Nuclear Fuels Commences 2025 Kaycee Uranium Project Drill Program

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) (“Nuclear Fuels” or the “Company“) announces the commencement of its 2025 drilling program, with an initial plan for at least 100,000 feet, at the Kaycee Uranium Project (“the Project”) located in the Powder River Basin (“PRB”) of Wyoming. The regional drilling conducted in late 2024 successfully identified two new zones of roll front-hosted uranium mineralization. Notably, the Outpost and Trail Dust Zones were discovered during the late stages of the 2024 program, and the Company is excited to follow up on these promising new areas during the 2025 drill program.

Highlights from the 2024 Regional Exploration Program 

• Drill hole LT24_050 returned 0.082% eU₃O₈ over 6.5 feet for a total grade thickness (“GT”) of 0.532, beginning at a downhole depth of 767.0 feet at the Outpost Zone;
• At the Trail Dust Zone, located approximately 1.5 miles to the north of the Outpost Zone, drill hole LT24_037 returned 0.0553% eU₃O₈ over 5.5 feet for a total hole GT of 0.304, beginning at a downhole depth of 886.0 feet;
• The 2025 exploration program is now underway at the Project and will follow up on these results, as well as test other high priority targets;
• This fully-funded exploration program consists of an initial 100,000 feet of rotary mud drilling, with results to be reported at a similar cadence to the 2024 drill program.

“Our 2025 drill program is designed to build on the discovery of the Outpost Zone and further test the potential of the Kaycee Project,” said Greg Huffman, Chief Executive Officer. “This new zone of roll front-hosted uranium mineralization not only validates our geological model but also highlights the potential for further discoveries within this district. As we commence our 2025 drilling campaign, our priority is to delineate the extent of the Outpost Zone and assess its potential to contribute to future resources at Kaycee. We remain committed to advancing the Kaycee Project and delivering value to our shareholders through systematic exploration and development.”\

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