This is One of the Most Substantial Catalysts for Uranium Stocks June 10, 2025 - Baystreet.ca Uranium companies like Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF), Uranium Energy Corp. (NYSE: UEC), Denison Mines (NYSE: DNN) (TSX: DML), Cameco Corp. (NYSE: CCJ) (TSX: CCO), and NexGen Energy (TSX: NXE) (NYSE: NXE) could see robust demand for uranium. After all, the Trump Administration said it wants to quadruple the nation’s nuclear energy capacity to 400 gigawatts from 100 GW by 2050. In fact, “In order to meet the U.S. government’s nuclear-energy-capacity goal, it would need to quadruple the nation’s current demand of around 45 million pounds of U3O8 — uranium concentrate — to roughly 180 million pounds each year, said Jonathan Hinze, president at UxC, a nuclear-fuel market information and analysis firm,” as noted by MarketWatch.com. Plus, as noted by Amir Adnani, UEC President and CEO, stated: “These Executive Orders send the strongest signal yet that energy security and national security start with a robust domestic uranium supply chain. As the U.S. continues to import nearly all of its nuclear fuel amid a growing global supply deficit, the Administration is positioning the nation to lead the next era of global nuclear development by rebuilding a vertically integrated fuel cycle and investing in domestic uranium production.” We also have to consider that “Major tech companies, including Microsoft, Google and Amazon, are investing in nuclear energy, including Microsoft’s deal to restart the Three Mile Island reactor, to meet the rising energy demands for AI data centers,” according to Sprott.com. “Global uranium supply remains insufficient to meet current and projected reactor needs, with mine production falling short…” Look at Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF), For Example Skyharbour Resources announced the remaining assay results from its late 2024 diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, which totaled 2,759 metres in nine holes. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. A highlight from this program was from hole ML24-15, which intersected 6.4 metres of 1.50% U3O8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U3O8 over 1.5 metres. Hole ML24-15 was drilled well outside the known footprint of the high-grade Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast representing one of the most consequential expansion drill holes at the Project. Skyharbour plans to continue advancing Moore through additional drilling this summer, alongside the fully-funded multi-phased drill programs at the Company’s adjacent Russell Lake Uranium Project.Moore Uranium Project Claims Map:https://skyharbourltd.com/_resources/images/Sky_MooreLake.jpg?v=1 Jordan Trimble, President and CEO of Skyharbour Resources, stated: “Drill hole ML24-15 represents a significant development at the Moore Project as it extends the high-grade Maverick East Zone over 40 metres to the northeast. The drill result demonstrates the high-grade, shallow nature of uranium mineralization and opens up the area to additional drilling and potential resource expansion. We are preparing for another phase of low-cost drilling this summer at Moore to further delineate the numerous high-grade zones of uranium on the Maverick Corridor, and we also plan to test prospective regional targets that have had limited drill-testing historically. Furthermore, our ongoing drilling is progressing very well at our co-flagship and adjacent Russell Lake project with additional news forthcoming from both projects.” Highlights: - Hole ML24-15 intersected 6.4 metres of 1.50% U3O8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U3O8 over 1.5 metres. - Notably, the hole was drilled well outside the known footprint of the Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast. This illustrates the strong expansion potential at the high-grade zones. - Preparation is underway for a fully-funded 4,500 – 5,000 metre summer drill program at Moore focused at Main Maverick and Maverick East Zones as well as high-priority regional targets. - Ongoing first phase of drilling consisting of a minimum of 5,000 metres at the Russell Lake Project, focusing on the newly discovered Fork Zone, which has high-grade uranium mineralization hosted at the unconformity, as well as testing other newly identified high-priority targets at the Fox Lake Trail and Sphinx targets. - In total, the company is planning to drill between 16,000 – 18,000 metres across the Russell and Moore projects this year and is fully funded and permitted to do