Bathurst Metals Corp. 2021 McGregor Lake and Speers Lake Assay Results

Bathurst Metals Corp. 2021 McGregor Lake and Speers Lake Assay Results

(TheNewswire)

Bathurst Metals Corp

Bathurst Metal Corp. (TSXV:BMV ) ( OTC:BMVVF) (" Bathurst " or the " Company ") is pleased to announce the company has received  final assay results from the summer 2021 field exploration work on the Copper NickelCobaltPalladiumPlatinum McGregor Lake and Speers Lake properties in western Nunavut . The Company's 100% owned property consists of 12 mineral claims covering 14,584.24 hectares. The properties are approximately 100 km south of Kugluktuk in the Kitikmeot District of western Nunavut, Canada. These properties are considered to host layered disseminated to semi-massive sulphide primary mineralization and secondarily, structurally controlled, massive sulphides

Rock sampling some of the numerous gossans along the contact of a Proterozoic, ultramafic intrusive with Archean Age, metasediments has located high-grade copper, nickel and Palladium mineralization. As well, high concentrations of cobalt and platinum were also obtained. Highlights of Assay Results from the 2021 Summer Program from each area examined are enclosed below in Table # 1. Tables of each of the areas sampled and mapped are also posted within this release.

Table # 1 Highlights of Assay Results

Sample

Area

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996601

Speers Lake

1.55

0.57

589

0.53

1.1

V996619

E. Pump Lake

15.40

5.90

1550

0.69

11.8

V996621

E. Pump Lake

11.50

0.08

32.6

4.06

44.5

V996674

West Margin

5.66

0.02

24.9

0.15

4.18

V996670

Funnel

2.98

0.08

41.6

0.05

6.42

V996663

South Pyrrhotite Lake

2.38

0.85

1440

0.01

0.68

V996653

Val

0.90

0.63

871

0.01

0.06

Hardy Forzley, Chief Executive Officer of Bathurst Metals commented: "Our geological staff was able to confirm historical results but more importantly advance the structural setting of the known higher-grade mineralization. These properties have geological, structural and mineralogical similarities to and scale of the world class Norilsk-Talnakh deposits in northern Russia."

Purpose of 2021 Field Program

The purpose of the 2021 summer exploration program was to enable Bathurst to better understand the project's potential economics by undertaking s tructural mapping on cross cutting Proterozoic Age structures, the company employed three senior geologists to work on the project including Dr. Guowei Zhang, Ph.D., P.Geo. specialist in structural analysis. The team performed geologic mapping of potential favorable host basement assemblages, located historic drill hole collar locations and systematically sampled mineralization along the Archean basement and ultramafic intrusive complex contact. Based on the 2021 results, the company is evaluating the use of additional geophysical techniques to further develop the structural setting of mineralization prior to drilling.

Discussion on 2021 Program Results

Dr. Zhang was able to locate steeply dipping, generally east-west trending structures in the areas of known higher grade copper/nickel/cobalt/platinum and palladium mineralization. These structures are interpreted to be conduits for the remobilization of the mineralization and subsequent entrapment along the Proterozoic, ultramafic intrusive/Archean Age, metasedimentary contact.

Previous work and Dr. Zhang's recent studies support the concept that t he property shares a similar scale, geology and known mineralization style to the Norilsk-Talnakh in northern Russia , the largest-known nickel-copper-palladium deposit in the world. The two main ore types developed at Norilsk and Talnakh are disseminated sulphides within the differentiated gabbro-dolerite sills, principally on the lower margins of the mineralized zone where they occur as droplets forming sheet like conformable bodies up to 40 m thick. Grades there average 0.5 to 0.6% Ni, 0.6 to 0.7% Cu, and 5 to 6 g/t PGE. Secondly, there are m assive sulphides found principally on the lower contact of the mineralized sills, both within the enclosing rocks and to a lesser degree within the sill and are often separated from the sill by several metres of barren sediment or cupriferous mineralization. Sometimes massive sulfides are also found on the upper margin of the sill. In other locations the massive sulphides cut across the sill to its upper margins. Grades vary drastically with the sulphide assemblage but are of the order of 2.8% Ni, 5.6% Cu and 15 g/t PGE. At Norilsk there is evidence that the massive sulphides post date the disseminated sulphides. The total production + resource in the Noril'sk-Talnakh district are quoted by Naldrett (2004) at: 1.309 Gt @ 1.77% Ni, 3.57% Cu, 0.061% Co, 9.5 g/t PGE (including 1.84 g/t Pt, 7.31 g/t Pd).

