Uranium Mining and Exploration

[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

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

[Lone Clone]

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

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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



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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.

[Lone Clone]

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.

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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.

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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

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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.

[Lone Clone]

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)

[Lone Clone]

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.

[Lone Clone]

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)

[Lone Clone]

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)

[Lone Clone]

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

[Lone Clone]

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.

[Lone Clone]

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.

[Lone Clone]

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.

[Lone Clone]

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

[Lone Clone]

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.

[Lone Clone]

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.

[Lone Clone]

Foremost Clean Energy Reports Multiple Intercepts of Uranium Mineralization from Hatchet Assays

Confirmation of High-Priority Targets for a Follow-Up Drill Program

https://www.globenewswire.com/news-release/2025/02/20/3029578/0/en/Foremost-Clean-Energy-Reports-Multiple-Intercepts-of-Uranium-Mineralization-from-Hatchet-Assays.html

February 20, 2025 08:00 ET | Source: Foremost Clean Energy Ltd.

VANCOUVER, British Columbia, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”), is pleased to announce positive exploration results from the geochemical assay of drill cores recovered from its 2024 drill program at the Hatchet Lake Uranium Property (“Hatchet”), located in the world-class Athabasca Basin of northern Saskatchewan (Figure 1). These results highlight the prospectivity of two mineralized target areas (Richardson and Tuning Fork) on the Company’s flagship uranium property, and a number of additional compelling targets areas for future drill program(s), which are currently in the planning stage and are expected to be announced shortly.

Highlights:

Notable uranium intercepts from the Richardson target area in drill hole RL-24-29, with strongly anomalous uranium noted below the unconformity, including:
0.11% U3O8 (901 ppm U) from 81.2 to 81.4 metres
0.04% U3O8 (354 ppm U) from 81.4 to 81.9 metres
0.04% U3O8 (322 ppm U) from 78.3 to 78.6 metres
Strong geochemical signatures returned, and structural controls confirmed at the Tuning Fork target area:
Assays from both drill holes completed in 2024 (TF-24-11 and TF 24-12) returned anomalous uranium and elevated levels of boron (up to 5,670 ppm), copper (up to 233 ppm), nickel (up to 387 ppm), and cobalt (up to 209 ppm). These pathfinder elements are potentially indicative of a hydrothermal system capable of precipitating (depositing) uranium.
Both drill holes encountered significant structural disruption and hydrothermal alteration (including intense clay alteration, hydrothermal hematite, and a shear zone with graphitic-pyritic faults), which are generally characteristic of uranium deposits in the Athabasca Basin region.

"We are very pleased with the results from the 2024 Hatchet Lake drill program," said Jason Barnard CEO of Foremost Clean Energy. "Discovering high-grade uranium deposits in the Athabasca Basin region is incredibly challenging given the typically small footprint of known uranium deposits. To have encountered notable uranium mineralization at Hatchet in 2024 is a significant differentiator amongst other explorers. Most new entrants into the Saskatchewan uranium exploration sector must invest years and considerable dollars into developing prospective targets for drill testing. Given our unique transaction with Denison, we are starting from a significantly advanced stage, with the ability to report multiple mineralized intercepts and to rapidly advance exploration - building upon the years of prior exploration carried out by Denison on this well situated and prospective property. We are excited to be in the final stages of developing follow up drill programs for Hatchet, which we expect to complete in both the winter and summer drilling season – providing potentially significant news flow for our shareholders for the next several months.

Additionally, we are nearing completion of our extensive efforts to assess and prioritize targets for exploration within the entire portfolio of ten properties that that Foremost has optioned from Denison, some of which are expected to be ready for drill testing during 2025."




Figure 1 Location of Hatchet Lake Property, Northeast Athabasca Basin, Saskatchewan

The 2024 Hatchet Lake Drill Program was completed by Denison Mines Corp. (“Denison”) on the behalf of the Hatchet Lake Joint Venture between Denison and Eros Resources Corp. In 2024, Foremost completed the first stage of an option agreement with Denison whereby it can acquire a portion of Denison’s interest in the Hatchet Lake Joint Venture to a maximum 51% interest in the property (see news release dated October 7, 2024).

Exploration efforts in 2024 included drill testing of high-potential areas identified through previous geophysical surveys and historical drilling.

Richardson Target Area:

At the Richardson target area, RL-24-29 (Figure 2) was designed to test the western strike extension of a conductive trend that passes through an adjacent claim held by Cameco Corp. (“Cameco”), which has seen significant historical exploration. The mineralized intervals reported from the assays of drill cores recovered from RL-24-29, combined with the previously reported radioactivity values, are positive indicators of the presence of a uranium-mineralizing system at the Hatchet Lake Property.

The broader Richardson Trend is situated northeasterly of the interpreted extends of the Laroque Conductive Corridor (See Figure 1), which is host to multiple occurrences of high-grade uranium mineralization, including IsoEnergy’s Hurricane Deposit, which is estimated to contain Indicated Mineral Resources of 48.6M lbs U3O8 from 63,800 tonnes at an average grade of 34.5% U3O8. 1

The company cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the company's properties, including the Hatchet Lake Property.




Figure 2: Location of Hole RL-24-29, Richardson Target Area.

Tuning Fork Target Area:

At the Tuning Fork target area, drill testing focused on conductive anomalies identified by a previously completed electromagnetic (EM) geophysical surveys that were in the vicinity of strongly anomalous geochemical results from previous drilling. Both completed holes (TF-24-11 and TF-24-12) intersected significant structure and alteration indicative of hydrothermal fluid flow, including intense clay alteration and hydrothermal hematite. A reactivated fault zone with locally brecciated graphitic-pyritic faults was intersected approximately 80 metres below the unconformity in drill-hole TF-24-12. The projection of these structures to the unconformity represents an opportunity for future follow-up.

The presence of semi-massive graphite in the ductile shear zone (200-211.5m in TF-24-12), along with elevated boron, copper, nickel, and cobalt, highlights the potential for a future discovery of a uranium deposit associated with this structure.

Additionally, structural measurements from recovered core indicate that the basement structure steepens to the north of historical drill hole TF-15-09 towards TF-24-11 and TF-24-12, which is likely caused by faulting or folding. The combination of a basement hosted shear zone and significant structural disruption in the sandstone (believed to be up-dip of a structure intersected in previous holes), the Tuning Fork area represents a target rich area that warrants follow up exploration.




Figure 3: 2024 Drill Hole locations, Tuning Fork Target Area.

Next Steps:

Based on these positive results, Foremost is developing plans for follow-up drill programs to be completed during the winter and summer exploration seasons. The future programs are expected to include the following objectives:

Continued drill testing of the Richardson target area: results to date demonstrate anomalous uranium directly below the unconformity. Future drill testing will follow up on mineralization intersected in hole RL-24-29 and investigate the sulphide breccia (Drever, 1983) which intersected 1,160 ppm U, 7.3% Co, 16% As, and 1.6% Ni over 2.5 metres in historical drillhole HT-83-61.
Follow-up drilling at the Tuning Fork target area: additional drill testing is warranted to further evaluate the potential of the graphitic structure intersected by TF-24-12. Follow up drill testing of the interpreted fold hinge near historical drillhole Q20-1 which intersected anomalous uranium mineralization and strong alteration near the unconformity. Test the structure near TF-24-11 interpreted to steepen basement lithologies and penetrate into the overlying sandstone units.
Additional target generation: The Richardson and Tuning Fork conductive trends have multiple intervals with over 300 metres of untested strike length, exploratory drilling is warranted. Investigate the indicated 35 m unconformity offset between HT-125 and HT-126 in the Beta grid area, and the results of the 2015 summer soil sampling/radon program identified several potential drill targets, which require prioritization.

The company cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the company's properties, including Hatchet.

Sampling, Analysis and Data Verification:

Assay sample intervals are generally 20 to 50 centimetres long, with samples selected to characterize intervals of elevated radioactivity and/or indicative alteration. Systematic geochemistry samples are collected every 5 metres down the hole. All assayed core is split in half, with one half retained and the other sent to the Saskatchewan Research Council Geoanalytical Laboratory in Saskatoon for analysis. For results from Hatchet Lake, Denison, as operator, has performed detailed QAQC and data verification of all datasets.

Other Developments:

Foremost would also like to announce that it is partnering with TraderTV (“TraderTV”) to enhance investor communication and market awareness through a comprehensive marketing strategy. Its marketing agreement (the “Agreement”) with Ralota Technologies Inc., (“Ralota”) located at 60 Wellesley Street West, Toronto, Ontario M5S 3L2, email: [e-mail], which produces the show TraderTV, commences on February 20, 2025 for a two-month term.

This strategy includes the dissemination of Foremost news via TraderTV's X (formerly Twitter) account, sponsorship of weekly opening/closing bell ceremonies, priority access to TraderTV's News Desk for breaking news coverage, organic host reads highlighting key talking points, custom on-screen graphics with QR codes, a banner advertisement in TraderTV's watchlist email, and live 10-minute CEO interviews to provide real-time insights into the company's progress and market positioning.

The initial term’s fee is $ 31,350.78 CDN plus applicable taxes in advance and will automatically be renewed in two-month increments at a 10% discount unless terminated by either party upon providing the other party with 14 days’ notice. TraderTV is arm’s length to the Company and does not currently own any shares of Foremost.

Qualified Person:

Technical information in this news release, on the Hatchet Lake Property, has been reviewed and approved by Jody Dahrouge, P.Geo. of Dahrouge Geological Consulting Ltd. and Foremost’s chief technical advisor, who is a Qualified Person as identified by Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects. Historical Information in this written disclosure as it pertains to the Beta Grid area have not been verified by the author.

About Foremost

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a rapidly growing North American uranium and lithium exploration company. The Company holds an option to earn up to a 70% interest in 10 prospective uranium properties (with the exception of the Hatchet Lake, where Foremost is able to earn up to 51%), spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan. As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the future of clean energy. Foremost’s uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets. The Company’s mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs.

Foremost also has a portfolio of lithium projects at varying stages of development, which are located across 55,000+ acres in Manitoba and Quebec. For further information, please visit the Company’s website at www.foremostcleanenergy.com.

