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Urano Energy Concludes Initial Review of Historical Uranium Reserves

On March 6, 2025, Urano Energy Corp., trading under CSE: UE and OTCQB: UECXF, proudly announced the successful completion of its initial assessment concerning historical uranium and vanadium reserves focused on its Bachelor, Dulaney, and La Sal Creek projects located in the high-potential areas of Colorado.

Overview of the Projects

Urano Energy's recent evaluation encompasses three notable projects situated within Colorado’s Uravan Mineral Belt. These projects are part of a larger acquisition that involved fifteen uranium assets, as previously reported in December 2024. The Bachelor, Dulaney, and La Sal Creek projects have a track record of uranium and vanadium production, leading to their current status as significant assets for the company.

Key Highlights of the Properties

The recent review revealed several critical insights:
Location and Mining History: The deposits lie within the Saltwash Member of the Morrison Formation, recognized as a favorable host across the district. Approximately 5% of the recent acquisition package acreage has been scrutinized in this preliminary evaluation.
Area and Claims: The three reviewed projects span an impressive total of 425 acres (about 1.72 square kilometers) through 20 lode mining claims.
Historical Reserves: The evaluation identifies drilled-out historical uranium-vanadium reserves, bolstered by additional resources dating back over 40 years since mining operations ceased. Reports and detailed maps provide insight into the locations and quantities of these remaining uranium reserves.
Overall Inventory Increase: The analysis indicates the addition of over 477,000 lbs. of uranium (U3O8) related to these properties. When integrated with previously reported figures, Urano’s total historical uranium reserves now reach approximately 714,000 lbs. of U3O8.

Jason Bagg, the CEO of Urano Energy, underscored the importance of these findings, indicating that the newly added reserves significantly strengthen the company’s portfolio. He emphasizes that the company plans to expand its historical uranium reserves through continued scrutiny of existing databases over the coming months. Bagg also pointed out potential for discovering new uranium targets and enhancing current reserves across most project areas.

Detailed Property Insights

The assessment provided specific details for each of the three projects, which have all been recognized as past producers of uranium:

1. Bachelor Project
- Location: San Miguel County, Colorado
- Area: 206 acres
- Historical Yield: Estimated reserves include around 104,528 lbs. of U3O8.

2. Dulaney Project
- Location: San Miguel County, Colorado
- Area: 123.6 acres
- Historical Yield: Total estimates suggest 193,412 lbs. of U3O8 reserves.

3. La Sal Creek Project
- Location: Montrose County, Colorado
- Area: 82.4 acres
- Historical Yield: Holds an estimate of around 179,170 lbs. of U3O8 reserves.

The culmination of historical reserves across the three projects confirms Urano Energy's position as a key player in the uranium mining sector. However, it’s essential to note that these past production figures do not guarantee future yields, as extensive exploration and further confirmatory work will be essential to validate the mineralization within the historical deposit areas.

Exploring the Future

With the revision of the inventory, the company is progressing toward defining additional reserves and resources across its entire portfolio of projects. Today, the Uravan Mineral Belt remains a pivotal area for uranium exploration, highlighting the demand for uranium as a crucial component in the global energy landscape.

As Urano Energy continues its exploration efforts, the company is optimistic about significant inventory growth and the possibility of identifying new uranium deposits, thus playing an important role in the future of mineral development in Colorado. The future looks bright for Urano Energy as they leverage historic data and modern mining techniques, reinforcing their commitment to becoming a leading force in the uranium sector.

For more detailed information about Urano Energy’s projects and their technological approaches, visit their official website.