Denison Mines Corp (DNN)

Cosa Announces C$5 Million Bought Deal Private PlacementJune 3, 2026 6:22 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 3, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has entered into an agreement with Velocity Trade Capital Ltd., on behalf of itself and a syndicate of underwriters to include Haywood Securities Inc. as co-lead underwriter (collectively, the "Underwriters") who have agreed to purchase, on a "bought deal" private placement basis: (i) 1,670,000 common shares of the Company (the "Non-FT Shares") at a price of C$0.60 per Non-FT Share, (ii) 3,045,000 charity flow-through common shares of the Company (the "Charity FT Shares") at a price of C$0.99 per Charity FT Share, and (iii) 1,430,000 flow-through common shares of the Company (the "FT Shares", and together with the Non-FT Shares and Charity FT Shares, the "Offered Securities") at a price of C$0.70 per FT Share, for aggregate gross proceeds to the Company of C$5,017,550 (collectively, the "Offering"). Cosa's largest shareholder, Denison Mines Corp. (TSX: DML) (NYSE American: DNN) ("Denison"), is expected to participate in the Offering pursuant to its pre-emptive and top-up rights under the investor rights agreement between Denison and Cosa dated January 14, 2025. Denison is a leading Athabasca Basin-focused uranium mining, development, and exploration company with a market capitalization of over C$4.5 billion. Denison's current focus is advancing the development-stage Wheeler River project, which represents one of the largest undeveloped uranium mining projects in the infrastructure rich eastern portion of the Athabasca Basin.In addition, the Company has granted the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part by the Underwriters, at any time up to 48 hours prior to the Closing Date (as defined below), to purchase up to an additional C$750,000 of Offered Securities, in any combination of Non-FT Shares, Charity FT Shares, and/or FT Shares, at the respective issue prices above.Each Charity FT Share and FT Share will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and will qualify as an "eligible flow-through share" as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). The Company intends to use the net proceeds from the sale of Non-FT Shares to fund exploration and development and for additional working capital purposes. The gross proceeds from the sale of Charity FT Shares and FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada), and to incur "eligible flow-through mining expenditures" pursuant to The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the "Qualifying Expenditures") related to the Company's uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2027. All Qualifying Expenditures will be renounced in favour of the subscribers of Chairty FT Shares and FT Shares effective December 31, 2026. In the event that the Company does not renounce on or prior to December 31, 2026 Qualifying Expenditures in amount equal to the gross proceeds of the Charity FT Shares and FT Shares purchased and/or if the amount of the Qualifying Expenditures is reduced upon assessment or reassessment by the Canada Revenue Agency, the Company will indemnify each Charity FT Share and FT Share initial subscriber for the additional income taxes payable by such initial subscriber as a result of the Company's failure to renounce the Qualifying Expenditures or as a result of the reduction.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the FT Shares will be offered by way of the "accredited investor", "family, friends and business associates" and "minimum amount investment" exemptions under NI 45-106 in all of the provinces of Canada. The FT Shares issuable pursuant to the Offering will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date under applicable Canadian securities laws. The Non-FT Shares and Charity FT Shares will be offered pursuant to Section Part 5A.2 of National Instrument 45-106 Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption to purchasers in each of the provinces Canada (other than the province of Quebec). The Underwriters will also be entitled to offer the Shares for sale in the United States pursuant to available exemptions from the registration requirements of the United States, and in certain other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation, ongoing reporting requirement or requisite regulatory or governmental approval arises in such other jurisdictions. The Non-FT Shares and Charity FT Shares issuable pursuant to the Offering will not be subject to a hold period in Canada, other than any hold periods required by the TSX Venture Exchange (the "TSXV").The Offering is expected to close on or about June 24, 2026 (the "Closing Date"), or such other date as the Company and the Underwriters may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSXV.There is an offering document (the "Offering Document") related to the offering of Non-FT Shares and Charity FT Shares that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and the Company's website at www.cosaresources.ca. Prospective investors of Non-FT Shares and Charity FT Shares should read the Offering Document before making an investment decision.The Offered Securities described in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any United States state securities laws, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons absent registration or an exemption from registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, not in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The terms "United States" and "U.S. person" used herein are as defined in Regulation S under the U.S. Securities Act.About Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects.The Company's primary focus through the remainder of 2026 will be drilling at the Murphy Lake North and Darby projects in the eastern Athabasca Basin. Drilling at Murphy Lake North will follow up uranium mineralization within an extensive zone of strong structure and hydrothermal alteration at the Cyclone trend. Drilling at Darby will follow up on intersections of anomalous geochemistry, structure, and zones of hydrothermal alteration from both winter 2026 drilling and historical drilling.Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.ContactKeith Bodnarchuk, President & CEO

Cosa Announces Largest Drill Program to Date at Murphy Lake North with Participation from Denison MinesMay 28, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce summer plans for the largest drill program to date at the Company's Murphy Lake North ("MLN") project. Drilling is set to commence in mid-June and will follow up on uranium mineralization intersected in winter 2026. Muphy Lake North is a joint venture (the "Joint Venture") between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) ("Denison") and is located three kilometres east of IsoEnergy's Hurricane deposit, in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.HighlightsMultiple intersections of unconformity related uranium mineralization remain open along strike for 600 metres in both directions; drilling to focus on step-out tests of the Cyclone mineralization approximately 265 metres below surfaceLargest drill program to date at Murphy Lake North will commence in mid-June and comprise approximately 6,000 metres, 15 drill holesDenison participating in funding 2026 exploration at MLN to maintain its 30% interest Keith Bodnarchuk, President and CEO, commented: "Having intersected 5.0 metres averaging 0.55% U3O8 within an extensive structure and alteration zone that remains open along strike, we are eager to return to site and commence what will be the largest drill program for Cosa and the Murphy Lake North Joint Venture since the inception of the Company. With Denison's support and participation in the funding of ongoing exploration, we are very excited to follow up the uranium mineralization at Murphy Lake North." Andy Carmichael, Vice President of Exploration, commented: "Exploration at Cyclone has progressed from initial drilling on the trend to preparing to follow up multiple intersections of uranium mineralization with significant untested strike in both directions in less than one year. We draw great encouragement from the similarity of Cyclone's sandstone alteration patterns to those at Hurricane, and from the significant nickel and cobalt coincident with uranium mineralization similar to Key Lake, Cigar Lake, and Hurricane." Planned Murphy Lake North DrillingSummer drilling at Murphy Lake North is expected to comprise approximately 15 drill holes totaling 6,000 metres focused on following up uranium mineralization intersected during winter 2026 which is open along strike for 600 metres in both directions. Drilling on section 3200E (Figure 2) will target major faults with alteration which remain untested at the unconformity, including the area south of mineralized drill hole MLN26-016 where mineralization is open for 40 metres to the south (Table 1, Figure 3). Drilling on 3200E will be followed by progressive step outs along strike. Additional compelling targets have been generated 600 metres to the east and 600 metres to the west by reinterpreting summer 2025 drilling results in the context of the winter 2026 results.Next StepsCrews are preparing to mobilize, and a rapid start-up is expected as the drill and supporting equipment remains on site at MLN. The Company expects to announce the commencement of drilling in mid-June, which will take approximately two months to complete, and will be followed by drilling at the Company's Darby joint venture.Table 1 - MLN Winter 2026 Assay ResultsHole
IDFrom
(m)To
(m)Length
(m)Radioactivity
(CPS)1, 2, 3U3O84
%Ni4
%Co4
%Orientation
(Azi./Dip)LocationMLN26-013306.5307.00.5>3500.020.090.02166o / -60oSection 3200Eand307.5308.00.5>1,0000.250.260.04

and308.5313.55.0>1,0000.554.091.73

incl.310.5313.02.5>5,0000.954.502.29

incl.310.5311.00.5>13,0001.706.012.50

MLN26-014278.3278.80.53500.040.090.04170o / -75oSection 3200EMLN25-015No significant radioactivity000o / -90oSection 3200EMLN26-016286.5287.51.0>3500.040.070.04165o / -65oSection 3200EMLN26-017No significant radioactivity000o / -90oSection 3200E 1 - Radioactivity is total gamma from drill core measured with an RS-125 hand-held spectrometer
2 - Measurements of total gamma from drill core are an indication of uranium content but may not correlate with chemical assays
3 - Radioactivity previously released
4 - Assays previously released Figure 1 - Cosa's Eastern Athabasca Uranium Projects with Joint Venture ProjectsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/299137_dde43bf1d43a1b42_003full.jpgFigure 2 - Murphy Lake North Project OverviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/299137_dde43bf1d43a1b42_004full.jpgFigure 3 - Murphy Lake North Section 3200To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/299137_dde43bf1d43a1b42_005full.jpgAbout Murphy Lake North MLN covers a portion of the Larocque Lake trend and is located 2.7 kilometres east of the Hurricane deposit (Figures 1 and 2). Hurricane is the world's highest-grade indicated uranium resource and was discovered and delineated for IsoEnergy Ltd. by current members of Cosa's team. The Larocque Lake trend also hosts the high-grade Larocque Lake Zone, Yelka Prospect, and Alligator Lake Zone. MLN contains the along-strike extension of basement geology underlying the Hurricane deposit (the Hurricane trend), as well as a parallel conductive trend to the south (the Cyclone trend). Cosa's winter 2026 drill program intersected several metres of basement hosted uranium mineralization within a broader zone of strong structure and alteration at the Cyclone trend. Following up these results is the primary objective for the remainder of 2026 at MLN.About Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. The Company's primary focus through the remainder of 2026 will be drilling at the Murphy Lake North and Darby projects in the eastern Athabasca Basin. Drilling at Murphy Lake North will follow up uranium mineralization within an extensive zone of strong structure and hydrothermal alteration at the Cyclone trend. Drilling at Darby will follow up on intersections of anomalous geochemistry, structure, and zones of hydrothermal alteration from both winter 2026 drilling and historical drilling. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.Technical DisclosureHistorical drilling and geophysical results for MLN were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for MLN and adjacent projects include file numbers 64L05-0161, 64L05-0180, 74I-0060, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0057, 74I09-0061, 74I09-0064, 74I09-0066, 74I09-0071, 74I09-0077, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, 74I09-0098, MAW00510, MAW01939, MAW02327, MAW02599, and MAW02395. Data and reports related to the 2020 ground EM survey completed by Denison are not presently available via SMAD and were supplied to Cosa by Denison.Verification of historical drilling results included confirming historical drill hole collar locations from air photos and ground checking selected collars with a handheld GPS unit. Basement and lower sandstone sections from most historical drill holes were relogged in 2024 and 2025 by Cosa. Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling survey data and interpretations, and evaluating whether interpreted geophysical results could be reasonably explained by historical and current drilling results. For MLN, Cosa engaged a consultant to re-interpret historical geophysical surveys to validate selected previous interpretations. Anomalous radioactivity in drill core was measured by removing 0.5 metre intervals of drill core to an area of background radioactivity and scanning it with an RS-125 hand held spectrometer to determine average CPS. Sampling was completed by collecting half-core splits measuring 0.5 metres in length with intervals that align with radioactive measurement intervals. Samples were transported to SRC Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan (ISO/IEC 17025:2005 accredited) for U3O8 assay and multielement analysis. Cosa inserts certified reference material (CRM) blanks and standards into the split core sample series as a QA/QC measure. SRC conducts a QA/QC programme which includes repeat analyses and insertion of CRM standards CAR218, BL4A, and BL2A. SRC's CRM results are verified by Cosa staff. U3O8 assay results are compared to RS-125 hand held scintillometer readings and down hole gamma probe results to verify chemical assays and measured radioactivity align.Qualified PersonThe Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.ContactKeith Bodnarchuk, President and CEO

Cosa Intersects up to 1.7% U3O8 Within Interval of 5.0 m of 0.55% U3O8 at Murphy Lake North Joint Venture with Denison MinesMay 26, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to report that chemical assays confirm previously-announced radioactive intersections include up to 1.7% U3O8 within a broader interval of 5.0 metres of 0.55% U3O8 at the Company's Murphy Lake North ("MLN") project. Muphy Lake North is a joint venture (the "Joint Venture") between Cosa and Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) and is located three kilometres east of IsoEnergy's Hurricane deposit, in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.HighlightsUranium mineralization confirmed in three holes featuring a best intercept in MLN26-013 of 5.0 metres averaging 0.55% U3O8 including 0.5 metres 1.7% U3O8 along the Cyclone trendThe 5.0 metre uranium intersection in MLN26-013 also contains 4.1% nickel and 1.7% cobalt, consistent with multiple polymetallic eastern Athabasca uranium deposits including Cigar Lake, Key Lake, and HurricaneUranium mineralization is shallow at 265 metres depth and remains open along strike for 600 metres to the west and 600 metres to the east Joint Venture is in final stages of planning its largest drill program to date to follow up these resultsKeith Bodnarchuk, President and CEO, commented: "This is a significant result for Cosa, with the assays confirming that Cyclone hosts uranium mineralization comparable to discovery intersections from multiple Athabasca uranium deposits. The Cyclone trend is an extensive corridor of strong structure and alteration that now features uranium mineralization that is open along strike for 600 metres in both directions. We expect to update the market in the coming days with plans for our largest drill program to date as a company. We appreciate the continued support and participation from our largest shareholder and Joint Venture partner Denison, and we have never been more excited to return to site and resume drilling."Andy Carmichael, Vice President of Exploration, commented: "Winter drilling showed that the Cyclone sandstone alteration patterns, basement lithologies, and faulting are strikingly similar to those at the nearby Hurricane deposit. Chemical assays indicate that Cyclone uranium mineralization contains significant quantities of nickel and cobalt, consistent with Hurricane and current- and past-producing mines like Key Lake and Cigar Lake. We are very encouraged that results have continued to improve as exploration advances and we are eager to continue follow up both on section and along strike." Murphy Lake North Geochemical AssaysChemical assays confirm uranium mineralization is the source of anomalous radioactivity intersected in three of five winter drill holes at the Murphy Lake North Joint Venture announced April 13, 2026 (Table 1, Figures 2 and 3). The strongest uranium mineralization is in MLN26-013, which intersected up to 1.7% U3O8 over 0.5 metres (310.5 - 311.0 metres) within a broader interval averaging 0.55% U3O8 over 5.0 metres (308.5 - 313.5 metres). Like sandstone hosted uranium deposits such as Hurricane, Key Lake, and Cigar Lake, the mineralization is polymetallic and includes significant quantities of nickel and cobalt.The 1.0 metre mineralized interval directly below the unconformity in MLN26-016 is immediately north of the strongest basement faulting intersected at Cyclone and 40 metres north of the nearest hole on section, suggesting a potential near-miss of the ideal target with significant space for additional mineralization (Figure 3).All mineralized intersections remain open along strike for at least 600 metres to the east and 600 metres to the west. Table 1 - MLN AssaysHole
IDFrom
(m)To
(m)Length
(m)Radioactivity
(CPS)1, 2, 3U3O8
%Ni
%Co
%Orientation
(Azi./Dip)LocationMLN26-013306.5307.00.5>3500.020.090.02166o / -60oSection 3200Eand307.5308.00.5>1,0000.250.260.04

