ReeXploration Announces Fully Funded 2026 Uranium Drill Program at Eureka, Namibia

On January 14, 2026, ReeXploration Inc. (TSXV: REE) announced that its 2026 uranium exploration drill program at the Eureka Project in Namibia is fully funded and moving into the execution phase. The news serves as a summary of the company's 2025 "pivotal" year, highlighting two private placements that raised a total of $1.95 million CAD. The 2026 program is designed to test high-priority uranium anomalies identified during 2025 field programs. This follows a strategic rebranding from E-Tech Resources Inc. and the expansion of its license to include nuclear fuels.

The impact is Routine - Positive. While the news confirms the company has successfully cleared the immediate hurdle of insolvency—having transitioned from a precarious $87,007 cash position in March 2025 to raising $1.95M by year-end—the funding itself was largely priced in following the December 2025 financing announcements. - Execution Assurance: The "fully funded" status removes near-term financing risk for the 2,000-meter drill program. - Strategic Pivot: The news solidifies the company’s shift from a pure-play Rare Earth Elements (REE) explorer to a dual-commodity Uranium-REE play, a move clearly intended to capitalize on the current uranium market cycle. - Lack of New Data: This release contains no new technical data, assays, or resource updates; it is a corporate milestone update rather than a value-creating discovery.

ReeXploration (formerly E-Tech Resources) owns 100% of the Eureka Project in the Erongo Mining District, Namibia. - Flagship Project: Eureka is situated near world-class uranium mines (Rössing, Husab). - Geology: The project hosts REE-bearing carbonatites with a maiden NI 43-101 Inferred Resource of 310,000 tonnes at 4.8% TREO. - Recent Developments: Recent exploration identified a large uranium anomaly (kilometric scale) southwest of the "Eureka Dome," which is the primary focus of the 2026 drill program.