Azincourt Energy Announces Acquisition of Interest in Nuclea Energy Inc.

Rhea-AI Summary

Azincourt Energy (OTCQB: AZURF) announced it has acquired an interest in Nuclea Energy, marking Azincourt's first direct participation in downstream nuclear technology as an extension of its uranium-focused strategy.

Nuclea is developing the Morpheus micro modular reactor (lead-cooled, enriched uranium, graphite-moderated) designed to deliver 4–50 MW of continuous, low-carbon power with inherent safety features such as passive cooling, low-pressure operation and hydrogen-free containment. Nuclea is also in discussions with Canadian Nuclear Laboratories (CNL) to license additional microreactor technologies for mining, remote communities, industrial heat and data-center applications.

News Market Reaction – AZURF

-7.86%

1 alert

-7.86% News Effect

On the day this news was published, AZURF declined 7.86%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Morpheus output range: 4–50 MW

1 metrics

Morpheus output range 4–50 MW Design capacity of Morpheus micro modular reactor

Market Reality Check

Price: $0.0483 Vol: Volume 494,489 is 1.89x t...

high vol

$0.0483 Last Close

Volume Volume 494,489 is 1.89x the 20-day average of 261,025, indicating elevated trading interest pre-news. high

Technical Price at $0.0102 is below the 200-day MA of $0.02 and 69.09% under the 52-week high.

Peers on Argus

Peers showed mixed moves, with names like BSENF up 6.44% and TCEFF down 10.26%, ...

Peers showed mixed moves, with names like BSENF up 6.44% and TCEFF down 10.26%, while AZURF fell 19.69%, pointing to stock-specific pressure rather than a uniform uranium sector move.

Historical Context

5 past events · Latest: Nov 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 26	Downstream acquisition	Positive	-7.9%	Entry into SMR/MMR technology via interest in Nuclea Energy.
Nov 19	Drill program update	Positive	+39.2%	Planned 2,000 m drill program to advance Snegamook resource.
Oct 01	Project work completion	Positive	-3.3%	Completion of initial work at Harrier Uranium Project in Labrador.
Aug 13	Program commencement	Positive	+6.5%	Start of initial work program at Harrier Uranium Project.
Jun 27	Private placement	Negative	-1.7%	Non-brokered placement to raise up to C$750,000 for drilling.

Pattern Detected

News tied to exploration and project advancement has often aligned with positive price moves, while the latest acquisition and some work-program updates saw negative reactions, indicating occasional sell-the-news behavior alongside sensitivity to financing.

Recent Company History

Over the last six months, Azincourt reported multiple milestones across its uranium portfolio and financing. Exploration updates at Harrier and Snegamook, including a 2,000 m drill program plan and confirmation of high-grade samples up to 7.48% U3O8, previously coincided with both strong gains and modest pullbacks. A June C$750,000 private placement saw a mild negative move. Today’s acquisition of an interest in Nuclea Energy extends the strategy downstream into SMR/MMR technology, adding a new dimension beyond resource-stage uranium assets.

Market Pulse Summary

The stock moved -7.9% in the session following this news. A negative reaction despite strategically ...

Analysis

The stock moved -7.9% in the session following this news. A negative reaction despite strategically expanding into SMR/MMR technology fits prior instances where good operational news preceded selling. While acquisitions historically averaged a 16.42% move, today’s Nuclea deal followed weakness, with the stock already 69.09% below its 52-week high and trading under its 200-day MA. That setup, combined with elevated volume at 1.89x average, could reflect profit-taking or positioning shifts rather than a clear verdict on the transaction itself.

Key Terms

micro modular reactor, small modular reactor, passive cooling, graphite-moderated, +2 more

6 terms

micro modular reactor technical

"development of its Morpheus micro modular reactor (MMR) - a lead-cooled..."

A micro modular reactor is a compact, factory-built nuclear power unit designed to supply a small, steady amount of electricity and heat—think of it as a scaled-down, self-contained power station you could place where a large plant wouldn’t fit. For investors it matters because these reactors promise lower upfront construction risk and steady, low-carbon revenue streams, but they also carry regulatory, licensing and long-term waste and decommissioning uncertainties that affect cost and returns.

small modular reactor technical

"developing advanced small modular reactor (SMR) and micro-modular reactor..."

A small modular reactor is a compact nuclear power plant designed to generate electricity in smaller amounts compared to traditional reactors. It can be built in factories, then transported and assembled on-site, making it quicker and often cheaper to deploy. For investors, these reactors represent a potential source of clean energy with lower upfront costs and flexible scaling, which could influence future energy markets and infrastructure investments.

passive cooling technical

"Morpheus integrates inherent safety features including passive cooling, low-pressure..."

Passive cooling is a set of design choices and materials that reduce heat buildup in buildings or equipment without using powered systems like air conditioners—things like shade, natural ventilation, reflective roofs, insulation and materials that absorb or release heat slowly. For investors it matters because passive cooling cuts energy bills, lowers maintenance and climate-related risk, can boost property value and tenant demand, and supports sustainability goals much like choosing breathable clothes and shade instead of running a fan constantly.

graphite-moderated technical

"an enriched uranium fueled, lead-cooled, graphite-moderated micro modular reactor..."