and308.5313.55.0>1,0000.554.091.73

incl.310.5313.02.5>5,0000.954.502.29

incl.310.5311.00.5>13,0001.706.012.50

MLN26-014278.3278.80.53500.040.090.04170o / -75oSection 3200EMLN25-015No significant radioactivity000o / -90oSection 3200EMLN26-016286.5287.51.0>3500.040.070.04165o / -65oSection 3200EMLN26-017No significant radioactivity000o / -90oSection 3200E 1 - Radioactivity is total gamma from drill core measured with an RS-125 hand-held spectrometer
2 - Measurements of total gamma from drill core are an indication of uranium content but may not correlate with chemical assays
3 - Radioactivity previously releasedNext StepsThe Company is currently finalizing summer drill plans which it plans to announce shortly. Drilling is expected to commence in mid-June.Figure 1 - Cosa's Eastern Athabasca Uranium Projects with Joint Venture ProjectsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/298814_b288d57594534b40_003full.jpgFigure 2 - Murphy Lake North Project Overview To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/298814_b288d57594534b40_004full.jpgFigure 3 - Murphy Lake North Section 3200 To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/298814_b288d57594534b40_005full.jpgAbout Murphy Lake North MLN covers a portion of the Larocque Lake trend and is located 2.7 kilometres east of the Hurricane deposit (Figures 1 and 2). Hurricane is the world's highest-grade indicated uranium resource and was discovered and delineated for IsoEnergy Ltd. by current members of Cosa's team. The Larocque Lake trend also hosts the high-grade Larocque Lake Zone, Yelka Prospect, and Alligator Lake Zone. MLN contains the along-strike extension of basement geology underlying the Hurricane deposit (the Hurricane trend), as well as a parallel conductive trend to the south (the Cyclone trend). Cosa's winter 2026 drill program intersected several metres of basement hosted uranium mineralization within a broader zone of strong structure and alteration at the Cyclone trend. Following up these results is the primary objective for the remainder of 2026 at MLN.About Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. The Company's primary focus through the remainder of 2026 will be drilling at the Murphy Lake North and Darby projects in the eastern Athabasca Basin. Drilling at Murphy Lake North will follow up uranium mineralization within an extensive zone of strong structure and hydrothermal alteration at the Cyclone trend. Drilling at Darby will follow up on intersections of anomalous geochemistry, structure, and zones of hydrothermal alteration from both winter 2026 drilling and historical drilling. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.Technical DisclosureHistorical drilling and geophysical results for MLN were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for MLN and adjacent projects include file numbers 64L05-0161, 64L05-0180, 74I-0060, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0057, 74I09-0061, 74I09-0064, 74I09-0066, 74I09-0071, 74I09-0077, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, 74I09-0098, MAW00510, MAW01939, MAW02327, MAW02599, and MAW02395. Data and reports related to the 2020 ground EM survey completed by Denison are not presently available via SMAD and were supplied to Cosa by Denison.Verification of historical drilling results included confirming historical drill hole collar locations from air photos and ground checking selected collars with a handheld GPS unit. Basement and lower sandstone sections from most historical drill holes were relogged in 2024 and 2025 by Cosa. Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling survey data and interpretations, and evaluating whether interpreted geophysical results could be reasonably explained by historical and current drilling results. For MLN, Cosa engaged a consultant to re-interpret historical geophysical surveys to validate selected previous interpretations. Anomalous radioactivity in drill core was measured by removing 0.5 metre intervals of drill core to an area of background radioactivity and scanning it with an RS-125 hand held spectrometer to determine average CPS. Sampling was completed by collecting half-core splits measuring 0.5 metres in length with intervals that align with radioactive measurement intervals. Samples were transported to SRC Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan (ISO/IEC 17025:2005 accredited) for U3O8 assay and multielement analysis. Cosa inserts certified reference material (CRM) blanks and standards into the split core sample series as a QA/QC measure. SRC conducts a QA/QC programme which includes repeat analyses and insertion of CRM standards CAR218, BL4A, and BL2A. SRC's CRM results are verified by Cosa staff. U3O8 assay results are compared to RS-125 hand held scintillometer readings and down hole gamma probe results to verify chemical assays and measured radioactivity align.Qualified PersonThe Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.ContactKeith Bodnarchuk, President and CEO

Inside America's Largest Conventional Measured and Indicated Uranium Deposit: Eagle Nuclear Energy Advances Aurora Toward Pre-FeasibilityMay 14, 2026 10:57 AM
PR Newswire (US) Issued on behalf of Eagle Nuclear Energy Corp.Environmental baseline studies commence at flagship Aurora Uranium Project ahead of 27,000-foot, 47-hole drill program scheduled to commence in July 2026; PFS targeted second half of 2027NEW YORK, May 14, 2026 /PRNewswire/ -- Equity Insider News Commentary — The United States burns through roughly 50 million pounds of uranium each year to fuel the world's largest fleet of nuclear reactors, and imports approximately 95% of that uranium from foreign suppliers.[1] That structural import dependence — combined with accelerating demand projections for nuclear power across AI data centers, grid expansion, and emerging space-deployment mandates — has placed domestic uranium development firmly into the national security conversation. Spot uranium pricing reached approximately $86.55 per pound as of May 1, 2026, up 24% over the trailing twelve months, providing the price backdrop against which the small group of U.S.-asset uranium developers has been advancing through the spring of 2026.[2] Eagle Nuclear Energy Corp. (NASDAQ: NUCL) — a next-generation nuclear energy company that owns the rights to the largest conventional, measured and indicated uranium deposit in the United States— on May 5, 2026 announced the commencement of environmental baseline studies in advance of the Company's previously announced 27,000-foot, 47-hole Pre-Feasibility Study ("PFS")-related drill program at its flagship Aurora Uranium Project, located along the Oregon–Nevada border.[3] The studies are being conducted by numerous engaged consultants ahead of the drill program, which is scheduled to commence in early July 2026 using two to three rigs over an estimated three- to four-month period.[3]Aurora: A Defined Conventional Uranium ResourceThe Aurora Uranium Project hosts 32.75 million pounds of indicated and 4.98 million pounds of inferred uranium resource under the SK-1300 TRS reporting standard.[2] The adjacent Cordex deposit, also held by the Company, is positioned as offering significant potential to expand the project's overall resource inventory beyond Aurora's current indicated and inferred base.[3] Together, the assets anchor Eagle's stated long-term strategy to develop an integrated nuclear energy platform that combines domestic uranium resources with exclusive Small Modular Reactor (SMR) technology —the integrated platform strategy the Company has emphasized since its February 25, 2026 Nasdaq listing..[2]Drill Program Engineering and Permitting SequenceOn April 1, 2026, Eagle announced its plans to conduct a 27,000-foot drill program at Aurora — designed by resource consultants BBA USA Inc. ("BBA") to address data gaps identified through a comprehensive Gap Analysis study and advance the project toward a PFS.[4] On April 9, 2026, the Company signed a Drilling Services Agreement with Fallon, Nevada-based Harris Exploration Drilling & Associates Inc. ("Harris Drilling"), which committed up to three track-mounted core drill rigs to complete the 47-hole program designed by BBA.[5]The permitting workstream advanced in parallel. On March 18, 2026, Eagle selected SLR International Corporation to lead the permitting effort at Aurora — a leading global mining and environmental consulting firm bringing experience with the federal and state permitting process for U.S. uranium developments.[6] On March 10, 2026, the Company announced it had joined the Uranium Producers of America — an industry trade association that aligns Eagle with the broader U.S. domestic uranium policy conversation.[6]The Company on April 15, 2026 provided its first quarter 2026 corporate update and financial results — the first quarter following the February 24, 2026 completion of its business combination with Spring Valley Acquisition Corp. II and the February 25, 2026 commencement of Nasdaq trading under the symbol "NUCL."[7]A Tightening Uranium Market BackdropThe price environment for U.S. domestic uranium developers has continued to firm through Q2 2026. Spot uranium pricing at approximately $86.55 per pound as of May 1, 2026 represents one of the strongest sustained price ranges of the past decade for the metal.[2] White House National Science and Technology Memorandum 3, issued April 14, 2026, mandates space-based nuclear deployment by 2028 and lunar reactor deployment by 2030 — federal directives that have increased the strategic importance of domestic uranium and the enriched fuel cycle running adjacent to it.[8]Across the broader uranium sector, producers operating U.S. and adjacent assets continue to reinforce the growing demand backdrop Eagle is advancing into. .Cameco Corporation (NYSE: CCJ) (TSX: CCO), one of the world's largest publicly listed uranium producers, has continued to advance the Cigar Lake operation and the McArthur River/Key Lake restart in the Athabasca Basin of Saskatchewan — alongside its strategic 49% interest in Westinghouse Electric Company. The Company has remained the benchmark name for senior uranium production exposure in the public markets.Uranium Energy Corp. (NYSE American: UEC) has continued to advance its U.S.-based in-situ recovery uranium production platform across Texas and Wyoming, alongside development-stage assets in the Powder River and Great Divide basins. UEC's positioning as one of the larger pure-play U.S. uranium developers makes its operational cadence a useful read on the broader U.S. uranium production conversation that Eagle's Aurora development pathway sits within.Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the U.S.'s largest producer of uranium concentrates and a leading rare earth elements producer, operates the White Mesa Mill in Utah — the only fully licensed and operating conventional uranium mill in the United States. Energy Fuels' integrated U.S. uranium-and-critical-minerals positioning has continued to draw attention as the broader domestic supply chain policy conversation has accelerated.Denison Mines Corp. (NYSE American: DNN) (TSX: DML) has continued to advance its Phoenix In-Situ Recovery uranium project at Wheeler River in Saskatchewan toward final investment decision, with the project positioned as one of the lower-cost potential new uranium operations in North America. Denison's progress in the Athabasca Basin provides one of the more closely watched development timelines in the senior uranium developer cohort.Bottom Line on NUCL's PositionThe May 5, 2026 commencement of environmental baseline studies marks the start of the PFS-related workstream proper at Aurora. With the drill program scheduled to commence in July 2026 under a signed Drilling Services Agreement with Harris Drilling, permitting led by SLR, resource modelling by BBA, and the Company holding what it describes as the largest conventional measured and indicated uranium deposit in the United States, Eagle has translated its February 2026 Nasdaq listing into an operational execution profile aligned with the broader uranium sector's current growth cycle. . The PFS is targeted for the second half of 2027; the next several quarters will be defined by drill progress, baseline-study completion, and the permitting interface across federal and state regulators.[3]Read more about Eagle Nuclear Energy Corp. at: usanewsgroup.com/nucl-profileCONTACT:Equity Insider
editor @acblanke1SOURCES:Equity-Insider.com — "The U.S. Imports 95% of Its Uranium. One Nasdaq-Listed Newcomer is the Largest Conventional Deposit in the Country," GlobeNewswire, April 16, 2026, https://www.globenewswire.com/news-release/2026/04/16/3275617/0/en/The-U-S-Imports-95-of-Its-Uranium-One-Nasdaq-Listed-Newcomer-is-the-Largest-Conventional-Deposit-in-the-Country.htmlGlobeNewswire — "Domestic Uranium Development Update: Eagle Nuclear Energy (NASDAQ: NUCL) Initiates Pre-Drill Environmental Baseline Studies at Aurora Project," May 6, 2026, https://www.globenewswire.com/news-release/2026/05/06/3289153/0/en/Domestic-Uranium-Development-Update-Eagle-Nuclear-Energy-NASDAQ-NUCL-Initiates-Pre-Drill-Environmental-Baseline-Studies-at-Aurora-Project.htmlEagle Nuclear Energy Corp. — "Eagle Nuclear Energy Announces Commencement of Environmental Baseline Studies in Advance of PFS-Related Drill Program at Aurora," GlobeNewswire, May 5, 2026, https://www.globenewswire.com/news-release/2026/05/05/3287674/0/en/Eagle-Nuclear-Energy-Announces-Commencement-of-Environmental-Baseline-Studies-in-Advance-of-PFS-Related-Drill-Program-at-Aurora.htmlEagle Nuclear Energy Corp. — "Eagle Nuclear Energy Announces Plans to Conduct a 27,000 Ft Drill Program To Advance Aurora Toward a Pre-Feasibility Study," April 1, 2026, https://www.globenewswire.com/news-release/2026/04/01/3266610/0/en/Eagle-Nuclear-Energy-Announces-Plans-to-Conduct-a-27-000-Ft-Drill-Program-To-Advance-Aurora-Toward-a-Pre-Feasibility-Study.htmlEagle Nuclear Energy Corp. — "Eagle Nuclear Energy Engages Drilling Company And Files Permit Applications For PFS-Related Drill Program at Aurora," April 9, 2026, https://www.globenewswire.com/news-release/2026/04/09/3270973/0/en/Eagle-Nuclear-Energy-Engages-Drilling-Company-And-Files-Permit-Applications-For-PFS-Related-Drill-Program-at-Aurora.htmlEagle Nuclear Energy Corp. — "Eagle Nuclear Energy Selects SLR International Corporation to Lead the Permitting Effort at Aurora Uranium Project," March 18, 2026; "Eagle Nuclear Energy Joins Uranium Producers of America," March 10, 2026.Eagle Nuclear Energy Corp. — "Eagle Nuclear Energy Provides First Quarter 2026 Corporate Update," April 15, 2026.24/7 Wall St. — "Oklo, Nano Nuclear, Centrus, NuScale Surge as White House Space Nuclear Mandate Electrifies the Sector," April 16, 2026.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by Equity Insider on behalf of MIQ. MIQ has been paid a fee by Creative Direct Marketing Group ("CDMG") for Eagle Nuclear Energy Corp. advertising and digital media. MIQ does not currently own shares of Eagle Nuclear Energy Corp., but reserves the right to buy and sell shares of Eagle Nuclear Energy Corp. at any time without any further notice commencing immediately and ongoing. There may also be 3rd parties who may have shares of Eagle Nuclear Energy Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been reviewed and approved on behalf of Eagle Nuclear Energy Corp. by CDMG.Cautionary Note Regarding Forward-Looking Statements:Certain statements included in this commentary are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this commentary — including statements regarding Eagle Nuclear Energy Corp.'s drill program schedule, environmental baseline studies, permitting timelines, PFS targets, resource expansion potential, anticipated nuclear energy market demand, U.S. domestic uranium supply chain dynamics, and integrated SMR platform development — are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company's control, and which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Risks include, without limitation: risks related to the business combination with Spring Valley Acquisition Corp. II completed February 24, 2026 and matters disclosed in the Company's registration statement on Form S-1 originally filed with the SEC on March 19, 2026 and any amendments or supplements thereto; risks related to permitting and regulatory approvals; risks related to drilling results and resource expansion; market and commodity price volatility; legal and listing risks; and other operational and financial risks. Readers are cautioned not to place undue reliance on forward-looking statements. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Always consult a licensed investment professional before making any investment decision. Investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo - https://mma.prnewswire.com/media/2840019/5969765/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/inside-americas-largest-conventional-measured-and-indicated-uranium-deposit-eagle-nuclear-energy-advances-aurora-toward-pre-feasibility-302771659.html Original: Inside America's Largest Conventional Measured and Indicated Uranium Deposit: Eagle Nuclear Energy Advances Aurora Toward Pre-Feasibility

