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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
info@futurefuelsinc.com
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.
FTUR:CA
North Shore Announces Binding Term Sheet for Rio Puerco Uranium Project in New Mexico, USA
North Shore Uranium Ltd. (TSXV:NSU)("North Shore" or the "Company") is pleased to announce that on June 23, 2025, it signed a binding term sheet (the "Term Sheet") with Resurrection Mining LLC ("Resurrection"), an arm's length party, to acquire up to 87.5% of the Rio Puerco uranium project ("Rio Puerco" or the "Project") in northwestern New Mexico (the "Transaction").
TRANSACTION AND PROJECT HIGHLIGHTS
- Historical resource estimate of 6.0 million tonnes at an average grade of 0.09% eU 3 O 8 for 11.4 million lbs. of U 3 O 8 reported in 2009
- Substantial historical dataset to guide and optimize future exploration programs
- Preliminary review of historical data suggests the potential for In-Situ Recovery ("ISR") mining, the lowest cost method for producing uranium
- Located in the Grants Uranium District, the largest producer of uranium in the United States and near two significant active uranium projects, Marquez-Juan Tafoya (Anfield Energy Inc.) and Cebolleta (Premier American Uranium Inc.)
- Strong US government support for nuclear power and uranium mining projects and a stated objective to reduce reliance on foreign nuclear fuel
- Executive Orders issued by President Trump in late May 2025 include a call for quadrupling US nuclear capacity by 2050, accelerating new reactor development, strengthening the US nuclear fuel supply chain and reforming the US regulatory environment
- Staged earn-in structure allows the Company to optimize exploration programs
- Would provide North Shore with uranium exposure in two North American jurisdictions, the Athabasca Basin in Saskatchewan, Canada and the western USA
Brooke Clements, President and CEO of North Shore stated: "The Rio Puerco project in New Mexico offers us exposure to a uranium project in the USA with excellent upside and signficant historical exploration data including a historical resource estimate. The US government has recently enacted policies designed to accelerate nuclear power and uranium mining activity in the country. In the 1970s, Kerr-McGee commenced mine construction at Rio Puerco, but activity was halted after a short trial-mining phase due to low uranium prices. The Project offers a great opportunity to confirm and expand upon previous work through drilling, modern 3-D modelling and continued assessment of the ISR potential. On completion of the Transaction with Resurrection, we will have uranium exposure in two North American jurisdictions that have seen signficant uranium production, the Grants Uranium District and the Athabasca Basin, at a time when future supply-demand fundamentals look great for the industry."
Rio Puerco is located at the eastern end of the Grants Uranium District, approximately 60 kilometres northwest of Albuquerque, New Mexico (Figure 1). Mines that operated between 1950 and 2002 contributed to make the Grants Uranium District the leading historical uranium producing district in the United States.
Figure 1: Rio Puerco Location Map, New Mexico. Roca Honda (Energy Fuels), Marquez-Juan Tafoya (Anfield Energy) and Cebolleta (Premier American Uranium) are advanced exploration/development stage uranium projects.
RIO PUERCO PROJECT SUMMARY
Rio Puerco consists of 37 Bureau of Land Management mining claims and significant historic exploration and mining data as well as the rights to a water well. Historical exploration and development work by Kerr-McGee Corporation ( "Kerr McGee" ) in the 1960s and 1970s, and geologic and resource modelling work completed by two Australian companies in 2009 and 2011 validate the potential for Rio Puerco to host a significant uranium resource.
Uranium was first discovered at Rio Puerco in 1968. The claims covering the discovery were ultimately optioned to Kerr-McGee who drilled over 1,000 holes. Based on the results of that work, they began the development of the Rio Puerco Mine in the 1970s. The uranium mineralization is hosted in sandstone of the Jurassic-aged Morrison Formation, host to almost all of the significant uranium deposits in the Grants Uranium District. The mine was intended to be a room and pillar underground mine but was never put into production. Activity ceased after a short trial mining phase likely due to low uranium prices at the time. The underground mine infrastructure included a 260m vertical shaft, ventilation shafts, mining adits and support buildings. The mining shaft remains at the site and road access to the site is excellent.
