Homeland Uranium Corp. Provides Corporate Update and Announces Conference Call
Homeland Uranium Corp. Provides Corporate
Update and Announces Conference Call
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Homeland Uranium Corp. (TSXV: HLU)
(FSE: D3U) ("Homeland" or the "Company") is pleased to provide a corporate update highlighting
recent developments and outlining strategic initiatives for the coming months.
The Company also
announces that it will be holding a conference call with investors on Thursday, April 24, 2025 at 1:30 pm
PDT.
On March 10, 2025, Homeland successfully completed its reverse takeover of Shift Rare Metals Inc.,
acquiring 100% ownership of the Coyote Basin and Red Wash uranium projects in northwestern
Colorado. Following this transaction, the Company's common shares commenced trading on the TSX
Venture Exchange under the symbol HLU and on the Frankfurt Exchange under the symbol D3U.
"The completion of our transaction and the commencement of trading on the TSX Venture Exchange and
Frankfurt Stock Exchange marked significant milestones for Homeland Uranium," stated Roger
Lemaitre, President & CEO of Homeland Uranium. "With the completion of our $16M financing, we are
now well-positioned to advance our exploration programs at Coyote Basin and Red Wash, with the
ultimate goal of satisfying the growing demand for domestically sourced uranium in the United States."
Homeland Uranium Corp. is led by a seasoned management team and experienced board of directors
with extensive expertise in uranium exploration, mine development, and exits.
Roger Lemaitre - President & CEO, Director
Mr. Lemaitre is a professional geologist and mining engineer with over 30 years of experience in
the uranium and base metals sectors. He previously served as CEO of UEX Corporation and has
held senior roles at Cameco Corporation.
Eugene McBurney - Chair of the Board
Mr. McBurney is a seasoned investment banker with a deep background in global resource
financing. He has played a pivotal role in structuring capital raises for numerous mining
companies.
Mark Christensen - Director
Mr. Christensen has over 30 years experience as a specialist advisor and banking in both public
and private markets and has been involved in M&A, equity and debt financings totaling over
US$10 billion.
He is the Founder and CEO of KES 7 Capital Inc and the former Vice Chairman
and Head of Global Sales and GMP Securities.
Ross McElroy - Director
Mr. McElroy is a seasoned geologist with over 35 years of experience in uranium exploration that
spans grassroots exploration through feasibility and production.
He was recently the President and
CEO of Fission Uranium facilitating its sale to Paladin Energy.
Rob Shewchuk - Director
Mr. Shewchuk began his career as a licensed Equities Trader and Stock Broker with Yorkton
Securities and joined Standard Securities in 2004 becoming Chairman in 2007.
He oversaw
Standard's merger with Wolverton Securities Ltd. in 2009 where he remained as Managing
Director until it was sold to PI Financial Corp with $6 Billion in AUM in 2016. Mr. Shewchuk is the
CEO of LithiumBank Resources, Chief Architect & Director of Caerus Capital, and licensed
Dealer Rep at EMD TriView Capital
Andrew Tunks - Director
Mr. Tunks has held numerous senior executive positions including Auroch Minerals, A-Cap
Resources, IMAGOLD Corporation and Abosso Goldfields. As the Managing Director of A-Cap,
he led the discovery of the world's10th largest uranium resource and managed its merger with
Lotus Energy.
He is the Chair and former Managing Director of Meteoric growing the Company
from a market cap of less than $A20M to in excess of $A500M.
Exploration Focus and Upcoming Programs
With the transformation now complete, Homeland is focusing its efforts on the exploration and
development of the Coyote Basin and Red Wash uranium projects in Colorado. These properties are
strategically located in Moffat and Rio Blanco counties near the Utah border, within an area of historical
uranium production. The Company is finalizing plans for an extensive exploration program aimed at
confirming and expanding known uranium mineralization at Coyote Basin.
Industry Developments and Strategic Positioning
While global acceptance of nuclear power has continued to increase over the past few years it has never
been higher than it is today. Driven by the demand for carbon-free electricity and increasing concern
over energy security and sovereignty, both industry and governments have been incentivizing both the
development of new nuclear generating capacity and the uranium mining and processing sectors.
In the
United States, the recent Nuclear Security Act has provided US$2.7 billion in funding to bolster nuclear
fuel production and to speed up the nuclear regulatory process.
Small modular reactors ("
SMRs
") are
under development in both Canada and the US, and big technology companies have inked deals to
locate their future AI datacenters at either existing nuclear power plants or at soon-to-be-built SMR to
take advantage of their carbon-free safe and secure baseload electricity.
In early 2025, a US Presidential Order was issued to accelerate the development and permitting of US
critical mineral mines and processing centres, including uranium.
With less than 2% of US uranium
demand being supplied by domestic uranium mines, and with 19% of US electricity being generated by
nuclear power, the need for new domestic sources of uranium is critical to American energy security.
Homeland is strategically positioned to contribute to and benefit from these national efforts to bolster
domestic uranium production.
Conference Call Details
Title: Homeland Uranium Corporate Update Webinar
Date: Thursday, April 24, 2025
Time: 1:30 PM PDT
Registration Link:
https://us06web.zoom.us/webinar/register/3317452565647/WN_t5zaPVJKQ5eWZLTVaz_4xA
Approximately two hours after the Q&A session has ended, an archived version of the webcast will be
available via the webcast URL above.
About Homeland Uranium Corp.
Homeland Uranium Corp. is a mineral exploration company focused on becoming a premier U.S.-
focused uranium explorer and developer. The Company is the 100% owner of the Coyote Basin and Red
Wash uranium projects in northwestern Colorado.
For further information, please contact:
Roger Lemaitre
President & Chief Executive Officer
Homeland Uranium Corp.
Tel: 306-713-1401
Email:
Investor Relations
Kin Communications Inc.
Tel: 604-684-6730
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release. No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" within the
meaning of applicable securities legislation. Forward-Looking information in this news release includes,
but is not limited to, statements with respect to trading of the Company's common shares on the
Frankfurt Stock Exchange, prospective strike extensions of potential uranium host stratigraphy of the
new claims and the future exploration of the Red Wash and Coyote Basin Properties. In making the
forward-looking statements, the Company has made certain assumptions, including the impact on
trading of the Company's shares on the Frankfurt Stock Exchange and the potential prospectivity of the
new mineral claims. Forward-Looking statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the ability of the Company to control or
predict, that may cause the Company's actual results, performance or achievements to be materially
different from those expressed or implied thereby, and are developed based on assumptions about such
risks, uncertainties and other factors set out herein, including, but not limited to, the risk that trading does
not develop on the Frankfurt Stock Exchange as well as the general risk factors related to exploration
and development as are set out under the heading "Risk Factors" in the Company's documents filed
under the Company's issuer profile on SEDAR+ at
www.sedarplus.ca
. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-
looking statements and forward-looking information. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial outlook herein except as required by
applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/249459