Cosa Reports Anomalous Uranium in Sandstone at Darby Joint Venture with Denison MinesMay 6, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 6, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to report drilling results for the Company's Darby ("Darby") project. Darby is a joint venture (the "Joint Venture") between Cosa and Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) and is located 10 kilometres west of Cameco's Cigar Lake Mine in the eastern Athabasca Basin, Saskatchewan (Figure 1). Cosa is the operator of Darby and holds a 70% interest with Denison holding a 30% interest.HighlightsHighly anomalous uranium in sandstone and weak basement uranium mineralization (0.04% U3O8 over 0.5 metres) intersected at Charlie TrendProspective sandstone and basement faulting, alteration, and unconformity relief identified at Gamma TrendInitial drill program significantly upgraded three trends at DarbyAssays remain pending on exceptional winter 2026 Murphy Lake North drill program that intersected anomalous radioactivityKeith Bodnarchuk, President and CEO, commented: "Prior to intersecting radioactivity at Murphy Lake North, we completed an exciting drill program at our Darby Lake Joint Venture with Denison. We are very encouraged by the results from Cosa's initial drill program at Darby, which have further upgraded multiple trends. We are in the process of finalizing summer plans, which will be released in the coming weeks and are expected to comprise a significant drill program at Murphy Lake North with drilling at Darby to follow. With assays pending at Murphy Lake North, we expect to have important news flow ahead of the resumption of drilling in June."Andy Carmichael, Vice President of Exploration, commented: "Drilling at Gamma revealed the trend hosts a more than 100-metre-wide graphitic structural corridor with the strongest sandstone alteration known on the project and significant unconformity relief. With mineralization on trend to the north, Gamma is a high priority for further exploration. Drilling at Charlie intersected outstanding sandstone uranium content and weak basement hosted uranium mineralization, confirming the strong exploration potential of this trend. The exceptional winter 2026 drilling results from Murphy Lake North will remain our primary exploration focus, and these initial results from Darby are compelling additions to our inventory of excellent drill targets." Darby Winter DrillingThree holes were completed at Darby to test priority targets at the Charlie, Gamma, and Delta trends identified by Cosa's 2025 core relogging and reinterpretation program. Charlie Trend Winter drill hole DB26-39A followed up basement structure and anomalous1 sandstone uranium content in historical drill hole DB-09 and successfully intersected the targeted graphitic unit at the unconformity. DB26-39A intersected very strongly anomalous uranium content in the sandstone, averaging 5.6 ppm over 103.5 metres (600.0 - 703.5 metres) including a subinterval averaging 9.5 ppm over 53.5 metres (650.0 - 703.5 metres) in the basal sandstone (Figures 2 and 3). These values exceed the strongly anomalous results of DB-09 which intersected 2.0 ppm uranium over 116.8 metres (543.2 - 660 metres). DB26-39A also intersected 0.04% U3O8 over 0.5 metres (707.8 - 708.3 metres), which is the second intersection of weak uranium mineralization on trend. Several high priority follow up targets remain untested at Charlie.Gamma TrendWinter drilling results significantly upgraded the Gamma trend and generated several follow-up targets.The Gamma trend was prioritized for drilling based on elevated to anomalous sandstone uranium content proximal to graphitic basement faults in historical drill hole DB-17, and the presence of numerous intersections of uranium mineralization along trend north of Darby (Figures 2 and 4). DB26-41 targeted the DB-17 basement faults at the unconformity.DB26-41 intersected two decametre-scale intervals of faulting and alteration in the lower sandstone, elevated to anomalous sandstone uranium content, and identified 35 metres of unconformity relief relative to DB-17. Basement rocks are graphitic and non-graphitic metasediments overlying granite. Graphitic fault zones intersected 30 to 124 metres below the unconformity are generally thicker than those in DB-17 and some are enveloped by metre-scale zones of hydrothermal alteration.DB26-41 and DB-17 define a highly prospective geological environment which includes an approximately 150-metre-wide corridor of graphitic basement faulting, zones of hydrothermal alteration and faulting in the sandstone and basement, and uranium enrichment in the sandstone. The prominent unconformity relief is similar to unconformity offsets from reverse faulting present at several Athabasca uranium deposits, most notably at Cameco's McArthur River mine. Delta TrendDB26-42 followed up historical drill hole DB-27 (Figure 2), which intersected a 48-metre interval of continuously anomalous uranium content in the sandstone above graphitic basement faulting. DB26-42 targeted the DB-27 basement faulting at the unconformity and did not intersect any significant results; geochemical results remain pending. Several kilometres of prospective strike length remain at Delta.Next StepsAssays remain pending for DB26-42. Planning is underway for a summer drilling campaign at Darby which is expected to commence following completion of summer drilling at Murphy Lake North.1 - When analyzed using SRC's partial digestion and Inductively Coupled Plasma Mass Spectrometry (ICP-MS) method, Cosa considers uranium concentrations in the Athabasca sandstone greater than 0.5 ppm to be elevated, greater than 1.0 ppm to be anomalous, and greater than 4 ppm to be strongly anomalous.Figure 1 - Cosa's Eastern Athabasca Uranium Projects with Joint Venture ProjectsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/296203_289f6d6b1437a904_003full.jpgFigure 2 - Darby Project OverviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/296203_289f6d6b1437a904_004full.jpgFigure 3 - Charlie Cross Section Showing DB26-39A and DB-09To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/296203_289f6d6b1437a904_005full.jpgFigure 4 - Gamma Trend Cross Section Showing DB26-41 and DB-17To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/296203_289f6d6b1437a904_006full.jpgAbout DarbyLocated 10 kilometres west of the Cigar Lake Mine, Darby contains multiple prospective conductive trends and several intersections of weak uranium mineralization (Figures 1 and 2). Historical drilling indicates that many of these trends are highly prospective for uranium deposits characteristic of the eastern Athabasca Basin, yet most of the strike length has not been effectively evaluated. Work by Cosa in 2025 prioritized these trends and identified several historical drill holes with results that suggest proximity to uranium mineralization (See Cosa's news releases dated October 24, 2025 and January 21, 2026). Initial drilling results from winter 2026 significantly upgraded multiple trends. Future drilling will include follow up of anomalous results from both winter 2026 and historical drilling. About Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. The Company's primary focus through the remainder of 2026 will be drilling at the Murphy Lake North and Darby projects in the eastern Athabasca Basin. Drilling at Murphy Lake North will follow up the newly identified zones of anomalous radioactivity within an extensive zone of strong structure and hydrothermal alteration at the Cyclone trend. Drilling at Darby will follow up on intersections of anomalous geochemistry, structure, and zones of hydrothermal alteration from both winter 2026 drilling and historical drilling. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.Technical DisclosureHistorical drilling and geophysical results for Darby and MLN were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for Darby include file numbers 74H14-0021, 74H14-0023, 74H15-0041, 74H15-0053, 74H15-0055, 74H15-0056, 74H15-0066, 74H15-0067, 74I02-0031, 74I02-0042, 74I02-0053, 74I02-0080, 74I02-0095, and MAW00516. Some confidential data and reports not presently available via SMAD were supplied to Cosa by Denison. SMAD sources for MLN and adjacent projects include file numbers 64L05-0161, 64L05-0180, 74I-0060, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0057, 74I09-0061, 74I09-0064, 74I09-0066, 74I09-0071, 74I09-0077, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, 74I09-0098, MAW00510, MAW01939, MAW02327, MAW02599, and MAW02395. Data and reports related to the 2020 ground EM survey completed by Denison are not presently available via SMAD and were supplied to Cosa by Denison.Verification of historical drilling results included confirming historical drill hole collar locations from air photos and ground checking selected collars with a handheld GPS unit. Basement and lower sandstone sections from most historical drill holes were relogged in 2024 and 2025 by Cosa. For Darby, verification of geochemical results for drill holes completed between 2008 and 2010 was facilitated by the reissuance of analytical certificates to Cosa by the Saskatchewan Research Council (SRC). Cosa thanks the SRC for its valued assistance in increasing confidence in the historical dataset.Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling survey data and interpretations, and evaluating whether interpreted geophysical results could be reasonably explained by historical and current drilling results. For MLN, Cosa engaged a consultant to re-interpret historical geophysical surveys to validate selected previous interpretations. Qualified PersonThe Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.ContactKeith Bodnarchuk, President and CEO

The Uranium Shortage: 78 Gigawatts Under Construction and Not Enough FuelApril 29, 2026 9:05 AM
PR Newswire (Canada)

Issued on behalf of Eagle Nuclear Energy Corp.VANCOUVER, BC, April 29, 2026 /CNW/ -- USANewsGroup.com News Commentary — Seventy-eight gigawatts of nuclear reactor capacity are now under construction across 15 countries, according to the International Energy Agency's 2026 Global Energy Review, and global installed nuclear capacity sits at 420 GW[1]. That building spree just got louder: at the Paris Nuclear Energy Summit in March, 38 nations signed on to triple nuclear capacity by 2050, locking in sovereign fuel commitments that tighten the supply picture for years[2]. The capital now rotating into this sector is targeting companies already past the starting line, and five names sit at the front of that queue: Eagle Nuclear Energy Corp. (NASDAQ: NUCL), Cameco Corporation (NYSE: CCJ) (TSX: CCO), Uranium Energy (NYSE-A: UEC), NexGen Energy (NYSE: NXE) (TSX: NXE), and Denison Mines (NYSE-A: DNN) (TSX: DML).
The World Nuclear Association projects government targets could push global nuclear capacity to 1,446 GWe by 2050, well past the 1,200 GW tripling goal set at COP28[3]. With over 12 GW of new nuclear construction starts in 2025 alone, according to the IEA, the asymmetric upside now favors companies holding permitted sites, funded drill programs, and active construction timelines over early-stage explorers still years from first approvals[4].Eagle Nuclear Energy (NASDAQ: NUCL) just reported its first quarter as a publicly traded company, and the numbers tell a clean story: $31.3 million in cash, zero interest-bearing debt, and a flagship uranium project that is now moving toward drilling.The company's Aurora Uranium Project, located along the Oregon-Nevada border, holds 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium. That makes it the largest conventional, measured and indicated uranium deposit in the United States. Eagle Nuclear Energy completed its business combination with Spring Valley Acquisition Corp. II in February 2026 and began trading on the Nasdaq on February 25 under the ticker NUCL.Since listing, Eagle Nuclear Energy has moved quickly. The company announced a 27,000 ft drill program at Aurora in early April, designed to advance the project toward a Pre-Feasibility Study. The program consists of 47 diamond drill holes planned by resource consultants BBA USA Inc., with objectives spanning resource expansion, classification enhancement, advanced metallurgy, rock mechanics, and hydrogeological analysis. Each hole was designed to serve multiple purposes simultaneously, keeping the overall program limited without sacrificing any of its goals.Days later, Eagle Nuclear Energy engaged Harris Exploration Drilling to provide up to three track-mounted core drill rigs for the campaign, which is scheduled to begin in July and expected to wrap within three to four months. The company's permitting manager, SLR International Corporation, has already filed permit applications with the Bureau of Land Management and the Oregon Department of Geology and Mineral Industries. Both agencies have acknowledged receipt, and Eagle Nuclear Energy anticipates approvals in time for the July start.The broader strategy here is vertical integration. Eagle Nuclear Energy is not just exploring uranium. The company is pairing domestic uranium resources with exclusive Small Modular Reactor technology to build what it calls an integrated nuclear energy platform. At a time when operating reactors in the United States source more than 95% of their fuel from foreign suppliers, a domestic project with a clear path to development carries real strategic weight. Eagle Nuclear Energy's membership in the Uranium Producers of America reinforces that positioning, and the Pre-Feasibility Study is slated for completion in the second half of 2027.With cash on hand, a drill program locked in, permits filed, and rigs secured, Eagle Nuclear Energy is approaching a summer that could meaningfully reshape how the market values Aurora. For a company that only began trading two months ago, the pace of execution stands out.Other industry developments and happenings in the market include:Cameco Corporation (NYSE: CCJ) (TSX: CCO) signed a long-term agreement to supply nearly 22 million pounds of uranium ore concentrate to India's Department of Atomic Energy over a nine-year period, with deliveries expected to run from 2027 through 2035. The contract carries an estimated total value of approximately $2.6 billion, based on a uranium spot price of US$86.95 per pound, and was celebrated in Delhi alongside Indian Prime Minister Narendra Modi, Canadian Prime Minister Mark Carney, and Saskatchewan Premier Scott Moe."Cameco is proud to be a strategic partner with India to help meet its civil nuclear fuel needs and support its trade relationship with Canada," said Tim Gitzel, CEO of Cameco Corporation. "India is embarking on an ambitious nuclear expansion to power its development plans and meet the future energy security needs of its people."India currently operates 24 reactors with plans to reach 100 GW of nuclear capacity by 2047, representing a significant long-term demand driver for uranium supply. The new agreement builds on a previous five-year contract Cameco Corporation held with India beginning in 2015, reinforcing the company's position as a trusted nuclear fuel supplier of choice for sovereign buyers globally.Uranium Energy (NYSE-A: UEC) announced production commencement at its Burke Hollow project in South Texas following approval from the Texas Commission on Environmental Quality, making Burke Hollow the world's newest in-situ recovery uranium mine and the first new U.S. ISR operation to start in over a decade. Combined with recent capacity expansion approvals at Christensen Ranch in Wyoming, Uranium Energy now operates two active ISR hub-and-spoke platforms and is the only U.S. uranium company with two producing ISR production systems."The startup of Burke Hollow is a significant achievement for UEC, advancing the project from a grassroots discovery in 2012 to production in 2026," said Amir Adnani, President and CEO of Uranium Energy. "With two ISR operations now producing, and our Ludeman ISR project planned for startup in 2027, we are building a scalable, multi-faceted platform supported by the largest uranium resource base in the United States."Burke Hollow is the largest ISR uranium discovery in the United States, with multi-phase development potential designed to scale production in line with market demand. Uranium Energy maintains a 100% unhedged production strategy, holds the largest uranium resource base in the U.S., and is targeting growth across its three-platform ISR network to meet strengthening market fundamentals.NexGen Energy (NYSE: NXE) (TSX: NXE) received final federal approval for the Rook I uranium project in Saskatchewan's Athabasca Basin, with the Canadian Nuclear Safety Commission issuing both an Environmental Assessment approval and a Licence to Prepare Site and Construct, the last regulatory hurdle required to begin full construction. When operational, Rook I will produce up to 30 million pounds of uranium annually, representing more than 20% of global uranium supply and more than 50% of western world supply."NexGen is the foundational and necessary key to fueling that growth," said Leigh Curyer, Founder and CEO of NexGen Energy. "Our team, our asset, and this moment are aligned in a way that comes along once in a generation. Together with our Nation partners and our many valued stakeholders, we are well prepared and ready to execute the construction phase of the Rook I Project with the same scope, schedule and cost precision that has defined NexGen since incorporation in 2011."NexGen Energy made its Final Investment Decision ahead of the approval, with official construction commencing in summer 2026 and expected to take four years. All procurement, engineering, vendors, and capital are in place, with the company having worked in lockstep with Indigenous communities throughout the multi-year approval process.Denison Mines (NYSE-A: DNN) (TSX: DML) filed its audited 2025 annual results alongside a Final Investment Decision to construct the Phoenix in-situ recovery uranium mine at the Wheeler River property in Saskatchewan's Athabasca Basin, with site preparation and construction commencing in March 2026 and first production targeted by mid-2028. Denison Mines secured US$345 million through a senior convertible notes offering, appointed Wood Plc as construction manager, and advanced engineering to nearly 90% completion."Over the past twelve months, Denison continued to make significant investments in its assets, including its flagship Phoenix project," said David Cates, President and CEO of Denison Mines. "With receipt of all regulatory approvals necessary to start construction, significant advancement of construction planning and procurement efforts, appointment of Wood Plc as construction manager, and a strong balance sheet, we are ready to commence site preparation for and construction of the Phoenix ISR uranium mine later this month."McClean North, operated by joint venture partner Orano Canada, deployed the patented SABRE mining method and produced nearly 650,000 pounds U3O8 in 2025, one of the most productive new uranium mines in North America. Denison Mines also advanced delineation drilling at the Gryphon deposit and expanded its exploration JV portfolio with Skyharbour Resources.CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by USANewsGroup.com on behalf of Market IQ Media Group Inc. ("MIQ"). MIQ has been paid a fee for Eagle Nuclear Energy Corp. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Eagle Nuclear Energy Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Eagle Nuclear Energy Corp. but reserve the right to buy and sell, and will buy and sell shares of Eagle Nuclear Energy Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved on behalf of Eagle Nuclear Energy Corp. by CDMG, and the company itself; this is a paid advertisement, we currently do not own shares of Eagle Nuclear Energy Corp. but reserve the right to buy and sell shares of NUCL, and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Cautionary Note Regarding Forward-Looking Statements: Certain statements included in this document are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this document are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. Forward-looking statements include, without limitation, expected benefits from Eagle's business combination with SVII; the outlook for Eagle's business; the viability of Eagle's mining claims and technologies; as well as any information concerning possible or assumed future results of operations of Eagle. The forward-looking statements are based on the current expectations of the management team of Eagle and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) market risks; (ii) the outcome of any legal proceedings that may be instituted against Eagle related to its business combination; (iii) failure to realize the anticipated benefits of the business combination; (iv) the inability to maintain the listing of the Company's securities on Nasdaq Capital Market or a comparable exchange; (v) the risk that the price of Eagle's securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business; and (vi) fluctuations in spot and forward markets for lithium and uranium and certain other commodities (such as natural gas, fuel oil and electricity). The foregoing list is not exhaustive, and there may be additional risks that Eagle does not presently know or that Eagle currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and the other risks and uncertainties described in filings made with the SEC by Eagle from time to time, which are or will be accessible at www.sec.gov. Eagle cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document.SOURCES:https://www.iea.org/reports/global-energy-review-2026/technology-nuclearhttps://www.iaea.org/newscenter/news/global-leaders-affirm-central-role-for-nuclear-at-2026-nuclear-energy-summithttps://world-nuclear.org/net-zero-nuclear/news/four-more-countries-join-global-commitment-to-triple-nuclear-energy-at-paris-summithttps://www.iea.org/reports/global-energy-review-2026/key-findingsLogo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg 