so. Summary of 2024 Drilling Campaign at Moore: The phase of drilling on the Moore Project later in 2024 totalled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone. The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U3O8 successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.Moore Uranium Project Regional Grid Targets Map:http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg Four exploration holes totalling 1,195 metres were drilled in and around the Main Maverick Zone to expand the shallow high-grade mineralized zone. All of these holes were drilled vertically and intersected significant uranium mineralization at the unconformity, centred around 265 metres to 275 metres downhole depth. The majority of the high-grade uranium mineralization at the Main Maverick Zone is sandstone-hosted, situated at or just above the unconformity. Hole ML24-11 intersected 0.76% U3O8 over 1.0 m starting at 268.0 m depth, including 1.09% U3O8 over 0.5 m, and 0.40% U3O8 over 0.5 m at 285.0 m. Hole ML24-12 intersected 0.21% U3O8 over 1.0 m starting at 268.0 m depth. Hole ML24-18 intersected 0.10% U3O8 over 5.5 m starting at 271.0 m.Main Maverick Zone Drilling Map:https://www.skyharbourltd.com/_resources/news/Maverick_Main_2024.jpg An additional five exploration holes, totalling 1,564 metres, were drilled in and around the Maverick East Zone to connect mineralization with Main Maverick and to expand mineralization east along strike. Four of these holes were drilled vertically, and one oriented hole was drilled to obtain structural measurements. Much like at Main Maverick, mineralization is concentrated directly above the unconformity, between 260 metres and 285 metres. Hole ML24-13 intersected 0.14% U3O8 over 6.4 m starting at 268.5 m, including 0.63% U3O8 over 1.0 m at 269.0 m, and 0.30% U3O8 over 1.0 m at 273.9 m. Hole ML24-14 intersected 0.04% U3O8 over 1.0 m starting at 287.2 m. Hole ML24-15 intersected 1.50% U3O8 over 6.4 m starting at 275.0 m depth, including 4.74% U3O8 over 1.5 m. Hole ML24-16 intersected 0.10% U3O8 over 0.5 m starting at 314.0 m. Hole ML24-17 intersected 0.16% U3O8 over 3.0 m starting at 274.0 m depth.Maverick East Zone Drilling Map:https://www.skyharbourltd.com/_resources/news/Maverick_East_2024.jpg In addition to the assay results reported here, previously reported drill results from the first phase of drilling earlier in 2024 included notable high-grade intercepts at Moore. Highlight drill hole ML24-08 intersected 5.0 metres of 4.61% U3O8 between 265.5 metres and 270.5 metres depth including 3.0 metres of 7.30% U3O8 between 266.0 metres to 269.0 metres depth at the Main Maverick Zone. Another notable hole was ML 24-03, which intersected a broad interval of mineralization grading 1.11% U3O8 over 11.5 metres between 266.8 metres to 278.3 metres depth, including 5.87% U3O8 over 2.0 metres (see news release dated July 11th, 2024). 2025 Summer and Fall Drilling Plans: Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones. Both of these high-grade zones are open along strike and at depth, with little historical drilling testing the underlying basement rocks. Furthermore, Skyharbour plans to test regional targets at Moore that have been further refined with modern geophysics and new geological modelling. This drilling will take place in conjunction with the multi-phased drilling campaign this year at the adjacent Russell Lake Project. Both drilling programs will be run using the Company’s McGowan Lake camp on Highway 914 as a base of operations, making exploration at both properties very cost-effective. In total, the company plans to drill 16,000 - 18,000 metres in 35 - 45 drill holes across the projects in 2025. Moore Uranium Project Overview: In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has since fulfilled its earn-in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity-hosted uranium mineralization was discovered on the Moore Project at the Maverick Zone with historical drill highlights consisting of 4.03% eU3O8 over 10 metres, including 20% eU3O8 over 1.4 metres, in ML-161. In 2017, Skyharbour announced drill results of 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres, in hole ML-199. In addition to the Main and East Maverick Zones, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well.Moore Lake Uranium Project Geophysics Map:http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg Other related developments from around the markets include: Uranium Energy applauds the sweeping Executive Orders issued by President Donald J. Trump to revitalize the U.S. nuclear