Uranium Mining and Exploration

[Lone Clone]

Mustang Energy Receives Results from Airborne MobileMT Survey at their Yellowstone Project, Saskatchewan

https://www.globenewswire.com/news-release/2025/04/17/3063894/0/en/Mustang-Energy-Corp-Receives-Results-from-Airborne-MobileMT-Survey-at-their-Yellowstone-Project-Saskatchewan.html

April 17, 2025 17:48 ET | Source: Mustang Energy Corp.

VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce that it has received results from a helicopter-borne Mobile MagnetoTellurics ("MobileMT") survey conducted at its wholly owned Yellowstone Project, located in the western Athabasca Basin, Saskatchewan.

The survey was completed by Expert Geophysics of Aurora, Ontario, covering 373 line-kilometres at a 400-metre line spacing. Magnetic and Very Low Frequency (“VLF”) data were collected over the northeastern portion of the claim block, targeting areas not previously investigated using deep-penetrating electromagnetic (“EM”) methods. The MobileMT system is designed to detect conductors at depths greater than 1,000 metres, offering a high-resolution view of potential basement-hosted structures favorable for uranium mineralization.

Survey Results

Analysis of the MobileMT data has outlined multiple exploration targets, characterized by strong, deep conductive anomalies coinciding with interpreted structural features, suggesting the potential for uranium hosting hydrothermal or structural zones related to unconformity type uranium deposits. These conductive zones are interpreted as being independent from the ring structures of the Carswell impact crater, suggesting a basement origin. Several of the anomalies are coincident with structurally complex corridors, possibly linked to NW-SE trending faults, and are associated with magnetic low trends—features often considered important for unconformity-type uranium systems. The VLF data reveals near-surface linear features interpreted as fault structures. These lineaments frequently align with breaks or offsets in the conductivity and magnetic datasets, as well as subtle radiometric U and Th radiometric anomalies suggesting fluid circulation from depth, adding a valuable structural layer for prioritizing targets. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.




Figure 1: Mustang Energy's Yellowstone Project 2025 Mobile MT Results - showing apparent conductivity image of the lowest survey frequency (33Hz) ) related to the deepest depth of investigation of the MMT survey system.




Figure 2: Mustang Energy's Yellowstone Project 2025 Mobile MT Results - showing magnetic image of the CVG and Total Magnetic Intensity.




Figure 3: Mustang Energy's Yellowstone Project 2025 Mobile MT Results - showing very low frequency (VLF) image of near-surface conductor anomalies.

The recent MobileMT survey has successfully infilled a portion of the Yellowstone Project which had not previously seen deep penetrating electromagnetics testing, giving complete geophysical coverage across the property. The Company now has a robust dataset of airborne EM surveys, as well as magnetic and radiometric datasets, providing a comprehensive understanding of both shallow and deep-seated structures. This multi-layered geophysical framework enhances the ability to vector toward high-priority uranium targets with increased confidence. The Company is actively integrating these results with historical data to refine and prioritize future drill targets.

About the MobileMT System

Mobile Magnetic Tellurics (MobileMT) is the latest innovation in airborne electromagnetics and one of the most advanced generation of airborne AFMAG technologies. The MobileMT technology utilizes naturally occurring electromagnetic (EM) fields in the frequency range of 25 – 20,000 Hz. Thunderstorms release energy, some of which is converted into EM fields that propagate through the ionosphere-Earth interspace. The EM fields and currents induced by these EM fields in the subsurface are used in MobileMT to identify variations in subsurface electrical resistivity.

The MobileMT technology is the product of extensive experience in developing equipment and signal/data processing algorithms for natural EM fields measurement. MobileMT combines the latest advances in electronics, airborne system design, and sophisticated signal processing techniques. The advanced noise processing technique of both electronic and signal processing levels ensures high data quality even for low natural EM fields.

The MobileMT survey system can effectively identify deep seated structures that may be associated with feeder fault systems to uranium mineralization, and is capable of detecting both the basement-hosted electromagnetic conductors and sandstone-hosted zones of anomalous resistivity commonly associated with Athabasca Basin uranium deposits.

MobileMT is capable of resolving resistivity contrasts to depths exceeding 1000 metres, and notably, previous MobileMT surveys have successfully identified basement conductors and alteration zones in the sandstone formations of prominent uranium deposits across the Athabasca Basin.

About the Yellowstone Project

The 100% owned Yellowstone Project is situated approximately 16 kilometres from the past producing Cluff Lake Mine in the Western Athabasca Basin. The project consists of seven adjoining claims totaling 21,820 hectares. The property surrounds the exterior of the Carswell Impact Structure and is adjacent to Fission Uranium’s West Cluff Project. The Carswell Impact Structure is thought to be related to a meteorite impact measuring ~18 km in diameter, which exposed basement rock that underlies the Athabasca Basin sandstone formations and hosts high grade uranium mineralization including the Cluff Lake Uranium Mine. The Yellowstone Project is transected by multiple conductors which are yet untested.

Qualifying Statement

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

Adjacent Property Disclaimer:

This news release includes references with respect to uranium deposits which are located near the Yellowstone Project. The Company advises that, notwithstanding their proximity of location, discoveries of minerals on nearby properties and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Yellowstone Project, or the Company’s ability to commercially exploit the Projects, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information.

About Mustang Energy Corp.:

Mustang is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets. The Company is actively exploring its properties in Northern Saskatchewan, Canada and holds 83,069 hectares in around the Athabasca Basin. Mustang's flagship property, Ford Lake, covers 7,743 hectares in the prolific eastern Athabasca Basin, while its Cigar Lake East and Roughrider South projects span 3,442 hectares to the north and the Spur Project to the south covering 23,680 hectares. Mustang has also established its footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares) and further expanded its presence in the south-central region of the Athabasca Basin with the Dutton Project (7,633 hectares).

For further information, please contact:

Mustang Energy Corp.

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

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

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

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3f0587f5-55e1-428f-b7ea-9122f767c10d

https://www.globenewswire.com/NewsRoom/AttachmentNg/e1690e40-4777-4b46-9fd8-38b1fe99fdb1

https://www.globenewswire.com/NewsRoom/AttachmentNg/ae5561bd-bddf-4985-8115-8374ac7ad3c0

[Lone Clone]

Vanguard Mining Advances 90,000-Hectare Yuty Prometeo Uranium Project Adjacent to UEC's 8.96M lbs Deposit with NI 43-101 Technical Report Underway

https://thenewswire.com/press-releases/1AqRF4YR3-vanguard-mining-advances-90-000-hectare-yuty-prometeo-uranium-project-adjacent-to-uec-s-8-96m-lbs-deposit-with-ni-43-101-technical-report-underway.html

Vancouver, BC – TheNewswire - April 17, 2025 – Vanguard Mining Corp. ("Vanguard" or the "Company") (CSE: UUU | OTC: RECHF | Frankfurt: SL5

[Lone Clone]

Snow Lake Phase 2 Drill Program Underway at Engo Valley

https://www.newsfilecorp.com/release/248733/Snow-Lake-Phase-2-Drill-Program-Underway-at-Engo-Valley

April 16, 2025 12:00 PM EDT | Source: Snow Lake Resources Ltd

Winnipeg, Manitoba--(Newsfile Corp. - April 16, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (Nasdaq: LITM) ("Snow Lake"), a uranium exploration and development company, announces that the Phase 2 drill program at its Engo Valley Uranium Project ("Engo Valley") is now underway.

Highlights

Phase 2 drill program is now underway

Drill crews are on site, have established their exploration camp, and the initial drill holes comprising the Phase 2 drill program have now been completed

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

Maiden mineral resource estimate is currently scheduled for completion during the second half of 2025

Phase 2 also includes plans to test a number of additional targets in the north and south parts of the project, outside of the two targets which are the main focus of Phase 2

CEO Remarks

"We have now completed the initial drill holes on our Phase 2 drill program at Engo Valley" said Frank Wheatley, CEO of Snow Lake. "Our objectives for Phase 2 are simple - to complete sufficient drilling to allow us to calculate a maiden resource estimate at Engo Valley during the second half of 2025."

"The global supply deficit of uranium will continue to increase as the world continues to expand it nuclear energy production capacity. With new uranium mines needed to meet this demand, programs like our Phase 2 drill program at Engo Valley are essential to prove up potential new economic sources of primary uranium. With Namibia being the third largest global uranium producer, we look forward to a successful Phase 2 drilling campaign at Engo Valley in Namibia."

Phase 2 Drill Program

The Phase 2 drill program ("Phase 2") has been planned to consist of an aggregate of up to 7,500 meters of a combination of reverse circulation and diamond drill holes in an in-fill grid pattern sufficient to allow the calculation of a maiden mineral resource estimate. Phase 2 will be focused on the Main Uranium Occurrence ("MUO"), and the D1 target area ("D1"). See Figure 1.



Figure 1 - Phase 2 Drilling underway at Engo Valley Uranium Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/248733_ea54c341541d8bed_001full.jpg

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

Assuming the Phase 2 drill program goes according to plan and assay results are received in a timely fashion, the preparation of a maiden mineral resource estimate for Engo Valley is targeted for completion during the second half of 2025.

About Snow Lake Resources Ltd.

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

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

Contact and Information

Frank Wheatley, CEO Investor Relations

Investors:
[e-mail]

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

Twitter:
www.twitter.com/SnowLakeEnergy

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



SOURCE: Snow Lake Resources Ltd

[Lone Clone]

Dark Star Completes Sampling Program On The Ghost Lake Uranium Project In Prolific Labrador Central Mineral Belt and Announces Equity Incentive Grants

https://www.newsfilecorp.com/release/248675/Dark-Star-Completes-Sampling-Program-On-The-Ghost-Lake-Uranium-Project-In-Prolific-Labrador-Central-Mineral-Belt-and-Announces-Equity-Incentive-Grants

April 16, 2025 8:30 AM EDT | Source: Dark Star Minerals Inc.

Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") announces it has completed sampling program on its Ghost Lake property located in the prolific Central Mineral Belt ("CMB") in the Province of Newfoundland and Labrador (the "Ghost Lake Property" or "Property").

As part of its ongoing exploration efforts, the Company successfully collected 19 rock samples and 52 lake sediment samples across the highly prospective Ghost Lake Property. These samples have been submitted to Actlabs and Eastern Analytical, both leading independent analytical laboratories, for comprehensive geochemical analysis. The results are expected in May and will provide valuable insights into the Property's mineral potential and help guide the next phase of exploration.

Marc Branson, President, Chief Executive Officer and a director of Dark Star Minerals Inc. stated, "Now that the sampling program is complete, we are looking forward to taking the next step in unlocking the full potential of the Ghost Lake Property. These samples could provide important geological data that will help us better understand the Property and guide our next steps in exploration, including identifying potential targets for follow-up exploration."



Figure 1. - Ghost Lake Uranium Project Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9815/248675_6dffeddd44651867_002full.jpg

A historic radiometric survey conducted across the Anna Lake and Ghost Lake B grids delivered promising results, successfully outlining multiple anomalous regions. At Anna Lake, the survey provided well-defined data, identifying two prominent radiometric trends that may represent a single, continuous prospective body.

These findings support the potential presence of a large uraniferous system, warranting further follow-up exploration to the northeast and southwest to determine its full extent. Similarly, the anomalies identified on the Ghost Lake B grid merit additional investigation in all directions to better understand the scope and significance of the radiometric signatures.



Figure 2. Ghost Lake B Zone Survey outline on Radiometric U response with structure zones and major structures

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9815/248675_6dffeddd44651867_003full.jpg

About the Property and Central Mineral Belt

Located in the prolific CMB of Labrador, the Ghost Lake Property consists of 28,575 ha of contiguous claim blocks. The Property is bound on three sides (N, W, E) by properties held by Atha Energy Corp. (the "Atha Properties") and overlaps structural trends with known deposits such as Paladin Energy Ltd.'s ("Paladin Energy") Michelin Project, Labrador Uranium Inc.'s, and the Mustang Lake and Jacques Lake deposits. The CMB is a diverse geological environment and is host to widespread uranium mineralization. The neighboring Atha Properties host a number of uranium deposits, including the Anna Lake, Moran Lake, and Mustang deposits while Paladin Energy hosts the Michelin Uranium Project.

Mineralization on the neighbouring properties is not indicative of potential mineralization on the Ghost Lake Property.



Figure 3. Ghost Lake Property Anomalies and Neighbouring Deposits

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9815/248675_6dffeddd44651867_004full.jpg

Equity Incentive Grants

The Company would like to announce the grant of an aggregate of 5,300,000 options (each, an "Option") to purchase common shares (each, a "Share") in the capital of the Company and the award of an aggregate of 2,600,000 restricted share units (each, a "RSU") to certain directors, officers and consultants of Dark Star.

Each Option is exercisable at an exercise price of $0.05 per Share and vested immediately upon the date of grant. An aggregate of 4,100,000 Options have a two (2) year term, while the remaining 1,200,000 Options have a one (1) year term. Dark Star has received a waiver from the Canadian Securities Exchange ("CSE") of the four (4) month exchange hold period for an aggregate of 3,000,000 Options granted to directors and officers of the Company. All other Options are subject to the four (4) month exchange hold period.

All of the RSUs vest 100% on the date this is four (4) months from the date of award. Upon vesting, each RSU represents the right to receive one Share in accordance with the Company's Omnibus Equity Incentive Plan.

The grant of the Options and award of the RSUs is subject to acceptance by the CSE.

Qualified Person

Jeremy Hanson, P. Geo., a Qualified Person as that term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the technical aspects of this news release.

About Dark Star Minerals Inc.

Dark Star Minerals Inc. is a mineral exploration company focused on the acquisition and development of critical mineral resources, specifically the rare earth complex. Dark Star has an option to acquire a 100% interest in the Ghost Lake claims located in the prolific CMB of Labrador, which consists of 28,575 ha of contiguous claim blocks, and has signed a non-binding agreement to acquire a 100% interest in in the Bleasdell Lake uranium project consisting of over 515 ha in Northern Saskatchewan, Canada.

For further information please contact:

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

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

SOURCE: Dark Star Minerals Inc.

[Lone Clone]

GoviEx Advances the Muntanga Uranium Project with Submission of Draft Environmental and Social Impact Assessment to Zambian Environmental Agency

https://www.newsfilecorp.com/release/248709/GoviEx-Advances-the-Muntanga-Uranium-Project-with-Submission-of-Draft-Environmental-and-Social-Impact-Assessment-to-Zambian-Environmental-Agency

April 16, 2025 6:00 AM EDT | Source: GoviEx Uranium Inc.

Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or "the Company") is pleased to announce that it has further advanced the development of its Muntanga Uranium Project in Zambia with the filing of its draft Environmental and Social Impact Assessment ("ESIA") with the Zambian Environmental Management Agency ("ZEMA").

This submission marks a key step in the project's transition from feasibility towards execution. With the draft ESIA now submitted, ZEMA will undertake a review of the document and provide comments and guidance to GoviEx. This feedback will inform the final ESIA, which GoviEx will then resubmit for final approval, which is expected in the second half of 2025.

The filing of the draft ESIA follows the recently completed Feasibility Study, which confirmed Muntanga as a robust, shallow open-pit, heap leach operation with a projected 12-year mine life, low operating costs, and strong financial returns - including an after-tax NPV8% of USD 243 million1 and an internal rate of return (IRR) of 20.8%.2

Daniel Major, CEO of GoviEx, commented:

"The momentum behind the Muntanga Project continues to build. With today's draft ESIA submission, we are taking another significant step toward making Muntanga a reality. This progress demonstrates our dedication to delivering one of the few near-term uranium projects with potential to help meet growing global demand, while also ensuring environmental and social responsibility. We are also making solid progress on the financing front, with strong early-stage interest that reflects confidence in the quality and potential of the Muntanga Project."

Muntanga is strategically positioned to supply both Western and non-Western nuclear markets, benefitting from Zambia's excellent infrastructure, pro mining government, proximity to export routes, and domestic surplus of sulfuric acid - a key reagent in uranium recovery. With a rapid construction timeline and expected uranium production within four months of mining commencement, Muntanga is one of the few near-term uranium projects capable of helping bridge the global supply gap in a tightening nuclear fuel market. Production is expected to begin in 2028, with discussions currently underway with potential off-takers.

Qualified Person Statement

The scientific and technical information in this release has been reviewed, verified, and approved by Mr. Jerome Randabel, MAIG, Chief Geologist of GoviEx, a Qualified Person as defined in Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects".

Notes:

At US$ 90 per pound U3O8.
The technical report titled, "NI 43-101 Technical Report: Muntanga Uranium Project in the Southern Province of Zambia", dated March 7, 2025, has been filed under GoviEx's profile on SEDAR+ (www.sedarplus.ca) and is also available on the Company's website www.goviex.com.

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

About GoviEx Uranium Inc.
GoviEx (TSXV: GXU) (OTCQB: GVXXF), is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Muntanga Project in Zambia.

Contact Information
Isabel Vilela, Head of Corporate Communications
Daniel Major, Chief Executive Officer
Tel: [phone] Email: [e-mail] Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Information

This news release may contain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to: (i) the Muntanga Project's transition from feasibility towards execution; (ii) the method and timing of any development and mining operations at Muntanga, including expected uranium production within four months of mining commencement and the target production start in 2028; (iii) the continued engagement program with potential off-takers; (iv) the expected timing for final approval of the Environmental and Social Impact Assessment (ESIA) in the second half of 2025; and (v) Muntanga emerging as one of the few near-term uranium projects with the potential to help address the uranium supply gap, with potential to supply both Western and non-Western markets. Although GoviEx believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that GoviEx will successfully file the final ESIA as and when anticipated; that GoviEx will successfully raise required financing for the Muntanga Project; (ii) that the current uranium upcycle will continue and expand; (iii) that the integration of nuclear power into power grids worldwide will continue as a clean energy alternative; and (iv) that the price of uranium will remain sufficiently high and the costs of advancing GoviEx's mining projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner. Factors that could cause actual results to differ materially from expectations include: (i) the inability of the Company to file the final ESIA for any reason; (ii) the inability of the Company to raise financing for its Muntanga Project for any reason; (iii) a regression in the uranium market price; (iv) an inability or unwillingness to include or increase nuclear power generation by major markets; (v) potential delays due to new or ongoing health or environmental restrictions; (vi) the failure of GoviEx's projects, for technical, logistical, labour-relations, political, or other reasons; (vii) a decrease in the price of uranium below what is necessary to sustain GoviEx's operations; (viii) an increase in GoviEx's operating costs above what is necessary to sustain its operations; (ix) accidents, labour disputes, or the materialization of similar risks; (x) a deterioration in capital market conditions that prevents GoviEx from raising the funds it requires on a timely basis; (xi) political instability in the jurisdictions where GoviEx operates; and (xii) generally, GoviEx's inability to develop and implement a successful business plan for any reason. In addition, the factors described or referred to in the section entitled "Risk Factors" in the MD&A for the year ended December 31, 2023, as well as the Annual Information Form for the year ended December 31, 2023, of GoviEx, which are available on the SEDAR+ website at www.sedarplus.ca, should be reviewed in conjunction with the information found in this news release. Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Cautionary Note to United States Persons:

The disclosure contained herein does not constitute an offer to sell or the solicitation of an offer to buy securities of GoviEx.

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those referenced above collectively as "forward-looking statements" under the "Cautionary Statement Regarding Forward-Looking Information" involve known and unknown risks, uncertainties and other factors which may cause the actual results, the performance or achievements of GoviEx to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 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.

SOURCE: GoviEx Uranium Inc.

[Lone Clone]

Western Uranium & Vanadium Announces Ore Purchase Agreement

https://www.globenewswire.com/news-release/2025/04/14/3060854/0/en/Western-Uranium-Vanadium-Corp-Announces-Ore-Purchase-Agreement.html

April 14, 2025 08:00 ET | Source: Western Uranium & Vanadium Corp.

Toronto, Ontario and Nucla, Colorado, April 14, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the “Company”) is pleased to announce that the Company has entered into an Ore Purchase Agreement ("Agreement") with Energy Fuels Inc. (NYSE American: UUUU) (TSX:EFR).

Western plans to commence hauling around the beginning of May, making deliveries to Energy Fuels’ White Mesa Mill, the only operational conventional uranium/vanadium mill in the United States. Deliveries will be sourced from previously mined production that has been stockpiled at the Company’s flagship Sunday Mine Complex. The Agreement is for a one year period, and provisions for the delivery of up to 25,000 short tons of uranium bearing ore. The purchase price will be calculated based upon the uranium grade of each closed lot according to the agreed pricing schedule.

George Glasier, Western’s CEO stated: “This Agreement strengthens Western’s strategic position and accelerates our generation of revenues, while rewarding shareholder investments that have yielded our current stockpiles. The collaboration with Energy Fuels provides synergies and leverage for both companies, while the North American nuclear fuel supply chain benefits from expedited near-term production of uranium resources.”

Warrant Repricing
Further to the news release issued by the Company on November 29, 2024, Western announces that a total of 2,868,541 previously issued common share purchase warrants (the "Warrants") have been repriced and are now exercisable at CAD$2.00 per share. The Company received consents from all holders of Warrants and filed an amended Form 13 dated February 27, 2025 under its profile on the Canadian Securities Exchange ("CSE") website. As previously announced, the term of the Warrants was extended with all Warrants now expiring on January 20, 2026. All other terms of the Warrants remain unchanged. In accordance with the CSE rules, no compensation warrant was repriced or extended. Western will not issue replacement Warrant certificates. The originally issued Warrant certificates will be utilized for any such exercises. Please refer to Western's news release issued on November 29, 2024 for additional details.

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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F3 Uranium - NEW Discovery - 33.0m Radioactivity with 0.56m >10,000 cps at Broach Lake On New Trend - 12km South of JR Zone

https://www.newsfilecorp.com/release/248437/F3-NEW-Discovery-33.0m-Radioactivity-with-0.56m-10000-cps-at-Broach-Lake

April 15, 2025 5:00 AM EDT | Source: F3 Uranium Corp.

Kelowna, British Columbia--(Newsfile Corp. - April 15, 2025) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF)

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Mustang Energy Expands Spur Project South of the Athabasca Basin, Saskatchewan and Enters Marketing Services Agreements

https://www.globenewswire.com/news-release/2025/04/08/3057293/0/en/Mustang-Energy-Expands-Spur-Project-South-of-the-Athabasca-Basin-Saskatchewan-and-Enters-Marketing-Services-Agreements.html

April 07, 2025 21:24 ET | Source: Mustang Energy Corp.

VANCOUVER, British Columbia, April 07, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce the expansion of its Spur Project with the acquisition of a 100%-owned mineral claim comprising 5,751 hectares. The new claim is located directly south of the Athabasca Basin in northern Saskatchewan and was secured through strategic, cost-effective staking. This addition further strengthens Mustang’s land position in a geologically favorable region prospective for uranium, rare earth elements (REEs), thorium (Th), and base metal mineralization.

The new claim extends the Spur Project southward and lies approximately 70 km southeast of Cameco’s Key Lake Mill and within 45 km of all-season road access and a power transmission corridor. The property is situated within an underexplored area of the Wollaston Domain and encompasses a magnetic low trending south from the Burbidge Lake Shear Zone—a notable regional reverse fault. This structural corridor also lies adjacent to Forum Energy Metals’ Janice Lake Sediment-hosted Copper Project. The newly acquired claim includes a historically identified zinc showing, Grand Rapids Zinc Occurrence, where surface grab samples returned up to 0.4% Zn4.

This area is considered prospective for a range of mineralization styles, including basement-hosted uranium, Rössing-type uranium-REE-bearing granitic pegmatites2, and base metals. Its strategic location along trend of Forum Energy Metals’ Janice Lake Sedimentary Copper Project5 and directly east of Searchlight Resources' Kulyk Lake Uranium and REE Project6, further underscores its promising exploration potential.

“With this acquisition, Mustang continues to strengthen and diversify its portfolio to include uranium and critical mineral assets in the Athabasca region, a globally recognized jurisdiction for high-grade uranium deposits," said Nicholas Luksha, CEO and Director. "We are committed to unlocking the mineral potential of the Spur project. Our technical team is currently compiling available datasets with the expectation of initiating a reconnaissance-level exploration program over the newly staked area during the upcoming field season.”




Figure 1: Overview of Mustang Energy's newly acquired claim south of the Athabasca Basin, Saskatchewan1

Spur Project Geology and Mineralization

The Spur Project is situated within the Wollaston Domain, just south of the Athabasca Basin, a region recognized for hosting some of the world’s highest-grade uranium deposits. The property is underlain by Proterozoic basement rocks, comprising Wollaston Group metasedimentary gneisses, predominantly psammitic to meta-arkosic, with folded lenses of pelitic to psammopelitic gneisses. This geological setting is favourable for both structurally controlled basement-hosted uranium and pegmatite-related uranium, REE’s and thorium mineralization.

Mineralization in this region commonly includes anomalous concentrations of REEs and base metals associated with uranium and thorium, indicative of Rössing-type systems. These deposit types are named after the Rössing uranium mine in Namibia, one of the world’s largest open-pit uranium mines, known for its REE-enriched granitic pegmatites.2

To the northeast lies the Janice Lake area, known for its sediment-hosted, stratiform copper mineralization. Over 20 copper occurrences have been documented there, primarily situated northwest of the Burbidge Lake Shear Zone in more proximal sedimentary facies of the Janice Lake and Rafuse Lake formations. The southern extension of this mineralized corridor, where Mustang's new claim is located, remains underexplored.3

Strategic Importance

This expansion aligns with Mustang’s broader corporate strategy of building a diversified portfolio of uranium and critical mineral assets in politically stable, infrastructure-rich jurisdictions. As global interest in nuclear energy and clean technologies accelerates, Mustang remains well-positioned to contribute meaningfully to the evolving energy landscape.

Mustang remains committed to executing its exploration strategy responsibly, contributing positively to local communities, and ensuring environmental sustainability in all its operations.

References

Saskatchewan GeoAtlas, Retrieved from: https://gisappl.saskatchewan.ca/Html5Ext/index.html?viewer=GeoAtlas
Rossing Uranium Limited. (n.d.). Press Bulletin 64. Retrieved from https://www.rossing.com/bullet/bulletpress64.htm
Delaney, G.D., et. al, (1995): Geological setting of sediment hosted copper mineralization in the Janice Lake area, Wollaston Domain; in Summary of Investigations 1995, Saskatchewan Geological Survey. Sask. Energy Mines, Misc. Rep. 95-4.
Saskatchewan Mineral Deposits Index. (n.d.). Grand Rapids Zn Occurrence (Deposit ID: 0987). Retrieved from: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/0987
Forum Energy Metals Corp. Retrieved from: https://forumenergymetals.com/projects/janice-lake-sedimentary-copper-project/
Searchlight Resources Inc. Retrieved from: https://searchlightresources.com/projects/uranium-projects/kulyk-lake-south-uranium/

Qualifying Statement

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

Adjacent Property Disclaimer:

This news release includes references with respect to uranium occurrences as well as references to geological favourability of “Adjacent Properties”, which are located near the Spur Project. The Company advises that, notwithstanding their proximity of location, discoveries of minerals on the Adjacent Properties and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Spur Project, or the Company’s ability to commercially exploit the Spur Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information.

Engagement with MCS Market Communication Service GmbH

Pursuant to an independent marketing services agreement dated April 1, 2025 (the “MCS Agreement”), the Company has engaged MCS Market Communication Service GmbH (“MCS”) to provide certain online marketing activities including technical solutions to map those activities and investor relations services to the Company for a term of six months in consideration for an initial budget for the marketing campaign of 220.000 EUR, of which MCS will charge an agency fee of 35.200 EUR (approximately CDN$54,517,76). The Company has an option to increase the budget in the future upon mutual agreement of both parties. The services to be conducted by MCS will include creation of test materials, creation of campaigns, ad groups, text ads, display ads, detailed keyword research, setup and management of remarketing campaigns within an individual website visitor approach, permanent dynamic optimization of the keywords set, ongoing bid management of campaigns, ad groups and keywords, optimization of keyword options, control and optimization for different devices, placing display advertisements, using relevant targeting options as demographic, geographic, interest, topics or keywords, coordinating online advertiser and marketers corresponding to the online marketing targets and creation of landing pages for ad campaigns. The payment of any fees in connection with the engagement is subject to the approval of the CSE. The Contractor has no direct relationship with the Company, other than as contemplated in the engagement.

MCS and its principals are arm’s length to the Company. MCS’s contact information is as follows: Rheinpromenade 13, 40789 Monheim am Rhein, NRW, Germany, attention: Monika Woeste, Chief Executive Officer, email: info @Bella-2481220.

Engagement with 9466-5908 Quebec Inc.

