GTI Energy (GTR:AU) has announced Scoping Study Demonstrates Low Cost Potential (Replacement)
Download the PDF here.
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Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’) is pleased to announce that it has engaged a drilling contractor and has committed to testing the exciting CST (Comstock) gold-silver prospect (the CST Prospect) within the Cobungra Project (EL 7073) in July. Cobungra is located within the Lachlan Fold Belt in NE Victoria and was recently acquired by Infinity from Highland Resources Limited (ASX announcement 31 March 2025) as part of the Company’s transition to a focus on precious metals in Australia.
KEY POINTS
- Drilling contractor contracted, drilling set to commence early July.
- Exploration will test high priority CST Prospect (gold-silver) at Cobungra.
- Undrilled geophysical target with coincident high-grade gold rock chip samples.
- Gold focus in Australia the immediate priority to enhance company value going forward.
Infinity has moved quickly to commit to drill testing its recently acquired gold-silver-copper Projects and expand its holding of high-grade gold exploration ground within the Victorian portion of the rich Lachlan Fold Belt (Figure 1).
CST Prospect, Cobungra Project
The CST Prospect is located along strike (approx. 2,000m) from the previously drilled (5 holes) Forsyth Prospect also located within EL7073 which returned high-grade gold and silver intercepts including 5.35m @ 4.7g/t gold (Au), 334 g/t silver (ag) from 143m (ASX release dated 31 March 2025). Gold and silver mineralisation at both the Forsyth and CST Prospects is interpreted to be related to the Ensay Shear which is a laterally continuous structure running NW-SE through the tenement. Along strike, approx. 5km to the SE, is the proximal to the +300,000 oz Au Cassilis gold deposit (319,500 oz Au deposit JORC 2012, ABA Resources https://www.abaresources.com.au/portfolio.php). The Company believes that the strike of the Ensay Shear is a prospective exploration horizon.
The CST Prospect (Comstock) is an obvious and exciting initial drilling priority as Infinity targets precious metals in Australia. The CST Prospect presents an excellent drill target based on some historic gold-silver workings with a programme of rock chip sampling and geophysical surveying (I.P) 2013-2014 identifying coincident anomalies. These will be drilled in a small, first-pass drill campaign (approximately 6 holes for 800m). The CST Prospect has never been drilled and this is a first pass drilling campaign designed to identify further priority targets and areas of geological interest.
There are at least seven quartz vein-type gold (silver) lodes distributed in the CST Prospect Mineral Occurrence, with traced length of 20m~80m and width of 0.1m~2.0m. These lodes are nearly parallel, strike NNE and dip to SEE at a dip angle of 65°~80° (Figure 2). These lodes are interpreted to be ‘tension gashes’ running oblique within the dominant NW-SE striking Ensay Shear.
Refer to ASX release 31 March 2025 “Infinity Acquires Gold Projects”. Infinity is not aware of any new information that materially affects the information included in this announcement
Click here for the full ASX Release
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Here’s a quick recap of the crypto landscape for Wednesday (June 4) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$105,057, as markets closed, down 1.1 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$104,648 and a high of US$105,484.
Bitcoin price performance, June 4, 2025
Chart via TradingView
Despite the price dip, institutional interest remains strong. Heath care technology provider Semler Scientific (NASDAQ:SMLR) recently acquired 185 BTC for US$20 million, bringing its total holdings to 4,449 BTC (US$500 million), underscoring continued confidence in Bitcoin’s long-term value.
Market analysts are closely monitoring key resistance levels, with some anticipating a potential breakout that could influence broader cryptocurrency market dynamics in the days ahead. Crypto analyst Michaël van de Poppe suggested that a breakout above US$107,500 could pave the way for a new ATH for Bitcoin and potentially push Ethereum’s price to US$3,000, identifying that level as a key area of concentrated derivatives market liquidity.
Ethereum (ETH) finished the trading day at US$2,629.53, a 0.3 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,609 and saw a daily high of US$2,667.
Altcoin price update
- Solana (SOL) closed at US$155.69, down 3.1 percent over 24 hours. SOL experienced a low of US$155.60 in the final minutes of trading and reached a high of US$157.54.
- XRP is trading at US$2.22, reflecting a 2.7 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.21 and a high of US$2.26.
- Sui (SUI) peaked at US$3.22, showing a decreaseof 3.2 percent over the past 24 hours. Its lowest valuation on Wednesday was US$3.19, and its highest was US$3.24.
- Cardano (ADA) is trading at US$0.6746, down 2.4 percent over the past 24 hours. Its lowest price of the day was US$0.6742, and it reached a high of US$0.6900.
Today’s crypto news to know
Hong Kong to launch digital asset derivatives trading
According to a local report, Hong Kong’s securities regulator plans to launch digital asset derivatives trading for professional investors to broaden market offerings and strengthen Hong Kong’s position in the global digital asset space.
The Hong Kong Securities and Futures Commission (SFC) emphasizes prioritizing robust risk management, mandating that trades occur ‘in an orderly, transparent and secure manner.’
