Consolidated Uranium Provides Update to Shareholders

Consolidated Uranium Inc. (the "Company", "CUR" or "Consolidated Uranium") (TSXV: CUR) (OTCQB: CURUF) is pleased to share an open letter from Chairman and Chief Executive Officer, Philip Williams, to shareholders of the Company.

Dear Fellow Shareholders:

As we end 2021, I wanted to take a moment to reflect on our Company's achievements over the past year and set out our objectives for the upcoming year and beyond.

Continued Uranium Market Resurgence

Looking back at our letter from last year, we noted that uranium prices had increased from the low of US$20.00 per lb in early 2020 to close that year at approximately US$30.00 per lb. At that time, we expected prices, both spot and long term, to continue to climb and we were not disappointed. As of writing this letter, according to TradeTech, the weekly spot price indicator sits at US$43.25 per lb with the long-term price indicator at US$45.00 per lb. This impressive 42% increase in the spot price year-over-year tells only part of the story. The spot price peaked at just over US$50 per lb in September on the back of aggressive spot market purchases from the Sprott Physical Uranium Trust, which now holds 41.3 m lbs of U ₃ O ₈ up from just 18.1 m lbs at the beginning of the year.

As expected, this continued upward strength in the uranium price has had a positive impact on share prices for uranium equites. The best way to see this is by looking at the performance of North Shore Global Uranium Mining ETF (URNM), which is now up 82% year-to-date despite correcting 20% from its high of early November.

Notwithstanding this tremendous performance for the sector, our view at Consolidated Uranium remains the same as last year. We continue to expect uranium prices, both spot and long term, will continue to rise due to the inherent disconnect between the current price and the required price level that existing supply can be maintained profitably and new supply can be incentivized to come online. The disconnect exists for the current level of demand however, we of course believe the future for nuclear power looks very bright and any increase in demand could serve to drive prices even higher. To give readers a sense for where demand might go, we reference the International Atomic Energy Agency (the "IAEA") projections for Nuclear Power Growth published in September 2021. Under the high case scenario of its new outlook, the IAEA expects world nuclear capacity could double by 2050. This is the scenario we are preparing for at Consolidated Uranium.

Evolving the Business Model

Last year we stated that our business model was "to acquire uranium projects around the globe", and while that remains true, we have now added "and develop" to the model. This distinction is important as we have now reached the point in the uranium cycle, in our opinion, where value can be created not only by identifying and acquiring new projects but also by advancing those projects. To be clear, CUR intends to continue to be an aggressive, yet judicious, acquirer of assets under the right circumstances with a view to building out the portfolio and providing our shareholders with continued diversified exposure to the sector. However, we expect that 2022 will be characterized as much by our project-level activities as by new M&A activity. Read on to find out about the important additions we made to our board of directors and team to execute these project-level programs and for more details on the plans for our key projects.

Bolstered Management and Board

The year 2021 saw the continued build out of the leadership team at Consolidated Uranium with two key additions. The first is the appointment of Mark Chalmers to the board of directors. Mark is a familiar name in the uranium sector in his role as the CEO of Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, and CUR's largest shareholder. As a mining engineer with decades of experience in the uranium sector, his wealth of knowledge will be invaluable to CUR as it builds out and advances its portfolio. The second and most recent is the appointment of Marty Tunney as President and Chief Executive Officer. Marty is also a mining engineer by background, with diverse experience in mine permitting and development, investment banking and leading public mining companies. In his dual roles, Marty will be responsible for helping shape the direction of the Company, with a particular focus on project advancement and development. In addition, during the past year, the Company has continued to add to its technical and operational teams on the ground in its key jurisdictions. Local expertise is particularly critical for the Company given the global nature of the portfolio and continued challenges with global travel.

