Americas Uranium Corp. to acquire 100% Interest in Treeline Uranium Project, Located in New Mexico, USA
Americas Uranium Corp. | News Release
AMERICAS URANIUM CORP.
CSE: NUCA | OTCQB: ASRFF | FSE: WA7
AMERICAS URANIUM CORP . TO ACQUIRE 100% INTEREST IN
TREELINE URANIUM PROJECT, LOCATED IN NEW MEXICO, USA
VANCOUVER, BRITISH COLUMBIA – September 2, 2026
Americas Uranium Corp. (CSE: NUCA) (OTCQB: ASRFF) (FSE: WA7) (“Americas Uranium” or the “Company”)
is pleased to announce that it has entered into a Mineral Property Purchase Agreement (the “ Purchase
Agreement”) with Verdera Energy Corp. (“Verdera”) and Verdera’s wholly-owned subsidiary, NM Energy Holding
Corp. (“NM Energy”), pursuant to which the Company has agreed to acquire a 100% interest in the Treeline
uranium property (the “Treeline Property” or the “Property”), located in Cibola and McKinley Counties, New
Mexico, USA, through NM Energy.
The acquisition represents an important advancement of Americas Uranium’s strategy to build a portfolio of
uranium assets in North America and provides the Co mpany with an exploration property containing known
uranium mineralization, historical drilling and multiple opportunities for resource confirmation and expansion.
Transaction and Project Highlights
100% Interest in Treeline: Americas Uranium will acquire a 100% interest in the Tr eeline Property and
associated property rights, subject to existing and newly granted royalties.
Historical Estimate of 1.02 Million Pounds U 3O8: Historical information relating to the Treeline Property
includes an estimate of approximately 1,020,000 pounds of U ₃O₈. This estimate was calculated in 1978 and
there are insufficient details available on the procedur es used to determine if any of this estimate meets
National Instrument 43-101 (“NI 43-101”) standards (Penn and Rice, 2005). The historical estimate predates
the Company’s interest in the Property. A qualified person has not completed sufficient work to classify the
historical estimate as a current mineral resource or mineral reserve, and the Company is not treating the
historical estimate as a current mineral resource or mineral reserve. Additional work will be required to verify
and update historical estimates, including a review of the assumptions, parameters, methods, and testing.
See “Historical Uranium Estimate” below for more details.
Two Known Uranium Trends: Uranium mineralization is concentrat ed within the North and South trends.
Historical information indicates t hat the North trend extends approximate ly 2,000 feet northwest-southeast
and is approximately 175 feet wide, while the South trend extends approximately 3,250 feet and ranges from
approximately 50 to 150 feet in width.
Relatively Shallow Mineralization: Axiom Exploration Group’s (“Axiom”) review of the historical data notes
that both zones of mineralization are relatively shallow, providing a potentially favorable setting for future
drilling and evaluation.
Established Uranium District: The Property is located in Cibola and McKinley Counties, New Mexico, in an
area with a history of uranium exploration and mining. Historical mining has occurred immediately southeast
of the Property at the San Mateo mine.
Defined Path Toward Modern Resource Evaluation: Axiom recommends compiling and digitizing historical
drilling, developing an updated geological and resource model, and conducting RC and diamond drilling,
gamma logging and twin drilling a selection of historic drill holes to determine the work required to potentially
establish a new NI 43-101-compliant mineral resource.
Additional Exploration Potential: Axiom has identified explorati on potential along the North and South
trends, including areas north and south of the San Mateo mine and east-southeast along trend. The Company
advises that, notwithstanding their prox imity of location, discoveries of minerals at the San Mateo mine and
any promising results thereof are not necessarily indicative of the mineralization of, or located on the Treeline
Americas Uranium Corp. | News Release
Property or the Company’s ability to commercially exploit the Treeline Property or to locate any commercially
exploitable deposits therefrom.
Attractive Acquisition Structure: Consideration consists of US$100,000 in cash (the “Cash Payment”) and
C$2,000,000 in common shares of Americas Uranium (each, a “Share” and together, the “Shares”), with 90%
of the share consideration payable in staged issuances over the 36 months following closing.