Pursuant to an agreement dated April 1, 2025 (the “Agreement”), the Company has engaged 9466-5908 Quebec Inc. (the “Contractor”) to provide certain investor relations services to the Company. The engagement commenced on April 1, 2025 and will continue until May 31, 2025 (the “Term”), unless terminated pursuant to the terms of the Agreement. The Term may be extended with the written consent of the Company and the Contractor. The Contractor will provide 15 professionally produced videos monthly, repurposed for optimal reach across TikTok, Instagram, YouTube and Facebook and detailed monthly reports with key metrics on engagement, reach and follower growth. Pursuant to the terms of the Agreement, the Company will pay a cash retainer of $17,400 per month. The payment of any fees in connection with the engagement is subject to the approval of the CSE. The Contractor has no direct relationship with the Company, other than as contemplated in the engagement.

The Contractor has an address at 207 – 7080 Rue Alexandra, Montreal, QC H2S 3J5 and Adam Khatib of 9466-5908 Quebec Inc. can be reached by telephone at 514.690.2750 or by email at [e-mail].

About Mustang Energy Corp.:

Mustang is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets. The Company is actively exploring its properties in Northern Saskatchewan, Canada and holds 83,069 hectares in around the Athabasca Basin. Mustang's flagship property, Ford Lake, covers 7,743 hectares in the prolific eastern Athabasca Basin, while its Cigar Lake East and Roughrider South projects span 3,442 hectares in the Wollaston Domain. Mustang has also established its footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares) and further expanded its presence in the south central region of the Athabasca Basin with the Dutton Project (7,633 hectares).

For further information, please contact:

Mustang Energy Corp.

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

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

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “believes” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the future potential of the minerals claims held by the Company, including the Spur Project; the completion of future work on the Spur Project; that marketing campaigns led by MCS and the Contractor will expand the Company’s presence target markets; and that the Company is strategically positioned for substantial growth. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation the assumption that the Company will be able to continue exploring its properties given various environmental and economic factors outside of its control; that the marketing campaigns created by MCS and the Contractor will be completed as planned; and that the marketing engagement with MCS and the Contractor will have the desired impact on Mustang’s presence in target markets. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3332228-5658-4e92-8114-b25272a350fb

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enCore Energy Increases Uranium Extraction at Alta Mesa ISR Uranium Central Processing Plant; Appoints Director and Site Management

https://www.newswire.ca/news-releases/encore-energy-increases-uranium-extraction-at-alta-mesa-isr-uranium-central-processing-plant-appoints-director-and-site-management-865248071.html

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

NASDAQ:EU
TSXV:EU
www.encoreuranium.com

DALLAS, April 7, 2025 /PRNewswire/ -- enCore Energy (NASDAQ: EU) (TSXV: EU)

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Snow Lake Updates on the Joint Venture with Global Uranium and Enrichment on the Pine Ridge Uranium Project

https://www.newsfilecorp.com/release/248050/Snow-Lake-Updates-on-the-Joint-Venture-with-Global-Uranium-and-Enrichment-Limited-on-the-Pine-Ridge-Uranium-Project

April 10, 2025 8:00 AM EDT | Source: Snow Lake Resources Ltd

Winnipeg, Manitoba--(Newsfile Corp. - April 10, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, provides an update on the 50 / 50 joint venture with Global Uranium and Enrichment Limited ("GUE") on the Pine Ridge Uranium Project ("Pine Ridge") in Wyoming's Powder River Basin.

Highlights

GUE has staked additional mineral claims around Pine Ridge, bringing the total project footprint to nearly 20,000 acres of surface access and mineral rights

GUE has called an extraordinary general meeting for April 14, 2025 to obtain approval from its shareholders for it's A$10 million equity raise as part of the acquisition of Pine Ridge

Snow Lake has committed to invest circa A$5.8 million, for a 19.99% interest in GUE, as part of the equity raise

Ubaryon continues to progress with a number of interested strategic parties towards securing funding for the ongoing development of its business

CEO Remarks

"We are extremely pleased with Global Uranium and Enrichment Limited's ("GUE") ASX Announcement of April 3, 20251, announcing that GUE continues to stake additional mining claims around Pine Ridge in order to increase the project footprint," said Frank Wheatley, CEO of Snow Lake. "This proactive approach of GUE to enhance the footprint of Pine Ridge, as well as commencing the preparation of a drill program for Pine Ridge in 2025, reinforces our belief that our joint venture with GUE on Pine Ridge holds the potential to create substantial value for our shareholders."

Ubaryon

Ubaryon is a private Australian company which is developing and commercialising a unique uranium enrichment technology (the "Ubaryon Enrichment Technology") based on the chemical separation of naturally occurring uranium isotopes. GUE is the largest shareholder of Ubaryon with a 21.9% shareholding. Ubaryon owns 100% of the Ubaryon Enrichment Technology.

As GUE announced on February 12, 20252, Ubaryon updated its shareholders regarding commercial interest from potential major strategic partners towards securing funding for ongoing development for the business. GUE advises that this process continues to progress well with a number of interested parties and is expected to be announced within the first half of 2025.

Pine Ridge Uranium Project

As announced by each of Snow Lake and GUE on March 12, 20253, Snow Lake and GUE entered into a joint venture agreement (the "JVA") for the acquisition of 100% of Pine Ridge in Wyoming's Powder River Basin.

GUE announced on April 3, 20254 that that through the JVA, the GUE management team is staking further claims surrounding Pine Ridge, which will nearly double the footprint of the current project holdings. The current project holdings include nearly 20,000 acres of surface access and mineral rights. GUE has also commenced the preparation of a drilling program including permitting and tendering drill contractors.

As part of the acquisition, GUE received binding commitments to raise A$10.0 million (before costs) through a conditional placement to institutional and sophisticated investors (the "Placement"). Included in the Placement, Snow Lake has agreed to invest circa A$5.8 million for a 19.9% shareholding in GUE. The Placement is subject to GUE shareholder approval to be sought at an Extraordinary General Meeting to be held on April 14, 2025 and Snow Lake completing due diligence. To allow Snow Lake to finalise its due diligence, GUE has agreed to extend Snow Lake's due diligence period until April 10, 2025.

About Snow Lake Resources Ltd.

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

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

Contact and Information

Frank Wheatley, CEO Investor Relations

Investors:
[e-mail]

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

Twitter:
www.twitter.com/SnowLakeEnergy

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



1 https://wcsecure.weblink.com.au/pdf/GUE/02932279.pdf
2 https://wcsecure.weblink.com.au/pdf/GUE/02912046.pdf
3 https://wcsecure.weblink.com.au/pdf/GUE/02923751.pdf, https://snowlakeenergy.com/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/
4 https://wcsecure.weblink.com.au/pdf/GUE/02932279.pdf

SOURCE: Snow Lake Resources Ltd

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Atomic Minerals Announces Option Agreement to Acquire Saskatchewan Mineral Claims

https://www.newsfilecorp.com/release/248031/Atomic-Minerals-Announces-Option-Agreement-to-Acquire-Saskatchewan-Mineral-Claims

April 10, 2025 7:30 AM EDT | Source: Atomic Minerals Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) - Atomic Minerals Corporation (TSXV: ATOM) ("Atomic Minerals" or the "Company") is pleased to announce that it has entered into an option agreement dated April 9, 2025 (the "Option Agreement") amongst the legal and beneficial holder (the "Vendor") of two mineral claims totaling approximately 5,355 hectares located in the Province of Saskatchewan (the "Property"). Pursuant to the Option Agreement, the Vendor has granted the Company the exclusive right to acquire a 100% interest in the Property (the "Option").

The Mozzie Lake project consists of two properties situated in the Pinkham Lake Zone approximately 25km northeast of the Athabasca Basin, located within the Charlebois-Higgingson Lake Uranium District. Uranium mineralization on the properties is hosted within pegmatite intrusions. Two programs of diamond drilling in 1967 and 1968 identified an historic estimate of 208,300 tons grading 0.118% U3O8, approximately 491,588 pounds of U3O8.

The historic estimate was disclosed in Kings Resources Company Exploration - 1968 Permit 3 Area Athabasca Mining District, Saskatchewan by B.G. Gislason and C.M Trigg Dated November 1968. The Company feels the historic estimate is relevant because it speaks to the potential of the Mozzie Lake property and reliable as it was completed to the standards of the day by competent geologists. The historic estimate appears to be calculated from cross sections, under the assumption that the pegmatite bodies hosting the mineralization are conformable with the enclosing rock. Only mineralized sections grading 0.05 per cent U308 or greater were included in the calculation. The historic estimates are classified as drill indicated, which would be comparable to an inferred resource. The Company would need to twin a number of the 1967 and 1968 drill holes to move the historic estimate to an inferred resource.

Atomic Minerals cautions investors a qualified person has not done sufficient work to classify the historical estimate as current mineral resources and further cautions that the Company is not treating the historical estimate as current mineral resources.

"We are very excited to announce the acquisition of an additional uranium property with pounds in the ground. This acquisition represents another step forward in our mission to build shareholder value as Atomic Minerals advances its uranium exploration portfolio across North America," stated Clive Massey, President & CEO.

Transaction Terms

To exercise the Option and acquire a 100% interest in the Property, subject to TSX Venture Exchange ("TSXV") acceptance, the Company must:

Issue 5,500,000 common shares (the "Consideration Shares") to the Vendor upon TSXV approval of the Option Agreement; and
Pay $50,000 in cash to the Vendor within three years from the effective date of the Option Agreement.

The Company also has the right (but not the obligation) to purchase a 3% net smelter return royalty (the "Royalty") held by an arm's-length third party (the "Royalty Holder") by issuing 5,500,000 Consideration Shares to the Royalty Holder (the "Royalty Buy-Back"), subject to TSXV acceptance.

No finder's fees were paid on this arm's length Option Agreement.

All securities issued in connection with the Option Agreement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.

None of the securities issued in connection with the Option Agreement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

R. Tim Henneberry, PGeo (British Columbia), an adviser to the Company, is the Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the technical information of this news release.

About the Company

Atomic Minerals Corporation is a publicly listed exploration company on the TSXV, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven track record in the junior mining sector. Atomic's objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Atomic's property portfolio contains uranium projects in three locations within North America, all of which have technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of U3O8. Three others are in the prolific Athabasca Basin region.

For additional information about the Company and its projects, please visit our website at www.atomicminerals.ca

ON BEHALF OF THE BOARD OF DIRECTORS

"Clive Massey"
Clive H. Massey
President & CEO

For further information, please contact:
[e-mail]
[phone]

Neither TSX Venture Exchange nor their 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" within the meaning of applicable Canadian securities legislation. Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management's expectations or beliefs regarding future events. Such statements include, but are not limited to: the Company's plans to exercise the Option and acquire a 100% interest in the Property; the Company's belief in the relevance and reliability of the historical estimate; the potential of the Mozzie Lake project; the possibility of converting the historical estimate into a current mineral resource; the Company's intention to advance its uranium exploration projects across North America; the anticipated creation of shareholder value; the potential for future acquisition of the royalty; and the Company's broader exploration objectives and the perceived potential of its properties.

Forward-looking statements are typically identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "may," "will," and similar expressions, or statements that events, conditions, or results "will," "may," "could," or "should" occur or be achieved.

Such forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news release, including assumptions regarding regulatory approvals, exploration and development plans proceeding as expected, and the availability of financing and other resources.

However, forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the speculative nature of mineral exploration; the accuracy of historical estimates; the Company's ability to obtain TSXV and other regulatory approvals; market conditions; changes in commodity prices; and general economic and political risks in jurisdictions where the Company operates.

Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

SOURCE: Atomic Minerals Corp.

[Lone Clone]

Standard Uranium Announces Strategic Partnership with Fleet Space and Multiphysics Surveys on Flagship Davidson River Project

https://www.newsfilecorp.com/release/247995/Standard-Uranium-Announces-Strategic-Partnership-with-Fleet-Space-and-Multiphysics-Surveys-on-Flagship-Davidson-River-Project

April 10, 2025 7:00 AM EDT | Source: Standard Uranium Ltd.

Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce it has formed a strategic partnership with Fleet Space Technologies Canada Corp. ("Fleet Space") to advance uranium exploration on its flagship Davidson River Project ("Davidson River" or the "Project") using Fleet Space's Exosphere Multiphysics surveys.

"We are proud to welcome the Fleet Space team as a strategic partner and together we will drive exploration across the Athabasca Basin starting with our flagship Davidson River Project in 2025," said Jon Bey, CEO & Chairman of the Company. "Our goal is to make the next world-class high-grade* uranium discovery, and we believe that Fleet Space's real-time geophysical capabilities and industry leading expertise in data-driven exploration will enable us to accelerate our progress with deployment of their Exosphere Multiphysics technology as a vital step on the path to discovery."

Key Highlights:

First Multiphysics in SW Athabasca: Standard Uranium and Fleet Space undertaking first Exosphere Multiphysics surveys in the prolific SW Athabasca Uranium District on Davidson River (Figure 1).

Integrative Exploration Strategy: Combined real-time 3D Ambient Noise Tomography ("ANT") and ground gravity surveys will provide new data layers to characterize lithological variations and identify potential alteration signatures related to uranium mineralization, in addition to further refining the structural architecture of known basement conductors.

Increased Discovery Potential: High-priority target areas across three conductor corridors will be significantly derisked with high-resolution imaging of basement structures and alteration zones, providing key targeting information for discovery.



Figure 1. Overview of Standard Uranium's Flagship Davidson River Project in the southwest Athabasca Basin uranium district.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/247995_c95040a4f408a814_002full.jpg

Davidson River Multiphysics Surveys

In partnership with Fleet Space, the Company will undertake three ExoSphere Multiphysics survey grids across the Warrior, Bronco, and Thunderbird conductors on the Project in the spring of 2025. The Multiphysics surveys will collect and integrate ANT and ground gravity datasets, covering highly prospective areas along three of the four main structural corridors on the Project. The surveys will provide critical targeting layers in the form of 3D ANT shear velocity models and custom inversion models for subsurface density, leveraging both ANT and ground gravity datasets as inputs.

Density anomalies in the basement rock coinciding with known graphitic conductors are often indicative of potential zones of hydrothermal alteration of host rocks associated with uranium mineralization events. Drill targeting with this strategy has been proven through the discovery of world-class uranium deposits in the SW Athabasca Basin and will upgrade targets across the Project.

Sean Hillacre, President & VP Exploration of the Company, stated: "Using Fleet's proprietary Cover Depth analysis from the ANT data in combination with the ground gravity data, Fleet Space will compute and provide a cover-corrected gravity dataset which will significantly upgrade our target areas at Davidson River through imaging of density anomalies in the basement rock. These surveys will be the first of their kind in the SW Athabasca Basin uranium district and marks a significant step towards discovery on our Flagship Project."

