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An update from Stearman Resources, Inc. ( (TSE:STMN) ) is now available.
UraniumX Discovery Corp. has begun a ground geophysical Moving Loop Electromagnetic survey at its Murphy Lake property in the northeastern Athabasca Basin, 5 km south of IsoEnergy’s Hurricane uranium deposit and near Cameco’s La Rocque Lake zone. The work, operated by F4 Uranium and fully funded by UraniumX under an option agreement, aims to refine drill targets between two known conductor corridors ahead of a planned spring 2026 drilling campaign.
The program builds on F4’s 2022 drilling, which confirmed a favorable unconformity-hosted uranium setting with notable but early-stage uranium mineralization and alteration, suggesting a mineralizing system with strike extent. UraniumX plans to integrate the new MLEM data with existing geophysical, geochemical, and drill results into a refined 3D model to finalize drill collar locations, while also issuing 1.5 million restricted share units to consultants as part of its equity incentive plan.
More about Stearman Resources, Inc.
UraniumX Discovery Corp. is a uranium exploration company focused on Saskatchewan’s Athabasca Basin, one of the world’s premier uranium districts. The company advances early-stage properties through geophysical surveys and drilling, targeting high-grade unconformity-style uranium deposits near established resources and zones operated by larger uranium players.
Average Trading Volume: 331,130
Technical Sentiment Signal: Buy
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