Strategic Expansion Rights: Americas Uranium will also receive a right of first refusal over specified
additional properties surrounding the acquired land position.
Treeline Uranium Property
The Treeline Property is located in Cibola and McKinley Counties, New Mexico, and consists of a combination of
unpatented mining claims, fee mineral rights and certain leased surface and mineral rights.
According to the historical technical information reviewed by Axiom, uranium mineralization in the area is hosted
primarily within the Westwater Canyon Member sandst one and Poison Canyon sandstone. All known uranium
mineralization identified on the Treeline Property occu rs within the Poison Canyon sandstone, making this
sandstone package an important target for future exploration.
Historical exploration identified two principal mineralized trends, referred to as the North Trend and South Trend.
The North Trend is reported to extend approximately 2,000 feet from northwest to southeast and to be
approximately 175 feet wide. The South Trend is reported to extend approximately 3,250 feet along strike and
range from approximately 50 to 150 feet in width.
Axiom notes that both zones of mineral ization are relatively shallow and that most known historical drilling was
conducted within the lease lands in Section 24, which contains both the North and South trends. Historical drilling
was also conducted southeast of Section 24 near the workings of the San Mateo mine. Historical uranium mining
has occurred in the surrounding area, including at San Mateo and the nearby Chill Wills mine.
Historical Uranium Estimate
Following its review of the “Technical Report of the Treeline Project, Cibola and McKinley Counties, New Mexico,
USA” prepared by Neil Prenn, P.E. and John A. Rice, CPG and dated January 10, 2005 (the “ Report”), Axiom
concluded that the Property has exploration potential and noted that a historical resource exists on the Property.
Historical information relating to the Treeline Property includes an estimate of approximately 1,020,000 pounds of
U₃O₈. The historical estimate from 1978 was summarized in the Report. Historical estimates do not use the current
mineral resource categories prescribed under NI 43-101. There are insufficient details available on the procedures
used in these estimates to determine if any portion meet s NI 43-101 standards or to draw any comparisons to
current CIM Definition Standards. To the QP’s knowledge there are not more recent resource estimates for the
Treeline Property.
The Company considers the historical estimate rele vant because it provides an indication of uranium
mineralization identified by historical drilling and may assist the Company in planning future exploration of the
Property. The Company and its Qualified Person consider the historical estimate to be reliable for the limited
purposes of exploration planning.
Exploration and Resource Advancement Strategy
Axiom’s review concluded that the Treeline Property has geological merit due to the uranium mineralization
historically identified within Section 24 and recommends t hat future exploration initially focus on determining the
work necessary to establish a current NI 43-101-compliant resource, including:
Compilation and digitization of all known historical drill holes;
Development of an updated geological and resource model;
RC and diamond core drilling;
Americas Uranium Corp. | News Release
Gamma logging to enable comparison with historical drill-hole information;
Twinning of selected historical holes along both the North and South trends;
Collection and analysis of drill cuttings and core using modern analytical techniques; and
Additional exploration along extensio ns of the North and South trends.
Axiom also identified additional exploration potential east-southeast along trend on the unpatented mining claims
and in areas north and south of the San Mateo mine. The Company intends to undertake a comprehensive review
and compilation of the available historical database following completion of the acquisition and use the results to
design its initial exploration program.
U.S. Uranium and Nuclear Energy Market Context
The acquisition of the Treeline Property comes at a time of renewed investment and activity across the U.S.
uranium and nuclear energy sectors.