Federico Tata Nardini, Chief Financial & Investment Strategy Officer, added: "We're proud to enter a strategic partnership with Standard Uranium to unlock the exploration potential on their projects in the Athabasca Basin. Fleet Space's real-time exploration platform, Exosphere, is transforming how exploration is conducted by reducing uncertainty in drill targets and enabling faster, smarter decision making across the exploration process. This partnership reflects our shared commitment to building mineral supply chains of the future — efficiently and sustainably — to meet the world's rising demand for abundant, clean energy."

Strategic Partnership with Fleet Space

The Company also announces it has entered into a debt settlement agreement (the "Agreement") with Fleet Space Technologies Canada Corp. (the "Creditor"), and its affiliate Fleet Investment Fund PTY LTD., pursuant to which the Company proposed to settle Cdn$525,000 of indebtedness owing to the Creditor by the issuance of 7,000,000 common shares (the "Debt Settlement Shares") at a deemed price of $0.075 per share (the "Debt Settlement"). The deemed price represents a 2.3% discount from the 30-day volume weighted average closing price of the common shares of the Company on the TSX Venture Exchange ("TSX-V") immediately prior to entering into of the Agreement.

The Debt Settlement is subject to regulatory approvals, including the TSX-V and is an arm's length transaction. The issuance of the Debt Settlement Shares will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

No new control person of the Company will be created pursuant to the Shares for Debt Transaction; however, assuming completion of the Debt Settlement and no other share issuances, the Creditor would own approximately 11% of the outstanding common shares of the Company, resulting in the Creditor becoming a new "Insider" of the Company.

*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.

Neither the TSXV 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.

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]

About Fleet Space Technologies

Fleet Space Technologies, Australia's leading space exploration company, is revolutionizing critical mineral discovery with its end-to-end mineral exploration solution, Exosphere, which combines satellite connectivity, 3D multiphysics, and AI to image mineral systems in real-time. Over 40 leading exploration companies like Rio Tinto, Barrick Gold, Gold Fields, and Ma'aden use Exosphere's real-time 3D subsurface imaging on projects across five continents. Due to global demand for Exosphere, Fleet Space's international footprint has expanded into the US, Canada, Chile, and Luxembourg, with over 130+ employees, representing 37 nationalities, worldwide. In 2024, Fleet Space was recognized as the winner of the Innovation category at the Mining Technology Excellence Awards and received the Climate Impact Technology Award by the Banksia Foundation.

To learn more about Exosphere, please visit https://www.fleetspace.com/contact.

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]

Cosa Resources Enters into Option Agreement for the Astro Uranium Project, Athabasca Basin, Saskatchewan

https://www.newsfilecorp.com/release/247898/Cosa-Resources-Enters-into-Option-Agreement-for-the-Astro-Uranium-Project-Athabasca-Basin-Saskatchewan

April 09, 2025 8:00 AM EDT | Source: Cosa Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU)

[Lone Clone]

Forsys Reports Positive Ore Sorting Testwork at Norasa

https://www.globenewswire.com/news-release/2025/04/08/3057463/0/en/Forsys-Reports-Positive-Ore-Sorting-Testwork-at-Norasa.html

April 08, 2025 07:00 ET | Source: Forsys Metals Corp

TORONTO, April 08, 2025 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”)

Forsys is pleased to report on ore-sorting testwork at its Norasa Uranium project (“Norasa”1).

Highlights

Exploratory ore sorting evaluations show that ore sorting is possible for Valencia ore to increase uranium grade and reduce acid consumption during processing.
Next phase testwork has commenced for proof of concept for XRF and XRT technologies.

Ore sorting is a process stage for separation and upgrading of run of mine ore based on its grade, composition and physical properties. Key benefits include delivering an upgraded material stream to the processing plant by rejecting waste and problematic lithologies, thereby enhancing processing efficiency and reducing operating costs. Improvements in metal recovery may also be achieved.

Results from ore sorting trials done so far on Valencia samples indicate:

Gamma sorting amenability work showed that uranium concentration is well correlated with sorting sensor detection peaks.
XRF amenability testing demonstrated a strong calibration accuracy with uranium grades, suggesting that uranium upgrading is achievable with a decrease in mass pull.

Given the positive outcome, a decision was made to conduct further confirmatory testwork, which is currently in progress and for which results are expected before end of Q2 2025.

This work includes:

Detailed XRF testing with machine learning and fine calibration and scanning of variability samples over approximately 440m of drill core from the Valencia deposit.
Scouting XRT ore sorting amenability testing on variability samples from Valencia deposit.

The results will be used to determine the ongoing testwork and technology appraisal, including economic evaluation.

Qualified Persons Statement for Metallurgy
Mr Aveshan Naidoo is a Specialist Engineer: Hydromet and Economics, for DRA South Africa Projects (Pty) Ltd of Building 33, Woodlands Office Park, 20 Woodlands Drive, Woodlands, Sandton, 2080. He holds a Bachelor of Science in Chemical Engineering from the University of KwaZulu-Natal and a Master of Business Administration from the University of Witwatersrand. He is a registered Professional Engineer with the Engineering Council of South Africa (Registration No. 20130523). Mr Naidoo has been practising his profession continuously since 2008 and has 16 years of experience across a range of African projects. He is familiar with NI 43-101 and, by reason of his education, experience, and professional registrations, he fulfils the requirements of an independent Qualified Person as defined in NI 43-101.

________________________________________________________________________________________________

About Forsys Metals Corp.
Forsys Metals Corp. (TSX: FSY, FSE: F2T, NSX: FSY) is an emerging uranium developer focused on advancing its wholly owned Norasa Uranium Project, located in the politically and uranium friendly jurisdiction of Namibia, Africa. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). Further information is available at the Company website www.forsysmetals.com

On behalf of the Board of Directors of Forsys Metals Corp. Richard Parkhouse, Investor Relations. For additional information please contact:

Pine van Wyk, Country Director, Forsys
email: [e-mail]

Richard Parkhouse, Investor Relations
email: [e-mail]
email: [e-mail]

Forward Looking Statement

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca. The forward-looking statements included in this press release are made as of the date of this press release and Forsys Metals Corp disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

___________________

1 The Norasa Uranium Project (“Norasa“) is wholly owned by the Company’s 100% subsidiary Valencia Uranium (Pty) Ltd. (“Valencia Uranium”) and comprises the Valencia uranium deposits (held under ML-149) ("Valencia”) and the Namibplaas uranium deposit (under EPL-3638) (“Namibplaas”), located in the Erongo region of Namibia.

[Lone Clone]

Vital Battery Metals Announces Letter of Intent to Acquire the Corvo Uranium Project in the Athabasca Basin

Corvo Uranium Project Highlights

More than 29 km of exploration strike length along three strong NE-SW magnetic low trends coincident with EM conductors and cross-cutting faults, providing highly prospective shallow drill targets.
Uranium mineralization is present along a strike length of 800 metres between historical drill holes TL-79-3 (0.057% U3O8 over 3.5 m) and TL-79-5 (0.065% U3O8 over 0.1 m) on the Project (defined below), in addition to the Manhattan Showing with historical results of 59,800 ppm U at surface1.
High-resolution geophysical survey – A modern time domain electromagnetic (“TDEM”) survey was recently completed, upgrading drill targets through definition of the three main conductor trends.


https://www.globenewswire.com/news-release/2025/04/07/3056684/0/en/Vital-Battery-Metals-Announces-Letter-of-Intent-to-Acquire-the-Corvo-Uranium-Project-in-the-Athabasca-Basin.html

April 07, 2025 08:00 ET | Source: Vital Battery Metals Inc

VANCOUVER, British Columbia, April 07, 2025 (GLOBE NEWSWIRE) -- Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM | OTC: VBAMF | FRA: C0O

[Lone Clone]

Vanguard Mining Signs LOI to Acquire 90,000 ha Uranium Concessions Adjacent to UEC's 8.96M lb Yuty Deposit in Paraguay

https://thenewswire.com/press-releases/1AlpFv6dM-vanguard-mining-signs-loi-to-acquire-90-000-ha-uranium-concessions-adjacent-to-uec-s-8-96m-lb-yuty-deposit-in-paraguay.html

Vancouver, BC – TheNewswire - April 8, 2025 – Vanguard Mining Corp. ("Vanguard" or the "Company") (UUU: CSE) (RECHF: OTC) (SL5: Frankfurt)

[Lone Clone]

Standard Uranium Executes Letter of Intent to Option Corvo Project in Eastern Athabasca Basin

https://www.newsfilecorp.com/release/247531/Standard-Uranium-Executes-Letter-of-Intent-to-Option-Corvo-Project-in-Eastern-Athabasca-Basin

April 07, 2025 7:00 AM EDT | Source: Standard Uranium Ltd.

Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0)

[Lone Clone]

Foremost Clean Energy Commences 2025 Drilling Program at Hatchet

Uranium Project The Hatchet Drill Program is expected to test for extensions of known uranium mineralization and new targets based on previously identified anomalous pathfinder elements and hydrothermal alteration

https://www.globenewswire.com/news-release/2025/04/04/3055896/0/en/Foremost-Clean-Energy-Commences-2025-Drilling-Program-at-Hatchet-Uranium-Project.html

April 04, 2025 08:00 ET | Source: Foremost Clean Energy Ltd.

VANCOUVER, British Columbia, April 04, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) an emerging North American uranium and lithium exploration company, is pleased to announce the commencement of its 2025 exploration drill program (the “Drill Program”) at the Hatchet Lake Uranium Project ("Hatchet"), located in the world-renowned Athabasca Basin of northern Saskatchewan. The 2,000 metre helicopter-supported diamond drill program commenced recently and is being conducted on behalf of Foremost by Dahrouge Geological Consulting (“DGC”). Drill testing during this program is expected to evaluate the project’s top exploration prospects at both the Tuning Fork target area (“Tuning Fork”) and Richardson target area (“Richardson”).

“We are excited to commence this fully-funded drill program at Hatchet.” said Jason Barnard, Foremost’s President and CEO, “This program represents a significant step forward for Foremost, launching our first exploration drill program in the Athabasca Basin, designed to evaluate several discovery-ready target areas on well-situated and advanced exploration project that is part of our unique collaboration with Denison Mines Corp. (‘Denison’). Our drill targets for this program have been designed to test interpreted structures and conductive breaks identified based on the wealth of historic exploration already completed on this exciting property.”

Hatchet is located within 1.5 km of the Athabasca Basin margin, which results in shallow sandstone cover (less than 220 metres) and corresponding shallow exploration targets, enabling efficient and cost-effective drill testing. The upcoming 2025 drill campaign plans to capitalize on this advantage, including multiple drill holes to advance the evaluation of several target areas – each of which are highly prospective and have potential for discovery or which will benefit in future drill programs from additional reconnaissance.

Tuning Fork

The shallow drill targets at Tuning Fork (Figure 1) comprise 1,000 m of the planned drilling with an unconformity depth ranging from 120 – 160m. Historical and the 2024 drilling program have identified prominent structures and alteration along conductive trends identified via ground electromagnetic (“EM”) surveys that are coincident with previously identified mineralization that is located near structures at the unconformity. A folded conductive package of graphitic metasediments adjacent to the structure underscores the key elements for uranium mineralization.




Figure 1 – Tuning Fork - 2025 drilling target locations and proposed drillholes

Richardson

The balance of drilling at Hatchet during this program (~1,000 m) is planned to consist of follow up drilling and reconnaissance drilling at the Richardson target area. A series of discrete linear EM conductive anomalies (~7 km in total length) comprise the Richardson target area. Historical drilling (Figure 2) has confirmed the presence of mineralization along the conductive trend at and immediately below the unconformity. Follow up drilling is designed to test the continuity of mineralization along strike and obtain structural data on mineralized structures identified in historical holes. Additional drilling is expected to test certain prospective unexplored conductive trends to evaluate the potential to host uranium mineralization.




Figure 2 – Richardson Trend - 2025 drill targets and proposed drillholes

Qualified Person

The technical content of this news release has been reviewed and approved by Jordan Pearson, P. Geo., Project Geologist for Dahrouge Geological Consulting Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and reviewed the content of this press release.

A qualified person has not performed sufficient work or data verification to validate the historical results in accordance with National Instrument 43-101. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program.

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 option agreement with Denison, 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 disapproves the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/944be972-3283-46fb-a0b0-9fcbf8b2bdb6https://www.globenewswire.com/NewsRoom/AttachmentNg/ce7e01d3-b9c4-4b9f-8c0b-f6e3a86dfb80

[Lone Clone]

Aero Energy and Kraken Energy Combine to Create a Premier North American Uranium Developer

https://www.newsfilecorp.com/release/247039/Aero-Energy-and-Kraken-Energy-Combine-to-Create-a-Premier-North-American-Uranium-Developer

April 02, 2025 7:00 AM EDT | Source: Kraken Energy Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero") and Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) (FSE: F2C) ("Kraken") are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") dated April 1, 2025, whereby Aero will acquire all of the issued and outstanding shares of Kraken (the "Kraken Shares") pursuant to a plan of arrangement (the "Transaction").

The Transaction is valued at approximately $0.02754 per Kraken Share (the "Purchase Price") or approximately $1.64 million. The Purchase Price represents a premium of 20% to the 15-day volume-weighted average trading price of the Kraken Shares on the Canadian Securities Exchange (the "CSE").

Transaction Highlights and Benefits to Shareholders:

Broader Uranium Asset Footprint: Combines Aero's Athabasca Basin uranium assets with Kraken's U.S. uranium assets, building a robust, dual-jurisdiction portfolio that reduces risk and increases potential returns for all shareholders.

Strategic Stake in America: Locks in Aero shareholders' access to U.S. uranium upside, capitalizing on the rising priority of domestic assets in a shifting energy landscape.

Gateway to Athabasca Upside: Secures Kraken shareholders' (the "Kraken Shareholders") access to Aero's Athabasca Basin potential, tapping into a world-class uranium district amid a surging market.

Fair Premium: Offers Kraken Shareholders a 20% premium over the 15-day volume-weighted average price of the Kraken Shares, ensuring a fair valuation as the merger seals their stake in a stronger company.

U.S Permitting Boost: Leverages the Trump Administration's fast-track permitting push, enabling the merged company to secure the Apex Property's stalled drill approvals and potentially unleash U.S. asset value for all shareholders in 2025.

Elevated Market Presence: Boosts the merged company's visibility and peer standing upon closing, paving the way for stronger investor interest and share momentum.

