Codrus Minerals Limited (ASX:CDR)’s Post

Blue Sky Uranium has acquired two promising uranium projects in Argentina, covering nearly 80,000 hectares. The Corcovo and Chihuidos projects are prospective for uranium deposits amenable to In Situ Recovery (ISR), a cost-effective and environmentally friendly extraction method. The Corcovo project benefits from the provincial government's mining promotion initiatives, and the National Atomic Energy Commission has identified significant uranium exploration potential in the area. Uranium radiometric anomalies detected at depth in oil and gas wells suggest geological conditions consistent with ISR uranium deposits. The Chihuidos project has a rich exploration history, initially recognized by the National Atomic Energy Commission in the 1960s and 1970s. Cameco Corporation and Calypso Uranium Corporation explored the area in the early 2000s. Chihuidos' topographic high, surrounded by airborne radiometric anomalies and surface uranium occurrences, offers strong potential for a preserved uranium mineralized system at depth. Blue Sky Uranium has initiated the permitting process for field programs and is prioritizing prospective targets for future exploration and drill testing. The company is updating and verifying existing databases, including borehole surveys and seismic data from historical oil and gas exploration, to refine its exploration strategies. #uranium #mining #argentina @blueskyu @proactive_na

Stallion Uranium has recently announced its decision to divest its non-core uranium projects in the Eastern Athabasca Basin, Saskatchewan, Canada, to Glorious Creation. The agreement gives Glorious Creation the right to acquire a 100% interest in seven mineral claims covering approximately 10,874 hectares. This strategic move by Stallion Uranium will allow the company to focus on its core uranium projects while providing an opportunity for Glorious Creation to expand its portfolio. The acquisition of these mineral claims will enable Glorious Creation to strengthen its position in the market and further its commitment to sustainable mining practices. To learn more about this exciting development, check out the link below: https://lnkd.in/gs-p5UHe #miningtechnology #mining #mineaustralia #bradwtaylor Mining Technology & MINE Magazine

Moab Minerals Ltd (ASX:MOM) has successfully completed the acquisition of 81.85% of Linx Resources, expanding its portfolio with advanced, large-scale uranium projects in Tanzania. "The completion of the acquisition of such high potential uranium projects is transformational for the Company. The fact that Uranex Ltd previously explored, and extensively drilled, the Manyoni Uranium Project from the early 2000’s to 2013 assists greatly. "There is a large volume of historic exploration data, including drilling data, that the Company has access to that will effectively save a lot of time and money. Given the current uranium price of circa US$85/lb, Moab is in the right place at the right time to re-evaluate the Manyoni Uranium Project and to commence exploration on the Octavo Uranium Project." - Moab Minerals Managing Director Malcolm Day #ASX #ASXNews #Investing #Mining #Uranium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gdCR_XdF

Uranium exploration ramps up! Standard Uranium set to kick off exploration activities on the Canary Project in Athabasca Basin. A pivotal step towards unlocking potential resources: https://ibn.fm/Y8pcY #Uranium #Exploration #mining

We are pleased to provide an update on the progress of our 100%-owned Napperby Uranium Project in the Northern Territory, an integral component of our FY25 exploration program.   Key Highlights: 🔹The approvals process is currently underway for resource extension drilling at Napperby, which contains a JORC Mineral Resource of 8.03Mlb U₃O₈ within approximately 6km of an estimated 20km prospective paleochannel system. 🔹Recent geophysical surveys have identified additional multi-commodity targets within the project area, which will be advanced in parallel with our uranium exploration activities. 🔹 The Napperby exploration is part of Core Lithium’s broader focus on low-cost target generation and resource extension across lithium, gold, uranium, and other critical minerals.   Commenting on the update, our CEO, Paul Brown, stated: “Napperby is one of the few uranium projects with an existing Mineral Resource located in a jurisdiction favourable to uranium mining in Australia. When combined with the significant exploration potential within the known paleochannel system, there is potential to grow and ultimately realise value from Napperby as uranium becomes an increasingly important part of the global energy transition.   We plan to extend the current uranium Mineral Resource at Napperby through targeted drilling when we receive the necessary approvals. This will proceed in parallel with field investigations into potential for other minerals within the tenement which have seen minimal previous exploration.   As drilling continues at our Finniss lithium project in support of our restart studies, we will continue to progress opportunities like Napperby where we believe we can create value for Core shareholders through low cost, targeted exploration in prospective areas.”   Read the full announcement here ➡️ https://bit.ly/4e4tAhl   #CoreLithium #CXO #Exploration #Mining #EnergyTransition #Minerals #NorthernTerritory