In 2009, Monaro Mining NL ( "Monaro" ) commissioned an independent geological review and resource estimate for Rio Puerco using exploration data generated by Kerr-McGee in the 1960s and 1970s. The data used for the resource estimate consisted of historical maps and data from 764 drill holes including downhole gamma-ray data converted to percent equivalent U 3 O 8 (e U 3 O 8 ), geological logs and drillhole survey data. They reported a JORC 2004-compliant inferred resource of 6.0 million tonnes at an average grade of 0.09% eU 3 O 8 using a cutoff grade of 0.03% eU 3 O 8 for 11.4 million lbs. of contained U 3 O 8 1 (the " Historic Resource" ). JORC is the Australian Joint Ore Reserves Committee, a professional code of practice that sets minimum standards for public reporting of Mineral Resources.
In 2011, Australian-American Mining Corporation Ltd. commissioned a technical report on Rio Puerco. This most recent report validated and confirmed the Historic Resource 2 .
No significant exploration or development work has occurred at Rio Puerco since the 1970s.
HISTORICAL RESOURCE ESTIMATES FOR THE RIO PUERCO PROJECT
The historical resource outlined in this news release has not been verified and should not be relied upon. It is a historical estimate and not current and does not comply with Canadian NI 43-101 guidelines for the reporting of Mineral Resources. A qualified person has not verified the historical resource on behalf of the Company and North Shore has completed no work programs at Rio Puerco. Though not current, the Company views the historical resource estimates as reliable and sufficient to justify the initiation of work programs aimed at validating and potentially expanding upon the estimates. There is no guarantee that the work programs envisioned by North Shore will ultimately result in the definition of NI 43-101 compliant resources.
RIO PUERCO TERM SHEET
Completion of the Transaction is contingent on North Shore completing satisfactory due diligence, execution of a definitive agreement, completion of a minimum $750,000 financing by North Shore and approval by the TSX Venture Exchange (the "Exchange" ). A finder's fee may be payable to an arms-length third party upon completion of the Transaction. The following highlights key terms of the Term Sheet executed by North Shore and Resurrection, all currency references are in Canadian dollars:
- Milestone 1: upon completion of the Transaction, a $125,000 cash payment and issuance of 9.99% of the issued and outstanding shares of the Company, post-financing.
- Milestone 2, to earn a 40% interest in the Project: on or before 18 months after completion of the Transaction, a $250,000 payment in cash or common shares, at the option of North Shore, and $750,000 in exploration expenditures.
- Milestone 3, to earn an aggregate 65% interest in the Project: on or before 36 months after completion of the Transaction, a $375,000 payment in cash or common shares, at the option of North Shore, and $1,000,000 in additional exploration expenditures.
- Milestone 4, to earn an aggregate 87.5% interest in the Project: on or before 60 months after completion of the Transaction, a $500,000 payment in cash or shares, at the option of North Shore, and $1,500,000 in additional exploration expenditures.
- North Shore may elect to not continue to sole-fund exploration expenditures at any time after earning a 40% interest in Rio Puerco at which time North Shore and Resurrection will enter into a joint venture agreement to govern the funding of Rio Puerco on a proportional basis.
- Carried interest: On completion of Milestone 4, North Shore will provide Resurrection with a 12.5% free-carried interest in the Project through completion of an NI 43-101-compliant Preliminary Economic Assessment at which time Resurrection can elect to form a participating joint venture or convert their interest into a 1.0% net smelter returns royalty. North Shore will be granted a right of first refusal on Resurrection's 12.5% interest.
- Bonus payments: For the 78 month period after completion of the Transaction, North Shore will pay Resurrection a $100,000 bonus for each million lbs. of uranium estimated in current resources defined by the Company above 5 million and up to 20 million lbs. in accordance with NI 43-101 standards, if and when such resources are defined.
- Other terms: Resurrection shall have a participation right to maintain its 9.99% interest in the common shares of North Shore for 5 years from completion of the Transaction and the right, but not the obligation, to appoint one nominee to the North Shore Board of Directors. All share issuances will be subject to Canadian and US securities law and will be priced in accordance with Exchange policies.
