Urano Energy Expands I-70 Uranium Project Through Strategic Acquisition from enCore Energy Corp.
Urano Energy (OTCQB: UECXF) announced on October 27, 2025 the acquisition of the past-producing Snow and Probe uranium mines from enCore Energy, adding 599 acres (2.42 km²) and increasing Urano's I-70 Uranium Project mineral rights by approximately 60%.
Atlas historically produced ~935,000 lbs U3O8 (1973–1982) and previously reported a historical indicated estimate of 295,534 lbs U3O8 at an average grade of 0.23% U3O8 for the Probe‑North Snow deposit. Urano paid CAD $65,980.60 cash and issued CAD $200,000 of common shares (VWAP‑based) as consideration.
The announcement notes favorable Saltwash Member geology, reported drill‑ready targets in Atlas' mine closure report, and that the historical estimates are not NI 43‑101 compliant and require confirmatory work to be classified as current resources.
Urano Energy (OTCQB: UECXF) ha annunciato il 27 ottobre 2025 l'acquisizione delle miniere di uranio Snow e Probe attive in passato da enCore Energy, aggiungendo 599 acri (2,42 km²) e aumentando i diritti minerari del Progetto Uranio I-70 di Urano di circa 60%.
Atlas storicamente ha prodotto circa 935.000 libbre U3O8 (1973–1982) e in precedenza ha riportato una stima storica indicativa di 295.534 libbre U3O8 a una grade media di 0,23% U3O8 per il deposito Probe‑North Snow. Urano ha pagato CAD $65.980,60 in contanti e emesso CAD $200.000 di azioni comuni (basate su VWAP) come corrispettivo.
L'annuncio segnala una geologia favorevole della Saltwash Member, obiettivi pronti per perforazione riportati nel rapporto di chiusura della miniera di Atlas, e che le stime storiche non sono conformi NI 43‑101 e richiedono lavori di conferma per essere classificate come risorse correnti.
Urano Energy (OTCQB: UECXF) anunció el 27 de octubre de 2025 la adquisición de las minas de uranio de producción pasada Snow y Probe de enCore Energy, añadiendo 599 acres (2,42 km²) y aumentando aproximadamente en 60% los derechos mineros del Proyecto Uranio I-70 de Urano.
Atlas históricamente produjo ~935,000 lb U3O8 (1973–1982) y reportó previamente una estimación histórica indicada de 295,534 lb U3O8 a un grado medio de 0,23% U3O8 para el depósito Probe‑North Snow. Urano pagó CAD $65,980.60 en efectivo y emitió CAD $200,000 de acciones comunes (basadas en VWAP) como contraprestación.
El anuncio señala una geología favorable de la Saltwash Member, objetivos listos para sondeos en el informe de cierre de la mina Atlas, y que las estimaciones históricas no son conformes a NI 43‑101 y requieren trabajo de confirmación para clasificarse como recursos actuales.
Urano Energy (OTCQB: UECXF)은 2025년 10월 27일에 enCore Energy로부터 과거 생산형 우라늄 광산인 Snow와 Probe를 인수했다고 발표하였으며, 599에이커 (2.42 km²)를 추가하고 Urano의 I-70 우라늄 프로젝트 광미권리를 약 60% 증가시켰습니다.
Atlas는 역사적으로 ~935,000 lb U3O8를 생산했으며(1973–1982), 이전에 295,534 lb U3O8의 역사적 표시 추정치를 평균 등급 0.23% U3O8로 보고한 바 있습니다. Probe‑North Snow 매장에 해당합니다. Urano는 현금 CAD $65,980.60를 지불하고 VWAP 기준의 CAD $200,000의 일반 주식을 대가로 발행했습니다.
발표는 Saltwash Member 지질의 우호성, Atlas 광산 폐쇄 보고서의 시추 준비 대상, 역사적 추정치가 NI 43‑101 준수가 아니며 현재 자원으로 분류되려면 확인 작업이 필요하다고 명시합니다.
Urano Energy (OTCQB: UECXF) a annoncé le 27 octobre 2025 l'acquisition des mines d'uranium autrefois productrices Snow et Probe d'enCore Energy, ajoutant 599 acres (2,42 km²) et augmentant d'environ 60% les droits miniers du projet Urano Uranium I-70.
Atlas a historiquement produit environ 935 000 lb U3O8 (1973–1982) et avait préalablement indiqué une estimation historique indiquée de 295 534 lb U3O8 avec une teneur moyenne de 0,23% U3O8 pour le dépôt Probe‑North Snow. Urano a payé CAD $65 980,60 en espèces et émis CAD $200 000 d’actions ordinaires (basées sur le VWAP) en contrepartie.