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Original: The Uranium Shortage: 78 Gigawatts Under Construction and Not Enough Fuel

America's Largest Conventional Uranium Deposit Just Broke Ground on a Production RoadmapApril 15, 2026 9:44 AM
PR Newswire (Canada)

Issued on behalf of Eagle Nuclear Energy Corp.As Spot Uranium Touched $101/lb and SMR Buildouts Accelerate, One Newly-Listed Nasdaq Developer Is Quietly Becoming a Domestic Supply-Chain AnchorUSANewsGroup.com News CommentaryNEW YORK, April 15, 2026 /CNW/ -- The most consequential shift in the U.S. nuclear story over the past 18 months hasn't been a single executive order, a single SMR contract, or a single utility's reactor restart. It's been the convergence of all of them.







Uranium spot prices punched through $100/lb for the first time since 2007 in late January, hitting $101.41/lb on January 29, 2026 before a geopolitical pullback brought them back to the mid-$80s. But the more telling number is the long-term contract price — which has now climbed to $93/lb, the highest level since 2008. Cameco's president and COO Grant Isaac, speaking at the Prospectors & Developers Association of Canada convention in March, made the point that matters: utilities' "uncovered requirements" — future uranium demand not yet under contract — have reached record levels."The forward demand that has yet to come to the market has never been bigger," Isaac said.That's the demand side. On the supply side, the U.S. produces a fraction of the uranium it consumes, and most of the global enrichment capacity sits in countries Washington no longer wants to depend on. The Department of Energy has responded with $2.7 billion in fresh contracts to Centrus and other domestic enrichers to offset Russian supply. The Trump administration has cut regulatory friction on uranium converters and approved deals for new reactor builds. And the Sprott Physical Uranium Trust — after a six-month lull — has bought more than 5 million pounds of uranium year-to-date, briefly pushing spot prices back to $100.Add the AI-data-center electricity buildout and reactor life extensions out to 60 years on top of all of that, and the structural picture becomes hard to argue with. Even partial follow-through on AI-era power demand would expand the uranium consumption curve by an order of magnitude.Which brings us to the developer end of the supply chain — and to one company that just confirmed a 47-hole drill program at what it describes as the largest conventional, measured and indicated uranium deposit in the United States.A Newly-Listed Nasdaq Developer Sitting on the Largest Conventional Deposit in the U.S.Today, Eagle Nuclear Energy Corp. (NASDAQ: NUCL) released its first quarter 2026 corporate update, providing the clearest view yet of how its flagship Aurora Project in southeastern Oregon is being walked through the development pipeline.The headline: a 47 diamond drill hole program totaling 27,000 feet of drilling will commence in July 2026, designed to advance Aurora toward a Pre-Feasibility Study targeted for the second half of 2027.The company has now formally filed permit applications with both the federal Bureau of Land Management and Oregon's Department of Geology and Mineral Industries (DOGAMI). It has engaged Harris Exploration Drilling & Associates Inc. to provide the drill rigs. And it has retained SLR International Corporation to lead the broader permitting effort. Behind the scenes, BBA USA Inc. delivered the technical Gap Analysis study that designed the drill program — optimizing hole count, location, and orientation to fill the data gaps Aurora needs to clear before the PFS lands.CEO Mark Mukhija framed it cleanly in the announcement: "During the first quarter, Eagle made significant progress as we completed our business combination with Spring Valley Acquisition Corp. II, commenced trading on the Nasdaq, and simultaneously achieved a number of key operational milestones to advance our flagship Aurora Uranium Project site."Mukhija continued: "Alongside our drill program announcement, we have moved swiftly to secure drill rigs with a premier contractor in the mining industry and file permit applications that are essential to beginning the program. Aurora anchors Eagle's long-term strategy to develop an integrated nuclear energy platform combining domestic uranium resources with advanced SMR, and these steps move us closer to this goal."That last sentence — about combining uranium resources with advanced SMR — is the part most uranium investors haven't fully priced in yet.The Resource: 32.75 Million Pounds Indicated, Plus an Adjacent Expansion AssetEagle's Aurora deposit hosts 32.75 million pounds Indicated and 4.98 million pounds Inferred U3O8 (SK-1300 Technical Report Summary), located near-surface in southeastern Oregon. The adjacent Cordex deposit offers significant potential to expand that overall resource inventory.For context: at recent long-term contract pricing of approximately $93/lb, the Indicated category alone represents in-ground value measured in the billions, before any drill-driven resource expansion or upgrade to higher confidence categories.The drill program itself is intentionally surgical. BBA optimized the 47-hole, 27,000-foot footprint to address the specific data gaps standing between Aurora and a PFS-grade resource model. The objective isn't a sprawling scout campaign — it's a focused, PFS-targeted exercise scheduled to begin in July, with a financial position to match: Eagle reported $31.3 million in cash and zero debt as of February 28, 2026.Why the SMR Angle MattersMost uranium developers sell pounds. Eagle is positioning to sell a platform.The company's stated long-term strategy is to combine domestic uranium production with exclusive Small Modular Reactor (SMR) technology — building toward an integrated nuclear platform rather than a pure mining play. That matters because the SMR market itself is undergoing one of the most aggressive capital-formation cycles in the broader energy transition. Companies like Oklo (NYSE: OKLO) and NuScale Power (NYSE: SMR) have seen valuations rerate sharply on the basis of forward design contracts and government partnerships, even before commercial-scale deployment.A vertically integrated player that owns both the fuel resource and the reactor technology occupies a structurally different position in the value chain — and one that aligns with both the U.S. supply-chain security agenda and the AI-data-center power demand curve.In March 2026, Eagle joined the Uranium Producers of America, a trade body whose membership reflects the company's stated commitment to strengthening the domestic uranium supply. The signaling is consistent with the company's broader posture: this is a company building for an environment where domestic origin and supply-chain integration carry meaningful pricing power.Recent Operational MilestonesThe Q1 2026 update outlined a tight cadence of execution:In January 2026, Eagle announced its engagement with BBA USA Inc. to develop the Gap Analysis study designed to address data gaps at Aurora and advance the project toward a PFS.In February 2026, the company completed its business combination with Spring Valley Acquisition Corp. II, with the combined company commencing trading on the Nasdaq under "NUCL" on February 25, 2026.In March 2026, Eagle selected SLR International Corporation to lead permitting and joined the Uranium Producers of America.In April 2026, the company announced the drill program, retained Harris Exploration Drilling & Associates, and formally filed its permit applications with BLM and DOGAMI.That's four major operational milestones in four months — from a company that's been publicly listed under its current ticker for less than 60 days.How the Comp Set Lines UpEagle's positioning becomes clearer when set against the broader U.S. uranium and nuclear peer group.Energy Fuels Inc. (NYSE American: UUUU) is one of the most established U.S. uranium producers and mill operators, owning the only conventional uranium mill currently licensed and operating in the United States — the White Mesa Mill in Utah. Energy Fuels has historically been one of the largest U.S. producers and benefits from the same domestic supply-chain policy tailwinds Eagle is positioned to capture, with the added optionality of a rare earths processing line. For investors comparing Aurora's resource scale against an actively producing U.S. peer, UUUU is the closest reference point.Denison Mines Corp. (NYSE American: DNN) is a Canadian uranium developer focused on its Wheeler River project (Phoenix and Gryphon deposits) — one of the largest undeveloped uranium projects in the Athabasca Basin. Denison also holds a 22.5% stake in the McClean Lake joint venture, which includes a major mill currently processing ore from Cigar Lake under a toll milling agreement. The story is high-grade Canadian development versus Eagle's U.S. conventional, near-surface scale — different geology, different jurisdiction, but a useful contrast for investors thinking about what an undeveloped uranium asset can become.Oklo Inc. (NYSE: OKLO) is the SMR comparable that has captured the most market attention. The company's Aurora reactor design — somewhat ironically sharing a name with Eagle's flagship deposit — is built to run on spent nuclear fuel and has become a benchmark name for investors trying to play the SMR thesis directly. Oklo's stock chart over the past 18 months underscores how aggressively the market is willing to reward credible SMR exposure. For Eagle, OKLO represents the technology end of the value chain that NUCL's strategy is built to integrate with.NuScale Power Corporation (NYSE: SMR) is the longer-tenured U.S. SMR designer, with the most advanced regulatory positioning of any domestic SMR pure-play. NuScale's progress through the U.S. Nuclear Regulatory Commission process and its ongoing development partnerships make it the reference name for what a permitted, deployable SMR pathway looks like in the United States. For investors trying to model what an integrated uranium-plus-SMR platform might ultimately resemble, NuScale provides the most concrete real-world analog of the reactor-side execution Eagle's strategy depends on.The pattern across the comp set is consistent: uranium producers like Energy Fuels and Denison sit on one side of the value chain, SMR designers like Oklo and NuScale sit on the other, and very few companies are credibly building toward both. Eagle is one of the few — with a near-surface resource of meaningful scale, fresh capital, and a permit-stage drill program scheduled to break ground in 90 days.The SetupThe uranium price has declared itself. The long-term contract market is signaling utility scarcity at $93/lb — the highest level since 2008. The Trump administration is actively rewriting domestic supply-chain economics. The AI buildout is rewriting the demand curve. And the SMR market is approaching the point where deployable reactor designs meet utility-scale orderbooks.Eagle Nuclear Energy is running into that environment with the largest conventional, measured and indicated uranium deposit in the U.S., a 47-hole drill program scheduled for July 2026, $31.3 million in the bank, and an integrated uranium-plus-SMR strategy that very few of its peers are even attempting.The drills go in the ground in July. The PFS is targeted for the second half of 2027. The execution clock is running.CONTINUED… Read the full press release for Eagle Nuclear Energy's First Quarter 2026 Corporate Update by clicking here.For the latest updates, visit www.eaglenuclear.com and follow Eagle Nuclear Energy on the Nasdaq under the symbol NUCL.Article Source:https://www.eaglenuclear.comCONTACT:USA News Group(604) 265-2873editor@usanewsgroup.comDISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USANewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Eagle Nuclear Energy Corp. advertising and digital media from Casteele Direct Media Group ("CDMG"). There may be 3rd parties who may have shares of Eagle Nuclear Energy Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.This article was distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for Eagle Nuclear Energy Corp. advertising and digital media from CDMG. The above article is sponsored content. USANewsGroup.com, including its owners, directors, employees and affiliates ("USA"), and Market IQ Media Group, Inc. ("MIQ"), including its owners, directors, employees and affiliates, has been compensated by CDMG to provide investor awareness services for Eagle Nuclear Energy Corp. USA/MIQ does not own any shares of Eagle Nuclear Energy Corp. but reserves the right to buy or sell shares of the company in the open market at any time and without notice. Emails and online communication from USA/MIQ are intended to provide thought-provoking ideas to a self-directed investor audience, are not personalized investment advice, and should be considered advertisements as part of paid promotional services. Information on companies covered in our communications is widely available from third-party public sources, and we strongly encourage all readers to review such public information (including SEC and other regulatory filings) before investing. Investing in securities is highly speculative and may result in the loss of some or all of the capital invested. Past performance is not indicative of future results.Cautionary Note Regarding Forward-Looking StatementsThis release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that the business combination with Spring Valley Acquisition Corp. II will not produce its anticipated benefits; that Eagle Nuclear Energy may be unable to maintain its Nasdaq listing; that actual results may differ materially from those expressed or implied in any forward-looking statement made in this release; that legal proceedings, regulatory developments, market volatility, and commodity price fluctuations (including for uranium) may adversely affect Eagle Nuclear Energy's business and the price of its securities; that the Company may be unable to obtain or renew permits required for the operation, exploration, and development of the Aurora Project on its targeted timeline or at all; risks associated with the speculative nature of mineral exploration and development; and the inability to determine, with certainty, production and cost estimates. Investors are encouraged to review Eagle Nuclear Energy's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form S-4 initially filed by the Company on September 30, 2025, and the definitive proxy statement / prospectus contained therein, and any subsequent filings, available at www.sec.gov, for additional information regarding the risks and uncertainties facing the Company.The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.Logo - https://mma.prnewswire.com/media/2838876/5918004/USA_News_Group_Logo.jpg



