Manhattan Uranium Identifies High-Grade Uranium Intercepts from 5,668-Hole Database Compilation at I-70, San Rafael District, Utah
Manhattan’s unverified historical gamma logs claim a 72% hit rate without new drilling, assays or a resource.
Manhattan Uranium Discovery Corp. (MANU) announced the completion of a historical data digitization and 3D modeling effort for its I-70 uranium project in the San Rafael District of Utah. The company consolidated approximately 5,668 historical drill collar locations and recovered downhole gamma data for 2,769 holes. Of these, 1,985 holes, or 72%, were flagged as containing at least one interval with a grade of 0.10% eU₃O₈ or higher.
The release highlighted five specific historical intercepts: * GR-896-80: 1.22 m at 1.59% eU₃O₈ (GT 1.935 %·m) * FC-20-67: 2.13 m at 0.86% eU₃O₈ (GT 1.832 %·m) * GR-1324-81: 2.44 m at 0.39% eU₃O₈ * GR-984-80: 1.67 m at 0.57% eU₃O₈ * X374: 4.42 m at 0.20% eU₃O₈
Manhattan Uranium noted that all grades are historical gamma-equivalent (eU₃O₈) and have not been independently verified. The company stated that these figures assume secular equilibrium. No current mineral resource or reserve estimate has been established for the project.
Manhattan Uranium Discovery Corp. (MANU) released data that does not materially alter its investment thesis, as the company remains pre-resource and pre-economic with no new resource defined. The market had already incorporated the company’s historical data assets into its valuation, with the stock declining steadily from a merger-related spike of $0.45 in mid-June to $0.27 on the eve of the release. This announcement is unlikely to reverse the downtrend because it provides nothing that can be independently verified. For an explorer-stage company, targeting work and database compilation are routine steps, and the absence of chemical assays and modern drill tests means the news carries no material weight.
Manhattan Uranium Discovery Corp. (TSXV: MANU, OTCQB: MAUUF) is a Canadian-listed uranium explorer formed through a three-way merger of Aero Energy, Urano Energy, and Pegasus Resources, which closed on May 7, 2026. The company holds a North American portfolio that includes 15 past-producing uranium mines and 25 underexplored properties totaling 25,099 acres in the Colorado Plateau and Nevada. Key assets in the United States include the I-70 and Apex projects, as well as Lisbon, La Sal, and Blue Jay. Historical resource estimates exist at I-70, which holds approximately 1.4 million pounds of inferred U₃O₈, and Lisbon, which holds approximately 3.3 million pounds; however, neither estimate is NI 43-101 compliant.
In Canada, the company holds the Murmac and Strike projects in northern Saskatchewan’s Athabasca Basin under an option to earn up to 70% interest. A 2024 discovery hole at Murmac returned 8.4 meters at 0.30% U₃O₈, including 1.2 meters at 1.79% U₃O₈ based on chemical assays.
Management is led by CEO Galen McNamara and Chairman William Sheriff, supported by a board with uranium discovery experience. As of the latest financials for the quarter ended January 31, 2026, the company held C$3.9 million in cash. The subsequent conversion of $10.5 million in subscription receipts, completed by May 2026, likely provides a stronger treasury position.