Azincourt Energy Commences 2026 Field Program at Snegamook Uranium Deposit and Greater Harrier Uranium Project

Azincourt Energy Corp. has officially commenced its 2026 summer exploration program at the Harrier Uranium Project in Labrador, Canada. The initiative begins with a two-week reconnaissance and prospecting phase, followed by a diamond drilling campaign targeting approximately 2,000 meters across 6 to 10 holes at the Snegamook Uranium Deposit. The primary objective is to confirm historical mineralization, rehabilitate historical core, and gather data to support a future NI 43-101 compliant resource estimate.

Historical check sampling from summer 2025 confirmed uranium presence, including a 10 cm sample returning 2.71% U3O8 in hole SN-08-06, though management notes these are short, selective samples not representative of overall grade or width. Prospecting will cover multiple targets including the Brook Showing (historical surface samples up to 6.28% U3O8), Boiteau Lake, Anomaly 7, and the Minisinakwa claim group.

The company entered a marketing agreement with Native Ads, Inc. for $150,000 to run a 12-month digital media campaign starting September 2026. Operational logistics, including camp, helicopter, and drilling services, have been contracted through Titjaluk Logistics Ltd. and Quesnel Brothers Diamond Drilling Ltd.

Azincourt Energy Corp. (AAZ) has initiated drilling as part of the previously announced June 11, 2026 summer drill program plan. The commencement of drilling represents an expected, incremental operational milestone for the junior explorer during the field season and does not contain new grade intercepts or resource updates.

The company reported a $150,000 marketing expenditure, a notable figure for a company of its size that suggests management is prioritizing investor visibility. However, this expense adds to the cash burn rate without immediate revenue generation. The news is considered priced in, as the market was already aware of the planned 2,000m program. The stock’s consolidation at $0.04 reflects this lack of immediate upside surprise.

There is no material deviation from prior guidance or expectations. The impact on the stock is neutral to marginally positive, serving only as confirmation that management is executing on its stated exploration timeline.

Azincourt Energy Corp. is a pre-revenue uranium exploration company focused on advancing under-explored projects in Canada's Central Mineral Belt and the Athabasca Basin. Its flagship Harrier Uranium Project in Labrador covers approximately 49,400 hectares, with the Snegamook deposit serving as the primary near-term target. Historical drilling has identified more than 12 uranium zones, and surface samples have returned grades up to 7.48% U3O8.

The company also holds secondary assets, including an approximately 87% interest in the East Preston Project in Saskatchewan's Athabasca Basin and the newly optioned Sylvia Lake Uranium Project in Labrador's Central Mineral Belt. In November 2025, Azincourt Energy acquired an interest in Nuclea Energy Inc., a developer of lead-cooled micromodular reactors known as Morpheus, signaling a move into downstream nuclear technology to complement its uranium resource portfolio.

Management is led by CEO Mark Tommasi, who was appointed in March 2026. VP Exploration C. Trevor Perkins, P.Geo. oversees field operations, while former CEO Alex Klenman remains on the board in an advisory capacity.