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Original: America's Largest Conventional Uranium Deposit Just Broke Ground on a Production Roadmap

Cosa Reports Anomalous Radioactivity in Multiple Drill Holes at the Murphy Lake North Joint Venture with Denison MinesApril 13, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 13, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to report the intersection of anomalous radioactivity in multiple drill holes and completion of the winter 2026 drilling program at the Company's Murphy Lake North Project ("MLN" or the "Project"). MLN is a joint venture (the "Joint Venture") between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) ("Denison") and is located 3 kilometres east of IsoEnergy's Hurricane deposit in the eastern Athabasca Basin, Saskatchewan (Figure 1). Cosa is the operator and holds a 70% interest with Denison holding a 30% interest.HighlightsRadioactivity intersected in three drill holes Radioactivity remains open in multiple directions including for at least 600 metres along strike to the east and 600 metres to the west within the larger kilometre-scale Cyclone alteration zoneDepth of the radioactivity is shallow at approximately 260 metres vertically from surfaceCyclone trend structural corridor is over 100 metres wide and hosts significant alteration consistent with major eastern Athabasca uranium depositsKeith Bodnarchuk, President and CEO, commented: "Intersecting radioactivity in multiple drill holes is a tremendous result for Cosa, emphasizing the potential size and scale of this mineralizing system. The radioactivity alone is significant, but when factoring in the open space, depth, strong alteration and structure, this suggests we may be on the cusp of even more exciting results. With strong support from Denison Mines, assays pending, a healthy treasury, and numerous follow up targets, 2026 is shaping up to be a transformational year for Cosa." Andy Carmichael, Vice President of Exploration, commented: "Intersecting 5 metres of continuously anomalous radioactivity in the second round of drilling at Cyclone significantly upgrades the trend. Though warming conditions curtailed follow up, the additional holes resulted in additional radioactive intercepts separate from that of MLN26-013 and a deeper understanding of the trend's geology which will be invaluable during future drilling. With 600 metres of open strike length in either direction along a mineralized structural corridor, we're eager to resume drilling in summer 2026."MLN Winter Drilling ApproachWinter drilling at MLN followed up structure and alteration intersected at the Cyclone trend in summer 2025 (Figure 2). Five drill holes totaling 2,015 metres were completed during the program with three drill holes intersecting anomalous radioactivity1. The first drill hole of the program, MLN26-013, intersected the strongest radioactivity including a 5.0 metre interval of continuously anomalous radioactivity in the upper basement (see Cosa's news release dated March 24, 2026). Two holes were completed to directly follow up radioactivity in MLN26-013. Two additional holes were completed to define underlying geology ahead of summer drilling and follow up another radioactive intersection. All drill holes were completed on Section 3200E.MLN Winter Drilling Results Three of five drill holes intersected anomalous radioactivity (Table 1) in two discrete zones. Drilling also defined highly prospective geology with similarities to the Hurricane deposit and other unconformity related uranium deposits of the eastern Athabasca Basin (Figure 3). Table 1 – Winter 2026 MLN Drilling Program ResultsHole
IDFrom
(m)To
(m)Length
(m)Radioactivity
(CPS)1, 2Orientation
(Azi./Dip)LocationMLN26-0133306.5307.00.5>350166 / -60Section 3200Eand307.5308.00.5>1,000

and308.5313.55.0>1,000

incl.310.5313.02.5>5,000

incl.310.5311.00.5>13,000

MLN26-014278.5278.60.1>350170 / -75Section 3200EMLN25-015No significant radioactivity000 / -90Section 3200EMLN26-016286.5287.51.0>350165 / -65Section 3200EMLN26-017No significant radioactivity000 / -90Section 3200E Radioactivity is total gamma from drill core measured with an RS-125 hand-held spectrometerMeasurements of total gamma on drill core are an indication of uranium content but may not correlate with chemical assaysPreviously releasedRadioactivityMultiple intervals of anomalous radioactivity were intersected in two discrete zones (Table 1, Figure 3). All radioactive intersections are associated with faulting and broad zones of strong hydrothermal alteration in the sandstone and basement. All radioactive intersections remain open along strike to the east and west for at least 600 metres and some intersections remain open on section.MLN26-013, the first hole of the winter program, intersected a significant zone of structure and alteration underlain by faulted graphitic gneiss hosting several intervals of anomalous radioactivity between 306.5 and 313.5 metres ranging from 400 to 13,900 cps.Radioactivity in MLN26-013 was followed up to the north (MLN26-014) and south (MLN26-015). MLN26-014 intersected anomalous radioactivity in the upper basement within a 0.5 metre strongly altered interval. Elevated radioactivity was intersected in the lower sandstone by MLN26-015. 50 metres north of MLN26-013, MLN26-016 intersected a 1.0 metre interval of anomalous radioactivity immediately below the unconformity associated with a broad zone of strong alteration and structure. Cyclone 3200E GeologyDrilling determined the Cyclone trend is underlain by a package of graphitic and non-graphitic pelitic gneisses and quartzite over 100 metres in width. The full width of the mineralized structural corridor is unknown as additional prospective graphitic rocks may lie north and south of current drilling. Graphitic basement units host faulting and alteration. Basement faulting is best developed in the northernmost graphitic unit where MLN26-016 and -017 intersected metre- to decametre-scale fault zones, including a 35 metre interval that is enveloped by moderate to strong alteration (Figure 6). At the unconformity, the northern edge of this fault zone hosts radioactivity (MLN26-016) which remains open in several directions. 100 metres to the south, MLN26-013 and -014 intersected another graphitic fault zone which is enveloped by alteration and remains untested at the unconformity. Significant zones of sandstone structure and alteration are present throughout, and sandstone alteration patterns are similar to the Hurricane deposit where widespread bleached zones and distal silicified zones envelop broad desilicified zones cored by clay alteration (Figure 3). MLN26-013, -014, and -016 all intersected decametre-scale zones of sandstone faulting and alteration overlying the northern graphitic fault zone (Figure 3). Zones of faulting and alteration in the upper to middle sandstones of MLN26-013 and -016 suggest additional potential north of existing drilling. Multiple altered basement fault zones remain untested at the unconformity and down-dip.Next StepsThe Company and its Joint Venture partner, Denison Mines, will be finalizing summer plans in the coming weeks. The drill remains on site for rapid startup when drilling resumes this summer. Assays for all winter drill holes remain outstanding. About Murphy Lake North MLN covers a portion of the Larocque Lake trend and is located 2.7 kilometres east of the Hurricane deposit (Figures 1 and 2). Hurricane is the world's highest-grade indicated uranium resource and was discovered and delineated for IsoEnergy Ltd. by current members of Cosa's team. The Larocque Lake trend also hosts the high-grade Larocque Lake Zone, Yelka Prospect, and Alligator Lake Zone. MLN contains the along-strike extension of basement geology underlying the Hurricane deposit (the Hurricane trend), as well as a parallel conductive trend to the south (the Cyclone trend). Cosa's winter 2026 drill program intersected several meters of basement hosted radioactivity within a broader zone of strong structure and alteration at the Cyclone trend. Following up these results is the primary objective for the remainder of 2026 at MLN.1 – Cosa considers radioactivity anomalous when it (i) exceeds 350 cps measured with a Radiation Solutions RS-125 hand held spectrometer, (ii) is accompanied by structure and/or hydrothermal alteration consistent with Athabasca unconformity related uranium deposits, and (iii) spectrometric assay by RS-125 indicates uranium is the dominant source.Figure 1 – Cosa's Eastern Athabasca Uranium Projects with Joint Venture ProjectsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/292119_4fb782f2647a39b9_003full.jpgFigure 2 – MLN Project OverviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/292119_4fb782f2647a39b9_004full.jpgFigure 3 – Cross Section Cyclone 3200ETo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/292119_4fb782f2647a39b9_005full.jpgFigure 4 – MLN26-013 MineralizationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/292119_4fb782f2647a39b9_006full.jpgFigure 5 – MLN26-016 MineralizationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/292119_4fb782f2647a39b9_007full.jpgFigure 6 – MLN26-017 Altered Graphitic Basement Fault ZoneTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/292119_4fb782f2647a39b9_008full.jpgMarketing EngagementThe Company has entered into a marketing services agreement (the "Agreement") effective April 15th, 2026 with Northern Venture Group ("NVG"). NVG has agreed to provide certain promotional services (the "Services") to the Company in accordance with TSXV Policy 3.4 – Investor Relations, Promotional and Market-Making Activities. NVG has been engaged for an initial 3-month period for a monthly fee of C$10,000 with no upfront payment. Upon completion of the initial 3-month term, the Company and NVG may agree to extend the Services on a month-to month basis for the same monthly fee. The payment described herein will come from the Company's general working capital account.NVG and its principal, Richard Mills, are arm's length to the Company and, at the time of the Agreement, hold zero common shares and zero share purchase warrants of the Company. No securities or other share-based incentives of Cosa are being granted to NVG under the terms of the Agreement. NVG has committed to comply with all applicable securities laws and the policies of the TSXX Venture Exchange (the "TSXV") in providing the Services. The NVG Agreement remains subject to approval of the TSX Venture Exchange.NVG is an independent commodities newsletter and research platform that provides investors with in-depth commentary, analysis, and opinion on resource companies and macro trends for informational purposes only. NVG is located in Prince George, British Columbia, Canada.About Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. The Company's primary focus through the remainder of 2026 will be drilling at the MLN project. in the eastern Athabasca Basin. Drilling at MLN will follow up the zones of newly identified anomalous radioactivity within an extensive zone of intense structure and hydrothermal alteration at the Cyclone trend. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.Technical DisclosureHistorical drilling and geophysical results for MLN were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for MLN and adjacent projects include file numbers 64L05-0161, 64L05-0180, 74I-0060, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0057, 74I09-0061, 74I09-0064, 74I09-0066, 74I09-0071, 74I09-0077, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, 74I09-0098, MAW00510, MAW01939, MAW02327, MAW02599, and MAW02395. Data and reports related to the 2020 ground EM survey completed by Denison are not presently available via SMAD and were supplied to Cosa by Denison.Verification of historical drilling results included confirming historical drill hole collar locations from air photos and ground checking selected collars with a handheld GPS unit. Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling survey data and interpretations, and evaluating whether interpreted geophysical results could be reasonably explained by historical and current drilling results. Additionally, Cosa engaged a consultant to re-interpret historical geophysical surveys to validate selected previous interpretations. All drill core is scanned with an RS-125 hand held spectrometer to check for radioactivity. Intervals of anomalous radioactivity are removed in 0.5 metre core lengths to an area of background radioactivity and average radioactivity for the 0.5 metre interval is measured. Cosa drill holes are also surveyed using an Imdex EZ Gamma (NOVAx) down hole probe to provide a continuous log of radioactivity at 0.1 metre intervals. Down hole probe results are compared to RS-125 results to verify the depth and strength of radioactive intervals and to assess for radioactivity though sections of lost core.Qualified PersonThe Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. All radioactivity measurements reported herein are total gamma from an RS-125 hand-held spectrometer. Chemical assays are pending. As the orientation of mineralization is unknown, true widths are unknown and reported mineralized intervals represent core lengths. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.ContactKeith Bodnarchuk, President and CEO

Denison Announces Filing of Annual Report on Form 40-FMarch 30, 2026 5:30 PM
PR Newswire (Canada)

TORONTO, March 30, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has filed its 2025 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC").  Denison's Form 40-F includes its annual information form, management discussion and analysis, and audited financial statements for the year ended December 31, 2025.  The Form 40-F will be available on Denison's website at www.denisonmines.com and on the SEC's website at www.sec.gov/edgar. View PDF versionDenison's annual information form has also been filed with Canadian regulatory authorities and will be available on Denison's website at www.denisonmines.com and under the Company's profile on SEDAR+ at www.sedarplus.ca.Holders of Denison's securities may receive a free printed copy of the Company's most recent Annual Report on Form 40-F, including the audited financial statements, by sending an email request to info@denisonmines.com or by writing to Denison Mines Corp., 1100 - 40 University Avenue, Toronto, Ontario, Canada M5J 1T1.About DenisonDenison is a leading uranium mining, development, and exploration company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. Denison has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. In mid-2023, the Phoenix feasibility study was completed for the Phoenix deposit as an ISR mining operation, and an update to the previously prepared 2018 Pre-Feasibility Study ("PFS") was completed for Wheeler River's Gryphon deposit as a conventional underground mining operation. Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting efforts for Phoenix commenced in 2019 and the required permits have been obtained to commence construction – including the July 2025 approval of the project's Environmental Assessment ("EA") by the Province of Saskatchewan and the February 2026 federal approval of the EA and issuance of the Construction Licence.Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint Venture ("MLJV"), which restarted mining with SABRE in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Main and Midwest A deposits held by the Midwest Joint Venture ("MWJV"), and a 70.55% interest in the Tthe Heldeth Túé ("THT") and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, the Company has direct ownership interests in properties covering ~457,000 hectares in the Athabasca Basin region.Additionally, through its 50% ownership of JCU (Canada) Exploration Company, Limited ('JCU'), Denison holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118) and Christie Lake (JCU, 34.4508%).In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the Elliot Lake region of northern Ontario.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain information contained in this press release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'.  In particular, this press release contains forward-looking information pertaining to the following: Denison's development plans for Wheeler River and the proposed ISR operation for the Phoenix deposit; expectations regarding Denison's joint venture ownership interests; and expectations regarding the objectives and continuity of its agreements with third parties.Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. In addition, Denison may decide or otherwise be required to discontinue development work if it is unable to maintain or otherwise secure the necessary approvals or resources.  Denison believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in the Company's annual information form for the year ended December 31, 2025 under the heading 'Risk Factors'. These factors are not, and should not be, construed as being exhaustive.Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this press release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.





