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Canadian uranium exploration
4,092 metres drilled at Murphy Lake. Laboratory results are next.
Meet UraniumX, a Canadian uranium explorer advancing projects across Saskatchewan and Quebec.
19-page PDF · Project maps · Ownership details · Upcoming milestones
4,092 m Completed9 Drill holes6 Target areasNext Laboratory results
Murphy Lake · Current catalyst
A larger drill program completed. Laboratory results are the next milestone.
UraniumX expanded the original 2,500-metre plan and completed 4,092 metres across nine drill holes and six target areas. The core has been logged and sampled, and laboratory analysis is the next project update to watch.
4,092 m completed9 drill holes6 target areas
The larger energy story
Why uranium is back in focus.
Growing electricity needs, dependable nuclear generation and a renewed focus on secure fuel supply are bringing uranium back into view.
Nuclear power delivers around the clock
Reactor life extensions and new nuclear projects are part of the response to growing round-the-clock electricity demand.
Fuel security is a policy priority
Canada and the United States are strengthening domestic and allied nuclear-fuel supply chains, beginning with access to uranium.
Policy context: Natural Resources Canada, Nuclear Energy Strategy for Canada, June 22, 2026; U.S. Energy Information Administration, January and March 2026 electricity outlooks.
How UraniumX fits
Exploration is where the supply story begins.
UraniumX is a Canadian exploration company working at the upstream end of the nuclear fuel chain. Its role is to gather field evidence, test rock in the laboratory and build the technical knowledge needed to evaluate each property.
Canadian project focus
The portfolio spans Saskatchewan's Athabasca region and North-Central Quebec, two established Canadian uranium settings.
Work that creates new information
Murphy Lake has moved from mapping and drilling to laboratory analysis, giving readers a clear project milestone to follow.
More than one route forward
UraniumX combines directly funded exploration, an earn-in project, partner-funded agreements and a proposed Quebec acquisition.
Company position
Capital, market access and a focused project strategy.
These company-level facts help explain how UraniumX is funding its work, allocating capital and making its shares accessible across its listed markets.
Funded for the current work program
As of February 28, 2026, UraniumX reported C$5.31 million in cash and C$5.98 million in working capital. Its July company presentation reports no long-term debt and funding through 2026.
Electronic settlement for U.S.-traded shares
UraniumX trades as STMN in Canada, STMXF in the United States and Q7S in Germany. DTC eligibility allows its U.S.-traded shares to clear and settle electronically through participating broker-dealers.
Different funding paths across the portfolio
UraniumX funds Murphy Lake directly, while partner agreements can fund work at NeoCore and Zoo Bay. The proposed Dieter Lake acquisition uses shares and a royalty rather than company cash.
Sources: UraniumX financial update dated May 1, 2026; DTC eligibility announcement dated June 25, 2026; Q3 2026 company presentation; project agreements and transaction releases.
See the complete company pictureProjects, agreements, leadership and upcoming milestones.
Get the UraniumX presentation
What to watch next
The next updates are tied to specific work and agreements.
Laboratory assay results
Results from the completed nine-hole drill program are expected to provide the next detailed project update.
Acquisition closing and technical report
The transaction is expected to close in Q3 2026 following the customary closing process. An updated technical report is being prepared.
Partner-funded exploration
The planned Zoo Bay gravity survey and NeoCore exploration are designed to advance these projects through partner funding.
Leadership and technical experience
The people guiding the company and its exploration work.
UraniumX combines public-company leadership, capital-markets experience and decades of uranium exploration knowledge.
Chief Executive OfficerEsen Boldkhuu
Leads company strategy, financing and corporate development, with experience across mining capital markets and public-company communications.
President and Chief Operating OfficerKirby Renton
Brings experience in capital markets, corporate development, financing and the structuring of project agreements.
Director of Exploration and Chief GeologistKenneth Wheatley, P.Geo.
Brings more than 47 years of mining experience, including extensive Athabasca Basin work, and was part of teams credited with eight uranium discoveries.
Strategic AdvisorVincent Martin
Former CEO of Orano Canada with more than 37 years of uranium exploration, development and operations experience.
Headshots and leadership information: UraniumX Q3 2026 company presentation.
Continue your research
Get the complete UraniumX company presentation.
The presentation brings the projects, management team, company structure and upcoming milestones together in one document.
- Project maps and technical context
- Ownership and agreement details
- Management, capital structure and 12-month milestones
Keep following Murphy Lake
Get the Murphy Lake laboratory results when released.
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