Cosa Resources Stock Price, News & Analysis

Cosa Resources Corp (TSX-V: COSA) has received conditional approval from the TSX Venture Exchange for its planned acquisition of a 70% interest in uranium projects from Denison Mines Corp. Trading of Cosa's common shares will resume on December 2, 2024, following a halt since November 26, 2024. The transaction is expected to complete by early 2025.

Cosa Resources Corp. (COSAF) has entered into an agreement with Denison Mines to acquire a 70% interest in three uranium exploration projects in the Eastern Athabasca Basin. The projects include Murphy Lake North, Darby, and Packrat. As part of the deal, Denison will become a 19.95% shareholder of Cosa and commits to a minimum C$1,000,000 participation in future equity financings. Cosa will issue 14,195,506 common shares and C$2,250,000 in deferred consideration shares within five years. The company must fund C$1,500,000 in exploration at Murphy Lake North by 2027 and C$5,000,000 at Darby by 2029. The transaction is expected to close by early 2025.

Cosa Resources has announced significant findings from its uranium exploration at the Ursa Project in Saskatchewan's Athabasca Basin. Drill hole UR24-06 intersected multiple zones of basement-hosted radioactivity exceeding 1,000 counts per second, with a peak of 2,700 cps. The company completed three drill holes totaling 3,423 metres, with the most promising results coming from UR24-06, which showed features consistent with eastern Athabasca unconformity style uranium deposits. The drilling program validated the effectiveness of Ambient Noise Tomography (ANT) for target prioritization, and multiple additional target areas have been identified.

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has commenced diamond drilling at its 100% owned Ursa uranium Project in Saskatchewan's Athabasca Basin. The program aims to drill up to 4,000 meters, focusing on the Kodiak and Grizzly target areas. At Kodiak, drilling will follow up on promising results from the winter program, particularly drill hole UR24-03, which intersected significant alteration and anomalous uranium levels. The Grizzly area has been upgraded based on historical drill results showing strong geochemical anomalies. The company also plans to test targets identified by Ambient Noise Tomography (ANT) surveying, covering 27 kilometers of conductive trend. Cosa remains fully funded for exploration into 2025.

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has announced the mobilization of drill crews to its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan. The company plans up to 4,000 metres of drilling in its second diamond drilling campaign at Ursa. Key points include:

- Targeting follow-up on sandstone-hosted alteration and structure with associated anomalous uranium geochemistry
- Anticipated receipt of preliminary geophysical models across multiple projects
- Drilling expected to commence shortly and continue into October
- Results of Ambient Noise Tomography (ANT) surveys at Ursa and Orion projects expected in early September
- Geophysical interpretations from airborne VTEM and gravity surveys at Aurora and Orbit expected in coming weeks

The company aims to update stakeholders with detailed plans in the coming days and remains committed to discovering the next tier-1 uranium deposit in the Athabasca Basin.

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has completed the expansion of its Orbit uranium Property in the Athabasca Basin, Saskatchewan. The acquisition adds 6,049 hectares, doubling Orbit's footprint to 12,718 hectares. This expansion increases Cosa's control of undrilled strike length to eight kilometres, located on trend with uranium mineralization. The Orbit Project is situated 19 kilometres south of the Athabasca Basin and 22 kilometres south of the Key Lake Mill. Despite the area's historical uranium production, Orbit has seen little modern exploration. Cosa aims to complete initial drill testing at the Orbit Project in 2025.

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has entered an agreement to expand its Orbit Uranium Project in Saskatchewan's Athabasca Basin. The acquisition includes two mineral claims totaling 6,049 hectares, doubling the project's footprint to 12,718 hectares. This expansion increases Cosa's control of untested strike length to eight kilometres, located on trend with uranium mineralization and favorable geological features.

The expanded Orbit Project is situated 19 km south of the Athabasca Basin and 22 km south of the Key Lake Mill. Despite the area's proximity to significant historical uranium production, it has seen little modern exploration. Cosa aims to complete initial drill testing at the Orbit Project in 2025. The acquisition will be completed through the issuance of 250,000 common shares to Skyharbour Resources , subject to TSXV approval.

Cosa Resources has completed ground and airborne geophysical surveys at its Ursa, Orion, Astro, and Orbit uranium projects in the Athabasca region. These surveys are a important step in identifying promising drill targets. The surveys include Ambient Noise Tomography (ANT) at Ursa and Orion, and airborne EM and gravity surveys at Aurora and Orbit.

The ANT survey at Ursa used 746 nodes over 27 kilometers, focusing on conductive zones that showed significant alteration. At Orion, 184 nodes were deployed to cover key conductive anomalies identified in 2023. The airborne surveys at Aurora and Orbit aimed to map basement-hosted conductive features and gravity anomalies, which will guide 2025 exploration efforts. The company has also granted 1,179,000 stock options to its directors, officers, employees, and advisors, set to vest over three years with an exercise price of $0.305 per share.

These developments are fully funded by a $6.5 million financing completed earlier this year, positioning Cosa well for upcoming drilling programs.

Cosa Resources Corp. (TSXV: COSA, OTCQB: COSAF, FSE: SSKU) announced the voting results from its Annual General and Special Meeting of Shareholders held on June 12, 2024.

Shareholders approved all matters, including the reappointment of D&H Group LLP as auditors (99.98% in favor), setting the number of directors at five (99.95% in favor), and ratifying the Stock Option Plan (98.77% in favor).

A total of 14,602,734 common shares (25.75% of outstanding shares) were voted.

Directors elected were Steve Blower (99.87% in favor), Keith Bodnarchuk (99.01% in favor), Janine Richardson (99.87% in favor), Wes Short (99.82% in favor), and Ted Trueman (99.86% in favor).