A graphite-moderated reactor is a type of nuclear reactor that uses blocks or elements of graphite to slow down fast neutrons so the chain reaction can continue steadily — think of the graphite as the engine’s governor that keeps particle speeds in the right range. For investors, this matters because the choice of moderator affects fuel options, operating behavior, safety characteristics, regulatory review, maintenance and decommissioning costs, and potential liabilities, much like choosing a different engine changes a vehicle’s fuel, upkeep and resale profile.

baseload power technical

"capable of delivering 4-50 MW of clean, baseload power."

Baseload power is the consistent, reliable electricity output that a power plant or source can provide around the clock to meet the minimum demand on the grid, similar to a factory that runs steadily to keep essential machines humming. For investors, baseload capacity matters because it tends to produce predictable revenue, supports grid stability, and reduces the risk that production will be sidelined when demand dips, making assets and contracts tied to it easier to value.

Canadian Nuclear Laboratories technical

"Nuclea is also in discussion with Canadian Nuclear Laboratories (CNL) to license..."

Canadian Nuclear Laboratories is Canada’s largest organization for nuclear science, technology and facility management, responsible for research, testing, cleanup and the handling of nuclear materials. It matters to investors because its research, contracts and regulatory work influence costs, timelines and risks across energy, clean-tech, waste-management and defense suppliers—much like a central infrastructure hub that can raise or lower operating costs and business opportunities for connected companies.

AI-generated analysis. Not financial advice.

Key Highlights

• Nuclea Energy Inc. is advancing the development of its Morpheus micro modular reactor (MMR) - a lead-cooled, enriched uranium powered, inherently safe design capable of delivering 4-50 MW of clean, baseload power.
• Nuclea is also in discussion with Canadian Nuclear Laboratories (CNL) to license two additional proven microreactor technologies.
• Nuclea's reactors can cleanly power off-grid mining sites, remote communities, and AI/data-center infrastructure where continuous power is critical.

Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Azincourt Energy Corp. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company") is pleased to announce that it has acquired an interest in Nuclea Energy Inc. ("Nuclea"), a privately held Canadian company developing advanced small modular reactor (SMR) and micro-modular reactor (MMR) technologies designed to deliver clean, reliable, and scalable energy solutions for industrial, mining, and remote applications.

This marks Azincourt Energy's first direct participation in the downstream nuclear-technology sector, representing a natural extension of its uranium-focused clean-energy strategy. The Company believes that SMR and MMR technologies will be a critical link between uranium resource development and next-generation deployment of zero-emission power.

"Nuclea is advancing one of the most promising new nuclear technologies in North America," said Alex Klenman, President and CEO of Azincourt Energy. "As global power demand accelerates, micro modular reactors can deliver the safe, scalable, and carbon-free baseload power the world urgently needs. This investment aligns perfectly with our long-term vision to participate across the full nuclear energy value chain."

Nuclea Energy: Enabling Clean Power for the Next Generation of Industry

Headquartered in Ontario, Nuclea Energy is advancing the Morpheus reactor, an enriched uranium fueled, lead-cooled, graphite-moderated micro modular reactor capable of generating 4 to 50 megawatts (MW) of clean, continuous electricity.

Built on an award-winning pre-conceptual design, Morpheus integrates inherent safety features including passive cooling, low-pressure operation, and hydrogen-free containment, eliminating key risks associated with traditional nuclear technologies.

The compact Morpheus design is engineered for off-grid and energy-intensive environments - such as mining operations, data centers, and remote communities - where clean, reliable baseload power is both technically and economically transformative.

Nuclea is also in discussions with Canadian Nuclear Laboratories (CNL) to license additional proven microreactor technologies, expanding its addressable markets in industrial heat, remote power, and community electrification.

About Azincourt Energy Corp.

Azincourt Energy Corp. is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of uranium and alternative-energy projects. The Company's primary assets are the Harrier Uranium Project in the Central Mineral Belt, Newfoundland, and the East Preston Uranium Project in the Athabasca Basin, Saskatchewan. Azincourt's strategy is to advance critical-energy materials and technologies that support the global transition to clean, reliable, low-carbon power. For more information, please visit www.azincourtenergy.com.

About Nuclea Energy Inc.

Nuclea Energy Inc. is a Canadian advanced-nuclear technology company developing micro modular reactor systems that deliver clean, safe, and continuous power to industries and communities worldwide. Its flagship Morpheus reactor is the only lead-cooled microreactor concept under development in North America. For more information, visit www.nuclea.energy.

On Behalf of the Board of Azincourt Energy Corp.

"Alex Klenman"
Alex Klenman, President & CEO

For further information, please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 - 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275993

FAQ

What did Azincourt (AZURF) announce on November 26, 2025?

Azincourt announced it acquired an interest in Nuclea Energy, its first direct move into downstream nuclear technology.

What is the capacity of Nuclea's Morpheus micro modular reactor?

Morpheus is designed to generate 4–50 MW of continuous electricity.

How is the Morpheus reactor cooled and fueled?

Morpheus is lead-cooled and enriched uranium fueled with graphite moderation.

What safety features does Nuclea highlight for Morpheus?

Key safety features include passive cooling, low-pressure operation, and hydrogen-free containment.

Which markets is Nuclea targeting with its microreactors?

Nuclea targets off-grid mining sites, remote communities, industrial heat, and AI/data-center power needs.

Is Nuclea working with Canadian Nuclear Laboratories (CNL)?

Nuclea is in discussions with CNL to license additional proven microreactor technologies.