Skeleton Coast Uranium Files NI 43-101 Technical Reports for Namibia Exclusive Prospecting Licences 8208, 9727, and 8617

Skeleton Coast Uranium Corp. filed three NI 43-101 technical reports for its Namibian Exclusive Prospecting Licences (EPLs) 8208, 9727, and 8617 on SEDAR+. The reports establish an exploration baseline for uranium mineralization across approximately 30,413 hectares in the Erongo Region.

The company is executing a two-phase, decision-gated exploration program. Phase 1, which involves data digitization, consolidation, and target definition, is nearing completion. Phase 2 will determine if anomalies justify drill testing. Total estimated expenditure for the three EPLs ranges from US$975,000 to US$1,575,000.

Tenure is secured through 2027-2029, with Environmental Clearance Certificates valid until early 2027 to 2029. Earn-in requirements include up to a 75% interest in EPLs 8208 and 9727, contingent on spending CAD$3,000,000 by June 2028. Controlling interest in EPL 8617 requires CAD$2,000,000 spent by June 2028, including CAD$500,000 by December 2026.

The licenses sit 10-25 km from major producing uranium mines, including Rössing, Husab, and Langer Heinrich, which account for approximately 10% of global output. Historical data remains unverified and conceptual.

Skeleton Coast Uranium Corp. (SKEL) filed a technical report on April 22, 2026, aligning with its prior announcement that NI 43-101 reports would be completed within the coming weeks. The filing represents a baseline technical report rather than a resource estimate or drill result. It confirms data consolidation and target generation but does not de-risk the project or validate economic viability.

The news is incremental and expected, and it does not alter the company's pre-revenue status, cash burn trajectory, or going concern risk. Market reaction is likely muted, as the filing validates administrative progress but lacks the catalyst required to materially shift valuation.

Skeleton Coast Uranium Corp. is a pre-revenue mineral exploration company focused on uranium and base metal properties in Namibia and British Columbia. Its flagship project is the Erongo Region EPL package, comprising licenses 8208, 9727, 8617, plus 9872/9873, which covers approximately 610 km². The area is highly prospective for both primary leucogranite-associated and secondary calcrete-hosted palaeochannel uranium mineralization.

All licenses are situated within 10-25 km of world-class uranium producers, including Rössing, Husab, and Langer Heinrich, providing geological analogs and potential infrastructure synergies. The company also holds the Silver Star, Hackett, and North Wolverine projects in British Columbia, but current capital and management focus are directed toward the Namibia program.