URZ3 Energy Significantly Expands Uranium Exploration Portfolio in Wyoming’s Powder River Basin
URZ3 Energy Significantly Expands Uranium Exploration
Portfolio in Wyoming’s Powder River Basin
Highlights:
Acquired three Wyoming state mineral leases covering approximately 1,920 acres.
Staked 437 additional unpatented mining claims covering approximately 9,000 acres.
Expanded the Company's Wyoming uranium land position by approximately 10,900 acres.
Certain newly acquired properties are contiguous with the Company's Dry Fork Project, while
others represent exploration opportunities elsewhere within the basin.
Acquisitions target favourable sandstone-hosted uranium trends prospective for in-situ recovery-
style mineralization.
Field evaluation and target generation programs are planned for 2026.
Streamlined the Company's broader exploration portfolio to focus capital and technical resources
on ISR-amenable uranium opportunities.
Vancouver, British Columbia – July 29, 2026 – URZ3 Energy Corp. ("URZ3" or the "Company") (TSX-
V: URZ; OTCQB: URZEF) is pleased to announce the acquisition of additional mineral lands that
significantly expand its uranium exploration portfolio within Wyoming's Powder River Basin, one of the
premier in-situ recovery ("ISR") uranium districts in the United States.
The Company has acquired three Wyoming state mineral leases covering approximately 1,920 acres and
has staked 437 unpatented mining claims covering approximately 9,000 acres, increasing its Wyoming land
position by approximately 10,900 acres.
The acquisitions expand URZ3's presence in one of North America's premier ISR uranium districts and
provide a larger pipeline of prospective exploration targets for future evaluation.
Figure 1. Locations of the newly acquired Wyoming state mineral leases. The black outline identifies the general area in which
the newly staked federal mining claims are located. The Company does not hold all lands within the outlined area.
Certain of the newly acquired properties are contiguous with the Company's Dry Fork Project, while others
represent separate exploration properties elsewhere within the Powder River Basin that management
believes merit systematic geological evaluation. The newly acquired properties were selected based on
favourable geological characteristics, historical uranium exploration, and their potential to host ISR-
amenable uranium mineralization.
The Powder River Basin has a long history of successful ISR uranium exploration and production and
continues to attract exploration and development activity. The basin is home to the Nichols Ranch ISR
uranium mine, originally developed by Uranerz Energy Corporation and now owned and operated by
Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR).
The newly staked mining claims are subject to federal and county approvals and claim validation.
Darcy Higgs, Interim Chief Executive Officer of URZ3, commented:
"These acquisitions significantly strengthen URZ3's exploration portfolio in one of the most prospective
uranium districts in the United States. By expanding both around our existing Dry Fork Project and into
additional prospective areas across the Powder River Basin, we have assembled a substantial land position
that provides multiple opportunities for uranium discovery. We believe this expanded portfolio provides a
strong foundation for systematic exploration and long-term value creation."
Exploration Plans
The Company intends to complete geological compilation, target generation, permitting reviews, and field
evaluations across the newly acquired properties during 2026. Exploration priorities will focus on
identifying targets prospective for sandstone-hosted uranium mineralization amenable to ISR extraction
where appropriate.
URZ3 continues to evaluate additional acquisition opportunities where management believes they can
complement the Company's existing portfolio and enhance long-term shareholder value.
Further updates will be provided as the mining claim filing process is completed and exploration activities
advance.
Portfolio Optimization
As part of its strategy to concentrate capital and technical expertise on its highest-priority uranium assets,
the Company has streamlined its broader exploration portfolio.
In April 2024, URZ3 acquired mineral claims in the Athabasca Basin. Following a strategic review, the
Company elected not to renew those claims in order to focus its financial and technical resources on projects
that are more closely aligned with the Company's expertise in exploring for and advancing ISR-amenable
uranium deposits.
Additionally, Austin Gold Corp. terminated its interest in the Exploration and Option to Enter Joint Venture
Agreement, as amended, covering the Kelly Creek Project in Humboldt County, Nevada. URZ3 intends to
allow the Kelly Creek claims to lapse and terminate the associated lease.
The Company continues to retain what management believes are the most prospective claims within its
legacy Nevada gold portfolio, including 94 claims at Bottle Creek and 116 claims at South Grass Valley.
Qualified Person
Martin St-Pierre, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and
approved the technical data in this release. Mr. St-Pierre is independent of the Company.
About URZ3 Energy Corp.
URZ3 Energy Corp. is a resource development company focused on the acquisition and exploration of
uranium properties in North America. The Company is dedicated to advancing its portfolio of projects to
meet the growing demand for uranium as a clean energy resource, leveraging its team’s extensive
experience in ISR uranium exploration, development, and production.
For more information about URZ3 Energy Corp. and its latest developments, please visit www.urz3.com
or contact:
Darcy Higgs
Interim CEO and Director
URZ3 Energy Corp.
604-644-6580
E-mail: [email protected]
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding forward–looking information
This press release contains statements which constitute “forward looking information” under applicable
Canadian securities laws, including statements regarding plans, intentions, beliefs and current expectations
of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking information. Although URZ3 Energy Corp. believes that the
expectations reflected in these forward-looking statements are reasonable, undue reliance should not be
placed on them because URZ3 Energy Corp. can give no assurance that they will prove to be correct. Since
forward looking statements address future events and conditions, by their very nature they involve inherent
risks and uncertainties and the Company’s future business activities may differ materially from those in the
forward-looking information as a result of various factors, including, but not limited to, fluctuations in
market prices, successes of the operations of the Company, continued availability of capital and financing
and general economic, market or business conditions and the ability to obtain the requisite approvals of the
TSX Venture Exchange when necessary. Investors are cautioned that any such forward-looking information
is not a guarantee of future business activities and involves risks and uncertainties. Additional information
on these and other factors that could affect URZ3 Energy Corp. operations and financial results are included
in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+
website (www.sedarplus.ca).There can be no assurances that such information will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not
assume any obligation to update any forward-looking information except as required under the applicable
securities laws.