Stallion Uranium defines target at Moonlite property

Executive Summary

• Stallion Uranium Corp. completed a ground-based step-wise moving loop (SWML) time-domain electromagnetic (TDEM) survey at the Coyote target on its Moonlite property in the Athabasca basin, identifying nine discrete electromagnetic conductors.
• Six of the identified conductors exhibit strong conductance levels exceeding 10 Siemens, which are considered significant for basement-hosted uranium exploration; these are interpreted to be structurally controlled and associated with hydrothermal alteration within graphitic shear zones.
• The company has mobilized an airborne VTEM Plus survey over the Stone Island target on the same property, marking the first geophysical survey on the Moonlite project since claims were staked, with mobilization beginning January 6, 2026.

Key Details

• Coyote Target Survey Results:
  • Survey completed by Abitibi Geophysics using a single 5.8-kilometre-long line with nine overlapping transmitter loops (400 m by 600 m each).
  • Identified nine discrete electromagnetic conductors: Coyote_15S, Coyote_14S, Coyote_12.5S, Coyote_12S, Coyote_11S, Coyote_10.5S, Coyote_7.5S, Coyote_7S, and Coyote_5S.
  • Six conductors (Coyote_15S through Coyote_10.5S) exhibit strong conductance values greater than 10 Siemens.
  • Significant lateral and vertical offsets observed within multiple conductors, interpreted as faulting and structural disruption, creating potential trap sites for uranium deposition.
  • Inversion modelling of gravity data identified multiple density low zones proximal to the unconformity, with a large circular density low in the southeastern quadrant.
  • Maxwell plate modelling delineated high-conductivity plates (10 to 15 S) that spatially correlate with gravity density lows, indicating hydrothermal alteration in graphitic shear zones.
  • Joint inversion by Computational Geosciences Inc. refined conductor trends, revealing a break in the main conductor trend coincident with a gravity high, suggesting structural control.
  • Data integration (SWML, gravity, magnetic, geological) will be used to precisely position drill holes and optimize drill orientations for a winter drill program.
• Stone Island Target Survey:
  • Mobilization of helicopter-borne VTEM Plus survey began January 6, 2026.
  • Objective is to identify electromagnetic conductors and structural features beneath Athabasca sandstone cover associated with uranium mineralization.
  • Expected to yield relatively shallow targets amenable to efficient follow-up exploration.
  • Will provide detailed magnetic data to map lithological boundaries and structural trends.
• Technical Validation:
  • Scientific and technical disclosures reviewed and approved by Darren Slugoski, PGeo (VP Exploration) and Kyle Patterson, PGeo (President, Convolutions Geoscience), both qualified persons under National Instrument 43-101.

Notable Quotes

• "The SWML survey has successfully defined and modelled multiple high-quality conductors across the Coyote target... With nine conductors identified; seven of which exhibit strong conductance levels; the modelling completed by Abitibi provides the resolution required to precisely position drill holes and optimize drill orientations. This work materially improves our confidence in drill targeting and directly supports a focused and technically driven winter drill program." — Darren Slugoski, Vice-President of Exploration
• "This survey represents a key technical milestone at Moonlite. The identification of multiple strong, structurally complex conductors within a broader gravity-low anomaly reinforces our confidence in the Coyote target and positions Stallion well as we advance toward drilling commencement." — Matthew Schwab, Chief Executive Officer