Koba acquires high-grade Canada uranium project Koba Resources has entered into a four-year option agreement to acquire a 100% interest in the Harrier uranium project, in eastern Canada. Amid strong uranium prices, the transaction follows the company’s acquisition of the advanced Yarramba uranium project, in South Australia, in January. “Koba’s focus remains firmly on our Yarramba uranium project in South Australia, where drilling is set to commence next month. But the opportunity to acquire the extremely prospective Harrier uranium project, for minimal cost, was too good to pass up. This additional project allows us to continue to leverage on our North American uranium experience and will increase our chance of making a significant uranium discovery in the near term,” said MD and CEO Ben Vallerine. The Harrier project includes nine exciting prospects. At each of these nine prospects rock chip assay results of more than 1.0% triuranium octoxide (U3O8) have been returned, including assays up to 5.83% U3O8. Little exploration, or drilling, has been undertaken previously. “This is some of the highest-grade uranium mineralisation in the world. We know there are big deposits in this district, with the 128-million-pound Michelin project located only 50 km east of our project. So not only is there potential to discover very high-grade deposits, they could also be very large,” said Vallerine. The project is about 110 km north-west of the regional hub of Goose Bay.

Cobra Resources plc (LSE:COBR) reveals its newly acquired tenements adjacent to IsoEnergy's Yarranna Uranium Project are highly prospective for uranium ☢️💲 "As we advance the potential of ionic REE extraction via ISR at Boland, it is prudent to maximise the resource potential of our assets at minimal additional cost to the work programme" "The geological processes that are promoting uranium and REE mineralisation within the Narlaby Palaeochannel are intrinsically related and therefore can be incorporated into our exploration strategy" "The extension of Yarranna South East onto our tenement is an exciting complementary opportunity, particularly given the considerable market success of IsoEnergy over the past six months as it approaches nearly A$1 billion in valuation" "The uranium spot price is at its highest point since 2007, breaking US$100/lb, and has strong market drivers for both supply and demand that see a robust foreseeable outlook" "Cobra has acquired a valuable, scalable asset with significant upside potential. We believe we can cost effectively grow a valuable uranium asset alongside our REE exploration strategy" - Cobra Resources Chief Executive Officer Rupert Verco #LON #LSE #Investing #Mining #Uranium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au

Star Minerals to launch uranium drilling in Namibia Star Minerals is set to kick off drilling at its Cobra uranium project in Namibia which will comprise the first step of its staged earn-in to the project, estimated to contain 9 million pounds of uranium oxide. Star’s assessment of the project, which sits in the country’s highly-prospective Erongo region has generated a number of exploration targets for initial scout drilling. Namibia is virtually “Uranium Central” in Africa and is considered to be one of the choice jurisdictions for uranium exploration and mine development on the continent because of its stable political environment, well-established mining regulations and – most importantly – its giant and rich uranium deposits. https://lnkd.in/dhab2b-A

Power Metal Resources said there are signs that the cyclical downturn in the mineral resource exploration sector might be easing especially in gold and uranium where prices have risen strongly. Gold and uranium feature heavily in Power Metal’s portfolio, with assay results from the drilling programmes in Athabasca (uranium) and sampling at Tati in Botswana (gold) due shortly, Power said alongside annual results for the year to end September 2023. Assay results are also due from the North Wind lithium project while more diamond drilling is being planned for Molopo Farms (nickel) in Botswana, During the year, Power spun out and listed Golden Metal Resources with plans to do the same for a batch of uranium properties to be renamed Uranium Energy Exploration advancing, it said. Power Metal still retains a 61% stake in Golden Metal. More at #Proactive #ProactiveInvestors #PowerMetalResources #mining #gold #uranion #naturalresources http://ow.ly/WkHy105jhoH

Metal NRG PLC (LSE:MNRG) has told investors that the Parliament of #Kyrgyzstan has approved a bill lifting the ban on prospecting, exploration, and mining of uranium and thorium in the Kyrgyz Republic. The company currently owns a 9.9% stake in the Kamushanovskoye uranium deposit, with an option to increase its interest, and, it described the reopening of Kyrgyzstan as “very welcome news”. Kamushanovskoye, located in the Chuy province, was previously estimated to hold 3,371 tonnes of uranium reserves, with an in-situ value of approximately $253.1 million at historic uranium spot prices. Since that estimate, the uranium price has since increased fourfold from approximately $22/lb to around $88/lb, MetalNRG highlighted. It said the project al offers potential exploration upside estimated at 2.58 million pounds of uranium, subject to being brought into a compliant resource. More at #Proactive #ProactiveInvestors #Mining #MetalNRG #Uranium http://ow.ly/bce5105x2vv