Drill Results
F4 and UraniumX Expand Murphy Lake Drilling by 60% to 4,000 m as All Target Areas Return Anomalous Radioactivity
F4 Uranium expands its Athabasca drilling program by 60% following a partner-funded initiative that identified anomalous radioactivity across all exploration targets.

Executive Summary
- F4 Uranium Corp. and partner UraniumX Discovery Corp. are expanding the Murphy Lake drill program by 60%, increasing the scope from 2,500 metres to 4,000 metres.
- Seven holes (~3,200m) have been completed to date, with five returning elevated radioactivity across four distinct target areas on both the North and South Trends.
- 100% of tested target areas have returned anomalous radioactivity and strong hydrothermal alteration at the unconformity.
- Key radiometric intercepts include handheld scintillometer readings >300 cps and downhole gamma >500 cps, peaking at 2,564 cps in basement rock below the unconformity.
- The program will advance to Target Area 6 to test a strong parallel conductor identified by a recent partner-funded MLEM survey.
- F4 remains the operator of the fully funded program; UraniumX holds an option to earn up to a 70% interest.
Material Impact
- The expansion to 4,000m is a direct, positive follow-up to the encouraging initial drill results announced in early June 2026.
- It validates the company's targeting model and demonstrates drilling efficiency, but it is an incremental step in a broader exploration campaign rather than a standalone material event.
- The news aligns perfectly with the company's stated summer exploration plans and the recent $1.0M financing closed on June 16, 2026, which was explicitly earmarked for these exploration activities.
- No new financial commitments, structural changes, or unexpected discoveries are introduced; the impact is strictly operational and exploratory.
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Company Overview
- F4 Uranium Corp. is a pre-revenue junior explorer formed via spin-out from F3 Uranium in August 2024.
- Portfolio: 17 uranium exploration properties in Saskatchewan's Athabasca Basin, totaling 157,530 hectares.
- Flagship Project: Murphy Lake (609 hectares), located 5 km south of IsoEnergy's Hurricane deposit and 4 km east of Cameco's La Rocque Lake.
- The company is in the exploration phase, with no revenue generated. Management estimates sufficient funds for the upcoming year, contingent on optionee milestones and future equity raises.
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Jul 09, 2026 · 10:33