Uranium American Resources, Inc Announces Official Ticker Symbol Change to UARI

Rhea-AI Summary

Uranium American Resources, Inc. (OTCID:TNGL), formerly Tonogold Resources, has announced its official ticker symbol change to OTCID:UARI, marking a strategic transition into the uranium and vanadium sector. The company is acquiring three historic uranium and vanadium projects in the western USA:

The portfolio includes the Stateline Project with 19 historic mines across Colorado and Utah, the Sky Project with over 150 drillholes and potential for in-situ recovery, and the Marysvale Project with historic production and approximately 2.9Mlb U3O8 in historic estimates. The assets were strategically acquired between 2017-2020 during low uranium prices.

Positive

• Strategic repositioning into the growing uranium and vanadium sector
• Portfolio of three historic uranium projects with existing infrastructure
• Comprehensive drilling datasets available for all projects
• Assets acquired at favorable prices during uranium market downturn
• Strong shareholder support for the strategic transformation

Negative

• Historic resource estimates are not NI43-101 compliant
• Projects require updating of resources and mining approvals
• Significant capital investment likely needed to restart operations

WOODLAND HILLS, CA / ACCESS Newswire / July 23, 2025 / Uranium American Resources, Inc. (formerly Tonogold Resources, Inc.) (OTCID:TNGL) is pleased to announce a significant milestone in its strategic transition, with the company officially rebranding as Uranium American Resources, Inc. The Company has officially changed its ticker symbol to OTCID:UARI effective immediately.

This rebranding marks a further advancement in the company's focus to uranium and vanadium assets, aligning with the growing demand for clean energy solutions and positioning Uranium American Resources as a key player in the U.S. nuclear energy sector.

The company is in the process of acquiring three unique low risk projects located in west central USA known for Historic Production of Uranium & Vanadium close to significant mines and operating plants.

Figure 1: Uranium American Resources Portfolio.

The land was acquired during periods of low uranium prices between 2017 and 2020, including:

• Stateline Project: A cluster of more than 19 historic high-grade vanadium and uranium mines located across Montrose County, Colorado, and San Juan County, Utah. Stateline will be the initial focus for the company to bring back into production.

• Sky Project: A uranium roll-front asset with promising in-situ recovery potential.

• Marysvale Project: A hard-rock uranium and vanadium mine with significant historic production.

The projects contain highly prospective geology, confirmed by historical mining activities and supported by comprehensive existing datasets, enabling a fast track to updating Resources and mining approvals.

Table 1: Project Drilling, Historic Mining and Historic Estimates.

Project	Drillhole Data	Historic Mines1	Historic Estimate2
Sky	>150 Drillholes	-	>1Mlb U3O8
Stateline	>30 Drillholes	19 U & V Mines	-
Marysvale	>120 Drillholes	3 U Mines	~2.9Mlb U3O8

Shareholder Support for Strategic Change
This positive transformation has received resounding support from shareholders that has been reflected in the market.

CEO William Hunter commented:
"We are pleased to announce our ticker symbol change. This marks a key development in transforming the company into a new player in the uranium and vanadium industry. We continue to advance significant discussions with strategic partners and trading entities to further enhance the company."

The company looks forward to providing further updates as it progresses these exciting acquisitions and builds a sustainable future in clean energy production.

Enquiries

For further information, please contact:

William Hunter
CEO, Uranium American Resources, Inc.
M: +1 203 856 7285
E:bhunter@uraniumamericanresources.com

¹ USGS MRDS database.

²Historic Estimates are not considered NI43-101.

SOURCE: Uranium American Resources, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the new ticker symbol for Uranium American Resources (formerly Tonogold Resources)?

The company's new ticker symbol is OTCID:UARI, changed from OTCID:TNGL, effective immediately.

What assets does Uranium American Resources (UARI) own?

UARI owns three uranium projects in the western USA: Stateline Project with 19 historic mines, Sky Project with over 150 drillholes, and Marysvale Project with historic production of ~2.9Mlb U3O8.

When did Uranium American Resources acquire its uranium projects?

The company acquired the land assets between 2017 and 2020 during periods of low uranium prices.

What is the historic production estimate for the Marysvale Project?

The Marysvale Project has a historic estimate of approximately 2.9 million pounds of U3O8, though this estimate is not NI43-101 compliant.

Who is the CEO of Uranium American Resources?

William Hunter is the CEO of Uranium American Resources, leading the company's transformation into the uranium and vanadium sector.