According to the U.S. Energy Information Administ ration, U.S. uranium mine production increased to
approximately 1.4 million pounds of U3O8 in 2025, approximately double the 0.7 million pounds reported in 2024
and the highest annual level since 2016.(1)
During 2025, U.S. uranium exploration drilling totaled approximately 1.016 million feet across 1,824 holes. U.S.
uranium industry employment increased 41% to 711 full-time person-years, while industry expenditures for land,
exploration, drilling, production and reclamation reached approximately US$234.7 million.(1)
In May 2025, the U.S. Administration established a polic y objective of increasing American nuclear generating
capacity from approximately 100 gigawatts in 2024 to 400 gigawatts by 2050.(2) In June 2026, the U.S. Department
of Energy announced a US$17.5 billion conditional loan commitment intended to suppo rt procurement of long-
lead components for 10 new AP1000 nuclear reactors and potentially accelerate their deployment by up to three
years. (3)
The Company believes these developments highlight the increasing strategic importance of domestic uranium
exploration and development as the Un ited States seeks to expand nuclear generating capacity and strengthen
domestic nuclear fuel supply chains.
Management Commentary
Nicholas Luksha, President and Chief Executive Officer of Americas Uranium Corp., commented:
“The acquisition of Treeline represents an important step for Americas Uranium as we build a portfolio of uranium
assets in North America. With a historical estimate of approximately 1.02 million pounds of U3O8, known uranium
mineralization and historical exploration, Treeline provides a solid foundation for further exploration.”
“As the U.S. expands nuclear power an d strengthens its domestic nuclear fu el supply chain, we believe high-
quality American uranium assets will become increasingly important. Our focus is now on advancing the historical
work at Treeline and determining the drilling required to evaluate the historical estimate under current NI 43-101
standards.”
Transaction Terms
Pursuant to the terms of the Agreement, the Company will pay to Verdera the Cash Payment and issue to
Verdera such amount of Shares equal to an aggregate value of CDN$2,000,000 as follows:
Date Cash Payments Value of Shares Issued
On the closing date of the Agreement (the
“Closing Date”) US$100,000 CDN$200,000(1)
Americas Uranium Corp. | News Release
On date that is six months from the Closing
Date Nil CDN$200,000(2)
On date that is twelve months from the
Closing Date Nil CDN$200,000(2)
On date that is eighteen months from the
Closing Date Nil CDN$200,000(2)
On date that is twenty-four months from
the Closing Date Nil CDN$400,000(2)
On date that is thirty months from the
Closing Date Nil CDN$400,000(2)
On date that is thirty-six months from the
Closing Date Nil CDN$400,000(2)
TOTAL: US$100,000 CDN$2,000,000
(1) Share values will be based on a deemed price of $0.285 per Share.
(2) Share values will be determined by the ten (10) trading day vo lume weighted average price (“ VWAP”)
immediately preceding the due date for such issuance, less the maximum allowable discount and subject to
any minimum price requirements imposed by the policies of the Canadian Securities Exchange (the “CSE”).
Pursuant to the Agreement, the Company has agreed to grant Verdera an aggregate one and one-half percent
(1.5%) royalty (the “Vendor Royalty”), with the Company having the right but not the obligation, to purchase one-
third (1/3) of the Vendor Royalty at any time following the Closing Date for a one-time payment of CDN$400,000.
Closing of the Transaction (the “Closing”) remains subject to, without limitation, receiving all necessary consents
and approvals, including the approval of the CSE, as well as satisfaction of customary closing conditions. The
Company expects to complete the Transaction in the coming weeks. The Shares will be subject to a hold period
of four months and one day from the date of Closing.
The Shares to be issued pursuant to the Agreement are subj ect to a beneficial ownership limitation such that if
Verdera is to receive Shares that would, upon receipt t ogether with any pre-existing Shares held at such time,
result in Verdera beneficially owning, or exercising control or direction over, in excess of 19.99% (the “Ownership
Limit”) of the total issued and outstanding Shares immediately after giving effect to the issuance of such Shares,
such issuance in excess of the Ownership Limit will be deferred until such time as Verdera would no longer in the
aggregate beneficially own, or exercise control or direction over, Shares in excess of the Ownership Limit after
giving effect to such issuance.
The Property is also subject to an existing 2% net proceeds royalty on uranium and 2% net smelter returns royalty
on other minerals pursuant to a May 15, 2025 royalty deed between Verdera and enCore Energy Corp.
