Homeland Uranium Corp. (TSXV: HLU) (“Homeland” or the “Company“) announces that field crews have mobilized to the Company’s Coyote Basin and Red Wash uranium projects in northwestern Colorado to commence the Phase 1 exploration program. The Phase 1 exploration program consists of 1:20,000 scale geological mapping, prospecting, rock sampling and a 1,545 line km (960 line-mile) UAV airborne magnetic survey. The Company has contracted the Axiom Exploration Group (“Axiom“) to provide the technical personnel required to conduct the program.
The objective of the Phase 1 program at Coyote Basin is to confirm the location of the known mineralized horizons in advance of the anticipated Phase 2 fall exploration program, which is planned to conduct confirmatory drilling designed to convert historical resources into a resource estimate consistent with NI 43-101 requirements. While the Company has acquired historical drilling data for the project, the location of historical drill holes and rock samples are not sufficiently accurate to commence the Phase 2 program without prior confirmation in the field.
The objective of the Phase 1 program at the Red Wash Project is to identify potential areas for follow-up exploration and to evaluate the uranium potential of the Urangesellschaft Uranium Showing. Historical work identified a uranium anomaly hosted in sandstone rocks that returned 350 ppm U3O8 that remains untested by drilling1.
On May 23, 2025, the White House issued several Executive Orders relating to nuclear energy with the aim of strengthening the domestic nuclear fuel cycle, streamlining environmental reviews, reforming the Nuclear Energy Commission, deploying advanced nuclear reactor technologies, and more. Homeland believes these Executive Orders have the potential to accelerate the Company’s exploration permitting process and project approvals should future development be warranted.
Roger Lemaitre, President & CEO, stated, “Homeland is excited to begin the process of evaluating the quality and potential of the Coyote Basin Project. The Phase 1 program will help us better focus our planned fall drilling program. Given the seismic shift in public acceptance of nuclear power, increasing concerns over energy security and sovereignty, rapidly growing demand for electricity spurred by the huge demand for clean, safe, baseload electricity to power the new AI infrastructure, and the recognition by the current US Administration’s Executive Orders to facilitate the rapid growth of American nuclear fuel cycle and expansion of nuclear generation capacity four-fold by 2050, the need for sizable US uranium deposits has never been so important. Homeland shareholders, through our ownership of the Coyote Basin Project, are well positioned to participate in the American nuclear renaissance.”
About Homeland Uranium Corp.
Homeland is a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is the 100% owner of the Coyote Basin and Red Wash uranium projects in northwestern Colorado.
The Coyote Basin Project is reported by Energy Metals Corporation in its Management Discussion and Analysis dated November 14, 2006 filed with the US Securities and Exchange Commission to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8 and 0.10% V2O5 totaling 35.4 million pounds of U3O8 and 17.7 million pounds of V205. This resource was calculated by the previous project operator, Western Mining Resources, based on a 1978-79 program of surface sampling, coring, drill hole chip sampling and gamma logging of 24 widely spaced holes.
The Company is not treating this historical resource as current mineral resources and the reader is cautioned not to rely on it. The reader is cautioned that a qualified person (as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“)) has not done sufficient work to classify the historical resource as current mineral resources or mineral reserves and the Company is not treating the historical resource as current mineral resources or mineral reserves. The Coyote Basin Project and any future NI 43-101 mineral resource estimate will require considerable further evaluation.
Continue reading at Homeland Uranium
