PUREPOINT URANIUM GROUP - PTUUF STOCK NEWS

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.

Purepoint Uranium announced significant advancements in its Turnor Lake project, located in Northern Saskatchewan’s Athabasca Basin. After nearly 15 years since the last major drilling, a new comprehensive geological and geophysical approach is being employed to revitalize the project, aiming for a major uranium discovery. Covering 9,705 hectares, the project is integrated with historical high-grade deposits and current advanced drilling insights.

Key efforts include collaboration with Condor North Consulting to assess historic geophysical surveys and develop new geological interpretations using advanced 3D modeling techniques. The objectives are to refine targeting of prospective zones, identify fault zones, and enhance the precision of locating potential uranium deposits.

Recent exploration efforts have been promising, leveraging rising uranium prices and improved exploration technology. The ongoing drill program aims to consolidate data and demonstrate Turnor Lake’s potential as a significant uranium contributor.

Purepoint Uranium Group Inc. Launches Strategic Drill Program at Turnor Lake Project Targeting the La Rocque Structural Corridor - Purepoint Uranium Group Inc. (PTUUF) has announced the commencement of a comprehensive drill program at their 100%-owned Turnor Lake Project, specifically targeting the La Rocque Structural Corridor known for hosting high-grade uranium deposits. The company aims to explore priority targets along this geological feature with the goal of uncovering substantial uranium mineralization akin to neighboring high-grade finds. The project entails approximately 5,000 meters of helicopter-supported diamond drilling over 12 to 15 strategically placed holes, with drilling activities scheduled to commence later in the week. More detailed project insights can be accessed in the Company's 2023 Portfolio Handbook.