Growing and Advancing the Portfolio

To say that 2021 was an active year on the project acquisition front would be an understatement. We ended last year with four option agreements signed. During this year, we closed two of those acquisitions, announced and closed two additional acquisitions and announced an additional acquisition. Our global portfolio, including 100% owned projects and projects under options, now consists of 13 "projects" in four countries, Australia, Canada, the US and Argentina, with historic uranium and vanadium resources. Importantly, through the transformational acquisition and strategic alliance with Energy Fuels, we now own three past producing uranium and vanadium mines in the US with potential for near term production as market conditions continue to improve. In Canada, we added the high grade Matoush project with strong exploration upside potential. Most recently, we closed the acquisition of the Laguna Salada uranium and vanadium project in Argentina. These three projects will see the bulk of our project level expenditures for the year.

We would be remiss not to mention the exciting developments surrounding our Moran Lake project in Labrador and the creation of Labrador Uranium ("LUR"). In a natural extension of our business model, we determined that to maximize the value of Moran Lake it made sense to combine it with other projects in the province owned by Altius Minerals and Mega Uranium and form a new company with a separate and dedicated management team to focus on exploration and potential resource expansion. This concept was met with strong enthusiasm from the investment community securing C$8 million in financing with a listing expected in Q1 2022. Importantly, CUR shareholders will gain direct exposure to this exciting new uranium vehicle by receiving LUR shares on a pro rata basis based on the number of CUR shares held at the time of completion of the spin-out transaction.

The Future is Bright

With a busy and successful year nearly complete we now turn our attention to 2022 and we believe the future is bright. Just over a month ago, we closed a financing for proceeds of C$20 million, which provides for a very healthy balance sheet entering 2022. As discussed above, these funds are expected to be allocated toward project-level expenditures as well as pursuing new project acquisition opportunities.

In closing, we believe our investment case remains strong for existing and new shareholders:

CUR is in the right sector at the right time; uranium is currently in a bull trend and has the potential to deliver robust returns for equity investors;
CUR has the right team; which together boasts decades of uranium, M&A, exploration and mine development expertise;
CUR has the right portfolio; located in top tier mining and uranium jurisdictions with high grades on a global scale with significant past expenditures and near-term production potential; and
CUR has a proven track record; in less than two years, the Company has executed multiple M&A transactions, secured multiple financings and has increased market recognition as measured by share price and trading liquidity.

I would like to thank all of you for supporting and joining us on this journey.

Yours truly,

Philip Williams, Chairman and Chief Executive Officer

Grant of Compensation Securities

Pursuant to CUR's long term incentive plan, the Company has granted certain officers, directors, employees and consultants options to purchase an aggregate of 1,450,000 common shares of the Company and an aggregate of 650,000 restricted share units. The options are exercisable at a price of $2.79 per common share for a period of five years and vest over three years as follows: one-third vesting immediately, one-third vesting after one year and one-third vesting after two years. The restricted share units, each of which entitles the holder to receive one common share of the Company, vest over three years as follows: one-third vesting after one year, one-third vesting after two years and one-third vesting after three years. The options and restricted share units are subject to approval of the TSX Venture Exchange.

About Consolidated Uranium

Consolidated Uranium Inc. (TSXV: CUR) (OTCQB: CURUF) was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation. To date, the Company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina, and the United States each with significant past expenditures and attractive characteristics for development. Most recently, the Company completed a transformational strategic acquisition and alliance with Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, and acquired a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah and Colorado. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning CUR as a near-term uranium producer.

For More Information, Please Contact

Philip Williams
President and CEO
pwilliams@consolidateduranium.com

Mars Investor Relations
+1 647 557 6640
cur@marsinvestorrelations.com

Twitter: @ConsolidatedUr
www.consolidateduranium.com

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

Cautionary Statement Regarding "Forward-Looking" Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including expectations regarding Uranium prices and the potential to deliver robust returns for equity investors, expectations regarding world nuclear capacity, expectations regarding potential value creation from project acquisitions and advancement, expectations regarding project-level activities and new M&A activity, expectations regarding the anticipated timing for listing of LUR, the anticipated use of proceeds from recent financings and the Company's ongoing business plan. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including 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, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration and development activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no current mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

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

News Provided by GlobeNewswire via QuoteMedia

Energy Fuels NYSE:UUUU Uranium Investing

UUUU

Energy Fuels to Host Conference Call on Acquisition of Base Resources

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), an industry leader in the U.S. production of uranium and rare earth elements ("REE"), will hold a conference call on Monday, October 7, 2024, at 9:00 AM Eastern Time to discuss its recently completed acquisition of Base Resources Limited.

