Discovering Wealth in Two Distinguished Uranium Regions in North America at North Shore Uranium
North Shore Uranium Advances Two Key Uranium Projects
In the dynamic world of uranium exploration, Canadian-based North Shore Uranium (TSXV:NSU) is making significant strides, with two key projects under active development. The Rio Puerco project in New Mexico and the Falcon project in the Athabasca Basin are poised to make a significant impact in the industry.
The Rio Puerco project, nestled in the prolific Grants Uranium District, boasts a rich history. With over 340 million pounds of uranium oxide (U₃O₈) historically yielded, the region has proven itself as a significant uranium-producing area. North Shore Uranium has signed a binding term sheet with Resurrection Mining LLC to acquire up to an 87.5% interest in the project. The deal, pending due diligence, definitive agreement, financing, and exchange approval, aims to validate and potentially expand the resource, and evaluate the potential for in-situ recovery (ISR) mining.
The project, spanning 37 Bureau of Land Management claims, benefits from good infrastructure. Historical exploration includes over 800 drill holes, with a significant portion drilled by Kerr-McGee in the 1970s. A 2009 resource estimate indicated a historical inferred resource of 11.4 million pounds of contained uranium oxide, a figure North Shore Uranium intends to validate and grow.
Meanwhile, the Falcon project in the Athabasca Basin presents an exciting exploration opportunity. North Shore's maiden 2024 drill program confirmed near-surface uranium mineralization in previously untested zones. The company views this project as a potential major discovery, actively drilling high-quality targets with favorable uranium indicators. The Falcon project is strategically positioned in a world-class uranium district, with ongoing exploration to realize its potential.
North Shore Uranium, led by award-winning geologist Brooke Clements, is a lean company with a market cap of $2.2 million (as of July 2025), 40.3 million shares outstanding, and 43.3% held by insiders and founding investors. The company's focus remains on North America, where it is advancing a dual-track strategy in the eastern Athabasca Basin, Canada, and the Grants Uranium District, USA.
With a strong team, promising projects, and a focus on North America, North Shore Uranium is well-positioned to leverage rising uranium demand and favorable market conditions. The company's strategic approach aims to develop Rio Puerco into a validated, resource-proven asset while pursuing high-impact exploration success at Falcon.
In the pursuit of expanding its portfolio, North Shore Uranium aims to validate and potentially expand the uranium resource at the Rio Puerco project, making a significant impact in the energy sector. With the Falcon project, the company targets a potential major discovery in the finance-rich uranium industry, strategically positioning itself for high-impact exploration success.