To further enhance preferential tax regimes for funds, single-family offices and carried interest virtual assets will be designated as qualifying transactions for tax concessions. This initiative aims to draw a greater number of significant international fintech firms to establish operations in Hong Kong, recognizing their potential contribution.
Bybit enhances security measures
Following a hack resulting in the loss of approximately US$1.4 billion worth of ETH in February, Bybit unveiled a comprehensive security enhancement today, as reported to Cointelegraph. This upgrade involves three key pillars:
First, Bybit has fortified its security auditing processes, both internally and externally, by implementing 50 new security measures.
Second, the company has strengthened its cold wallet protocols. This includes instituting a revised operational safety procedure that mandates continuous supervision by security experts, integrating multiparty computation (MPC) for enhanced protection, and consolidating hardware security modules (HSMs).
Lastly, Bybit has achieved ISO/IEC 27001 certification for information security risk management. In addition, all internal and customer communications, as well as data storage, are now fully encrypted.
WEF speculates DePIN market could reach US$3.5 trillion in three years
According to a report published on Tuesday (June 3) by the World Economic Forum (WEF), the convergence of blockchain and AI could see the DePIN market exceed US$3.5 trillion by 2028.
The report cites the emergence of decentralized physical AI (DePAI) as a catalyst for the industry’s growth, referring to it as a “fundamental shift” in AI agent interactions with physical infrastructure and external data.
Yet the report notes that companies face challenges when it comes to determining which developments to invest in and which are too immature to drive significant business value. It mentions that allocating limited resources across different technology maturity levels requires a disciplined approach to technology assessment that goes beyond traditional ROI calculations, recommending a balanced portfolio approach that considers future value and business model innovation potential.
Trump-Linked Truth Social Takes Aim at Spot Bitcoin ETF Market
Interest in crypto-linked investment products continues to grow, with NYSE Arcafiling a proposal to list a spot Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s media platform, Truth Social.
Submitted on behalf of Yorkville America Digital, the proposed ‘Truth Social Bitcoin ETF’ would enter an increasingly competitive field of spot Bitcoin ETFs. If approved, it would be custodied by Foris DAX, the same provider used by Crypto.com.
While the 19b-4 filing marks a key regulatory milestone, the ETF must still undergo US Securities and Exchange Commission (SEC) review of its S-1 registration statement before it can move forward.
JD Vance reveals Bitcoin Reserve Act is on the way
At the Bitcoin 2025 conference, Frax Finance founder Sam Kazemian disclosed his private conversation with Vice President JD Vance, who revealed the administration’s sweeping crypto roadmap.
According to Kazemian, Vance confirmed that stablecoin legislation is only the starting point, with a broader market structure bill and a Bitcoin Reserve Act also in the pipeline.
This reserve act would codify Bitcoin as a long-term federal asset, mirroring how some countries hold gold. Vance emphasized bipartisan support and framed crypto as central to economic innovation.
Kazemian also noted that Frax USD, his stablecoin project, may be designated legal tender under the upcoming legislation.
Trump-Linked Truth Social Takes Aim at Spot Bitcoin ETF Market
Interest in crypto-linked investment products continues to grow, with NYSE Arcafiling a proposal to list a spot Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s media platform, Truth Social.
Submitted on behalf of Yorkville America Digital, the proposed ‘Truth Social Bitcoin ETF’ would enter an increasingly competitive field of spot Bitcoin ETFs. If approved, it would be custodied by Foris DAX, the same provider used by Crypto.com.
While the 19b-4 filing marks a key regulatory milestone, the ETF must still undergo US Securities and Exchange Commission (SEC) review of its S-1 registration statement before it can move forward.
GENIUS Act nears Senate vote amid sharp partisan divide
The bipartisan GENIUS Act, aimed at regulating stablecoins, could reach the Senate floor by the end of the week, according to journalist Eleanor Terrett.
Passed out of committee with a strong 66-32 vote in May, the bill still faces turbulence due to over 60 proposed amendments.
Much of the friction stems from concerns over conflicts of interest tied to Trump’s crypto engagements, including his backing of the USD1 stablecoin.
Lawmakers are now scrambling to trim the amendment list to a “manageable” level that both parties can agree on.
If consensus is reached, the Senate could vote within days — but failure to compromise may delay the bill into next week. The bill’s progress is closely watched by the US$248 billion stablecoin industry.
Trump-Linked crypto firm drops mini ‘stimulus check’ to wallets
World Liberty Financial, a Trump-family-backed crypto firm, sent US$47 worth of its USD1 stablecoin to every wallet involved in its WLFI token sale, effectively issuing a small-scale “stimulus check.”
The drop is being viewed as a marketing maneuver tied to growing momentum around the token, which is pegged to the US dollar and integrated with Chainlink’s CCIP for multichain expansion.
Though the amount is modest, it helped spur conversation on social media and drew attention to USD1’s role in major deals, including a US$2 billion investment into Binance by MGX.
