Brooke Clements, President and CEO of North Shore stated: “The Rio Puerco project of North Shore in the Uranium Uranium district of New Mexico, organizes an important historical Uranium source with an excellent advantage. The release of 27 new claims is a supplement to the strategy of the company to confirm and expand the size of uranium mineralization from earlier work performed at Rio Puerco, while the potential for ISR Uranium Recovery is further assessed. “
Rio Puerco Work Historical Source
Uranium was first discovered in Rio Puerco in 1968. The claims about the discovery were eventually chosen for Kerr-Mcgee Corporation that drilled more than 1,000 holes. Based on the results of that work, they started the development of the Rio Puerco -my in the 1970s. Uranium mineralization is organized in sandstone of the Morrison formation of the Jurassic age, hosts almost all important uranium deposits in the Uranium district, the largest historical uranium-producing area in the United States. The mine was meant as a room and an underground pillar, but was never put into production. The activity stopped after a short test phase due to low uranium prices at that time. The underground mining infrastructure included a vertical shaft of 260 m, ventilation shafts, mining adits and support buildings. The Mijnenas remains and access to the road to the site is excellent.
In 2009, Monaro Mining NL (“Monaro“) An independent geological assessment and estimate of the resource commissioned for Rio Puerco with the help of exploratory data generated by Kerr-Mcgee in the sixties and seventies.3O8 (EU3O8), geological logs and borehole survey data. Monaro reported a Jorc 2004-compliant derivative source of 6.0 million tons at an average degree of 0.09% EU3O8 Using a Cutoff figure of 0.03% EU3O8 You contained for 11.4 million pounds3O8 [1]. Jorc is the Australian Joint Ore Reserves Committee, a professional practical code that determines minimal standards for public reporting of mineral resources.
In 2011, Australian-American Mining Corporation Ltd. A technical report on Rio Puerco instructed. This most recent report Validated and confirmed the historical source[2].
The historic source that was outlined in this press release has not been verified and may not be trusted. It is a historical estimate and not current and does not meet the Canadian NI 43-101 guidelines for the reporting of mineral resources. A qualified person did not verify the estimate of historical resources on behalf of the company and North Shore has not completed work programs at Rio Puerco. Although not up -to -date, the company regards the historical source estimates as reliable and sufficient to justify the initiation of work programs aimed at validating and possibly expanding the estimates. There is no guarantee that the work programs proposed by North Shore will ultimately result in the definition of NI 43-101 conforming means.
The 27 new BLM claims are subject to the Rio Puerco option agreement, including North Shore, has the right to acquire up to 87.5% interest in Rio Puerco from Resurrection Mining LLC (“Resurrection“). More information about Rio Puerco can be found in the news items of the company dated June 24, 2025And August 28, 2025.
The most important assumptions, parameters and methods that are used to prepare the estimate of the historical resources are described in the technical reports of the reference to.
Share compensation
On 10 September 2025, the Board of Directors of the Company approved a subsidy of a total of 1,625,000 limited stock units (“RSUs“) To directors, officials and consultants of the company under the shareholder of the company approved stock incentive plan. The RSUs will be established on the first birthday of the subsidy date and will be arranged in accordance with the Equity Incentive Plan.
In addition, a total of 2,075,000 stock options were granted on the basis of the shareholder of the shareholder of the company stock option plan to directors, officials and consultants of the company, and the holder to give the right to buy one common share at a purchase price of $ 0.175 per common share for a period of five (5) years of the subsidy. The stock options will be immediately based on Grant.
The securities issued on the basis of the stock exchanges described herein are subject to a legal hold period of four months and one day from the date of issue in accordance with the applicable Canadian securities laws and the policy of the TSX Venture Exchange. The equity subsidies described herein remain subject to the approval of the TSX Venture Exchange.
About North Shore
The nuclear energy industry is in growth mode, because more nuclear energy will be needed to meet the ambitious CO of the world2 Emission reduction goals and the needs of new power-intensive technologies such as AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium -producing areas of law such as Saskatchewan and New Mexico. North Shore is well positioned to become an important force in exploration for economic uranium deposits. The company works to achieve this goal by exploring Rio Puerco in the Uranium district of New Mexico and its Falcon and West Bear properties on the eastern edge of the Athabasca basin in Saskatchewan. Moreover, the company continues to evaluate quality opportunities in the United States and Canada as a supplement to its portfolio of uranium properties.
