Global Uranium Corp. Signs Letter of Engagement with Big Rock Exploration to Advance Phase II Exploration at the Wyoming Group of Projects
March 06 2025 - 8:00AM
Global Uranium Corp. (CSE:
GURN |
OTC:
GURFF | FRA:
Q3J) (the
“
Company”) is pleased to announce that it has
signed a Letter of Engagement (“LOE”) with Big Rock Exploration LLC
("BRE") to commence Phase II exploration activities on the
Company's Wyoming Group of Projects. The engagement with BRE
represents the next step forward in refining exploration targets
across the Airline, Jeep, WAC, Big Bend, and Jabs properties,
located in key uranium districts within Wyoming.
Under the terms of the engagement, BRE will
develop an exploration framework by integrating historical data,
geologic mapping, and radiometric survey results to identify
high-priority drill targets. This initiative builds upon the
successful completion of Phase I, which involved GIS data
compilation, historical data review, and permitting assessments.
Phase II will focus on further delineating uranium-bearing
formations, improving project-level understanding, and preparing
for subsequent fieldwork.
"We are excited to continue advancing our
Wyoming uranium assets with the support of Big Rock Exploration,"
stated Ungad Chadda, CEO of Global Uranium. "Their technical
expertise and systematic approach to target development align well
with our exploration objectives, as we work towards testing for
economically viable uranium mineralization within our claim
holdings."
In addition to advancing the Wyoming assets,
Global Uranium and Forum Energy are continuing to ramp up
activities at the Northwest Athabasca (NWA) Joint Venture Project
in northern Saskatchewan. Mobilization efforts are progressing,
with core infrastructure recently delivered to the project site.
Camp construction is well underway, and the final preparations for
drilling are being completed. Geological teams are expected to
arrive on-site by the end of the month to finalize drill pad
layouts, assess terrain conditions, and prepare for drilling
operations. Initial geophysical surveys are scheduled to begin in
early March, with drilling expected to commence shortly thereafter.
The first drill holes are planned to focus on previously identified
high-priority targets within Zone 2A, leveraging existing road
access for logistical efficiency.
Global Uranium remains committed to executing
its exploration strategy across both the Wyoming and NWA projects.
Further updates will be provided as exploration activities
progress.
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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