Xcite Uraniums (XRI.CN) on Thursday said initial geophysical results from a 2025 VTEM Plus airborne geophysical survey have defined prospective geophysical trends at the Don Lake and Smitty uranium projects in Saskatchewan.
An additional high conductivity feature in the western part of the Smitty property, which is also prospective, will be evaluated during the summer 2026 field program, the company said.
Advanced geophysical interpretation and modeling is nearing completion and will assist in prioritizing areas for summer fieldwork and targeting drill holes later this year.
The Don Lake and Smitty uranium project host near surface uranium mineralization and past producing uranium mines.
Xcite shares were last seen up $0.005 to $0.20 on the Canadian Securities Exchange.
Price: $0.20, Change: $+0.01, Percent Change: +2.56%