F4 and UraniumX Successfully Extend Murphy Lake Conductors by 1.45 km Drill Program to Commence Mid-May
F4 and UraniumX Successfully Extend Murphy
Lake Conductors by 1.45 km
Drill Program to Commence Mid-May
Kelowna, British Columbia--(Newsfile Corp. - May 5, 2026) -
F4 Uranium Corp. (TSXV: FFU) ("F4" or
"the Company")
is pleased to announce the extension of ground conductors by
1.45 km
at the Murphy
Lake Property, Athabasca Basin. The partner-funded Moving Loop Electromagnetic (MLEM) ground EM
survey, which was previously announced to be in progress (see F4 news release dated March 18, 2026),
has now been completed (see F4 news releases dated February 17, 2026 and March 18, 2026). The
property is located 5 kilometres south of IsoEnergy's high-grade Hurricane Deposit and 4 kilometres
east of Cameco's La Rocque Lake Uranium Zone.
Interpretation of the new data is preliminary but very encouraging and shows that the prospective
conductor systems have been extended by an additional 1.45 km, significantly increasing the size of the
high-priority target area. The new conductor extensions display a strong correlation with basement
resistivity lows, particularly in the corridor where drillhole ML22-012 was drilled at the northern end of the
survey — which intersected strong uranium geochemistry in Athabasca Sandstone (up to 56 ppm U)
immediately above the unconformity (see F3 Uranium news release dated August 10, 2022) — and
drillhole ML22-006, which returned a radioactive intercept assaying 0.065% U
₃
O
₈
over 2.5 metres,
including 0.242% U
₃
O
₈
over 0.5 metres (see F3 Uranium news release dated August 10, 2022).
Drilling at Murphy Lake
, where F4 is the operator, is scheduled to commence in the
middle of May
2026
. The program is fully funded by UraniumX Discovery Corp. in accordance with the terms of the
Option Agreement to earn up to a 70% interest in the Murphy Lake Property (see F4 news release dated
February 2, 2026).
Erik Sehn, P.Geo, VP Exploration, commented:
"Encouragingly, these early ground EM results are exactly what we hoped to see. The survey
successfully extended the conductors into the areas we didn't cover last time, adding a total of 1.45
km of strike length. This greatly expands the prospective corridor along our two key historic drill holes
and we are excited to begin drilling in the middle of May with our partner company UraniumX."
Figure 1. Murphy Lake 2026 MLEM Ground Geophysical Program Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10832/295832_ced8c95044a2aaa9_002full.jpg
About Murphy Lake:
F4's 609-hectare Murphy Lake Property is located in the north-eastern corner of the Athabasca Basin,
30 km northwest of Orano's McLean Lake deposits, 5 km south of IsoEnergy's Hurricane Uranium
Deposit and 4 km east of Cameco's La Rocque Lake Uranium Zone where drill hole Q22-040
intersected 29.9% U3O8 over 7.0 m. The 2022 maiden drill program at the Murphy Lake Property
consisted of 14 completed drillholes totaling 6,850m; drill hole ML22-006 intersected 0.065% U3O8
over 2.5m from 322.5m to 324.5m, including 0.242% U3O8 over 0.5m.
Marketing Agreement:
The Company also announces that it will extend the digital marketing services agreement with Connect 4
Marketing Ltd. (“Connect4”) to provide the Company with comprehensive digital marketing services
including content creation (videos ad creatives, landing pages), influencer management, newsletter
coordination, and targeted advertising campaigns in both English and German markets. (Previously
announced in the news release of March 31, 2026. F4 agrees to pay an additional fee of $50,000.
Qualified Person
The technical information in this news release has been reviewed and approved on behalf of the
Company by Sam Hartmann, P.Geo., President & Chief Operating Officer of F4, and a qualified person
as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
This news release also refers to neighboring properties in which F4 Uranium has no interest, and the
Qualified Person has been unable to verify the information from those properties. Mineralization on those
neighboring properties is not necessarily indicative of mineralization on the Murphy Lake Property.
For additional information on the Murphy Lake Property, please refer to the National Instrument 43-101
Report titled "Technical Report For The Murphy Lake Project, NE Athabasca Basin, Saskatchewan,
Canada" effective March 20, 2024, available at
www.sedarplus.ca
.
About F4 Uranium Corp:
F4 Uranium is a Canadian uranium exploration company focused on the Athabasca Basin in northern
Saskatchewan, and the latest uranium explorer, led by the same management and exploration team with
a legacy of discovery successes. The project portfolio includes 17 wholly owned properties totaling
roughly 157,000 ha, many of which are near uranium deposits including Paladin's Triple R, Nexgen
Energy's Arrow and IsoEnergy's Hurricane projects. The assets were spun out of F3 Uranium in 2024,
where the technical and management team made their third, and more recently fourth uranium
discoveries at Patterson Lake North and Broach Lake. F4's core focus will be split between the west
and east sides of the Athabasca Basin as the company is establishing itself as an explorer and project
generator providing shareholders renewed exposure at an early stage.
Contact Information
F4 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD,
"Ray Ashley"
Raymond Ashley, CEO
F4 Uranium Corp.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions,
expectations or beliefs of future performance, including statements regarding the suitability of the
Properties for mining exploration, future payments, issuance of shares and work commitment funds,
entry into of a definitive option agreement respecting the Properties, are "forward-looking statements".
These forward-looking statements reflect the expectations or beliefs of management of the Company
based on information currently available to it. Forward-looking statements are subject to a number of
risks and uncertainties, including those detailed from time to time in filings made by the Company with
securities regulatory authorities, which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements. These factors should be considered carefully and readers
are cautioned not to place undue reliance on such forward-looking statements. The forward-looking
statements and information contained in this news release are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by
applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or
disapproved the contents of this press release, and do not accept responsibility for the adequacy or
accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/295832