The Company's 2021 a ssay results confirmed historic results and a significant number of historic drill collars were located and surveyed.

The enclosed Figure # 1 diagram outlines the areas rock sampled and structurally mapped during the 2021 field season. These areas were selected based on historical assay results and the outcrop exposures enabling the structural studies.

Figure # 1 – Location Map of Areas Sampled


Click Image To View Full Size

Discussion on Areas Sampled

Speers Lake Area

Sampling was restricted to outcrops along the ultramafic intrusive/meta-sediment contact as most of the intrusive does not outcrop. Sampling consisted of grab samples where mineralization was observed. Not previously recorded are the high concentrations of cobalt associated with the copper and nickel mineralization. Table # 2 lists the grab sample results from the 2021 program.

Table # 2 Speers Lake – 2021 Rock Sample Results

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996601

579668

7428454

1.55

0.57

589

0.53

1.1

V996602

579666

7428462

0.95

0.38

277

0.11

1.04

V996603

579739

7428126

0.94

0.34

1100

0.01

0.11

V996604

579678

7428405

0.59

0.30

591

0.04

0.15

V996605

579747

7428245

0.07

0.04

71.3

0.01

0.06

V996606

579738

7428659

0.90

0.62

1020

0.01

0.61

V996607

579738

7428784

0.91

0.36

398

0.04

0.33

V996608

579737

7428810

0.30

0.09

125

0.03

0.13

V996609

579746

7428999

0.66

0.32

718

0.14

V996610

579747

7429015

0.29

0.11

251

0.01

0.06

V996611

579758

7430134

0.09

0.14

111.5

0.02

0.07

V996612

579749

7430144

1.08

0.89

1665

0.31

V996613

579734

7430126

0.17

0.17

148.5

0.04

0.13

Listed below are some of the more significant precious and base metal assay results from historical geochemical rock sampling and diamond drilling.

Historical Rock Geochemistry – Grab Samples

Pt

Pd

Au

Cu

Ni

(g/tonne)

(g/tonne)

(g/tonne)

(%)

(%)

0.87

5.48

5.0

3.50

0.18

2.55

3.43

2.0

0.45

0.24

Historical Diamond Drilling – Diamond Drill Hole 87-S10 Assay Results

FROM

TO

THICKNESS

Pt

Pd

Au

Cu

Ni

(m)

(m)

(m)

(g/tonne)

(g/tonne)

(g/tonne)

(%)

(%)

94.40

95.10

0.70

1.94

38.45

6.03

1.18

3.89

107.23

107.63

0.40

5.57

52.71

1.41

0.22

3.79

*Thickness is core length; true width is unknown.

Figure # 2 provides the historic surface sample locations and results and shows the company's current mineral claims.

Figure # 2 Historic Pt+Pd+Au Rock Sample Results on McGregor Lake Property


Click Image To View Full Size

*Thickness is core or chip sample length; true width is unknown.

Tables 3 to 8 below outline all the samples collected in 2021 from the East Pump Lake, West Margin, Funnel, South Pyrrhotite Lake, East Pyrrhotite Lake and Vale Areas respectively. These areas are outlined in Figure #1. Assay results from these tables indicate a positive correlation between Nickel and Cobalt and Palladium with Copper.