World Liberty Financial currently boasts a US$200 million market cap for USD1 and is gearing up to release its own crypto wallet.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Premier American Uranium Inc. (‘PUR’ or ‘Premier American Uranium’) (TSXV: PUR, OTCQB: PAUIF) and Nuclear Fuels Inc. (‘NF’ or ‘Nuclear Fuels’) (CSE: NF, OTCQX: NFUNF) are pleased to announce that they have entered into an arm’s length definitive agreement (the ‘ Arrangement Agreement ‘) dated June 4, 2025, pursuant to which Premier American Uranium has agreed to acquire all of the issued and outstanding common shares of Nuclear Fuels (the ‘ NF Shares ‘) by way of a court-approved plan of arrangement (the ‘ Arrangement ‘ or the ‘ Transaction ‘). Nuclear Fuels holds a 100% interest in the Kaycee Uranium Project (‘ Kaycee ‘) located in Wyoming’s prolific Powder River Basin (Figure 1). The Kaycee Project spans a 35-mile trend of altered and mineralized sandstones, supported by over 4,200 drill holes and 430 miles of mapped roll fronts. In addition to Kaycee, Nuclear Fuels also holds five exploration-stage projects across key uranium districts in Wyoming, Utah, and Arizona.
Under the terms of the Arrangement, shareholders of Nuclear Fuels (‘ NF Shareholders ‘) will receive 0.33 of a common share of Premier American Uranium (each whole share, a ‘ PUR Share ‘) for each NF Share held (the ‘ Exchange Ratio ‘). Existing shareholders of Premier American Uranium and Nuclear Fuels will own approximately 59% and 41% (on a basic shares outstanding basis), respectively, of the pro forma outstanding PUR Shares on closing of the Arrangement. The Exchange Ratio implies consideration of C$0.43 per NF Share based on the 20-day volume weighted average price (‘ VWAP20 ‘) of PUR Shares on the TSX Venture Exchange (the ‘ TSXV ‘) on June 4, 2025. The Transaction represents a premium of 54% to the closing price of the NF Shares on the Canadian Securities Exchange (the ‘ CSE ‘) and a 46% premium to the VWAP20 of NF Shares on the CSE for the period ending June 4, 2025 1 . The implied equity value of the combined company (the ‘ Company ‘) is estimated at approximately C$102 million 2 .
Strategic Rationale for the Transaction
- Establishes America’s leading uranium explorer with a consolidated portfolio of 12 projects across key U.S. uranium districts, including estimated mineral resource of 18.6 Mlbs U 3 O 8 Indicated and 4.9 Mlbs U 3 O 8 Inferred at its Cebolleta Project in New Mexico 3 and exploration potential at several other projects in Wyoming, as indicated by the results of historical exploration drilling (Figure 2) and recent NI 43-101 technical reports. The combined project portfolio will span over 104,000 acres and includes projects from near-term development to early-stage exploration, supported by an extensive geological database that is expected to enable efficient resource conversion and targeted discovery potential. Additional assets in Colorado, Utah, and Arizona provide further growth potential.
- Enhanced presence in Wyoming, where the Company will have completed the most exploration drilling amongst Wyoming-focused in-situ recovery (‘ISR’) explorers in 2024. The Transaction unites PUR’s Cyclone Project in the Great Divide Basin with NF’s Kaycee Project in the Powder River Basin—two of Wyoming’s most important productive ISR regions. In 2024, the companies completed an aggregate of 368 holes on their respective properties totaling 209,490 feet, representing one of the largest ISR drilling exploration programs in the U.S. Both projects stand to benefit from shared technical expertise ahead of the 2025 drill season.
- Backed by founding shareholders Sachem Cove and IsoEnergy, along with sector leaders enCore Energy Corp. and Mega Uranium, the Company will have strong strategic ownership, deep development expertise, and a clear mandate for U.S. uranium consolidation. Estimated post-transaction ownership includes Sachem Cove Partners LLC (23.2%), enCore Energy Corp. (9.5%), IsoEnergy Ltd. (5.4%) and Mega Uranium Ltd. (2.3%).
- Fully funded for growth, with C$14M in cash 6 , the Company is expected to have financial flexibility to aggressively advance the combined portfolio and evaluate further M&A opportunities .
- Stronger capital markets profile, with a more diversified shareholder base and enhanced market capitalization, the Company is expected to have broader institutional, retail investor and ETF interest and increased visibility among research analysts .
Colin Healey, CEO of Premier American Uranium, commented, ‘Premier American Uranium is proud to pursue this Transaction to combine our assets with those of Nuclear Fuels. Kaycee is an exciting ISR prospect that, in combination with our own Cyclone Project, is expected to position PUR as one of the most active uranium explorers in Wyoming. While we target resource growth in Wyoming, we will continue to advance our Cebolleta Project in New Mexico along the development curve. This is the second major acquisition for Premier American Uranium within the last 12 months, and it adheres to our goal of growth during a time of pronounced optimism in the nuclear space. Finally, the joining of strengths and backers of the two companies is a notable merit to the deal, with IsoEnergy, enCore Energy Corp., Mega, and Sachem Cove all on the pro forma share register.’
Greg Huffman, CEO, President & Director of Nuclear Fuels, further added, ‘We believe this Transaction offers numerous merits for NF Shareholders. Primarily, we welcome the diversification and depth of the expanded asset portfolio across the key U.S. uranium jurisdictions, most notably a doubling down on exposure in Wyoming. An exploration focus is too rare amongst U.S. uranium miners, and the combined company will seek to fill that gap. Additionally, the strength of the combined shareholder registers and the increasingly important role of ETF ownership is expected to underpin the Company’s prospects going forward.’
