CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | FRA: Q3J) (the “Company”) is pleased to announce the successful processing of high-resolution aerial imagery and preliminary digital elevation models (“DEMs”) for its Airline #2 and Big Bend claims in Wyoming’s Copper Mountain and Great Divide districts. These advanced datasets will support the Company’s exploration capabilities:
Enhanced Radiometric Data Interpretation: High-resolution imagery and DEMs provide detailed surface context, enabling more accurate correlation of radiometric anomalies with geological features, which facilitates the targeting of prospective uranium mineralization zones.
Optimized Exploration Planning: Topographical data will assist the planning of drill pad locations and access routes, supporting efforts to minimize environmental impacts and improve operational efficiency in future exploration phases.
Baseline for Environmental Monitoring: Baseline imagery and elevation data supports the monitoring of site changes over time, ensuring responsible exploration practices.
Ungad Chadda, CEO of Global Uranium, commented, “The completion of these high-resolution models marks the next step in advancing our Wyoming exploration initiatives. Integrating this data with our recently collected radiometric data will help allow us to identify and prioritize high-potential targets.”
Global Uranium remains dedicated to advancing its exploration projects with a focus on environmental stewardship and operational excellence. The Company will continue to update stakeholders as exploration progresses.
The scientific and technical content of this news release has been reviewed and approved by Jared Suchan, Ph.D., P.Geo., VP of Exploration at the Company, and a “Qualified Person” as defined by National Instrument 43-101.
For a description of the Company’s data verification and QA/QC procedures, please see the Company’s technical report entitled NI43-01 Technical Report on the Northwest Athabasca Project, June 27, 2024, a copy of which is available under the Company’s profile at www.sedarplus.ca.
Figure 1 Example of improved aerial imagery on Airline #2. Left: Publicly available satellite imagery (Bing, 2024); Right: Orthomosaic image from 2024 drone survey.
Figure 2 Example of high-resolution Data Elevation Model on Big Bend claim. Left: Publicly available satellite imagery (Bing, 2024); Right: Hill-shaded and coloured DEM image from 2024 drone survey.
The Company also announces that it has engaged Euro Digital Media Ltd. (“EDM”) (address: 71-75 Shelton Street, Covent Garden, London, UK, WC2H 9JQ; email: info@eurodigitalmedia.co.uk) to provide marketing services for an anticipated period of 60 days, or until budget exhaustion, commencing on November 8, 2024, and provided that the term of the marketing services may be extended or shortened at the discretion of management.
EDM will, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword research, set up and manage remarketing campaigns, optimize keyword options, coordinate online advertisers and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company. The promotional activity undertaken by Euro Digital will occur on a www.wallstinvest.com landing page, and via Google ads and native advertising.
The Company will pay a fee of USD $500,000.00 (plus GST) to EDM. The Company will not issue any securities to EDM as compensation for its marketing services. As of the date hereof, to the Company’s knowledge, EDM (including its directors and officers) does not own any securities of the Company and has an arm’s length relationship with the Company.
ABOUT GLOBAL URANIUM CORP.
Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently has an interest in two uranium projects in Canada: the Northwest Athabasca Project in the Northwest Athabasca region of Saskatchewan, Canada; and the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada. The Company has also entered into an agreement to acquire five other uranium projects in several regions of Wyoming, USA, including the Great Divide Basin District, the Gas Hills District and the Copper Mountain District.
ON BEHALF OF THE MANAGEMENT TEAM
Ungad Chadda
CEO
587-330-0045
info@globaluranium.com
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.
Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/768ae519-d343-4691-8bd5-4d37a952ac5d
https://www.globenewswire.com/NewsRoom/AttachmentNg/ad3b049d-281c-45ef-b025-840599824232
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