Murmac Project

Overlooked and Underexplored

Dozens of uranium showings at surface and an 18M lbs U₃O₈ past producer at the Gunnar Mine⁴

Multiple conductor trends with 50+km of strike that is largely unexplored for basement-hosted vein deposits like Arrow and Triple R

Several radioactive ground water springs up to 15,000 counts per second above untested or poorly tested EM conductors

Shallow uranium intersections between 20m and 150 m below surface

Fully Funded

5,000m

25 DRILL HOLE PROGRAM HAS COMMENCED

Historical results have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers these results relevant to assess the mineralization and economic potential of the property. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

Why Saskatchewan?

The Athabasca Basin is home to the largest and highest-grade uranium deposits in the world

Over 900MM lbs of U₃O₈ produced³

Known resources of 1.34 billion pounds U₃O₈³

Highest Uranium Grades in the World by Country ¹

concept confirmed

Follow-up 4,000 m planned in 20 holes to start with an average depth of 200 m

45 targets identified to start including 28 new targets and 17 follow ups ready for drilling with more expected

High grade boulder assayed 8.82% U₃O₈ from the Armbruster Trend provides compelling support for high-grade basement-hosted mineralization on the project

Naturally occurring radioactive springs measuring 3,000 to 15,000 counts per second on handheld scintillometer provide additional exploration vectors

Multiple new targets expected as exploration advances and geophysical surveys are complete

The Patterson Corridor & >$5B in value creation

Patterson Corridor

2011

Discovery of the Patterson Lake Boulder Field by Garrett Ainsworth

2012

Triple R discovered by Alpha/Fission JV on 29th Hole

2014

Arrow Discovery by Nexgen with 21st Hole

2015

Triple R first Resource

2016

Arrow first Resource

2021

Arrow Feasibility Study

2023

Triple R Feasibility Study

Aero Energy

1950’s - 1980’s

70M lbs U3O8 production from the Beaverlodge

2020-2021

Geophysical and geological surveys completed by Fortune Bay and Standard Uranium – targets confirmed, more targets identified

2022-2023

10 new zones of anomalous uranium drilled

2026

Targeting New Discovery

What’s next?

¹ Information obtained from Saskatchewan Mineral Deposit Index, occurrence number 151.
² Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.
³ Saskatchewan Mining Association (SMA). (2024). Saskatchewan Uranium Industry Overview: Production, Resources, and Economic Impact. Annual Industry Profile.
Saskatchewan Geological Survey (SGS). (2023). Athabasca Basin Regional Mineral Endowment and Exploration Overview. Saskatchewan Ministry of Energy and
⁴ Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018

Technical Report

Technical Report 43-101
Effective Date: Febuary 7, 2024

Option Terms

Strike & Murmac Projects

Latest Murmac News

Manhattan Uranium and Fortune Bay Commence Drilling at the Murmac Uranium Project, Athabasca Basin, Saskatchewan

June 16, 2026

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June 4, 2026

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