NEXT STEPS
After completion of the Transaction, North Shore will begin working towards defining the first NI 43-101-compliant uranium resource at Rio Puerco. The Company's initial work will aim to verify historical data and determine whether a resource can be defined in accordance with NI 43-101. First, geologic models of the previously defined deposit will be prepared using drill hole summary logs containing the interpreted zones of uranium mineralization. A number of confirmation drill holes are required to confirm the historic uranium grade and uranium disequilibrium, and for metallurgical testing. For the first program, 20 to 40 holes are contemplated, a combination of diamond core holes and rotary holes where a downhole gamma ray probe is used to determine uranium content. After the results of that program are received and interpreted, a comprehensive drilling plan would be developed aimed at defining a resource. Data from the drill programs will be used to further evaluate the amenability of ISR mining.
ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO 2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well-positioned to become a major force in exploration for economic uranium deposits. The Company is working to achieve this goal by exploring its Falcon and West Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan, expanding its exploration efforts to include the Grants Uranium District in New Mexico and by evaluating other quality opportunities in the United States and Canada to complement its portfolio of uranium properties. North Shore summarized its exploration efforts at its Falcon property in a May 27, 2025 , news release.
QUALIFIED PERSON
Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the completion and expected terms of the Transaction, the parties' abilities to meet the closing conditions of the Transaction, the number of securities to be issued by the Company in connection with the Transaction, receipt of all necessary approvals for the completion of the Transaction, the completion of satisfactory due diligence, execution of a definitive agreement, completion of a minimum $750,000 or any financing by the Company, and the Company's ability to meet the Milestones, make the bonus payments or meet other terms of the Transaction; the highly speculative nature of the Transaction given the early-stage nature of Rio Puerco; the actual results of current and planned exploration activities including the potential for the definition of a mineral deposit of potential economic value at the Company's Falcon property in Saskatchewan; that drilling results, geophysical survey results and/or interpretations thereof are defining potentially mineralized corridors; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
1 Monaro Mining NL, 2009, 250% increase in uranium resource inventory at Rio Puerco deposit, New Mexico USA: Monaro Mining NL ASX news release: (link)
2 Boyer, D. and Ostensoe, E., 2011, NI 43-101 technical report, Rio Puerco deposit, Sandoval county, New Mexico, USA: Independent report commissioned by Australian-American Mining Corporation Ltd.: (link)
Stallion Uranium: Positioned for Discovery in the World’s Premier Uranium District
Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian exploration company focused on unlocking new discoveries in the underexplored southwestern Athabasca Basin—an emerging frontier with exceptional geological potential. With more than 709,000 acres under control, Stallion holds one of the largest land positions among junior explorers in the region.
As global uranium demand accelerates—driven by over 900 reactors in operation, construction, or planning—Stallion is well-positioned to benefit from a growing supply gap. The Athabasca Basin, known for uranium grades up to 20 times the global average, remains the world’s premier jurisdiction for high-grade uranium exploration.
Stallion Uranium holds one of the largest underexplored land packages in the Athabasca Basin, covering more than 709,000 acres in the highly prospective southwestern region. Using advanced geophysics and a proven exploration framework, the company has systematically identified and ranked nine Tier-1 uranium targets across its portfolio. From these, three high-priority corridors have been selected for near-term exploration—each displaying the key geological and structural characteristics associated with major high-grade discoveries in the Basin.
Company Highlights
- Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
- World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
- Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
- Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
- Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
- Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.
This Stallion Uranium profile is part of a paid investor education campaign.*
Click here to connect with Stallion Uranium (TSXV:STUD) to receive an Investor Presentation
Stallion Uranium
Investor Insight
Stallion Uranium offers investors a rare opportunity to gain early exposure to a company with one of the largest underexplored land packages in the world’s premier uranium district – the Athabasca Basin – guided by a discovery team with a multi-billion-dollar track record.
Overview
Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian uranium exploration company positioned for discovery in the southwestern Athabasca Basin, a frontier zone that holds tremendous untapped geological potential. With a landholding of over 709,000 acres, Stallion controls one of the largest and least explored portfolios among junior explorers in the region.