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Original: Denison Announces Filing of Annual Report on Form 40-F

Cosa Reports 5.0 metres of Anomalous Radioactivity up to 13,900 CPS Intersected at Murphy Lake North Joint Venture with Denison MinesMarch 24, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 24, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to report that the first winter 2026 drill hole at the Company's Murphy Lake North Project ("MLN" or the "Project") has intersected 5.0 metres of anomalous radioactivity. MLN is a joint venture (the "Joint Venture") between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) ("Denison") and is located 3 kilometres east of IsoEnergy's Hurricane Deposit in the eastern Athabasca Basin, Saskatchewan (Figure 1). Cosa is the operator and holds a 70% interest with Denison holding a 30% interest.HighlightsMLN26-013 intersected 5.0 metres of anomalous radioactivity up to 13,900 CPS1 in the upper basement approximately 260 metres vertically from surfaceStrong, structurally controlled alteration in the sandstone and basement is open in all directionsMLN26-013 is the lone drill hole within a 1.2 kilometre section of the Cyclone trendDrilling is ongoing and will test the immediate area around the radioactivityKeith Bodnarchuk, President and CEO, commented: "This intersection is an exceptional result. The shallow depth, proximity to existing infrastructure, and our team's history with this area, elevates the significance of this result. With a healthy treasury and strong support from our largest shareholder and Joint Venture partner Denison Mines, we are well positioned to ambitiously drill test Murphy Lake North for the remainder of 2026."Andy Carmichael, Vice President of Exploration, commented: "We are very encouraged that our first drill hole of the winter program intersected a significant width of anomalous radioactivity while following up the alteration identified in 2025. The mineralization, structure, and alteration intersected by MLN26-013 are open in all directions and the nearest drilling is 600 metres away along strike to the east and west. We'd like to recognize the instrumental roles our technical team of Keane Baseden (Senior Geologist), Haley Kitt and Kelly Stasiuk (Exploration Geologists) played in achieving this excellent result. We plan to use the remainder of our winter program to follow up the results of MLN26-013."MLN Winter DrillingWinter drilling at MLN was planned to follow up summer 2025 results at the Cyclone trend where broad zones of structure and alteration were intersected over a 2 kilometre strike length (Figure 2). The program's objectives were to target a gap in drilling at Cyclone and evaluate a potential untested trend approximately 100 metres south of Cyclone. Both planned target areas are best accessed in winter due to the presence of lakes. MLN26-013 was the first drill hole of the program and targeted the main Cyclone trend within a 1,200-metre gap between existing drill fences. MLN26-013MLN26-013 intersected broad zones of moderately to strongly altered sandstone from 200 metres to the unconformity at 299.4 metres. The strongest structure was intersected from 221 to 242 metres and is pervasively bleached and desilicified. The basal 9 metres of sandstone contains metre-scale zones of moderate to strong argillization within broader pervasively bleached sections and hosts hydrothermal hematite in the basal 1 metre.The unconformity was intersected approximately 250 metres vertically from surface. The upper basement is strongly and pervasively argillized and variably limonitized, hematitized, and chloritized to 306 metres (Figure 3). Graphitic and sulphidic pelitic gneiss immediately below the strongly altered zone hosts several intervals of anomalous radioactivity1 between 306.5 and 313.5 metres ranging from 400 to 13,900 cps (Table 1). This broader zone includes a 5.0 metre interval of continuously anomalous radioactivity from 308.5 to 313.5 metres. Core recovery through the mineralized zone was 100%. Basement below the radioactive zone is a sequence of dominantly non-graphitic metasediments hosting graphitic faulting. The drill hole was terminated at 425 metres.Table 1 - Winter 2026 MLN Drilling Program ResultsHole 
IDFrom
(m)To
(m)Length
(m)Radioactivity1, 2
(CPS)Orientation
(Azi./Dip)LocationMLN26-013306.5307.00.5>350166 / -60Section 3200E
307.5308.00.5>1,000

and308.5313.55.0>1,000

including310.5313.02.5>5,000

including310.5311.00.5>13,000

 Radioactivity is total gamma from drill core measured with an RS-125 hand-held spectrometerMeasurements of total gamma on drill core are an indication of uranium content, but may not correlate with chemical assaysNext StepsThe remaining two targets planned for the program have been deferred in favour of immediate follow up of MLN26-013 which is ongoing. Chemical assays from MLN26-013 are pending.About Murphy Lake North MLN covers a portion of the Larocque Lake trend and is located 2.7 kilometres east of the Hurricane deposit (Figures 1 and 2). Hurricane is the world's highest-grade indicated uranium resource and was discovered and delineated for IsoEnergy Ltd. by current members of Cosa's team. The Larocque Lake trend also hosts the high-grade Larocque Lake Zone, Yelka Prospect, and Alligator Lake Zone. MLN contains the along-strike extension of basement geology underlying the Hurricane deposit (the Hurricane trend), as well as a parallel conductive trend to the south (the Cyclone trend). Cosa's winter 2026 drill program intersected several meters of basement hosted radioactivity within a broader zone of strong structure and alteration at the Cyclone trend. Following up these results is the primary objective for the remainder of 2026 at MLN.1 - Cosa considers radioactivity anomalous when it (i) exceeds 350 cps measured with a Radiation Solutions RS-125 hand held spectrometer, (ii) is accompanied by structure and/or hydrothermal alteration consistent with Athabasca unconformity related uranium deposits, and (iii) spectrometric assay by RS-125 indicates a uranium to be the dominant source.Figure 1 - Cosa's Eastern Athabasca Uranium Projects with Joint Venture ProjectsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/289682_a604561404c0fb07_003full.jpgFigure 2 - MLN Project OverviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/289682_a604561404c0fb07_004full.jpgFigure 3 - MLN26-013 Mineralized ZoneTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/289682_a604561404c0fb07_005full.jpgAbout Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.The Company's focus throughout 2026 is drilling at the Darby and MLN projects in the eastern Athabasca Basin. Both projects are operated by Cosa and are 70/30 joint ventures between Cosa and Denison respectively. Drilling at Darby will evaluate target areas with anomalous uranium, clay alteration, and historical mineralization intersected nearby. Drilling at MLN will follow up a zone of newly identified anomalous radioactivity intersected by winter 2026 drill hole MLN26-013. Technical DisclosureHistorical drilling and geophysical results for MLN were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for MLN and adjacent projects include file numbers 64L05-0161, 64L05-0180, 74I-0060, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0057, 74I09-0061, 74I09-0064, 74I09-0066, 74I09-0071, 74I09-0077, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, 74I09-0098, MAW00510, MAW01939, MAW02327, MAW02599, and MAW02395. Data and reports related to the 2020 ground EM survey completed by Denison are not presently available via SMAD and were supplied to Cosa by Denison.Verification of historical drilling results included confirming historical drill hole collar locations from air photos and ground checking selected collars with a handheld GPS unit. Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling survey data and interpretations, and evaluating whether interpreted geophysical results could be reasonably explained by historical and current drilling results. Additionally, Cosa engaged a consultant to re-interpret historical geophysical surveys to validate selected previous interpretations. All drill core is scanned with an RS-125 hand held spectrometer to check for radioactivity. Intervals of anomalous radioactivity are removed in 0.5 metre core lengths to an area of background radioactivity and average radioactivity for the 0.5 m interval is measured. Cosa drill holes are also surveyed using an Imdex EZ Gamma (NOVAx) down hole probe to provide a continuous log of radioactivity at 0.1 metre intervals. Down hole probe results are compared to RS-125 results to verify the depth and strength of radioactive intervals and to assess for radioactivity though sections of lost core. Qualified PersonThe Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. All radioactivity measurements reported herein are total gamma from an RS-125 hand-held spectrometer. Chemical assays are pending. As the orientation of mineralization is unknown, true widths are unknown and reported mineralized intervals represent core lengths. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.ContactKeith Bodnarchuk, President and CEO

Utah's Forgotten Uranium Belt Is Getting a Second Look. Here's Why the Timing Matters.March 23, 2026 2:14 PM
PR Newswire (Canada)

Issued on behalf of EagleOne Metals CorporationVANCOUVER, BC, March 23, 2026 /CNW/ -- Equity-Insider.com — Thirty-five miles south of Hanksville, Utah, in the heart of some of the highest-grade historical uranium country in the American West, there's a 206-acre property that was drilled once in 2008, returned mineralized intercepts across six commodities, and then sat untouched for nearly two decades.







It's not hard to understand why. Uranium spent most of the 2010s in the penalty box. Spot prices languished below $30 per pound. Nobody was acquiring uranium ground in Utah. Nobody was funding exploration for rare earths in the Colorado Plateau. The economics didn't work, and the geopolitical urgency didn't exist.Both of those conditions have reversed. Uranium is now approaching $92 per pound. The IEA projects a 30% copper supply shortfall by 2035. Rare earth supplies outside China cover less than 40% of projected demand. And the U.S. government has committed more than $30 billion to secure critical mineral supply chains in just the past six months, including a $12 billion Project Vault strategic stockpile and a $2.7 billion DOE enrichment expansion.The companies best positioned for this environment are the ones that already hold ground. Cameco (TSX: CCO) (NYSE: CCJ), the world's largest publicly traded uranium company, recently partnered with the U.S. Government and Brookfield to accelerate Westinghouse nuclear reactor deployments — backed by $80 billion in aggregate government investment. Cameco is extending its Cigar Lake mine to 2036 and ramping McArthur River toward 25 million pounds annually. The market is paying $1,416 per pound of Cameco's future uranium capacity.NexGen Energy (TSX: NXE) (NYSE: NXE) is building what it positions as the world's largest and lowest-cost uranium mine at Rook I in Saskatchewan's Athabasca Basin. With estimated production costs under $10 per pound and spot uranium near $92, the margin thesis is extraordinary. NexGen raised C$800 million for construction and expects its Canadian Nuclear Safety Commission hearings this year. Denison Mines (TSX: DML) (NYSE: DNN) announced a final investment decision in March 2026 to construct the Phoenix in-situ recovery uranium mine at Wheeler River — 56.7 million pounds of proven and probable reserves, a projected IRR exceeding 80%, and production targeted for 2028 using a method that costs 15–70% less than conventional mining.On the rare earth side, MP Materials (NYSE: MP) operates the only scaled rare earth mining and processing site in North America at Mountain Pass, California. As Beijing tightened export controls on seven strategic rare earth elements in early 2026, MP's position as the Western hemisphere's primary source of NdPr oxide became acutely strategic. The company is building downstream magnet manufacturing capacity to supply EV and defense customers directly.These are billion-dollar companies operating in the same commodity environment that just created an opportunity at the opposite end of the valuation spectrum.EagleOne Metals Corporation (CSE: EAGL) (FSE: IJ2) recently signed a binding Letter of Intent to acquire 100% of the Poison Springs Uranium/Rare Earths Project in Utah for US$50,000. The 206.6-acre property returned mineralized intercepts across uranium, copper, silver, cobalt, nickel, and rare earth elements neodymium, praseodymium, and europium from a single 2008 drill campaign. Both uranium and REEs appear on the U.S. Critical Minerals List. Historical drilling by Cotter Corporation in nearby Hatch Canyon during 1978–1979 confirmed widespread mineralization across the broader region. Follow-up targets sit at less than 100 metres depth. A Triassic Chinle formation target carries additional potential for copper, vanadium, zinc, nickel, cobalt, and REEs.The Utah play is one piece of a broader portfolio. EagleOne's 100%-owned Hébécourt Township property in Quebec's Abitibi Greenstone Belt — a jurisdiction that has produced over 200 million ounces of gold historically — returned two priority anomalies targeting gold and copper. The adjacent Magusi West project produced gold anomalies up to 0.156 ppm and copper anomalies up to 186 ppm across 618 soil samples. And through a non-binding LOI with Surupampa Metals, EagleOne has a path to a Peruvian copper-gold asset.Four properties. Three countries. Gold, silver, copper, uranium, and rare earth elements. A C$240,000 financing pending. Market capitalization: approximately C$5 million.The structural deficit across uranium, copper, and rare earths is no longer a forecast. It's the primary driver behind the largest government mineral investment in American history. EagleOne Metals (CSE: EAGL) is assembling multi-commodity critical minerals exposure at the exact moment the policy environment and the price environment are converging — and the market hasn't priced it in yet.For more information on EagleOne Metals Corporation (CSE: EAGL) (FSE: IJ2) and its critical minerals portfolio, visit Equity-Insider.comRead this and more on EagleOne at: Equity-Insider.comArticle Source: https://usanewsgroup.com/2026/03/12/exploring-the-minerals-powering-the-digital-and-energy-future/CONTACT:
EQUITY INSIDER
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is not a paid advertisement at this time, as MIQ has not yet received compensation for this content, and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has not been paid a fee for EagleOne Metals Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of EagleOne Metals Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not currently own shares of EagleOne Metals Corporation. MIQ reserves the right to buy and sell, and will buy and sell shares of EagleOne Metals Corporation at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by EagleOne Metals Corporation; this is not currently a paid advertisement as MIQ has not yet received compensation, and we also reserve the right to buy shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:Critical Minerals Institute, February 2026 — https://investornews.com/market-opinion/the-critical-minerals-report-02-22-2026-the-price-floor-era-arrives-for-rare-earths-and-uranium-coppers-midstream-problem-and-graphite-trade-walls/ Bloomberg, Project Vault — https://www.bloomberg.com/news/articles/2026-02-02/trump-launches-12-billion-minerals-stockpile-to-counter-china CarbonCredits.com, Uranium Prices 2026 — https://carboncredits.com/uranium-prices-2026-supply-crunch-and-rising-demand-fuel-a-nuclear-bull-market/ U.S. State Department, 2026 Critical Minerals Ministerial — https://www.state.gov/releases/office-of-the-spokesperson/2026/02/2026-critical-minerals-ministerialLogo : https://mma.prnewswire.com/media/2840019/5878383/Equity_Insider_Logo.jpg



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Original: Utah's Forgotten Uranium Belt Is Getting a Second Look. Here's Why the Timing Matters.