Qualified person
Mr. Brooke Clements, MSc, P.Geol., A qualified person as defined by National Instrument 43-101 – Standards for disclosure for mineral projects And the president and CEO of North Shore has assessed and approved the scientific and technical disclosure in this press release.
On behalf of the board
Brooke Clements,
President, Chief Executive Officer and Director
For more information:
Contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
E -Mail: b.clements@northshoreuranium.com
www.northshoreuranium.com
Neither the TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
Foresighting statements
This press release contains future -oriented statements. All explanations, other than explanations of the historical facts, that tackle activities, events or developments that the company believes, expects or anticipate will or can occur in the future his future -oriented statements. These statements reflect the current expectations of management based on information currently available and are subject to a number of risks and uncertainties that can lead to the actual results being substantially different from those discussed in the future -oriented statements. Forward statements in this release include, but are not limited to: the plans of the company to confirm and expand the scale of uranium mineralization at the Rio Puerco project; The potential for In-situ Restoration (ISR) mining at Rio Puerco; the initiation and results of work programs aimed at validating and possibly expanding historical estimates of resources; The ability of the company to acquire a maximum of 87.5% in the Rio Puerco project and to create a joint venture with Resurrection Mining LLC; the subsidy, fortress and settlement of limited share units and stock options under the company’s share stimulus plans; The ability of the company to attract and maintain directors, officers and consultants through share compensation; The company’s strategy to become an important force in uranium exploration and to evaluate extra opportunities in the United States and Canada; The actual results of current and planned exploration activities, including the potential for the definition of a mineral deposit of potential economic value at the Falcon ownership of the company in Saskatchewan and Rio Puerco in New Mexico; the ability of the company to meet milestones and make bonus payments for resurrection; the interpretation and meaning of completed and future geophysical surveys, drilling results and economic evaluations; the availability of sufficient financing on conditions that are acceptable for the company to complete planned work programs; the timing and receipt of required approvals for legal and government; And other statements that are not historical facts. Forward-looking statements are frequently characterized by Words Such as “plan”, “Appear”, “Interpret”, “Coincident”, “Potential”, “Confirm”, “Suggest”, “Evaluate”, “Encourage”, “Anomaly,” Aspinaly, “ASMAALY,” ASMAALY, “ASINALALY,” ASINALALY, “ASINALALY,” ASINALYY, “ASINALALY,” ASININALYY, “ASININALYY,” ASININALYALY, “As. Well as Other Similar Words or Statements That Certain Events Or Conditions “Could”, “May”, “Should”, “would” or “Will” Occur. These statements are subject to various risks and uncertainties that can ensure that the actual results differ material from those who are expected or implied, including, but not limited to: the speculative nature of mineral exploration and development projects; the ability to obtain necessary permits and approvals; Changes in project plans and parameters; Variations in mineral figures and recovery percentages; Accidents, labor disputes and other risks of the mining industry; the availability of financing on conditions that are acceptable to the company; Delays in obtaining approvals or financing the government; fluctuations in metal prices; And other factors described in the company’s public disclosure documents. There may be other factors that cause the actual results, performance or performance, equipment differences from those expected or implied by the future -oriented explanations. Every future -oriented statement only speaks from the date on which it is made and, except as required by the applicable securities, the company accepts an intention or obligation to update a future -oriented statement, either as a result of new information, future events or results or otherwise. Looking for explanations are no guarantees for future performance and accordingly, unwanted dependence should not be made on such statements due to the inherent uncertainty in it. All future -oriented statements in this press release are explicitly qualified in their entirety by this warning statement.
[1] (250% increase in release).link))
[2] Boyer, D. and Ostensoe, E., 2011, NI 43-101 Technical Report, Rio Puerco Deposit, Sandoval County, New Mexico, US: Independent Report commissioned by the Australian-American Mining Corporation Ltd.: (((link))
Source
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