The company is leveraging a surging uranium demand, driven by more than 900 reactors across the globe currently in operation, construction or planning stages. Amid a uranium supply shortage, the Athabasca Basin, with uranium grades up to 20 times the global averages, represents the best place in the world to find the next major high-grade discovery.What sets Stallion apart is not just its land position, but the pedigree of its team. CEO Matthew Schwab was a key figure in the discovery of NexGen’s Arrow deposit, one of the most significant uranium finds of the past decade.
Over the past two years, Stallion has deployed airborne and ground geophysics across its land package, culminating in the identification of nine Tier-1 uranium targets. The top three – Coyote, Fishhook, and Lynx – have now been prioritized for drilling. Each of these targets exhibits the structural complexity, conductive trends, and gravity signatures characteristic of world-class deposits.
With drilling mobilization planned for H2 2025, a lean share structure, and one of the most technically credible teams in the sector, Stallion Uranium is well-positioned to create significant shareholder value through discovery.
Company Highlights
- Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
- World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
- Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
- Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
- Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
- Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.
Key Projects
Stallion Uranium controls one of the largest underexplored land packages in the Athabasca Basin, spanning over 709,000 acres in the highly prospective southwestern region. Leveraging advanced geophysical techniques and a proven exploration model, the company has systematically identified and ranked nine Tier-1 uranium targets across this vast portfolio. From this group, Stallion has prioritized three high-potential corridors for near-term exploration, each exhibiting the geological signatures and structural features consistent with major discoveries in the Basin.
Coyote Corridor
Located in the heart of Stallion’s southwestern Athabasca holdings, Coyote was first defined by a 2023 VTEM Plus survey, which revealed intersecting east-west conductors within a structurally complex zone. The Athabasca sandstone here is ~450 meters thick, a sweet spot for unconformity-style uranium systems. A Q1 2025 gravity survey revealed a large gravity low anomaly that mirrors the Arrow deposit's signature. Historical intersections just 12 km south reported up to 255 parts per million (ppm) uranium oxide (U₃O₈), reinforcing the region’s prospectivity. Coyote is currently undergoing 3D inversion modeling and is the company’s first drill target, with a campaign slated for late 2025.
Fishhook Corridor
This 18-km trend remains completely untested by drilling and was delineated using MobileMT surveys. Located along a mineralized corridor where historic assays 8 km south returned 0.139 percent U₃O₈, Fishhook is defined by merging conductive features and massive cross-structures, ideal for uranium fluid trapping. The convergence with the Five of Diamonds Trend underscores the corridor’s structural intensity. With similarities to productive zones in the Basin, Fishhook is poised for follow-up geophysics and potential drill targeting.
Stallion’s high priority targets.
Lynx Corridor
Adjacent to Orano’s Uchrich project, Lynx features a 13-km-long conductor hosted in a magnetic and gravity low, often indicative of the required lithological and alteration conditions. MobileMT data shows complex conductive and magnetic responses, further suggesting active hydrothermal systems. Entirely untested by drilling, Lynx represents a high-quality greenfield opportunity with plans for additional groundwork in 2025.
Management Team
Matthew Schwab – CEO and Director
A highly respected exploration geologist, Matthew Schwab played a leading role in the discovery of NexGen’s Arrow deposit and contributed to Hathor’s Roughrider (acquired by Rio Tinto for $654 million). He previously served as CEO of Kraken Energy.
Darren Slugoski – VP Exploration
Darren Slugoski is a geologist with a B.Sc. Honours from the University of Saskatchewan. He has over 10 years of Basin-focused experience, including involvement in the Spitfire and 2021 Gemini discoveries.
Knox Henderson – Head of IR
With 20+ years of capital markets experience, Knox Henderson is the former investor relations lead for Great Bear Resources (acquired by Kinross for $1.8 billion) and Kodiak Copper. His background is in trading and journalism.
Dong Shim – CFO
Dong Shim is a CPA in British Columbia and Illinois, with a deep background in auditing junior miners and supporting public listings on TSXV, CSE and OTC.
Kelly Pladson – Corporate Secretary
Kelly Pladson has been a regulatory and compliance specialist since 2009, managing TSXV and CSE company filings and governance.
Jay Martin – Director
Jay Martin is the CEO of Cambridge House, Canada’s top investment conference producer. He offers broad industry visibility and strategic insight.
