CSE:NF
OTCQX:NFUNF
VANCOUVER, BC, June 11, 2025 /PRNewswire/ – Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) (“Nuclear Fuels” or the “Company“) broadcasts the graduation of its 2025 drilling program, with an preliminary plan for a minimum of 100,000 toes, on the Kaycee Uranium Venture (“the Project”) situated within the Powder River Basin (“PRB”) of Wyoming. The regional drilling performed in overdue 2024 effectively recognized two untouched zones of roll front-hosted uranium mineralization. Significantly, the Outpost and Path Mud Zones have been came upon right through the overdue phases of the 2024 program, and the Corporate is worked up to practice up on those promising untouched disciplines right through the 2025 drill program.
Highlights from the 2024 Regional Exploration Program (Nuclear Fuels NR January 29, 2025):
- Drill hollow LT24_050 returned 0.082% eU3O8 over 6.5 toes for a complete grade thickness (“GT”) of 0.532, starting at a downhole intensity of 767.0 toes on the Outpost Zone;
- On the Path Mud Zone, situated roughly 1.5 miles to the north of the Outpost Zone, drill hollow LT24_037 returned 0.0553% eU3O8 over 5.5 toes for a complete hollow GT of 0.304, starting at a downhole intensity of 886.0 toes;
- The 2025 exploration program is now underway on the Venture and can practice up on those effects, in addition to check alternative top precedence goals;
- This fully-funded exploration program is composed of an preliminary 100,000 toes of rotary dust drilling, with effects to be reported at a matching cadence to the 2024 drill program.
“Our 2025 drill program is designed to build on the discovery of the Outpost Zone and further test the potential of the Kaycee Project,” mentioned Greg Huffman, Prominent Govt Officer. “This new zone of roll front-hosted uranium mineralization not only validates our geological model but also highlights the potential for further discoveries within this district. As we commence our 2025 drilling campaign, our priority is to delineate the extent of the Outpost Zone and assess its potential to contribute to future resources at Kaycee. We remain committed to advancing the Kaycee Project and delivering value to our shareholders through systematic exploration and development.”
Strategic Transaction with Premier American Uranium Inc.
On June 5, 2025 the Corporate and Premier American Uranium Inc. (TSXV: PUR, OTCQB: PAUIF) introduced that they’ve entered into an arm’s dimension definitive assurance (Nuclear Fuels NR June 5, 2025), pursuant to which Premier American Uranium has correct to obtain all the issued and remarkable familiar stocks of Nuclear Fuels by means of a court-approved plan of association (the “Arrangement” or the “Transaction”). Underneath the phrases of the Association, shareholders of Nuclear Fuels will obtain 0.33 of a familiar percentage of Premier American Uranium for every Nuclear Fuels Proportion held. Current shareholders of Premier American Uranium and Nuclear Fuels will personal roughly 59% and 41% (on a modest stocks remarkable foundation), respectively, of the professional forma remarkable PUR Stocks on utmost of the Association. The Transaction would require favor through no less than 66 2/3% of the votes solid through NF Shareholders and, if required through Multilateral Software 61-101 – Coverage of Minority Safety Holders in Particular Transactions, a easy majority of the votes solid through Nuclear Fuels Shareholders except for sure or homogeneous events, in every case through shareholders found in particular person or represented through proxy at a different assembly of NF Shareholders to be referred to as in reference to the Transaction (the “NF Special Meeting”). The NF Particular Assembly is anticipated to be held within the 3rd quarter of 2025 and Terminating of the Transaction is predicted to happen within the 3rd quarter of 2025.
Kaycee Uranium Venture, Wyoming
The Kaycee Venture in Wyoming’s PRB, Nuclear Fuels’ precedence mission, is composed of 55 sq. miles of mineral rights over a 35-mile mineralized pattern website hosting 430 miles of recognized roll fronts. The Kaycee Venture is thought to be the one mission within the PRB the place all 3 identified traditionally fertile sandstone formations (Wasatch, Castle Union, and Lance) are mineralized and probably obtainable for ISR extraction. The Kaycee Venture, beneath Nuclear Fuels, represents the primary age because the early 1980’s that all of the district is managed through one corporation.
