Global Uranium and Enrichment

Global Uranium and Enrichment is pleased to provide an update on the Company’s activities for the September Quarter. The past quarter saw the successful commencement and completion of the Company’s maiden drill program at the Maybell Uranium Project, highlighting significant continuity and quality in uranium mineralisation. This milestone underscores the Project's promising growth and development potential, with drill results revealing grades as high as 5,387 ppm. Additionally, the Company expanded its JORC Resource at the flagship Tallahassee Uranium Project to 52.2 million pounds of U3O8. This increase follows the successful June 2024 drill program and the acquisition of two additional mineral leases. The advancement of Global Uranium’s portfolio strategically positions the company to leverage the rising importance of uranium in the transition to a green energy future. See full details of the quarter below. #uranium

Global Uranium and Enrichment is pleased to announce the successful completion of its maiden drill program at the Company’s 100% owned Maybell Uranium Project in Colorado, United States.   The program comprised of 25 holes for 3,200 metres, with results exceeding expectations demonstrating impressive continuity highlighted by several holes returning thick, high-grade uranium mineralisation. Results include grades exceeding 5,000 ppm.   Global Uranium and Enrichment’s Managing Director, Andrew Ferrier, CFA said: “The completion of our maiden drilling program at the Maybell Project has delivered exceptional results that have exceeded our expectations. We are now eager to analyse the data available, which will underpin the development of our Mineral Resource Estimate and mark an important step towards positioning GUE as a key player in the North American uranium market.   “Importantly, we only tested approximately 10% of the entire claim block as we focused on the high priority areas during this drill campaign, leaving significant potential for further discovery through exploration.   “Our team is now focused on refining the geological model and planning the next phase of exploration. Our commitment to advancing the Maybell Project towards development and production is stronger than ever, as we aim to contribute to the growing demand for uranium in the clean energy sector.”   See the full announcement below. #uranium #drilling

Global Uranium and Enrichment is pleased to announce the sale of the Enmore Gold Project located in the New England Fold Belt in NSW, Australia. The Company has entered into a binding sale and purchase agreement with Koonenberry Gold Ltd for the acquisition of Enmore, which is a non-core focus of Global Uranium.   The proposed sale of Enmore not only aligns with the Company’s commitment to delivering on its growth strategy in developing its North American #uranium portfolio but is a strategic move that provides Global Uranium with exposure to a broader portfolio of gold assets. By retaining an equity position in Koonenberry, the Company is positioning itself to benefit from the continued development of both the Enmore Gold Project and Koonenberry’s highly prospective portfolio of assets.   Global Uranium and Enrichment’s Managing Director, Mr. Andrew Ferrier, CFA said: "We are pleased to have entered into an agreement with Koonenberry for our Enmore Gold Project. This deal not only creates value for both parties, but also enables Global Uranium to maintain a strategic focus on advancing our core uranium assets in North America, which have experienced significant and rapid progress over the past year.   “We remain committed to driving the development of our uranium portfolio, executing on our busy 12-month work program and delivering long-term value to our shareholders by growing into a key supplier in uranium and nuclear energy supply chains.”   See the full announcement below.  

Global Uranium and Enrichment is pleased to announce that the ongoing drilling program at the Company’s Maybell #Uranium Project continues to deliver high-grade results, with thick mineralisation intercepted, including grades exceeding 5,000 ppm. To date, a total of 26 holes have been completed, with the shallow, thick, high-grade results exceeding expectations for the Project. Importantly, results have demonstrated the impressive continuity and quality of uranium mineralisation at Maybell, confirming the future growth and development potential of the Project Global Uranium and Enrichment Managing Director, Andrew Ferrier, CFA said: “Our maiden drilling program at the exciting Maybell Project continues to exceed expectations, with the latest results returning thick, high-grade mineralisation including 8.2m @ 0.261% U3O8. These strong results reaffirm the significant potential of the Project and we look forward to establishing a maiden Mineral Resource Estimate in the coming months as we continue to advance the Maybell Project.   “Active work programs are continuing across our key projects, with the recent JORC Resource upgrade at the Tallahassee Uranium Project and the Scoping Study progressing well and a highly successful drilling program at Maybell, Global Uranium is taking significant strides towards establishing its position as an emerging high-grade uranium player.” See the full announcement below. 

The U.S. currently maintains the largest nuclear fleet in the world with 94 operational reactors totalling approximately 100 gigawatts of power. Acting Assistant Secretary for the Office of Nuclear Energy, Mike Goff was recently interviewed by CNBC where he said the U.S. needs to at least triple its nuclear fleet to keep pace with demand, slash carbon dioxide emissions and ensure the nation’s energy security. The U.S. needs to add 200 gigawatts of nuclear power, Goff told CNBC in an interview. This is roughly equivalent to building 200 new plants, based on the current average reactor size in the U.S. fleet of about a gigawatt. A global coalition led by the U.S in December formally pledged to meet the goal of achieving net-zero carbon emissions and limit climate change by 2050. Financial institutions including Goldman Sachs and Bank of America endorsed the target at a climate conference in New York City last week. Global Uranium and Enrichment is successfully building a high-quality North American project portfolio, which comprises of the flagship Tallahassee Project which boasts an MRE of 52.2 Mlbs, the high-grade Maybell Project and high-quality landholdings in the Athabasca basin. Importantly, Global Uranium is establishing the right project portfolio at the right time and the Company is focused on continuing its busy work program across development and exploration programs over the next 12 months. You can read the full article by CNBC here: https://bit.ly/3Y0gkFg

