Cosa Resources Stock Price, News & Analysis

Cosa Resources (OTCQB: COSAF) has announced significant findings from its summer drilling program at the Murphy Lake North Uranium Project in Saskatchewan's eastern Athabasca Basin. The company has identified a two-kilometer stretch of strong sandstone alteration and graphitic faulting at the Cyclone Trend.

The drilling program, totaling 3,323 metres across eight holes, revealed highly prospective geology for eastern Athabasca-style uranium deposits. Key findings include up to 30 metres of unconformity relief and significant basement structures. Cosa has successfully met its sole-fund obligation and now owns an irrevocable 70% interest in the project, with Denison Mines holding the remaining 30%.

The company plans to conduct follow-up drilling in early 2026, with drilling equipment remaining on-site to minimize future operational costs.

Cosa Resources (OTCQB: COSAF) has initiated a 3,000-metre summer drilling program at the Murphy Lake North Uranium Project in Saskatchewan's eastern Athabasca Basin. The project is a joint venture with Denison Mines, where Cosa holds a 70% interest and operates the project, while Denison maintains a 30% stake.

The drilling program, the largest to date for the project, will include up to eight drill holes targeting the Hurricane and Cyclone trends. The program follows up on significant sandstone alteration discovered during winter drilling at the Hurricane trend. The project is strategically located 2.7 kilometers east of the Hurricane deposit, which is notably the world's highest-grade Indicated Uranium Resource.

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.