Homeland Receives Drilling Permits for Inaugural Drill Program at Cross Bones Uranium Project
Homeland secured permits for the Cross Bones project, while low-grade assays from the Coyote deposit have delayed near-term catalysts.
Homeland Uranium Corp. has secured full federal and state permits to begin an inaugural drill program at its 100%-owned Cross Bones Uranium Project in Colorado. The permits, valid through June 2028, authorize up to 30 diamond drill holes. Phase I of the program consists of four to six holes designed to twin historical holes from 1977-78 and confirm deposit continuity. Drilling is expected to begin in the fall, following contractor selection, with Phase II to follow based on Phase I results.
Recent spring 2026 mapping identified the "East Ridge Showing," a 500m-long radiometric anomaly with surface readings up to 3,400 cps. The company is utilizing a recently acquired historical dataset to accelerate exploration and reduce costs.
Homeland Uranium Corp. (HLU) received permits for its Cross Bones project, a procedural milestone that aligns with the company's previously announced exploration timeline. The permitting follows the successful spring mapping program, meaning the development was expected rather than constituting a material positive surprise.
The shift in focus to Cross Bones comes after disappointing initial geochemical results from the Coyote Basin project, where the first eight drill holes returned uranium concentrations of ≤30 ppm. While the East Ridge discovery is encouraging, it remains an untested surface anomaly. The permit allows the company to proceed with validation, but no resource definition or grade confirmation has occurred. The news is incremental and expected, providing operational progress without altering the fundamental risk profile or near-term valuation.
Homeland Uranium Corp. (HLU) is a pre-revenue junior explorer focused on uranium-vanadium projects in the Colorado Plateau. The company is currently in the early-stage exploration and resource definition phase. Its flagship assets include the Coyote Basin Uranium Project, comprising 839 claims covering 18,656 acres, and the Cross Bones Uranium Project, formerly known as Skull Creek, which consists of 853 claims covering 18,596 acres.
Historical data indicates significant uranium and vanadium potential, though no current NI 43-101 mineral resources or reserves have been defined. The company aims to convert historical resources into modern standards through systematic drilling and geochemical verification.