Right of First Refusal Provides Additional Expansion Opportunity
As part of the transaction, Americas Uranium will receive a right of first refusal over specified additional property
interests in the surrounding area should Verdera seek to sell or transfer such interests. The additional property
encompasses specified sections within Townships 13 No rth, Ranges 8 West and 9 West, potentially providing
Americas Uranium with an opportunity to further consolidate its land position around the Treeline Property.
Americas Uranium Corp. | News Release
Qualified Person
The scientific and technical information regarding the Treeline Property contained in this news release has been
reviewed and approved by Troy Marfleet, P.Geo. of Axio m, Technical Advisor for the Company, and a Qualified
Person as defined by NI 43-101.
The technical information regarding the historical estimate is based upon historical information reviewed by Axiom,
including the Report. The historical estimate does not meet current NI 43-101 requirements, and the Company is
not treating it as a current mineral resource or mineral reserve.
About Americas Uranium Corp.
Americas Uranium Corp. is a uranium exploration company focused on the acquisition, exploration and
advancement of uranium projects in the Americas, wi th an emphasis on assets positioned to contribute to the
growing need for secure North American uranium supply. The Company’s common shares trade in Canada under
the symbol NUCA, in the United States under the symbol ASRFF, and in Germany under the symbol WA7.
On Behalf of the Board of Directors
Nicholas Luksha
President & Chief Executive Officer
Americas Uranium Corp.
For Further Information
Americas Uranium Corp.
www.americasuraniumcorp.com
604-838-0184
Sources for U.S. Market Context
(1) U.S. Energy Information Administration, 2025 Domestic Uranium Production Report / Annual Uranium
Marketing and production data accessbible at
https://www.eia.gov/uranium/production/annual/pdf/dupr.pdf.
(2) The White House, May 2025 nuclear energy ex ecutive actions and fact sheets accessible at
https://www.energy.gov/articles/fact-sheet-energy-department-delivering-accelerating-deployment-
nuclear-power.
(3) U.S. Department of Energy, June 2026 Am erican Nuclear Supply Chain Loans announcement
accessible at https://www.energy.gov/articles/department-energy-announces-american-nuclear-supply-
chain-loans.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking informati on (collectively, “forward-
looking statements”) within the meani ng of applicable Canadian legislati on. Forward-looking statements are
typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”,
“should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions,
which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or
achieved. All statements in this news release that are not purely historical are forward-looking statements and
include statements regarding beliefs, plans, expectations and orientations regarding the future including, without
limitation, the timing for receiving all required consents, stock exchange and other approvals, the timing for
Americas Uranium Corp. | News Release
Closing, the ability of the Company and Verdera to close the Transaction, and the Company’s ability to utilize the
historical estimates to plan future exploration work on the Property. Although the Company believes that such
statements are reasonable and reflect expectations of future developments and other factors which management
believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to
be correct. In making the forward-looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that it and Verdera will obtain the required approvals for the
transactions described herein, that market fundamentals will support the viability of mineral resource exploration,
and that the historical estimate and other findings in the Report are reliable for the limited purposes of information
exploration planning. Other factors may also adversely affe ct the future results or performance of the Company,
including general economic, market or business conditions, future prices of minerals, changes in the financial
markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration
industry, as well as the risks and uncertainties which are more fully described in the Company’s annual and
quarterly management’s discussion and analysis and in other filings made by the Company with Canadian
securities regulatory authorities under the Company’s SEDAR+ profile. Ongoing labour shortages, inflationary
pressures, rising interest rates, the global financial climate and ongoing international conflicts are some additional
factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the
Company’s operating performance, financial position, and future prospects. Collectively, the potential impacts of
this economic environment pose risks that are curren tly indescribable and immeasurable. No assurance can be
given that any of the events anticipated by the forward-looking statements will oc cur or, if they do occur, what
benefits the Company will obtain from them. Readers ar e cautioned that forward-lo oking statements are not
guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-
looking statements due to the inherent uncertainty of such statements. The Company does not undertake any
obligation to update such forward -looking information whether because of new information, future events or
otherwise, except as expressly required by applicable law.
Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.