Verdera Energy Builds Industry Leading Proprietary Uranium Database for New Mexico
Verdera Energy Builds Industry Leading
Proprietary Uranium Database for New Mexico
TSX-V:V
www.verderauranium.com
Acquisition of Kerr-McGee's New Mexico Uranium Database
VANCOUVER, BC
,
March 17, 2026
/CNW/ -
Verdera Energy Corp.
(TSXV: V) ("
Verdera
" or the
"
Company
") announced today the acquisition of the Kerr-McGee uranium database covering all of
the former operator's uranium exploration, development and mining activities in the State of New
Mexico. Kerr-McGee was a dominant uranium producer in the United States, particularly from the
1950's through the 1980's. As the first oil company to enter the uranium industry, Kerr-McGee
operated major mines in the Grants Uranium District becoming one of the top producers in the United
States.
This data when combined with the Uranium Resources ("URI") New Mexico database, acquired
under the previously announced enCore Energy transaction (
enCore Energy News Release dated April 9, 2025
) provides Verdera with the largest proprietary
New Mexico uranium exploration and development database known. URI, founded in 1977, was a
US-based company focused on In-Situ Recovery uranium extraction, with historical operations in
South Texas and projects in New Mexico.
The database contains over 150,000 drill hole logs, 1,000+ maps containing drill hole, geologic and
mine related information, hundreds of geological and resource reports from uranium deposits and
prospects in New Mexico. This information provides Verdera with a key advantage to unlock the
value and full potential of its extensive uranium and mineral rights portfolio. The data also provides
critical data to create additional opportunities for discovery, prospect generation and sale to other
parties missing data on their projects.
In addition to the comprehensive data resource assembled through the combination of the URI and
Kerr-McGee databases, the Company has entered into a contractual Agreement for exclusive use of
the New Mexico portions of the extensive data collection held by its Executive Chair, William M.
Sheriff. Mr. Sheriff's collection includes the Rancher's Exploration, Union Carbide, W. R.
Grace, Getty Minerals, US Smelting, UV Industries and portions of several other noteworthy
corporate and geologist's private collections. Under the Agreement Verdera provides storage and
maintenance fees in exchange for exclusive access rights.
Executive Chair William M. Sheriff stated: "Verdera has an enormous opportunity from the
combination of 40 years of proprietary data collection from thirteen companies which completed
significant work in New Mexico. This asset solidifies Verdera Energy as a key player in the uranium
sector in New Mexico, an essential district to the U.S. nuclear renaissance."
About Verdera Energy Corp.
Verdera Energy Corp. is focused on the development of In-Situ Recovery ("ISR") uranium assets in
New Mexico. Led by a team with extensive experience in the uranium and natural resources sector,
Verdera is working to meet the growing demand for clean, reliable domestic uranium in the United
States. Supported by strategic shareholder enCore Energy Corp. (Nasdaq: EU TSXV: EU), Verdera
holds private mineral rights spanning approximately 400 square miles, 88 million pounds of known
and historic resources and a significant proprietary uranium database. New Mexico, with expansive
uranium resources is positioned as a critical district in the U.S. domestic nuclear renaissance, driven
by efforts to reduce reliance on foreign imports. Verdera is committed to fostering strong community
relations and strives to work closely with local communities.
www.verderauranium.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements"
(collectively, "forward-looking statements") within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, are forward-looking statements
and are based on expectations, estimates and projections as at the date of this press release. Any
statement that involves discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance (often but not always using
phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate",
"plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such
words and phrases or stating that certain actions, events or results "may" or "could, "would", "might"
or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-
looking statements. Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors that may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Such factors
include, but are not limited to: general business, economic, competitive, political and social
uncertainties. 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 the forward-looking statements and
information contained in this press release. Except as required by law, Verdera assumes no
obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors,
should they change.
SOURCE Verdera Energy Corp.
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For further information:
For further information, please contact: Verdera Energy Corp., Janet Lee
Sheriff, Chief Executive Officer, (214) 304-9552, [email protected]
CO: Verdera Energy Corp.
CNW 07:00e 17-MAR-26