Greenridge files NI 43-101 report for Carpenter Lake

Executive Summary

• Greenridge Exploration Inc. has filed a National Instrument 43-101 (NI 43-101) technical report for its Carpenter Lake uranium project in Northern Saskatchewan.
• The report, prepared by independent qualified person Kenneth Wheatley, PGeo, MSc, covers exploration work completed to date but does not contain a mineral resource estimate.
• The report recommends further exploration, specifically a ground gravity survey over the Cable Bay shear zone (CBSZ) to define future drill targets based on historical conductive signatures and radiometric anomalies.

Key Details

• Report Details:
  • Title: "Technical Report For The Carpenter Lake Property, South Central Athabasca Basin, Northern Saskatchewan, Canada."
  • Date: Dated Jan. 15, 2026, with an effective date of Jan. 25, 2026.
  • Qualified Person: Kenneth Wheatley, PGeo, MSc, of Rock U Consulting.
  • Availability: Published on SEDAR+ and Greenridge's website.
  • Status: No mineral resource estimate is included in this report.
• Carpenter Lake Project Specifics:
  • Location: South Central Athabasca Basin, Northern Saskatchewan, Canada.
  • Tenure: 12 mineral claims covering approximately 18,680 hectares.
  • Ownership: 60% Greenridge Exploration (operator), 40% Renegade Gold Inc.
  • Earn-in: Greenridge can earn a 100% interest via cash payments, common share issuances, and exploration expenditures (per terms in May 30, 2024 release).
  • Recommendations: Further work recommended in the Cable Bay shear zone (CBSZ).
  • CBSZ Characteristics: Prominent crustal-scale geological structure trending northeast-southwest; largely underexplored; characterized by well-defined conductive signature, radiometric anomalies, and numerous historically mapped uranium occurrences.
  • Next Steps: Ground gravity survey recommended over the CBSZ, extending at least 500 metres on either side of historical electromagnetic conductors to better define drill targets.
• Company Portfolio Highlights (Contextual):
  • Black Lake Uranium Project: 40% Greenridge, 50.43% Uranium Energy Corp., 8.57% Orano Canada. 2004 discovery hole (BL-18) returned 0.69% triuranium octoxide over 4.4 metres.
  • Hook-Carter Uranium Project: 20% Greenridge, 80% Denison Mines Corp. Located ~13 km from NexGen Energy's Arrow deposit and ~20 km from Paladin Energy's Triple R deposit.
  • Gibbons Creek Uranium Project: Hosts high-grade uraniferous boulders found in 2013, with grades up to 4.28% U3O8.
  • McKenzie Lake Project: 2023 prospecting returned samples including 844 ppm U total (0.101% U3O8).
  • Nut Lake Uranium Project: Historical drilling intersected up to nine feet of 0.69% U3O8 (including 4.90% U3O8 over one foot). 2024 prospecting found a float sample with 31.13% U3O8.
  • Firebird Nickel Project: Two drill programs (7 holes, 1,339m total). Hole FN20-002 intersected 23.8m of 0.36% Ni and 0.09% Cu, including 10.6m of 0.55% Ni and 0.14% Cu.

Notable Quotes

• "Further work on the project is recommended in the area of the Cable Bay shear zone, a prominent crustal-scale geological structure trending northeast-southwest through the project that is largely underexplored for uranium deposits."