sector and restore domestic control over the uranium fuel cycle. The directives establish a national energy policy that invokes the Defense Production Act accelerates reactor deployment, and tasks the DOE with rebuilding America’s front-to-back nuclear fuel supply infrastructure. Amir Adnani, UEC President and CEO, stated: “We applaud the U.S. government’s decisive action to revitalize the domestic nuclear industry. These Executive Orders send the strongest signal yet that energy security and national security start with a robust domestic uranium supply chain. As the U.S. continues to import nearly all of its nuclear fuel amid a growing global supply deficit, the Administration is positioning the nation to lead the next era of global nuclear development by rebuilding a vertically integrated fuel cycle and investing in domestic uranium production. UEC is ready to support this transformation with secure, reliable, and 100% domestic uranium supply to power the future.” Denison Mines’ David Cates, President and CEO of Denison commented, "With the Canadian Nuclear Safety Commission announcing in Q1'2025 the scheduling of a public hearing for our flagship Phoenix In-Situ Recovery ('ISR') project in late 2025, our focus for the remainder of the year has shifted to completion of the detailed design engineering phase and advancement of construction planning and procurement efforts. Our plans are designed to put us in a position to start construction in early 2026, following anticipated regulatory approvals. Based on this timeline, we expect to be able to maintain our previous guidance of first production from Phoenix by mid-2028, which would make Phoenix the first new large-scale uranium mine in northern Saskatchewan since the Cigar Lake mine was commissioned in 2014. By the end of Q1'2025, we have achieved approximately 75% completion of total engineering for Phoenix, and we have already funded over $7 million and committed a further $67 million for long-lead capital purchases. With 2.2 million pounds U3O8 in physical uranium holdings on hand, a strong cash balance, and no debt, Denison remains in an enviable financial position – able to fund both (i) our pre-Final Investment Decision ('FID') investments in Phoenix and (ii) important potential future growth initiatives. Cameco reports an expected increase of approximately $170 million (US) in our 49% equity share of Westinghouse Electric Company’s (Westinghouse) 2025 second quarter and annual adjusted EBITDA. The expected increase is tied to Westinghouse’s participation in the construction project for two nuclear reactors at the Dukovany power plant in the Czech Republic. This expected increase will be taken into consideration in determining the 2025 distribution payable by Westinghouse to Cameco. In addition to the increase in adjusted EBITDA in 2025, we expect significant financial benefits for Westinghouse, as a subcontractor, over the term of the Dukovany construction project and related to the provision of the fuel fabrication services required for both reactors for a specified period. The outlook for Westinghouse’s compound annual growth rate for adjusted EBITDA remains 6% to 10% over the next five years, excluding the impact of the expected $170 million (US) increase in its 2025 adjusted EBITDA. NexGen Energy announced the Company's best discovery phase assay results, with 15.0 meters (m) at 15.9% U3O8, including a peak intercept of 0.5 m at an exceptional 68.8% U3O8, in drillhole RK-25-232. Included within this phenomenal intercept is 3.0 m at 47.8% U3O8 and 1.5 m at 29.4% U3O8. This result ranks among the highest-grade basement hosted uranium vein intercepts in the world. Assay results from two of the best holes drilled to date at PCE, RK-24-222 and RK-25-232, indicate intense high-grade mineralization 200 m apart (Figures 1 and 2, Tables 1 and 2), confirming scale and continuity early in the discovery phase. Winter activity since the last update continued to build momentum, adding 9 new intersections of off-scale (>61,000 cps) mineralization, bringing the total to 13 high-grade intercepts and reinforce confidence in the materiality of this emerging mineralization. Since discovery (see March 11, 2024, news release), 64 drillholes totalling 47,425.9 m have been completed, with 35 intersecting mineralization that remains open in most directions. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Skyharbour Resources Ltd. by Skyharbour Resources Ltd. We own ZERO shares of Skyharbour Resources Ltd. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]
