.






Figure 5. Summary of the South Walker Area

Vertical gravity gradient (GDD) data processing by Condor, 2.5 g/cm3 density used in terrain correction, data presented in Eötvös (Eö). Structural and EM interpretation by Condor; single- and double-peaked EM responses picked from airborne survey profiles






Figure 6. Target FA010 with data from the 2022 airborne gravity survey flown by Xcalibur Airborne Geophysics. Dark contour lines at 10 Eö intervals.

NEXT STEPS

North Shore will continue prioritizing targets at Falcon in pursuit of maximizing the chances of encountering economic uranium mineralization in its next drill program. As currently planned, that drill program would initially focus on several targets in the South Priority Area of Zone 1 and the South Walker Area of Zone 2. EMIT Maxwell software was used to create subsurface models of interpreted conductors from priority areas in Zones 1 and 2 to optimize placement of drill collars. Additional updates on the Company's target prioritization efforts will be provided on an ongoing basis.

BACKGROUND INFORMATION

Falcon consists of 14 mineral claims; four of the claims comprising 12,791 hectares are 100 percent-owned by the Company and the remaining 10 claims totaling 38,766 hectares are subject to an option agreement with Skyharbour Resources Ltd. Under the terms of the option agreement, North Shore has the option to earn up to a 100% interest in the 10 claims by completing certain payments, exploration work and other commitments by October 2026.

ABOUT NORTH SHORE URANIUM

The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing areas like Saskatchewan. The near-term business objective of North Shore Uranium is to become a major force in exploration for economic uranium deposits at the eastern margin of Saskatchewan's Athabasca Basin, a tier-one jurisdiction for discovering new mineable high-grade uranium deposits. The Company is working to achieve this goal by conducting exploration programs at its Falcon and West Bear properties and by evaluating opportunities to complement its portfolio of uranium properties. The Company went public in November 2023 and its experienced team includes uranium experts and mining industry professionals.

QUALIFIED PERSON

Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.

ON BEHALF OF THE BOARD

Brooke Clements,
President, Chief Executive Officer and Director

For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: [phone]
Email: [e-mail]
www.northshoreuranium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current and planned exploration activities including the potential for the definition of a mineral deposit of potential economic value within Falcon; that drilling results, geophysical survey results and/or interpretations thereof are defining potentially mineralized corridors; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

SOURCE: North Shore Uranium Ltd.

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Energy Fuels Announces 2024 Results, Including Active U.S. Uranium Mining, Uranium and Mineral Sand Sales, Commercial U.S. Rare Earth Production, and Strong Balance Sheet

https://www.newswire.ca/news-releases/energy-fuels-announces-2024-results-including-active-u-s-uranium-mining-uranium-and-mineral-sand-sales-commercial-u-s-rare-earth-production-and-strong-balance-sheet-869280478.html

News provided by Energy Fuels Inc. Feb 27, 2025, 07:00 ET

DENVER, Feb. 27, 2025 /CNW/ - Energy Fuels Inc. (NYSE American: UUUU)( TSX: EFR)

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Western Uranium & Vanadium Advances Mustang Mineral Processing Site to Bolster Regional Production

https://www.globenewswire.com/news-release/2025/02/26/3032944/0/en/Western-Uranium-Vanadium-Advances-Mustang-Mineral-Processing-Site-to-Bolster-Regional-Production.html

February 26, 2025 08:45 ET | Source: Western Uranium & Vanadium Corp.

Toronto, Ontario and Nucla, Colorado, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to provide an update of its operational strategy and ongoing developments at the Mustang Mineral Processing Site and Maverick Minerals Processing Site, positioning the Company as a key player in the regional uranium and vanadium processing sector.

In October 2024, Western successfully acquired the Mustang Mineral Processing Site (formerly the Pinon Ridge Mill Site), a move that significantly enhances the Company’s capabilities and processing infrastructure. The acquisition includes all historical data and equipment utilized for the site’s previous successful licensing application. The Colorado Department of Public Health and Environment (CDPHE) has issued a license for this facility twice, underscoring the site’s compliance with stringent regulatory requirements. This site is located approximately 25 miles from Western’s Sunday Mine Complex mining operations in Colorado.

The Mustang Mineral Processing Site boasts significant infrastructure already in place to support long-term operations. Key features include:

Water Resources: Nine monitoring wells and three production wells are currently installed, ensuring sustainable water management.

Power and Access: The site is equipped with power infrastructure and features paved road access and gravel roads on the site, facilitating efficient transportation and logistics.

Tailings Capacity: The 880-acre site provides abundant space for tailings disposal to support 40 years of continuous operations.

Environmental Monitoring: Meteorological data towers are actively collecting data to confirm and validate previous application findings, ensuring environmental compliance and operational efficiency.

