Homeland Commences Drill Program at Coyote Basin
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The most recent news, dated November 12, 2025, announces that Homeland Uranium has commenced its Phase II drilling program at the Coyote Basin Uranium Project in Colorado. A drill contractor has been mobilized, and drilling has begun. The CEO, Roger Lemaitre, stated that the initial focus will be on the southernmost two of the three historically mineralized areas with the objective of converting historical uranium resources to modern NI 43-101 standards.
The program consists of two parts: - Part 1: 35 Reverse Circulation (RC) holes totaling 5,300 meters, focused on historical resource locations. - Part 2: An additional 15-35 holes for 4,700 meters, contingent on the results from Part 1.
The commencement of drilling is a positive operational milestone and confirms the company is executing its stated plan. This follows the reception of drill permits announced on September 24, 2025. The company had initially guided for drilling to commence around October 15, so there has been a minor delay of about four weeks, which is not uncommon in mineral exploration.
The impact is rated as 'Routine - Positive' because while it is a crucial step, it was fully expected and previously telegraphed to the market. The news itself does not change the fundamental value of the project; it merely starts the process of validating it. The truly material news will be the assay results from this drill program. This announcement provides a floor for the stock by confirming operational progress, but it is unlikely to be a significant price catalyst on its own. It demonstrates that management is delivering on its promises, which builds credibility.
Reviewing the historical news flow, the company has methodically advanced its plans since its RTO in March 2025: - March-April 2025: Listed, expanded land package, raised capital ($16M), and built out its technical team. - May-August 2025: Commenced and completed Phase 1 surface work (mapping, sampling), which successfully confirmed the presence of historical radioactive horizons over a 14 km strike length. - September-October 2025: Acquired the adjacent Skull Creek project, further consolidating its district-scale potential, and crucially, received the permits for the current drill program.
The commencement of drilling is the logical and expected culmination of the past eight months of work.
Homeland Uranium Corp. is a junior exploration company focused on developing uranium resources in the United States. Following a reverse takeover (RTO) in March 2025, the company acquired a 100% interest in its flagship Coyote Basin Uranium Project and the adjacent Red Wash and Skull Creek projects in northwestern Colorado.
The Coyote Basin project is the company's primary focus. It hosts a significant historical, non-NI 43-101 compliant resource estimate from 1979 of 35.4 million pounds of U3O8 at an average grade of 0.20% U3O8. The company's core strategy is to use modern exploration techniques, starting with the current drill program, to validate and upgrade this historical estimate into a modern, compliant mineral resource.