Cosa Announces Expansions to Orion Project and Joint Ventures with Denison MinesMarch 3, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 3, 2026) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce expansions to the Murphy Lake North ("MLN"), Darby ("Darby"), and Orion ("Orion") projects (Figure 1). Darby and MLN are joint ventures (the "Joint Venture") between Cosa and Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) and are located 10 kilometres west of Cameco's Cigar Lake Mine and three kilometres east of IsoEnergy's Hurricane Deposit, respectively. Cosa is the operator of both and holds a 70% interest with Denison holding a 30% interest in each. Orion is 100% owned by Cosa and is located 5 kilometres northwest of Darby.HighlightsSix claims totalling 2,669 hectares added at Darby, MLN, and Orion to cover known conductive features, inferred extensions, and areas proximal to favourable drilling resultsAll claims acquired for minimal cash consideration with no encumbrancesJustin Rodko P. Geo, Vice President of Corporate Development, commented: "We are pleased to have expanded the Darby and Murphy Lake North Joint Ventures as well as our underexplored and prospective Orion project. All claims were acquired at low cost with no royalties and capture the interpreted extensions of known conductive and/or mineralized trends and expand the projects proximal to positive drilling results. We remain committed to advancing exploration and target generation across our eastern Athabasca portfolio as the Company is actively drilling the Darby JV, and winter drilling and ground-based resistivity surveying are planned to follow at MLN."DarbyTwo claims totalling 758 hectares were acquired and extend the northern border of Darby immediately south of the Tucker Lake Uranium Zone (Figures 1 and 2). The expanded area covers the strike extension of the Delta trend immediately northeast of the most recent electromagnetic (EM) survey completed at Darby. The 2011 survey defined the northeast-trending Delta conductor, which has not been drill tested and has been flagged by the JV for first pass drilling as early as H2-2026. Also in the expanded area, ZTEM survey results suggest potential for an extension of the Echo trend. The Darby claims were acquired from a third party for a cash payment with no encumbrances.Murphy Lake NorthThree claims totalling 345 hectares were acquired at Murphy Lake North to the south of the Cyclone trend where Cosa's 2025 drilling intersected broad zones of sandstone alteration and structure above graphitic basement rocks over a strike length of 2 kilometres (Figures 1 and 3). The claims were acquired by low-cost staking.OrionOne claim totalling 1,564 hectares was acquired at Orion. The claim extends Orion to the southeast and covers a zone of enhanced basement-hosted conductivity near the edge of the conductivity model generated from Z-Tipper Electromagnetic (ZTEM) surveying completed by Cosa in 2025. The zone of basement conductivity coincides with an historical conductor in a digital compilation by the Saskatchewan Government and is located within a magnetic high, suggesting a favourable structural setting. The Orion claim was acquired from a third party for a cash payment with no encumbrances.About DarbyLocated 10 kilometres west of the Cigar Lake Mine, Darby contains multiple prospective conductive trends and several historical intersections of weak uranium mineralization (Figures 1 and 2). Historical drilling demonstrates that many of these trends are highly prospective for uranium deposits characteristic of the eastern Athabasca Basin, yet most of the strike length has not been effectively evaluated. Work by Cosa in 2025 prioritized these trends and identified several historical drill holes with results that suggest proximity to uranium mineralization (See Cosa's news releases dated October 24, 2025 and January 20, 2026). Cosa is currently undertaking the first diamond drilling program at Darby since 2009.About Murphy Lake North MLN covers a portion of the Larocque Lake trend and is located 2.7 kilometres east of the Hurricane deposit (Figures 1 and 3). Hurricane is the world's highest-grade indicated uranium resource and was discovered and delineated for IsoEnergy Ltd. by current members of Cosa's team. The Larocque Lake trend also hosts the high-grade Larocque Lake Zone, Yelka Prospect, and Alligator Lake Zone. MLN contains the along-strike extension of basement geology underlying the Hurricane deposit (the Hurricane trend), as well as a parallel conductive trend to the south (the Cyclone trend). Drilling by Cosa in 2025 intersected zones of sandstone alteration and structure associated with graphitic basement structures along both trends. Following up these positive results is the primary 2026 objective at MLN.Cosa intends to commence drilling at MLN in Q1 2026 which will be followed by project-wide DC-Resistivity surveying ahead of an expanded summer drilling campaign. About OrionOrion is located 29 kilometres west of the Cigar Lake uranium mine and immediately east of Orano's Parker Lake Project. Orion covers approximately 25 kilometres of strike length of the interpreted extension of the Larocque Lake Trend and the interpreted intersection of the Larocque Lake and Cigar Lake-Tucker Lake trends. The fertile Larocque Lake Trend hosts numerous occurrences of high-grade mineralization to the northeast, including the Hurricane Deposit, while the portion covered by Orion is highly underexplored and has been tested by only two drill holes.Figure 1 - Cosa's Eastern Athabasca Uranium Projects with Joint Venture ProjectsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/286087_bc8020ee5476b9d8_003full.jpgFigure 2 - Darby Project OverviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/286087_bc8020ee5476b9d8_004full.jpgFigure 3 - Murphy Lake North Project OverviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9865/286087_bc8020ee5476b9d8_005full.jpgAbout Cosa Resources Corp.Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.The Company's focus throughout 2026 is drilling at the Darby and MLN projects in the eastern Athabasca Basin. Both projects are operated by Cosa and are 70/30 joint ventures between Cosa and Denison respectively. Drilling at Darby will evaluate target areas with anomalous uranium1, clay alteration, and historical mineralization intersected nearby. Drilling at MLN will follow up 2025 drilling which intersected broad zones of structurally controlled alteration over roughly 2 kilometres of strike length. 1 - When analyzed using SRC's partial digestion and Inductively Coupled Plasma Mass Spectrometry (ICP-MS) method, Cosa considers uranium concentrations in the Athabasca sandstone greater than 0.5 ppm to be elevated, greater than 1.0 ppm to be anomalous, and greater than 4 ppm to be strongly anomalous.Technical DisclosureHistorical drilling and geophysical results for Darby and MLN were sourced from the Saskatchewan Mineral Assessment Database (SMAD). SMAD sources for Darby include file numbers 74H14-0021, 74H14-0023, 74H15-0041, 74H15-0053, 74H15-0055, 74H15-0056, 74H15-0066, 74H15-0067, 74I02-0031, 74I02-0042, 74I02-0053, 74I02-0080, 74I02-0095, and MAW00516. Some confidential data and reports not presently available via SMAD were supplied to Cosa by Denison. SMAD sources for MLN and adjacent projects include file numbers 64L05-0161, 64L05-0180, 74I-0060, 74I-0066, 74I-0067, 74I01-0114, 74I08-0056, 74I09-0053, 74I09-0057, 74I09-0061, 74I09-0064, 74I09-0066, 74I09-0071, 74I09-0077, 74I09-0079, 74I09-0087, 74I09-0088, 74I09-0090, 74I09-0091, 74I09-0092, 74I09-0098, MAW00510, MAW01939, MAW02327, MAW02599, and MAW02395. Data and reports related to the 2020 ground EM survey completed by Denison are not presently available via SMAD and were supplied to Cosa by Denison.Verification of historical drilling results included confirming historical drill hole collar locations from air photos and ground checking selected collars with a handheld GPS unit. Basement and lower sandstone sections from most historical drill holes were relogged in 2024 and 2025 by Cosa. For Darby, verification of geochemical results for drill holes completed between 2008 and 2010 was facilitated by the reissuance of analytical certificates to Cosa by the Saskatchewan Research Council (SRC). Cosa thanks the SRC for its valued assistance in increasing confidence in the historical dataset. Verification of Orion drilling results includes relogging basement and lower sandstone from the two historical drill holes completed on the Project.Verification of historical geophysical results included confirming the locations of geophysical survey grids from air photos, compiling survey data and interpretations, and evaluating whether interpreted geophysical results could be reasonably explained by historical and current drilling results. For MLN, Cosa engaged a consultant to re-interpret historical geophysical surveys to validate selected previous interpretations. Qualified PersonThe Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to neighbouring properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.ContactKeith Bodnarchuk, President and CEO

Denison Announces Final Investment Decision for the Phoenix In-Situ Recovery Uranium Mine and Plans to Start Construction in March 2026February 24, 2026 6:04 PM
PR Newswire (Canada)

TORONTO, Feb. 24, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that its Board of Directors has made a Final Investment Decision ("FID") to proceed with the construction of the Phoenix In-Situ Recovery ("ISR") uranium mine ("Phoenix" or the "Project"), and that site preparation and construction activities for Phoenix are planned to commence in March 2026. PDF Version David Cates, President and CEO of Denison commented, "Making a Final Investment Decision and the upcoming initiation of construction activities at Phoenix mark the beginning of a new era in Denison's history and the Canadian uranium mining sector. Our teams have worked diligently over the last several years to bring Phoenix to a construction-ready state, obtain provincial and federal approvals, procure long-lead materials, and secure financing to be in a position to make this landmark decision and commence construction of the first new large-scale Canadian uranium mine in over two decades.  With construction anticipated to take approximately two years, commencing construction in March is expected to allow us to maintain our objective to achieve first production from Phoenix by mid-2028 and ultimately position Denison as one of the few uranium suppliers globally who will be able to provide a sizeable new source of uranium production before the end of the decade." About Wheeler River Wheeler River is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited ("JCU", 10%). In August 2023, Denison filed a technical report (the "Wheeler River Report") summarizing the results of (i) Phoenix FS; and (ii) a cost update to the 2018 Pre-Feasibility Study for conventional underground mining of the basement-hosted Gryphon uranium deposit. Based on the respective studies, both deposits have the potential to be competitive with the lowest-cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019, culminating in the July 2025 approval of the Project's Environmental Assessment ("EA") by the Province of Saskatchewan and the February 2026 approval of the Project's EA and the grant of the Licence to Prepare Site & Construct by the Canadian Nuclear Safety Commission. More information is available in the technical report titled "NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada" dated August 8, 2023 with an effective date of June 23, 2023, and an update to estimated Phoenix initial capital costs disclosed by press release dated January 2, 2026, copies of which are available on Denison's website and under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.About DenisonDenison is a leading uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to Denison's effective 95% interest in its flagship Wheeler River Project, Denison's interests in Saskatchewan include a 22.5% ownership interest in the McClean Lake Joint Venture ("MLJV"), which includes unmined uranium deposits (with mining at McClean North deposit via the MLJV's SABRE mining method having commenced in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Joint Venture's Midwest Main and Midwest A deposits, and a 70.55% interest in the Tthe Heldeth Túé ("THT") and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, Denison has direct ownership interests in properties covering ~457,000 hectares in the Athabasca Basin region.Additionally, through its 50% ownership of JCU, Denison holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the Elliot Lake region of northern Ontario.Follow Denison on Twitter @DenisonMinesCoCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation, concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'potential', 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' 'be taken', 'occur' or 'be achieved'.In particular, this news release contains forward-looking information pertaining to Denison's current expectations, intentions and objectives with respect to Wheeler River and Phoenix, including the Company's outlook generally with respect to ISR mine development and operations on the Wheeler River property; the status of a final investment decision; timing, readiness and mobilization for site clearing and construction, and construction planning; current outlook for the achievement of first production; the results of, and estimates, assumptions and projections provided in, the technical report for Wheeler River and the interpretations and expectations with respect thereto, including the updated initial capital cost estimate; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners and third parties.Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the results and underlying assumptions and interpretations of its technical studies and cost forecasting may not be maintained after further testing, procurement, or operations, or be representative of actual conditions at the Project or within the applicable deposits. In addition, Denison may decide or otherwise be required to discontinue work if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, joint venture approvals, regulatory approvals, etc.). Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 28, 2025 under the heading 'Risk Factors' or in subsequent quarterly financial reports. These factors are not, and should not be construed as being, exhaustive.Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.





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Original: Denison Announces Final Investment Decision for the Phoenix In-Situ Recovery Uranium Mine and Plans to Start Construction in March 2026

Denison Receives Final Regulatory Approval to Construct the Phoenix ISR Uranium MineFebruary 19, 2026 10:31 AM
PR Newswire (Canada)

TORONTO, Feb. 19, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that the Canadian Nuclear Safety Commission ("CNSC") has released the decision of its administrative tribunal (the "Commission") approving the Environmental Assessment ("EA") and issuing the Licence to Prepare Site & Construct a Mine and Mill (the "Licence") for the Wheeler River Uranium Project ("Wheeler River").  With the EA having previously been approved by the Province of Saskatchewan, and other provincial approvals necessary to commence construction already received, federal approval of the EA and the issuance of the Licence represent the final regulatory approvals required to commence construction of the Phoenix In-Situ Recovery ("ISR") uranium mine ("Phoenix" or the "Project"). PDF VersionDavid Cates, President and CEO of Denison commented, "The Commission decision to approve the EA and issue the Licence represents a landmark achievement for Denison, as well as our staff, shareholders, Indigenous partners, and other stakeholders in the Project.  We thank the Commission and CNSC staff for promptly delivering the positive results of the recently completed public hearing and extensive federal regulatory review process.  Denison has successfully demonstrated to the Commission's satisfaction that Phoenix can be built in a manner that meets Canada's stringent standards.  I'd like to recognize the efforts of Denison's talented teams, which have worked together tirelessly over a 7-year period to engage with Indigenous and non-Indigenous communities, comply with applicable laws and regulatory requirements, build trust with regulators and the public, and ultimately advocate for the approval of this ground-breaking project.  Phoenix is the first uranium mine in Canada to be approved for ISR mining and is the first large-scale Canadian uranium mine approved for construction in more than 20 years.  It is a nation building project that reflects the best of Canadian ingenuity and determination.  Owing to the use of the ISR mining method, Phoenix has the potential to generate strong economics while also achieving a superior standard of sustainability when compared to conventional mining methods. With an approximately 2-year construction timeline, the timing of this approval means that the Project remains on track for first production by mid-2028.  Given Phoenix's construction ready state, our recent award of the construction management contract, and Denison's strong financial position, we are eager to conclude the Company's final investment decision for the Project and announce the timeline for the commencement of construction."The CNSC's decision to approve the EA and grant the Licence for the Project was informed by CNSC Staff recommendations and public input, with the regulatory process culminating in a two-part public hearing that was held in October and December 2025 (the "Hearing"). A draft Licence was presented by the CNSC staff to the Commission at the Hearing part one proceedings, on October 8, 2025.  The draft Licence proposed several conditions requiring closure by Denison prior to site construction activities, which the Denison team has worked diligently to satisfy. As a result of this preemptive work, and with the receipt of the Licence, Denison is in a position to immediately proceed with site preparation and commence construction activities as soon as a final investment decision is made.About Wheeler River Wheeler River is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited ("JCU", 10%). In August 2023, Denison filed a technical report (the "Wheeler River Report") summarizing the results of (i) Phoenix FS; and (ii) a cost update to the 2018 Pre-Feasibility Study for conventional underground mining of the basement-hosted Gryphon uranium deposit. Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019, culminating in the July 2025 approval of the Project's EA by the Province of Saskatchewan and the February 2026 approval of the Project's EA and the grant of the Licence by the CNSC. More information is available in the technical report titled "NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada" dated August 8, 2023 with an effective date of June 23, 2023, and an update to estimated Phoenix initial capital costs disclosed by press release dated January 2, 2026, copies of which are available on Denison's website and under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.About DenisonDenison is a leading uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to Denison's effective 95% interest in its flagship Wheeler River Project, Denison's interests in Saskatchewan include a 22.5% ownership interest in the McClean Lake Joint Venture ("MLJV"), which includes unmined uranium deposits (with mining at McClean North deposit via the MLJV's SABRE mining method having commenced in 2025 using the MLJV's SABRE mining method) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Joint Venture Midwest Main and Midwest A deposits, and a 70.55% interest in the Tthe Heldeth Túé ("THT") and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, Denison has direct ownership interests in properties covering ~457,000 hectares in the Athabasca Basin region.Additionally, through its 50% ownership of JCU (Canada) Exploration Company, Limited ("JCU"), Denison holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the Elliot Lake region of northern Ontario.Follow Denison on Twitter @DenisonMinesCoCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation, concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'potential', 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' 'be taken', 'occur' or 'be achieved'.In particular, this news release contains forward-looking information pertaining to Denison's current expectations, intentions and objectives with respect to Wheeler River and Phoenix, including the Company's outlook generally with respect to ISR mine development and operations on the Wheeler River property; the CM Contract and its current terms; the status and conditions of regulatory approvals; the status of a final investment decision; timing, readiness and mobilization for site clearing and construction, and construction planning; current outlook for the achievement of first production; the results of, and estimates, assumptions and projections provided in, the technical report for Wheeler River and the interpretations and expectations with respect thereto, including the updated initial capital cost estimate; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners and third parties.Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the results and underlying assumptions and interpretations of its technical studies and cost forecasting may not be maintained after further testing, procurement, or operations, or be representative of actual conditions at the Project or within the applicable deposits. In addition, Denison may decide or otherwise be required to discontinue work if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, joint venture approvals, regulatory approvals, etc.). Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 28, 2025 under the heading 'Risk Factors' or in subsequent quarterly financial reports. These factors are not, and should not be construed as being, exhaustiveAccordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.





