Purepoint Uranium Provides Q2 Corporate Update on Exploration Activities

Purepoint Uranium Provides Q2 Corporate Update on Exploration Activities

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") provided its Q2 corporate update on exploration activities across its portfolio of uranium projects in Canada's Athabasca Basin. This exploration update highlights the continued advancement of multiple high-priority targets as Purepoint executes on its 2025 exploration strategy alongside industry-leading joint venture partners.

Smart Lake Joint Venture (Cameco/Purepoint)

  • Field crews are currently on site, and drilling is underway at Smart Lake. The program is progressing well and consists of four holes totaling approximately 1,400 metres, targeting three discrete conductors identified during the 2024 ground EM survey of the Groomes Lake corridor.

  • These drill targets represent previously untested areas of strong conductivity associated with a favourable structural setting. Drilling is expected to conclude by the end of April.

Dorado Joint Venture (IsoEnergy/Purepoint)

  • Following the completion of the Smart Lake program, drilling is scheduled to begin at the Dorado Project in Q2 2025.

  • The approved program includes approximately 6,100 metres across 17 holes. Drilling will test a series of graphitic conductors that wrap around a central granitic dome, with target areas prioritized based on a consolidated geological model that now includes both the Turnor Lake and Geiger regions.

  • Exploration permits for Edge and Full Moon are in hand, and the Turnor Lake permit amendment has also been approved.

Aurora Joint Venture (IsoEnergy/Purepoint)

  • The airborne geophysical survey originally scheduled for early 2025 has been deferred to later this summer. The survey will cover the Collins Bay Extension and is intended to refine shallow targets in proximity to the McClean Lake and Rabbit Lake infrastructure.

Celeste Joint Venture (IsoEnergy/Purepoint)

  • Permitting for 2025 exploration is complete for the Celeste Block East region, where initial drilling in late Q3 is planned to test shallow conductor systems. The broader Celeste Block remains in early-stage target development with future drilling subject to additional refinement of geophysical results.

Denare West (Foran Mining/Purepoint)

  • In February, the Company reported Foran Mining's completion and interpretation of a VTEM Max airborne EM survey across the Denare West project. Located 9 kilometres southeast of Foran's McIlvenna Bay deposit, the survey identified numerous conductive anomalies consistent with the geologic horizon that hosts other known VMS deposits in the region.

  • Results from the airborne EM survey are now being modeled and integrated with historical datasets to prioritize drill targets. Foran continues to advance the project under a $19 million option agreement.

Tabbernor Project (100% Purepoint)

  • The recently reported interpretation of the 7,549 line-kilometre FALCON gravity and magnetic survey has defined three priority zones exhibiting gravity low anomalies associated with potential hydrothermal alteration. Planning for the 2025 exploration program is underway, and the required exploration permit has been received. Follow-up work is expected to include boulder sampling, drilling, prospecting, and soil geochemistry.

Purepoint remains committed to advancing its projects through focused exploration and community collaboration as we respond to growing demand for uranium. Further updates will be provided as work progresses.

About Purepoint Uranium Group Inc.

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc., and IsoEnergy Ltd.

Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

Scott Frostad BSc, MASc, P.Geo., Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247032

News Provided by Newsfile via QuoteMedia

PTU:CA
Purepoint Uranium

Purepoint Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Purepoint Uranium (TSXV:PTU, OTCQB:PTUUF)

Purepoint Uranium


Keep reading...Show less

Backed by Industry Leaders. Built for Large-Scale Exploration

Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") announces the closing of the final tranche of its previously announced private placement (the "Private Placement") comprising of a combination of:

  • 5,768,824 Saskatchewan charity flow through units (the "SK Flow Through Units") at a price of $0.65 per unit for aggregate gross proceeds of $3,749,735.60; and
  • 3,041,295 National charity flow through units (the "NT Flow Through Units", together with the SK Flow Through Units, the "Flow Through Units") at a price of $0.59 per unit for aggregate gross proceeds of $1,794,364.05.

"This final tranche not only completes our raise but strengthens our alignment with IsoEnergy and reinforces our shared commitment to long-term uranium discovery in the Basin," said Chris Frostad, President & CEO of Purepoint. "With exploration now underway across several properties, this financing ensures we can move into the fall and winter seasons with both momentum and flexibility."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium Sets Final Size of Private Placement at $6 Million

Purepoint Uranium Sets Final Size of Private Placement at $6 Million

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") announces that it has set the final size of its previously announced non-brokered flow-through private placement (the "Offering") at $6,000,000. The book is now fully subscribed, and no further subscriptions will be accepted.

The Offering will now be comprised of a combination of the following:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium Increases Flow-Through Private Placement to $5,000,000

Purepoint Uranium Increases Flow-Through Private Placement to $5,000,000

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce that due to strong investor demand, it has increased the offering size of the non-brokered private placement, previously announced on August 13, 2025, from $3,000,000 to $5,000,000 (the "Offering").