About the Kaycee Project
Historic exploration at the Kaycee Project, including over 3,800 drill holes has confirmed uranium mineralization over more than 1,000 vertical feet in all three historically productive sandstones within the Powder River Basin, making the Kaycee Project unique as the only project in the Powder River Basin where all three formations—Wasatch, Fort Union, and Lance—are known to be mineralized and potentially amenable to ISR extraction. The majority of the mineralized trends have not yet been well-explored with drilling concentrated only on approximately 10% of the trend.
In September 2024, Nuclear Fuels released a NI 43-101 technical report for the Kaycee Project entitled ‘NI 43-101 Technical Report, Kaycee Uranium Project, Johnson County, WY, USA’ with an effective date of December 31, 2023. The technical report, prepared by WWC Engineering, identified an exploration target of 9.6 million tons at an average grade of 0.060% to 14.8 million tons at an average grade of 0.101 U 3 O 8 % 5 supported by available historical data from previous operators and recent exploration conducted by Nuclear Fuels.
Nuclear Fuels acquired the Kaycee Project from enCore Energy Corp. (‘ enCore ‘) in 2022 and has completed 411 exploration drill holes totalling 225,260 feet over the past two years. enCore retains a buyback option to acquire a 51% interest in Kaycee by making a cash payment equal to 2.5 times the exploration expenditures incurred by Nuclear Fuels and carrying the Kaycee project through to commercial production (with 49% of post-exercise project expenditures recoverable from net proceeds of commercial production). This buyback option is exercisable by enCore upon Nuclear Fuels establishing a NI 43-101 compliant estimate of measured and indicated mineral resources of greater than 15 Mlbs U 3 O 8 , or 20 Mlbs U 3 O 8 measured and indicated plus inferred resources, so long as total measured and indicated resources is at least 10 Mlbs U 3 O 8 .
Figure 1: Location of Nuclear Fuels’ Kaycee Project in Wyoming’s Powder River Basin, situated near Premier American Uranium’s Cyclone Project in the neighbouring Great Divide Basin.
Figure 2: Pro forma portfolio of 12 projects across key U.S. uranium districts.
Transaction Details
Pursuant to the terms of the Arrangement Agreement, all of the issued and outstanding NF Shares will be exchanged for PUR Shares based on the Exchange Ratio. Outstanding and unexercised warrants and stock options to purchase NF Shares will additionally be adjusted in accordance with their terms based on the Exchange Ratio.
The Arrangement Agreement includes standard deal protections, including non-solicitation and fiduciary out provisions with respect to Nuclear Fuels and a right-to-match in favour of Premier American Uranium, as well as certain representations, covenants and conditions that are customary for a transaction of this nature and a termination fee of $2 million payable to Premier American Uranium in certain circumstances.
The Transaction will be effected by way of a plan of arrangement completed under the Business Corporations Act (British Columbia). The Transaction will require approval by at least 66 2/3% of the votes cast by NF Shareholders and, if required by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, a simple majority of the votes cast by NF Shareholders excluding certain interested or related parties, in each case by shareholders present in person or represented by proxy at a special meeting of NF Shareholders to be called in connection with the Transaction (the ‘ NF Special Meeting ‘).
The NF Special Meeting is expected to be held in the third quarter of 2025. An information circular detailing the terms and conditions of the Transaction will be mailed to the NF Shareholders in connection with the NF Special Meeting. All NF Shareholders are urged to read the information circular once available, as it will contain important additional information concerning the Transaction.
Closing of the Transaction is subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, court and stock exchange approval. Closing of the Transaction is anticipated to occur in the third quarter of 2025.
None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and any securities issuable in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Management and Board of Directors
On closing of the Transaction, the Company’s board of directors is expected to be comprised of up to five members from the current directors or management of Premier American Uranium and two nominees from the current directors or management of Nuclear Fuels. The Company will be managed by the current executive team of Premier American Uranium, led by Colin Healey as CEO.
Nuclear Fuels Special Committee and Fairness Opinion
Nuclear Fuels established a special committee of its Board of Directors (the ‘ Special Committee ‘) to review the Transaction. The Special Committee engaged Evans & Evans, Inc. (‘ Evans & Evans ‘) to provide a fairness opinion with respect to the Transaction.
The fairness opinion provided by Evans & Evans confirmed that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be received by NF Shareholders pursuant to the Transaction is fair, from a financial point of view, to NF Shareholders.
The Special Committee unanimously recommended that the Board of Directors of Nuclear Fuels approve the Arrangement and that NF Shareholders vote in favour of the Transaction at the NF Special Meeting.
Board Recommendations and Voting Support
The Arrangement has been unanimously approved by the boards of directors of both Premier American Uranium and Nuclear Fuels, and Nuclear Fuels’ board unanimously recommends that its shareholders vote in favour of the Transaction.