Table # 3 - East Pump Lake

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996614

579531

7416049

0.32

0.21

117

0.01

0.2

V996615

579542

7416011

3.23

0.41

317

0.07

2.09

V996616

579540

7416012

1.78

0.20

157

0.07

0.63

V996617

579551

7415964

1.19

0.05

31.7

0.19

1.84

V996618

579553

7415966

0.19

0.01

4.1

0.02

V996619

579551

7415965

15.40

5.90

1550

0.69

11.8

V996620

579557

7415910

0.15

0.09

156

0.11

V996621

579486

7415682

1.66

1.19

1270

0.01

0.19

V996622

579531

7415631

0.32

0.03

21.6

0.03

0.76

V996623

579541

7415616

0.12

0.02

24.2

0.01

0.2

V996624

579531

7415582

0.40

0.27

227

0.06

0.68

V996625

579532

7415577

0.81

0.34

349

0.02

0.67

V996626

579544

741523

6.15

0.04

45.3

0.05

0.73

V996627

579561

7415474

0.46

0.05

1090

0.09

0.17

V996628

579524

7415516

0.61

0.99

636

0.07

0.57

V996629

579598

7415065

11.50

0.08

32.6

4.06

44.5

V996630

579596

7415046

0.52

0.27

280

0.04

0.42

V996631

579602

7415064

8.72

0.12

31.5

1.78

14.2

V996632

579599

7415060

1.09

0.79

1265

0.01

0.29

V996633

579574

7415251

9.98

0.31

205

0.13

0.29

V996634

579599

7415397

0.34

0.15

246

0.02

0.27

V996635

579629

7427824

1.22

0.62

791

0.14

1.02

V996636

579627

7427854

0.32

0.18

227

0.06

0.35

V996637

579634

7427901

0.39

0.12

317

0.03

0.08

Table # 4 - West Margin

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996671

578419

7408894

0.28

0.17

182

0.16

V996672

578432

7408860

2.90

1.17

1095

1.29

V996673

578430

7408823

1.39

0.51

460

0.37

1.73

V996674

578449

7408781

5.66

0.02

24.9

0.15

4.18

V996675

578462

7408736

0.79

0.81

828

0.05

0.33

V996676

578463

7408702

1.58

0.78

773

0.14

1.49

V996677

578523

7408483

1.17

0.05

36.8

0.02

1.24

V996678

578523

7408483

1.40

0.05

79

0.02

0.37

V996679

578529

7408464

0.16

0.11

240

0.02

0.18

V996680

578534

7408445

0.33

0.37

853

0.02

0.09

V996681

578567

7408407

1.64

0.88

1250

0.48

V996682

578558

7408577

0.66

0.43

675

0.04

0.29

V996683

578547

7408288

0.94

0.31

344

0.28

V996684

578643

7408072

1.63

0.82

805

0.79

V996685

578738

7407643

0.60

0.02

21.5

0.42

V996686

578638

7407922

0.65

0.51

657

0.03

0.26

Table # 5 Funnel Area

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996667

579844

7403324

0.75

0.44

496

0.01

0.16

V996668

579869

7403160

0.39

0.19

160

0.01

0.11

V996669

579869

7403157

0.40

0.16

124

0.01

0.16

V996670

579206

7403507

2.98

0.08

41.6

0.05

6.42

V996687

580395

7402059

0.48

0.23

293

0.02

0.25

V996688

580415

7402013

2.26

0.30

371

0.08

1.34

V996689

580492

7401836

0.19

0.09

159.5

0.01

0.14

V996690

580523

7401730

1.71

0.85

350

0.04

1.23

V996691

580563

7401562

0.26

0.04

35.6

0.04

0.34

V996692

580568

7401559

0.31

0.13

327

0.01

0.09

V996693

581514

7401871

0.28

0.11

106

0.02

0.28

V996694

581516

7401950

0.18

0.12

198.5

0.1

V996695

581503

7401994

0.61

0.19

89.2

0.08

0.79

V996696

581517

7402045

1.32

0.37

193

0.11

0.64

V996697

581504

7402070

1.13

0.32

207

0.12

0.87

V996698

581498

7402217

0.31

0.07

48.1

0.04

0.31

V996699

581486

7402257

0.26

0.12

149.5

0.01

0.17

Table # 6 - South Pyrrhotite Lake

SAMPLE

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996656

580775

7406662

0.74

0.42

604

0.15

V996657

580753

7406811

1.24

0.53

1050

0.01

0.2

V996658

580754

7406884

0.44

0.10

82

0.04

0.41

V996659

580795

7407094

0.64

0.45

664

0.04

0.33

V996660

580784

7407250

