Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

UraniumX Commences Drill Program at Murphy Lake

Drill Program Commencement Validates Funding Strategy as Shares Consolidate Below Key Resistance

By The Northwire Desk — AI Analysis May 26, 2026 · 04:00 STMN · 0.13 UraniumX Discovery Corp.
Executive Summary
  • UraniumX Discovery Corp. has officially commenced a fully funded ~$2 million diamond drilling program at its flagship Murphy Lake Property in the Athabasca Basin, Saskatchewan.
  • The program targets five priority areas identified through a recently completed Moving Loop Electromagnetic (MLEM) geophysical survey.
  • Operator F4 Uranium Corp. is executing the drill program under an option agreement where UraniumX holds up to 70% interest.
  • Historical results from the property include Hole ML22-006 intersecting 0.065% U3O8 over 2.5 metres and Hole ML22-012 returning 56 ppm uranium in sandstone.
  • The company highlights proximity to significant deposits: IsoEnergy (Hurricane Deposit, 5 km away), Cosa Resources (Murphy Lake North Project, 4 km south), and Cameco (La Rocque Lake Uranium Zone, 4 km east).
  • This announcement follows the May 12 option agreement with Gold'n Futures for the NeoCore property and the May 22 OTCQB listing approval.
Material Impact
  • The commencement of drilling was anticipated based on prior announcements in February and May 2026 which stated a spring drill program was scheduled to begin mid-May.
  • The news confirms execution rather than introducing new strategic pivots or unexpected discoveries, aligning with the "Routine - Positive" classification.
  • Financially, the company reports $5.3M in cash as of February 28, 2026, making the $2M drill program fully funded without immediate dilution risk for this specific activity.
  • The OTCQB listing approval (May 22) provides a quality trading platform but does not immediately alter operational fundamentals; it is an incremental step for U.S. investor access.
  • No material positive surprise exists in the headline as the market was aware of the drilling timeline and funding status from previous releases.
STMN · Price
Company Overview
  • Flagship Project: Murphy Lake Uranium Property (609 hectares) located 30 km northwest of Orano's McClean Lake milling operations in the Athabasca Basin.
  • Portfolio Includes: Zoo Bay (19,850 hectares), NeoCore (13,012 hectares).
  • Strategic Focus: Project generator model with option agreements to advance properties while retaining royalties or equity exposure.
  • Management Change: Esen Boldkhuu appointed CEO in December 2025 following the resignation of Lester Esteban; previously held senior roles at Abitibi Metals and Formation Metals.
  • Corporate Status: Approved for trading on OTCQB Venture Market (Symbol: STMXF) effective May 14, 2026; seeking DTC eligibility.
Read the original news release →

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Jun 23, 2026 · 07:30

UraniumX Expands Murphy Lake Drill Program to 4,000 metres

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Drill Results Jun 02, 2026 · 07:00

UraniumX’s Murphy Lake Drill Hit Validates Athabasca Targeting Model as Assays Loom

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