Northwire Canada EditionMonday, July 27, 2026
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LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Drill Results Material +

Cosa Reports 5.0 metres of Anomalous Radioactivity up to 13,900 CPS Intersected at Murphy Lake North Joint Venture with Denison Mines

High-Grade Smoke at Murphy Lake North Validates Strategic Denison Partnership

By The Northwire Desk — AI Analysis Mar 24, 2026 · 08:02 COSA · 0.4 Cosa Resources Corp.
Executive Summary

The most recent news (March 24, 2026) reports that Cosa Resources intersected 5.0 metres of anomalous radioactivity in the first drill hole (MLN26-013) of the winter 2026 program at the Murphy Lake North (MLN) Project. The intersection peaked at 13,900 counts per second (CPS) and is located 260 metres vertically from the surface. The radioactivity is associated with strong hydrothermal alteration and structural disruption consistent with Athabasca unconformity-related uranium deposits. This hole followed up on alteration identified during the 2025 summer program.

Material Impact

This news is Material - Positive. While "anomalous radioactivity" is not yet a confirmed economic discovery, 13,900 CPS is a very high reading for a first hole in a new campaign and suggests the presence of a high-grade uranium system. - Validation of Strategy: It validates the team's "Hurricane-style" targeting approach (the team was involved in the nearby Hurricane deposit discovery). - Proximity: The result is only 2.7km from the world-class Hurricane deposit, increasing the probability that MLN sits on the same fertile structural trend. - Operational Efficiency: The hole achieved 100% core recovery through the mineralized zone, providing high-quality data for immediate follow-up. - Joint Venture Strength: The project is a 70/30 JV with Denison Mines, providing technical backing and potential for future funding/buyout.

COSA · Price
Company Overview

Cosa Resources is a uranium explorer focused on the Athabasca Basin, Saskatchewan. Its flagship projects are the Murphy Lake North (MLN) and Darby projects, both 70/30 Joint Ventures with Denison Mines. MLN is located just 2.7km east of the ultra-high-grade Hurricane deposit. The company also holds a massive portfolio of 100%-owned projects (Orion, Orbit, Cosmo) and has successfully optioned out the Astro and Aurora projects to partners to fund exploration while retaining upside.

Read the original news release →

More from Cosa Resources Corp.

Jul 15, 2026 · 08:01

Cosa clears final deferred shares and raises $12m to secure its funding runway through 2027.

M&A / Property Jun 26, 2026 · 08:01

Cosa Commences Partner Funded Ambient Noise Tomography Survey at the Astro Uranium Project, Athabasca Basin, Saskatchewan

Drill Results Jun 25, 2026 · 08:01

Cosa advances its Athabasca Basin uranium portfolio through partner-funded exploration and strategic joint ventures.

Drill Results Jun 24, 2026 · 08:58

Cosa secured c$12m for summer drilling at its athabasca project with denison support.

Financings Jun 18, 2026 · 08:01

Cosa Resources launches a 6,000m summer drill program at Murphy Lake North following promising winter intercepts.

Drill Results Jun 15, 2026 · 08:01

Cosa Resources schedules follow-up drilling at Darby and Murphy Lake North following strong winter uranium intercepts.

Drill Results