Contact and Information

Company
Jason Barnard, President and CEO
[phone]
[e-mail]

Follow us or contact us on social media:
X: @fmstcleanenergy
LinkedIn: https://www.linkedin.com/company/foremostcleanenergy
Facebook: https://www.facebook.com/ForemostCleanEnergy

Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates” or “intends,” or stating 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 should be viewed as forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, continuity of agreements with third parties and satisfaction of the conditions to the Transaction, risks and uncertainties associated with the environment, delays in obtaining governmental approvals, permits or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or 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. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. and information. Please refer to the Company’s most recent filings under its profile at on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov for further information respecting the risks affecting the Company and its business.

The CSE has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

References

Drever, G. L. (1983). Saskatchewan Mining Development Corporation - Hatchet Lake Project 1983 Exploration Report. Assessment Report, 64L12-0058.

1 1 https://www.isoenergy.ca/featured-project/

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da7fc63b-1237-4f86-904f-89bc23812230

https://www.globenewswire.com/NewsRoom/AttachmentNg/e36fbd8e-ebe0-4c83-9cca-f08672a9d902

https://www.globenewswire.com/NewsRoom/AttachmentNg/d93ba265-0e57-469b-bfa0-d6341b3de6e1

[Lone Clone]

WestKam Gold Terminates Purchase Agreement to Acquire the Powerline One Uranium Project in Utah

https://www.globenewswire.com/news-release/2025/02/21/3030473/36679/en/WestKam-Gold-Terminates-Purchase-Agreement-to-Acquire-the-Powerline-One-Uranium-Project-in-Utah.html

February 21, 2025 09:03 ET | Source: WestKam Gold Corp

Vancouver, Canada, Feb. 21, 2025 (GLOBE NEWSWIRE) -- WestKam Gold Corp. (TSX-V:WKG) (the “Company” or “WestKam”) is announces that it has terminated negotiations for the purchase of a 100% legal and beneficial interest in 131 lode claims in Grand County, Utah, covering 2,649 acres (1,072 ha), called the Powerline One Project (the “Powerline”).

Mr. Peter Laipnieks, President and CEO of WestKam states “The Company was unable to finalize the final acquisition on favourable terms, and will continue to seek out potential projects that better align with the Company’s strategic plan.”

About WestKam



WestKam Gold Corp. is a Canadian-listed junior gold exploration company focused on exploring and developing projects in Western North America.



ON BEHALF OF THE BOARD OF DIRECTORS



“Peter Laipnieks”
Peter Laipnieks, President & CEO



Contacts:

WestKam Gold Corp.
Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1

Contact:

Investor Relations
250.216.5674
[e-mail]
westkamgoldcorp.com

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.



Forward-looking information



All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

[Lone Clone]

Laramide Releases Final Results from 2024 Drill Campaign at Westmoreland; Updated Resource Estimate on Track for Q1 Delivery

Highlights:

Laramide's largest program ever with 106 holes completed
Multiple targets tested including infill and extensional drilling of known zones and greenfield targets in both Queensland and the Northern Territory
Consistent observation from results demonstrates the potential and scope for broad mineralisation styles enveloping narrow high-grade intercepts
The consistency and scalability underscore economic viability and reinforce Westmoreland's position as a potentially important future source of global uranium supply
Resource expansion potential is largely wide open with many follow-up targets warranting large-scale future exploration campaigns

https://www.newswire.ca/news-releases/laramide-releases-final-results-from-2024-drill-campaign-at-westmoreland-updated-resource-estimate-on-track-for-q1-delivery-845703759.html

News provided by Laramide Resources Ltd. Feb 21, 2025, 07:30 ET

TORONTO, Feb. 21, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF)

[Lone Clone]

Cameco Announces 2024 Results; Strong Performance Across All Segments; Westinghouse Distribution; Strategy Centered on Marketing, Production, Financial Discipline Expected to Generate Full-Cycle Value; Positive Outlook for Nuclear Energy

https://www.businesswire.com/news/home/20250219674310/en

February 20, 2025 06:25 AM Eastern Standard Time

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Cameco (TSX: CCO; NYSE: CCJ

[Lone Clone]

Aero Announces Winter Drill Targets at the Murmac Uranium Project

Radon-in-Water Survey Identifies Multiple High-Priority Targets for Winter 2025 Drilling

https://www.newsfilecorp.com/release/241560/Aero-Announces-Winter-Drill-Targets-at-the-Murmac-Uranium-Project

February 20, 2025 7:00 AM EST | Source: Aero Energy Limited

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero" or the "Company") is pleased to announce the final selection of drill targets for the upcoming Winter 2025 drill program at the Murmac Uranium Project ("Murmac" or the "Project"), located near Uranium City, Saskatchewan. These targets are supported by the successful completion of a radon-in-water survey at Howland Lake, which has defined multiple strong anomalies along strike of high-grade uranium drill intersections obtained during the summer 2024 program.

The Murmac Project is being advanced under an Option Agreement executed on December 15, 2023, between Aero and Fortune Bay Corp. ("Fortune Bay"). Aero Energy is fully funding the exploration program, with drilling operated by Fortune Bay.

Winter 2025 Exploration Program Highlights

Lake Water Radon Anomalies:

Three distinct radon-in-water anomalies have been identified along strike of M24-017, which intersected 8.40 m at 0.30% U3O8, including individual assays up to 13.80% U3O8 over 0.10 m.

An additional strong radon anomaly was detected at Howland Lake South, along strike of M22-012, which previously intersected 0.17% U3O8 over 0.10 m in structured graphitic rocks.

These radon anomalies directly overlie key electromagnetic ("EM") conductors, which are known to host basement uranium mineralization in the Athabasca Basin.

Drill Target Selection:

Drill targets have been refined using multiple criteria, including radon-in-water anomalies, EM conductor breaks, structural complexity, and historically mineralized cross-faults.

Drilling Program:

Up to six drill holes (~900 metres) are planned for Winter 2025, targeting radon anomalies and unexplored graphitic corridors at Howland Lake North and South.

A drilling contract has been finalized, and drilling is scheduled to begin in March 2025, subject to ice conditions.

Galen McNamara, CEO of Aero Energy, commented: "The results from the radon-in-water survey have given us strong, focused drill targets at Murmac, directly overlying key graphitic conductors and high-grade uranium intersections. We now have multiple priority targets for the upcoming winter drill program, and with high-grade uranium already intersected in 2024, we are eager to follow up on these promising zones. Data from the Murmac Project continues to demonstrate the potential for a significant uranium discovery on the northern rim of the Athabasca Basin."

Radon-In-Water Survey Overview

Radon-in-water surveys are an effective exploration tool in the Athabasca Basin, as radon gas is a direct decay product of uranium and accumulates in lake-bottom water above uranium-rich rocks. The survey at Howland Lake was conducted by RadonEX Ltd., with 350 samples collected along strike of the high-grade uranium intercepts from the 2022 and 2024 drill programs.

Key results include:

Highly anomalous radon concentrations of up to 130 pCi/L (picoCuries per litre) on a daily median-adjusted basis.

Background radon levels in Howland Lake are elevated at 45 pCi/L, and the identified anomalies are well above this threshold.

Four discrete radon anomalies directly overlie conductive graphitic units, strengthening the case for high-grade uranium mineralization at depth.



Figure 1: Howland Lake radon-in-water results and drill targets.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/241560_7c4baeadb4b69af7_002full.jpg

Winter 2025 Drill Targets

The results from the radon-in-water survey have been integrated with historical exploration and geophysical data to define four primary drill targets for Winter 2025. More than one drill hole may be allocated per target, depending on results.

Target 1 - Northeast Step-Out from M24-017

Located 615 metres along strike northeast of M24-017.
Coincides with an EM low, mineralized cross-faults, and radon anomalies up to 92 pCi/L.
Historical grab samples in the area have returned up to 7% eU3O8.

Target 2 - Strongest Radon Anomaly

Located 275 metres along strike northeast of M24-017, coincident with a 130 pCi/L radon anomaly and a strong EM high.
Historical drill hole K9D14 is believed to have missed the uranium-bearing horizon, strengthening the case for follow-up drilling.

Target 3 - Southwest Step-Out from M24-017

Located 250 metres along strike southwest of M24-017.
Coincides with a discrete radon anomaly of 85 pCi/L and a strong EM high.

Target 4 - Howland Lake South Expansion

Located 275 metres southwest of M22-012, where drilling previously intersected 0.17% U3O8 over 0.10 m.
Coincides with an internally continuous high-amplitude radon anomaly (up to 121 pCi/L) at a break in the Howland South Conductor.



Figure 2: Howland Lake North geology (simplified) and historical work.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/241560_7c4baeadb4b69af7_003full.jpg

Winter drilling is expected to commence in March 2025, subject to safe ice conditions for drill mobilization. Aero Energy is prepared to expand the program beyond six holes if warranted by positive results.

Technical Disclosure

Radon-in-water samples (each 200 ml) were collected by RadonEX Ltd. using a Kemmerer water sampler at a standardized 1 meter above lake bottom. Samples were processed in a temperature-controlled environment by transferring the water to a 4-litre Rad Elec Inc. E-PERM® Electret Ion Chamber for a period of 48 hours. The Electret voltages were measured before and after exposure, with the difference reflecting the extent of ionization caused by radon gas decay from the water sample.

RadonEX in-house calculations were then used to determine the concentration of radon gas in the water sample (in picoCuries per litre, or pCi/L) based on the measured voltage difference. Raw results were adjusted by calculating the median value from each daily dataset and applying a correction factor to normalize the daily datasets to the overall median value. This adjustment compensates for apparent daily variations in measured radon gas levels, significantly reducing outlier anomalies and producing a more standardized dataset for drill targeting.

Further details regarding the historical exploration, drilling, and exploration results referenced in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) and the Saskatchewan Mineral Deposit Index (SMDI). While several of these occurrences have been verified through field prospecting and sampling, there remains a risk that future confirmation work and exploration may yield results that substantially differ from these unverified historical results.