Each of the officers and directors of Nuclear Fuels, along with enCore Energy Corp., holding collectively 21.19% of the outstanding NF Shares, have entered into customary voting support agreements with Premier American Uranium pursuant to which they have agreed, among other things, to vote their NF Shares in favour of the Transaction.
Haywood Securities Inc. has provided a fairness opinion to the Board of Directors of Premier American Uranium, to the effect that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications set out in such opinion, the consideration to be paid by Premier American Uranium pursuant to the Transaction is fair, from a financial point of view, to Premier American Uranium.
Canaccord Genuity Corp. has provided a fairness opinion to the Board of Directors of Nuclear Fuels, to the effect that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications set out in such opinion, the consideration to be received by NF Shareholders pursuant to the Transaction is fair, from a financial point of view, to NF Shareholders.
Advisors and Counsel
Haywood Securities Inc. is acting as financial advisor to Premier American Uranium. Cassels Brock & Blackwell LLP is acting as legal counsel to Premier American Uranium.
Canaccord Genuity Corp. is acting as financial advisor to Nuclear Fuels. Morton Law LLP is acting as legal counsel to Nuclear Fuels.
Qualified Persons
The scientific and technical information contained in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved on behalf of Premier American Uranium by Dean T. Wilton, PG, CPG, MAIG, and on behalf of Nuclear Fuels by Mark Travis, CPG, each of whom are consultants and contractors of Premier American Uranium and Nuclear Fuels, respectively, and each a ‘Qualified Person’ as defined by NI 43-101.
For additional information regarding PUR’s Cebolleta Project, including the current mineral resource estimate, please refer to the Technical Report entitled ‘The Cebolleta Uranium Project Cibola County, New Mexico, USA’ with an effective date of April 30, 2024, prepared by SLR International Corporation, available under PUR’s profile on www.sedarplus.ca .
For additional information regarding PUR’s Cyclone Project including the exploration target, please refer to the Technical Report entitled ‘Technical Report on the Cyclone Rim Uranium Project, Great Divide Basin, Wyoming, USA’ with an effective date of June 30, 2023, prepared by Douglas L. Beahm, P.E., P.G., available under PUR’s profile on www.sedarplus.ca.
For additional information regarding Nuclear Fuels’ Kaycee Project, including the exploration target, please refer to the Technical Report entitled ‘NI 43-101 Technical Report, Kaycee Uranium Project, Johnson County, WY, USA’ with an effective date of December 31, 2023, prepared by WWC Engineering, available under NF’s profile on www.sedarplus.ca .
About Premier American Uranium Inc.
Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, aiming to strengthen domestic energy security and support the transition to clean energy. One of Premier’s key strengths is the extensive land holdings in three prominent uranium-producing regions in the United States: the Grants Mineral Belt of New Mexico, the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado.
With current resources and defined resource exploration targets, Premier American Uranium is actively advancing its portfolio through work programs. Premier American Uranium benefits from strong partnerships, with backing from Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other institutional investors. The Company’s distinguished team has extensive experience in uranium exploration, development, permitting, and operations, as well as uranium-focused mergers and acquisitions—positioning PUR as a key player in advancing the U.S. uranium sector.
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale ISR amenable uranium projects towards production in the U.S. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee district under single-company control for the first time since the early 1980s. Currently planning its 2025 drill program following successful 2023 and 2024 drilling, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts defined by 3,800 drill holes. The Company’s strategic relationship with enCore Energy Corp., America’s Clean Energy Company, offers a mutually beneficial ‘pathway to production,’ with enCore owning an equity interest and retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming’s prolific Powder River Basin.
Contact Information
| Premier American Uranium Inc. Colin Healey CEO 1 (833) 223-4673 info@premierur.com www.premierur.com |
Nuclear Fuels Inc. Greg Huffman CEO 1 (647) 519-4447 info@nfuranium.com www.nfuranium.com |
Cautionary Statements
This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information and statements are based on numerous assumptions, including assumptions regarding the completion of the Arrangement, including receipt of required shareholder, regulatory, court and stock exchange approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Arrangement; the prospects of the combined company following completion of the Arrangement; that the anticipated benefits of the Arrangement will be realized; the anticipated timing of completion of the Arrangement; anticipated strategic and growth opportunities for the combined company; expectations regarding the U.S. uranium industry, including the demand for uranium; the exploration targets for the Cebolleta Project and the Kaycee Project, the prospects of the Cebolleta Project, including mineralization of the Cebolleta Project and plans with respect to preparation of an updated mineral resource estimate and preliminary economic assessment on the Cebolleta Project; any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development, expectations as to future exploration potential for any of the projects, any expectations as to the outcome or success of any proposed programs for the projects, any expectations that market conditions will warrant future production from any of the projects, and any other activities, events or developments that the companies expect or anticipate will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding the combined company following completion of the Arrangement; that the anticipated benefits of the Arrangement will be realized; that the Arrangement will be completed on the terms and timing currently anticipate; that all conditions to closing of the Arrangement will be satisfied, including receipt of required shareholder, regulatory, court and stock exchange approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Arrangement, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the parties’ planned exploration and development activities will be available on reasonable terms and in a timely manner. Although the assumptions made by Premier American Uranium and Nuclear Fuels in providing forward-looking information or making forward-looking statements are considered reasonable by management of each company at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain shareholder, regulatory, court or stock exchange approvals in connection with the Arrangement, failure to complete the Arrangement, failure to realize the anticipated benefits of the Arrangement or implement the business plan for the combined company, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known current mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals and the risk factors with respect to Premier American Uranium and with respect to Nuclear Fuels set out in the companies’ most recent annual management discussion and analysis and other filings which have been filed with the Canadian securities regulators and available under Premier American Uranium’s and Nuclear Fuels’ respective profiles on SEDAR+ at www.sedarplus.ca.
