The TSX Venture Exchange has accepted for filing documentation relating to a share purchase agreement dated March 11, 2025, between the company, Pendleton Lake Exploration Corp. and an arm's-length party. Pursuant to the terms of the agreement, the company has acquired all of the outstanding share capital of Pendleton Lake Exploration, a holding company that holds the rights to acquire mineral claims commonly known as the Pendleton Lake uranium project, which covers over approximately 415 hectares of land in Saskatchewan.

As total consideration, the company will issue 500,000 common shares of the company at a deemed price of 55 cents per share to the vendor. Pendleton Lake holds the right and option to acquire 100 per cent of the project, subject to a 1-per-cent royalty on net smelter returns, by completing aggregate exploration expenditures of $500,000 over the next five years.

For further information, refer to the company's news releases dated March 11, 2025, and March 31, 2025.