Skeleton Coast Uranium Completes First Phase of Digitisation of Historical Exploration Data for Namibia EPLs 8617, 8208, and 9727

Skeleton Coast Uranium Corp. has completed Phase 1 of digitizing historical exploration data for three of its five Namibian Exclusive Prospecting Licences (EPLs 8617, 8208, and 9727). The digitization, performed by Practara, consolidated regional geological mapping, historical reports, airborne geophysics, radiometrics, and geochemistry. High-priority conceptual exploration targets for basement-hosted and palaeochannel/calcrete-hosted uranium mineralization have been identified. NI 43-101 technical reports for these three EPLs were filed on SEDAR+ in July 2026.

The company engaged HAG Global Consulting for investor relations services to increase its market profile. Phase 2 will focus on airborne/ground geophysics, mapping, and sampling to verify targets and determine if drill testing is warranted. The company must incur CAD$5 million in exploration expenditures across all five EPLs by June 2028 to maintain tenure and earn-in rights.

Skeleton Coast Uranium Corp. (SKEL) announced the completion of a planned data consolidation step, a routine precursor to fieldwork in early-stage exploration. The company clarified that the announcement does not introduce new mineralization, resource estimates, or drilling results, noting that the targets remain conceptual and unverified.

The engagement of an investor relations firm was described as a standard corporate development step. The announcement aligns with previous guidance regarding the 2026-2027 exploration program and the filing of NI 43-101 reports. Given the company’s pre-revenue status and the conceptual nature of the targets, the market impact is expected to be limited and incremental.

Skeleton Coast Uranium Corp. (SKEL) is a pre-revenue mineral exploration company focused on uranium and base metal properties in Namibia and British Columbia. Its flagship project comprises five Exclusive Prospecting Licences (EPLs) in the Erongo Region of Namibia, covering approximately 610 km². These licenses are strategically located within 10-25 km of major uranium mines including Rössing, Husab, and Langer Heinrich, which collectively produce over 10% of global uranium output.

The company’s exploration strategy targets surficial and alaskite uranium deposits generally less than 100-150 meters deep, utilizing a dual prospectivity model for primary leucogranite-associated and secondary calcrete-hosted mineralization. Skeleton Coast Uranium Corp. is in the early exploration phase, with no commercial production or operating revenue to date.