In 2023, Nuclear Fuels obtained the Kaycee Venture from enCore Power Corp., which keeps a back-in proper for 51% of the mission through paying 2.5X the exploration prices and financing the Kaycee mission to manufacturing (prices recoverable from manufacturing) upon Nuclear Fuels forming a minimal 15 million pound eU3O8 43-101 compliant useful resource.
Wyoming is a confirmed and prolific uranium manufacturer with a pro-energy executive and established regulatory regime for the allowing and extraction of uranium thru ISR era. Wyoming is among the few “Agreement States” website hosting ISR uranium deposits, the place the government and the Nuclear Regulatory Fee have ceded regulatory authority to the situation executive, allowing and advancing uranium tasks is extra environment friendly and streamlined as in comparison to maximum alternative states. Wyoming, with over 250 million kilos of historical uranium manufacturing, ranks because the situation with the second one maximum uranium manufacturing to era; maximum of which has been during the ISR era since 1990, predominantly from the PRB.
The technical content material of this information shed has been reviewed and permitted through Mark Travis, CPG., a contractor to the Corporate, and a Certified Particular person as outlined in Nationwide Software 43-101.
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration corporation advancing early-stage, district-scale In-Situ Medication (“ISR”) amenable uranium tasks in opposition to manufacturing in the US of The usa. Leveraging intensive proprietary ancient databases and deep trade experience, Nuclear Fuels is well-positioned in a sector i’m ready for important and sustained enlargement at the again of sturdy executive aid. Nuclear Fuels has consolidated the Kaycee district beneath single-company keep watch over for the primary age because the early Eighties. Lately executing its 2025 drill program following a success 2023 and 2024 drilling, the Corporate targets to enlarge on historical assets throughout a 35-mile pattern with over 430 miles of mapped roll-fronts outlined through 3,800 drill holes. The Corporate’s strategic courting with enCore Power Corp., The usa’s Blank Power Corporate™, deals a mutually really helpful “pathway to production,” with enCore proudly owning an fairness pastime and preserving the proper to back-in to 51% possession within the flagship Kaycee Venture in Wyoming’s prolific Powder River Basin.
Ahead-Having a look Knowledge
The Canadian Securities Change has now not reviewed this press shed and does now not settle for accountability for the adequacy or accuracy of this information shed.
Positive knowledge on this information shed constitutes forward-looking statements beneath acceptable securities regulations. Any statements which can be contained on this information shed that don’t seem to be statements of ancient reality could also be deemed to be forward-looking statements. Ahead-looking statements are regularly recognized through phrases reminiscent of “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the detrimental of those phrases and matching expressions. Ahead-looking statements on this information shed come with, however don’t seem to be restricted to, statements when it comes to deliberate exploration systems and the result of spare exploration paintings in looking for to determine mineral assets as outlined in NI43-101 on any of our homes. Ahead-looking statements essentially contain identified and unknown dangers, together with, with out limitation, dangers related to the finishing deliberate exploration systems and the result of the ones systems; the facility to get admission to spare capital to capitaltreasury deliberate and age operations; regulatory dangers together with exploration allowing; dangers related to name to our mineral tasks; the facility of the corporate to put in force its trade methods; and alternative dangers together with dangers contained in paperwork to be had for evaluation at www.sedar.com beneath the Corporate’s profile. Readers are cautioned to not playground undue reliance on forward-looking statements as there may also be disagree word of honour that the plans, intentions or expectancies upon which they’re positioned will happen. Such knowledge, even supposing thought to be cheap through control on the age of preparation, might end up to be unsuitable and original effects might range materially from the ones expected. Ahead-looking statements contained on this information shed are expressly certified through this cautionary observation.
SOURCE Nuclear Fuels Inc.