Details of the acquisition were distributed in a previous press release available on the company's website on the investor section.

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US Rare Earth and Critical Mineral Supply Security Significantly Boosted as Energy Fuels Closes Acquisition of Australia's Base Resources

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), an industry leader in the U.S. production of uranium and rare earth elements ("REE"), today announced that it has completed the acquisition of Base Resources Limited ("Base"), an established heavy mineral sands ("HMS") and critical mineral company, headquartered in Perth, Australia, in consideration of the issuance of Energy Fuels shares totaling approximately US$178.4 million in value¹. The financial terms and details of the transaction can be found here.

Energy Fuels is restoring essential U.S. critical mineral supply chains and processing capabilities that are key to clean energy, economic security, and national defense.
Acquisition of Base Resources secures the world-class Toliara Project in Madagascar, which Energy Fuels believes is the best critical mineral development project in the world.
The Toliara Project is a new large-scale and low-cost source of rare earth minerals that Energy Fuels plans to develop and process into advanced rare earth products at the Company's existing facility in Utah.
Rare earths are key ingredients in various clean energy technologies, including electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and direct-drive wind energy, along with critical national defense technologies.
Acquisition positions Energy Fuels to become a globally significant producer of titanium and zirconium minerals in the future, while also maintaining its current position as a leading U.S. producer of uranium.
Acquisition also secures Base Resources' mine development and operations team, who have a successful track-record of designing, constructing, and profitably operating the Kwale Project, a world-class heavy mineral sands operation in Africa.

"With Energy Fuels' acquisition of Base Resources and its Toliara Project in Madagascar, we have now acquired the raw materials that, when developed, will enable us to become one of the world's leading suppliers of advanced rare earth products and titanium and zirconium minerals, while also maintaining our current position as a leading producer of uranium in the United States," said Mark Chalmers, President and CEO of Energy Fuels Inc.

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US Rare Earth and Critical Mineral Supply Security Significantly Boosted as Energy Fuels Closes Acquisition of Australia's Base Resources

Energy Fuels is restoring essential U.S. critical mineral supply chains and processing capabilities that are key to clean energy, economic security, and national defense.
Acquisition of Base Resources secures the world-class Toliara Project in Madagascar , which Energy Fuels believes is the best critical mineral development project in the world.
The Toliara Project is a new large-scale and low-cost source of rare earth minerals that Energy Fuels plans to develop and process into advanced rare earth products at the Company's existing facility in Utah .
Rare earths are key ingredients in various clean energy technologies, including electric vehicles (EVs), Plug-In Hybrid Electric Vehicles (PHEVs), and direct-drive wind energy, along with critical national defense technologies.
Acquisition positions Energy Fuels to become a globally significant producer of titanium and zirconium minerals in the future, while also maintaining its current position as a leading U.S. producer of uranium.
Acquisition also secures Base Resources' mine development and operations team, who have a successful track-record of designing, constructing, and profitably operating the Kwale Project, a world-class heavy mineral sands operation in Africa .

Denver-based Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (" Energy Fuels " or the " Company "), an industry leader in the U.S. production of uranium and rare earth elements (" REE "), today announced that it has completed the acquisition of Base Resources Limited (" Base "), an established heavy mineral sands (" HMS ") and critical mineral company, headquartered in Perth, Australia in consideration of the issuance of Energy Fuels shares totaling approximately US$178 .4 million in value 1 . The financial terms and details of the transaction can be found here .

