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Greenridge Exploration Inc ( (TSE:GXP) ) has shared an update.
Greenridge Exploration Inc. has announced plans, together with project operator Denison Mines, for a winter 2026 drilling campaign at the Hook-Carter Uranium Project in the southwestern Athabasca Basin, Saskatchewan, marking the first drilling on the property since 2019. Under a joint venture where Denison holds 80% and Greenridge 20% of the project, the partners secured an exploration permit allowing geophysical work and up to 40 drill holes through 2027, and intend to complete about 4,600 metres of diamond drilling across up to eight holes starting January 2026, targeting zones defined by recent high-resolution ground geophysics and historical results along the extension of the Patterson Lake, Carter, and Derksen structural corridors, which are considered highly prospective for high-grade uranium. The program reinforces Greenridge’s strategic positioning within a district that already hosts major uranium deposits and continues a multi-year investment by Denison in advancing Hook-Carter, with potential implications for resource discovery and value creation for the joint venture partners and their stakeholders, while operating from a temporary work camp and committing to ongoing collaboration with Indigenous communities in the region.
More about Greenridge Exploration Inc
Greenridge Exploration Inc. is a mineral exploration company focused on uranium assets, including a minority interest in the Hook-Carter Uranium Project in Saskatchewan’s Athabasca Basin. The company participates in joint ventures with larger sector players such as Denison Mines, targeting high-grade uranium discoveries along prolific structural corridors like the Patterson Lake Corridor, a region already hosting several significant uranium deposits.
Average Trading Volume: 66,196
Technical Sentiment Signal: Sell
Current Market Cap: C$17.77M
See more insights into GXP stock on TipRanks’ Stock Analysis page.