This is One of the Most Substantial Catalysts for Uranium Stocks June 10, 2025 - Baystreet.ca Uranium companies like Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF), Uranium Energy Corp. (NYSE: UEC), Denison Mines (NYSE: DNN) (TSX: DML), Cameco Corp. (NYSE: CCJ) (TSX: CCO), and NexGen Energy (TSX: NXE) (NYSE: NXE) could see robust demand for uranium. After all, the Trump Administration said it wants to quadruple the nation’s nuclear energy capacity to 400 gigawatts from 100 GW by 2050. In fact, “In order to meet the U.S. government’s nuclear-energy-capacity goal, it would need to quadruple the nation’s current demand of around 45 million pounds of U3O8 — uranium concentrate — to roughly 180 million pounds each year, said Jonathan Hinze, president at UxC, a nuclear-fuel market information and analysis firm,” as noted by MarketWatch.com. Plus, as noted by Amir Adnani, UEC President and CEO, stated: “These Executive Orders send the strongest signal yet that energy security and national security start with a robust domestic uranium supply chain. As the U.S. continues to import nearly all of its nuclear fuel amid a growing global supply deficit, the Administration is positioning the nation to lead the next era of global nuclear development by rebuilding a vertically integrated fuel cycle and investing in domestic uranium production.” We also have to consider that “Major tech companies, including Microsoft, Google and Amazon, are investing in nuclear energy, including Microsoft’s deal to restart the Three Mile Island reactor, to meet the rising energy demands for AI data centers,” according to Sprott.com. “Global uranium supply remains insufficient to meet current and projected reactor needs, with mine production falling short…” Look at Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF), For Example Skyharbour Resources announced the remaining assay results from its late 2024 diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, which totaled 2,759 metres in nine holes. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. A highlight from this program was from hole ML24-15, which intersected 6.4 metres of 1.50% U3O8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U3O8 over 1.5 metres. Hole ML24-15 was drilled well outside the known footprint of the high-grade Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast representing one of the most consequential expansion drill holes at the Project. Skyharbour plans to continue advancing Moore through additional drilling this summer, alongside the fully-funded multi-phased drill programs at the Company’s adjacent Russell Lake Uranium Project.Moore Uranium Project Claims Map:https://skyharbourltd.com/_resources/images/Sky_MooreLake.jpg?v=1 Jordan Trimble, President and CEO of Skyharbour Resources, stated: “Drill hole ML24-15 represents a significant development at the Moore Project as it extends the high-grade Maverick East Zone over 40 metres to the northeast. The drill result demonstrates the high-grade, shallow nature of uranium mineralization and opens up the area to additional drilling and potential resource expansion. We are preparing for another phase of low-cost drilling this summer at Moore to further delineate the numerous high-grade zones of uranium on the Maverick Corridor, and we also plan to test prospective regional targets that have had limited drill-testing historically. Furthermore, our ongoing drilling is progressing very well at our co-flagship and adjacent Russell Lake project with additional news forthcoming from both projects.” Highlights: - Hole ML24-15 intersected 6.4 metres of 1.50% U3O8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U3O8 over 1.5 metres. - Notably, the hole was drilled well outside the known footprint of the Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast. This illustrates the strong expansion potential at the high-grade zones. - Preparation is underway for a fully-funded 4,500 – 5,000 metre summer drill program at Moore focused at Main Maverick and Maverick East Zones as well as high-priority regional targets. - Ongoing first phase of drilling consisting of a minimum of 5,000 metres at the Russell Lake Project, focusing on the newly discovered Fork Zone, which has high-grade uranium mineralization hosted at the unconformity, as well as testing other newly identified high-priority targets at the Fox Lake Trail and Sphinx targets. - In total, the company is planning to drill between 16,000 – 18,000 metres across the Russell and Moore projects this year and is fully funded and permitted to do