Historical drill hole locations, captured from georeferenced assessment report maps, may have positional uncertainties of ±50 meters. Aero Energy considers these unverified historical results relevant for assessing the mineralization and economic potential of the Murmac Project. The historical information referenced derives from SMAD references 74N07-0011, 74N07-0173, and 74N07-0277.

Qualified Person

The technical and scientific information in this news release has been reviewed and approved by Galen McNamara, P.Geo., CEO of the Company, who is a Qualified Person as defined by NI 43-101.

About Aero Energy Limited

Aero Energy is a mineral exploration and development company advancing a district-scale 250,000-acre land package in Saskatchewan's historic Uranium City district within the Athabasca Basin. Aero is focused on uncovering high-grade uranium deposits across its flagship Optioned Properties - Sun Dog, Strike, and Murmac - in addition to its fully owned properties. Aero is led by an award-winning technical team responsible for discoveries along the prolific Patterson Corridor that include the Gryphon (TSX: DML), Arrow (TSX: NXE), and Triple-R (TSX: FCU) deposits. With over 50 shallow drill-ready targets identified and 125 km of target horizon, Aero is tapping into the basin's emerging potential for high-grade, unconformity-style mineralization.

On Behalf of the Board of Directors

"Galen McNamara"
Galen McNamara, Chief Executive Officer

778-764-1605

Further information on the Company can be found on the Company's website at aeroenergy.ca and at www.sedarplus.ca, or by contacting the Company by email at [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) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. These forward-looking statements or information relate to, among other things the exploration and development of the Company's mineral exploration projects including completion of drilling activities.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the public health crises; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.

Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE: Aero Energy Limited

[Lone Clone]

AERO ENERGY AND FORTUNE BAY ANNOUNCE WINTER DRILL TARGETS FOR THE MURMAC URANIUM PROJECT

https://www.newswire.ca/news-releases/aero-energy-and-fortune-bay-announce-winter-drill-targets-for-the-murmac-uranium-project-890271106.html

News provided by Fortune Bay Corp. Feb 20, 2025, 07:00 ET

HALIFAX, NS, Feb. 20, 2025 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce winter drill targets for the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City. The drill targets are supported by the recent completion of a radon-in-water survey at Howland Lake which produced strong anomalies along strike of the high-grade uranium drill intersections obtained during summer 2024. A winter drilling program, to test these targets, is expected to commence in March 2025.










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



Figure 2: Howland Lake North geology (simplified) and historical work. (CNW Group/Fortune Bay Corp.)





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:

Lake Water Radon Anomalies:
Three discrete radon anomalies have been defined within Howland Lake North 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.
An additional strong radon anomaly was defined within Howland Lake South, along strike of drill hole M22-012 that intersected 0.17% U3O8 over 0.10 m.
The radon-in-water anomalies overlie the targeted electromagnetic ("EM") conductors, which represent the favoured graphite-rich host rocks for basement-hosted deposits related to the Athabasca Basin.
Drill Target Selection: In addition to the radon-in-water anomalies, drill target selection will be based upon other favorable criteria including conductor breaks/inflections and the location of known mineralized cross faults.
Drilling Program: Drilling of up to six holes (approximately 900 m) is planned to test these targets. A drilling contract has been finalized and drilling is expected to commence in March 2025.

Gareth Garlick, Technical Director for Fortune Bay, commented "Positive drill results from our 2022 and 2024 drill programs, supported by historical drill results, have confirmed the prospectivity of the EM conductors beneath Howland Lake. The presence of radon-in-water anomalies directly overlying the previously untested extents of the targeted conductors, coincident with electromagnetic features of interest and mineralized cross-faulting, provide a compelling set of drill targets. We are excited to initiate drilling at Howland Lake as soon as ice conditions permit."

Radon-In-Water Survey

This survey tests the concentration of radon gas (a product of the radioactive breakdown of uranium) in water just above lake bottom. This method has been shown to be effective at other exploration programs (e.g. Fission Uranium Corp.'s Triple R deposit), identifying anomalous concentrations of radon gas in water directly overlying uranium deposits.

The Howland Lake radon-in-water survey was completed by RadonEX Ltd. and included the collection of 350 samples targeting lake areas surrounding and along-strike from encouraging drilling results from 2022 and 2024 (Figure 1). Survey methodology is described in the Technical Disclosure section.

Survey results include highly anomalous radon gas-in-water contents of up to 130 pCi/L (pico Curries per litre) on a daily median adjusted basis. Howland Lake presents a high background radon gas content, with a dataset average of 45 pCi/L. As expected, results are variable, likely reflecting erratically distributed lake-bottom till and sediments of varying permeability covering the targeted basement rocks, but despite this, four discrete anomalies directly overlying the targeted conductors are present and are being targeted for winter drilling.

Drill Targets

Radon-in-water survey results have been integrated with drilling, geophysical survey and historical exploration results to define drill targets for a winter 2025 program (Figure 1). More than one drill hole may be allocated to test these each of targets. The 2025 winter drill program is expected to comprise up to six holes (˜900 metres) with provision to increase scope if warranted based on results. As always, seasonal winter drilling is weather dependent, subject to safe ice conditions for drilling and mobilization to the project area.

Target 1: Radon anomaly (up to 92 pCi/L), 615 metres along strike to the northeast of M24-017, coincident with an EM low directly overlying the conductor. Coincides with known mineralized cross-faults discovered during historical exploration that returned up to 7% eU3O8 from grab sampling. Historical drilling immediately to the east (holes CLX-23 to 26, S1 to 4, Figure 2), targeting mineralized cross-faults, did not test the EM conductor, but did encounter extensive structure/brecciation and intense hydrothermal alteration. Historical drill hole CLX-40, located to the north of the termination of the EM conductor, also noted extensive structure/brecciation and intense hydrothermal alteration.
Target 2: Discrete radon anomaly (up to 130 pCi/L) directly overlying the conductor, 275 metres along strike to the northeast from hole M24-017, coincident with a strong EM high. Historical drill hole K9D14 (Figure 2, drill hole location uncertain) is interpreted to have been drilled too far west to test the mineralized horizon encountered in M24-17 as the logs indicate it did not intersect the quartzite-graphite contact and was drilled vertically into footwall lithologies similar to those underlying the mineralized intercepts in drill holes M24-017 to M24-020.
Target 3: Discrete radon anomaly (up to 85 pCi/L) directly overlying the conductor, 250 metres along strike to the southwest from hole M24-017, coincident with a strong EM high.
Target 4: Discrete internally continuous high-amplitude radon anomaly (up to 121 pCi/L) at a break on the Howland South Conductor, 275 metres along strike to the southwest from drill hole M22-012 that intersected 0.17% U3O8 over 0.10 m in structured graphitic rocks.

Technical Disclosure

Radon-in-water samples (each 200 ml) were collected by RadonEX with a Kemmerer water sampler at a standardized 1 meter above lake bottom. Samples were processed in a temperature-controlled environment by transferring the water to a 4 litre Rad Elec Inc. E-PERM® Electret Ion Chamber for a period of 48 hours. The Electret voltages were read before and after exposure, with the difference reflecting the extent of ionization occurring as a result of radon gas decay from the water. RadonEX in-house calculations were then used to calculate the concentration of radon gas in the water sample (in pico Curries per litre, or pCi/L) from the measured voltage difference. Raw results were then adjusted by calculating the median value from each daily dataset and applying a correction factor to normalize the daily datasets to the overall dataset median value. This was done to correct for apparent daily variations in the measured radon gas abundance, significantly reducing outlier anomalism and producing a more standardized set of results for targeting.

Further details regarding the historical exploration/drilling and exploration results noted in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) and the Saskatchewan Mineral Deposit Index (SMDI). 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. Historical drill hole locations, captured from georeferenced assessment report maps, are subject to uncertainty (considered accurate to +/-50 meters. The Company considers these unverified historical results relevant to assess the mineralization and economic potential of the property. The historical information referenced derives from SMAD references 74N07-0011, 74N07-0173 and 74N07-0277.

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

[Lone Clone]

Greenridge Exploration Confirms High-Grade Uranium on its Nut Lake Uranium Project, including a 31.13% U3O8 sample at its Tundra Showing

Highlights:

31.13% U3O8, 18.99% U3O8 & 19.69% U3O8 from the Tundra Showing;
2.52% U3O8 from the Tayson Zone discovery;
1.03%, 1.36%, 1.25% U3O8 at the 431 Dyke Swarm;
5.18%, 2.63%, 3.97%, 3.96% U3O8 at the 448 Anomaly;
3,300 ppm, 2,420 ppm & 2,170 ppm Ag found at the Lakeshore Showing; and
Thirty-seven (37) rock samples returned assay values at >0.1% U3O8, including twenty-six (26) sourced from outcrop or subcrop and eleven (11) from boulders or float.

https://www.globenewswire.com/news-release/2025/02/19/3028734/0/en/Greenridge-Exploration-Confirms-High-Grade-Uranium-on-its-Nut-Lake-Uranium-Project-including-a-31-13-U3O8-sample-at-its-Tundra-Showing.html

February 19, 2025 08:00 ET | Source: Greenridge Exploration Inc.

VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF)

[Lone Clone]

Premier American Uranium Fast-Tracking Cebolleta Project Toward Mineral Resource Update and Preliminary Economic Assessment with SLR Engagement

https://www.globenewswire.com/news-release/2025/02/19/3028653/0/en/Premier-American-Uranium-Fast-Tracking-Cebolleta-Project-Toward-Mineral-Resource-Update-and-Preliminary-Economic-Assessment-with-SLR-Engagement.html

February 19, 2025 07:00 ET | Source: Premier American Uranium Inc

TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR”, the “Company” or “Premier”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to provide an update on its plan to advance its Cebolleta Uranium Project located in Cibola County, New Mexico, US (the “Project” or “Cebolleta”). PUR has formally engaged SLR International Corporation (“SLR”) to update the Mineral Resource Estimate (“MRE”) for the Project and complete a Preliminary Economic Assessment (“PEA”) in accordance with National Instrument 43-101 – Standards for Disclosure of Mineral Projects (“NI 43-101”). Targeting completion of these important milestones in early summer 2025, these initiatives are intended to further derisk the Project on an accelerated timeline, ahead of management’s previously contemplated schedule and at significantly lower cost than previously anticipated, enabling the deferral of more than US$2.0M in anticipated costs.