"With Energy Fuels' acquisition of Base Resources and its Toliara Project in Madagascar , we have now acquired the raw materials that, when developed, will enable us to become one of the world's leading suppliers of advanced rare earth products and titanium and zirconium minerals, while also maintaining our current position as a leading producer of uranium in the United States ," said Mark Chalmers , President and CEO of Energy Fuels Inc.

Chalmers continued: "We have been putting together the missing pieces of the REE supply chain over the past two years, as we create a large-scale and low-cost critical mineral company based in the United States that produces uranium, rare earth elements, vanadium and soon medical isotopes on American soil, along with titanium and zirconium minerals at our mines in the Southern Hemishere. The 'common thread' connecting these products is that they are produced from, or associated with, ores that contain uranium, an integral part of our story over many years. We are able to process these ores at our facility in Utah and recover these elements in addition to the contained uranium."

The Base acquisition is one of the most important pieces in Energy Fuels' REE plan, as the development of the Toliara Project is expected to greatly increase Energy Fuels' supply of raw materials and help the Company control its internal supply chain and costs. "We are working to bring rare earth processing capabilities back to the United States , while also mining and processing to the highest global standards for protection of human health, human rights and the environment," Chalmers remarked. "This is great news for America's clean energy, economic, and national security."

Energy Fuels has now assembled a world-class and low-cost REE and critical mineral supply chain, where a suite of HMS projects in the Southern Hemisphere are expected to be developed in the coming years and produce large quantities of REE-bearing mineral product (" Monazite ") from Base's Toliara Project in Madagascar , the Company's 100% owned Bahia Project in Brazil , and the Company's planned interest in the Donald Project joint venture (" JV ") in Australia for which a joint venture agreement was recently entered into with Astron Corporation Limited. Monazite contains the minerals "monazite" and "xenotime," which have excellent grades and distributions of both "light" and "heavy" REEs.

The Company plans to develop and import Monazite from these HMS projects (and potentially others) into the United States where it will be processed into advanced REE products at the Company's White Mesa Mill, located near Blanding, Utah (the " Mill "). Earlier this year, Energy Fuels demonstrated its ability to process Monazite and refine the material into separated neodymium-praseodymium (" NdPr ") at commercial scale. Monazite also contains material quantities of natural uranium, which Energy Fuels plans to recover for sale to nuclear utilities who will process it further to be used as fuel to produce carbon-free electricity.

REEs are used in a wide variety of clean energy and advanced technologies, including EVs, PHEVs, direct-drive wind energy, magnets, and a number of other energy transition and defense-related technologies. Over the next 2 to 4 years, the Company plans to develop and put the Toliara, Bahia, and Donald projects into production, which have the combined ability to produce up to 43,000 metric tons (" tonnes ") of Monazite per year. The Monazite produced from these projects, along with Monazite that may be acquired from other parties, is expected to provide sufficient raw materials for Energy Fuels to produce roughly 4,000 – 6,000 tonnes of separated NdPr per year, along with roughly 200 – 300 tonnes of separated dysprosium (" Dy ") and terbium (" Tb ") per year. Energy Fuels is currently in the process of designing and licensing the expansion of its REE separation capabilities at the Mill. Commissioning of the expansion is expected to roughly coincide with the timing of when these mines complete development and begin production of Monazite.

Once developed, Energy Fuels' HMS projects are also expected to produce significant quantities of traditional HMS product lines, including titanium and zirconium minerals, which are expected to generate significant additional cash flow for the Company. As a result, Energy Fuels also expects to become a significant global supplier of, not only REEs, but also titanium and zirconium minerals. At the same time, the Company is currently ramping-up uranium production at its mines and the Mill in the United States and expects to maintain its position as a leading U.S. uranium producer.

The Toliara Project is considered by the Company to be one of the best HMS and critical mineral development projects in the world, due to the high-grade and high-quality of the titanium, zirconium and REE minerals, and its long mine life. The definitive feasibility study for titanium and zirconium minerals, along with the prefeasibility study for the addition of the Monazite stream, showing attractive project economics is available here . The Toliara and Donald Projects are currently in the development phase and the Bahia project is currently in the exploration and permitting phase. In addition, the Toliara Project is subject to negotiation of fiscal terms with the Madagascar government and the receipt of certain Madagascar government approvals and actions before a current suspension on activities at the project will be lifted and development may continue.

