URZ3 Energy director Higgs appointed CEO

On December 19, 2025, URZ3 Energy Corp. announced a management transition where Mark Kolebaba resigned as President and CEO effective December 31, 2025, to "focus on other business interests." Darcy Higgs, an existing Director, has been appointed Interim CEO and President effective January 1, 2026. This follows a period of aggressive board restructuring earlier in the year, including the appointment of Paul Goranson (former EnCore Energy CEO) and Todd Hilditch as Executive Chairman.

The impact of this specific news is Neutral. While CEO departures can be disruptive, the transition to an internal director (Higgs) as an "Interim" head suggests a holding pattern rather than a strategic shift. The "Interim" title is a point of caution, as it indicates the board may still be searching for a permanent lead or that the departure was not part of a long-term succession plan.

Crucially, the departure occurs just three months after the company initiated its first exploration program at the Dry Fork project in Wyoming. For a company at the "initiation" phase, a sudden change in the top executive can slow momentum. However, the presence of Paul Goranson on the board and Dr. Ivy Estabrooke on the advisory board provides significant technical and regulatory "adult supervision" that mitigates the loss of Kolebaba.

URZ3 Energy Corp. (formerly Nevada Exploration Inc.) has pivoted from gold exploration in Nevada to uranium exploration in the U.S. and Canada. - Flagship Project: Dry Fork Uranium Project, Wyoming. Located in the Powder River Basin, approximately 10km from the Nichols Ranch ISR project. The project is being explored for In-Situ Recovery (ISR) potential. - Other Assets: 35,467 hectares in the Athabasca Basin (Canada) and a portfolio of Nevada gold projects (currently secondary).