Purepointuranium Stock Price, News & Analysis

IsoEnergy (NYSE: ISOU) and Purepoint Uranium (OTCQB: PTUUF) have announced a significant uranium discovery at their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. Initial drilling at the Q48 target has intersected uranium mineralization in two holes, with impressive downhole gamma probe readings reaching up to 79,800 counts per second (CPS).

The discovery includes drillholes PG25-04 and PG25-05, which intercepted a steeply dipping, north-south trending mineralized structure at depths of 60 and 20 meters below the unconformity. PG25-04 showed radioactivity readings averaging 11,050 cps over 3.7 metres, while PG25-05 recorded 27,750 cps over 2.3 metres. The mineralization is hosted within strongly clay-altered basement rocks, indicating a uranium-bearing hydrothermal system.

The company plans to complete approximately 5,400 metres in 18 drill holes for the Project in 2025, with a third follow-up hole currently underway to track the mineralized structure along the Q48 conductive corridor.

Purepoint Uranium Group (OTCQB: PTUUF) shareholders have approved an amendment to the company's Omnibus Equity Incentive Compensation Plan at their annual meeting on May 28, 2025. The amendment increases the number of common shares reserved for restricted share units (RSUs) and performance share units (PSUs) from 3,688,894 to 6,426,776 shares, representing 10% of the company's outstanding shares. The amended plan includes a 10% "rolling" option plan and a fixed plan for RSUs and PSUs allocation.

Purepoint Uranium Group is initiating a summer uranium drill program at its Dorado Project in Saskatchewan's eastern Athabasca Basin. The program, scheduled to begin May 26, 2025, will cover 5,400 metres across 18 holes. The Dorado Project encompasses over 150 kilometres of EM conductors within the Dorado Graphitic Domain, which is part of the Larocque Trend. This area is notably close to IsoEnergy's Hurricane Deposit, which holds 48.6 million pounds at 34.5% U₃O₈, recognized as the world's highest-grade indicated uranium resource. Initial drilling will focus on the southern project area along the Q2 conductor, targeting zones near historic drill holes HL-50 and HL-76, which previously yielded promising results including 2.3% U₃O₈ over 0.6 metres and 0.65% U₃O₈ over 0.1 metres respectively.

Purepoint Uranium has released its Q2 2025 exploration update, highlighting significant progress across multiple uranium projects in Canada's Athabasca Basin.

Key developments include:

• Smart Lake JV with Cameco: Currently drilling 4 holes totaling 1,400 metres, targeting conductors in the Groomes Lake corridor
• Dorado JV with IsoEnergy: Planned 6,100-metre drilling program across 17 holes, testing graphitic conductors around a central granitic dome
• Aurora JV with IsoEnergy: Airborne survey at Collins Bay Extension deferred to summer 2025
• Celeste JV with IsoEnergy: Permits secured for Block East region, with initial drilling planned for late Q3
• Denare West with Foran Mining: VTEM Max survey completed, identifying conductive anomalies near McIlvenna Bay deposit under $19M option agreement
• Tabbernor Project: Defined three priority zones through FALCON gravity survey, with 2025 exploration permits received

The company continues to advance its uranium portfolio through strategic partnerships and systematic exploration programs.

Purepoint Uranium Group (TSXV: PTU, OTCQB: PTUUF) has initiated its first-pass drill program at the Smart Lake Joint Venture project in Saskatchewan's Athabasca Basin. The program includes 4 diamond drill holes totaling 1,400 metres, targeting the Groomes Lake Conductive Corridor.

The project, a joint venture between Cameco (73%) and Purepoint (27%), is located 60 km south of the former Cluff Lake uranium mine. The 2024 ground electromagnetic survey identified three discrete, parallel EM conductors extending over 2.2 kilometers, positioned approximately 100 metres apart within a magnetic low response.

Previous drilling at Smart Lake showed promising results, with drill hole SMT08-05 returning 147 ppm U over 15.4 metres from a hematite breccia and faulted sheared zone. The conductors continue westward onto NexGen's neighbouring SW1 Project for an additional 2 kilometres, presenting potential for an 'Arrow'-style discovery.

Purepoint Uranium Group (TSXV: PTU) (OTCQB: PTUUF) has announced results from its airborne FALCON gravity survey at the Tabbernor Project, covering 81,817 hectares near Saskatchewan's Athabasca Basin. The survey identified three high-priority exploration zones showing favorable indicators for uranium mineralization, including gravity low anomalies and complex structural features.

The project has revealed over 70 kilometers of EM conductors, with the Central Conductive Trend spanning 57 kilometers as the primary exploration target. The area marks a important geological transition zone from granitic to sedimentary rocks, controlled by the Tabbernor Fault System, a 1,500-kilometer crustal shear system linked to major uranium deposits.

Summer 2025 exploration plans include prospecting, boulder sampling, and soil geochemistry, followed by ground geophysics and diamond drilling. The project is strategically located 40 kilometers south of Cameco's Eagle Point deposit and comprises 35 contiguous mineral claims.

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.