Nuclear Fuels Uncovers New Mineralized Areas at Kaycee Uranium Project in Wyoming

Exploration Breakthrough at Kaycee Uranium Project

Nuclear Fuels Inc. (CSE: NF) and (OTCQX: NFUNF) has recently made a significant advancement in its exploration efforts at the Kaycee In-Situ Recovery (ISR) Uranium Project, located in Wyoming's Powder River Basin (PRB). The company proudly announced the discovery of two new mineralized zones during its ongoing drilling program aimed at uncovering unexplored areas for uranium extraction.

The newly identified areas, named the Outpost Zone and the Trail Dust Zone, have shown promising results from core drilling tests. Specifically, drill hole LT24_050 at the Outpost Zone revealed a mineral grade of 0.082% eU3O8 over 6.5 feet, translating to a total Grade Thickness (GT) of 0.532, which positions this result as the most notable outcome to date from the regional exploration efforts initiated by Nuclear Fuels. As per industry standards, a GT exceeding 0.20 is considered viable for potential inclusion in a future wellfield, suggesting that both newly discovered zones are likely valuable assets for the company.

The Trail Dust Zone, situated approximately 1.5 miles north of Outpost, also exhibited favorable mineralization, with drill hole LT24_037 registering 0.0553% eU3O8 over 5.5 feet and achieving a GT of 0.304. Given the proximity of these sites, ongoing analysis to delineate the continuity and extent of this mineralization will be key as the company aims to fully understand the potential of these zones.

Furthermore, ongoing interpretations indicate that drill hole LT24_004, located approximately two miles southeast of Trail Dust, may reflect the same mineralization trend. With this information, Nuclear Fuels is prioritizing further exploration in this region in 2025.

Nuclear Fuels' drill program at the Kaycee Project began a significant shift towards assessing regional targets that had previously been overlooked for uranium mineralization. The decision stemmed from a comprehensive evaluation of over 500 oil and gas logs, setting a strategic focus on an area located between the Saddle Zone and the Nichols Ranch ISR uranium mine operated by Energy Fuels Inc.

The advancement of these fresh discoveries is not only a testament to the Company’s diligent drilling efforts but also underscores the long-term potential within the broader PRB, an area historically recognized for its robust uranium production.

The Kaycee Uranium Project, covering an expansive 55 square miles, contains a total of 430 miles of identified roll fronts along a mineralized trend. This configuration uniquely positions it as the only project in PRB boasting the three historically productive sandstone formations—Wasatch, Fort Union, and Lance—all of which are mineralized and offer accessibility for ISR extraction methods.

As 2025 approaches, Nuclear Fuels is working tirelessly to prepare for follow-up drilling activity scheduled to commence in May. This upcoming phase will focus on understanding these newly discovered zones further, solidifying their orientation and geometry while also targeting other high-priority regional objectives based on the positive results achieved so far.

Greg Huffman, the Chief Executive Officer of Nuclear Fuels, expressed enthusiasm about the recent discoveries, highlighting that breakthroughs have further reinforced the company's understanding of the geology and mineralization within the project. He noted, “These discoveries are a solid base for our continued exploration ambitions and mark a pivotal moment for the Kaycee Project.” Furthermore, the company's inclusion in the Sprott Junior Uranium Miners ETF indicates an escalating recognition of Nuclear Fuels within the investment community, potentially translating into enhanced funding and support moving forward.

In conclusion, as the Kaycee Uranium Project enters this new chapter with key discoveries, Nuclear Fuels is on a trajectory that promises significant growth and advancement in uranium exploration. The company remains committed to its strategic goals, facilitating a sustained emphasis on innovative approaches within the thriving energy sector.

For more detailed information and updates, interested parties are encouraged to visit the Nuclear Fuels website or review project-related resources available through the company's communications.