Terri Anne Welyki – Director
Terri Anne Welyki is a mining veteran with 15+ years of experience in permitting, stakeholder engagement, and corporate development across North and South America.
Drew Zimmerman – Director
A CFA and former derivatives portfolio manager, Drew Zimmerman brings financial discipline and capital markets acumen to board-level strategy.
Vanguard Mining Finalizes Acquisition of Strategic 90,000 ha Uranium Project Adjacent to UEC's 8.96M-lb Yuty Deposit in Paraguay
Vanguard Mining Corp. ("Vanguard" or the "Company") (UUU: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce that, further to its Letter of Intent (“LOI”) dated April 8, 2025, it has entered into a Definitive Share Purchase Agreement (the “Agreement”) to acquire all of the outstanding shares of 1302343 B.C. LTD. (“BC LTD”) which holds an 85% interest in Paraguay Uranium S.A. (“Paraguay Uranium”) that owns four concessions comprising the Yuty Prometeo Project in southeastern Paraguay, the terms of which are outlined below (“Transaction Terms”).
The four concessions — including the three San Jose and one Yuty Uno concession — collectively span approximately 90,000 hectares (222,395 acres) within the prolific Paraná Basin, one of South America’s most promising uranium regions. The project area is located adjacent to Uranium Energy Corp.’s (“UEC”) established Yuty Deposit, which hosts an Indicated resource of 8.96 million pounds of U₃O₈.
This acquisition follows the Company’s previously announced updates on April 17 and June 12, 2025. Vanguard expects to complete site visits, including core review and data compilation, within the next two weeks. The Company is targeting the completion of its maiden NI 43-101 Technical Report within three weeks.
David Greenway, CEO of Vanguard Mining Corp., commented, "The acquisition of the Yuty Prometeo concessions represents a transformative step forward in Vanguard’s uranium exploration strategy. These highly prospective concessions, located adjacent to UEC’s established Yuty multi-million-pound deposit, position us in one of the most promising uranium regions in South America. We are excited to build on the historical exploration and leverage modern techniques to unlock the project's full potential."
Transaction Terms
Under the terms of the Agreement entered into with 1302343 BC Ltd. and its shareholders (collectively, the “Vendors”), Vanguard will acquire 100% of the issued and outstanding shares of BC LTD. BC LTD which holds an 85% interest in Paraguay Uranium S.A., which in turn owns a 100% legal and beneficial interest in the Yuty Prometeo concessions in southeastern Paraguay. The concessions are contiguous to UEC’s Yuty Deposit, which hosts an Indicated resource of 8.96 million pounds of U₃O₈.
Vanguard has agreed to purchase all of the outstanding shares of BC LTD and its 85% interest in Paraguay Uranium S.A. by:
- Paying $20,000 upon execution of the Agreement; and
- Issuing 8,000,000 common shares of Vanguard to the shareholders of BC LTD, pro rata to their holdings at a deemed price of $0.145; and
- Paying an additional $20,000 upon the issuance of a Prospecting Permit, which authorizes both surface exploration and drilling activities.
The Agreement remains subject to customary due diligence, Closing and applicable regulatory approvals. All securities issued in connection with the transaction will be subject to a four-month and one-day hold period in accordance with Canadian securities laws.
About the Yuty Prometeo Project
The Yuty Prometeo consists of four (4) concessions—three (3) San Jose concessions and one (1) Prometeo concession—covering a combined area of approximately 90,000 hectares (222,395 acres) within the uranium-rich Paraná Basin in southeastern Paraguay.
The Prometeo Concession spans approximately 27,666 hectares (68,368 acres) and is directly contiguous to UEC’s Yuty Project. Historical records reference 28 drill holes on the property, with uranium values ranging from 0.05% to 0.10% U₃O₈. Data from previous work by the Anschutz Corporation suggest that the Prometeo block lies on trend with UEC’s adjacent Transandes block.
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Figure 1: Project map of the Yuty Prometeo Concessions showing regional road access, Vanguard’s San Jose and Prometeo concession boundaries, and the adjacent Uranium Energy Corp. (UEC) Yuty Project.