In addition to developing the Mustang Mineral Processing Site (“Mustang”), Western is advancing its Maverick Minerals Processing Site (“Maverick”) as a key kinetic separation hub. This strategic initiative will enable the processing of regional ore, upgrading lower-grade materials to economic levels for transport from Maverick to the Mustang facility. By optimizing ore grades before transportation, Western enhances the viability of multiple regional mines, further strengthening the uranium and vanadium supply chain. Maverick is located approximately 4 miles from Western’s San Rafael Project in Utah.

Western’s CEO, George Glasier stated “The acquisition and development of the Mustang Mineral Processing Site is a transformative step for Western, reinforcing our commitment to strengthen the uranium and vanadium industry in the region to meet the growing demand for these critical minerals.”

Western Uranium & Vanadium remains focused on executing its strategic initiatives, ensuring sustainable and efficient mineral processing, and advancing projects that enhance shareholder value and domestic industry production.

About Western Uranium & Vanadium Corp.

Western Uranium & Vanadium Corp. is ramping-up high-grade uranium and vanadium production at its Sunday Mine Complex. In addition to the flagship property located in the prolific Uravan Mineral Belt, the production pipeline also includes conventional projects in Colorado and Utah. The Mustang Mineral Processing Site is being licensed and developed for mined material recovery and will incorporate kinetic separation to optimize economics.

Cautionary Note Regarding Forward-Looking Information: Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Statements of that nature include statements relating to, or that are dependent upon: the Company’s expectations, estimates and projections regarding the Offering and exploration and production plans and results; the timing of planned activities; whether the Company can raise any additional funds required to implement its plans; whether regulatory or analogous requirements can be satisfied to permit planned activities; and more generally to the Company’s business, and the economic and political environment applicable to its operations, assets and plans. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict. Please refer to the Company’s most recent Management’s Discussion and Analysis, as well as its other filings at www.sec.gov and/or www.sedarplus.com, for a more detailed review of those risk factors. Readers are cautioned not to place undue reliance on the Company’s forward-looking statements, and that these statements are made as of the date hereof. While the Company may do so, it does not undertake any obligation to update these forward-looking statements at any particular time, except as and to the extent required under applicable laws and regulations.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Grant Glasier
Vice President Marketing and Project Development
303-808-3306
[e-mail]

George Glasier
President and CEO
970-864-2125
[e-mail]

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Forsys Reports Additional Interim Drilling Results from Norasa

https://www.globenewswire.com/news-release/2025/02/26/3032754/0/en/Forsys-Reports-Additional-Interim-Drilling-Results-from-Norasa.html

February 26, 2025 07:00 ET | Source: Forsys Metals Corp

TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY)

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Snow Lake Initiates Phase 2 Drill Program at Engo Valley

https://www.newsfilecorp.com/release/242425/Snow-Lake-Initiates-Phase-2-Drill-Program-at-Engo-Valley

February 26, 2025 6:00 AM EST | Source: Snow Lake Resources Ltd

Winnipeg, Manitoba--(Newsfile Corp. - February 26, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces the initiation of the Phase 2 drill program at the Engo Valley Uranium Project ("Engo Valley") in Namibia.

Highlights

Phase 2 drill program is planned to consist of up to 7,500 meters of a combination of reverse circulation and diamond drilling, and is designed to provide a drill database sufficient to calculate a maiden mineral resource estimate in accordance with SK-1300

Focus of the Phase 2 drill program will be on the Main Uranium Occurrence ("MUO") and the D1 ("D1") target, where historical uranium mineralization was confirmed by the Phase 1 drill program completed by Snow Lake in late 2024

Additional reverse circulation and diamond drilling will also be undertaken on a number of highly prospective targets in the north and south parts of the project area, previously identified by the radon cup survey in 2024

As global energy policies continue to gravitate towards nuclear energy, attention continues to focus on the coming supply deficit in global uranium production

CEO Remarks:

"We are pleased to have initiated an expansive Phase 2 drill program at Engo Valley," said Frank Wheatley, CEO of Snow Lake. "We have high expectations for this program to provide us with the data set necessary to calculate a maiden mineral resource estimate during the second half of 2025. Given the global focus on nuclear energy, and in particular the new United States administration's policies regarding advanced nuclear technology, global demand for uranium will continue to increase in the coming decade, and we anticipate to be able to demonstrate that Engo Valley has the potential to contribute to meeting that demand."

Phase 2 Drill Program

The Phase 2 drill program ("Phase 2") is currently planned to consist of an aggregate of up to 7,500 meters of a combination of reverse circulation and diamond drill holes in a 200 meter by 100 meter in-fill grid pattern sufficient to allow the calculation of a maiden mineral resource estimate. Phase 2 will be focused on the MUO and D1. A number of drill holes will also be undertaken on some of the targets identified by the radon survey outside of the MOU and D1. Downhole radiometrics will be conducted on each drill hole.