Strong Leadership Edge: Combines experts with proven uranium discovery records and deep Canadian-U.S. capital markets experience, fortifying the merged entity's development prospects.

Board Support: The Arrangement Agreement has been unanimously approved by the board of directors of each of Aero and Kraken. The Kraken board of directors (the "Kraken Board") has unanimously recommended that Kraken Shareholders vote in favour of the Transaction.

Shareholder Support: All of the directors and executive officers of Kraken, representing in aggregate approximately 8% of the issued and outstanding Kraken Shares, have agreed to vote in favour of the Transaction.

Galen McNamara, CEO and Director of Aero, stated: "We're proud to merge with Kraken and create a leading uranium explorer that delivers substantial value to shareholders of both companies. By uniting Aero's Athabasca Basin strengths with Kraken's U.S. assets, we're positioned to unlock permits, scale effectively, and capture the uranium market's momentum with certainty."

Brian Goss, CEO and Director of Kraken, stated: "We welcome this merger with Aero as a decisive step to deliver strong returns for shareholders of both companies. Aero's exploration strength and capital expertise bolster our U.S. assets, notably the Apex Property. Our recent permitting efforts at Apex have demonstrated our ability to work with the USFS to get to drilling in the near future. This transaction will clear the path through permitting to capitalize on the uranium market's growth with proven resolve."

Transaction Details

Pursuant to the terms of the Arrangement Agreement, all of the issued and outstanding Kraken shares will be exchanged for Aero common shares (the "Aero Shares") on the basis of 0.97037 Aero Shares for each Kraken Share (the "Exchange Ratio"). The Purchase Price represents a premium of 20% to the 15-day volume-weighted average trading price of the Kraken Shares on the CSE.

As of the date hereof, there are 59,690,981 Kraken Shares issued and outstanding and 121,927,277 Aero Shares issued and outstanding. Upon completion of the Transaction, Aero is expected to have approximately 169,978,517 Aero Shares issued and outstanding, on an undiluted basis. Approximately 68% of the Aero Shares are expected to be held by the current shareholders of Aero, and approximately 32% of the Aero Shares are expected to be held by the former Kraken Shareholders.

The Transaction will be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia), requiring the approval of: (i) at least 66 2/3% of the votes cast by Kraken Shareholders; and (ii) if, and to the extent required, a majority of the votes cast by Kraken Shareholders, excluding votes attached to Kraken Shares held by any person as required under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, at a special meeting of Kraken Shareholders expected to be convened in June, 2025 (the "Kraken Meeting"). An information circular providing further information of the Transaction will be provided to Kraken Shareholders in connection with the Kraken Meeting.

In addition to Kraken Shareholder and Court approvals, the Transaction is subject to approval of the TSX Venture Exchange, the CSE and the satisfaction of certain other closing conditions customary in transactions of this nature. The Transaction is expected to close in June, 2025.

All outstanding stock options of Kraken will be exchanged for options of Aero and all warrants of Kraken will become exercisable to acquire Aero Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.

The Arrangement Agreement includes certain customary provisions, including non-solicitation provisions, as well as certain representations, covenants and conditions which are customary for a transaction of this nature. The Arrangement Agreement also includes provision for the payment of a break fee of $250,000 by Kraken to Aero in the event that it is terminated under certain circumstances.

The board of directors of Aero following the closing of the Transaction is expected to consist of five members with three nominees from Aero and two nominees from Kraken. Upon closing the Transaction, Galen McNamara will serve as CEO and Director, and Martin Bajic will serve as CFO, of Aero.

A copy of the Arrangement Agreement will also be filed on Aero's and Kraken's company profiles on SEDAR+ at www.sedarplus.ca.

None of the securities to be issued pursuant to the Transaction have been, or will be, registered under the United States Securities Act of 1933, or any state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

Kraken Shareholder Support

All of the directors and executive officers of Kraken have entered into voting support agreements pursuant to which they have agreed, subject to the terms thereof, to vote their Kraken Shares, representing in aggregate approximately 8% of the issued and outstanding Kraken Shares, in favour of the Transaction.

Recommendation of the Kraken Board of Directors

The Kraken Board, after seeking and considering advice from financial and legal advisors, has unanimously determined that the Transaction is in the best interests of Kraken and the Kraken Shareholders, the Purchase Price is fair, from a financial point of view, to the Kraken Shareholders and has unanimously recommended that Kraken Shareholders vote in favour of the resolutions approving the Transaction and related matters at the Kraken Meeting.

Advisors and Fairness Opinion

Forooghian + Company Law Corporation is acting as legal advisor to Aero. McMillan is acting as legal advisor to Kraken.

Evans and Evans, Inc. has provided an opinion to the Kraken Board to the effect that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the Purchase Price is fair, from a financial point of view, to Kraken Shareholders.

Aero Project Overview

Aero is advancing a district-scale uranium exploration effort in Saskatchewan's Athabasca Basin, managing a 250,000-acre land package in the historic Uranium City district along the basin's northern rim. The company's flagship properties-the Sun Dog Project, the Strike Project, and the Murmac Project-are secured through separate option agreements: one with Fortune Bay Corp. for the Strike Project and the Murmac Project, and another with Standard Uranium Ltd. for the Sun Dog Project. Aero can earn up to a 70% interest in the Strike Project and the Murmac Project and a 100% interest in the Sun Dog Project by making annual cash and share payments as well as completing certain amounts of work on each property. These projects target high-grade, basement-hosted uranium deposits, leveraging modern techniques to explore graphitic shear zones largely overlooked by historical efforts focused on surface prospects. Aero's 2024 maiden drill programs across the Murmac Project and the Sun Dog Project underscore this potential, with a notable discovery at the Murmac Project's Howland Lake North target intersecting 8.4 meters at 0.3% U3O8, including peaks of 13.8% U3O8 over 0.1 meters, just 64 meters below surface.

The Sun Dog Project spans 48,443 acres across nine mining claims, located 15 km from Uranium City, and includes the historical Gunnar Uranium Mine, which produced 18 million pounds of U3O8 from 1953 to 1981, once making it the world's largest uranium producer. Aero's 2024 exploration included drilling eight holes totaling 1,600 meters, targeting shallow, high-grade basement-hosted mineralization at the Wishbone area. This followed summer prospecting that returned surface assays up to 13.0% U3O8. Historical exploration here chased lower-grade "Beaverlodge-style" deposits, missing the unconformity-related systems Aero now pursues. With over 40 km of untested electromagnetic conductors, the Sun Dog Project offers significant discovery potential, bolstered by recent mapping and geophysical data identifying multiple high-priority drill targets.

The Murmac Project, covering 25,607 acres in 17 claims near Uranium City, complements the Sun Dog Project with its own 30 km of prospective graphitic corridors. Aero's 2024 exploration included drilling eight holes totalling 1,550 meters, hitting anomalous radioactivity in 75% of them and confirming the company's thesis of the presence of untapped basement-hosted deposits. Historical showings at the Murmac Project exceed 1% U3O8, with grades up to 8.82% U3O8, but past efforts largely focused on surface outcrops, leaving deeper graphite-rich shear zones untested. The 2024 highlight-hole M24-017's high-grade intercept-validates Aero's focus on shallow targets (20-150 meters deep), with over 70 km of graphitic horizons across the Murmac Project and the Sun Dog Project remaining largely unexplored.

The Strike Project, spanning 24,711 acres in four claims, rounds out Aero's portfolio, located 25 km from Uranium City. It hosts the historical Tena Zone, where over 1,000 tons were mined in the 1950s at grades of 0.6% to 3.5% U3O8. Fortune Bay's 2022 first-pass drilling intersected uranium in three of nine holes, while Cameco's earlier work identified high-quality geophysical targets along the J, K, and L conductors. With 14 additional conductor targets ready and historical showings up to 27% U3O8, the Strike Project adds further upside. Together, Aero's projects leverage a combined 125 km of target horizons, positioning the company to capitalize on the uranium market's resurgence with a robust, multi-asset strategy.

Kraken Project Overview

Kraken's 100% owned Apex Property, situated 280 km east of Reno, Nevada, covers the past producing Apex uranium mine1. The 14,892 acre project targets a 17.5 km mineralized trend identified through advanced radon surveys and geophysical data. Discovered in September 1953 by prospectors, the project was initially explored as a silver prospect before uranium became the focus, with the Apex Minerals Corporation leasing the site in August 1954. Operations commenced with shallow open-pit mining and later expanded to underground workings, extracting an estimated 45 metric tonnes of U3O8-equivalent to roughly 100,000 pounds-until closure in 1968, driven by declining uranium demand as federal incentives waned. The uranium mineralization occurs along a contact zone between Jurassic quartz monzonite (the Austin stock) and folded Paleozoic metasediments, including quartzites and shales, with ore bodies enriched by fractures and brecciated zones near east-trending rhyolite dikes. Production peaked in the 1950s and 1960s, with ore shipped to processing facilities in Utah and Oregon.

Early efforts by Apex Minerals Corporation and subsequent operators involved extensive shallow rotary and core drilling in close proximity to the Apex mine, with records indicating intercepts such as 34.1 meters at 0.37% U3O8 and 15.2 meters at 0.51% U3O8, as noted in Nevada Bureau of Mines files from 1959 by Mining Geologist Harry Hughes1,2. Other standout results included intersections of 25.6 meters at 0.23% U3O8 and 17.7 meters at 0.36 U3O8.

Since 2021, Kraken has been working diligently with the Humboldt-Toiyabe National Forest ("HTNF") to secure drill permits for its Apex Property, navigating a thorough process shaped by the HTNF's development of a new forest-wide Uranium Safety Management Plan. Kraken submitted a revised Plan of Operations in spring 2023 and completed comprehensive archaeological and biological studies in 2023-2024, including a productive site visit with HTNF officials in September 2024. The introduction of the safety plan reflects the HTNF's commitment to responsible resource management, and Kraken appreciates the collaborative effort to ensure all standards are met. With the Trump administration's March 20, 2025, Executive Order emphasizing domestic mineral production, permitting timelines are expected to align more swiftly with national priorities, and Kraken anticipates drill permit approvals by late Q3 or early Q4 of this year with drilling potentially resuming immediately as permits are received.

The Apex Property presents significant exploration upside beyond the historically mined zones of the 1950s and 1960s. The 13.5 km-long mineralized trend, identified through advanced radon surveys and geophysical data, stretches across the property, with the original Apex Mine workings representing only a small, localized portion of this system. Recent geological mapping and surface sampling have pinpointed multiple untested targets, including parallel fault zones and brecciated contacts between the Jurassic quartz monzonite and Paleozoic metasediments, where grab samples have returned values up to 0.12% U3O8 across broad, undrilled areas. These results underscore the opportunity for fresh uranium discoveries beyond the historically mined areas.

Qualified Persons

All scientific and technical information in this news release relating to the mineral projects of Aero has been prepared by or reviewed and approved by Galen McNamara, P.Geo., CEO of Aero. Mr. McNamara is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

All scientific and technical information in this news release relating to the mineral projects of Kraken has been prepared by or reviewed and approved by Garrett Ainsworth, P.Geo., Chairman of Kraken. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Aero Energy

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 - the Sun Dog Project, the Strike Project, and the Murmac Project - 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 Athabasca Basin's emerging potential for high-grade, unconformity-style mineralization.

For more information about Aero, please visit: aeroenergy.ca.

About Kraken Energy

Kraken is an energy company advancing its portfolio of high-grade uranium properties in the Unites States. Kraken is advancing its 100%-owned Apex Uranium Property, located 280 km (174 miles) east from Reno, Nevada which is recognized as Nevada's largest past-producing uranium mine. Kraken has an option to earn 100% of the Garfield Hills Uranium Property. The past-producing Garfield Hills Uranium Property covers 1,238 ha (3,060 acres) and is located 19 km (12 miles) east of Hawthorne in Mineral County, Nevada. Kraken has also staked the Huber Hills Uranium Property, located 136 km (85 miles) north of Elko, Nevada which covers 1,044 ha (2,580 acres) and encompasses the historic Race Track open pit mine. Kraken has an option to earn 75% of the Harts Point Uranium Property. The Harts Point Uranium Property covers 2,622 ha (6,480 acres) and is located 49 km (30 miles) northwest of Monticello in San Juan County, Utah.

For more information about Kraken, please visit: www.krakenenergycorp.com.

On Behalf of the Boards of Directors

"Galen McNamara" "Brian Goss"
Chief Executive Officer, Aero Energy Limited Interim CEO, President and Director, Kraken Energy Corp.
[e-mail]
[phone]



References

Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist.
Nevada Bureau Mines File 38900096, Transverse Section Through Drilled Orebody, Apex Minerals Corp 1959, by Harry Hughes, Mining Geologist

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

Certain information contained herein may constitute forward-looking statements and information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, that involve known and unknown risks, assumptions, uncertainties and other factors. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements may be identified by words like "anticipates", "estimates", "expects", "indicates", "forecast", "intends", "may", "believes", "could", "should", "would", "plans", "proposed", "potential", "will", "target", "approximate", "continue", "might", "possible", "predicts", "projects" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release include but are not limited to: statements about the implied value of the Transaction and the Purchase Price which are subject to change with the trading values of each of the Aero Shares and Kraken Shares prior to closing of the Transaction; the strategic rationale for, and anticipated benefits from, the Transaction, all as more particularly set forth under the heading "Transaction Highlights and Benefits to Shareholders" in this press release; Kraken's ability to potentially fast-track the timeframe for obtaining permits at the Apex Property; that the Transaction is anticipated to close in early June, 2025; the timing of the Kraken Meeting; and all statements about strategy, plans, objectives, and priorities.

This press release also contains forward-looking statements concerning the anticipated completion of the Transaction and the anticipated timing thereof. Aero and Kraken have provided these anticipated times in reliance on certain assumptions that it believes are reasonable, including assumptions as to time required to prepare meeting materials for mailing, the timing of receipt of the necessary regulatory, Kraken Shareholder and Court approvals and the satisfaction of, and the time necessary to satisfy, the conditions to the closing of the Transaction. These dates may change for a number of reasons, including unforeseen delays in preparing meeting materials, inability to secure necessary regulatory, Kraken Shareholder or Court approvals in the time assumed or the need for additional time to satisfy the conditions to the completion of the Transaction. In addition, there are no assurances the Transaction will be completed. Accordingly, readers should not put undue reliance on the forward-looking statements contained in this press release concerning the completion of the Transaction or the timing thereof.