Although Premier American Uranium and Nuclear Fuels have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. Premier American Uranium and Nuclear Fuels undertake no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
_______________________
1 Premium is calculated using the 20-day VWAP of PUR Shares and NF Shares over all Canadian exchanges for the period ending June 4, 2025.
2 Calculated using the closing share price of PUR Shares on the TSXV on June 4, 2025 and the pro forma basic shares outstanding of the Company.
3 See NI 43-101 Technical Report on the Cebolleta Uranium Project Cibola County, New Mexico, USA – effective date April 30, 2024, prepared by SLR International Corporation.
4 Uranium resources in the Grants uranium district, New Mexico: An update Virginia T. McLemore, Brad Hill, Niranjan Khalsa, and Susan A. Lucas Kamat 2013.
6 Premier American Uranium Financial Statements as at March 31, 2025, Nuclear Fuels Financial Statements as at December 31, 2024.
5 The potential quantity and grade of the exploration targets are conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource; See NI 43-101 Technical Report on the Kaycee Uranium Project Johnson County, Wyoming, USA – effective date September 6, 2024, prepared by WWC Engineering.
Photos accompanying this announcement are available at :
https://www.globenewswire.com/NewsRoom/AttachmentNg/16e8e370-62c6-4088-826d-24c83f821270
https://www.globenewswire.com/NewsRoom/AttachmentNg/71533f9a-f05b-448c-bd00-2e64919946aa
News Provided by GlobeNewswire via QuoteMedia
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The bodies of two Israeli-American hostages abducted by Hamas on October 7 were recovered from southern Gaza during a military operation, according to a statement from Israeli military and the Shin Bet security agency.
Judy Weinstein-Haggai, age 70, and Gadi Haggai, age 72, were killed near their home in Kibbutz Nir Oz during the Hamas attack on southern Israel in 2023.
“Together with all the citizens of Israel, my wife and I extend our deepest condolences to the dear families,” Prime Minister Benjamin Netanyahu said in a statement.
The prime minister thanked the soldiers and commanders involved in the operation and vowed to return all remaining hostages held in Gaza.
“We will not rest and we will not be silent until all our hostages — both the living and the fallen — are brought home,” he said.
A spokesperson for Kibbutz Nir Oz said the bodies of the two hostages had been returned to Israel overnight and would be laid to rest.
The couple had four children and seven grandchildren.
In a statement the Kibbutz remembered Gadi as “a sharp-minded man, a gifted wind instrument player since the age of three, deeply connected to the land, a chef and advocate of healthy vegan nutrition and sports.” and Judy as “a poet, entrepreneur, creative spirit, and devoted advocate for peace and coexistence.”
A statement from the family, provided by the Nir Oz spokesperson expressed gratitude for the return of their missing loved ones.
“We are grateful for the closure we have been granted and for the return of our loved ones for burial — they went out for a walk on that Black Saturday morning and never came back. In this emotional moment, we want to thank the IDF and security forces who carried out this complex rescue operation and have been fighting for us for over a year and a half, and to everyone who supported, struggled, prayed, and fought for us and for all the people of Israel,” it said.
The family also thanked the US administration, the Israeli government, and the FBI for their “tireless work and ongoing support.”
This is a developing story and will be updated.
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More than one in three men in Australia reported using violence with an intimate partner in a first of its kind study which shows gender-based abuse is rising, despite years of national attention on the issue.
The research was part of a longitudinal study called Ten to Men by Australia’s Institute of Family Studies, which began in 2013 and now involves around 24,000 boys and men. Intimate partner violence is defined as emotional, physical and sexual abuse.
The study found that the number of men using violence with their partners has risen over the past decade. Last time the survey was conducted in 2013-2014, roughly 1 in 4 (24%) men had committed intimate partner violence. That figure rose to 1 in 3 (35%).
That equates to about 120,000 men using intimate partner violence for the first time each year, pointing to a worrying trend in a country which has long grappled with how to combat gender-based violence.
In 2022, the Australian government launched its 10-year National Plan to End Violence against Women and Children with a majority priority of advancing gender equality.
But since January last year, 100 women have been killed in Australia, according to Counting Dead Women. Recent protests have called for the government to do much more to end gender-based violence.
“The fact that one in three men in the study reported using intimate partner violence should shake every Australian,” said Tarang Chawla, a violence against women advocate and co-founder of Not One More Niki.
Chawla’s siter, Nikita, was killed by her ex-partner in 2015.