Highlights

Accelerating Project Advancement with Updated Project-Wide Mineral Resource Model: The Company is planning to incorporate historical drilling results, geologic information and other mining-related technical data from the former Willie P underground mine (Figure 1), none of which were available for the most recent Project resource model. PUR technical staff have assessed technical data pertaining to the Willie P mineralized zone, which is situated immediately west and southwest of the existing MRE included in the current Technical Report on the Project titled “Technical Report on the Cebolleta Uranium Project, Cibola County, New Mexico, USA” dated June 17, 2024 and with an effective date of April 30, 2024 (the “Technical Report”). This recently reviewed information describes a geologic setting for mineralization that is consistent with information on the Willie P mine as described in a published paper1 and is also consistent with information on uranium resources elsewhere in the Cebolleta project area. Inclusion of the Willie P data in the Project-wide MRE is expected to support the preparation of the upcoming PEA for Cebolleta. SLR will review, verify, and validate this data for integration into an updated, comprehensive project-wide mineral resource model. Expected in early summer 2025, the updated MRE will serve as the foundation for the PEA.
Anticipated PEA to Guide Future Development: Completion of the PEA is planned in order to assess the Project’s production potential. The PEA is expected to include details on mine design, infrastructure, production rates, processing, costs, cash flow, and economic sensitivities. This study is expected to provide key insights to guide future development decisions and optimizations.
Maximizing Efficiency and Cost Savings: Fast-tracking Cebolleta with an updated MRE and PEA in early summer 2025, before initiating additional drilling and field programs, is expected to provide a clear and comprehensive assessment of the Project’s production potential. Inclusion of the newly available technical data on the Willie P area into the Project-wide mineral resource model and the forthcoming PEA are anticipated to provide a sound foundation to demonstrate the Project's potential economic viability and is believed to preclude the need for near-term comprehensive drilling. Meanwhile, ongoing cultural, archeological, and biological studies supporting preparation of a State of New Mexico Part 4 permit application are planned to continue, paving the way for planning and scheduling future drilling programs as needed, as well as a more efficient allocation of capital.

Colin Healey, CEO of PUR, commented, “We are excited to update the project-wide mineral resource model for Cebolleta and formally commence the PEA process. Since acquiring the Project last year, we have achieved several important milestones, each ahead of schedule, and we believe this marks a pivotal step in transitioning from exploration to development. In our view, advanced stage assets with supporting economic studies tend to command a valuation premium, as they address speculative risks. By leveraging a technical strategy and a cost-conscious approach, we aim to maximize value by prioritizing the high-impact milestones and delivering them efficiently. We look forward to providing updates as we advance through the MRE and PEA studies in the coming months.”

* The Technical Report includes a current Indicated Mineral Resource estimate of 18.6 million pounds of eU3O8 (6.6 million short tons at an average grade of 0.14% eU3O8) and a current Inferred Mineral Resource estimate of 4.9 million pounds of eU3O8 (2.6 million short tons at an average grade of 0.10% eU3O8). See “Qualified Person Statement” below.




Figure 1: Location of the Cebolleta Project and Known Uranium Deposits

The Project has been a cornerstone of PUR’s portfolio since its acquisition in 2024. Uranium mineralization at the Project is the northern continuation of the prolific Jackpile-Paguate mineral system, which is the site of one of the largest sandstone-hosted uranium deposits in the world 2, 3, as documented by geologists of the New Mexico Bureau of Geology and Mineral Resources and the US Department of Energy.1 The northern continuation of the Jackpile-Paguate trend of uranium deposits onto the Cebolleta property is well established, but the extent of mineralization has not been fully defined, representing several important potential exploration and growth opportunities for the Company.

Qualified Person Statement

The scientific and technical information contained in this news release was reviewed and approved by Dean T. Wilton, PG, CPG, MAIG, a consultant to PUR who is a “Qualified Person” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects).

For additional information regarding the Project, including details of the current MRE and data verification related to certain scientific and technical information described in this news release, please see the Technical Report, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Premier American Uranium Inc.

Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, aiming to strengthen domestic energy security and support the transition to clean energy. One of PUR’s key strengths is the extensive land holdings in three prominent uranium-producing regions in the United States: the Grants Mineral Belt of New Mexico, the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado.

With current resources and defined resource exploration targets, PUR is actively advancing its portfolio through work programs. PUR benefits from strong partnerships, with backing from Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors. The Company’s distinguished team had extensive experience in uranium exploration, development, permitting, and operations, as well as uranium-focused mergers and acquisitions—positioning PUR as a key player in advancing the U.S. uranium sector.

For More Information, Please Contact:

Premier American Uranium Inc.
Colin Healey, CEO
[e-mail]
Toll-Free: 1-833-223-4673
Twitter: @PremierAUranium
www.premierur.com

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

Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements with respect to planned exploration activities; the planned completion of an updated MRE and PEA and the anticipated timing thereof; expected cost savings in connection with the Company’s planned activities; the Company’s ongoing business plan and intended strategic focus; and other activities, events or developments that are expected, anticipated or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words 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 statements 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 our current expectations, beliefs, assumptions, estimates and forecasts about PUR’s business and the industry and markets in which it operates. Such forward-information and statements are based on numerous assumptions, including among others, that the updated MRE and PEA are completed as currently expected, planned exploration activities are completed as currently contemplated, that the results of such exploration activities are as anticipated and will be reported when expected, the price of uranium, the anticipated cost of planned exploration activities, the completion, timing and results of planned exploration activities being consistent with expectations, the anticipated mineralization being consistent with expectations, 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 the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by PUR 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.

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 Premier American Uranium to differ materially from any projections of results, performances and achievements of Premier American Uranium expressed or implied by such forward-looking information or statements, including, among others: actual results of exploration activities being different than anticipated, the limited operating history of the Company, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, delays or failure to obtain required permits and regulatory approvals, changes in mineral resources, no known mineral reserves, aboriginal title and consultation issues, reliance on key management and other personnel; potential downturns in economic conditions; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; changes in laws and regulation, competition, and uninsurable risks and the risk factors with respect to Premier American Uranium set out in PUR’s annual information form for the year ended December 31, 2023 and the other documents of PUR filed with the Canadian securities regulators and available under PUR’s profile on SEDAR+ at www.sedarplus.ca.

Although PUR has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forward-looking information or implied by 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 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. PUR undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities law.

_________________________

1 Comparison of Braided Stream Depositional Environment and Uranium Deposits at Saint Anthony Underground Mine; Baird, Charles W., Kalvin W. Martin and Robert M. Lowrey in Geology and Mineral Technology of the Grants Uranium Region, 1979; New Mexico Bureau of Mines and Mineral Resources Memoir 38, pages 292-298.

2 World’s Largest Giant Uranium Deposit in New Mexico. US Geological Survey Open File Report 82-539, 1982. (https://pubs.usgs.gov/of/1982/0539/report.pdf)

3 McLemore, V.T., and Chenoweth, W.C., 2017, Uranium resources, in McLemore, V.T., Timmons, S., and Wilks, M., eds., Energy and mineral deposits in New Mexico: New Mexico Bureau of Geology and Mineral Resources Memoir 50 and New Mexico Geological Society Special Publication 13, 80 p.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd75111-5db8-4ca1-9a37-5ba0bd571ca5

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Southstone Announces Strategic Diversification With Botswana Uranium Acquisition, While Advancing Oena Diamond Mine

https://www.globenewswire.com/news-release/2025/02/18/3028379/0/en/Southstone-Announces-Strategic-Diversification-With-Botswana-Uranium-Acquisition-While-Advancing-Oena-Diamond-Mine.html

February 18, 2025 17:00 ET | Source: Southstone Minerals Limited

VICTORIA, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Southstone Minerals Limited (“Southstone”) (TSXV – SML) is pleased to announce that it has entered into a binding term sheet (the “Term Sheet”) dated 18 February 2025, with Afrium Energy Pte. Ltd. (“Afrium”), pursuant to which Southstone has agreed to acquire all the issued and outstanding securities of Afrium (the “Acquisition”), an arms-length party, (and collectively with the Concurrent Equity Financing as defined below, the “Transactions”). Afrium, a private Singapore corporation, is the holder of 100% of two private subsidiaries, Afrium Energy Botswana (Pty) Ltd. and Copper Falcon Botswana (Pty) Ltd., which collectively hold three uranium Prospecting Licenses (the “Lekobolo Project” or the “Licenses”) in the Republic of Botswana.

Southstone is acquiring a 100% interest in Afrium for 20,000,000 common shares (the “Consideration Shares”) of Southstone. Afrium shareholders also receive a 2.5% net smelter return royalty (“NSR”) on the Licenses, with an option for Southstone to repurchase each 0.5% of the NSR for C$1.5 million (“M”) to a maximum total aggregate amount of C$7.5 M.

Southstone will also complete an equity private placement in tandem with the Acquisition (the “Concurrent Equity Financing”). A maximum of C$2.25 M new equity is being raised with the set minimum of C$1.5 M. The terms of the Concurrent Equity Financing will be announced once the Company’s shares have been reinstated for trading. More details on the Concurrent Equity Financing can be found below, and a definitive agreement covering the Acquisition will be executed at or prior to closing of the Concurrent Equity Financing. Most of the proceeds from the Concurrent Equity Financing will be directed towards the continued exploration and development of the Oena Diamond Mine, ensuring the Company advances its existing core asset. Only the minimum required amount will be allocated to the Botswana uranium assets to maintain compliance with licensing obligations and regulatory requirements. This ensures Southstone remains focused on its primary business while maintaining optionality on the uranium assets.

