Purepointuranium - PTUUF STOCK NEWS

Purepoint Uranium Group has announced refined high-priority drill targets at the Smart Lake Joint Venture project, where drilling is scheduled to begin in mid-March. The project is a joint venture between Cameco (73%) and Purepoint (27%) in Saskatchewan's Southwest Athabasca Basin.

Recent electromagnetic surveys conducted in late 2024 covered 31.5 line-kilometres across 19 loops, identifying three discrete parallel EM conductors approximately 100 metres apart extending over 2.2 kilometers. These represent highly prospective drill targets.

The 2025 drill program follows up on previous results from 2008, where drill hole SMT08-05 returned 147 ppm U over 15.4 metres from a hematite breccia and sheared fault zone. The upcoming program will focus on the northern Groomes Lake area, where geophysical data has defined multiple conductors in a structurally complex setting.

Purepoint Uranium Group has announced the completion of an airborne electromagnetic survey (VTEM Max) at their Denare West VMS project in Saskatchewan. The project, located 9 kilometers southeast of Foran's McIlvenna Bay Cu-Zn-Au deposit, is being operated by Foran Mining under a $19 million option agreement.

The survey aims to prioritize exploration target areas within the 21,066-hectare project. The Denare West property is strategically positioned near the McIlvenna Bay deposit, which has indicated resources of 39Mt grading at 2.04% copper equivalent. The initial survey results are provided as Tau, highlighting prospective conductive rocks that will help refine the location of historical EM conductors.

Under the option agreement, Foran can earn up to 100% interest through staged investments: 51% by spending $3 million over four years, an additional 29% with $3 million over two years, and the final 20% for $10 million plus a 2% Net Smelter Royalty. If Foran doesn't acquire full interest, the parties will form a joint venture until completing a pre-feasibility study.

IsoEnergy and Purepoint Uranium Group have announced their 2025 exploration program with a $5 million budget for their new 50/50 joint venture. The venture covers 98,000 hectares across three main areas in Saskatchewan's eastern Athabasca Basin: Dorado Project, Aurora Project, and Celeste Block.

The Dorado Project, positioned along the Larocque conductive corridor, will be the primary focus with planned drilling of 5,400 metres across 18 holes. Historical drilling at Geiger revealed high-grade uranium mineralization of 2.74% U₃O₈ over 1.2 metres. The Aurora Project will undergo airborne geophysical surveys, while the Celeste Block is scheduled for 800 metres of drilling across 4 holes.

The joint venture consolidates 10 uranium projects, with the Dorado Project featuring shallow vertical depth to unconformity ranging from 27 to 133 metres. Geiger property contains 20 kilometers of graphitic conductors with significant untested gaps up to 1,000 metres.

Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) has provided updates on its exploration activities across multiple projects in Canada's Athabasca Basin. At the Smart Lake Joint Venture with Cameco, a TEM survey was completed in December, with data interpretation pending. Diamond drilling at the Groomes Lake conductor is planned for late March.

The Hook Lake Joint Venture with Cameco and Orano will focus on follow-up drilling at the Lightning Zone discovery and testing NexGen Energy's Patterson East trend extension. The IsoEnergy Joint Venture expects to commence drilling in Q2 2025, with a NI 43-101 technical report on the Geiger project due in the same quarter.

At Denare West, Foran Mining conducted a VTEM plus survey to investigate links to their McIlvenna Bay deposit. The Tabbernor Project completed a 7,549 line-km FALCON gravity survey in 2024. Additionally, the company has approved 1,275,000 options at $0.30 per share with a five-year expiry for its board, management, and staff.

IsoEnergy (ISENF) has exercised its put option to establish a 50/50 ownership structure in its joint venture with Purepoint Uranium Group. The transaction involves Purepoint acquiring 10% of IsoEnergy's JV interest in exchange for 4 million shares. The partnership covers 10 uranium projects spanning 98,000 hectares in the eastern Athabasca Basin.

The deal increases IsoEnergy's ownership in Purepoint to 11.41% (non-diluted) and 15.78% (partially diluted). IsoEnergy now holds 7,333,334 PTU Shares and 3,333,334 warrants. The company's equity portfolio, valued at approximately $40 million, includes positions in various uranium companies.

The joint venture includes notable projects like Hook Lake JV with Cameco and Orano, where previous drilling returned 10.3% U₃O₈ over 10.0 metres, and Smart Lake JV with Cameco, where drilling intersected 15.4 meters of 147 ppm U.

IsoEnergy has exercised its put option to strengthen its partnership with Purepoint Uranium Group, establishing a balanced 50/50 ownership structure in their joint venture covering 10 uranium projects in the Athabasca Basin. Under the agreement, Purepoint acquires 10% of IsoEnergy's JV interest in exchange for 4 million shares, increasing IsoEnergy's ownership in Purepoint to 11.41% (non-diluted) and 15.78% (partially diluted).

The partnership encompasses several strategic projects, including the Hook Lake Joint Venture with Cameco and Orano, where previous drilling revealed 10.3% U₃O₈ over 10.0 metres, and the Smart Lake Joint Venture with Cameco, which has shown promising uranium mineralization. IsoEnergy's equity portfolio, including positions in various uranium companies, is now valued at approximately $40 million.

IsoEnergy and Purepoint Uranium have completed their joint venture, consolidating 10 uranium projects covering over 98,000 hectares in Saskatchewan's eastern Athabasca Basin. The initial ownership structure is 60% IsoEnergy and 40% Purepoint, with options to adjust to a 50/50 split through put/call options exchangeable for 4 million Purepoint shares. IsoEnergy can later purchase an additional 1% interest for $2 million.

Purepoint will operate during exploration, while IsoEnergy will control pre-development stages. The partnership focuses on properties along the Larocque Trend, known for high-grade uranium discoveries. Any ownership interest reduced to 10% or less converts to a 2% net smelter royalty.

IsoEnergy and Purepoint Uranium have formed a joint venture to explore and develop uranium properties in Saskatchewan's Athabasca Basin. The venture includes 10 projects covering over 98,000 hectares in the eastern basin. Key highlights:

1. IsoEnergy will hold a 60% initial interest, Purepoint 40%.
2. The portfolio includes properties along the Larocque Trend, a proven corridor for uranium mineralization.
3. IsoEnergy will invest $1 million in Purepoint's concurrent equity financing.
4. Purepoint will operate during exploration; IsoEnergy takes over in pre-development.
5. Purepoint plans a 10:1 share consolidation and a $2 million private placement.

The joint venture aims to leverage both companies' expertise and accelerate discoveries in the region.

Purepoint Uranium announced the completion of geophysical surveys at its Russell South project and the commencement of new surveys at Tabbernor and Smart Lake. The Russell South project saw a VTEM plus survey by Geotech and a MobileMT survey by Expert Geophysics , with final interpretations pending. The Tabbernor project began an extensive airborne gravity gradiometer, gravity, and magnetic survey by Xcalibur, covering 7,549 line-km. The Smart Lake project's survey, rescheduled due to weather, will be completed before year-end by Discovery Geophysics, focusing on the Groomes Lake conductor. These efforts aim to refine subsurface geology understanding and identify high-priority drill targets.