ASSET OVERVIEW
A comprehensive asset portfolio with maximized torque to exploration upside
>7MM Acres of Exploration Land
3.8M acres of land within the Athabasca Basin, 3.1M acres of land in Nunavut, and 268k acres in the Central Mineral Belt
CMB, Gemini, Pinnacle, Ridge, Zenith
Advanced, drill-ready targets that have been de-risked by prior geophysics or drilling, including the CMB discoveries in Labrador
Angilak Project
The Angikuni Basin hosts the Lac 50 Deposit (exploration target of 61 – 98M lbs U3O8 at 0.37% – 0.48% avg. grade U3O8)† and multiple discoveries along the 31km RIB-Nine Iron trend including Mineralized Rib Corridor (“MRC”) discovered in 2025
Upside to Major Developers
10% carried interest on key parts of NexGen and IsoEnergy land, which is actively being explored
† The stated potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource; Conclusions from a third-party updated Technical Report (with an effective date November 25, 2024) establish a baseline Exploration Target Model for the Lac 50 Deposit, ranging between 60.8 M lbs U3O8 and 98.2 M lbs U3O8, with an average grade range of 0.37% U3O8 and 0.48% U3O8; a copy of which is available on the Company’s SEDAR+ profile at www.sedarplus.ca; The QP provided ranges for potential uranium quantity and grade as a target for further exploration on the Lac 50 Deposit using the available verified diamond drillhole data, including the 2024 drill program results. The ranges were derived from conceptual vein wireframes, drill core assays, grade interpolation, and applied uncertainty ranges
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