Global Uranium and Enrichment is pleased to announce another set of high-grade assay results from a further nine holes completed from the Company’s maiden drill program at its 100% owned Maybell Uranium Project in Colorado, United States.   To date, a total of 11 holes have been drilled and reported and the Company expects the drill program to be completed by the end of September. MB-005 was the standout hole and returned thick, high-grade mineralisation including 4.6m at 0.30% U3O8 from 85.0m, including 2.4m at 0.539% U3O8 from 85.2m.   Importantly, results delivered from the current drill program highlights the exciting opportunity at Maybell and the Company looks forward to completing the program and defining a maiden JORC Resource.   Global Uranium and Enrichment’s Managing Director, Andrew Ferrier said: “Our ongoing maiden drilling program continues to intersect high-grade uranium mineralisation at Maybell. These results reaffirm our belief that Maybell has significant exploration and growth potential, and we are excited to see what further results can be achieved from our program.   “Global Uranium is in a strong position to capitalise on the growth opportunities presented within the North American uranium sector, through our advanced flagship Tallahassee Project and our emerging high-grade Maybell Exploration Project. We continue to deliver on a busy work program across our projects and look forward to continuing to build the Company." https://bit.ly/3THiMOh

Global Uranium and Enrichment ’s maiden drilling campaign at the Maybell #Uranium Project in Colorado is continuing as planned and on track for completion mid-September. The high-grade results from the first two drill holes were very encouraging, eclipsing initial expectations of the Company.   Maybell’s strong history of production (5.3mlbs of U3O8), coupled with these initial results, reflects that historical grades and outcomes may be replicable. The Company looks forward to providing further updates as the program approaches completion.   #uranium #exploration

Global Uranium and Enrichment is pleased to announce the completion of a revised JORC Mineral Resource Estimate for the Hansen Uranium Deposit, which forms part of the Company’s flagship Tallahassee Uranium Project, located in Colorado, United States. The Company recently completed a highly successful drill program and acquired some additional mineral leases at Hansen, which led to the updated MRE. Hansen is a high-grade and shallow uranium deposit and one of the largest undeveloped uranium deposits in the U.S.A.   The JORC Resource at the high-grade Hansen Deposit has increased by 11% to 22.9 Mlbs U3O8 (from 20.5 Mlbs). Following the increase at Hansen, the Company’s updated MRE for Tallahassee now stands at 44.8 million tonnes at 530ppm for 52.2 million pounds U3O8, representing a 5% increase to the size of GUE’s existing JORC (2012) Mineral Resource. Additionally, the Tallahassee Scoping Study is advancing well and on track for completion in the coming months.   Global Uranium’s Managing Director, Mr. Andrew Ferrier said: “Following the success of our drill program which was completed in June 2024 and generated excellent high-grade results, we are excited to announce the delivery of a revised Mineral Resource Estimate, which increases Global Uranium’s 51% attributable share of the Hansen Deposit Resource from 20.5 million pounds of U3O8 to 22.9 million pounds U3O8. The increased resource at Hansen increases the overall resources at the Tallahassee Uranium Project to 52.2 million pounds U3O8.   “With our drill core samples already in the laboratories for further analysis, we are excited about the progress of our Scoping Study. Additionally, we are looking forward to an active exploration schedule across our portfolio, with drilling occurring at the high-grade Maybell Uranium Project over the coming months. With the support of increasingly prevalent supply constraints, a strong commodity price and the growing recognition of importance in securing domestic supply chains, Global Uranium is well-positioned for an exciting future.” #uranium #exploration

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Global Uranium and Enrichment is pleased to announce that drill results from the first two drill holes confirm the strong potential of the Maybell Uranium Project in Colorado. Initial results from holes MB-018A and MB-009 have confirmed the presence of high-grade mineralisation including an intercept of 17m at 0.166% U3O8. These high grades were returned from the shallow targets and have surpassed the Company’s expectations. Global Uranium and Enrichment’s Managing Director, Andrew Ferrier, CFA said: “We are very pleased to share the initial drill results from our maiden drilling program at Maybell, which have successfully identified high-grade mineralisation from shallow drilling, demonstrating the project’s exciting growth potential. The team is focused on efficiently completing the remaining holes, assessing results and building upon our strategic objectives at Maybell. “Importantly, Maybell's strong history of production, coupled with these initial results, indicates that historical grades and outcomes may indeed be replicable. We look forward to providing further updates as the drilling program progresses. “Looking ahead, building on the success of our Tallahassee drilling program and early success at Maybell, the Company is in a great position to continue to grow both projects in size and scale and work towards the primary objective of positioning Global Uranium to become a key supplier to bolster US domestic uranium and nuclear energy supply chains.” You can read the full announcement below. #uranium #drilling #results