Based on the current outstanding share capital of 33,401,888 common shares of Southstone the Acquisition will result in Afrium Shareholders owning approximately 36.10% of Southstone on an undiluted pre-Concurrent Equity Financing basis. Existing Southstone shareholders may participate in the Concurrent Equity Financing. It is expected that no one shareholder will own more than 20% of Southstone upon conclusion of the Transactions. The Transactions are subject to final acceptance by the TSX Venture Exchange (“TSXV”), as the Transactions are considered a “Reviewable Transaction” under the policies of the TSXV. As per TSXV requirements, trading of Southstone shares will remain halted until receipt of TSXV's approval of the Transactions, which is expected when a National Instrument 43-101 (“NI 43-101”) technical report will be issued by Southstone on the Lekobolo Project, among other customary items. Based on current TSXV guidelines, it is not expected that the Transactions will require shareholder approval, unless requested by the TSXV. Closing is expected to be no later than 18 July 2025. Afrium has majority shareholder approval of the Acquisition and is arm's length to Southstone.

Strategic Rationale for Southstone’s Acquisition of Afrium Energy
Southstone’s acquisition of the Lekobolo Project aligns with its long-term growth and resource diversification objectives. Expanding into Botswana may reduce reliance on its South African operations, diamond prices, mitigate geopolitical risks and broaden its resource base in a growing energy market. With increasing global demand for nuclear energy and secure uranium supply chains, this acquisition positions Southstone to capitalize on future market opportunities. Investing in uranium could position Southstone to benefit from future market opportunities, strengthening its resource portfolio.

If successful, this acquisition has the potential to enhance shareholder value by expanding Southstone’s asset base, unlocking new growth opportunities, and improving financial performance. It aligns with Southstone’s goal of pursuing sustainable growth, operational efficiency, and maintaining a competitive edge in the mining sector. The Company aims to enhance shareholder value by strategically expanding its portfolio and unlocking new exploration and development potential. By leveraging its operational expertise and disciplined resource investment approach, Southstone is building a resilient pipeline of assets that support sustainable growth, operational efficiency, and investor confidence.

About the Lekobolo Project

Uranium Potential: The Lekobolo Project, located in the Republic of Botswana, hosts the Lekobolo Uranium Deposit.
Favourable Jurisdiction and Location: Botswana is ranked as a top mining jurisdiction in Africa and among the top 4 globally1. The Licenses are situated near critical infrastructure (road, rail, and power) and within the same geological setting as the Letlhakane Uranium Deposit (“Letlhakane”) owned by Lotus Resources Limited.
Historical Exploration: Previously explored by Impact Minerals Limited (“Impact”) between 2009 and 2014, extensive soil sampling, geophysical surveys, and a two-phase drilling program, including 120 reverse circulation holes, one diamond drill hole, and four hollow auger holes, led to the discovery of the Lekobolo Uranium Deposit.
Deposit Characteristics: The Lekobolo Uranium Deposit occurs within Karoo Supergroup sedimentary rocks, like Letlhakane, is shallow, <40 meters (“m”) depth, and covers an area of approximately 2,000 m by 700 m.
Target for Further Exploration - Potential Mineral Target2: A potential mineral target of 14 million tonnes (“Mt”) to 18 Mt at 135 parts per million (ppm) to 180 ppm U3O8 (4 million pounds (“Mlbs”) to 7 Mlbs U3O8) was estimated based on historical drill data2.
Exploration Upside: The Lekobolo Uranium Deposit remains open in all directions, indicating potential for resource expansion through further exploration.
Environmental & Permitting Compliance: Southstone will ensure compliance with Botswana’s environmental regulations as required under the current Prospecting License terms. The Company is committed to responsible exploration and adhering to best practices in environmental stewardship.
Regional Context3: The success of the nearby Letlhakane Uranium Project, with its recently updated global resource estimate of 142.2 Mt at 363 ppm U3O8 for 113.7 Mlb, demonstrates the significant uranium potential of the region.
Licenses: The three Licenses cover a total area of 2,708 square kilometres (km2) and the core 791 km2 Lekobolo Prospecting License, which is subject to a 50% reduction in size due to license’s renewal on 1 April 2025, is located approximately 330 km northeast of the capital, Gaborone.
Planned Phase 1 Exploration Program: The Lekobolo Project does not currently have a mineral resource estimate that meets NI 43-101 standards. The historical mineral target was identified by previous drilling and gamma probe results, and further exploration work is required to define a compliant resource. While historical exploration data suggests uranium potential at Lekobolo, additional field verification, new drilling, and data validation will be required to confirm the accuracy of previous findings and ensure compliance with NI 43-101 standards. To ensure the accuracy of historical drill data and further define the uranium potential at Lekobolo, Southstone will conduct a phased exploration program, including drillhole collar verification, geophysical surveys and additional drilling as recommended in the NI 43-101 Report. Southstone intends to conduct the first phase recommended in the report consisting of:
Drillhole collar verification and re-probing of historical holes.
A high-resolution radiometric ground survey.
10-25 new drill holes for downhole gamma and assay confirmation.

Concurrent Equity Financing
The Concurrent Equity Financing will be conducted by way of an equity private placement for minimum gross proceeds of C$1.5 M and maximum gross proceeds of C$2.25 M. The proceeds from Concurrent Equity Financing will be used for general corporate purposes, working capital and continued exploration and permitting of the Visirivier and Kabies Sections at Oena Diamond Mine, the Lekobolo Project Phase 1 exploration program, along with costs related to the Transactions. The securities issued under the Concurrent Equity Financing will be subject to a statutory four-month hold period under applicable securities laws. Completion of the Concurrent Equity Financing does not provide a guarantee that the Transactions will be completed. The Concurrent Equity Financing must be closed by 18 July 2025 and the overall Transactions closed by 18 July 2025, as outside dates, unless extended by mutual agreement of the parties.

The Acquisition

Pursuant to the terms of the Term Sheet, Southstone will acquire a 100% interest in Afrium by:

Purchasing from the registered shareholders of Afrium (the “Afrium Shareholders”) all the outstanding 88,521,225 fully paid ordinary shares of Afrium (the "Afrium Shares").
As consideration for the Afrium Shares, the Company will issue an aggregate of 20,000,000 Consideration Shares to be allocated to the Afrium Shareholders on a pro rata basis.
Based on its current outstanding share capital of 33,401,888 common shares, the Acquisition will result in Afrium Shareholders owning approximately 36.10% of Southstone on an undiluted basis, prior to the Concurrent Equity Financing.
Southstone has granted Afrium shareholders a 2.5% net smelter return royalty (“NSR”) on the Licenses, with an option for Southstone to repurchase each 0.5% of the NSR at any time for C$1.5 M to a maximum total aggregate amount C$7.5 M.
The terms of the Acquisition were negotiated at arm's length, and it is expected that one person, Julien Balkany, Chairman of Afrium, will hold more than 10% of the Company’s shares pre-Concurrent Equity Financing and it is not expected that a new control position will be created as defined by TSXV Policy 1.1.
The parties have agreed to undertake commercially reasonable efforts to close the Acquisition on or before 18 July 2025. The Agreement terminates in the event the parties fail to complete the Acquisition on or prior to 18 July 2025, unless extended in writing by the parties.

Finder’s Fee
Southstone has agreed to a finder’s fee of 2,000,000 common shares to an arm’s length third party, Mr. James Ward. The issuance of the Consideration Shares and the finder’s fee shares are both subject to the approval of the TSXV and will be subject to a customary prescribed hold period.

Conditions Precedent

The Agreement provides that closing of the Acquisition is subject to several conditions including, among other things:

a title opinion on the Lekobolo Project.
corporate legal and tax opinion and audited financial statements for Afrium and its subsidiaries.
filing an independent National Instrument 43-101 Report on the Lekobolo Project. This report has been completed and is referred to as Afrium Energy PTE Ltd., National Instrument 43-101 Technical Report, Botswana Uranium Project, MSA Project Number J4776, authored by Guy G. Freemantle, Pr.Sci.Nat. (117527); FGSSA (965392); MSEG (892905) and peer reviewed by George van der Walt, Pr.Sci.Nat. (400306/07), Head Exploration Geology, The MSA Group (Pty) Ltd. Henley House, Greenacres Office Park, Cnr Victory & Rustenburg Roads, Victory Park, 2195, South Africa with an effective date of 16 October 2024.
Southstone holding a shareholder meeting if it is determined that shareholder approval of the Acquisition is required.
any other conditions that may be required by the TSXV.
the issuance of the Consideration Shares is subject to final approval by the TSXV.
closing of a Concurrent Equity Financing for gross proceeds of at least C$1.5 M.
closing of the Acquisition and the Concurrent Equity Financing is also subject to final approval by the TSXV. There can be no assurance that the Acquisition or Concurrent Equity Financing will be completed as proposed or at all.
the definitive agreements (the "Definitive Agreements") for the Acquisition which will be signed upon closing of the Concurrent Equity Financing, will include representations, warranties, covenants, indemnities, termination rights and other provisions customary for a transaction of this nature.

New Director
Upon closing of the Transactions the board of Directors of Southstone will consist of three existing directors, Mr. Terry L. Tucker, P.Geo, Ms. Donna M. Moroney and Mr. Neil Budd and Southstone intends to appoint at least one new independent director. Mr. Marc Sengès, currently CEO of Afrium, will be appointed as Chief Executive Officer.

Shareholder Meeting
The Company advises that it is deficient pursuant to TSXV Policy 3.2, Section 4.1 since the Company’s last shareholder meeting was held on 8 June 2022. Accordingly, the Company will be setting a meeting date and record date to hold a shareholder meeting on or before 30 April 2025.

Final Statement
Southstone believes this transaction aligns with its long-term growth strategy, maintaining a strong focus on its diamond operations at Oena while adding strategic uranium assets with minimal capital exposure. The Company remains committed to delivering value to shareholders through sustainable resource development and disciplined financial management.