Phase 2 is currently scheduled to begin mobilization to site in mid-March 2025, and assuming drilling goes according to plan and downhole radiometrics and assay results are received in a timely fashion, the preparation of a maiden mineral resource estimate is targeted for completion during the second half of 2025.

Global Focus on Energy Security and Nuclear Energy

As global energy policies continue to embrace nuclear energy as a means to ensure energy security, and in particular the new United States administration's focus on energy independence and advanced nuclear technology, new sources of uranium will need to be developed to supply the global growth in nuclear energy.

Critical factors driving uranium demand, which in turn is driven by expansion of nuclear energy, over the next decade include:

Shortfall of Primary Uranium Supply: Current uranium supply will not meet forecasted uranium demand over the next decade. New sources of primary uranium supply, including new uranium mines, will need to be developed to meet this demand

Data Centers & Demand for Electricity: Forecasts of global power demand from data centers will increase by 50% by 2027 and by as much as 165% by the end of the decade (compared 2023)1

High-Density Data Centre Growth. The explosion in generative artificial intelligence (AI) will require many high-density data centers as well as much more electricity to power them

Big Tech & Data Centres. All big technology companies, including Google, Microsoft, Amazon, Meta and Apple continue to build data centres, including high-density data centres, to support their AI ambitions

Apple's Accelerated Investment in AI. Apple will spend more than $500 billion in the United States over the next four years to expand its footprint in the United States, including expanding its data centre capacity2

Big Tech & Nuclear Energy. Google, Microsoft, Amazon and Meta are among the technology companies investing in nuclear energy to power their energy intensive businesses, including Amazon's $500 million investment in nuclear power3

Namibia

Namibia is currently the world's third-largest producer of uranium, accounting for 11% of global production in 20224, from three currently operating uranium mines: Rossing, Husab and Langer Heinrich. Two new uranium mines are currently in development: the Tumas Uranium Project by Deep Yellow Limited and the Etango Uranium Project by Bannerman Energy Ltd.

About Snow Lake Resources Ltd.

Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ: LITM, with a global portfolio of clean energy mineral projects comprised of three uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia, the Black Lake Uranium Project is an exploration stage project located in the Athabasca Basin, Saskatchewan, and the Buffalo Uranium Project is an exploration stage project in Wyoming, United States. The Shatford Lake Project is an exploration stage project located adjacent to the Tanco lithium, cesium and tantalum mine in Southern Manitoba, and the Snow Lake Lithium™ Project is an exploration stage project located in the Snow Lake region of Northern Manitoba. Learn more at www.snowlakeenergy.com.

Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-Looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-Looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-Looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.

Contact and Information

Frank Wheatley, CEO Investor Relations

Investors:
[e-mail]

Website:
www.snowlakeenergy.com Follow us on Social Media

Twitter:
www.twitter.com/SnowLakeEnergy

LinkedIn:
www.linkedin.com/company/snow-lake-energy



1 Goldman Sachs - AI to drive 165% increase in data centre power demand by 2030 - February 4, 2025
2 Apple Newsroom - Press Release - February 24, 2025
3 CNBC - October 16, 2024
4 Fraser Institute. GlobalData's Global Uranium Mining to 2026 Report.

SOURCE: Snow Lake Resources Ltd

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URZ3 Energy Stakes Mineral Claims In Powder River Basin, Wyoming

https://thenewswire.com/press-releases/1Be9F1VgW-urz3-energy-stakes-mineral-claims-in-powder-river-basin-wyoming.html

Vancouver, BC – February 26, 2025 – URZ3 Energy Corp. ("URZ3" or the “Company”) (TSXV: URZ; OTCQB: URZEF) is pleased to announce that it has staked mineral claims in the uranium rich Powder River Basin in Wyoming. The claims, which cover approximately 890 acres, are situated in the well established in-situ recovery (ISR) uranium district west of the Christensen Ranch (Uranium Energy Corp.) and Nichols Ranch (Energy Fuels Inc.) ISR mines. The claims comprise the Company’s Dry Fork Project and are believed to host favorable geological structures suggesting prospectivity for uranium exploration.

The Powder River Basin has long been recognized as one of North America’s key ISR uranium districts, and URZ3's latest staking represents a significant step in the Company’s strategy to expand its uranium portfolio. The proximity to the proven Christensen Ranch and Nichols Ranch ISR mines further reinforces the potential of the area and the exploration upside of the Dry Fork Project.

