-- Xcite Uranium (XRI.CN) has "accepted" two dispositions recently acquired by staking in the Uranium City area, northern Saskatchewan, the company said on Monday.
The two dispositions fall within an Area of Mutual Interest (AMI) and as such, will become included in the Beaver River project, increasing the project size by 1469.7ha to a total of 4502.4ha, the company added, while noting the Beaver River uranium project located 40km SE of Uranium City, Saskatchewan, hosts near surface high grade uranium mineralization.
"Beaver River was one of the projects covered by a 2025 VTEM plus airborne geophysical survey carried out by Geotech Airborne Geophysical Surveys. "The survey results have been received and are being interpreted and modelled to identify addition target areas for 2026 fieldwork, leading to fall 2026 diamond drilling," the company said.
Shares of the company were last seen unchanged at $0.16 on the Canadian Securities Exchange.