Northwire Canada EditionWednesday, July 29, 2026
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LEGY 0.900 +2.3% GTWO 9.21 −3.4% CDA 0.900 +1.1% IZN 0.060 +0.0% AUMB 0.565 −2.6% BOL 0.075 +15.4% ABRA 13.57 −5.8% GMIN 40.50 −3.8% PBM 0.045 +0.0% AEF 0.145 +0.0% EDCU 0.410 −9.9% SCD 0.165 −2.9% DLTA 0.155 +0.0% AAUC 25.00 −15.2% CNL 17.60 −1.9% SAG 0.870 −3.3% LEGY 0.900 +2.3% GTWO 9.21 −3.4% CDA 0.900 +1.1% IZN 0.060 +0.0% AUMB 0.565 −2.6% BOL 0.075 +15.4% ABRA 13.57 −5.8% GMIN 40.50 −3.8% PBM 0.045 +0.0% AEF 0.145 +0.0% EDCU 0.410 −9.9% SCD 0.165 −2.9% DLTA 0.155 +0.0% AAUC 25.00 −15.2% CNL 17.60 −1.9% SAG 0.870 −3.3%
Drill Results

Eastport Commences Drilling Immediately North of Africa's Largest Known Uranium Deposit

By The Northwire Desk — AI Analysis Dec 09, 2025 · 08:31 EVI · 0.52 Eastport Critical Metals Corp.
EVI · Price

Executive Summary

  • Eastport Critical Minerals Corp. (formerly Penbar Capital) announced the commencement of Phase 1 reverse‑circulation drilling at the Foley Uranium Project in Botswana, targeting a 15 km+ radiometric anomaly adjacent to the world‑class Letlhakane uranium deposit.
  • The initial program will drill approximately 5,000 m to test shallow (40–80 m) paleo‑channel hosted uranium mineralisation that is amenable to heap‑leach processing.
  • This marks the third concurrent critical‑metals drill campaign for Eastport within one month of its TSX‑V listing, underscoring rapid execution of its multi‑asset exploration strategy.

Key Details

  • Drilling Scope: 5,000 m of RC drilling (Phase 1) at Foley Uranium Project (PL113/2020).
  • Target Geology: Langer Heinrich‑style paleo‑channel uranium deposits in redox‑controlled sandstones, depth 40–80 m, heap‑leach amenable.
  • Strategic Context: Lies on the northern extension of the Lotus Resources Letlhakane Deposit (365 Mt @ 307 ppm U₃O₈), one of the world’s largest undeveloped uranium resources.
  • Exploration Objective: Test a continuous >15 km radiometric anomaly trending directly into Foley, assess geological controls on direction, depth and grade.
  • Concurrent Programs: Simultaneous drill campaigns at Matsitama (copper) and Semarule (REE), demonstrating cost‑effective multi‑asset execution.
  • Infrastructure Highlights: Project located ~75 km south of Francistown with sealed highway access, proximity to power grid, abundant groundwater, and ready drilling services.
  • Qualified Person: Liz de Klerk, Pri.Sci.Nat., FIMM (Micon International) reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“Our licence sits directly along strike of this increasing focused feature… Our first drill fence will give us crucial information on the geological controls determining direction, depth and grade within this extensive paleo‑channel system.” – Rick Bonner, Director & VP Exploration

“We are confident that our exploration program will demonstrate comparable potential for Foley to host the northern extension of Letlhakane, creating significant value for our shareholders.” – Burns Singh Tennent‑Bhohi, CEO & Director

Read the original news release →

More from Eastport Critical Metals Corp.

Jul 20, 2026 · 07:01

Eastport Critical infill drilling confirms low-grade copper at the project, validating a small historical resource without naming a qualified person.

Drill Results Jun 25, 2026 · 07:31

Eastport Critical appointed a new CEO as it advances its multi-asset Botswana drill campaign, with execution pace remaining the key catalyst.

Management Jun 24, 2026 · 07:31

Eastport Critical’s shallow uranium discovery in Botswana remains pre-revenue exploration with no cost guidance or resource estimate yet.

Drill Results Jun 09, 2026 · 07:31

Eastport Critical confirms grade continuity at the Foley Uranium discovery, though pre-revenue status and dilution risk temper near-term catalysts.

Drill Results May 28, 2026 · 10:32

Eastport Strikes Uranium Adjacent to Giant Letlhakane; Early Grades Open the Door but Bulk-Tonnage Reality Looms

Drill Results May 07, 2026 · 08:02

Eastport Critical Metals Confirms Execution Pace but Lacks Assay Catalysts for Valuation Re-rating

Drill Results