Mark Kolebaba, President and CEO, commented, “This new project allows URZ3 Energy Corp. to leverage its experienced team and proven exploration expertise to try to replicate the success many of the Company’s founders and principals (those formerly with Uranerz Energy Corp.) achieved at the Nichols Ranch project prior to Uranerz being acquired in 2015 by Energy Fuels. The favorable geological setting of this newly staked project, combined with the district’s reputation for high-quality ISR uranium resources, provides an exciting opportunity to build another successful uranium project.”

The Powder River Basin’s extensive uranium mineralization, combined with the growing demand for clean energy, presents a compelling opportunity for investors interested in North American, and specifically United States, uranium resource exploration and development. URZ3 Energy Corp. is formulating plans to advance its uranium exploration activities.

The claims were staked and filed with the Bureau of Land Management (“BLM”) in October and November, 2024, respectively and are subject to final adjudication by the BLM.

About URZ3 Energy Corp.

URZ3 Energy Corp. is a resource development company focused on the acquisition and exploration of uranium properties in North America. The company is dedicated to advancing its portfolio of projects to meet the growing demand for uranium as a clean energy resource, leveraging its team’s extensive experience in ISR uranium exploration, development, and production.

For more information about URZ3 Energy Corp., please visit www.urz3.com.

Contact:
Mark Kolebaba, President and CEO

Telephone: [phone]
Email: [e-mail]

Forward-Looking Statements

This news release contains forward-looking statements that are based on management’s expectations, estimates, and projections as of the date of this release. These statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Bedford Metals to Acquire Cable Lake Uranium Project, Expanding Ubiquity Lake Project

https://thenewswire.com/press-releases/1k49FJz0v-bedford-metals-to-acquire-cable-lake-uranium-project-expanding-ubiquity-lake-project.html

February 26th, 2025 – TheNewswire — Bedford Metals Corp. (TSX-V: BFM, FWB: O8D), (ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce that it has entered into an agreement, dated February 24, 2025, with Northern Lights Exploration Corp. (“NLE”), and the sole shareholder of NLE (the “Vendor”), pursuant to which the Company proposes to acquire (the “Acquisition”) all of the outstanding share capital of NLE. NLE is the holder of the Cable Lake Uranium Project, comprised of an 8,056 hectare area adjoining the Company’s Sheppard and Ubiquity Lake claims to the north. With this Acquisition, the Company will control an aggregate of 13,092 hectares of prospective ground in the highly prospective Athabasca Basin, Saskatchewan.

The Cable Lake claims host over 22 kilometers of electromagnetic (EM) anomalies situated within relative magnetic lows— a geophysical signature commonly associated with uranium deposits in the Athabasca Basin. Notably, a 2007 GEOTEM (airborne magnetic and electromagnetic) survey conducted by Fugro identified an area of interest (ROI 5) just north of Warr Lake, where Bedfords' 2024 exploration program uncovered several radioactive anomalies.

Pursuant to the terms of the Acquisition, the Company proposes to acquire all of the outstanding share capital of NLE in consideration for the issuance of 1,000,000 common shares of the Company to the Vendor. In addition, the Vendor will receive the right to acquire 2,500,000 common shares, for total consideration of $1.00, in the event the Company successfully recovers a radioactive sample from the Cable Lake claims equal to or greater than 0.10%, provided that such event occurs prior to December 31, 2027. The Company is at arms-length from the Vendor and NLE. No finders’ fees or commissions are payable by the Company in connection with the Acquisition. Completion of the Acquisition remains subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing deliveries.

Peter Born, President of Bedford, commented, “We are excited about the Acquisition of the Cable Lake Uranium Project. This Acquisition will significantly expands the Ubiquity Lake project area and will add a highly prospective land package with strong geophysical signatures. The fact that this project directly adjoins our existing claims makes it a natural and strategic addition to our portfolio. We look forward to integrating this new ground into our exploration plans as we continue working towards a uranium discovery.”

With the addition of the Cable Lake Uranium Project, Bedford will be updating its exploration plan to incorporate this newly acquired prospective ground. The Company will refine its targeting efforts using historical geophysical data, modern exploration techniques, and the findings from its 2024 exploration programs to prioritize high-potential areas for further investigation. Further details on the exploration plans for the expanded project area will be provided as they are finalized.

Bedford remains committed to conducting all exploration activities in an environmentally responsible manner and in collaboration with local indigenous communities and stakeholders. The company prioritizes sustainability and responsible resource development to ensure mutually beneficial relationships with the communities in which it operates.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and the President of the Company, and is responsible for and has approved the technical information contained in this release.

For further information, please contact the Company at info @hage-1199 or visit the Company’s website at www.bedfordmetals.com.

On behalf of the Board,

Bedford Metals Corp.