IsoEnergy Ltd. (TSX: ISO) (NYSE American: ISOU) ("IsoEnergy"), the Company's joint venture partner for the Dorado, Aurora and Celeste projects, located in the Athabasca Basin, Saskatchewan has confirmed its intention to invest $1,000,000 in support of the Company's financing efforts.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium Announces $3 Million Charity Flow-Through Private Placement

Purepoint Uranium Announces $3 Million Charity Flow-Through Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced a non-brokered private placement (the "Offering") for aggregate gross proceeds of up to $3,000,000 from the sale of a combination of the following:

  • Saskatchewan flow-through units of the Company (each, a "SFT Unit") at a price of $0.65 per SFT Unit with each SFT Unit consisting of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a "SFT Share") and one common share purchase warrant (each, a "Warrant"); and
  • National flow-through units of the Company (each, a "NFT Unit", together with the SFT Unit, the "CFT Units") at a price of $0.59 per NFT Unit with each NFT Unit consisting of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a "NFT Share", together with the SFT Shares, the "FT Shares") and one Warrant.

Each Warrant entitles its holder to purchase one common share of the Company (each a "Warrant Share") at an exercise price of $0.50 per share for a period of 24 months from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium Group Inc. Closes $1 Million Private Placement

Purepoint Uranium Group Inc. Closes $1 Million Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced today the closing of its previously announced non-brokered private placement (the "Private Placement"). In connection with the closing, the Company issued 4,607,200 flow-through units ("Flow-Through Units") at a price of $0.23 per unit for aggregate gross proceeds of $1,059,656. Each Flow-Through Unit consists of one common share in the capital of the Company issued on a "flow through" basis pursuant to the Income Tax Act (Canada) and one-half (12) common share purchase warrant. Each whole warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.30 per share for a period of 24 months from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Alvopetro Announces August 2025 Sales Volumes

Alvopetro Announces August 2025 Sales Volumes

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces August sales volumes of 2,375 boepd, based on field estimates. In Brazil August sales volumes averaged 2,257 boepd, including natural gas sales of 12.7 MMcfpd, associated natural gas liquids sales from condensate of 132 bopd and oil sales of 9 bopd. The large relative contribution of production from our 100% Murucututu field in August relates to the start of production from our 183-D4 well which commenced production later in August. From August 20 through September 3 the 183-D4 well produced at an average rate of 162 e 3 m 3 d (5.7 MMcfpd, 954 boepd) and we recovered 5,482 barrels of completions fluid and 1,033 barrels of natural gas liquids from condensate. Over the past 24 hours the well is producing through a constant 3664"choke at an average rate of 179 e 3 m 3 d (6.3 MMcfpd, 1,052 boepd) with a 1,015 psi flowing wellhead pressure and recovered 151 barrels of condensate (total well production 1,203 boepd) and 117 barrels of completions fluid. There are 10,322 barrels of 15,806 barrels of completions fluid left to recover. Given these extremely strong production results we are currently producing the Murucututu field from this single well as we are limited by our current facility capacity at Murucututu. As we continue to monitor these initial flow results, we will be evaluating options to improve production capacity of the system to allow for more production from the Murucututu field.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement

Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Stallion Uranium Corp. (the " Company " or " Stallion " ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that it has closed a second and final tranche of its previously announced non-brokered private placement of units and flow-through units (the " Offering "). This closing consisted of 22,305,600 units of the Company (each a " NFT Unit ") at a price of $0.20 per NFT Unit for aggregate gross proceeds of $4,461,120 and 30,139,600 flow-through units (each a " FT Unit ") at a price of $0.20 per FT Unit for aggregate gross proceeds of $6,027,920.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Coelacanth Announces Q2 2025 Financial and Operating Results

Coelacanth Announces Q2 2025 Financial and Operating Results

Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. All dollar figures are Canadian dollars unless otherwise noted.

FINANCIAL RESULTS
Three Months Ended

Six Months Ended

June 30

June 30
($000s, except per share amounts)
2025

2024

% Change
2025

2024

% Change











Oil and natural gas sales
4,828

3,164

53

7,494

6,830

10











Cash flow from (used in) operating activities
(1,826 )
(480 )
280

(845 )
2,776

(130 )
Per share - basic and diluted (1)
(-)

(-)

-

(-)

0.01

(100 )











Adjusted funds flow (used) (1)
(600 )
262

(329 )
(2,040 )
1,340

(252 )
Per share - basic and diluted
(-)

-

(-)

(-)

-

(-)











Net loss
(3,464 )
(2,329 )
49

(7,081 )
(3,530 )
101
Per share - basic and diluted
(0.01 )
(-)

100

(0.01 )
(0.01 )
-











Capital expenditures (1)
14,273

2,522

466

39,974

3,785

956











Adjusted working capital (deficiency) (1)






(41,901 )
64,386

(165 )











Common shares outstanding (000s)










Weighted average - basic and diluted
532,274

529,400

1

531,862

529,298

-











End of period - basic






532,866

530,126

1
End of period - fully diluted






591,544

617,804

(4 )

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Coelacanth Energy Inc. Announces Operations Update, Revised Reserve Report and Initial Resource Report

Coelacanth Energy Inc. Announces Operations Update, Revised Reserve Report and Initial Resource Report

Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) ("Coelacanth" or the "Company") has provided an Operations Update, Reserve Report, and Resource Report.

OPERATIONS UPDATE

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Purepoint Uranium

Purepoint Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×