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UraniumX Discovery Deploys C$3.8 Million on Athabasca Basin Projects

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UraniumX Discovery (STMN.CN) said Friday after trade it deployed C$3.83-million cash towards its mineral property portfolio in the nine months ended May 31.

The 2026 Murphy Lake diamond drill program in the Athabasca Basin was expanded from the initial target of 2,500 meters to 4,092 meters across nine holes. Anomalous radioactivity was intersected in five of the six target areas tested, defining two prospective trends, a statement said.

The Murphy Lake South Trend has also been extended to 1.3 kilometers of strike length and assay results are pending. UraniumX said it expended C$2.6 million towards Murphy Lake.

The remainder was directed towards Zoo Bay, which is in the northeastern edge of Saskatchewan's Athabasca Basin, the company said.

UraniumX shares closed up C$0.005 to C$0.07 on the Canadian Securities Exchange.

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