Completion Of Initial Evaluation Of The Green River Project

VANCOUVER – Urano Energy Corp. reported on the completion of its initial evaluation of the Green River Uranium Project in Emery County, Utah. The assessment, based on detailed historical data from Atlas Corp., confirms a significant historical uranium inventory and identifies multiple high-priority areas for follow-up exploration.
An independent consulting mining engineer to Atlas Corp. estimated historical resources of 247,711 lbs. U₃O₈ grading 0.13%, along with additional historical resources of approximately 1.4 million lbs. U₃O₈ at 0.13%1 using USGS classification terminology “indicated reserve” and “inferred reserve” respectively applicable at that time. The Green River Project benefits from an active Small Mining Operations permit, extensive underground mine maps, and Atlas drill logs, providing Urano with a strong foundation for expansion and validation.
“The addition of these drilled-out historical uranium resources represents a real asset for Urano,” said Jason Bagg, Chief Executive Officer. “As we continue analyzing our database of uranium properties across Utah and Colorado, we expect to significantly grow our historical uranium inventory. The Green River project alongside our other Atlas-era holdings offers excellent potential to identify and upgrade historical estimates to NI 43-101 mineral resource standards over the coming quarters.”