L'annonce note une géologie favorable de la Saltwash Member, des cibles prêtes à forer dans le rapport de fermeture de la mine Atlas, et que les estimations historiques ne sont pas conformes NI 43‑101 et nécessitent des travaux de confirmation pour être classées comme ressources actuelles.
Urano Energy (OTCQB: UECXF) kündigte am 27. Oktober 2025 den Erwerb der ehemals produzierenden Urangruben Snow und Probe von enCore Energy an, wodurch 599 acres (2,42 km²) hinzukommen und die Mineralrechte am Urano I-70 Uranprojekt um ca. 60% erhöht werden.
Atlas produzierte historisch ca. 935.000 lb U3O8 (1973–1982) und berichtete zuvor von einer historischen indikativ Schätzung von 295.534 lb U3O8 bei einer durchschnittlichen Gehalte von 0,23% U3O8 für das Probe‑North Snow Vorkommen. Urano zahlte CAD $65.980,60 bar und emittierte CAD $200.000 Stammaktien (VWAP-basiert) als Gegenleistung.
Die Ankündigung vermerkt eine günstige Saltwash Member-Geologie, bohrbereite Ziele im Atlas-Bergwerkschließungsbericht und dass die historischen Schätzungen NICHT NI 43‑101-konform sind und bestätigende Arbeiten benötigen, um als aktuelle Ressourcen klassifiziert zu werden.
Urano Energy (OTCQB: UECXF) أعلن عن 27 أكتوبر 2025 عن استحواذه على مناجم اليورانيوم Snow وProbe السابقة الإنتاج من enCore Energy، مضيفًا 599 فدانًا (2.42 كم²) وزيادة حُقوق المعادن في مشروع Urano I-70 بنحو 60%.
تاريخه، أنتج Atlas تاريخيًا نحو 935,000 رطل U3O8 (1973–1982) وذكر سابقًا تقديرًا تاريخيًا مُحدّدًا لـ 295,534 رطل U3O8 بمعدل خام قدره 0.23% U3O8 للمَوقع Probe‑North Snow. دفعت Urano CAD $65,980.60 نقدًا وأصدرت CAD $200,000 من الأسهم العادية (معتمدة على VWAP) كتعويض.
تشير الإعلان إلى جيولوجيا Saltwash Member المواتية، وأهداف جاهزة للحفر في تقرير إغلاق منجم Atlas، وأن التقديرات التاريخية ليست متوافقة مع NI 43‑101 وتتطلب أعمال تأكيد لتصنيفها كموارد حالية.
Urano Energy (OTCQB: UECXF) 于2025年10月27日宣布从 enCore Energy 收购历史产出的铀矿——Snow与Probe，增添599英亩（2.42平方公里），使 Urano 的 I-70 铀矿项目的矿权大约增加了60%。
Atlas历史性地生产了约935,000 磅 U3O8（1973–1982），此前还报告了一个历史性指示估算值为295,534 磅 U3O8，平均品位为0.23% U3O8，属于Probe‑North Snow矿床。Urano 支付了CAD $65,980.60现金并发行了CAD $200,000面值的普通股（基于 VWAP）作为对价。
公告指出 Saltwash Member 的地质条件有利，Atlas 矿山关闭报告中列出了钻探就绪目标，且历史估算并非 NI 43‑101 合规，需要进一步确认工作才能被归类为当前资源。
- Land expansion of 599 acres, ~60% growth at I-70
- Historical production ~935,000 lbs U3O8 (1973–1982)
- Historical indicated estimate of 295,534 lbs U3O8 at 0.23% grade
- Transaction consideration: CAD $65,980.60 cash plus CAD $200,000 shares
- Historical estimates are not NI 43-101 compliant and need confirmatory drilling
- No specific V2O5 analyses available for I-70 deposits
CSE: UE
OTCQB: UECXF
www.uranoenergy.com
The Snow and Probe Uranium Mines are located 1.5 miles apart on unpatented mining claims contiguous with, and along the easterly claim boundary, of Urano's I-70 Uranium Project in
To view the I-70 Uranium Project map please visit: https://shorturl.at/YgEvS.
Jason Bagg, Chief Executive Officer of Urano Energy, commented: "This strategic acquisition from enCore Energy meaningfully expands our I-70 Uranium Project footprint and adds a well-documented past-producing uranium deposit with historical resources. Combining Atlas' data with our own evaluation work strengthens Urano's growing uranium inventory and positions us for significant value creation as we continue to advance our portfolio toward NI 43-101 compliance."
