UraniumX Plans Winter Gravity Program at Murphy Lake as Q4 Assays Approach

UraniumX Discovery Corp. has completed its 2026 Murphy Lake diamond drill program, advancing 4,092 metres across nine holes. The company is currently awaiting chemical assay results from SRC Geoanalytical Laboratories, which are expected in the fourth quarter of 2026. Preliminary radiometric data indicates high counts, including a peak of 2,696.9 cps in hole ML26-023, though these figures do not directly measure grade.

The drilling has defined two distinct mineralized trends. The North Trend features anomalous radioactivity over a 330-metre strike, while the South Trend has been extended to a 1.3-kilometre strike. Strong hydrothermal alteration was observed at the unconformity in multiple holes. Future exploration plans include a winter 2027 ground geophysical program, utilizing ground gravity and extended MLEM methods to prioritize future drilling targets.

In corporate developments, UraniumX Discovery Corp. acquired the 100%-owned Dieter Lake project in Quebec from Consolidated Uranium Inc., a subsidiary of IsoEnergy. The Dieter Lake project holds historical resources of approximately 24.4 million lbs U3O8. The company also adopted an advance notice policy for shareholder director nominations and granted 7,050,000 Restricted Share Units (RSUs) to directors, officers, and consultants. These RSUs vest upon the achievement of business milestones or after a four-month and one-day hold period.

Consolidated Uranium Inc. (IsoEnergy) currently holds 18,000,000 shares, representing approximately 15.2% on a non-diluted basis, and retains the right to nominate one director.

F4 Uranium Corp. (FFU) has completed its summer drilling program at the Murphy Lake property, expanding the initial plan of 2,500 meters to a total of 4,092 meters following strong radiometric results. The company is now awaiting assay results from the fourth quarter, which serve as a continuation of the exploration work that began in May 2026.

In addition to the drilling update, F4 Uranium announced the acquisition of the Dieter Lake property, which adds a historical resource to the company’s portfolio. The company noted that the deposit requires verification and confirmation drilling, with no immediate financial or operational catalyst expected from the acquisition.

To support ongoing operations, F4 Uranium granted restricted stock units (RSUs) to management, introducing minor dilution while aligning incentives with exploration success. The company previously raised $1.0 million in July 2026 to fund exploration efforts. As of the second quarter of 2026, F4 Uranium held $1.55 million in cash, providing runway into early 2027, though additional capital may be required to fund the upcoming winter geophysics program and ongoing operations.

F4 Uranium Corp. (FFU) is a pre-revenue junior explorer spun out from F3 Uranium in August 2024. The company focuses on acquiring and evaluating uranium properties in Saskatchewan's Athabasca Basin, a world-class jurisdiction known for high-grade deposits. Its technical team has a proven track record, having been directly involved in four major uranium discoveries, including the Triple R and Tetra Zone projects.

The company’s flagship Murphy Lake project is partnered with UraniumX Discovery Corp., which can earn up to 70% of the property. Located 5 km south of IsoEnergy's Hurricane deposit and 4 km east of Cameco's La Rocque Lake, summer 2026 drilling defined two prospective trends with strong radiometric and alteration signatures.

F4 Uranium also holds wholly-owned properties at Todd Lake and Wales Lake within the Patterson Lake Corridor, near Paladin's Triple R and NexGen's Arrow deposits. These underexplored assets are currently undergoing significant geophysical targeting. Additionally, the company recently acquired the 100%-owned Dieter Lake property in Quebec, which holds historical resources of approximately 24.4 million lbs U3O8.