Such statements reflect the current views of Aero and Kraken, with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include but are not limited to: that the Transaction is not completed on the timing anticipated or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Arrangement Agreement; the inability to complete the Transaction due to the failure to obtain approval of Kraken Shareholders, the court, regulatory bodies or stock exchanges, as required; the risk that Aero may not be able to realize the anticipated benefits of the Transaction; risks related to capital market liquidity; risks related to the retention or recruitment, or changes required in, officers, key employees or directors following completion of the Transaction; the possibility that Aero and/or Kraken may be adversely affected by other economic, business, and/or competitive factors; the impact of general economic conditions; volatility in market prices for uranium; industry conditions; currency fluctuations; imprecision of reserve estimates; liabilities inherent in uranium operations; environmental risks; incorrect assessments of the value of acquisitions and exploration and development programs; the lack of availability of qualified personnel, drilling rigs or other services; changes in income tax laws or changes in royalty rates and incentive programs relating to the uranium industry including abandonment and reclamation programs; hazards such as fire, explosion, blowouts, and spills, each of which could result in substantial damage to wells, production facilities, other property and the environment or in personal injury; ability to access sufficient capital from internal and external sources; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on resources; general economic and business conditions; risks related to the uranium industry, such as operational risks in exploring for, developing and producing uranium and market demand; pricing pressures and supply and demand in the uranium industry; fluctuations in currency and interest rates; risks related to debt agreements and access to capital; inflation; risks of war, hostilities, civil insurrection, pandemics and epidemics, and general political and economic instability; severe weather conditions including wildfires and risks related to climate change; terrorist threats; risks associated with technology; changes in laws and regulations, including environmental, regulatory and taxation laws, and the application of such changes to Aero and/or Kraken's future business; availability of adequate levels of insurance; and difficulty in obtaining necessary regulatory approvals and the maintenance of such approvals. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.

With respect to forward-looking statements contained in this press release, Aero and Kraken have made assumptions regarding, among other things: the satisfaction of the conditions to completion of the Transaction, including the timely receipt of required Kraken Shareholder, Court, regulatory and stock exchange approvals, as required; the ability of Aero to realize benefits and efficiencies with respect to the Transaction; future uranium prices; future currency exchange rates and interest rates; ability to obtain equipment and services in a timely manner to carry out development activities; ability to market uranium successfully to current and new customers; the impact of competition; the general stability of the economic and political environments in which Aero and Kraken operate; the ability to obtain qualified staff, equipment and services in a timely and cost efficient manner; that Aero and Kraken will have sufficient financial resources required to fund the expenses in connection with the Transaction, capital and operating expenditures and other requirements as needed; that Aero will have the ability to develop its uranium properties in the manner currently contemplated; and other matters. Although Aero and Kraken believe that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the foregoing list is not an exhaustive list of all assumptions which have been considered.

Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide Kraken Shareholders with a more complete perspective on Aero's and Kraken's current and future operations and such information may not be appropriate for other purposes. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits may be derived therefrom.

The forward-looking statements contained in this press release speak only as of the date of this press release. Accordingly, forward-looking statements should not be relied upon as representing Aero and Kraken's views as of any subsequent date, and except as expressly required by applicable securities laws, Aero and Kraken do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Kraken Energy Corp.

[Lone Clone]

Dark Star Announces Acquisition of Uranium Project with Historical Resource in Northern Saskatchewan

https://www.newsfilecorp.com/release/246886/Dark-Star-Announces-Acquisition-of-Uranium-Project-with-Historical-Resource-in-Northern-Saskatchewan

April 01, 2025 9:00 AM EDT | Source: Dark Star Minerals Inc.

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") is pleased to announce that it has entered into a non-binding Letter of Intent dated March 31, 2025 ("LOI") with two arms length vendors (together, the "Vendors") to acquire a 100% interest in the Bleasdell Lake uranium project (the "Bleasdell Project" or "Project") consisting of over 515 Hectares in Northern Saskatchewan, Canada (the "Acquisition").

The Project has had significant historic exploration and development including a historic deposit consisting of 620,700 lbs of U3O8 delineated by over 148 drill holes drilled to various depths between 22.9 meters (75 feet) and 149.4 meters (490 feet) for a total of 3,738.6 meters (12,265.9 feet) with a historical report outlining the main 'Horn zone' as "1,030 feet long and 25-30 feet wide" with assays up to .54% U3O8.

The 1957 Bleasdell Lake historic resource was disclosed in a shareholder report for Columbia Metals Exploration Co. Ltd., dated Nov. 9, 1957. There is no technical report. The historic resource is relevant to the potential of the Bleasdell Lake property and is reliable as it was calculated to the standards of the day. The estimate was based on closely spaced shallow drill holes and more widely spaced deeper drill holes. The calculations, methods or parameters were not disclosed in the shareholder report. The resource would be comparable with a current inferred resource. There are no more recent estimates though subsequent geologists visited the property in the 1960s and 1970s, confirming the showings and the drilling was completed. The company will need to twin a significant number of the historic drill holes to upgrade or verify the historical estimate as current mineral resources.

Drill Permits are pending for 4,000 meters (13,123.4 feet) of resource confirmation and expansion drilling. (See Figure 1).

"We are excited at the opportunity to acquire the Bleasdell Project along with its hosted historical expandable deposit consisting of 620,700 lbs U3O8," said Marc Branson, President, Chief Executive Officer and a director of Dark Star. "Saskatchewan is known to host some of the highest-grade Uranium deposits in the world and we are thrilled to have the opportunity to add this extensively drilled prospect with drill permit applications in place to both confirm and expand upon the work done by previous explorers and developers. We now have a prospective 28,000 Hectare position in the Central Mineral Belt (CMB), contiguous to major deposits owned by peers Atha and Paladin, where we have just commenced our 2025 exploration and development season. Now, Dark Star is executing on the proposed acquisition of this prospective historical deposit in Northern Saskatchewan. The board of Dark Star has provided me a clear mandate to explore, develop and acquire in preparation for looming shortfalls in the need for uranium supply as the world gears up for the expansion and deployment of proposed nuclear power plants and small modular reactors, happening on a global scale."



Figure 1. Bleasdell Project Historical Deposit and Drilling Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9815/246886_904b9298b4f5e8e8_002full.jpg

About Bleasdell Lake Uranium Project (Historical Deposit)

The Bleasdell Project hosts a 1957 historic resource of 620,700 pounds of U3O8 (triuranium octoxide), identified within the Horn and Jackpine zones. This historic estimate was originally reported in a shareholder report for Columbia Metals Exploration Co. Ltd. dated November 9, 1957 (the "1957 Report"). The estimate, which was calculated using the standards of the time, is based on data from closely spaced shallow drill holes and more widely spaced deeper drill holes. While the historic resource is considered relevant to the potential of the Bleasdell Project, there is no technical report, and the calculations, methods, or parameters used were not disclosed in the 1957 Report. Consequently, a Qualified Person, as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has not completed sufficient work to classify the historical estimate as a current mineral resource.

The 1957 Report states a total of 148 drill holes were drilled between 1956-1957 for a total of 3,738.6 meters (12,265.9 feet) with drilling depths of between 22.9 meters (75 feet) and 149.4 meters (490 feet) with drilling ongoing at the time of publication. The 1957 Report goes on to state "The BLEASDELL prospect is well positioned for economic development."



Figure 2. Excerpt from 1957 Report

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9815/246886_904b9298b4f5e8e8_003full.jpg

Follow-up exploration is intended to focus on the historically drilled Horn and Jackpine zones, which are recognized for uranium-bearing pegmatite dykes. Historic trenching results included 91 meters averaging 0.12% U3O8 over 2.56 meters and 33.5 meters averaging 0.62% U3O8 over 1.21 meters. Moreover, three additional zones on the property have been identified by previous modern-day explorers as opportunities for deposit expansion.

The Company acknowledges that to upgrade or verify the historical estimate as a current mineral resource, significant twinning of the historic drill holes will be necessary. As such, Darkstar is not treating the historical estimate as a current mineral resource at this time.

The Letter of Intent

The Company has agreed to acquire a 100% interest in the Project subject to making the following:

a cash payment of $25,000 from Dark Star to the Vendors within five (5) days of the execution of the LOI;

a cash payment of $75,000 from Dark Star to the Vendors within fifteen (15) days of receipt by Dark Star of approval from the Canadian Securities Exchange ("CSE") with respect to the Acquisition ("CSE Approval");

a cash payment of $150,000 from Dark Star to the Vendors within six (6) months of the entry into of a definitive agreement with respect to the Acquisition;

the issuance of 5,000,000 common shares (each, a "Share") of Dark Star at a deemed price per Share equal to the greater of: (i) $0.06 per Share; and (ii) the lowest permitted price per Share pursuant to the policies of the CSE, to the Vendors on a pro rata basis within fifteen (15) days of receipt by Dark Star of CSE Approval; and

the granting a 2.0% net smelter return royalty on the Project in favour of the Vendors (the"Royalty");

The terms of the Royalty will be governed by a net smelter return royalty agreement (the "Royalty Agreement") to be entered into among Dark Star and the Vendors at closing of the Acquisition (the "Closing"). The Royalty Agreement will include a 1.0% buy-back right in favour of Dark Star (the "Buy-Back Right") which can be exercised by the Company at any point prior to commercial production from the Project upon the cash payment by Dark Star to the Vendors of $1,000,000.

Qualified Person

Jeremy Hanson, P. Geo., a Qualified Person as that term is defined under NI 43-101, is an advisor to the Company and has reviewed and approved the technical aspects of this news release.

About Dark Star Minerals Inc.

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

For further information please contact:

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

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future, including but not limited to, the receipt by the Dark Star of CSE Approval. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of uranium exploration, the availability of the financing required for the Company to carry out its planned future activities, and the availability of and the ability to retain and attract qualified personnel. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's SEDAR+ profile. Ongoing labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

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

SOURCE: Dark Star Minerals Inc.

[Lone Clone]

Azincourt Energy Planning Geophysics Program at East Preston Project, Athabasca Basin

The East Preston uranium project is one of two strategic Canadian uranium projects being advanced by Azincourt

The Company intends to conduct follow up exploration at clay alteration zones discovered at East Preston in 2023/2024

https://www.newsfilecorp.com/release/246836/Azincourt-Energy-Planning-Geophysics-Program-at-East-Preston-Project-Athabasca-Basin

April 01, 2025 3:00 AM EDT | Source: Azincourt Energy Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company"), provides an update on proposed exploration activities at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.

SUMMARY

The East Preston uranium project is being advanced by Azincourt in addition to its recently acquired Snegamook Uranium Deposit - which the Company intends to advance to resource status in its 2025 work program.

The East Preston project is located near the southern edge of the western Athabasca Basin, along a parallel conductive trend between the PLS-Arrow trend and Cameco's Centennial deposit (Virgin River-Dufferin Lake trend).

Three prospective conductive, low magnetic signature corridors have been discovered at East Preston. The targets are basement-hosted unconformity related uranium deposits similar to NexGen's Arrow deposit and Cameco's Eagle Point mine.

Azincourt intends to conduct follow-up exploration programs to continue testing the clay alteration zones with elevated uranium that were identified in the winters of 2023 and 2024, with a focus on the K and H Zones (areas of dravite and kaolinite clay alteration zones - see figures 2, 3 below).

Fall 2025 Geophysical Program

The Company is planning a geophysical program for the fall of 2025 on portions of the East Preston project. The feasibility of a radon flux survey over portions of the K- and H-Zones to assist in refining drill targets within previously identified alteration zones is being explored. This type of survey has been useful in highlighting radon anomalies which have either confirmed or led to the discovery of several uranium showings and deposits, including Azincourt's recently acquired Snegamook Deposit in the Central Mineral Belt in Labrador.

Winter 2026 Diamond Drilling Program

The Company is also planning for a potential follow-up drill program for the winter of 2026, consisting of up to 1,500 meters of drilling in 5 diamond drill holes. The focus of this program would be to continue testing the clay alteration zone with elevated uranium that was identified in the winters of 2023 and 2024 with a focus on the K and H Zones (Figure 2). Targets will be refined with results from the Radon flux survey carried out in the fall.

The program is anticipated to utilize one helicopter supported drill rig based from a local contractor camp. The use of a helicopter for support results in reduced disturbance due to not needing to open an access road to site. Drill and crew mobilization to site would commence as early as mid to late February when daylight hours are long enough to facilitate reasonable working conditions.

The planned budget for these programs is C$1.7-2mm. More details will be released as plans are refined and the Company commences preparations.

"We would like to continue our work on East Preston and to take a closer look at the clay alteration in the K- and H- Zones", commented VP Exploration Trevor Perkins. "This alteration zone indicates that we are on to something. A significant number of deposits in the Athabasca Basin have been found by identifying and chasing these types of alteration patterns. In the short term, we will continue to adopt techniques to assist in narrowing our focus and see where this trend takes us," continued Mr. Perkins.

East Preston Targets

The primary target area on the East Preston Project is the conductive corridors from the A-Zone through to the G-Zone (A-G Trend) and the K-Zone through to the H and Q-Zones (K-H-Q Trend) (Figure 2). The selection of these trends is based on a compilation of results from the 2018 through 2020 ground-based EM and gravity surveys, property wide VTEM and magnetic surveys, and the 2019 through 2022 drill programs, the 2020 HLEM survey indicates multiple prospective conductors and structural complexity along these corridors.

Drilling has confirmed that identified geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides, and carbonates. Hydrothermal alteration, anomalous radioactivity, and elevated uranium have been demonstrated to exist within these structurally disrupted conductor zones.

East Preston Project

Azincourt controls a majority 86.5% interest in the 21,000 hectare East Preston Project. Three prospective conductive, low magnetic signature corridors have been discovered on the property. The three distinct corridors have a total strike length of over 25 km, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery.

The East Preston Project has multiple long linear conductors with flexural changes in orientation and offset breaks in the vicinity of interpreted fault lineaments - classic targets for basement-hosted unconformity uranium deposits. These are not just simple basement conductors; they are clearly upgraded/enhanced prospectively targets because of the structural complexity.

The targets are basement-hosted unconformity related uranium deposits similar to NexGen's Arrow deposit and Cameco's Eagle Point mine. East Preston is near the southern edge of the western Athabasca Basin, where targets are in a near surface environment without Athabasca sandstone cover - therefore they are relatively shallow targets but can have great depth extent when discovered. The project ground is located along a parallel conductive trend between the PLS-Arrow trend and Cameco's Centennial deposit (Virgin River-Dufferin Lake trend).