Chalmers concluded: "I am also honored and excited to welcome Base's highly successful management and employees to the Energy Fuels' team, which I am confident will elevate our competitive advantages from day one. A key benefit to Energy Fuels from this acquisition is that Base brings to the Company an experienced and highly regarded management and operations team with a proven track record of safe, efficient, and profitable operations at heavy mineral sands operations in Africa . I would also like to welcome Mr. Michael Stirzaker to Energy Fuels' Board of Directors. Mr. Stirzaker was Base's Non-Executive Chair, and his many years of experience in mining finance and investment will be a valuable addition to the Company."

About Energy Fuels

Energy Fuels is a leading US-based critical minerals company, focused on uranium, REEs, HMS, vanadium and medical isotopes. The Company has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities that process it further for the production of carbon-free nuclear energy, and owns and operates several conventional and in situ recovery uranium projects in the western United States . The Company also owns the White Mesa Mill in Utah , which is the only fully licensed and operating conventional uranium processing facility in the United States . At the Mill, the Company also produces advanced REE products, vanadium oxide (when market conditions warrant), and is preparing to begin pilot-scale recovery of certain medical isotopes from existing uranium process streams needed for emerging cancer treatments. The Company also owns the operating Kwale HMS project in Kenya which is nearing the end of its life and is developing three (3) additional HMS projects, including the Toliara Project in Madagascar , the Bahia Project in Brazil , and the Donald Project in Australia in which the Company has the right to earn up to a 49% interest in a joint venture with Astron Corporation Limited. The Company is based in Lakewood, Colorado , near Denver , with its heavy mineral sands operations managed from Perth, Australia . For more information on all we do, please visit http://www.energyfuels.com .

Note 1 : The transaction value is US$178,438,295 , which is based on the issuance of 31,920,983 common shares of Energy Fuels and assuming a share price of US$5.59 (the closing share price for Energy Fuels on the NYSE American as of October 1, 2024 ).

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain "Forward Looking Information" and "Forward Looking Statements" within the meaning of applicable United States and Canadian securities legislation, which may include, but are not limited to, statements with respect to: any expectation that the Company will maintain its position as a leading U.S.-based uranium and critical minerals company or as the leading producer of uranium in the U.S.; any expectation that the Toliara, Bahia and Donald Projects will be successfully developed; any expectation as to production levels or timing or duration of production from the Toliara Project or any of the Company's other mines or projects; any expectations as to costs of production at the Toliara Project, the Mill or any of the Company's mines or other projects; any expectations as to future cash flows; any expectation that any production at the Toliara Project or Mill will be world or globally competitive; any expectation that the acquisition may position Energy Fuels to become a globally significant producer of titanium and zirconium minerals; any expectation that the Company will be successful in acquiring any additional sources of Monazite; any expectation that Energy Fuels will be successful in designing and licensing the expansion of REE separation capabilities at the Mill; any expectation that Energy Fuels will be successful in agreeing to acceptable fiscal terms with the Government of Madagascar or in achieving and maintaining sufficient fiscal and legal stability; any expectation that the current suspension relating to the Toliara Project will be lifted in the near future or at all; any expectation that the Company will successfully continue to operate to the highest global standards for the protection of human health, human rights and the environment; and any expectation that the Toliara Project will become a world-class heavy mineral sands project. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects," "does not expect," "is expected," "is likely," "budgets," "scheduled," "estimates," "forecasts," "intends," "anticipates," "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 "have the potential to." All statements, other than statements of historical fact, herein are considered to be forward-looking statements. 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 express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: commodity prices and price fluctuations; engineering, construction, processing and mining difficulties, upsets and delays; permitting and licensing requirements and delays; changes to regulatory requirements; legal challenges; competition from other producers; public opinion; government and political actions; the failure of the Government of Madagascar to agree fiscal terms or provide the approvals necessary to achieve sufficient fiscal and legal stability on acceptable terms and conditions or at all; the failure of the current suspension affecting the Toliara Project to be lifted on a timely basis or at all; the failure of the Company to provide or obtain the necessary financing required to develop any or all of its Projects; market factors, including future demand for rare earth elements; the ability of the Mill to be able to separate radium or other radioisotopes at reasonable costs or at all; and the other factors described under the caption "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K, which is available for review on EDGAR at www.sec.gov/edgar.shtml , on SEDAR at www.sedar.com , and on the Company's website at www.energyfuels.com . Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. 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, the reader is cautioned not to place undue reliance on forward-looking statements. The Company assumes no obligation to update the information in this communication, except as otherwise required by law.

