Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

F4 Uranium drills 0.5 m of 460 cps at Murphy Lake

F4 Uranium’s Murphy Lake Drill Results Confirm Targeting Model, But Assays Await to Validate Grade Potential

By The Northwire Desk — AI Analysis Jun 02, 2026 · 16:33 FFU · 0.17 F4 Uranium Corp.
Executive Summary
  • F4 Uranium Corp. released initial radiometric results from the first two drill holes (ML26-015 and ML26-016) of its ~2,500-metre Murphy Lake drill program in the Athabasca Basin.
  • Hole ML26-015 encountered anomalous radioactivity up to 460 counts per second (cps) over 1.0 metre, with visually identified pitchblende and intense hydrothermal alteration just above the Athabasca unconformity.
  • Hole ML26-016, a step-out hole, intersected similar but less intense alteration, with scintillometer readings not exceeding 300 cps.
  • The drilling program is fully financed by partner UraniumX Discovery Corp. under an option agreement that allows UraniumX to earn up to a 70% interest.
  • Drilling will advance to Target 2 to test a conductor identified by a May 5, 2026 MLEM survey.
  • Management emphasizes that radiometric readings are preliminary and require laboratory assay confirmation to determine true uranium grades.
Material Impact
  • The results are entirely consistent with the company's targeting model and historical data from 2022 (ML22-006 and ML22-012).
  • The announcement follows the commencement of drilling in late May 2026, making it an expected, incremental update rather than a market-moving surprise.
  • Preliminary radiometric data does not equate to chemical assay grades. The absence of final assay results limits the immediate financial and valuation impact.
  • The fully funded nature of the program by UraniumX mitigates near-term capital raising pressure for this specific project, but does not alter the broader capital needs for the company's other properties.
FFU · Price
Company Overview
  • F4 Uranium Corp. is a pre-revenue junior explorer spun out from F3 Uranium in August 2024.
  • The company holds a portfolio of 17 uranium exploration properties in Saskatchewan's Athabasca Basin, with a carrying value of $6.8 million.
  • The flagship Murphy Lake property (609 hectares) is located in a highly prospective corridor, situated 5 km south of IsoEnergy's Hurricane deposit, 4 km east of Cameco's La Rocque Lake zone, and 30 km northwest of Orano's McLean Lake.
  • Other key assets include the wholly-owned Todd Lake, Wales Lake, Cree Bay, and Grey Island projects, all targeting the Patterson Lake Corridor and Clearwater Domain.
  • The company is currently in the exploration phase, focusing on geophysical surveys and diamond drilling to define drill targets and test geological models.
Read the original news release →

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Jul 09, 2026 · 10:33

F4 Uranium closes $1 million flow-through financing to fund exploration at its Athabasca Basin project.

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F4 extends radiometric trends at Murphy Lake, marking continued early-stage uranium exploration without yet identifying economic grades.

Drill Results Jun 23, 2026 · 05:01

F4 Uranium expands its Athabasca drilling program by 60% following a partner-funded initiative that identified anomalous radioactivity across all exploration targets.

Drill Results Jun 16, 2026 · 16:11

F4 Uranium Announces Brokered Private Placement for Gross Proceeds of Up To C$1.0 Million

Financings Jun 09, 2026 · 05:01

F4 and UraniumX Hit Anomalous Radioactivity in 300 m Step Out Holes

Drill Results Jun 02, 2026 · 05:01

F4 and UraniumX Report Anomalous Radioactivity at Murphy

Drill Results