Qualified Person
The scientific and technical information in this news release was reviewed, verified and approved by Guy G. Freemantle, Pr.Sci.Nat. (117527); FGSSA (965392); MSEG (892905), Consultant, of The MSA Group (Pty) Ltd, a qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

References

https://www.fraserinstitute.org/sites/default/files/2023-annual-survey-of-mining-companies.pdfPolicy Perceptions Index
The Target for Further Exploration or Potential Mineral Target is conceptual in nature as there has been insufficient exploration to define a mineral resource. A target for further exploration does not constitute a mineral resource or reserve and the quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The target was identified by downhole gamma probe U3O8 assays from 120 RC drillholes along with 213 corresponding XRF assays, constituting approximately 5 % of the total assay population. Impact Minerals Limited (ASX:IPT), ASX Announcement Number 161/291010, 29 October 2010, September 2010 Quarterly Report: https://announcements.asx.com.au/asxpdf/20101007/pdf/31szs3165935s0.pdf
Lotus Resources Limited news release dated 6 December 2024
https://wcsecure.weblink.com.au/pdf/LOT/02891511.pdf

ON BEHALF OF THE BOARD OF DIRECTORS OF SOUTHSTONE MINERALS LIMITED
Terry L. Tucker, P.Geo.
Executive Chairman
For additional information, please contact Terry L. Tucker [phone] or [e-mail]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Capitalized terms used herein that have not been defined have the same meanings ascribed in the policies of the TSXV.

Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking information includes, but is not limited to, statements regarding:

The anticipated benefits of the Acquisition and the Concurrent Equity Financing;
The expected ownership structure following the completion of the Transactions;
The participation of Southstone shareholders in the Concurrent Equity Financing;
The Company’s strategic growth, operational efficiency, and development plans for Oena Diamond Mine and the Lekobolo Project;
The potential creation of a diversified resource portfolio, including uranium exploration opportunities;
The projected use of proceeds from the Concurrent Equity Financing;
The expected timing for closing of the Transactions;
The issuance and terms of the Consideration Shares and associated TSX Venture Exchange approvals;
The anticipated composition of the Board of Directors following the Transactions; and
The potential impact of the Transactions on shareholder value and company performance.

Forward-looking statements are often identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "may," "will," "should," "could," "would," and similar expressions. These statements reflect management's current expectations and are based on information available as of the date of this release.

Caution Regarding Forward-Looking Information:
All forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to:

The ability to obtain necessary regulatory, shareholder, and third-party approvals;
The risk that the Acquisition or Concurrent Equity Financing may not be completed as proposed or at all;
Market conditions affecting the availability and terms of financing;
Fluctuations in commodity prices and exchange rates;
Political, regulatory, and operational risks associated with mining activities in Botswana and other jurisdictions;
Exploration risks, including the ability to confirm historical data and define NI 43-101 compliant resources;
The potential for unforeseen delays or changes in project plans;
The Company’s reliance on key management and operational personnel.

No Assurance of Completion:
There can be no assurance that the Transactions will be completed on the terms described herein or at all. The Transactions may be modified, restructured, or terminated, and the strategic benefits anticipated from the Transactions may not be realized as expected. Additionally, if the Transactions are not completed, Southstone may face risks related to the diversion of management attention and the allocation of resources, which could adversely affect its current operations.

Forward-Looking Information Disclaimer:
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Southstone disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

A comprehensive discussion of risks and uncertainties that may affect Southstone can be found in its public filings available at http://www.sedarplus.ca.

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Uranium Energy Corp Achieves Key Production Milestone with Drummed Uranium Concentrates at Irigaray Plant

https://www.newswire.ca/news-releases/uranium-energy-corp-achieves-key-production-milestone-with-drummed-uranium-concentrates-at-irigaray-plant-872807276.html

News provided by Uranium Energy Corp Feb 19, 2025, 06:45 ET

CASPER, Wyo., Feb. 19, 2025 /CNW/ - Uranium Energy Corp. (NYSE American: UEC), (the "Company" or "UEC") is pleased to announce a major operational milestone with the successful processing, drying and drumming of uranium concentrates at the Company's Irigaray Central Processing Plant ("CPP") in Wyoming. This follows the initial uranium production from UEC's Christensen Ranch In-Situ Recovery ("ISR") operations.

The uranium concentrates produced at the Irigaray CPP will be transported to the ConverDyn Conversion Facility in Metropolis, Illinois.

Amir Adnani, President and CEO, commented:

"We are six months into our phased ramp-up of operations and are excited to reach another milestone on schedule with the dried and drummed uranium concentrates. This marks the culmination of many years of planning and hard work from our entire team and is a testament to their expertise and dedication. UEC's fully permitted ISR assets provide a cost-efficient foundation for sustainable growth, positioning UEC as a key player in the expanding nuclear energy sector."

Mr. Adnani continued:

"As a debt-free and unhedged uranium producer, UEC has the financial strength and flexibility to advance production in alignment with market conditions. This allows us to scale efficiently and responsibly to meet the increasing demand for domestically sourced uranium. With energy security continuing as a national priority and the White House's newly established National Energy Dominance Council recognizing uranium as an 'amazing national asset,' this milestone represents a meaningful step in fortifying America's nuclear fuel supply chain. We expect the constrained availability of U.S. origin uranium to drive premium pricing, creating a significant competitive advantage for UEC as the largest and fastest-growing uranium company in the country."

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. UEC is advancing the next generation of low-cost, environmentally friendly In-Situ Recovery ("ISR") mining uranium projects in the United States and high-grade conventional projects in Canada. The Company has three hub and spoke platforms in South Texas and Wyoming with a combined licensed production capacity of 12.1 million pounds U3O8 per year. These production platforms are anchored by licensed Central Processing Plants ("CPPs") and served by multiple U.S. ISR uranium projects. In August 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium loaded resin to the Irigaray CPP in Wyoming. The Company has diversified uranium holdings including: (1) a conventional pipeline of high-grade Canadian projects anchored by the worldclass Roughrider project; (2) one of the largest physical uranium portfolios of U.S. warehoused U3O8; and (3) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector. The Company's operations are managed by professionals with decades of hands-on nuclear fuel industry experience including the key facets of uranium exploration, development, mining and production.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating 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 should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, future mineral resource estimates may vary from historic estimates, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Many of these factors are beyond the Company's ability to control or predict. 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 contained in this news release and in any document referred to in this news release. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

SOURCE Uranium Energy Corp

Contact Uranium Energy Corp Investor Relations at: Toll Free: [phone], Fax: [phone], E-mail: [e-mail]

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Global Uranium Completes Data Compilation to Advance Drill Targeting and Exploration for Wyoming Projects

https://www.globenewswire.com/news-release/2025/02/18/3027748/0/en/Global-Uranium-Completes-Historic-Data-Compilation-on-Wyoming-Uranium-Projects.html

February 18, 2025 08:00 ET | Source: Global Uranium

CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company”) is pleased to announce the completion of a comprehensive historic data compilation and geospatial mapping program on its Wyoming uranium projects. The work, conducted by Big Rock Exploration, provides a foundation for developing a drill targeting model across all five project areas.

The compilation involved digitizing neighboring claims, compiling historic geological and radiometric data, georeferencing access routes, and integrating key exploration datasets. Publicly available drill logs, surveys, and historic mine data were incorporated to refine the regional uranium exploration framework. This work supports the Company’s ability to identify high-priority targets and improve the efficiency of future exploration programs.

“With this historic data compilation phase complete, we now have the technical groundwork needed to advance our Wyoming projects to the next stage,” said Ungad Chadda, CEO of Global Uranium. “By leveraging both historical and modern datasets, we are now better positioned to refine our drill targets and accelerate project development.”

With the historic data review now complete, the Company will turn its focus onto refining the roadmap to drilling. The next phase of work will involve reviewing exploration strategies to optimize targeting, assessing permitting considerations, and identifying the most effective geophysical techniques to enhance subsurface modeling. The Company is continuing to evaluate the potential use of magnetic and radiometric surveys to refine target areas further. Additional field-based validation work is planned to assess access routes and confirm site conditions for potential drilling.

The results of this program will be incorporated into Global Uranium’s exploration plans, with additional geophysical and geochemical surveys anticipated prior to initiating the permitting process. The Company remains committed to a data-driven exploration strategy, leveraging historical and modern datasets to maximize project potential.

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]

Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

https://www.newsfilecorp.com/release/241248/Forum-Announces-Drill-Results-of-Highly-Elevated-Uranium-at-the-BasementSandstone-Unconformity-in-the-Thelon-Basin

February 18, 2025 6:30 AM EST | Source: Forum Energy Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF)

[Lone Clone]

ISOENERGY AND FUTURE FUELS COMPLETE TRANSACTION RELATED TO MOUNTAIN LAKE PROPERTY IN NUNAVUT

https://www.newswire.ca/news-releases/isoenergy-and-future-fuels-complete-transaction-related-to-mountain-lake-property-in-nunavut-834661612.html

News provided by IsoEnergy Ltd. Feb 18, 2025, 06:00 ET

VANCOUVER, BC, Feb. 18, 2025 /CNW/ - IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) ("IsoEnergy") and Future Fuels Inc. (TSXV: FTUR) (FSE: S0J) ("Future Fuels", and together with IsoEnergy, the "Companies") are pleased to announce the completion of the previously announced transaction (the "Transaction") whereby Future Fuels acquired a 100% interest in IsoEnergy's Mountain Lake Project, comprised of mineral claims covering 5,625 hectares in the Hornby Bay Basin, Nunavut, Canada (the "Mountain Lake Property") in exchange for common shares of Future Fuels ("Common Shares") and the grant of the Net Smelter Royalties (as defined below) to IsoEnergy. The Transaction was completed in accordance with an asset purchase agreement (the "APA") dated November 13, 2024 between IsoEnergy and Future Fuels. The acquisition of the Mountain Lake Property adds key claims to Future Fuels' portfolio of holdings in the Hornby Bay Basin in Nunavut, increasing its total holdings to over 342,064 hectares.


Rob Leckie, CEO and director of Future Fuels, commented: "We are thrilled to complete this transformational acquisition of the Mountain Lake Property, marking an exciting new chapter for Future Fuels. The Mountain Lake Property is located in a highly prospective region, and we look forward to unlocking its full potential with our planned exploration programs. Our team is eager to update the market on our progress as we advance exploration and development in the coming months."