“Peter Born”

President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain “forward-looking information” within the meaning of the applicable Canadian securities legislation (“forward-looking statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statements that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward -looking statements relate, among other things to: completion of the Acquisition, the ability to obtain the necessary regulatory authorizations and approvals and the development of a revised exploration plan.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward–looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward–looking statements to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

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Skyharbour Commences its 2025 Drilling Campaign with Winter Drilling Program at its Russell Lake Uranium Project, Saskatchewan

https://www.globenewswire.com/news-release/2025/02/25/3031908/36591/en/Skyharbour-Commences-its-2025-Drilling-Campaign-with-Winter-Drilling-Program-at-its-Russell-Lake-Uranium-Project-Saskatchewan.html

February 25, 2025 07:30 ET | Source: Skyharbour Resources Ltd

Vancouver, BC, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce the commencement of its winter phase of diamond drilling at the 73,314 hectare Russell Lake Uranium Project (“Russell” or the “Project”). The Project is 57.7% owned by Skyharbour as operator with joint-venture partner Rio Tinto Exploration Canada Inc. (“RTEC”) owning the other 42.3%. It is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan, with access to regional infrastructure, including an all-weather road and powerline. Skyharbour plans to complete an initial 5,000-metre diamond drilling program in 10 to 12 holes at the project, building on the successful results from the drilling campaign completed last year. The Company's geologists, along with a contracted drilling crew, are based at Skyharbour’s exploration camp on the McArthur River-Key Lake haul road, situated within five kilometres of Denison Mines' Phoenix deposit at the Wheeler River Project.



Russell Lake and Moore Projects Location Map:
https://www.skyharbourltd.com/_resources/images/SKY_RussellLake.jpg



Skyharbour is fully-funded for its upcoming drill programs at its co-flagship Russell Lake and Moore Uranium Projects in 2025 starting with this first phase of drilling at Russell. The Company has plans to drill approx. 16,000 – 18,000 metres in 35 – 45 holes across its co-flagship projects representing the largest annual drill campaign ever carried out by the Company.



Jordan Trimble, President and CEO of Skyharbour, stated: “We are thrilled to commence the 2025 drill campaign which will consist of 16-18,000 metres in multiple phases of drilling at Russell and Moore throughout the year. This will provide steady news flow as we follow up on the 2024 programs with the benefit of low-cost drilling and relatively shallow target depths at our co-flagship projects. This first phase of drilling at Russell will continue to test the exploration upside at the project, which hosts widespread uranium mineralization and has the geology necessary for larger, high-grade, Athabasca Basin uranium deposits.”





Winter Phase of Diamond Drilling at Russell Lake:



Skyharbour has commenced its 2025 drilling program at the Russell Lake Project with plans for a first phase consisting of approx. 5,000 metres to follow up on notable recent exploration success and to test new targets developed by the geological team. The focus for this phase of drilling will be on the Fork and Sphinx targets within the broader Grayling target area, as well as the M-Zone Extension (“MZE”) target and the Fox Lake Trail target. This initial winter program will consist of 10 to 12 drill holes, with most of the targets being road accessible and near the exploration camp, bringing the drill costs down. Furthermore, details on the geochemical assay results are pending from the drilling carried out in late 2024 at Russell.



Russell Lake Project Target Areas:
https://www.skyharbourltd.com/_resources/images/20240110-MainTargetsRussellLake2024.jpg



The Fork target is a newly identified target to the southwest of the Grayling Zone and is on strike with Denison’s M-Zone at their adjacent Wheeler River Project. Last year, high-grade uranium was discovered at the Fork target in hole RSL24-02, which returned a 2.5-metre wide intercept of 0.721% U3O8 at a relatively shallow depth of 338.1 metres, including approx. 3.0% U3O8 over 0.5 metres just above the unconformity in the sandstone (see news release dated July 19th, 2024, titled: “Skyharbour Drills New Discovery at Russell Project with High-Grade Uranium Mineralization Up to 3.0% U3O8 at Newly Identified Fork Zone”). This high-grade intercept is a new discovery which had very limited historical exploration due to a lack of reliable geophysical data and drill targets hampered by interference from nearby powerlines. The mineralization remains open in most directions, including along strike and up-dip, and will be a high-priority target for this drill program. The potential for basement-hosted mineralization at the Fork target remains virtually untested.



Grayling and Fork Target Areas:
https://skyharbourltd.com/_resources/images/2024-Fork-East-Grayling-Drill-Hole-Location-Map_NR.jpg



Skyharbour also plans to drill targets in the M-Zone Extension area along trend from the Grayling Zone and Denison’s M-Zone at Wheeler River, where historical drilling intersected basement-hosted uranium mineralization. More recent drilling by Denison in 2020 at the M-Zone encountered uranium mineralization with significant faulting, core loss, geochemical anomalies, and radioactivity encountered in other drill holes. Like the Grayling Zone, the mineralization at the MZE target is hosted by a graphitic thrust fault within a significant magnetic low. It is also noted that cross structures associated with Denison’s Phoenix and Gryphon uranium deposits potentially trend onto the Russell Lake property within the M-Zone Extension target area, further enhancing the prospectivity of this target.