0.54

0.21

512

0.01

0.07

V996661

580781

7407318

0.34

0.11

285

0.04

V996662

580786

7407393

0.23

0.10

192

0.01

0.06

V996663

580785

7407422

2.38

0.85

1440

0.01

0.68

V996664

580795

7407514

1.02

0.53

748

0.13

1.64

V996665

580783

7407530

0.61

0.44

590

0.02

0.29

V996666

580758

7407715

0.77

0.45

614

0.01

0.24

Table # 7 - East Pyrrhotite Lake

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996639

580642

7410489

1.85

1.72

2220

0.07

0.59

V996640

580725

7410219

1.13

0.03

27.5

0.17

1.22

V996641

580752

7410160

3.01

0.03

27

0.08

0.4

V996642

580756

7410137

0.09

0.05

75.9

0.06

V996643

580755

7410120

0.45

0.14

90

0.05

0.49

V996644

580764

7410106

0.32

0.44

53.2

0.03

0.28

V996645

580786

7410020

0.39

0.48

39.7

0.02

0.14

Table # 8 - Val Area

Sample

UTM E

UTM N

Cu %

Ni %

Co ppm

Pt ppm

Pd ppm

V996646

580967

7405311

0.62

0.41

666

0.02

0.14

V996647

580966

7405299

0.54

0.32

392

0.02

0.21

V996648

580978

7405216

0.36

0.12

113.5

0.02

0.22

V996649

581018

7405172

1.09

0.16

147

0.15

1.22

V996650

580996

740933

0.11

0.03

133

0.01

0.03

V996651

581216

7404177

0.65

0.35

643

0.08

V996652

581217

7404163

0.27

0.09

187.5

0.05

V996653

581232

7404040

0.90

0.63

871

0.01

0.06

V996654

581237

7403967

0.71

0.60

1195

0.02

0.29

V996655

581254

7403801

1.33

0.32

308

0.11

0.6

Historic Exploration Drilling Programs

The companies' project covers the southern exposure of the Proterozoic, Layered Muskox Ultramafic Intrusive (LMUI). The LMUI outcrops over 80 kilometers along strike and could be one of the largest layered, ultramafic complexes in the world based on regional airborne surveys. The region has received only sporadic, systematic exploration since its first discovery and exploration by Inco in the late 1950's. Additional systematic exploration was not conducted again until the 1980's and in 1999 to 2007. Several rounds of geochemical, geophysical, geological mapping and limited diamond drilling have been undertaken on the property. These studies have been able to define at least two sulphide pulses associated with the emplacement of the LMUI. These pulses both contain high nickel and copper concentrations with associated precious metals (see November 12, 2020 news release).

Stratiform, layered mineralization is known to occur in one of the early pulses of magma from the ultramafic, layered intrusive complex. Mineralization in the form of pyrrhotite, pentlandite, chalcopyrite are the more common minerals observed. Concentrations of Copper, Nickel, Platinum, Palladium, and Cobalt occur within this horizon that extends for over 40 kilometres. Key evidence and similarities to Norilsk indicate the massive sulphide mineralization is a later event than the disseminated mineralization at McGregor Lake and the mineralization appears to be occurring in near vertical structures. Exploration of the massive sulphides in previous drilling programs on the property has been predominantly vertical holes, therefore difficult to properly evaluate.

Remobilized mineralization is also present and might have occurred due to the emplacement of later Proterozoic diabase dykes. Below in Table # 9 are some of the more significant, historical precious metal assay results from surface rock sampling. Exceptionally high, precious metals values for primary layered intrusive style mineralization. Previous exploration programs focused on primary mineralization, with no consideration towards secondary remobilization and precious metal enrichments along known, steeply dipping structures.

