Northwire Canada EditionSunday, August 23, 2026
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RCK 0.720 +2.9% SGML 16.03 +8.1% BKM 2.80 +0.0% CGNT 1.25 +2.5% TTS 2.10 −17.6% SVRS 0.500 +0.0% FMM 0.050 +0.0% GSPR 0.105 −4.5% MKO 14.50 +0.2% EVER 0.510 −1.9% HSTR 2.32 +0.0% MERG 0.880 +4.8% THM 1.20 −0.8% MON 0.660 +3.1% ELEF 0.145 +7.4% FAIR 0.065 +8.3% RCK 0.720 +2.9% SGML 16.03 +8.1% BKM 2.80 +0.0% CGNT 1.25 +2.5% TTS 2.10 −17.6% SVRS 0.500 +0.0% FMM 0.050 +0.0% GSPR 0.105 −4.5% MKO 14.50 +0.2% EVER 0.510 −1.9% HSTR 2.32 +0.0% MERG 0.880 +4.8% THM 1.20 −0.8% MON 0.660 +3.1% ELEF 0.145 +7.4% FAIR 0.065 +8.3%
Drill Results

Cosa Announces Commencement of Winter 2026 Drilling Campaign on Joint Ventures with Denison Mines

Drill Bit Turns on Denison-Backed Athabasca Targets as Momentum Peaks

By The Northwire Desk — AI Analysis Jan 28, 2026 · 08:01 COSA · 0.5 Cosa Resources Corp.
Executive Summary

The most recent news (January 28, 2026) announces the commencement of the Winter 2026 drilling campaign at the Darby and Murphy Lake North (MLN) projects in Saskatchewan. At Darby, a 2,500-meter program has begun to test five historical intersections of uranium mineralization. At MLN, a 1,200-meter program is slated to follow, targeting the Cyclone trend and expanding on successful 2025 results. This follows the January 21 announcement detailing these plans and confirms the company is moving immediately from camp construction to active exploration.

Material Impact
  • Operational Continuity: The news confirms that Cosa is executing its stated strategy on schedule. This is a positive operational milestone but does not yet represent a fundamental shift in valuation, as discovery risk remains.
  • Budget Deployment: The company is deploying a portion of the C$7.5 million raised in December 2025. The 3,700-meter total winter program is significant for a company of this size, indicating a high-conviction approach to its lead targets.
  • Strategic Alignment: The continued participation of Denison Mines (30% JV partner and ~19% shareholder) validates the technical merit of the targets. Denison’s participation in the MLN funding to maintain its interest prevents dilution of the JV for Cosa.
  • Execution Risk: Starting in late January is standard for Athabasca winter programs, but the company must complete the MLN portion before the spring thaw in late March.
COSA · Price
Company Overview

Cosa Resources is a uranium explorer focused on the Athabasca Basin, Saskatchewan. Its portfolio is headlined by the Murphy Lake North (MLN) and Darby projects, both 70/30 Joint Ventures with Denison Mines. - Murphy Lake North: Located 2.7 km east of the high-grade Hurricane deposit. 2025 drilling identified a 2 km alteration zone (Cyclone trend) that remains open. - Darby: Located 10 km west of the Cigar Lake Mine. It features 25 km of conductive strike length and historical drill holes that intersected 0.13% U3O8. - Management: Led by Keith Bodnarchuk and Andy Carmichael, who were part of the IsoEnergy team that discovered the Hurricane deposit.

Read the original news release →

More from Cosa Resources Corp.

Aug 04, 2026 · 08:01

Cosa advances Aurora targets with a partner-funded radiometric survey ahead of planned fall drilling.

Drill Results Jul 15, 2026 · 08:01

Cosa clears final deferred shares and raises $12m to secure its funding runway through 2027.

M&A / Property Jun 26, 2026 · 08:01

Cosa Commences Partner Funded Ambient Noise Tomography Survey at the Astro Uranium Project, Athabasca Basin, Saskatchewan

Drill Results Jun 25, 2026 · 08:01

Cosa advances its Athabasca Basin uranium portfolio through partner-funded exploration and strategic joint ventures.

Drill Results Jun 24, 2026 · 08:58

Cosa secured c$12m for summer drilling at its athabasca project with denison support.

Financings Jun 18, 2026 · 08:01

Cosa Resources launches a 6,000m summer drill program at Murphy Lake North following promising winter intercepts.

Drill Results