Discovery Of New Mineralized Zones At Kaycee Uranium Project

VANCOUVER - Nuclear Fuels Inc. reported the discovery of two new zones of roll front-hosted uranium mineralization at the Kaycee In-Situ Recovery (ISR) Uranium Project in Wyoming's Powder River Basin (PRB). Drill testing of regional targets on the Project encountered mineralization at the newly discovered Outpost and Trail Dust Zones, including 0.082% eU3O8 (uranium) over 6.5 feet for a total hole Grade Thickness (GT) of 0.532. In the PRB, potentially ISR-recoverable uranium mineralization with a GT of greater than 0.20 is considered suitable for inclusion in a potential wellfield. Follow up delineation drilling of these two new zones is planned for May 2025. In addition, Nuclear Fuels announces the Company has been added to the Sprott Junior Uranium Miners ETF.

At the Outpost Zone, drill hole LT24_050 returned 0.082% eU3O8 over 6.5 feet for a total GT of 0.532, beginning at a downhole depth of 767.0 feet; the best result to date in the Kaycee Project's regional exploration program. The roll front trend remains open and will be a primary focus when drilling resumes. 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. Drill hole LT24_004 was drilled approximately two miles to the southeast of holes LT24_037 and returned 0.029% eU3O8 over 3.0 feet for a total hole GT of 0.086. While lower grade than the other Trail Dust Zone holes located to the northwest, initial geological interpretation suggests the mineralization intersected in hole LT24_004 may represent the same roll front trend and testing of the approximately two-mile distance between these intercepts for additional zones of high grade mineralization will be a priority for the 2025 drill program.

Greg Huffman, Chief Executive Officer, said, "Nuclear Fuels' drill program was designed to test for new zones of uranium mineralization on the Kaycee Project and we are pleased that the program has discovered two new mineralized roll fronts. These discoveries, aided by the team's deepening understanding of the geology and mineralization, also highlight the strong potential of this area for further exploration and will serve as a launching point for the 2025 drill program. We are also honored to have recently been added to the Sprott Junior Uranium Miners ETF."