Urano Energy Defines Historical Uranium Inventory at Green River Project in Utah; Evaluation Identifies 1.4 Million Pounds of Historical Indicated and Inferred Uranium Resources

Urano Energy Corp. announced the completion of an initial evaluation and definition of a historical uranium inventory at its Green River Uranium Project in Emery County, Utah. The evaluation identified historical indicated reserves of 95,339 tons at 0.13% U3O8 (247,711 lbs U3O8) and historical inferred reserves of 466,666 tons at 0.15% U3O8 (1,400,000 lbs U3O8). This totals approximately 1.65 million pounds of historical U3O8.

The company explicitly states that these historical estimates, prepared for Atlas Corp. in 1976, are not compliant with current NI 43-101 or CIM standards and are not being treated as current mineral resources or reserves. Verification, confirmatory drilling, and further exploration work are required to upgrade these estimates.

The Green River Project is located in Utah's San Rafael River District, a historically productive area. The property consists of 49 claims covering 1,009 acres and possesses an active Small Mining Operations permit. Uranium mineralization is hosted in organic-rich sandstones at shallow depths (15 to 70 feet). Urano Energy plans to prioritize Green River for future confirmatory drilling and NI 43-101 technical reporting and continue to grow its historical uranium inventory across its Utah-Colorado portfolio.

This news is a preliminary step in evaluating the Green River project. While the definition of 1.65 million pounds of historical uranium is noted, its impact is significantly tempered by the explicit disclaimer that these estimates are not NI 43-101 compliant. This means the market cannot treat these as current mineral resources or reserves for valuation purposes.

The positive aspects include the project's location in a historically productive uranium district, the shallow mineralization, and the existing small-scale mining permit, which reduces some initial permitting hurdles. The historical data provides a target for future exploration, potentially reducing the risk of blind drilling.

However, the non-compliance with modern reporting standards means that significant future work, including confirmatory drilling, sampling, and a new technical report, is required before these pounds can be formally recognized and included in any economic assessment. This will require substantial capital and time. Therefore, while it adds clarity regarding the potential of one of Urano's properties, it does not immediately add material value to the company's current resource base or stock price. It's a foundational, rather than a transformational, announcement.

Urano Energy Corp. is an exploration company focused on uranium projects. Its flagship project highlighted in this news release is the Green River Uranium Project, located in Emery County, Utah. The project encompasses 49 claims over approximately 1,009 acres in the historically significant San Rafael River District, which has produced over 4.48 million lbs of U3O8. The project benefits from an active Small Mining Operations permit and historical drilling data from the late 1970s and early 1980s by Atlas Corp. Uranium mineralization at Green River occurs at shallow depths (15-70 feet) within organic-rich sandstones of the Jurassic Morrison Formation. The company is actively evaluating and working to upgrade historical estimates across its broader Utah-Colorado portfolio.