Global Uranium Provides Update on the Northwest Athabasca Joint Venture Project Drilling Program
February 24 2025 - 8:00AM
Global Uranium Corp. (CSE:
GURN |
OTC:
GURFF | FRA:
Q3J) (the
“
Company”) is pleased to provide an update on its
drilling program at the Northwest Athabasca (“NWA”) Project, a
joint venture with the operator Forum Energy Corp. (the
“Operator”), located in northern Saskatchewan. Mobilization efforts
are advancing, and the Company remains on track to commence
drilling in early March.
The project site is progressing efficiently,
with the team actively managing logistics to ensure smooth
operations. The Operator has arranged air transport for personnel
and key materials, with the first flight set to arrive in a few
days. Heavier equipment and additional supplies will be delivered
as needed. On-site preparation is advancing well, with a strong
focus on establishing the airstrip and camp to support ongoing
operations. Strategic planning is in place to maintain steady
progress, keeping the drilling program on track and moving forward
successfully.
The Company has refined its drilling targets
based on recently reprocessed geophysical data. The first drill
target is readily accessible, and additional geophysical survey
results are expected to further enhance targeting. A resistivity
survey contract is currently being finalized, with data collection
expected to take approximately 2-to-3 weeks. Drilling operations
are anticipated to begin in early-March, weather permitting.
“We are pleased with the steady progress at the
Northwest Athabasca Project as we move toward the launch of our
winter drill program. The team has done an excellent job managing
logistics and ensuring a smooth mobilization process, keeping us on
track to begin drilling in early March,” said, Ungad Chadda, CEO of
Global Uranium. “Refining our drill targets based on reprocessed
geophysical data has further strengthened our approach, and we are
confident that the upcoming resistivity survey will provide
additional valuable insights.”
With mobilization progressing and key logistical
challenges being addressed, the NWA Project is well-positioned for
the winter drill program. The Company looks forward to updating
investors as drilling commences and further exploration results
become available.
Qualified PersonJared Suchan,
Ph.D., P.Geo., Global Uranium’s Vice President of Exploration and
Qualified Person under National Instrument 43-101, has reviewed and
approved the contents of this news release.
About Global Uranium Corp.
Global Uranium Corp. focuses on exploring and
developing uranium assets primarily in North America. The Company
currently holds key uranium projects: the Wing Lake Property in the
Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest
Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen
Energy Ltd. in the Northwest Athabasca region of Saskatchewan,
Canada; and the Great Divide Basin District Projects, the Gas Hills
District Projects, and the Copper Mountain District Projects in
Wyoming, USA.
On Behalf of The Management
Team
Ungad
ChaddaCEO587-330-0045info@globaluranium.com
Forward-Looking Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current belief or assumptions as to the outcome and timing of such
future events. In particular, this press release contains
forward-looking information relating to, among other things, the
intention to continue exploration efforts on the Project with the
aim of further unlocking the Project’s potential; and the
expectation that natural attenuation will allow the site to recover
without further action.
Although forward-looking information is based on
the reasonable assumptions of the Company’s management, there can
be no assurance that any forward-looking information will prove to
be accurate. Forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information. Such factors include
the risk that exploration of the Project may not continue, whether
as a result of a lack of financial resources, a failure to receive
the requisite permits or approvals, the discretion of management of
the joint venture or otherwise; the risk that exploration of the
Project will not progress as currently contemplated and, that, even
if exploration does proceed as anticipated, such exploration
activities may not achieve their anticipated outcomes; risks
inherent in the exploration and development of mineral projects,
including risks relating to receiving requisite permits and
approvals, changes in project parameters or delays as plans
continue to be redefined, that mineral exploration is inherently
uncertain and that the results of mineral exploration may not be
indicative of the actual geology or mineralization of a project;
the risk that mineral exploration may be unsuccessful or fail to
achieve the results anticipated by the Company; risks related to
joint ventures and the other risks and factors identified by the
Company in its continuous disclosure filings, filed on the
Company’s SEDAR+ profile at www.sedarplus.ca.
The forward-looking information contained in
this release is made as of the date hereof, and the Company is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
The Canadian Securities Exchange has not
reviewed, approved, or disapproved the contents of this press
release.
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