M-Zone Extension Drill Targets:
https://www.skyharbourltd.com/_resources/images/20240110-M-ZoneExtensionTargetsRussellLake.jpg



The Fox Lake Trail (“FLT”) area is located in the northwestern section of the Russell Lake project. This area encompasses a broad conductive corridor with a strike length exceeding 12 km, which hosts multiple parallel conductors identified by both airborne and ground geophysical surveys, subsequently confirmed by drilling, as graphitic fault zones. Limited historical drilling in the area shows significant alteration and disruption in both sandstone and basement rocks, along with elevated radioactivity and highly anomalous pathfinder geochemistry in drill core samples. These findings indicate the presence of a significant hydrothermal system in the area, which is often associated with the formation of high-grade, unconformity-type uranium deposits in the Athabasca Basin.



Skyharbour to Participate in Red Cloud's 13th Annual Pre-PDAC Mining Showcase:



Skyharbour is pleased to announce that the Company will be presenting at Red Cloud's 13th Annual Pre-PDAC Mining Showcase. We invite our shareholders, and all interested parties to join us. The annual conference will take place in-person at The Omni King Edward Hotel in Toronto on February 27th and 28th, 2025. President and CEO Jordan Trimble will be presenting on February 28th at 10:00AM Eastern Standard time.



For more information and to register for the conference please visit:
https://redcloudfs.com/prepdac2025/.



Russell Lake Uranium Project Overview:



The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,314 hectares strategically located between Cameco’s Key Lake and McArthur River Projects, and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. The northern extension of Highway 914 between Key Lake and McArthur River runs through the western extent of the property and greatly enhances accessibility, while a high-voltage powerline is situated alongside this road. Skyharbour’s acquisition of a majority interest in Russell Lake creates a large, nearly contiguous block of highly prospective uranium claims totalling 109,019 hectares between the Russell Lake and the Moore uranium projects. Several notable exploration targets exist on Russell, including the Grayling Zone, the M-Zone Extension target, the Little Man Lake target, the Christie Lake target, the Fox Lake Trail target and the newly identified Fork Zone target. More than 35 kilometres of largely untested prospective conductors in areas of low magnetic intensity also exist on the Property. Skyharbour is the operator and owns a majority interest in Russell Lake, having formed a joint venture partnership with RTEC at the project.



Qualified Person:



The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.



About Skyharbour Resources Ltd.:



Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.



Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.



Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.



Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg



To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.



SKYHARBOUR RESOURCES LTD.



“Jordan Trimble”
_________________________________
Jordan Trimble
President and CEO



For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
?Skyharbour Resources Ltd.
?Telephone: [phone]
?Toll Free: 800-567-8181
?Facsimile: 604-687-3119
?Email: [e-mail]



NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.



Forward-Looking Information



This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

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Refined Energy Engages TerraLogic Exploration to Advance Basin and Milner Properties

Strategic Partnership to Enhance Exploration Planning for Basin and Milner Properties

https://www.globenewswire.com/news-release/2025/02/24/3031082/0/en/Refined-Energy-Corp-Engages-TerraLogic-Exploration-to-Advance-Basin-and-Milner-Properties.html

February 24, 2025 08:00 ET | Source: Refined Energy Corp.

VANCOUVER, British Columbia, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) ("Refined” or the "Company") is pleased to announce that it has engaged TerraLogic Exploration Inc. (“TerraLogic”) to review and analyze data on the Basin and Milner Properties in Saskatchewan. TerraLogic will prepare a proposal for summer work programs on each property. Refined has the option to acquire 100% of each of the properties as described in the news release of August 7, 2024.

The Basin and Milner Properties

The Basin Property is prospective for unconformity- and basement-hosted uranium mineralization, while at the Milner Property the focus is on the outcropping pegmatite and structurally related mineralization. The Basin Property is in close proximity to Highway 905 and lies in the northeastern part of the Athabasca Basin. Historical exploration has identified radioactive anomalies associated with linear and conductive features. The Milner Property is located approximately 5 kilometres west of Missinipe and Highway 102, and 60 kilometres north of La Ronge, Saskatchewan. Previous work has identified uranium mineralization at multiple locations.

Mark Fields, Chief Executive Officer of the Company stated, “We believe the Basin and Milner properties are underexplored and are a positive complement to our flagship Dufferin Project, where we are planning a drill program. The Basin and Milner properties demonstrate our commitment to acquiring attractive exploration opportunities for the Company. These acquisitions further the Company’s strategy of developing a robust uranium-focused portfolio in the Athabasca Basin region, which is renowned for its high-grade uranium deposits and storied history of exploration, discovery, and development.”