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SOURCE Energy Fuels Inc.

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Federal Court of Australia Approves Transformational Acquisition of Base Resources

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), an industry leader in uranium and rare earth elements ("REE") production for the energy transition, is pleased to announce that the Federal Court of Australia (the "Court") has today made orders approving the proposed acquisition of Base Resources Limited ("Base") by Energy Fuels by way of a scheme of arrangement under Australia's Corporations Act (the "Scheme").

As previously announced on April 21, 2024, under the Scheme, Energy Fuels will acquire 100% of the issued shares of Base in consideration of the issuance by the Company of 0.026 Energy Fuels Common Shares for every Base share held and the payment by Base of a special dividend of AUD $0.065 per Base share.

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EnCore Energy and Boss Energy Launch Alta Mesa Uranium Plant

The Alta Mesa in-situ recovery uranium central processing plant (CPP) in South Texas is now open, enCore Energy (TSXV:EU,NASDAQ:EU) announced earlier this week.

A 70/30 joint venture between EnCore and Boss Energy (ASX:BOE,OTCQX:BQSSF), Alta Mesa began production from its wellfield in June. The companies are targeting full operational capacity by 2026 following a phased ramp up.

The operations are located 80 miles from enCore's Rosita central processing plant (CPP) and wellfield, and 75 miles from its Kingsville Dome CPP and wellfield. The company's Rosita uranium operations came online last November.

A grand opening was held at the Alta Mesa CPP and wellfield on October 3, with former US president George W. Bush among the event's 300 attendees.

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Uranium ore with uranium periodic symbol.

Cosmos Reports Assays from Nut Lake South Uranium Project in Thelon Basin

Uranium-focused Cosmos Exploration (ASX:C1X) announced the assay results from its maiden rock sampling program at the Nut Lake South project in Thelon Basin, Nunavut, Canada.

A total of 16 rock chips returned uranium results above 0.3 percent U3O8 along with associated metals. The samples were gathered from three prospects: the new Gyrfalcon and Snow Goose prospects and Tundra Swan.

High-grade mineralisation was seen at Gyrfalcon, with grades up to 1.2 percent uranium, 1.0 percent molybdenum, 31 grams per tonne silver, 0.4 percent lead and 487 parts per million copper.

Snow Goose results also included high grades, assaying up to 1.1 percent uranium, 0.3 percent molybdenum, 4.8 grams per tonne silver, 0.4 percent lead and 509 parts per million copper.

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Resource Upgrade Marks New Phase of Growth for Koppies Uranium Project

Elevate Uranium Limited (“Elevate Uranium”, or the “Company”) (ASX:EL8) (OTC:ELVUF) is pleased to announce an upgrade of the Koppies Deposit JORC Mineral Resource Estimate (“MRE”) from Inferred to the Indicated status, with 78% of the resource now in the Indicated category. The Koppies deposit is part of the Koppies Uranium Project and is wholly owned by Elevate Uranium.

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Global Atomic Announces Pricing of C$25 Million Public Offering of Units

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 5, 2023 to its short form base shelf prospectus dated November 21, 2023

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /