Ross McElroy Steps down from Homeland Board
Rhea-AI Summary
Homeland Uranium (OTCQB: HLUCF) announced that Ross McElroy resigned from the board effective October 15, 2025 to focus on his duties at Apollo Silver. The company expanded its Coyote Basin Project by staking 36 new unpatented mining claims, bringing the total to 839 claims plus three Colorado exploration permits covering approximately 18,656 acres (7,450 ha). The new claims target areas down-dip or along strike of uranium mineralization identified in June 2025 mapping and historical 1980 reports. Homeland reports a contractor delay and now expects drilling to begin on or around November 1, 2025.
Positive
- Property expanded to 839 unpatented claims
- Total area increased to 18,656 acres
- New claims target down-dip/along-strike uranium occurrences
Negative
- Board loses a technical director with uranium experience
- Drill mobilization delayed ~two weeks; program now ~Nov 1, 2025
News Market Reaction 1 Alert
On the day this news was published, HLUCF declined 0.46%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Homeland Expands Coyote Basin Uranium Project by Staking, Drilling to Commence around November 1st
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) ("Homeland" or the "Company") announced that Mr. Ross McElroy has resigned from the Board of Directors effective October 15, 2025 in part to allow him to focus fully on his core duties as CEO, President and Director of Apollo Silver.
"I would like to thank Ross for his invaluable contributions to the formation of Homeland Uranium Corp. helping the Company navigate through two cornerstone uranium project acquisitions in Colorado. Ross' vast technical and leadership experience in the uranium exploration and development industry has provided Homeland with key insights during our brief history. On behalf of the Homeland Team and the Company's shareholders, I would like to wish Ross the very best of success in the future," stated Eugene McBurney, Chair of the Homeland Board of Directors.
Homeland Expands Coyote Basin by Staking
The Company is also pleased to announce that it has expanded the Coyote Basin Project (the "Project") through the additional staking of 36 new unpatented mining claims on US Bureau of Land Management ("BLM") administered lands. These 36 mining claims were staked to cover gaps between present between the previous boundary of the Project and privately-owned surface and mineral rights lands (see Figure 2). The addition of these claims expands the Property to a total of 839 unpatented mining claims and three Colorado state exploration permits covering an area of approximately 18,656 acres (7,450 ha). The new claims overlie land projected to be down-dip or along strike of uranium mineralization identified on surface during the Company's June 2025 mapping and prospecting program (see Homeland's news release dated August 18, 2025 also available on the Company's profile on SEDARplus.ca) or outlined in historical exploration reports from 1980 by Western Mining, a previous explorer of the property (from private internal report, Western Mining, Executive Summary, Coyote Basin Uranium District, Rio Blanco and Moffat Counties, State of Colorado, January, 1980).
Contractor Mobilization to Coyote Basin
The Company has been informed by the drill contractor selected for the upcoming exploration program at Coyote Basin that they will be unable to mobilize to the property for two weeks due to necessary equipment maintenance and needed crew rest. Homeland anticipates that the drill program will now commence on or around November 1st.
About Homeland Uranium Corp.
Homeland is a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is the
Qualified Person
Roger Lemaitre, P.Eng., P.Geo., the Company's President and CEO, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical content of this news release.
For further information, please contact:
Roger Lemaitre
President & Chief Executive Officer
Homeland Uranium Corp.
Tel: 306-713-1401
Email: info@homeland-uranium.com
Investor Relations
Kin Communications Inc.
Tel: 604-684-6730
Email: HLU@kincommunications.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Figure 1 - Location of Homeland Uranium's Northern Colorado Plateau Uranium Properties
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/270664_62d34513f4344b5b_002full.jpg
Figure 2 - Location of the 36 new mining claims staked at the Coyote Basin Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/270664_62d34513f4344b5b_003full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270664
FAQ
What did Homeland Uranium (HLUCF) announce on October 16, 2025 about Coyote Basin?
When will Homeland's Coyote Basin drill program start after the October 16, 2025 update?
Why did Ross McElroy resign from Homeland's board on October 15, 2025 and does it affect HLUCF operations?
How much land does Homeland control at Coyote Basin after the October 16, 2025 staking?
Do the new Coyote Basin claims target known uranium mineralization for HLUCF?
