Global Uranium Corp. Announces Termination of NWA Option Agreement
Company prioritizes its interests in other properties, including Airline and Astro Projects
CALGARY, Alberta, Dec. 09, 2025 (GLOBE NEWSWIRE) — Global Uranium Corp. (“Global Uranium” or the “Company”) announces that it has terminated its option agreement (the “Option Agreement”) with Forum Energy Metals Corp. (“Forum”) relating to the Northwest Athabasca uranium project (“NWA Project”) in Saskatchewan. As a result, the Company does not hold any interest in the NWA Project. The Company’s decision follows a strategic review of the Company’s portfolio of property interests, and reflects the Company’s decision to focus on deploying capital toward its property interests in Wyoming, where a recently completed radiometric survey identified key uranium anomalies on the Airline #2 property, and its interests in properties in other areas of Saskatchewan, including the Astro Project in the Eastern Athabasca Basin where a 1,480-line-kilometre helicopter-borne ZTEM survey revealed a ~25-kilometre northeast-trending conductive corridor with upside exploration potential.
Ungad Chadda, Chief Executive Officer, commented: “We wish Forum, and its new parent Geiger Energy, well in their future exploration efforts at the NWA Project. After a strategic review of our assets, we have determined that focusing our exploration resources on our other property interests, including the Airline and Astro projects, provides us with greater capacity to deliver near- and long-term exploration advancement. By concentrating our capital and team on these assets, we believe that we are positioning the Company for meaningful future progress and value creation.”
ABOUT GLOBAL URANIUM CORP.
Global Uranium Corp. is a North American uranium exploration company focused on advancing high-quality, strategically located projects. The Company is committed to responsible resource development and to delivering long-term shareholder value through disciplined capital allocation and technical excellence. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Astro Uranium Project with Cosa Resources Corp in the eastern Athabasca Basin, Saskatchewan; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.
ON BEHALF OF THE BOARD OF DIRECTORS
Ungad Chadda CEO and Director
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. In particular, this press release contains forward-looking information relating to, among other things, the Company’s intent to focus its resources on its other property interests; the exploration potential of the Company’s properties; and the Company’s ability to deliver near- and long-term exploration advancement, future progress and value creation.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the ability of the Company to dedicate resources to the exploration of its other properties; the Company’s ability to raise capital in the future on commercially reasonable terms, or at all; that the exploration results on the Company’s properties to date accurately reflect the exploration potential of these properties and that the Company will be able to successfully explore its properties to deliver exploration advancement, future progress and value creation.
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. Such factors include: the risk that the Company is unsuccessful at dedicating its resources towards its other properties, including as a result of the Company acquiring new properties or the occurrence of unforeseen events which require the Company to divert its resources to other uses; the risk that the exploration results on the Company’s properties to date do not accurately reflect the exploration potential of these properties; risks inherent in the exploration and development of mineral deposits, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; operational risks; regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; financing, capitalization and liquidity risks; title and environmental risks; and risks relating to the failure to receive all requisite regulatory approvals. 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.
