UraniumX Invests $3.8 Million in Athabasca Exploration

UraniumX Discovery Corp. has allocated $3,827,537 in cash towards its Athabasca Basin mineral property portfolio as of May 31, 2026. The company's significant investment was primarily channeled into the Murphy Lake project, where the diamond drill program extended from 2,500 meters to 4,092 meters across nine holes. This expansion was driven by promising indications observed in core samples.

Prominent results included anomalous radioactivity detected across five of six target areas, expanding two key exploration trends. The Murphy Lake South Trend, in particular, was elongated to a 1.3-kilometer strike length. Assay results are currently awaited from SRC Geoanalytical Laboratories.

Through option agreements, UraniumX has structured potential partner funding for further exploration. If fully exercised, these agreements could direct up to $7.25 million towards the Zoo Bay and NeoCore projects, without depleting the company's treasury.