“She was one of the women these numbers speak to,” Chawla said. “We’ve known this is a crisis, but now we have the data to back what victim-survivors, families and advocates have been saying for years: this is widespread, and it’s preventable.”
Study shows father figures matter
Emotional abuse was the most common form of intimate partner violence reported in the Ten to Men study, with 32% of men reporting they had made an intimate partner “feel frightened or anxious,” up from 21% in 2013-2014.
And around 9% of the men reported they had “hit, slapped, kicked or otherwise physically hurt” an intimate partner.
Men with moderate or severe depressive symptoms were 62% times more likely to use intimate partner violence by 2022 compared to those who had not had these symptoms, while men with suicidal thoughts, plans or attempts were 47% times as likely, the study found.
The findings of the Ten to Men study not only underscore the extent of the problem – they also offer key lessons for policymakers looking to tackle the issue, said Sean Martin, a clinical epidemiologist and program lead for the study.
While much of the existing research in Australia on intimate partner violence has rightly focused on survivors and their stories, Martin said, this study takes a new approach by studying perpetrators to better understand how to prevent violence.
It’s the first Australian study to examine how affection in father-son relationships during childhood relate to later use of intimate partner violence.
The study found men with higher levels of social support in 2013-2014 were 26% less likely to start using intimate partner violence by 2022, compared to men who had less support.
Men with strong father-son relationships were also less likely to become violent. Men who strongly agreed that they had received affection from a father or father figure during childhood were 48% less likely to use intimate partner violence compared to men who strongly disagreed.
These findings lend strong support for initiatives to support men’s mental health in Australia, as well as community supports and programs for young dads, Martin said.
Susan Heward-Belle, a professor at the University of Sydney, said the study shows the importance of fathers modeling respect for women, emotional intelligence, empathy and compassion to their children.
“For a very long time, a lot of that emotional, social, nurturance-type work has been seen as women’s responsibilities within families.”
Heward-Belle, who was not involved in the Ten to Men study, said it is crucial to explore further how feelings of entitlement and anger can develop.
“We also know that there are some men who perpetrate domestic and family violence who arguably have had good relationships with both parents.”
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First, these parrots learned to open trash cans to forage for food. Now, they’ve taken it a step further – and have figured out how to turn on water fountains for a sip along with their meal.
These are Australia’s iconic sulphur-crested cockatoos – white birds with a yellow tuft on their heads, known for their loud, grating screech. But they’re also incredibly intelligent, with large brains and nimble feet that have allowed them to pick up new habits in urban environments.
The cockatoos in western Sydney, in particular, caught scientists’ attention with their latest trick of drinking from public fountains. After researchers first noticed this phenomenon in 2018, they tagged 24 birds and set up cameras near fountains in the area – then sat back and watched.
Throughout two months in the fall of 2019, they recorded most of the tagged birds attempting to drink from the fountains. Also known as bubblers, these fountains are operated by a twist handle – easy enough for a person to operate, but complex for an animal to figure out.
Yet, the cockatoos did. They used different techniques: some would stand with both feet on the handle, while others would put one foot on the handle and one foot on the rubber spout. Then, they’d lower their body weight to turn the handle clockwise – holding the handle in place while twisting their head to take a drink.
They weren’t always successful – it worked about half the time, and five of the 10 drinking fountains in the area had “chew marks” indicating cockatoos had been there before. But the success rate also meant that the cockatoos had likely been doing this for some time, said the researchers in their study, published Wednesday in the journal Biology Letters.
The team had studied Sydney’s sulphur-crested cockatoos before; in 2021, they published another paper examining the birds’ newly observed ability to lift closed trash bin lids with their beaks and feet to access the food inside.
These innovative behaviors aren’t just animals being amusing or clever – they show the birds’ ability to adapt to urban environments, and the power of social learning among animals, the researchers said.
There are some questions still unanswered. The researchers don’t know why exactly the cockatoos are flocking to drinking fountains, instead of other easily accessible natural water sources in the area. At first they thought the fountains might be a backup option on especially hot days when local creeks run dry – but that wasn’t the case.
Other theories are that the birds feel safer drinking from fountains in public areas where there are fewer predators, or that they simply prefer the taste of fountain water – but that would need further study to determine.
Now, the researchers want to know what else cockatoos can do – and any habits they may have already developed that just haven’t been studied yet.
“We’ve had some really interesting innovations reported to us, and some examples include unzipping school backpacks and stealing school lunches,” Aplin told ABC Radio. “It has become such a problem in some areas that they have to bring the school bags into the classroom rather than leaving them outside!”
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The number of newborns in Japan is decreasing faster than projected, with the number of annual births falling to another record low last year, according to government data released Wednesday.
The health ministry said 686,061 babies were born in Japan in 2024, a drop of 5.7% on the previous year and the first time the number of newborns fell below 700,000 since records began in 1899. It’s the 16th straight year of decline.
It’s about one-quarter of the peak of 2.7 million births in 1949 during the postwar baby boom.
The data in a country of rapidly aging and shrinking population adds to concern about the sustainability of the economy and national security at a time it seeks to increase defense spending.