Key Highlights
-
Strategic expansion: Acquisition increases the Company's total mineral rights by approximately
60% at the I-70 Uranium Project, adding 599 acres (2.42 km²) contiguous with Urano's existing I-70 Uranium Project holdings; -
Historical production: From 1973–1982, Atlas Corp. produced approximately 935,000 lbs. U₃O₈ at
0.19% U3O8 from the Properties1; -
Historical resource estimate: Atlas reported a remaining historical resource estimate of 295,534 lbs. U₃O₈ at
0.23% U3O8 in the Probe-North Snow deposit, audited by an independent registered mining engineer consulting to Atlas Corp1,2; -
Favorable geology: The deposits occur within the Saltwash Member of the Jurassic Morrison Formation, the principal host of uranium-vanadium mineralization across southeastern
Utah .; - Future potential: Atlas' Mine Closure Report not only reports remaining historic mineralization as reported herein, but also highlights multiple drill-ready exploration targets with potential to expand known mineralization1.
Property Overview
|
Historical Estimated Indicated Uranium Reserves of the Probe-North Snow Deposit 1,2 |
|||
|
Deposit |
Historical |
Average |
U ₃ O ₈ (lbs) |
|
Snow |
30,421 |
0.23 |
139,466 |
|
Probe–North Snow |
33,457 |
0.23 |
156,068 |
|
Total Indicated |
63,878 |
0.23 |
295,534 |
|
1,2 Historical estimates were prepared for Atlas Corp. using the classification category indicated reserves consistent with 1976 USGS principles of classification applicable at that time. The above historical estimates were not prepared using the current definitions of "mineral reserve" and "mineral resource" as those terms are used in National Instrument 43-101 ("NI 43-101") and defined under current CIM standards. The historical estimate is considered reliable and is relevant for the purpose of conducting data analysis and future exploration on the Properties. Additional review and analysis of the available data, and if necessary additional exploration work, including confirmatory drilling and sampling, is required to verify and upgrade the historical estimates as a current mineral resource or mineral reserve. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves. No specific analyses of V2O5 are available for Company's I-70 deposits, as at the time of reserve estimation, Atlas Corp. considered the concentration of vanadium to be too low for economic production. |
Under the terms of the agreement, Urano Energy has paid
|
1 Wilbanks, Larry, Mine Geologist, 1982, (March 4, 1982), "Closure Report - Atlas Minerals Probe and Snow Mines, |
|
2 Gillingham, Thomas, E., Consulting Mining Engineer, 1984, (August 16, 1984), Atlas Controlled Uranium and Vanadium Ore Reserve Tributary to |
About the I-70 Uranium Project
The I-70 Uranium Project is a historically productive site located in
Uranium is found in the Salt Wash Member of the Jurassic Morrison Formation, mainly as coffinite and uraninite within organic-rich sandstone layers, 15 to 500 feet below the surface. The site is already permitted for small-scale underground mining and surface work, allowing Urano Energy to begin focused exploration quickly and with minimal regulatory delay.
Historical reserve data from Atlas, verified by two independent mining engineers, gives Urano a strong foundation for modern evaluation. The Company plans to prioritize the I-70 Uranium Project for future drilling and NI 43-101 technical reporting.
Qualified Person
The technical information in this news release has been reviewed and approved by Dr. Douglas Underhill, PhD (Geology), MBA, CPG, a Director of Urano Energy Corp. and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Urano Energy Corp.
Urano Energy is a mineral exploration company which holds numerous advanced conventional uranium projects hosting historic resources and lode mining claims in the Colorado Plateau, a region with a rich history of uranium and vanadium mining. As the need and support for domestic uranium and nuclear energy in
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Historical Estimates
The historical reserve estimates reported herein were prepared by Atlas Corp. and audited by two independent registered mining engineers. These estimates were not prepared under current NI 43-101 or CIM standards and should not be relied upon as current mineral resources or reserves. Urano has not yet completed the work necessary to verify or classify these historical estimates and is not treating them as current mineral resources or reserves. Further data review and confirmatory exploration will be required to upgrade the estimates.
Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as "expected", "will be", "anticipated", "may" or variations of such words and phrases or statements that certain actions, events or results "will" occur. All statements within, other than statements of historical fact, including statements regarding upgrading of historical resource estimates to NI43-101 standards are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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SOURCE Urano Energy Corp.
FAQ
What did Urano Energy (UECXF) acquire on October 27, 2025?
How much historical uranium production is associated with the Snow and Probe mines?
What historical uranium resource did Atlas report for the Probe‑North Snow deposit?
What did Urano pay for the Snow and Probe properties (UECXF)?
Are the historical resource figures for the Snow and Probe deposits NI 43‑101 compliant?
Will Urano need to drill to confirm the historical estimates at I-70 (UECXF)?
