Homeland finds 14 km of uranium potential at Coyote

Executive Summary

• Homeland Uranium’s Phase I bedrock mapping program confirmed approximately 14 km of uranium‑strike potential across four radioactive stratigraphic horizons at the Coyote Basin project.
• Surface radioactivity levels reached up to 400 counts per second (≈8× background) in Horizon 2, with anomalous zones extending along strike and indicating open‑ended targets for Phase II drilling slated for late Q3/Q4 2026.
• Mapping also identified a weakly radioactive horizon at the Red Wash project (up to 109 cps), with additional summer‑2026 work planned to define future drill targets.

Key Details

• Coyote Basin – Strike Extent: Anomalous radioactivity persists along strike for ~14 km across four Fort Union formation horizons.
• Highest Surface Radioactivity: 400 cps recorded near historical hole CB‑106 (south end of Horizon 1).
• Radioactivity Levels: Up to 8× background (≈400 cps) in Horizon 2; other horizons show elevated counts up to ~200 cps.
• Sample Program: 89 rock samples collected and submitted to the Saskatchewan Research Council Geoanalytical Laboratories (SRC); analytical results pending.
• Phase II Plans: Drill testing of the Open Gulch area (Horizon 1 & 2) to confirm subsurface uranium, locate higher‑grade zones, and begin NI 43‑101 resource estimation; drilling expected late Q3/Q4 2026.
• Red Wash Project – Mapping Results: Continuous weakly radioactive horizon detected up to 109 cps (≈2× background); 5 rock samples collected, results pending.
• Future Work at Red Wash: Additional summer‑2026 mapping and prospecting planned to identify drill targets.
• Methodology: Surface radioactivity measured with CT007‑M microR Meter scintillometer (calibrated by Gamma Guard). Rock samples processed by SRC using ICP‑MS/ICP‑OES after total and partial digestion.
• Qualified Person: Nancy Normore, PGeo, Vice‑President Exploration, reviewed and approved technical content per NI 43‑101.

Notable Quotes

“Homeland is excited that the mapping results confirm the presence and location of anomalous radioactivity along the same outcrop locations as those found by Western Mining in the 1970s… We eagerly await federal and state approval of our notice of intent permit application … and then ultimately the commencement of the phase II drilling program this fall.” – Roger Lemaitre, President & CEO

Materiality Assessment: Material – Positive (the release provides substantive new geological data indicating a sizable uranium strike zone and outlines imminent drilling activities that could materially affect the company’s valuation).