Original News Release
Oberon options SL project from ESN Investment
Mr. Lawrence Hay reports
OBERON URANIUM EXECUTES OPTION AGREEMENT FOR THE SL PROJECT
Oberon Uranium Corp. has executed an option agreement dated as of Sept. 10, 2025, with ESN Investment Corp., an arm's-length party to the company, pursuant to which Oberon has the option to acquire a 100-per-cent interest in and to the SL project. The property consists of 23 claim units covering 1,101.7 hectares located near Lac Brisson in Nunavik, Quebec, in the Strange Lake complex, which is known for rare earths. The property is located roughly three kilometres southwest of Torngat Metals' Strange Lake project, which has a proposed 59-hectare single open-pit mine that Torngat Metals is seeking to put into production.
Under the option agreement, to acquire a 100-per-cent interest in the property, Oberon is required to make aggregate cash payments of $250,000 to ESN, as follows: $170,000 was payable on execution of the option agreement, and has been paid; and an additional $80,000 is payable on or before the first anniversary of the option agreement.
About Oberon Uranium Corp.
Oberon is a mineral exploration company with a 100-per-cent interest in the past-producing Lucky Boy uranium property located in Arizona, United States.
We seek Safe Harbor.
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