Greenridge Exploration Inc Stock Price, News & Analysis

Greenridge Exploration (OTCQB:GXPLF) has announced the start of a new exploration program at its Hook-Carter Uranium Project in Saskatchewan's Athabasca Basin. The project, which is 80% owned by Denison Mines and 20% by Greenridge, covers 25,115 hectares across eleven claims.

The program includes a moving loop time-domain electromagnetic (MLTDEM) ground geophysical survey to identify new drill targets along the Patterson Lake Corridor. The property is strategically located near several significant uranium deposits, including NexGen Energy's Arrow deposit and Paladin Energy's Triple R deposit.

Greenridge Exploration (GXPLF) has contracted Axiom Exploration Group to conduct a helicopter-borne time-domain electromagnetic (HTDEM) survey at its McKenzie Lake Uranium Project in Saskatchewan. The project, comprising 5 mineral claims covering 6,916 hectares, is located 55 kilometers southeast of the McArthur River Uranium Mine near the Athabasca Basin. The survey will utilize Axiom's proprietary Xcite™ HTDEM system, capable of detecting conductive zones hundreds of meters deep. The planned survey will cover 403 line-kilometers at 200-metre line spacing, marking the first deep-penetrating electromagnetic survey of the area in modern uranium exploration. The survey aims to identify previously unknown conductive structural corridors that could potentially host uranium mineralization.

Greenridge Exploration (GXPLF) has engaged Convolutions Geoscience to conduct a comprehensive geophysical and geological data review for its Sabre Uranium Project in Saskatchewan's Athabasca Basin. The review aims to create a 3D subsurface model to identify potential uranium deposits and develop new drill targets. Convolutions will integrate data from multiple historical surveys conducted between 2005-2023, including recent MobileMT airborne survey results from April 2025. The company will utilize data from CMIC's Footprints Basinal U Subproject and Saskatchewan's Athabasca Basin 3D Model 2.0. The Project is permitted for surface exploration until November 2027, including authorization for up to 10 drill holes. The data review is expected to be completed in Q2 2025.

Greenridge Exploration (GXPLF) has expanded its uranium portfolio by acquiring the Raven Uranium Project in Saskatchewan's Athabasca Basin region through strategic staking. The project consists of four mineral claims covering 6,269 hectares, positioned approximately 65 kilometers southeast of Cameco's McArthur River Uranium Mine. The newly acquired claims are adjacent to an existing Greenridge claim in the area. Notably, the company owns 100% of the Raven claims with no underlying royalties, making it a cost-effective addition to their portfolio. The property's location near the eastern margin of the Athabasca Basin, a region known for significant uranium deposits, positions Greenridge strategically in one of the world's premier uranium mining districts.

Greenridge Exploration (GXPLF) has announced its 2025 exploration plans for the Blackbird Project in northern Saskatchewan, Canada. The company will conduct a helicopter-borne time domain electromagnetic (TDEM) survey followed by prospecting and mapping activities. The Blackbird Property is located approximately 70 km north of LaRonge, Saskatchewan, in an emerging metallogenic district near the historic Rottenstone Mine.

The announcement follows recent significant discoveries in the region, including Ramp Metals' high-grade gold discovery at their Rottenstone SW project, which yielded 73.55 g/t gold over 7.5 metres, and subsequent massive sulphides intersections with copper and zinc mineralization. CEO Russell Starr emphasized the area's high prospectivity and the company's plans to leverage modern exploration tools in this underexplored district.

Greenridge Exploration has completed a major geophysical survey at its Sabre Uranium Project in Saskatchewan's Athabasca Basin. The helicopter-borne MobileMT survey covered 1,536 line-kilometres at 200-metre spacing across 232 square kilometres.

The survey aims to map underground magnetic signatures and detect conductive zones that could host uranium deposits. To strengthen exploration efforts, Greenridge plans to compile historical geophysical data, including surveys from 2005-2023 conducted by various companies.

The Sabre Property maintains uranium exploration permits valid until November 30, 2027, covering activities like prospecting, geophysical surveys, and drilling. The company is actively engaging with local Northern Athabasca communities to build beneficial relationships.

Greenridge Exploration has announced the initiation of a significant geophysical survey at its Sabre Uranium Project in Saskatchewan's Athabasca Basin. The company has engaged Expert Geophysics Surveys to conduct a helicopter-borne Mobile MagnetoTellurics System (MobileMT) survey.

The comprehensive survey will cover 1,536-line kilometres at 200-metre line spacing across a 232 square kilometre area. Its primary objective is to map sub-surface magnetic signatures and identify conductive zones that could potentially host uranium mineralization within the Athabasca Basin margin.

The project timeline includes fuel mobilization in March 2025, utilizing the existing winter service road from Stony Rapids, with the MobileMT survey scheduled to commence in Spring 2025. The Sabre Property maintains uranium exploration permits valid until November 30, 2027, covering activities such as prospecting, geophysical surveys, and drilling.

Greenridge Exploration has announced significant uranium findings from its 2024 Work Program at the Nut Lake Project in Nunavut, Canada. The project, covering 5,853 hectares, yielded exceptional uranium grades across multiple zones:

- Tundra Showing: Peak sample of 31.13% U3O8 with an average of 14.56% U3O8 across six samples
- Tayson Zone: Newly discovered area with samples averaging 2.87% U3O8
- 431 Dyke Swarm: Average of 0.29% U3O8 with highest result of 1.36% U3O8
- 448 Anomaly: Average of 0.57% U3O8 with peak sample at 3.97% U3O8
- Lakeshore Showing: Notable silver content up to 3,300 ppm

Out of 182 total samples collected, 37 returned values exceeding 0.1% U3O8, with 26 from outcrop/subcrop and 11 from boulders/float. The company plans to conduct further evaluation and extensive drilling programs.

Greenridge Exploration (GXPLF) has signed an Exploration Agreement with Ya'thi Néné Land and Resource Office (YNLR) for the Gibbons Creek Uranium Project in Saskatchewan's Athabasca Basin region. The agreement, originally executed in Q4 2024 between YNLR and ALX Resources Corp, was transferred to Greenridge following its acquisition of ALX in December 2024.

The partnership establishes a framework for responsible exploration that prioritizes cultural preservation, environmental protection, and community engagement. Key elements include support for local employment, training, business development, and contributions to YNLR's community trust. The agreement also implements mechanisms for environmental monitoring through YNLR's Community Land Technicians.

YNLR represents the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, along with several northern settlements in the region. The collaboration ensures mineral exploration in Nuhenéné respects Indigenous rights while creating sustainable economic opportunities for local communities.