Qualified person

Michelle McKeough, PGeo, a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical disclosure in this news release.

About Refined Energy Corp.

Refined Energy Corp. is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. The Dufferin Project in the Athabasca Basin is the flagship project of Refined and a drill program is planned for 2025. Refined also has an option to earn up to a 100% interest in the Basin and Milner uranium properties in Saskatchewan. The Company continues to review other mineral properties in North America for possible acquisition in the future.

For further information, please contact:

Phone: [phone]
Email: [e-mail]

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the expected commencement date and term of the marketing activities contracted for by the Company and the debt settlement, including the closing and the anticipated closing date thereof.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the start date and length of the Company’s promotional program and the Canadian Securities Exchange’s acceptance of the Company’s promotional program, the assumption that the Canadian Securities Exchange will accept the terms of the debt settlement and the assumption that the debt settlement will proceed as currently anticipated on the timing currently anticipated.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, that the budget for the Company’s marketing program may not be sufficient to permit the marketing activities to continue for the anticipated term; that the Canadian Securities Exchange may object to the Company’s promotional program and use its discretion to halt the Company’s promotional activities or impose other penalties on the Company; and that the debt settlement does not close on the timeline expected, or at all, including as a result of the failure to receive the approval of the Canadian Securities Exchange for the debt settlement. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The CSE has neither approved nor disapproved the information contained herein

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Global Uranium Provides Update on the Northwest Athabasca Joint Venture Project Drilling Program

Global Uranium on Schedule to Commence Drilling in Early March

https://www.globenewswire.com/news-release/2025/02/24/3031087/0/en/Global-Uranium-Provides-Update-on-the-Northwest-Athabasca-Joint-Venture-Project-Drilling-Program.html

February 24, 2025 08:00 ET | Source: Global Uranium

CALGARY, Alberta, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company”) is pleased to provide an update on its drilling program at the Northwest Athabasca (“NWA”) Project, a joint venture with the operator Forum Energy Corp. (the “Operator”), located in northern Saskatchewan. Mobilization efforts are advancing, and the Company remains on track to commence drilling in early March.

The project site is progressing efficiently, with the team actively managing logistics to ensure smooth operations. The Operator has arranged air transport for personnel and key materials, with the first flight set to arrive in a few days. Heavier equipment and additional supplies will be delivered as needed. On-site preparation is advancing well, with a strong focus on establishing the airstrip and camp to support ongoing operations. Strategic planning is in place to maintain steady progress, keeping the drilling program on track and moving forward successfully.

The Company has refined its drilling targets based on recently reprocessed geophysical data. The first drill target is readily accessible, and additional geophysical survey results are expected to further enhance targeting. A resistivity survey contract is currently being finalized, with data collection expected to take approximately 2-to-3 weeks. Drilling operations are anticipated to begin in early-March, weather permitting.

“We are pleased with the steady progress at the Northwest Athabasca Project as we move toward the launch of our winter drill program. The team has done an excellent job managing logistics and ensuring a smooth mobilization process, keeping us on track to begin drilling in early March,” said, Ungad Chadda, CEO of Global Uranium. “Refining our drill targets based on reprocessed geophysical data has further strengthened our approach, and we are confident that the upcoming resistivity survey will provide additional valuable insights.”

With mobilization progressing and key logistical challenges being addressed, the NWA Project is well-positioned for the winter drill program. The Company looks forward to updating investors as drilling commences and further exploration results become available.

Qualified Person
Jared Suchan, Ph.D., P.Geo., Global Uranium’s Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

About Global Uranium Corp.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.

On Behalf of The Management Team

Ungad Chadda
CEO
587-330-0045
[e-mail]

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the intention to continue exploration efforts on the Project with the aim of further unlocking the Project’s potential; and the expectation that natural attenuation will allow the site to recover without further action.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that exploration of the Project may not continue, whether as a result of a lack of financial resources, a failure to receive the requisite permits or approvals, the discretion of management of the joint venture or otherwise; the risk that exploration of the Project will not progress as currently contemplated and, that, even if exploration does proceed as anticipated, such exploration activities may not achieve their anticipated outcomes; risks inherent in the exploration and development of mineral projects, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; the risk that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; risks related to joint ventures and the other risks and factors identified by the Company in its continuous disclosure filings, filed on the Company’s SEDAR+ profile at www.sedarplus.ca.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ?press release.

