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Skeleton Coast Uranium Corp. reports news centered on its Namibian uranium exploration portfolio, including technical work on its five Erongo Region Exclusive Prospecting Licences. Company updates cover NI 43-101 technical reports, historical data compilation, uranium target identification, and licence positioning near established uranium mining districts in Namibia.
News for GLIIF also includes public-company matters tied to the former Glacier Lake Resources issuer, including the completed name change to Skeleton Coast Uranium Corp., share consolidation, exchange symbols, shareholder voting matters, capital-structure disclosures, and governance matters.
Skeleton Coast Uranium (OTC: GLIIF) reported completion of the first phase of digitisation of historical exploration data for Namibian EPLs 8617, 8208 and 9727, carried out by Practara. The work integrates geological mapping, geophysics, radiometrics and geochemistry to define preliminary conceptual targets for basement- and palaeochannel/calcrete-hosted uranium.
According to the company, these datasets underpin targeting for 2026-2027 exploration programs, alongside NI 43-101 technical reports on the three EPLs filed in July 2026. Skeleton Coast Uranium holds options to acquire 70–75% interests in five EPLs totaling 610 km² in Namibia’s Erongo Region and must incur CAD$5 million in exploration expenditures by June 2028. The company also engaged HAG Global for one-time investor relations services for EUR 20,000, funded from previously raised capital.
Skeleton Coast Uranium (OTC: GLIIF) has filed three NI 43-101 technical reports on its Namibia Exclusive Prospecting Licences 8208, 9727 and 8617 in the uranium-rich Erongo Region. The reports, effective April 22, 2026, provide independent assessments of geology, tenure, exploration maturity and conceptual uranium prospectivity, highlighting dual targets for primary leucogranite-associated and secondary calcrete-hosted palaeochannel mineralisation.
The company is executing two-phase, decision-gated exploration programs on each EPL, with total estimated Phase 1–2 budgets of US$975,000–US$1,575,000. Option and joint venture agreements with Pointe Noire Investments and Profile Energy require aggregate exploration and related expenditures of CAD$5 million by June 2028 to earn controlling interests of up to 70–75% across five EPLs, all with Environmental Clearance Certificates in place for exploration and drilling.
Skeleton Coast Uranium (OTC: GLIIF) appointed Practara to prepare NI 43-101 Technical Reports for its five Exclusive Prospecting Licences (EPLs) in Namibia, covering ~61,000 hectares (610 km2). Practara is digitising historical data and expects final reports for EPLs 8208, 8617 and 9727 within weeks, with work ongoing on EPLs 9872 and 9873.
Preliminary targets include basement alaskite-hosted uranium and secondary palaeochannel/calcrete-hosted uranium; historical unverified assays up to 260 g/t U3O8 are reported for localised zones.
Skeleton Coast Uranium (OTC: GLIIF) closed a non-brokered private placement raising $5.0 million through issuance of 37,037,037 units at $0.135 per unit, each with one share and one-half warrant (exercise $0.20 until April 10, 2028).
Proceeds will fund the 2026 exploration programme on five Exclusive Prospecting Licences in Namibia's Erongo Region, including radiometric surveys and up to 4,000 metres of RC drilling; the EPLs cover over 610 km2 near major uranium mines.
Glacier Lake (OTC: GLIIF) will change its name to Skeleton Coast Uranium Corp. and consolidate common shares on a 1-for-2.4 basis effective at the close of business March 4, 2026. Trading will commence under ticker SKEL at market open March 5, 2026.
The company currently has 25,447,554 shares outstanding; post-Consolidation it expects approximately 10,603,147 shares outstanding. No cash will be paid for fractional shares; fractional entitlements will be rounded to the nearest whole share. Registered holders will receive transmittal instructions from Computershare.
Glacier Lake Resources (OTC: GLIIF) announced a share consolidation on a 1-for-2.4 basis, reducing issued common shares from 25,447,554 to approximately 10,603,147 post-Consolidation. Fractional shares will be rounded to the nearest whole share. The company also disclosed a planned Name Change to Skeleton Coast Uranium Corp. Completion of the Consolidation and Name Change is subject to TSX Venture Exchange approval and an effective date to be announced by the company.