Transaction Details

Pursuant to the APA, Future Fuels acquired the Mountain Lake Property from IsoEnergy in exchange for consideration comprised of:

the issuance to IsoEnergy of 12,500,000 Common Shares (the "Upfront Shares") on closing of the Transaction (the "Closing");

the future issuance to IsoEnergy of 2,500,000 Common Shares (the "Deferred Shares", and together with the Upfront Shares, the "Consideration Shares") on the earliest date practicable following Closing that will ensure that such issuance will not result in IsoEnergy owning or controlling more than 19.9% of the outstanding Common Shares on a partially-diluted basis; and

the grant by Future Fuels to IsoEnergy at the Closing of: (a) a 2% net smelter returns royalty, payable on all production from the Mountain Lake Property, of which 1% will be eligible for repurchase by Future Fuels for $1,000,000; and (b) a 1% net smelter returns royalty, payable on all production from Future Fuels' properties in Nunavut other than the Mountain Lake Property (collectively, the "Net Smelter Royalties"). The Net Smelter Royalties were granted pursuant to royalty agreements between the Companies entered into concurrently with the Closing.

The Upfront Shares are subject to contractual restrictions on resale (the "Lock-Up Restrictions") beginning from the date of Closing, as well as a statutory hold period of four months and one day (the "Statutory Restriction") from the date of Closing. The Deferred Shares, when issued, will be subject to the same Lock-Up Restrictions and the Statutory Restriction beginning from the date of issuance of the Deferred Shares.

In accordance with the Lock-Up Restrictions, IsoEnergy may not sell, pledge, encumber, assign or otherwise dispose of or transfer the Consideration Shares until they become free-trading in accordance with the release schedule, whereby 25% will be released on Closing (subject to the Statutory Restriction) and every six months thereafter for a total period of 18 months.

In connection with Closing, the Companies have also entered into an investor rights agreement dated February 14, 2025, which provides IsoEnergy, for so long as IsoEnergy owns 10% or more of the issued and outstanding Common Shares on a partially diluted basis, the right to: (i) nominate one director to the board of directors of Future Fuels; and (ii) participate in future equity financings of Future Fuels in order to maintain its pro rata share ownership, subject to prior approval by the TSX Venture Exchange.

In addition, as previously announced in Future Fuels' news release dated December 19, 2024, Future Fuels closed the first tranche of its concurrent private placement on December 19, 2024. Future Fuels has closed the concurrent private placement and will not issue additional securities under a second tranche.

Early Warning Disclosure

Prior to the completion of the Transaction, IsoEnergy held no securities of Future Fuels. Following completion of the Transaction, IsoEnergy beneficially owns 12,500,000 Upfront Shares and is deemed to beneficially own the 2,500,000 Deferred Shares, representing approximately 21.36% of the issued and outstanding Common Shares on a non-diluted basis (assuming the issuance of the Deferred Shares).

While IsoEnergy currently has no plans or intentions with respect to the Common Shares, IsoEnergy may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Common Shares or other securities of Future Fuels based on market conditions, general economic and industry conditions, trading prices of Future Fuels' securities, Future Fuels' business, financial condition and prospects and/or other relevant factors.

A copy of the early warning report filed by IsoEnergy will be available under Future Fuels' profile on SEDAR+ at www.sedarplus.ca or by contacting Graham du Preez, Chief Financial Officer of IsoEnergy, at 306-373-6399. IsoEnergy's head office is located at 217 Queen St. West, Suite 401, Toronto, Ontario, M5V 0R2.

About IsoEnergy Ltd.

IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S., and Australia at varying stages of development, providing near, medium, and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East Project in Canada's Athabasca Basin, which is home to the Hurricane deposit, boasting the world's highest grade Indicated uranium Mineral Resource.

IsoEnergy also holds a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels Inc. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.

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.

X: @FutureFuelsInc
www.futurefuelsinc.com

Forward-Looking Statements

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. 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 Companies' expectations include but are not limited to market conditions and the risks detailed from time to time in the filings made by the Companies with securities regulators. 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 Companies. The reader is cautioned not to place undue reliance on any forward-looking information, including, but not limited to, statements regarding the Transaction and the Mountain Lake Property, including the anticipated benefits thereof, the issuance of the Deferred Shares, the appointment of a nominee director or exercise of participation rights by IsoEnergy under the Investor Rights Agreement, the prospects of Future Fuels' newly acquired mineral claims, which are not at an advanced stage of development, Future Fuels' anticipated business and operational activities, and Future Fuels' plans with respect to the exploration of the Mountain Lake Property. Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of Future Fuels' business include, among other things, Future Fuels' 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 Future Fuels' control; Future Fuels' ability to access sources of debt and equity capital; competitive factors, pricing pressures and supply and demand in the Companies' industry; and general economic and business factors. 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 Companies will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

SOURCE IsoEnergy Ltd.

For More Information, Please Contact: ISOENERGY LTD., Philip Williams, CEO and Director, info @Scotty-572-2333, X: @IsoEnergyLtd, www.isoenergy.ca; FUTURE FUELS INC., Rob Leckie, CEO and Director, info @tchock-1568

[Lone Clone]

Appia Unveils Promising Drill Targets at Otherside Property, Mirroring Geophysical Traits of NexGen's "Arrow" and Paladin Energy's "Triple R" Deposits, Athabasca Basin, Saskatchewan, Canada

https://www.newsfilecorp.com/release/240894/Appia-Unveils-Promising-Drill-Targets-at-Otherside-Property-Mirroring-Geophysical-Traits-of-NexGens-Arrow-and-Paladin-Energys-Triple-R-Deposits-Athabasca-Basin-Saskatchewan-Canada

February 14, 2025 7:30 AM EST | Source: Appia Rare Earths & Uranium Corp.

Toronto, Ontario--(Newsfile Corp. - February 14, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the identification of multiple high-priority drill targets at its Otherside property in the Athabasca Basin, Saskatchewan (Figure 1) following the conclusion of the recent Airborne Gravity Gradiometer (AGG) and Magnetometer Survey. These targets exhibit geophysical signatures comparable to those of NexGen Energy's "Arrow" (Figure 2) and Paladin Energy's "Triple R" (Figure 3) high-grade uranium deposits, suggesting Otherside's potential for a significant discovery.

Tom Drivas, CEO of Appia, commented, "The encouraging outcomes of our recent survey outline the course for our exploration initiatives at the Otherside Property this year. Our goal is to lead the discovery of high-grade uranium deposits in the less explored north-central regions of the Athabasca Basin, targeting areas that exhibit geophysical signatures similar to those found at NexGen's "Arrow" and Paladin Energy's "Triple R", high-grade uranium deposits."

Highlights

High-Priority Drill Targets Identified: The survey revealed multiple targets with geophysical signatures comparable to NexGen's "Arrow" and Paladin Energy's "Triple R" deposits.
Promising Geophysical Anomalies: Targets are associated with gravity lows, magnetic lows, and a 49 km-long electromagnetic (EM) conductor with variable offsets and bends — key indicators for potential uranium mineralization.
2025 Exploration Program: Appia's exploration plans include advanced 3D processing and potential ground geophysical surveys to refine drill target locations.
Strategic Location: The Otherside property is situated in the Athabasca Basin, home to some of the world's highest-grade uranium deposits.

Detailed Overview

2025 Exploration Plans

Appia's 2025 exploration program will focus on the high-priority targets (Figure 4) identified in the survey. The Company plans to conduct advanced 3D processing and ground geophysical surveys to further refine these targets and maximize the success of a future drilling program. On-site exploration is planned in collaboration with the Fond du Lac First Nations to coordinate local accommodations and crew staffing.

Similarities to NexGen's "Arrow" and Paladin's "Triple R"

The Otherside property shares critical geophysical characteristics with the "Arrow" and "Triple R" deposits, including:

A 49 km-long EM conductor with variable offsets and bends.
Gravity low and magnetic low anomalies along the conductor's strike length.
Structural complexities such as shear zones, faults, and reactivations, which are essential for uranium deposition.

For more information about NexGen Energy Ltd.'s "Arrow" deposit, please "click here".

For more information about Paladin Energy Ltd.'s "Triple R" deposit, please "click here".

Formation of Uranium Deposits in the Athabasca Basin

Unconformity uranium deposits in the Athabasca Basin form when oxidizing fluids circulate, dissolve uranium-bearing minerals/rocks, and later precipitate uranium at the unconformity due to chemical changes caused by the interaction with reduced fluids, gases, or rocks. These deposits are often controlled by reactivated fault systems, which create structural-geochemical traps for uranium mineralization.

Geophysical Tools Guiding Exploration

Appia's exploration strategy utilizes gravity, magnetics, and electromagnetics (EM) to identify uranium mineralization:

Gravity and Electromagnetics (EM): Gravity low anomalies indicate less dense, altered minerals, while EM conductors highlight fluid pathways often associated with uranium deposits.
Magnetics: Magnetic low anomalies suggest the presence of non-magnetic materials like clay minerals or altered rocks, commonly found in alteration halos around uranium mineralization.

The technical content of this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Technical Advisor for Appia, and a Qualified Person as defined by National Instrument 43-101.



Figure 1 – Property locations within and around the Athabasca Basin, Saskatchewan, including Appia's "Otherside" and four other exploration properties, NexGen Energy Ltd.'s "Arrow" deposit, and Fission Uranium Corp.'s "Triple R" deposit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/240894_118064b7c400599e_001full.jpg



Figure 2 – Comparing Appia's unexplored electromagnetic conductor (left, represented as black lines) to NexGen Energy Ltd.'s near-identical, electromagnetic conductor (right, represented as black lines), host to their "Arrow" high-grade uranium deposit. Photo source: "NexGen Energy Ltd. Corporate Presentation – 2016"

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/240894_118064b7c400599e_002full.jpg



Figure 3 – Comparing Fission Uranium Corp.'s electromagnetic conductor (left), host to their "Triple R" high-grade uranium deposit, to Appia's near identical, unexplored electromagnetic conductor (right). Photo source: "Mount, S. et. al. "Formation of the high-grade Triple R uranium deposit revealed by Fe and S isotopes in pyrite". Modified after Fission Uranium Corp, 2021.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/240894_118064b7c400599e_003full.jpg



Figure 4 – Appia's highlighted drill targets for their 2025 exploration plans. All targets are subject to change upon further refinement and program progression.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/240894_118064b7c400599e_004full.jpg

About the Otherside Project

The Otherside Project is strategically located within the prolific, uranium-bearing Athabasca Basin of Saskatchewan, Canada. This area is renowned for its significant uranium deposits, its surrounding rare earth element plays, and favorable geological conditions that have historically led to major high-grade uranium discoveries.