so. Summary of 2024 Drilling Campaign at Moore: The phase of drilling on the Moore Project later in 2024 totalled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone. The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U3O8 successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.Moore Uranium Project Regional Grid Targets Map:http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg Four exploration holes totalling 1,195 metres were drilled in and around the Main Maverick Zone to expand the shallow high-grade mineralized zone. All of these holes were drilled vertically and intersected significant uranium mineralization at the unconformity, centred around 265 metres to 275 metres downhole depth. The majority of the high-grade uranium mineralization at the Main Maverick Zone is sandstone-hosted, situated at or just above the unconformity. Hole ML24-11 intersected 0.76% U3O8 over 1.0 m starting at 268.0 m depth, including 1.09% U3O8 over 0.5 m, and 0.40% U3O8 over 0.5 m at 285.0 m. Hole ML24-12 intersected 0.21% U3O8 over 1.0 m starting at 268.0 m depth. Hole ML24-18 intersected 0.10% U3O8 over 5.5 m starting at 271.0 m.Main Maverick Zone Drilling Map:https://www.skyharbourltd.com/_resources/news/Maverick_Main_2024.jpg An additional five exploration holes, totalling 1,564 metres, were drilled in and around the Maverick East Zone to connect mineralization with Main Maverick and to expand mineralization east along strike. Four of these holes were drilled vertically, and one oriented hole was drilled to obtain structural measurements. Much like at Main Maverick, mineralization is concentrated directly above the unconformity, between 260 metres and 285 metres. Hole ML24-13 intersected 0.14% U3O8 over 6.4 m starting at 268.5 m, including 0.63% U3O8 over 1.0 m at 269.0 m, and 0.30% U3O8 over 1.0 m at 273.9 m. Hole ML24-14 intersected 0.04% U3O8 over 1.0 m starting at 287.2 m. Hole ML24-15 intersected 1.50% U3O8 over 6.4 m starting at 275.0 m depth, including 4.74% U3O8 over 1.5 m. Hole ML24-16 intersected 0.10% U3O8 over 0.5 m starting at 314.0 m. Hole ML24-17 intersected 0.16% U3O8 over 3.0 m starting at 274.0 m depth.Maverick East Zone Drilling Map:https://www.skyharbourltd.com/_resources/news/Maverick_East_2024.jpg In addition to the assay results reported here, previously reported drill results from the first phase of drilling earlier in 2024 included notable high-grade intercepts at Moore. Highlight drill hole ML24-08 intersected 5.0 metres of 4.61% U3O8 between 265.5 metres and 270.5 metres depth including 3.0 metres of 7.30% U3O8 between 266.0 metres to 269.0 metres depth at the Main Maverick Zone. Another notable hole was ML 24-03, which intersected a broad interval of mineralization grading 1.11% U3O8 over 11.5 metres between 266.8 metres to 278.3 metres depth, including 5.87% U3O8 over 2.0 metres (see news release dated July 11th, 2024). 2025 Summer and Fall Drilling Plans: Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones. Both of these high-grade zones are open along strike and at depth, with little historical drilling testing the underlying basement rocks. Furthermore, Skyharbour plans to test regional targets at Moore that have been further refined with modern geophysics and new geological modelling. This drilling will take place in conjunction with the multi-phased drilling campaign this year at the adjacent Russell Lake Project. Both drilling programs will be run using the Company’s McGowan Lake camp on Highway 914 as a base of operations, making exploration at both properties very cost-effective. In total, the company plans to drill 16,000 - 18,000 metres in 35 - 45 drill holes across the projects in 2025. Moore Uranium Project Overview: In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has since fulfilled its earn-in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity-hosted uranium mineralization was discovered on the Moore Project at the Maverick Zone with historical drill highlights consisting of 4.03% eU3O8 over 10 metres, including 20% eU3O8 over 1.4 metres, in ML-161. In 2017, Skyharbour announced drill results of 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres, in hole ML-199. In addition to the Main and East Maverick Zones, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well.Moore Lake Uranium Project Geophysics Map:http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg Other related developments from around the markets include: Uranium Energy applauds the sweeping Executive Orders issued by President Donald J. Trump to revitalize the U.S. nuclear