Azincourt Energy Stock Price, News & Analysis

Azincourt Energy has completed its acquisition of options on the Harrier Uranium Project in the Central Mineral Belt, Labrador, Canada. The company entered into two key agreements: an Assignment and Amendment Agreement with Koba Resources for the Harrier Option, and a Staked Option Agreement for nearby mineral claims. The transaction includes updated terms for share issuances and finder's fees. For the Harrier Option, the maximum finder's fee is 2,687,500 common shares, adjusted based on share price conditions. For the Staked Option, the maximum finder's fee is 2,700,000 common shares, also subject to adjustments. The agreements include specific payment schedules and price adjustment mechanisms based on the 20-day volume weighted average closing price of shares on the TSXV.

Azincourt Energy (OTCQB: AZURF) has provided an update on its Harrier Project in Labrador's Central Mineral Belt. The 49,400-hectare project, which includes the Snegamook Uranium Deposit, is strategically positioned adjacent to significant uranium deposits including Atha Energy's Moran Lake C (9.6 Mlbs) and Anna Lake (4.9 Mlbs), and Paladin Energy's Michelin Project (127.7 Mlbs).

The project features 14 mineralized zones with high-grade uranium samples up to 7.48% U₃O₈. Historical exploration is limited to 124 drill holes, suggesting significant discovery potential. The company plans field work in 2025 and a drill program in 2026 to explore this uranium-rich corridor. Two key areas highlighted are the Moran Heights Prospect and the Boiteau Group, where recent sampling has revealed high-grade uranium occurrences.

Azincourt Energy has acquired options on the Harrier Uranium Project in Labrador's Central Mineral Belt, expanding its footprint to 49,400 hectares. The project features 12 zones of uranium mineralization, with impressive sample results up to 7.48% U3O8.

Key highlights include high-grade uranium discoveries across multiple prospects: Fish Hawk North (5.08%), Brook (4.86%), Moran Heights (7.48%), and several other promising locations. Only 89 holes totaling 9,834m have been drilled previously, suggesting significant exploration potential.

The acquisition terms involve staged payments over multiple years, including cash payments totaling $250,000, share issuances, and exploration expenditure commitments of $4 million. The project is strategically located near significant uranium resources, including Paladin Energy's Michelin Project (127.7Mlbs U3O8) and other notable deposits in this world-class uranium district.

Azincourt Energy (TSXV: AAZ, OTCQB: AZURF) welcomes the Canadian Nuclear Safety Commission's approval for Ontario Power Generation to build Canada's first small modular reactor (SMR) at the Darlington Nuclear Generation Station. The project, featuring a BWRX-300 SMR, will be the first in any G7 country.

The plan includes up to four 327-megawatt SMRs capable of powering approximately 900,000 homes with zero-emissions electricity. This development aligns with Canada's nuclear energy expansion, including Nova Scotia's recent lifting of its 45-year uranium exploration ban and federal funding of CAD$74 million for SMR development in Saskatchewan.

The International Energy Agency projects global electricity consumption to rise 4% annually to 2027. To meet net-zero emissions targets by 2050, Canada may need to build 85 SMRs according to RBC. The government has also committed up to $304 million for modernizing CANDU reactors, supporting Canada's position as the world's second-largest uranium producer.

Azincourt Energy (OTCQB: AZURF) has announced plans for exploration activities at its East Preston uranium project in Saskatchewan's Athabasca Basin. The company will conduct a geophysical program in fall 2025, including a potential radon flux survey of the K- and H-Zones, followed by a winter 2026 diamond drilling program of up to 1,500 meters across 5 holes.

The planned budget for these programs is C$1.7-2 million. The project, in which Azincourt holds an 86.5% interest, spans 21,000 hectares and features three conductive corridors with a total strike length exceeding 25 km. The exploration will focus on following up on clay alteration zones with elevated uranium identified in 2023/2024.

The East Preston project targets basement-hosted unconformity uranium deposits, similar to NexGen's Arrow deposit and Cameco's Eagle Point mine. The company has secured permits through summer 2026 and maintains active engagement with local communities, particularly the Clearwater River Dene Nation.

Azincourt Energy (OTCQB: AZURF) has secured permits for exploration at its newly acquired Snegamook Uranium Project in Newfoundland and Labrador's Central Mineral Belt. The project, comprising 17 contiguous claims over 423 hectares, is located near the historical Two Time Zone deposit.

Historical drilling revealed four mineralized uranium lenses with grades up to 0.11% U3O8, traced over 300 meters strike length and 200 meters depth. The shallow-dipping lenses vary in width from 5 to 53 meters, with values ranging from 225 to 771 ppm U3O8.

The company's 2025 work program includes:

• Site reconnaissance and historical core review
• Up to 1,000 meters of helicopter-supported diamond drilling
• Operations based from Happy Valley - Goose Bay

The program aims to confirm and expand known mineralization, with reconnaissance planned for June and drilling scheduled for late summer to early fall.

Azincourt Energy (TSXV: AAZ, OTCQB: AZURF) has completed data acquisition and compilation for its Snegamook uranium project in Newfoundland and Labrador. The project, covering 423 hectares across 17 contiguous claims, contains known uranium mineralization and is strategically located near major uranium discoveries.

Historical drilling (2006-2008) by Silver Spruce Resources revealed multiple uranium mineralization lenses over a 300-metre strike length and 200-metre vertical depth, with grades ranging from 225 to 771 ppm U3O8. Notable higher-grade zones include 0.11% U3O8 over 3m. Four mineralized lenses were identified, with widths varying from 5 to 53 meters.

The company plans to verify and expand historical mineralization through a new drill program, aiming to establish an initial resource estimate. The project is positioned less than 1 km south of the Two Time Zone and near the Michelin deposit in Labrador's Central Mineral Belt.

Azincourt Energy Corp. (TSXV: AAZ, OTC: AZURF) has announced the engagement of ICP Securities Inc. for automated market making services. The agreement, which commenced on February 18, 2024, includes the use of ICP's proprietary algorithm, ICP Premium™. The initial term is set for four months with automatic one-month renewals unless either party provides 30 days written notice.

The company will pay ICP a monthly fee of C$7,500 plus applicable taxes. The agreement contains no performance factors, stock options, or additional compensation. ICP's primary role will be to correct temporary imbalances in the supply and demand of Azincourt's shares, with ICP bearing the costs of buying and selling the company's shares.

Azincourt Energy (TSXV: AAZ, OTC: AZURF) has announced two significant marketing service agreements. The first is with Native Ads, Inc., valued at up to US$150,000 for a 24-month digital marketing campaign. The campaign will allocate 75% of the budget to CPC costs, media buying, and content distribution, with the remaining 25% dedicated to content creation and related services.

The second agreement is with Plutus Invest and Consulting GmbH, focusing on European market PR strategies and investor campaigns. This six-month contract is valued at up to €150,000, payable based on services rendered. Both agreements are subject to TSX Venture Exchange approval, and both service providers operate at arm's length from Azincourt, holding no direct or indirect interest in the company's securities.