Homeland Continues to Extend Near-Surface Anomalous Radioactivity at Coyote Basin Uranium Project

The news release dated January 8, 2026, provides the third operational update for the Phase II drilling program at the Coyote Basin Uranium Project in Colorado. The company has completed 8 additional Reverse Circulation (RC) drill holes (CB-RC-0035 to CB-RC-0042) since the holiday restart. Key technical takeaways include the confirmation of anomalous radioactivity over a footprint measuring approximately 1,000m by 600m. The mineralization occurs at shallow depths, typically between 50m and 100m, and remains open for expansion. Geochemical samples have been shipped to SGS Laboratories, but no chemical assay results were included in this release.

The impact is positive but routine. While the expansion of the "radiometric footprint" to 1,000m x 600m suggests continuity and scale, radioactivity (measured in counts per second via downhole gamma) is a proxy for uranium, not a direct measurement. As a risk-averse analyst, I note that "uranium disequilibrium" is specifically mentioned as a known phenomenon in this area. This means the radiometric readings could overstate or understate the actual chemical uranium content. Until the company provides laboratory chemical assays (U3O8 grades), the true economic potential remains speculative. The news confirms the geological model is holding up, but it does not yet "de-risk" the project from a grade perspective.

Homeland Uranium Corp. (formerly Valleyview Resources) is a U.S.-focused explorer. Its flagship project is the Coyote Basin Uranium Project in Colorado. The project is characterized by shallow, sandstone-hosted uranium mineralization. It holds a historical (non-NI 43-101 compliant) resource of 35.4 million lbs U3O8 at a grade of 0.20%. The company also owns the Red Wash project and recently acquired the Skull Creek project, which hosts the Cross Bones deposit (historical 44.2M lbs U3O8).