M&A / Property Routine +

Uraniumx Discovery Corp. Announces Acquisition of Common Shares of Gold'n Futures Mineral Corp

Athabasca Basin uranium project generator advancing Murphy Lake and NeoCore via earn-ins and targeted drilling.

By The Northwire Desk — AI Analysis Jun 18, 2026 · 22:30 STMN · 0.1 UraniumX Discovery Corp.

Executive Summary

UraniumX Discovery Corp. announced the acquisition of 580,000 common shares (19.70% stake) in Gold'n Futures Mineral Corp. (CSE: FUTR).
The shares were issued as partial consideration for an amended option agreement to acquire a 100% interest in the NeoCore uranium property in Saskatchewan's Athabasca Basin.
The deemed value of the shares is $0.27 per share, totaling $156,600, with zero cash consideration paid by UraniumX.
The transaction closes the option agreement initially announced in May 2026 and finalized on June 17, 2026.
The acquired Gold'n shares are subject to a statutory hold period of four months and one day, plus an extended CSE hold until the greater of four months from issuance or 10 days following the filing of a NI 43-101 technical report for NeoCore.
UraniumX will act as the property operator during the option period and retains a 2.0% net smelter returns (NSR) royalty.

Material Impact

This is a standard earn-in mechanism for a junior exploration company and project generator. It does not represent a transformative event or a sudden influx of cash.
The transaction is non-cash, preserving UraniumX's treasury for ongoing operations and the Murphy Lake drill program.
The issuance of shares to Gold'n Futures introduces future dilution, but the agreement strictly caps UraniumX's ownership in Gold'n at 19% during the earn-in period, limiting immediate equity dilution to existing shareholders.
The recorded asset value ($156,600) is immaterial relative to the company's total assets (~$2.65M as of Q1-2026).
The news confirms the successful closing of the NeoCore option, which was already priced into the stock following the June 17 announcement.

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Company Overview

UraniumX Discovery Corp. (formerly Stearman Resources) is a uranium exploration and project generator focused on the Athabasca Basin in Saskatchewan, Canada.
The company operates under a project generation model, advancing its portfolio through targeted exploration, geophysical surveys, and earn-in agreements with partners.
Core Assets:
Murphy Lake Property: Flagship asset (up to 70% interest via option with F4 Uranium Corp.). Located 5 km from IsoEnergy's Hurricane Deposit and 4 km from Cameco's La Rocque Lake zone.
Zoo Bay Property: 100% owned, 19,850 hectares. Previously subject to an LOI with Pond Technologies.
NeoCore Property: 100% owned, 13,012 hectares. Advanced via an earn-in option with Gold'n Futures Mineral Corp.
Leadership transitioned in December 2025 with the appointment of CEO Esen Boldkhuu, who has focused on securing capital and advancing the Murphy Lake drill program.

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