sector and restore domestic control over the uranium fuel cycle. The directives establish a national energy policy that invokes the Defense Production Act accelerates reactor deployment, and tasks the DOE with rebuilding America’s front-to-back nuclear fuel supply infrastructure. Amir Adnani, UEC President and CEO, stated: “We applaud the U.S. government’s decisive action to revitalize the domestic nuclear industry. These Executive Orders send the strongest signal yet that energy security and national security start with a robust domestic uranium supply chain. As the U.S. continues to import nearly all of its nuclear fuel amid a growing global supply deficit, the Administration is positioning the nation to lead the next era of global nuclear development by rebuilding a vertically integrated fuel cycle and investing in domestic uranium production. UEC is ready to support this transformation with secure, reliable, and 100% domestic uranium supply to power the future.” Denison Mines’ David Cates, President and CEO of Denison commented, "With the Canadian Nuclear Safety Commission announcing in Q1'2025 the scheduling of a public hearing for our flagship Phoenix In-Situ Recovery ('ISR') project in late 2025, our focus for the remainder of the year has shifted to completion of the detailed design engineering phase and advancement of construction planning and procurement efforts. Our plans are designed to put us in a position to start construction in early 2026, following anticipated regulatory approvals. Based on this timeline, we expect to be able to maintain our previous guidance of first production from Phoenix by mid-2028, which would make Phoenix the first new large-scale uranium mine in northern Saskatchewan since the Cigar Lake mine was commissioned in 2014. By the end of Q1'2025, we have achieved approximately 75% completion of total engineering for Phoenix, and we have already funded over $7 million and committed a further $67 million for long-lead capital purchases. With 2.2 million pounds U3O8 in physical uranium holdings on hand, a strong cash balance, and no debt, Denison remains in an enviable financial position – able to fund both (i) our pre-Final Investment Decision ('FID') investments in Phoenix and (ii) important potential future growth initiatives. Cameco reports an expected increase of approximately $170 million (US) in our 49% equity share of Westinghouse Electric Company’s (Westinghouse) 2025 second quarter and annual adjusted EBITDA. The expected increase is tied to Westinghouse’s participation in the construction project for two nuclear reactors at the Dukovany power plant in the Czech Republic. This expected increase will be taken into consideration in determining the 2025 distribution payable by Westinghouse to Cameco. In addition to the increase in adjusted EBITDA in 2025, we expect significant financial benefits for Westinghouse, as a subcontractor, over the term of the Dukovany construction project and related to the provision of the fuel fabrication services required for both reactors for a specified period. The outlook for Westinghouse’s compound annual growth rate for adjusted EBITDA remains 6% to 10% over the next five years, excluding the impact of the expected $170 million (US) increase in its 2025 adjusted EBITDA. NexGen Energy announced the Company's best discovery phase assay results, with 15.0 meters (m) at 15.9% U3O8, including a peak intercept of 0.5 m at an exceptional 68.8% U3O8, in drillhole RK-25-232. Included within this phenomenal intercept is 3.0 m at 47.8% U3O8 and 1.5 m at 29.4% U3O8. This result ranks among the highest-grade basement hosted uranium vein intercepts in the world. Assay results from two of the best holes drilled to date at PCE, RK-24-222 and RK-25-232, indicate intense high-grade mineralization 200 m apart (Figures 1 and 2, Tables 1 and 2), confirming scale and continuity early in the discovery phase. Winter activity since the last update continued to build momentum, adding 9 new intersections of off-scale (>61,000 cps) mineralization, bringing the total to 13 high-grade intercepts and reinforce confidence in the materiality of this emerging mineralization. Since discovery (see March 11, 2024, news release), 64 drillholes totalling 47,425.9 m have been completed, with 35 intersecting mineralization that remains open in most directions. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Skyharbour Resources Ltd. by Skyharbour Resources Ltd. We own ZERO shares of Skyharbour Resources Ltd. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]