Table # 9 Historical Assays

Pd

Pt

Au

Length

g/tonne

g/tonne

g/tonne

Metres

126.59

11.52

5.6

0.76

28.3

3.11

1.24

0.21

74.96

4.04

4.35

0.55

16.8

1.84

0.62

0.66

90.82

6.84

5.6

0.21

134.99

9.02

5.91

0.37

Quality Assurance/Quality Control Rock Samples

All rock samples were collected by professional geoscientists. Samples were placed in plastic sample bags with samples tags placed in each bag before being sealed. Samples were transported to the field camp site and later to the ALS sample preparation facility in Yellowknife under the supervision of a professional geoscientist. The Yellowknife sample preparation laboratory crushed and pulverized samples then used a riffle splitter to obtain up to 85 per cent of a 250-gram sample passing through 75-micrometre screen. The pulverized samples were then securely transported to their laboratory in Vancouver and analyzed using procedure ME MS41 (ultra trace aqua regia ICP-MS (inductively coupled plasma mass spectrometry)) followed by a four acid digestion procedure (ME-062 ICP-AES for ore grade elements and finally an Ni-OG62 procedure for higher grade nickel.

Qualified Person

Lorne Warner, P.Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

  On behalf of the Board of Directors

"Harold Forzley" CEO Bathurst M etals Corp.

For more information contact Harold Forzley, CEO

hardy@bathurstmetals.com

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

Forward Looking Statements

Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.

BATHURST METALS CORP.

665 DOUGALL ROAD, GIBSONS, BC, V0N 1V8 WWW.BATHURSTMETALS.COM

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October 27, 2022 TheNewswire Vancouver, British Columbia - Bathurst Metals Corp. ( the "Company") (TSXV:BMV) (OTC:BMVVF) announces that the Company will be completing a share consolidation on the basis of one (1) post-consolidation common share for every Two and one half (2.5) pre-consolidation common shares (the "Consolidation").

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Laramide Announces the Appointment of Vice-President for Operations and Strategic Planning, U.S. and Provides Update on Drilling Activity in Australia

Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to announce the appointment of Mr. Josh Leftwich as Vice-President for Operations and Strategic Planning, U.S.A. Mr. Leftwich's substantive professional expertise will be instrumental in advancing Laramide's U.S. uranium assets through development and into production.

Laramide Resources Ltd. Logo (CNW Group/Laramide Resources Ltd.)

Mr. Josh Leftwich's career includes a role as Director of Radiation Safety and Licensing, reporting directly to the President of Cameco. At Cameco, he was a key senior manager in charge of operational compliance and oversight of three mine operations and seven development projects. He was the key contact for all tribal relations which required development and administering of policy processes, as well, he was the key regulatory contact for all state and federal communications including the Nuclear Regulatory Commission (NRC).

His other relevant uranium mining company experience includes negotiating complex regulatory issues at Uranium Energy Corp. (UEC); and, as a key component of the initial start-up team at Mestena Uranium (now The Alta Mesa Project owned by enCore Energy and Boss Energy), he was responsible for all permitting activities including demonstrating and communicating groundwater restoration capabilities and establishing health, safety and environmental/radiation programs from greenfield to production.

"We are very pleased to welcome Josh to Laramide Resources and back to the uranium industry where he began his career," said Marc Henderson , CEO and President of Laramide Resources Ltd. "Each of our U.S. projects are development stage with significant resources and can make a meaningful contribution to future US domestic uranium production, which is now a bipartisan US government objective.  This political backdrop should provide a tailwind for our assets and Josh's skills will enhance our progress towards achieving our aggressive development timeline."

Westmoreland Uranium Project Drilling Update

Drilling at the Westmoreland project is proceeding well with the first three of seven planned diamond holes at the Amphitheatre prospect now completed. Initial core sampling of shallow mineralised zones is underway, guided by downhole gamma probe and handheld scintillometer data. The first samples are being prepared for delivery next week to ALS Laboratories.

The first five drillholes at Amphitheatre are targeting immediate extensions of the known mineralisation and to understand any structural controls.  The last two holes planned for this study at Amphitheatre will be to step out and to test over 300m to the north under alluvial cover to get a sense of the potential scale of this project.

