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The latest announcement is out from Purepoint Uranium ( (TSE:PTU) ).
Purepoint Uranium has launched its 2026 winter drilling campaign at the Dorado Project in Saskatchewan, targeting expansion of the high-grade Nova Uranium Discovery made in 2025 under its joint venture with IsoEnergy. The program will comprise up to 10 drill holes totaling about 4,300 metres, focusing on systematic step-outs along an 800-metre strike corridor between key prior holes where mineralization remains open along strike and at depth. This marks the first phase of a broader 2026 exploration effort that will also include district-scale summer drilling and geophysical work, notably an airborne magnetotellurics survey, aimed at testing additional high-priority uranium targets across the large Dorado land package. The initiative underscores the partners’ confidence in Nova’s growth potential and positions Dorado as a central platform for delineating a potentially significant uranium resource in the eastern Athabasca Basin, with implications for the company’s long-term exploration pipeline and regional uranium supply prospects.
The most recent analyst rating on (TSE:PTU) stock is a Hold with a C$0.67 price target. To see the full list of analyst forecasts on Purepoint Uranium stock, see the TSE:PTU Stock Forecast page.
Spark’s Take on TSE:PTU Stock
According to Spark, TipRanks’ AI Analyst, TSE:PTU is a Neutral.
The score is held down primarily by weak financial performance typical of a pre-revenue explorer (ongoing losses and cash burn). This is partially offset by a strong technical setup (price above major moving averages with positive MACD) and a low-debt balance sheet, while valuation remains pressured by negative earnings and no dividend support.
To see Spark’s full report on TSE:PTU stock, click here.
More about Purepoint Uranium
Purepoint Uranium Group Inc. is a uranium exploration company focused on high-grade discoveries in Canada’s Athabasca Basin, operating through joint ventures such as its 50/50 partnership with IsoEnergy Ltd. The flagship Dorado Project spans more than 98,000 hectares of prospective ground underlain by graphitic lithologies and fault structures favourable for high-grade uranium, with shallow unconformity depths that support relatively efficient, rapid follow-up drilling campaigns.
Average Trading Volume: 152,447
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$55.43M
For an in-depth examination of PTU stock, go to TipRanks’ Overview page.