Prime Minister Shigeru Ishiba has described the situation as “a silent emergency” and has promised to promote more flexible working environment and other measures that would help married couples to balance work and parenting, especially in rural areas where family values tend to be more conservative and harder on women.
Japan is one of a number of east Asian countries grappling with falling birth rates and an aging population. South Korea and China have fought for years to encourage families to have more children. Also on Wednesday, Vietnam scrapped decades-old laws limiting families to two children in an effort to stem falling birth rates.
The health ministry’s latest data showed that Japan’s fertility rate – the average number of babies a woman is expected to have in her lifetime – also fell to a new low of 1.15 in 2024, from 1.2 a year earlier. The number of marriages was slightly up, to 485,063 couples, but the downtrend since the 1970s remains unchanged.
Experts say the government’s measures have not addressed a growing number of young people reluctant to marry, largely focusing on already married couples.
The younger generation are increasingly reluctant to marry or have children due to bleak job prospects, a high cost of living and a gender-biased corporate culture that adds extra burdens for women and working mothers, experts say.
A growing number of women also cite pressure to take their husband’s surname as a reason for their reluctance to marry. Under Japanese law, couples must choose a single surname to marry.
Japan’s population of about 124 million people is projected to fall to 87 million by 2070, with 40% of the population over 65.
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New Zealand legislators voted Thursday to enact record suspensions from Parliament for three lawmakers who performed a Māori haka to protest a proposed law.
Hana-Rāwhiti Maipi-Clarke received a seven-day ban and the leaders of her political party, Debbie Ngarewa-Packer and Rawiri Waititi, were barred for 21 days. Three days had been the longest ban for a lawmaker from New Zealand’s Parliament before.
The lawmakers from Te Pāti Māori, the Māori Party, performed the haka, a chanting dance of challenge, last November to oppose a widely unpopular bill, now defeated, that they said would reverse Indigenous rights.
But the protest drew global headlines and provoked months of fraught debate among lawmakers about what the consequences for the lawmakers’ actions should be and whether New Zealand’s Parliament welcomed or valued Māori culture — or felt threatened by it.
A committee of the lawmakers’ peers in April recommended the lengthy punishments in a report that said the lawmakers were not being punished for the haka itself, but for striding across the floor of the debating chamber towards their opponents while they did it. Maipi-Clarke Thursday rejected that, citing other instances where legislators have left their seats and approached their opponents without sanction.
It was expected that the suspensions would be approved, because government parties have more seats in Parliament than the opposition and had the necessary votes to affirm them. But the punishment was so severe that Parliament Speaker Gerry Brownlee in April ordered a free-ranging debate among lawmakers and urged them to attempt to reach a consensus on what repercussions were appropriate.
No such accord was reached Thursday. During hours of at times emotional speeches, government lawmakers rejected opposition proposals for lighter sanctions.
There were suggestions that opposition lawmakers might extend the debate for days or even longer through filibuster-style speeches, but with the outcome already certain and no one’s mind changed, all lawmakers agreed that the debate should end.
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Snacktime is nigh at the Golden Arches.
On June 3, McDonald’s announced exactly when the Snack Wrap will return to partipating restaurants nationwide: July 10. And, thankfully, it’s not a limited-time offer, either — it’s here for good.
The Snack Wrap, which has been off menus for almost a decade, features one of the chain’s new McCrispy Strips — a chicken strip made with all-white meat — and is topped with shredded lettuce and shredded cheese, wrapped in a flour tortilla.
This go-round, the Snack Wrap comes in two flavors: Spicy, which McDonald’s says “brings the heat with a habanero kick” reminiscent of its Spicy McCrispy sandwich; and Ranch, which “delivers a satisfying burst of cool ranch goodness,” according to the brand, along with hints of garlic and onion.
Customers can get the Snack Wrap on its own or as a combo meal, which will come with two wraps, a medium fries and your drink of choice.
It’s been a long journey for Mickey D’s devotees: On Dec. 5, Joe Erlinger, president of McDonald’s USA, first revealed that the Snack Wrap was on its way back while discussing the new McValue menu.
“The Snack Wrap will be back in 2025,” Erlinger said at the time, declining to reveal the exact date. “It has a cult following, I get so many emails into my inbox about this product.”
Then, on April 15, the chain teased the official release date: “snack wraps 0x.14.2025,” it posted on X, without specifying the month.
Now, for the official rollout, McDonald’s is leaning into the fact that for years, fans have inundated the chain with pleas to reinstate the item after it was kicked off menus in 2016. A Change.org petition started in 2021 in its honor garnered over 17,000 signatures, and fans resorted to posting TikToks and making dedicated Instagram accounts devoted to bringing it back.
While the chicken-craving masses waited for the Snack Wrap’s return, other fast-food chains have dropped their own versions: In March 2023, Wendy’s introduced its Grilled Chicken Ranch Wrap; in July 2023, Taco Bell reintroduced its Crispy Chicken Taco for a limited time; and in August 2023, Burger King launched BK Royal Crispy Wraps for a limited time, too.
Most recently, a single day before McDonald’s announcement, Popeyes dropped its own Chicken Wraps as a limited-time offer. Let the wrap battle commence.
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