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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.
STMN · Price
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.
Read the original news release →

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