The San Jose Concessions encompass approximately 62,210 hectares (153,754 acres) across three contiguous claims situated along the Upper Permian–Carboniferous contact, approximately 100 km northwest of UEC’s Yuty Project and 40 km west of its Coronel Oviedo Project. A radiometric car survey conducted over a 40 km by 10 km area delineated significant uranium anomalies across the property. Collectively, these concessions represent a strategically positioned and highly prospective uranium exploration asset within one of South America’s most promising uranium districts.
Notes:
Vanguard concession blocks are shown as Vanguard Mining and outlined with black-orange lines. Radiometric anomalies: Increasing intensity is shown in yellow-pink-red-violet-blue.
About UEC’s Yuty ISR Project
The Yuty ISR Project, owned by UEC, covers approximately 117,359 hectares (290,000 acres) and is located about 200 kilometers east and southeast of Asunción, the capital of Paraguay. Positioned within the Paraná Basin, the area hosts several known uranium deposits, including Figueira and Amorinópolis in Brazil. Preliminary studies indicate the deposit is amenable to in situ recovery (“ISR”) — the same low-cost extraction method UEC successfully employs at its operations in Texas.
Modern exploration of the Yuty Project began in 1976, when Anschutz of Denver, Colorado, conducted regional uranium exploration under a joint venture with Korea Electric Power Corporation and Taiwan Power Company. Working under an exclusive concession covering 162,700 square kilometers, nearly the entire eastern half of Paraguay, Anschutz identified multiple target areas, including Yuty. From 1976 to 1983, the company drilled approximately 75,000 meters of core and rotary holes, halting further work due to declining uranium prices.
In July 2006, CUE Resources Ltd. (“CUE”) acquired an option on the Yuty Project and launched its own rotary and diamond drilling campaigns. Between 2007 and 2010, CUE completed 256 drill holes totaling 31,000 meters, ultimately acquiring 100% ownership of the project.
On March 30, 2012, UEC acquired all outstanding shares of CUE Resources Ltd., securing a 100% undivided interest in the Yuty Project.1
Resource Estimates
The current disclosed resource for UEC’s Yuty Project is 8.962 million lbs of U308 Indicated, and 2.203 million lbs of U308 Inferred, which has been finalized in a technical report prepared for UEC titled “Yuty Uranium Project Initial Assessment US SEC Subpart 1300 Regulation SK Report, Paraguay SA” dated July 1, 2022. 2
Vanguard’s management cautions that past results or discoveries on properties adjacent to Vanguard’s projects may not be indicative of mineralization on the Company’s own properties.
About Paraguay
The Republic of Paraguay is an emerging mining jurisdiction in the heart of South America, bordered by Brazil, Argentina, and Bolivia. Known for its political stability, low sovereign risk, and investor-friendly regulatory environment, Paraguay offers a supportive framework for mineral exploration and development. The country has a democratic government, strong legal protections for foreign investment, and a growing interest in unlocking its untapped mineral potential, particularly in uranium, rare earth elements, and base metals. With abundant land, a relatively low population density, and improving infrastructure, Paraguay is increasingly recognized as a geopolitically stable and strategically attractive destination for mining companies seeking long-term growth opportunities.
About Vanguard Mining Corp.
Vanguard Mining Corp. is a mineral exploration and development company dedicated to the discovery and advancement of high-value strategic mineral assets. The Company is focused on creating long-term value through the responsible acquisition and development of highly prospective projects located in stable, mining-friendly jurisdictions worldwide.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, X.com, Facebook and Instagram and sign up for updates at Vanguardminingcorp.com
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Lawrence Segerstrom, a consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
On Behalf of the Board of Directors
“David Greenway”
David Greenway, CEO
For further information, please contact:
Vanguard Mining Corp.
Brent Rusin
Phone: +1 672-533-0348
E-Mail: brent@vanguardminingcorp.com
Website: vanguardminingcorp.com
Neither the Canadian Securities Exchange 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.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Vanguard’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. 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 Vanguard will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Vanguard’s results of exploration or review of properties that Vanguard does acquire. These forward-looking statements are made as of the date of this news release and Vanguard assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.