Permitting and Community Relations

Permits are in hand to conduct exploration activities at the East Preston property through the summer of 2026. Azincourt recognizes that the granting of these permits does not negate the rights of the local communities for meaningful consultation as the project progresses. The Company looks forward to a continued close working relationship and regular consultation with the Clearwater River Dene Nation and other rights holders to ensure that any potential impacts and concerns are addressed and that the communities can benefit from activities in the area through support of local business, employment opportunities, and sponsorship of select community programs and initiatives. Local businesses are engaged to provide services and supplies and members of the Clearwater River Dene Nation and surrounding communities have been directly employed on site or to provide support and services to keep the camp and programs running. The involvement of the local communities is essential for continued advancement of the East Preston Project.



Figure 1: East Preston Project Location - Western Athabasca Basin, Saskatchewan, Canada. K and H Zones marked with yellow star.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/246836_91dfeb4da4e80a9f_003full.jpg



Figure 2: Zones at the East Preston Uranium Project with the areas of dravite and kaolinite clay alteration highlighted in red, overlain on 2023 drill hole location map.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/246836_figure2.jpg



Figure 3: 2024 East Preston Drill Hole Location map focused on the K and H Zones, which will be the area for follow-up drilling.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/246836_91dfeb4da4e80a9f_008full.jpg

Qualified Person

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

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Snegamook advanced stage uranium project in the Central Mining Belt, Labrador.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

"Alex Klenman"
Alex Klenman, President & CEO

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 press release includes "forward-looking statements", including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. 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.

For further information please contact:

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

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

SOURCE: Azincourt Energy Corp.

[Lone Clone]

Terra Clean Energy Completes Winter Drill Program With Encouraging Results; Plans Significant Summer Drill Program

Six holes intercepted uranium mineralization

Continuity across the deposit confirmed

Drilling expands mineralized footprint

https://thenewswire.com/press-releases/1L7OFQ9JE-terra-clean-energy-corp-completes-winter-drill-program-with-encouraging-results-plans-significant-summer-drill-program.html

Vancouver B.C., April 1st, 2025 – TheNewswire - TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: 9O0

[Lone Clone]

Homeland Grows Coyote Basin & Red Wash Properties Through Staking

Shares Listed on Frankfurt Stock Exchange

https://www.newsfilecorp.com/release/246675/Homeland-Grows-Coyote-Basin-Red-Wash-Properties-Through-Staking-Shares-Listed-on-Frankfurt-Stock-Exchange

March 31, 2025 8:00 AM EDT | Source: Homeland Uranium Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Homeland Uranium Corp. (TSXV: HLU) (FSE: D3U) ("Homeland" or the "Company") is pleased to announce that it has filed Notice of Locations to the US Bureau of Land Management ("BLM") and Rio Blanco and Moffat Counties for 505 new mineral claims staked adjacent to the Coyote Basin and Red Wash Uranium Projects in northwestern Colorado. All the new claims are located on lands where both surface rights and mineral rights are administered by the BLM (see Figure 1).

The new mineral claims overlie areas adjacent to both properties that are considered prospective strike extensions of potential uranium host stratigraphy. At Coyote Basin, a total of 109 new mineral claims were staked covering a total of approximately 2,250 acres (910.9 ha). The claims abut the southwest corner of the Coyote Basin Project where the four known host horizons are believed to be folded into an east-west strike direction that extends westward towards the Red Wash Project (see Figure 2). The Coyote Basin Property now consists of 808 mineral claims and three state leases totaling 18,404.4 acres (7,448.4 ha).

A total of 396 new mineral claims were located adjacent to the Red Wash Project in two separate blocks. The first block abuts the southern end of the Red Wash Property and contains the Urangesellschaft Uranium Occurrence, where an outcrop sample containing 350 ppm U3O8 within sandstone rocks was discovered by previous explorers in the late 1970s. The second block extends eastward from the east end of the Red Wash Project in the direction of the south end of the Coyote Basin Project (see Figure 3). The two new claim blocks contain 396 new claims totaling 8,180.3 acres (3,310.5 ha). The Red Wash Project now consists of 699 mineral claims and two state leases totaling 15,313 acres (6196.9 ha).

Homeland now owns 1507 mineral claims and 5 state leases totaling 33,718.4 acres (13,645.4 ha) in Moffat and Rio Blanco counties in northern Colorado. All 505 new mineral claims are included in the area which is subject to the terms of the Shift Rare Metals-Valleyview Amalgamation Agreement dated August 16, 2024 (the "Amalgamation Agreement"). Under the Amalgamation Agreement, former Shift Rare Metals ("Shift") shareholders and previous debt lenders to Shift are entitled to a milestone payment of US$111,111 in cash and 2,222,222 Homeland shares for every 5 million pounds of U3O8 resources (up to a maximum of 45 million pounds of U3O8) defined on the claims within eighteen months of the signing of the Amalgamation Agreement.

Commencement of Trading on the Frankfurt Stock Exchange

The Company announces that it has commenced trading on the Frankfurt Stock Exchange under the ticker symbol D3U in an effort to broaden its shareholder base.

The scientific and technical information in this news release has been reviewed and approved by Roger Lemaitre, P. Eng, P. Geo, the Company's President & Chief Executive Officer and a Qualified Person (as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects).

About Homeland Uranium Corp.

Homeland is 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.

For further information, please contact:

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

Email: [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 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. Forward-Looking information in this news release includes, but is not limited to, statements with respect to trading of the Company's common shares on the Frankfurt Stock Exchange, prospective strike extensions of potential uranium host stratigraphy of the new claims and the future exploration of the Redwash and Coyote Basin Properties. In making the forward-looking statements, the Company has made certain assumptions, including the impact on trading of the Company's shares on the Frankfurt Stock Exchange and the potential prospectivity of the new mineral claims. 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 develop on the Frankfurt Stock Exchange 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 the Company'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. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook herein except as required by applicable securities laws.



Figure 1 - Location of the recently staked claims and the Coyote Basin and Red Wash Projects

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/246675_figure_1_-_location_of_the_recently_staked_claims_and_the_coyote_basin_and_red_wash_projects.jpg



Figure 2 – Location of the Coyote Basin Project and newly staked claims

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/246675_figure_2__location_of_the_coyote_basin_project_and_newly_staked_claims.jpg



Figure 3 – Location of the Red Wash Project and newly staked claims

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/246675_figure_3__location_of_the_red_wash_project_and_newly_staked_claims.jpg

SOURCE: Homeland Uranium Corp.

[Lone Clone]

Future Fuels Advances District-Scale Exploration Strategy For the Hornby Basin Uranium Project; Provides Marketing Update

https://www.accessnewswire.com/newsroom/en/metals-and-mining/future-fuels-advances-district-scale-exploration-strategy-for-the-hornby-basin-ur-1007476

Monday, 31 March 2025 08:30 AM

VANCOUVER, BC / ACCESS Newswire / March 31, 2025 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) ("Future Fuels" or the "Company") is pleased to announce the commencement of a fully integrated exploration strategy for its 100%-owned Hornby Basin Uranium Project (the "Project" or "Hornby Project"), located in Nunavut Territory, Canada. This multi-phased program is designed to significantly advance the understanding and potential of the Hornby Basin through comprehensive data digitization, advanced geological modeling, remote sensing, and artificial intelligence.

This initiative marks a critical step toward unlocking the full potential of one of Canada's most underexplored yet geologically promising uranium basins.

Comprehensive Data Compilation is Underway: Including digitization of over 200 historical assessment reports, integration of geochemical data (rock, soil, lake samples), and modernizing the Mountain Lake drill hole database.

Geological Model and Exploration Target Development: Industry-leading consultants are engaged to deliver a 3D geological model of the Mountain Lake Deposit contained in the Project, evaluate the potential for an exploration target and commence drill hole planning.


Modern Geophysics and Remote Sensing: Reprocessing of historical geophysical datasets to produce a basin-wide harmonized geophysical database. Undertake satellite spectral analysis including helium emission mapping to identify areas of potential uranium occurrences under sediment cover.


AI-Driven Target Generation: Instigation of VRIFY's advanced machine learning platform to be used for property-wide data integration, deposit-scale target learning, and increased-probability uranium discovery mapping.


Field Season Preparation: Planning exploration activities including ground truthing, potential infill drilling, airborne/ground geophysical surveys, and permitting activities.

"This is a foundational program for Future Fuels," stated Rob Leckie, President & CEO. "We're digitizing decades of inherited exploration data, building advanced geological models, and leveraging AI to guide our next steps. With the Hornby Basin now under single ownership for the first time, we're positioned to apply the full suite of modern technologies to seek new uranium discoveries and build long-term value for shareholders."

Hornby Geologic Overview

The Hornby 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 worldwide nuclear energy industry. The geological similarities and regional proximity to this historic mine emphasize the potential for exploration upside within the Hornby Basin.

The Hornby 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 Basin, Nunavut's Thelon Basin 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 historical deposit, Future Fuels believes the Project has excellent potential to be an effective use case for this modern tech.

The Hornby 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.

Figure 1: Future Fuels Hornby Project with known uranium occurrences shown.




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 1). Readers are encouraged to refer to the Company's technical report in respect of the Hornby Project, available under its profile at www.sedarplus.ca (the "Future Fuels Report"), for greater detail in respect of the occurrences.

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). 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 CAD 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.

Marketing Update

The Company also wishes to announce that it has increased the maximum budget of its engagement with MCS Market Communication Service GmbH ("MCS") for the continued provision of a range of on-line marketing services, including campaign creation, production of marketing materials, as well as research and analytics, by up to an additional 250,000 EUR. The services are expected to run until July 7, 2025, or until budget exhaustion. No securities have been provided to MCS or its principals as compensation.

References

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.
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: @FutureFuelsIn
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, 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.

[Lone Clone]

Foremost Clean Energy Commences Site Preparation for 2025 Drill Program at Hatchet Uranium Project

https://www.globenewswire.com/news-release/2025/03/27/3050493/0/en/Foremost-Clean-Energy-Commences-Site-Preparation-for-2025-Drill-Program-at-Hatchet-Uranium-Project.html

March 27, 2025 08:00 ET | Source: Foremost Clean Energy Ltd.

VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) an emerging North American uranium and lithium exploration company, is pleased to announce that the 2025 winter exploration program (the “Drill Program”) at the Hatchet Lake Uranium Project ("Hatchet"), located in the world-renowned Athabasca Basin of northern Saskatchewan, has commenced. The initial phase of the program is focused on site preparation, including modest clearing and setup of the areas targeted for diamond drill testing, which is expected to begin in the coming days. The Drill Program is designed to follow-up on encouraging results from previous drill programs completed by Denison Mines Corp. (“Denison”) (TSX: DML, NYSE American: DNN), Foremost’s largest shareholder and strategic ally, including multiple intersections of uranium mineralization.

Foremost’s CEO and President Jason Barnard comments: “We are very pleased to launch Foremost’s initial exploration program at Hatchet, which is designed to drill-test high-priority targets. This project is well situated in the heart of the eastern Athabasca Basin, which has allowed Foremost to quickly develop a winter field program by making use of the significant existing infrastructure in the region – most notably the facilities at Points North Landing located near Denison’s 22.5%-owned McClean Lake mill. We expect to have a drill turning in the not-too-distant future and are looking forward to keeping the market up to date with results.

Foremost’s pivot to uranium exploration is well timed, as the uranium market is at a critical juncture, with increasing demand for nuclear power, driven by the global energy transition, the rise of AI, and the need for reliable baseload electricity, met by a shortfall of primary uranium production, requiring new sources of supply to be developed and discovered. Over 30 countries and 160 corporations have pledged to triple nuclear power capacity by 2050, but due to several years of low uranium prices, uranium supply is struggling to keep pace. This imbalance has created a historic opportunity for uranium producers, developers, and explorers, particularly in stable jurisdictions like Canada. With supply tight, demand increasing, and government policies shifting, nuclear energy and uranium are poised for a promising future.

On a corporate note, and on behalf of Foremost and its Board of Directors, I would like to take this opportunity to recognize and sincerely thank Johnathan More for his valuable contributions and leadership during his time on our Board, and wish him continued success in his future endeavors."

Hatchet Lake Drill Program

The initial program is planned to consist of 2,000 metres of diamond drilling in 8 drill holes with target depths of approximately 250 metres each. Drilling is expected to focus on two high priority target areas: Tuning Fork and Richardson.

The program is designed to target sandstone-hosted and basement-hosted uranium mineralization along conductive trends/corridors with known and interpreted fault structures identified by previous drilling, airborne and ground electromagnetic (“EM”) and magnetic geophysical surveys. This targeting methodology aims to maximize the likelihood of intersecting high-grade uranium mineralization similar to existing notable deposits (Cigar Lake, McClean Lake, & McArthur River) in the Eastern Athabasca Basin.

Drill Target Priority

Drill targets have been prioritized to follow-up in areas where previous results with confirmed uranium mineralization are coincident with untested conductive anomalies identified through historical geophysical surveys. The intent is to expand known mineralization and discover additional mineralization by testing several high-potential areas prioritized for follow-up on completion of the 2024 exploration program (see press release March 04, 2025). Key areas of focus include:

2024 drilling identified mineralization of up to 0.11% U3O8 (RL-24-29) along the Richardson conductor (see Figure 1). 2025 drill holes intend to test the extent of the mineralized zone to the NW along the conductive trend. Basement mineralization potential remains untested SE of this zone and is also a priority for 2025
Numerous untested EM conductors exist (up to 700 metres of strike length) over the Richardson claim. Uranium mineralization, alteration, and anomalous geochemistry is proven along tested conductors, which demonstrates the discovery potential of Hatchet. The 2025 drilling campaign plans to test potential sources of the geochemical anomaly
Strongly anomalous geochemistry and graphitic brecciated shear zones intersected in 2024 along the Tuning Fork Trend warrant additional drilling and 2025 drill testing is expected to focus on the up-dip projection of the structure intersected in TF-24-12 (see Figure 2)
Planned drillholes target west of the historical mineralization in HL-10-01 (0.1% U3O8 over 1 metre at 183-184 metres & 0.02% U3O8 over 1metre at 186-187 metres) in a 9 metre fault intersection and recently identified elevated pathfinder elements encountered in TF-24-11

Historical drilling (HT-83-61) contains a 5 m (100 – 105 m) sample of base metal mineralization associated with strong radioactivity in a breccia zone. Structural information is required on this interval and is also expected to be collected as part of the planned drill program. HT-83-61 is a notable historic result, due to its high-grade nickel and cobalt contents, summarized below: 1

4.9% Ni
6.06% Co
47.6% As
Radiometric peak at 980 cps in downhole probe

By strategically targeting interpreted structures and conductive breaks identified through ground geophysics, the exploration program aims to maximize the potential for discovery in these high-priority areas.




Figure 1 – 2025 proposed drillholes along the Richardson conductive trend






Figure 2 – 2025 proposed drillholes along the Tuning Fork conductive trend

The Hatchet Advantage – Shallow Depth Exploration

Hatchet is located within 1.5 km of the Athabasca Basin margin, which results in shallow sandstone cover (less than 220 metres) and corresponding shallow exploration targets, enabling efficient and cost-effective drill testing. The upcoming 2025 drill campaign plans to capitalize on this advantage, including multiple drill holes to advance the evaluation of several target areas – each of which are highly prospective and have potential for discovery or which will benefit in future drill programs from additional reconnaissance.

Business Developments

Foremost would like to announce that Johnathan More shall resign from the board of directors of the Company, effective April 1, 2025, to spend more time on his other endeavors. The Board of Directors would like to thank Mr. More for his valuable contributions and wishes him every success in the future. The Board is currently evaluating alternatives with respect to appointing a new independent director to fill the vacancy left by Mr. More’s departure.

Strategic Advisor

Pursuant to a services agreement whereby Foremost has engaged a strategic advisor for support with U.S. Capital Markets, Foremost has granted 83,333 stock options (“Options”), and shall issue 62,500 common shares of the Company (“Shares”) at a deemed price of $1.20 CND per Share. The Options are exercisable at a price of $1.20 CND per share and valid for a term of 3 years. The Options have been granted in accordance with the Company’s Stock Incentive Plan and the policies of the CSE and Nasdaq. The Shares and Options are subject to statutory 4-month hold period and are subject to CSE and Nasdaq approvals.

Qualified Person

The technical content of this news release has been reviewed and approved by Jordan Pearson, P. Geo., Project Geologist for Dahrouge Geological Consulting Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and reviewed the content of this press release.

A qualified person has not performed sufficient work or data verification to validate the historical results in accordance with National Instrument 43-101. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program.

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
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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 option agreement with Denison, 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 here

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4d695e12-990b-490b-8774-524e4113c9bc

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b3a9399-9517-4997-9240-a5171f46b93e

1 *Data listed in report “Drever, Garth L, (1983) SMDC Hatchet Lake Project 1983 Exploration Report. 64L12-NW-0058

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Paladin Energy: Update on the Langer Heinrich Mine and Production Guidance

https://www.globenewswire.com/news-release/2025/03/28/3051125/0/en/Update-on-the-Langer-Heinrich-Mine-and-Production-Guidance.html

March 27, 2025 21:15 ET | Source: Paladin Energy Ltd

PERTH, Australia, March 27, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) advises that operations have resumed at the Langer Heinrich Mine (LHM) following the temporary suspension due to a significant weather event1.

Unseasonal heavy rainfall has occurred in Namibia, with the LHM experiencing a one-in-fifty-year rainfall event. This impacted the Company’s plans to accelerate the commencement of mining and resulted in short-term disruptions to operations. These included the transport of people to site, restricted feed to the crushers due to the saturation of stockpiled ore, and excess surface water restricting safe access to the processing plant.

Whilst there appears to be no significant damage to the processing plant and our people are safe, there was damage to the access roads and minor civil infrastructure on the LHM site, and to the haul roads to the mine. Access to the LHM has now been re-established and processing plant operations have resumed. Paladin expects the processing plant to return to normal operation as the in-circuit inventory and chemistry stabilises and stockpiled ore saturation levels decrease.

The Company was advancing the early commencement of mining to access higher grade ore. The rain across Namibia has delayed the mobilisation of key mining equipment and personnel to site and has resulted in water ingress into the open mining pits. Whilst onsite pumping infrastructure is adequate to de-water the pits, access to the pits to commence mining is likely to be delayed.

The disruption to early commencement of mining, together with the short-term impact of the suspension of operations, and the difficulties associated with processing saturated stockpiled ore, has resulted in Paladin withdrawing production guidance for FY2025.

Paladin still expects to improve production levels in the second half of CY2025 with the blending of ore from the open pit mines. However, the disruption to the anticipated start of mining means that the Company does not expect the LHM to achieve nameplate run-rate guidance of 6Mlb by the end of CY2025. The acceleration of mining was a key initiative in offsetting the underperformance of stockpile ore and achieving nameplate production.

The LHM team continues to drive operational improvements and progress the advancement of mining. Improved water supply outcomes and strong levels of plant recoveries have provided a platform for improving plant production. Despite the delays and disruptions, the preferred mining contractor,

1 Refer to Paladin’s ASX Announcement titled “Unseasonal rains impact the Langer Heinrich Mine” dated 21 March 2025, available at https://www.paladinenergy.com.au/investors/asx-announcements/.

Trollope Mining, has commenced mining equipment mobilisation and the recruitment and training of operators. All mining permits are in place and the blasting contractor has completed mobilisation.

The Company will provide further details of production and mining in the March 2025 Quarterly Activities Report in April 2025 and looks forward to providing guidance for FY2026 with the release of its FY2025 financial results in August 2025.

Paladin will hold a conference call today, Wednesday 26 March 2025, at 9.30am AEDT2 (Tuesday, 25 March 2025, at 6.30pm EDT3). To participate in the live teleconference, please register at the link below:

https://s1.c-conf.com/diamondpass/10046354-u7y6t5.html

Please note it is recommended to log on at least five minutes before the scheduled commencement time to ensure you are registered in time for the start of the call.

A recording of the call will be available on Paladin’s website shortly after its conclusion.

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd

For further information contact:



Investor Relations
Head Office
Paula Raffo
Paladin Investor Relations
T: [phone]
E: [e-mail]
Canada
Bob Hemmerling
Paladin Investor Relations
T: [phone]
E: [e-mail]

Media
Australia
Sara Murray
Clarity Communications
T: [phone]
E: [e-mail]
Canada
Ian Hamilton, Partner
FGS Longview
T: [phone]
E: [e-mail]



2 AEDT: Australian Eastern Daylight Time (Sydney time)
3 EST: Eastern Daylight Time (Toronto time)

Cautionary Note Regarding Forward Looking Statements

This announcement contains certain "forward looking statements" within the meaning of Australian securities laws and "forward looking information" within the meaning of Canadian securities laws (collectively referred to as "forward looking statements"). All statements, other than statements of historical fact, that address circumstances, events, activities or developments that could, or may or will occur are forward looking statements. Forward looking statements involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies including those risk factors associated with the mining industry, many of which are outside the control of, change without notice, and may be unknown to Paladin. These risks and uncertainties include but are not limited to liabilities inherent in mine development and production, geological, mining and processing technical problems, the inability to obtain any additional mine licences, permits and other regulatory approvals required in connection with mining and third party processing operations, competition for amongst other things, capital, acquisition of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of acquisitions, changes in commodity prices and exchange rates, currency and interest fluctuations, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks.

Forward looking statements can generally be identified by the use of forward-looking words such as "anticipate", "expect", "likely", "propose", "will", "intend", "should", "could", "may", "believe", "forecast", "estimate", "target", "outlook", "guidance" (including negative or grammatical variations) and other similar expressions. No representation, warranty, guarantee or assurance, express or implied, is given or made in relation to any forward-looking statement. In particular no representation, warranty or assumption, express or implied, is given in relation to any underlying assumption or that any forward-looking statement will be achieved. There can be no assurance that the forward-looking statements will prove to be accurate. Actual and future events may vary materially from the forward- looking statements and the assumptions on which the forward-looking statements were based, because events and actual circumstances frequently do not occur as forecast and future results are subject to known and unknown risks such as changes in market conditions and regulations.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements, and should rely on their own independent enquiries, investigations and advice regarding information contained in this announcement. Any reliance by a reader on the information contained in this announcement is wholly at the reader's own risk.

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

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

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

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

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

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

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

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

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

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

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

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

JVCO Operating Details

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

Qualified Persons

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

About Blue Sky Uranium Corp.

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

ON BEHALF OF THE BOARD

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

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

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

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

SOURCE Blue Sky Uranium Corp.

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

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Azincourt Energy Plans Inaugural Work Program at the Snegamook Uranium Project

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

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

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

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

SUMMARY:

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

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

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

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

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



Figure 1: Snegamook and Two Time Zone mineralization map

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

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

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

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

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



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

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

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

Qualified Person

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

About Azincourt Energy Corp.

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

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

"Alex Klenman"
Alex Klenman, President & CEO

For further information please contact:

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

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

Cautionary Statement Regarding Forward-Looking Statements

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

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

SOURCE: Azincourt Energy Corp.

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

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

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

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

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

Amendment Terms

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

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

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

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

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

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

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

About Dark Star Minerals Inc.

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

For further information please contact:

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

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

SOURCE: Dark Star Minerals Inc.

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

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

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

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

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

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

About Xcite™ TDEM

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




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

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

About the Spur Project

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

About the 914W Project

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

References:

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

Qualifying Statement

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

Adjacent Property Disclaimer:

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

About Mustang Energy Corp.:

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

For further information, please contact:

Mustang Energy Corp.

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

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

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

[Lone Clone]

F4 Uranium Shares Now Listed on TSXV

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

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

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

About F4 Uranium Corp:

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

Looking Forward

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

Contact Information

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

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

On Behalf of the Board.

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

Forward-Looking Statements

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

SOURCE: F4 Uranium Corp.

[Lone Clone]

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

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

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

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

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

[Lone Clone]

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

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

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

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

Highlights

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

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

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

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

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

Murphy Lake North

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

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

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

Winter Drill Program

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

Hurricane (CH1) Trend

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

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

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

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

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

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

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

Cyclone (CH2) Trend

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

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

Additional work is warranted along the CH2 trend to:

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

Next Steps

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

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



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

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



Figure 2 - Nearby Historical Drilling Results and 2025 Winter Drilling

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



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

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



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

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

About Cosa Resources Corp.

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

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

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

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

Technical Disclosure

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

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

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

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

Qualified Person

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

Contact

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

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

Cautionary Statements

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

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

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

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

SOURCE: Cosa Resources Corp.

[Lone Clone]

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

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

Thursday, 20 March 2025 07:00 AM

HIGHLIGHTS


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


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


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


Rib-Nine Iron Trend:

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

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

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

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

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

Mushroom Lake Outcrop and Lac 50 Deposit:

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

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

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

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


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


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


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


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

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

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

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

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

ANGILAK PROJECT - NUNAVUT

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





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

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

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

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





Figure 2: 2024 Lac 50 Deposit Long-section Schematic

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

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

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





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

*Notes:

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

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

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

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

SRK REPORT RESULTS

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

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

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

Qualified Person

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

About ATHA

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

On Behalf of the Board of Directors

Troy Boisjoli, CEO, ATHA Energy Corp

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

For more information, please contact:

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

Cautionary Statement Regarding Forward-Looking Information

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

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

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

SOURCE: ATHA Energy Corp

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

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

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

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

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

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

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

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

Camp Construction, Ground Geophysics and Diamond Drilling

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

The Northwest Athabasca Project

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

Quality Assurance and Quality Control

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

Qualified Person

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

ABOUT GLOBAL URANIUM CORP.

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

About Forum Energy Metals

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




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






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

ON BEHALF OF THE BOARD OF DIRECTORS

Ungad Chadda
CEO

587-330-0045
[e-mail]

FORWARD-LOOKING STATEMENTS

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

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

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

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

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

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

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Snow Lake Mobilizing Phase 2 Drill Program at Engo Valley

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

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

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

Highlights

Mobilization of the Phase 2 drill program is now underway

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

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

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

CEO Remarks

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

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

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

Phase 2 Drill Program

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

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

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

The Uranium Supply Chain - Primary Uranium Supply

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

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

About Snow Lake Resources Ltd.

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

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

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

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

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


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

SOURCE: Snow Lake Resources Ltd

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

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

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

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










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





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



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

Highlights:

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

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

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

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

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

On behalf of Fortune Bay Corp.

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

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

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

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

SOURCE Fortune Bay Corp.

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

[Lone Clone]

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

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

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

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

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

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

[Lone Clone]

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

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

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

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

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

[Lone Clone]

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

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

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

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

SUMMARY

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

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

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

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

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



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

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

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

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

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

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



Figure 2: Snegamook and Two Time Zone mineralization map

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

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



Figure 3: Snegamook Zone cross section.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/244991_ebaabc279448faea_004full.jpg

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

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

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

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



Figure 4: Snegamook Zone block model from 2008

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/244991_ebaabc279448faea_005full.jpg

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

Qualified Person

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

About Azincourt Energy Corp.

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

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

"Alex Klenman"
Alex Klenman, President & CEO

For further information please contact:

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

Cautionary Statement Regarding Forward-Looking Statements

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

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

SOURCE: Azincourt Energy Corp.

[Lone Clone]

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

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

Tuesday, 18 March 2025 08:30 AM

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

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

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

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

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

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

About Pegasus Resources Inc.

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

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

On Behalf of the Board of Directors:

Christian Timmins
President, CEO and Director

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

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

Disclaimer for Forward-Looking Information

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

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

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

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

SOURCE: Pegasus Resources, Inc.

[Lone Clone]

Searchlight Resources Stakes in the Athabasca Basin

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

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

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

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

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

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

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

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



Map 1. Searchlight Claims MC00019721 and MC00019725

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9828/244836_e01d3b0d44fadb27_002full.jpg

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.

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

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

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

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
















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





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



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

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

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

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

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

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

Highlights

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

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

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

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

Achieved Approximately 65% Completion of Total Engineering for Phoenix

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

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

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

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

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

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

Signing of Sustainable Communities Investment Agreement

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

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

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

Announcement of Planned Restart of McClean Lake Mining Operations

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

Completion of Inaugural ISR Field Test Program at Midwest

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

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

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

Acquisition of MaxPERF Tool Systems

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

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

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

Formation of Exploration Joint Ventures with Cosa Resources Corp.

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

Appointment of New Board Chair

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

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

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

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

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

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

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

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

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

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

SOURCE Denison Mines Corp.

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

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

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

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

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

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

Key Technical Highlights:

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

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

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

Next Steps:

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



Figure 1: Cree East Project Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7273/244399_104cf9df944d285d_001full.jpg



Figure 2: Cree East Plan View & Cross Section of CRE-094

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7273/244399_figure.jpg

Drillhole Details:

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

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

Table 1: Drill Collar Summary

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


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



To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7273/244399_104cf9df944d285d_004full.jpg



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.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/244386_2621a85884b6ba0d_002full.jpg

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.

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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.

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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.