The Otherside Property shares similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits in the western Athabasca Basin, including Fission Uranium Corp's Triple "R" and NexGen Energy's "Arrow" deposits. Such signatures include long structural corridors hosting multiple, discrete conductors with associated magnetic gradients and gravity low areas.

Otherside's property area is 10,441.88 hectares and is 100% owned by Appia.

About Appia Rare Earths & Uranium Corp. (Appia)

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See June 9th, 2023 Press Release – Click HERE) which is 40,963.18 ha. in size and located within the Goiás State of Brazil. (See January 11th, 2024 Press Release – Click HERE) The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 153 million common shares outstanding, 177 million shares fully diluted.

Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

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

For more information, visit www.appiareu.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please?click here.

Contact:

Tom Drivas, CEO and Director
(c) [phone]
(f) [phone]
(e) [e-mail]

Stephen Burega, President
(c) [phone]
(e) [e-mail]

SOURCE: Appia Rare Earths & Uranium Corp.

[Lone Clone]

Cameco/Purepoint Refine High-Priority Targets and Prepares for Drilling at Smart Lake JV Project

https://www.newsfilecorp.com/release/240797/Purepoint-Refines-HighPriority-Targets-and-Prepares-for-Drilling-at-Smart-Lake-JV-Project

February 14, 2025 6:30 AM EST | Source: Purepoint Uranium Group Inc.

Toronto, Ontario--(Newsfile Corp. - February 14, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce that recent ground electromagnetic (EM) surveys at the Smart Lake Joint Venture (JV) project have refined high-priority drill targets along the Groomes Lake Conductor with drilling scheduled to begin in mid-March. Smart Lake is a joint venture between Cameco Corporation (73%) and Purepoint (27%) in the Southwest Athabasca Basin, Saskatchewan, Canada.

Highlights

A stepwise-moving loop time domain electromagnetic (SWMLTEM) and fixed loop time domain electromagnetic (FLTEM) survey was conducted during November and December of 2024 to refine targets for the upcoming drill program.
The survey covered 31.5 line-kilometres across 19 loops using 12 lines spaced 600 metres apart.
Three discrete parallel EM conductors, approximately 100 metres apart extending over 2.2 kilometers, were outlined, representing highly prospective drill targets (Figure 1).

"The new electromagnetic survey has provided high-resolution targets within an area of Smart Lake that remains largely untested by historical drilling," said Scott Frostad, Vice President of Exploration at Purepoint Uranium. "Given the basement-hosted uranium mineralization we encountered in our initial drill program, we're excited to return and test these newly identified conductors next month."

Revisiting a Proven Uranium Target

The 2025 drill program follows up on encouraging results from Purepoint's initial drill campaign in 2008 where uranium mineralization was intersected in faulted and altered basement rock. Drill hole SMT08-05 returned 147 ppm U over 15.4 metres (153.0 to 168.4 metres) from a hematite breccia and sheared fault zone.

While exploration at Smart Lake was previously postponed as focus shifted to Hook Lake's s Patterson Corridor the property remains a high-priority target within Purepoint's portfolio. The strong EM conductors, favourable structural setting, and similarities to high-grade uranium deposits in the Athabasca Basin reinforce the project's exploration potential.

2025 Groomes Lake Drill Program

The upcoming Smart Lake drill program will focus on the northern Groomes Lake area where geophysical data has defined multiple conductors in a structurally complex and highly prospective uranium setting. Despite these strong indicators, the conductive package remains largely untested, presenting a significant opportunity for discovery.

A National Instrument 43-101 compliant Technical Report for the Smart Lake project is available on the Company's website. The technical report for Smart Lake filed by the Company in 2012 under the Company's profile at https://www.sedarplus.ca/ and displayed on its website at https://purepoint.ca/projects/smart-lake/ may be relied on for background information but contains a work program not updated to reflect current exploration plans.


Figure 1: Stepwise-Moving Loop Time Domain Electromagnetic (SWMLTEM) and Fixed Loop Time Domain Electromagnetic (FLTEM) survey over the Groomes Lake Conductor

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/240797_c890120814ff19dc_002full.jpg


Figure 2: Smart Lake Project Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/240797_c890120814ff19dc_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 Corporation's McIlvena 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]

Terra Clean Energy Begins Extensive Drill Program at South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

https://thenewswire.com/press-releases/1AG9F2ODD-terra-clean-energy-begins-extensive-drill-program-at-south-falcon-east-uranium-project-athabasca-basin-saskatchewan.html

Vancouver B.C. – TheNewswire - February 14, 2025 – TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: 9O0), is pleased to announce the mobilization of crew and equipment at the South Falcon East Uranium Project which hosts the Fraser Lakes B Uranium Deposit. The South Falcon Project lies 18km outside the edge of the Athabasca Basin, approximately 50 km East of the Key Lake uranium mill and former mine.

Terra Clean Energy Corp. entered into an option agreement with SkyHarbour Resources Ltd in October of 2022 whereby the company can earn up to a 75% interest in the South Falcon East property (see news release dated December 30, 2024, for earn-in details).

Mobilization of crew and equipment has commenced for an extensive winter drill program consisting of up to 2,500 meters of drilling. The field program will be executed by Terralogic Exploration Inc. under the supervision of Brett Lavigne, Project Manager with TerraLogic Exploration and C. Trevor Perkins, VP Exploration for Terra Clean Energy Corp.

The Company’s inaugural drill program in early 2024 (news release dated April 1, 2024) at South Falcon East confirmed the presence of uranium mineralized pegmatites and graphitic pelitic paragneiss along the Way Lake Conductor. Graphitic pelitic paragneiss are a key lithology associated with uranium deposits within the eastern Athabasca Basin, and their presence at the Fraser Lakes B deposit is a good indication of the potential for high-grade basement-hosted unconformity related uranium mineralization, in addition to the known pegmatite/alaskite-hosted uranium mineralization at the deposit.

The priority of the Winter 2025 program is to expand on the Winter 2024 program by extending the mineralized footprint associated with the Fraser Lakes B Uranium Deposit (Figure 2) and test nearby targets with prospective alteration and structure identified in historical drilling. Modeling of the existing data indicates the presence of a north-northwest trending structure crosscutting the way Lake conductor through the Fraser Lakes B deposit. The presence of this structural intersection with the Way Lake conductor and structure bodes well for a scenario where remobilized uranium mineralization can be concentrated at this area resulting in a higher-grade zone within the overall deposit. Efforts will be made to locate and characterize this structural trap and test the model as this is the best scenario for a high-grade unconformity related basement hosted uranium deposit.

The infill and step out drilling planned at Fraser Lake B will confirm the presence and continuity of existing mineralization and expand the footprint of the deposit; currently the mineralization is open both down dip and along strike. The results of infill and step-out drilling will aid in preparation of an updated NI 43-101 compliant resource estimate and deposit model for Fraser Lakes B. The upgraded resource will also integrate other results not included in the historical resource estimate, including higher-grade mineralization encountered to date at Fraser Lakes B, intersected in drillhole FP-15-05. FP-15-05 returned 0.165% U3O8 and 0.112% ThO2 over 2.0 metres at 135.0 metres depth within a broader interval containing 0.103% U308 and 0.062% ThO2 over 6.0 metres at a depth of 134.5 m, and a second high grade intercept of 0.172% U3O8 and 0.113% ThO2 over 2.5 metres at 146.0 m depth. The mineralization at Fraser Lakes B is accompanied by anomalous pathfinder elements, including Bi, Mo, Pb, and Zn, that are also associated with ultra high-grade basement-hosted unconformity uranium deposits in the Athabasca Basin.

While the Fraser Lakes B uranium deposit will remain a primary focus of early efforts on the property, the Company has ample additional drill-ready targets along the Way Lake conductor at South Falcon East. This includes the T-Bone Lake area, just north of Fraser Lakes B (Figure 2), where limited drilling encountered highly prospective clay alteration, anomalous radioactivity, and uranium mineralization (including up to 0.055% U3O8 over 0.9 m at 39.5 metres depth in drillhole WYL-10-53) associated with a north-northwest trending fault cross-cutting the northeast-trending Way Lake conductor. The alteration encountered at T-Bone Lake is similar to that encompassing several high-grade basement-hosted uranium deposits in the eastern Athabasca Basin, including the former Eagle Point Mine and the Millennium uranium deposits. Regional drilling will focus on this area and other untested areas of structural complexity along the folded Way Lake conductor that are highly prospective for high-grade basement-hosted unconformity-related uranium mineralization and additional pegmatite-hosted uranium mineralization.

“We are very happy to be getting back on the ground at South Falcon East and continue what we started in 2024”, commented Trevor Perkins, VP Exploitation for Terra Clean Energy Corp. “We are eager to expand the existing deposit as well as characterize and explore the identified north-northwest structure and related complexity” continued Mr. Perkins. “This is presenting the ideal structural scenario where uranium sourced from the mineralized pegmatites and surrounding rock can be concentrated and give us a high-grade basement deposit. This has been seen at other deposits, and we want to find it here.”

“We have a unique and exceptional exploration opportunity that includes continuing to expand the Fraser Lakes B Uranium Deposit which is open in all directions and at depth as well as pursuing high-grade basement hosted uranium deposits.” “The team is very excited about the prospects identified and eager to unlock the abundance of value for shareholders.”

The Company is pleased to announce that it has engaged the marketing services of AKTEIN CHECK in an agreement dated February 10, 2025 to provide a comprehensive marketing and investor relations awareness campaign lasting several months. In exchange for providing these services, AKTEIN CHECK will receive a payment of Euro 50,000. AKTEIN CECK has an arm’s length relationship with the company. The company will not issue any securities to AKTEIN CHECK for these services.




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




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

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/thorium 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., Vice President, Exploration for Terra Clean Energy Corp, 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 2200, HSBC Building, 885 West Georgia St.
Vancouver, BC V6C 3E8 Canada

www.tcec.energy