As part of the 2024 resource extension program, a second drill rig will arrive later this month to commence drilling at Huarabagoo and Junnagunna to test whether the zones between these two deposits can be linked. The combined program will comprise 10,000 to 12,000 meters over 100 drillholes and includes the satellite deposit at Long Pocket with an objective of expanding and updating the Westmoreland Mineral Resource Estimation.

Qualified/Competent Person
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by Mr. Rhys Davies , a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a Qualified Person under the guidelines of the National Instrument 43-101. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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About Laramide Resources Ltd.:

Laramide is focused on exploring and developing high-quality uranium assets in Australia and the western United States . The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large projects are considered to be late-stage, low-technical risk projects.

The Westmoreland project in Queensland, Australia , is one of the largest uranium development assets held by a junior mining company. This project has a PEA that describes an economically robust, open-pit mining project with a mine life of 13 years.  Additionally, the adjacent Murphy Project in the Northern Territory of Australia is a greenfield asset that Laramide strategically acquired to control the majority of the mineralized system along the Westmoreland trend.

In the United States , Laramide's assets include the NRC licensed Crownpoint-Churchrock Uranium Project. An NI 43-101 PEA study completed in 2023 has described an in-situ recovery ("ISR") production methodology. The Company also owns the La Jara Mesa project in the historic Grants mining district of New Mexico and an underground project, called La Sal, in Lisbon Valley, Utah.

This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.

SOURCE Laramide Resources Ltd.

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Skyharbour Resources CEO Jordan Trimble.

Skyharbour Resources CEO Unveils Drilling Plans for Flagship Uranium Projects in Athabasca Basin

In a recent interview with the Investing News Network, Jordan Trimble, president and CEO of Skyharbour Resources (TSXV:SYH), shared exciting developments in the company's uranium exploration efforts and offered valuable insights on the current state of the uranium market.

Trimble highlighted significant progress at Skyharbour's two core projects: Russell Lake and Moore Lake. At Russell Lake, the company has made what Trimble described as a "breakthrough discovery" in its initial drilling program.

"Within the first few holes at the Russell project, we've intersected something quite significant, indicating a high-grade zone of uranium mineralization," he said, emphasizing the potential of this early stage find.

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Global Atomic Announces the Credit Committee Meeting to Review the Dasa Funding Opportunity has been Postponed

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) reports that the presentation of the debt financing facility to the Credit Committee of a U.S. Development Bank has been postponed to August.  The Bank decided not to bring this project to the Credit Committee in July, citing a need to answer and confirm additional questions.

With approval by the Credit Committee postponed, final approval by the Bank's Board of Directors is now expected in October 2024 .

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Ur-Energy Provides 2024 Q2 Update: Lost Creek and Shirley Basin

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") provides the following 2024 Q2 updates on Lost Creek production operations and guidance, Shirley Basin construction, and our uranium sales contract book

John Cash, the Company's CEO and Chairman of the Board, stated, "We are pleased that continuing advances at Lost Creek resulted in increased production quarter-over-quarter. The Lost Creek drilling and construction teams have further refined their work plans to facilitate our schedule of bringing a new header house online each month. This progress enables the continuing increase in production flow which will allow us to achieve our production targets. Importantly, the production patterns continue to be receptive to our mining methods, exhibiting strong production grades.

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The word uranium with a green arrow pointing up.

Uranium Stocks Surge as Kazakhstan Raises Mineral Extraction Tax

Kazakhstan's announcement of a significant increase in the Mineral Extraction Tax (MET) for uranium sent uranium stocks trending higher on July 10 as concerns of a potential supply disruption grew due to Kazakhstan's position as the world’s largest uranium-producing country.

The new tax rate changes will come in two waves. The first, effective January 1, 2025, will impose an initial hike from the current 6 percent to 9 percent.

Starting in 2026, they will take on a more complex and differentiated rate structure, structured to vary based on production volumes and the price of natural uranium concentrate (U3O8).

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