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Purepoint Uranium Reports Results from Tabbernor Project Geophysical Survey

https://www.newsfilecorp.com/release/241939/Purepoint-Uranium-Reports-Results-from-Tabbernor-Project-Geophysical-Survey

February 24, 2025 6:30 AM EST | Source: Purepoint Uranium Group Inc.

Toronto, Ontario--(Newsfile Corp. - February 24, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today announced initial results of its recently completed airborne FALCON gravity survey across the 81,817-hectare Tabbernor Project, located near the southeastern edge of Saskatchewan's Athabasca Basin.

"The results of our FALCON gravity survey have provided a critical next step in refining priority targets at Tabbernor." said Scott Frostad, Vice President Exploration at Purepoint. "We have now outlined three key areas showing favourable geology, complex structural features and potential hydrothermal alteration - strong indicators of uranium mineralization. Our next phase of work will focus on further refining these targets in preparation for drilling."

Highlights

7,549 line-kilometre, airborne FALCON gravity and magnetic completed by Xcalibur Smart Mapping;

Three high-priority exploration zones identified, each displaying gravity low anomalies, suggesting potential hydrothermal alteration and uranium-bearing structures; and

Follow-up prospecting and soil geochemistry programs planned for summer 2024 to further define drill targets.

Previous airborne electromagnetic surveys over the Tabbernor project have outlined over 70 kilometres of EM conductors reinforcing the project's potential.

Recent airborne electromagnetic surveys at the Tabbernor project have now defined over seventy (70) kilometres of EM conductors reinforcing the project's potential to host large-scale uranium mineralization. The Central Conductive Trend, stretching 57 kilometres, has emerged as the primary exploration target. Results from the FALCON gravity and magnetic survey (Figure 1) indicate that these centrally located conductive rocks mark a key geological transition zone shifting from granitic rocks in the south to sedimentary rocks towards the north - a setting known to be favourable for uranium disposition.

The project area is structurally controlled by the Tabbernor Fault System, a deep-seated, regionally significant fault network linked to several uranium deposits to the north. The 2024 FALCON gravity survey has significantly enhanced the structural interpretation, identifying previously unrecognized faulting that could control uranium deposition.

Exploration efforts are now focused on three priority exploration target areas where airborne gravity data has identified low-density anomalies, potentially indication hydrothermal alteration - a key indicator of uranium mineralization. Summer 2025 exploration plans include prospecting, boulder sampling and soil geochemistry with results guiding follow-up ground geophysics and diamond drilling.



Figure 1: Enhanced Vertical Gravity Results from 2024 Airborne FALCON Gravity Survey over the Tabbernor Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/241939_figure1.jpg



Figure 2: Location of the Tabbernor Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/241939_904c8413b4b8689c_008full.jpg

Tabbernor Project

The 100% owned Tabbernor Project is strategically positioned along three major trends of the Tabbernor Fault System, a deep seated, 1,500-kilometre crustal shear system that runs north through the Athabasca Basin. The system not only hosts over 80 historic mines and gold occurrences but also crosscuts the Basin's mine trend aligning itself with 8 of the Basin's largest uranium discoveries.

The Tabbernor project is roughly 40 kilometres south of Cameco's Eagle Point deposit (Figure 2) and is comprised of 35 contiguous mineral claims covering an area of 81,817 hectares. The original three north-south claim groups that covered Tabbernor structures have now been expanded to include a strong east-northeast trending corridor of conductive rocks further enhancing the project's exploration potential.

Purepoint's current focus is the 57-kilometre graphitic corridor that cuts through the project, specifically, areas with gravity low responses and showing evidence of structural complexity. Notably, recent drilling on an adjacent property intersected significant mineralization associated with the central Tabbernor graphitic structure (see CanAlaska Uranium Ltd. press release, September 27, 2023).

Tabbernor Fault System

The Tabbernor Fault System (TFS) is a wide, >1,500 kilometre geophysical, topographic, and geological structural zone that trends approximately northward along Saskatchewan's eastern boundary. Purepoint's research has shown that although none of the province's currently known uranium deposits have been linked to the north-south trending TFS, localized shear zones hosting uranium mineralization may have an associated north-south structural component.

Reactivation of the TFS may have coincided with the age of formation of large uranium deposits in the Athabasca Basin (Davies, 1998). Davies also concluded that structural similarities between the TFS and mineralized areas suggest that the fault system may have had a control on the location of mineralization. More specifically, he considered that several deposits, such as the Sue, Midwest, Dawn Lake and Rabbit Lake all demonstrate a north-south control and strong Tabbernor-like characteristics.

Reference:

Davies, J.R. (1998): The origin, structural style, and reactivation history of the Tabbernor fault zone, Saskatchewan, Canada; Master's thesis, McGill University, Montreal, Quebec, 105p.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: [phone]
Email: [e-mail]

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

SOURCE: Purepoint Uranium Group Inc.