Northwire Canada EditionWednesday, August 5, 2026
Northwire
SGML 14.82 −4.4% DEF 0.175 +6.1% UCU 3.50 +1.4% BBB 0.680 +0.0% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.44 +4.4% LAR 8.96 −1.0% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.365 +17.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 10.83 +6.3% SGML 14.82 −4.4% DEF 0.175 +6.1% UCU 3.50 +1.4% BBB 0.680 +0.0% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.44 +4.4% LAR 8.96 −1.0% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.365 +17.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 10.83 +6.3%
Drill Results

Stallion Uranium Announces Mobilization for Winter Drilling Program, Appoints Paulo Santos as Chief Financial Officer

Stallion Mobilizes for High-Stakes Athabasca Winter Drill Program Following $22 Million Capital Injection

Executive Summary

The news release dated January 5, 2026, announces the mobilization of crews and equipment for a diamond drilling program at the Moonlite Property in the Athabasca Basin, Saskatchewan. The focus is on the Coyote Target, a priority prospect refined through geophysical and structural analysis. Base Drilling Ltd. has been contracted for the work. Concurrently, the company appointed Paulo Santos as Chief Financial Officer, replacing Dong Shim. This follows the completion of an oversubscribed $7.7 million flow-through financing on December 30, 2025.

Material Impact

The mobilization is a vital operational milestone but is characterized as Routine - Positive because it aligns with previously communicated timelines for a winter 2026 drill program. - Operational Execution: The transition from geophysical surveys (ground EM and 3D gravity completed in mid-2025) to physical drilling is the primary value-creation catalyst for junior explorers. - Financial Strength: The appointment of a new CFO follows a year of massive capital expansion. Santos inherits a balance sheet significantly bolstered by the $15M raise in September 2025 and the $7.7M raise in December 2025. - Strategic Continuity: The focus on the Coyote target is consistent with the company's 2025 technical findings, which compared the target's geophysical signature to the world-class Arrow deposit.

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Company Overview

Stallion Uranium is a Canadian explorer focused on the Athabasca Basin, home to the world’s highest-grade uranium deposits. Its flagship is the Moonlite Project (specifically the Coyote target), which is part of a 2,700 sq km land package, much of it held in a joint venture with Atha Energy. The project is situated approximately 58km from NexGen Energy’s Arrow deposit. The company utilizes a mix of traditional geophysics and a proprietary AI-driven targeting platform called "Matchstick TI" licensed from Haystack.

Read the original news release →

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