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Original: Denison Receives Final Regulatory Approval to Construct the Phoenix ISR Uranium Mine

Foremost Clean Energy Plans 5,000-Metre Drill Campaign at Hatchet Lake Uranium ProjectFebruary 18, 2026 9:21 AM
IH Market News
Foremost Clean Energy Ltd. (NASDAQ:FMST) said it expects to begin a 5,000-metre diamond drilling program in mid-February at its Hatchet Lake Uranium Project in northern Saskatchewan’s eastern Athabasca Basin.The upcoming campaign will follow up on the company’s 2025 winter drill program, which led to a new uranium discovery in the Tuning Fork target area. Mineralization was identified within a previously untested 600-metre gap between historic drill holes.Discovery hole TF-25-16 returned 0.87% U3O8 over 0.45 metres within a wider 6.2-metre interval grading 0.10% U3O8. Subsequent drilling extended strong hydrothermal alteration at least 50 metres along strike to the northeast — features typically associated with unconformity-related uranium systems and potentially indicative of a larger mineralized body nearby.Jason Barnard, President and CEO, said: “This upcoming 5,000-metre drill program represents a significant next step at Hatchet Lake and is designed to systematically follow up on the TF-25-16 discovery. The results from our completed 2025 drill program confirmed the presence of a fertile uranium system at the Tuning Fork target, and the additional geophysical work completed since has materially expanded our target inventory across the property. With multiple drill-ready targets now defined, and with the benefit of Denison Mines’ (AMEX:DNN) historical drilling and geophysical work that helped establish the technical framework for Hatchet Lake, we believe the timing is ideal to execute a focused winter program, particularly with uranium prices recently reaching the US$100-per-pound level. This program is designed to expand on the discovery and test additional high-priority targets in one of the world’s premier uranium districts, the Athabasca Basin.”



Target Areas and Strategy



Hatchet Lake consists of two claim blocks — Hatchet Lake South and Hatchet Lake North — each hosting several drill-ready targets identified through geological, structural and geophysical indicators consistent with unconformity-related uranium mineralization.The 2026 program will concentrate on:




The Tuning Fork and Beta Grid targets at Hatchet Lake South



The Richardson SE area at Hatchet Lake North




Primary efforts will focus on step-out and infill drilling around hole TF-25-16 to test both along-strike and down-dip continuity, refine structural controls and vector toward additional uranium mineralization.The campaign will also evaluate high-priority zones previously outlined by historical drilling and geophysical interpretation conducted by Denison Mines (AMEX:DNN). Foremost has supplemented this dataset with modern reprocessing and reinterpretation of legacy magnetic and electromagnetic surveys, including updated conductor modeling to better define target geometry and depth.Management said the integrated geological and geophysical approach is intended to enhance drill precision and maximize the potential for further discoveries within the Athabasca Basin, widely regarded as one of the world’s leading uranium-producing regions.Foremost Clean Energy stock price

Original: Foremost Clean Energy Plans 5,000-Metre Drill Campaign at Hatchet Lake Uranium Project

Denison Announces Award of Construction Management Contract to Wood Canada for the Phoenix Uranium MineFebruary 17, 2026 6:30 AM
PR Newswire (Canada)

TORONTO, Feb. 17, 2026 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML; NYSE American: DNN) is pleased to announce that, following a competitive tender process, it has awarded Wood Canada Limited ("Wood"), a global leader in consulting and engineering, with the construction management contract (the "CM Contract") to oversee the building of the Phoenix in-situ recovery uranium mine ("Phoenix", or the "Project"). This is a key milestone for the Project and represents another crucial step towards the commencement of construction. PDF Version.David Cates, President & CEO of Denison, commented, "In anticipation of receiving our Federal permits to prepare the site and construct the Wheeler River project, we are pleased to announce the award of the construction management contract to our trusted partners at Wood. The selection of Wood for construction management allows us to leverage our long-standing relationship with Wood's Canadian team, which began with co-authoring the 2023 Feasibility Study for Phoenix and continued with the detailed design engineering for the Project over the last two years. We are actively organizing our teams, including the onboarding of key construction personnel, to ensure we are ready to proceed with site preparation as soon as possible upon receipt of all required permits. Given Denison's strong balance sheet, and advanced state of project engineering, construction planning, and procurement, we stand ready to make a Final Investment Decision and commence construction shortly after securing Federal approval of the Environmental Assessment and Licence to Prepare the Site for & Construct a Mine and Mill."John Day, President of Projects Western Hemisphere at Wood, commented: "We value Denison's continued trust in our team and look forward to working together to lead the Wheeler River project through the construction phase. Having supported Phoenix from the feasibility stage through detailed design, we understand the technical and execution requirements of this project.  Our priority is to enable a safe and seamless transition into execution – maintaining continuity of personnel, applying disciplined project management, and ensuring a predictable path to first production for this landmark project in the Canadian uranium industry. We look forward to continuing to work as an integrated team with Denison, combining our complementary project, construction, and uranium expertise to deliver Phoenix safely and successfully."The CM Contract currently contemplates procurement and construction management scopes, whereby Wood will be responsible for (i) construction management of the full processing plant scope, (ii) installation of certain site infrastructure, and (iii) integrated project controls, ongoing procurement support, on-site safety oversight, as well as maintaining reporting and performance management standards (the "Services"). The Services will be provided by Wood in close consultation with Denison, with members of Wood's team and Denison's team holding complementary roles in an integrated project management team.The selection of Wood for the CM Contract provides important continuity between the engineering and execution phases of the Project and aims to enable the efficient and reliable delivery of the Project during an estimated 24-month construction period. Denison has entered into the CM Contract as the operator of the Project on behalf of the Wheeler River Joint Venture.About Wheeler River 
Wheeler River is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited ("JCU", 10%). In August 2023, Denison filed a technical report (the "Wheeler River Report") summarizing the results of (i) Phoenix FS; and (ii) a cost update to the 2018 Pre-Feasibility Study for conventional underground mining of the basement-hosted Gryphon uranium deposit. Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019 and are nearing completion with approval in July 2025 of the Project's EA by the Province of Saskatchewan and conclusion in December 2025 of the Canadian Nuclear Safety Commission Public Hearing for Federal approval of the EA and project construction license. More information is available in the technical report titled "NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada" dated August 8, 2023 with an effective date of June 23, 2023, and an update to estimated Phoenix initial capital costs disclosed by press release dated January 2, 2026, copies of which are available on Denison's website and under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.About Denison
Denison is a leading uranium mining, development, and exploration company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to Denison's effective 95% interest in its flagship Wheeler River Project, Denison's interests in Saskatchewan include a 22.5% ownership interest in the McClean Lake Joint Venture ("MLJV"), which includes unmined uranium deposits (with mining at McClean North deposit via the MLJV's SABRE mining method having commenced in 2025 using the MLJV's SABRE mining method) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Joint Venture Midwest Main and Midwest A deposits, and a 70.55% interest in the Tthe Heldeth Túé ("THT") and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, Denison has direct ownership interests in properties covering ~457,000 hectares in the Athabasca Basin region.Additionally, through its 50% ownership of JCU, Denison holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the Elliot Lake region of northern Ontario.About Wood
Wood is a global leader in consulting and engineering, delivering critical solutions across energy and materials markets. Wood provides consulting, projects and operations solutions in 60 countries, employing around 35,000 people. For more information, visit www.woodplc.comFollow Denison on X (formerly Twitter) @DenisonMinesCo Technical Disclosure and Qualified PersonThe technical information contained in this press release has been reviewed and approved by Chad Sorba, P.Geo., Denison's Vice President Technical Services & Project Evaluation, who is a Qualified Person in accordance with the requirements of NI 43-101.Cautionary Statement Regarding Forward-Looking StatementsCertain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation, concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'potential', 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' 'be taken', 'occur' or 'be achieved'.In particular, this news release contains forward-looking information pertaining to Denison's current expectations, intentions and objectives with respect to Wheeler River and Phoenix, including the Company's outlook generally with respect to in-situ recovery mine development and operations on the Wheeler River property; the CM Contract and its current terms; the status of regulatory approvals and pending final investment decision, conditional on permitting; timing, readiness and mobilization for construction, and construction planning; current outlook for the achievement of first production; the results of, and estimates, assumptions and projections provided in, the technical report for Wheeler River and the interpretations and expectations with respect thereto; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners and third parties.  Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the results and underlying assumptions and interpretations of its technical studies and cost forecasting may not be maintained after further testing, procurement, or operations, or be representative of actual conditions at the Project or within the applicable deposits. In addition, Denison may decide or otherwise be required to discontinue testing, evaluation and other work on the Company's other properties if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, joint venture approvals, regulatory approvals, etc.). Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 28, 2025 under the heading 'Risk Factors' or in subsequent quarterly financial reports. These factors are not, and should not be construed as being, exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/denison-announces-award-of-construction-management-contract-to-wood-canada-for-the-phoenix-uranium-mine-302689306.htmlSOURCE Denison Mines Corp.

Original: Denison Announces Award of Construction Management Contract to Wood Canada for the Phoenix Uranium Mine

DNN has cooled a bit after its 333% run, but $3.40 still looks attractive versus analyst targets ($3.30–$4.58 CAD). Phoenix ISR construction is underway with $700M liquidity, and technical hurdles are behind us—CNSC approvals are complete, CapEx is set at $600M, and we have a clear 2-year path to mid-2028 production.

Macro fundamentals are supportive: uranium spot is $82.75/lb and BofA sees $135 potential this year. The Kindersley Lithium Project PFS later in 2026 adds optionality beyond uranium, making DNN more than just a single-commodity play.

Entry at these levels makes sense for those patient enough to ride the construction phase, with a stop near $3.00ish for risk control. Recent 52-week highs (C$4.88) and transaction activity show the stock still has legs, but short-term volatility is real. This isn’t a pump—this is a Tier-1 project moving into execution.

Getty up. Time to go eom

Just thermal gradient, happens everywhere.

maybe on federal land

Nuclear revival is going to need a lot more uranium

https://uraniumequities.com/uranium-reports/2024/11/Uranium_RBC_Nov21_2024.pdf

DNN new 52 hi

CALGARY, AB, Jan. 16, 2024 /CNW/ - (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce we entered into a definitive agreement dated January 15, 2024 with Denison Mines Corp (TSX: DML NYSE American: DNN) ("Denison") whereby Denison has the option to earn up to a 75% working interest in the Kindersley Lithium Project ("KLP") by funding in aggregate up to $15,150,000 comprised of both cash payments to GLC of up to $3,150,000 and funding project expenditures of up to $12,000,000 through a structured earn-in option.

Bullish fir Uranium Stocks https://www.gov.uk/government/news/new-nuclear-fuel-agreement-alongside-g7-seeks-to-isolate-putins-russia

on average it takes 16 years for a new mine to be approved

Hahahaha that's my boy

Boo! He he, come join me over at $KEGS, we’ll do beer funnels :)

What's up ah's?

Think the reason is the underground is warmer than open air--a lot warmer the deeper you go

moving along, checking the boxes, all in a good way

Denison Announces Successful Completion of Neutralization Phase of Phoenix ISR Feasibility Field Test

https://finance.yahoo.com/news/denison-announces-successful-completion-neutralization-113000241.html

Nice news

DNN now above MA/200 >>> Breakout Chart forming

https://stockcharts.com/c-sc/sc?s=DNN&p=D&b=5&g=0&i=0&r=1668191730878

I received a poorly written promotion email out of Berlin that sounded like this stock was a sure thing. I guess live and learn, never believe offshore touts from Germany.

Could take off any day ... hang in there

What happened to the “massive breakout” here?
DNN down 7.3% today?

What happened to the DNN “squeeze” that was supposed to happen a month ago?

Massiv DNN breakout looming imho... Good Chart picture now...

needs some coaxing and TLC.....just my opinion ---JMO


https://stockcharts.com/c-sc/sc?s=DNN&p=D&b=5&g=0&i=0&r=1662661814948

DNN $1.29 +4.9% seems uranium multipler going in breakout position

Even now Europe is setting records in the amount of green energy produced. They better. Nuclear will be there too. It will still take time.

https://www.breitbart.com/europe/2022/10/18/communist-china-cuts-off-europe-from-its-natural-gas-supplies-report/

a family member likes it and will buy more

$1.23 and Great Vol

The market is heavily oversold and secured with unprecedented puts. The potential for a huge SQUEZZE to come up this week is great. Being short is not a good idea in the short term. DNN will be exciting.

this junior wants to be like DIG DADDY

Hopefully something like that is in the works. Stock price is being held down.

lets see if new high grade discovery is ''real''

Hopefully by the end of this month ?

your target will be eventually met--- my target is 1.88