Northwire Canada EditionTuesday, August 11, 2026
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Drill Results

Homeland Uranium director McElroy resigns

By The Northwire Desk — AI Analysis Oct 16, 2025 · 11:19 HLU · 0.48 Homeland Uranium Corp.
HLU · Price

Executive Summary

  • Ross McElroy has resigned from the board of Homeland Uranium Corp. effective October 15, 2025, to focus on his role as CEO of Apollo Silver.
  • Homeland Uranium expanded its Coyote Basin project by staking 36 new unpatented mining claims, bringing the total property size to 839 claims covering approximately 18,656 acres.
  • The upcoming drill program at Coyote Basin has been delayed by two weeks due to contractor equipment maintenance and crew rest, with mobilization now anticipated around November 1, 2025.

Key Details

  • Board Resignation: Ross McElroy resigned from the board effective Oct. 15, 2025.
  • Reason for Resignation: To focus on core duties as CEO, president, and director of Apollo Silver.
  • Board Statement: Chair Eugene McBurney thanked McElroy for contributions to two cornerstone uranium project acquisitions in Colorado and cited his technical and leadership experience.
  • Project Expansion (Coyote Basin):
    • Added 36 new unpatented mining claims on BLM-administered lands.
    • Claims staked to cover gaps between previous project boundaries and privately owned surface/mineral rights.
    • Total property now comprises 839 unpatented mining claims and three Colorado state exploration permits.
    • Total area: Approximately 18,656 acres (7,450 hectares).
  • Geological Context: New claims overlay land projected to be down dip or along strike of uranium mineralization identified during the June 2025 mapping/prospecting program (referenced in Aug. 18, 2025 release) and historical 1980 reports by Western Mining.
  • Drilling Update:
    • Drill contractor unable to mobilize for two weeks due to equipment maintenance and crew rest.
    • New anticipated start date for drill program: On or around Nov. 1, 2025.

Notable Quotes

  • "I would like to thank Ross for his invaluable contributions to the formation of Homeland Uranium Corp. helping the company navigate through two cornerstone uranium project acquisitions in Colorado. Ross's vast technical and leadership experience in the uranium exploration and development industry has provided Homeland with key insights during our brief history. On behalf of the Homeland team and the company's shareholders, I would like to wish Ross the very best of success in the future." — Eugene McBurney, Chair of the Homeland Board of Directors
Read the original news release →

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Jul 30, 2026 · 07:01

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Homeland Uranium Shifts Focus to Cross Bones Amidst Flagship Grade Disappointment and Stock Plunge

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Homeland Uranium Assays Disappoint as Grade Uncertainty Weighs on Coyote Basin Valuation

Drill Results Feb 26, 2026 · 11:44

Homeland Uranium adds data for Cross Bones

M&A / Property