Welcome to our dedicated page for Purepointuranium news (Ticker: PTUUF), a resource for investors and traders seeking the latest updates and insights on Purepointuranium stock.
Purepoint Uranium Group Inc. reports on uranium exploration programs across a portfolio of Athabasca Basin projects in Canada. Its recurring updates cover drilling, geophysical surveys, structural modelling, and target generation at projects such as Dorado, Nova, Celeste East, Russell South, and the 100%-owned Tabbernor Project.
Company news also includes joint venture activity with IsoEnergy, operated projects involving partners such as Cameco and Orano Canada, and corporate equity-incentive grants under its omnibus compensation plan. Additional updates reference a VHMS project optioned near Foran Corporation's McIlvenna Bay project.
Purepoint Uranium (OTCQB: PTUUF) and IsoEnergy announced significant uranium discoveries at their 50/50 joint venture Dorado Project in Saskatchewan's Athabasca Basin. The highlight comes from drill hole PG25-07A, which yielded exceptional results of 2.1 metres grading 1.6% U₃O₈, including 0.4 metres at 8.1% U₃O₈ and an additional 4.9 metres at 0.52% U₃O₈ at the Nova discovery zone.
The companies completed 5,030 metres across 11 holes before wildfires forced an early end to the planned 5,400-metre summer drill program. Additional drilling at Serin and Turaco targets provided valuable geophysical calibration data. Follow-up programs are planned for early 2026, pending final assays and interpretations.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium reported significant uranium mineralization from initial assays at their joint venture Dorado project's Nova Discovery in Saskatchewan's Athabasca Basin. Drill hole PG25-05 yielded 2.2% U₃O₈ over 1.0 metre, including an impressive 5.4% U₃O₈ over 0.3 metres, while PG25-04 returned 1.0% U₃O₈ over 0.6 metres.
The discovery confirmed high-grade uranium in a steeply dipping, brittle basement fault that remains open to the northeast. Notably, assays from PG25-07, which recorded the strongest radioactivity readings to date (peaking at 110,800 CPS), are still pending. The companies plan follow-up drilling to extend the mineralized trend northeast during winter when frozen ground enables land-based access.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium reported significant drilling results from their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. The latest drill hole, PG25-07A, extended the "Nova Discovery" mineralization by 70 metres northeast, delivering the strongest intercept to date with an average of 11,100 CPS over 14.0 metres and a peak reading of 110,800 CPS.
The mineralization remains open to the northeast, with increasing radioactivity noted. Due to wet marsh conditions, further drilling is postponed until winter. The drill rig has been moved to the Turaco target, 8 km northeast of Q48, where up to four holes are planned as part of the 5,400-metre drill program for 2025.
IsoEnergy (NYSE: ISOU) and Purepoint Uranium (OTCQB: PTUUF) have reported significant drilling results from their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. The latest drill hole, PG25-07A, extended the "Nova Discovery" at the Q48 target by 70 metres northeast, revealing strong uranium mineralization averaging 11,100 CPS over 14.0 metres, with a peak reading of 110,800 CPS.
The mineralization remains open to the northeast, where radioactivity is increasing, but drilling has been temporarily paused due to wet marsh conditions. The joint venture partners have approved a 5,400-metre drill program for 2025, with operations now moving to the Turaco target, located 8 km northeast of Q48, where up to four holes are planned.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium have announced a significant uranium discovery at their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. Initial drilling at the Q48 target revealed promising results with downhole gamma probe readings up to 79,800 counts per second (CPS).
Two drillholes, PG25-04 and PG25-05, intercepted uranium mineralization at depths of 60 and 20 meters below the unconformity. PG25-04 showed radioactivity readings averaging 11,050 cps over 3.7 metres, while PG25-05 recorded 27,750 cps over 2.3 metres. The mineralization was found within strongly clay-altered basement rocks, indicating an active uranium-bearing hydrothermal system.
The company plans to complete approximately 5,400 metres in 18 drill holes for the Project in 2025, with a third follow-up hole currently underway to track the mineralized structure along the Q48 conductive corridor.
IsoEnergy (NYSE: ISOU) and Purepoint Uranium (OTCQB: PTUUF) have announced a significant uranium discovery at their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. Initial drilling at the Q48 target has intersected uranium mineralization in two holes, with impressive downhole gamma probe readings reaching up to 79,800 counts per second (CPS).
The discovery includes drillholes PG25-04 and PG25-05, which intercepted a steeply dipping, north-south trending mineralized structure at depths of 60 and 20 meters below the unconformity. PG25-04 showed radioactivity readings averaging 11,050 cps over 3.7 metres, while PG25-05 recorded 27,750 cps over 2.3 metres. The mineralization is hosted within strongly clay-altered basement rocks, indicating a uranium-bearing hydrothermal system.
The company plans to complete approximately 5,400 metres in 18 drill holes for the Project in 2025, with a third follow-up hole currently underway to track the mineralized structure along the Q48 conductive corridor.
Purepoint Uranium Group (OTCQB: PTUUF) shareholders have approved an amendment to the company's Omnibus Equity Incentive Compensation Plan at their annual meeting on May 28, 2025. The amendment increases the number of common shares reserved for restricted share units (RSUs) and performance share units (PSUs) from 3,688,894 to 6,426,776 shares, representing 10% of the company's outstanding shares. The amended plan includes a 10% "rolling" option plan and a fixed plan for RSUs and PSUs allocation.
Purepoint Uranium has released its Q2 2025 exploration update, highlighting significant progress across multiple uranium projects in Canada's Athabasca Basin.
Key developments include:
- Smart Lake JV with Cameco: Currently drilling 4 holes totaling 1,400 metres, targeting conductors in the Groomes Lake corridor
- Dorado JV with IsoEnergy: Planned 6,100-metre drilling program across 17 holes, testing graphitic conductors around a central granitic dome
- Aurora JV with IsoEnergy: Airborne survey at Collins Bay Extension deferred to summer 2025
- Celeste JV with IsoEnergy: Permits secured for Block East region, with initial drilling planned for late Q3
- Denare West with Foran Mining: VTEM Max survey completed, identifying conductive anomalies near McIlvenna Bay deposit under $19M option agreement
- Tabbernor Project: Defined three priority zones through FALCON gravity survey, with 2025 exploration permits received
The company continues to advance its uranium portfolio through strategic partnerships and systematic exploration programs.
Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) has initiated its first-pass drill program at the Smart Lake Joint Venture project in Saskatchewan's Athabasca Basin. The program includes 4 diamond drill holes totaling 1,400 metres, targeting the Groomes Lake Conductive Corridor.
The project, a joint venture between Cameco (73%) and Purepoint (27%), is located 60 km south of the former Cluff Lake uranium mine. The 2024 ground electromagnetic survey identified three discrete, parallel EM conductors extending over 2.2 kilometers, positioned approximately 100 metres apart within a magnetic low response.
Previous drilling at Smart Lake showed promising results, with drill hole SMT08-05 returning 147 ppm U over 15.4 metres from a hematite breccia and faulted sheared zone. The conductors continue westward onto NexGen's neighbouring SW1 Project for an additional 2 kilometres, presenting potential for an 'Arrow'-style discovery.