Homeland Uranium adds data for Cross Bones

Executive Summary

• Homeland Uranium Corp. completed a milestone payment and share issuance related to its reverse takeover amalgamation with Shift Rare Metals Inc., involving 4.5 million common shares and $500,000 USD in cash.
• The company acquired historical exploration data for its Cross Bones uranium property, including drill logs and assays from previous programs by Bluerock Resources and Ashland Minerals, to accelerate project evaluation and reduce future exploration costs.
• Management announced plans to interpret the new data and execute a mapping, sampling, and initial drilling program at the Cross Bones property prior to the end of 2026, while also confirming attendance at the 2026 PDAC convention.

Key Details

• Milestone Payment (Shift Rare Metals Amalgamation):
  • Issuance of 4.5 million common shares to former shareholders of Shift Rare Metals Inc.
  • Cash payment of $500,000 USD.
  • Transaction pursuant to the amalgamation agreement dated August 16, 2024 (as amended), involving 1496946 B.C. Ltd.
  • Context: Part of the reverse takeover transaction previously announced February 25, 2025, and March 10, 2025.
• Cross Bones Property Data Acquisition:
  • Acquired historical exploration data set from private vendors for $13,000 USD.
  • Data includes 16 drill logs, drill core assays, surface sampling, and radiometric surveys completed by Bluerock Resources Inc. (2006–2007).
  • Includes location data for dozens of historical drill holes completed in 1978 by Ashland Minerals (Homeland had previously acquired geological and wireline logs for many of these holes).
  • Strategic impact: Data consolidation and reinterpretation expected to save future exploration costs by avoiding redundant drilling; aims to move project forward on a quicker timeline.
• Future Plans for Cross Bones:
  • Review and compilation of new data with previously acquired data.
  • New interpretation of the property over the next few months.
  • Objective: Permit, plan, and execute mapping, sampling, and initial drilling program at Cross Bones prior to the end of 2026.
  • Property Location: Northwestern Colorado, near Rangely and Dinosaur, within the northeastern portion of the Colorado Plateau (a regionally significant uranium province).
• Corporate Events:
  • Attendance at the 2026 Prospectors and Developers of Canada (PDAC) convention.
  • Dates: March 1 through March 4, 2026.
  • Location: Toronto, Ontario.
  • Booth Number: 2623 (Investors Exchange).

Notable Quotes

• "This data acquisition is a key step in our process of evaluating and developing the Cross Bones property and will help us move this project forward on a much quicker time frame than we previously anticipated. Once consolidated with our existing data and the entire package reinterpreted, this data will likely save the company considerable future exploration costs, as we anticipate much of the historical drilling will not have to be redone." — Roger Lemaitre, President and CEO