URZ3 Energy Corp. Expands Footprint in the Powder River Basin with New Claims and State Lease Acquisitions

• On 2026‑04‑07 URZ3 announced active staking of new claims and acquisition of state leases in Wyoming’s Powder River Basin (PRB).
• The expansion is based on historic 1970s drill logs, a late‑2025 radiometric survey that identified several elevated radioactivity zones, and the company’s ISR mining experience.
• Management (Interim CEO Darcy Higgs) frames the acquisitions as “pivotal” for advancing uranium resource development in a historically productive region.

• Scope: The announcement adds land to URZ3’s portfolio but does not include any financing, drilling results, or regulatory approvals that would immediately affect cash flow or valuation.
• Expectation vs. Surprise: Land acquisition is a logical next step after the earlier Dry Fork exploration program (Sept 2025) and the appointment of ISR‑experienced board members (May 2025). The market likely anticipated further PRB activity, so the news is largely expected.
• Financial Impact: No capital outlay disclosed; financing was previously secured via a $1.1 M private placement (June 2025). Current cash balance (~C$2.2 M as of Oct 2025) appears sufficient to cover staking and initial work, limiting dilution risk.
• Risk/Reward: Expanding the land base improves the company’s option pool for future drilling, which could enhance valuation if high‑grade ISR targets are confirmed. However, without drill data the upside remains speculative.

Conclusion: The news is a routine, positive development that aligns with URZ3’s stated growth strategy but does not constitute a material catalyst at this time.

• URZ3 Energy Corp. is an early‑stage uranium explorer focused on ISR‑compatible deposits in the United States.
• Flagship assets:
• Dry Fork Project (Wyoming) – initial groundwater and surface surveys launched Sep 2025.
• Athabasca Basin claims (Canada) – 35,467 ha acquired Apr 2024 for $40k, royalty‑free.
• South Grass Valley & Kelly Creek projects (U.S.) with joint‑venture structures.