Verdera Energy acquires Kerr-McGee uranium database

Executive Summary

• Verdera Energy Corp. has acquired the Kerr-McGee uranium database, covering historical exploration, development, and mining activities in New Mexico, to complement its existing assets.
• This acquisition, combined with the previously announced URI New Mexico database (from the EnCore Energy transaction), creates the largest proprietary New Mexico uranium exploration and development database known.
• The company has also secured exclusive contractual rights to use the New Mexico portions of Executive Chair William M. Sheriff’s extensive private and corporate geological data collection.

Key Details

• Kerr-McGee Database Acquisition: Verdera acquired the database of former operator Kerr-McGee, a dominant U.S. uranium producer from the 1950s through the 1980s, specifically covering its operations in the Grants uranium district.
• Database Composition: The combined database includes over 150,000 drill hole logs, more than 1,000 maps (containing drill hole, geologic, and mine-related information), and hundreds of geological and resource reports.
• URI Database Integration: The Kerr-McGee data is combined with the Uranium Resources (URI) New Mexico database, previously acquired under the EnCore Energy Corp. transaction announced on April 9, 2025. URI was a U.S.-based company focused on in situ recovery (ISR) uranium extraction.
• Executive Chair Data Agreement: Verdera entered a contractual agreement for the exclusive use of New Mexico data held by Executive Chair William M. Sheriff.
• Sheriff Collection Scope: The Sheriff collection includes data from Rancher's Exploration, Union Carbide, W.R. Grace, Getty Minerals, U.S. Smelting, UV Industries, and portions of other corporate and geologist private collections.
• Consideration for Sheriff Data: Verdera provides storage and maintenance fees in exchange for exclusive access rights to the Sheriff collection.
• Strategic Value: The data aims to unlock the value of Verdera’s mineral rights portfolio, create opportunities for discovery and prospect generation, and facilitate sales to other parties lacking such data.
• Company Portfolio Context: Verdera holds private mineral rights spanning approximately 400 square miles and 88 million pounds of known and historic resources, supported by strategic shareholder EnCore Energy.

Notable Quotes

• William M. Sheriff, Executive Chair: "Verdera has an enormous opportunity from the combination of 40 years of proprietary data collection from 13 companies which completed significant work in New Mexico. This asset solidifies Verdera Energy as a key player in the uranium sector in New Mexico, an essential district to the U.S. nuclear renaissance."