Northwire Canada EditionWednesday, November 4, 2026
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Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +0.0% Gold 3,940.40 −0.7% Silver 49.75 −2.2% Copper 6.41 −2.4% Oil 96.76 +0.3% Palladium 930.00 −4.0% MSA 8.73 +1.2% GGL 0.145 +0.0% MAU 14.45 +0.3% EMO 0.220 +0.0% EOX 0.060 +0.0% PMET 2.99 −2.3% SVM 11.14 −2.5% NUAG 6.82 +0.1% STGO 1.35 +1.5% TFPM 39.56 −2.0% REE 0.030 +0.0% PNTR 0.330 +0.0% SSRM 36.56 −2.4% NGEX 20.85 +2.9% DML 2.96 −0.3% DOS 0.020 +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 →

More from F4 Uranium Corp.

Sep 25, 2026 · 07:00

F4 plans a winter gravity survey at the Murphy Lake project as UraniumX awaits fourth quarter assay results.

Drill Results Sep 02, 2026 · 16:39

F4 advances Wales Lake geophysics despite leadership shakeup that underscores capital constraints.

Drill Results Aug 19, 2026 · 06:01

F4 Uranium expands its Athabasca footprint at Kelic Lake ahead of summer drilling programs.

M&A / Property Aug 04, 2026 · 07:01

F4 launches radiometric surveys at the Todd and Wales Lake deposits while appointing an experienced chief financial officer to its leadership team.

Drill Results Jul 21, 2026 · 07:01

F4 funds a Wales Lake airborne survey via a July placement while Murphy Lake drilling concludes.

Drill Results Jul 17, 2026 · 15:22

F4 will fund exploration alone at the Hearty Bay project after Traction Uranium exited the venture.

M&A / Property