Cosa Resources Stock Price, News & Analysis

Cosa Resources (TSXV: COSA, OTCQB: COSAF) held its Annual General and Special Meeting on June 18th, 2025, with 31.04% of shareholders (27,589,121 shares) participating. Shareholders approved all proposed matters including reappointing D&H Group LLP as auditors (98.82% approval), setting seven directors (99.72% approval), and ratifying the Stock Option Plan (99.44% approval). All seven director nominees were successfully elected with over 97% approval rates. Additionally, the Company granted 1,735,000 incentive stock options to directors, officers, employees and advisors, with a two-year vesting period, $0.225 exercise price, and 5-year validity period.

Cosa Resources Corp. (COSAF) has announced a significant 3,000-metre summer drilling program at the Murphy Lake North uranium project in Saskatchewan's eastern Athabasca Basin. The program will target the Hurricane and Cyclone trends, with Cosa operating the project under a joint venture with Denison Mines (70% Cosa, 30% Denison). The drilling plan includes 7-8 drill holes, following up on promising sandstone alteration discovered during winter 2025. The Hurricane trend drilling will explore previously identified sandstone alteration, while the Cyclone trend drilling aims to evaluate over 5 kilometers of untested conductive strike. Additionally, Cosa provided updates on its Darby project, located near Cameco's Cigar Lake mine, where the company is relogging historical core to develop targets for a planned winter 2026 drilling program.

Cosa Resources Corp (COSAF) has initiated airborne geophysical surveys at its wholly-owned Cosmo and Orion uranium projects in Saskatchewan's Athabasca Basin. The company has contracted Geotech Limited to conduct 618 line-kilometers of surveying using their proprietary Z-Axis Tipper Electromagnetic (ZTEM) system. The survey aims to identify conductive basement stratigraphy, particularly potential extensions of the Bell Lake structural corridor and Larocque Lake Trend. Condor Consulting Inc. will interpret the survey results, focusing on identifying basement conductive zones typical of tier-1 Athabasca uranium deposits and potential hydrothermal alteration zones. Follow-up work may include Ambient Noise Tomography and ground-based electromagnetic surveys, with promising areas being prioritized for future drill testing.

Cosa Resources (OTCQB: COSAF) has reported results from ambient noise tomography (ANT) surveys at its Ursa and Orion uranium projects in Saskatchewan's Athabasca Basin. The surveys identified significant target areas characterized by kilometer-scale ANT velocity anomalies. At Ursa, two high-priority targets (U1 and U2) were identified along the 27-kilometer Kodiak trend, with initial drilling at U1 intersecting over 100 meters of continuous sandstone alteration and weak uranium mineralization. At Orion, three priority targets (O1, O2, and O3) were identified, each showing promising structural characteristics and measuring approximately 1.6-1.8 kilometers in length.

The company plans to conduct ground EM surveying at Ursa and reinterpret historical electromagnetic surveys at Orion before finalizing drill targets. Cosa's immediate focus will be on an expanded summer drill program at the Murphy Lake North Joint Venture, following encouraging results from winter 2025.

Cosa Resources has initiated airborne geophysical surveying at its Astro uranium project in Saskatchewan's Athabasca Basin. The survey, conducted by Geotech using their exclusive ZTEM system, is fully funded by partner Global Uranium under an agreement that allows Global to earn up to 80% interest in the project.

The comprehensive survey will cover over 1,460 line-kilometres of the 45,000-hectare property, which is strategically located within 30km of Cameco's McArthur River uranium Mine and 10km of CanAlaska's Pike Zone discovery. The ZTEM system will map conductive trends, potential hydrothermal alteration zones, and regional structures potentially related to nearby uranium deposits.

Following the survey, Condor Consulting will perform detailed interpretation of results, guiding future exploration work including Ambient Noise Tomography and ground-based electromagnetic surveys through 2025-2026. The most promising areas identified will be prioritized for drill testing in a phased exploration program.

Cosa Resources (COSAF) has entered into an option agreement with Global Uranium, allowing the latter to earn up to an 80% interest in Cosa's Astro uranium project. The agreement, effective April 8, 2025, involves total consideration and expenditure commitments exceeding C$10 million, with Cosa serving as the initial Project operator.

The Astro Project spans over 45,000 hectares in the eastern Athabasca basin, strategically located within 30 kilometers of Cameco's McArthur River uranium Mine and 10 kilometers from CanAlaska's Pike Zone discovery. The property features over 40 kilometers of unexplored magnetic low strike and multiple conductive trends, which have never been explored for extensions of structures related to the McArthur River and Fox Lake uranium deposits.

Cosa Resources Corp. (COSAF) has announced successful results from its inaugural drilling program at the Murphy Lake North Uranium Project in Saskatchewan's eastern Athabasca Basin. The program confirmed a 2-kilometer extension of the Hurricane deposit's geology. The project is a joint venture with Cosa holding 70% interest and Denison Mines holding 30%.

The final drill hole, MLN25-004, intersected a significant sandstone-hosted alteration zone, though overshooting the optimal target by 25 meters. The zone remains open along strike in both directions. The winter program completed four holes totaling 1,739 metres, successfully locating graphitic basement rocks and structures interpreted as the Hurricane deposit extension.

The company, having recently closed a C$6 million oversubscribed private placement, is fully funded for future exploration. Plans are being developed for a summer drill program, with drilling equipment remaining on-site to ensure cost-efficient follow-up operations.

Cosa Resources Corp (TSXV: COSA) (OTCQB: COSAF) has announced its participation in Red Cloud's 13th Annual Pre-PDAC Mining Showcase, taking place in-person at The Omni King Edward Hotel in Toronto on February 27 & 28, 2025.

Keith Bodnarchuk, President and CEO of Cosa Resources, will be presenting on February 28th at 11:40 AM Eastern Standard time. The conference will feature presentations from over 80 companies and facilitate more than 600 one-on-one meetings, along with exclusive keynote speeches from influential leaders in mining and finance.

This event offers networking opportunities and industry insights for shareholders and interested parties. Registration information is available on Red Cloud's website.

Cosa Resources Corp. (COSAF) has initiated core drilling at the Murphy Lake North (MLN) Uranium Project in Saskatchewan's eastern Athabasca Basin. The project is a joint venture with Denison Mines, where Cosa holds a 70% interest and serves as the operator. This marks the first drilling campaign at MLN since 2005, targeting areas near the Hurricane deposit.

The drilling program focuses on two main objectives: exploring the interpreted extension of the Hurricane deposit basement geology and evaluating a parallel trend with historical uranium mineralization intersections. The project's location is strategic, being just 2.7 kilometers east of the Hurricane deposit, which is recognized as the world's highest-grade Indicated Uranium Resource.

MLN features approximately six kilometers of conductive strike length, with unconformity depths ranging from 170 to 250 metres. Cosa is solely funding this drill program as part of its commitment to fund $1.5 million in exploration expenditures by December 31st, 2027.