Business

Eastport Commences Drilling Immediately North of Africa's Largest Known Uranium Deposit

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Penbar Capital Ltd., to be ren...

articleEastport Critical Metals Corp.December 9, 20254/company/eastport-critical-metals-corp/news/eastport-commences-drilling-immediately-north-of-africas-largest-known-uranium-deposit
Eastport Commences Drilling Immediately North of Africa's Largest Known Uranium Deposit

About this update from Eastport Critical Metals Corp.

[{"type":"text","content":"Eastport Commences Drilling Immediately North of Africa's Largest Known Uranium DepositVancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Penbar Capital Ltd., to be renamed \"Eastport Critical Minerals Corp.\" (TSXV: EVI) (\"Eastport\" or the \"Company\") announces the launch of Phase 1 Drilling at the Foley Uranium project in Botswana, consistent with the Company's multi-asset exploration and development campaigns. Highlights:Drilling commenced on 5,000m Foley Uranium Phase 1 RC drilling campaignBorders the Lotus Resources 114 Mlb Letlhakane Deposit - one of the world's largest undeveloped uranium resources (365 Mt @ 307 ppm U₃O₈) [see figure 1]First Drilling of the Northern Extension - Phase 1 RC Drill program to test a continuous 15km+ radiometric anomaly trending directly into Foley. [see figure 2]Langer Heinrich-Style paleo-channel uranium deposit, targeting shallow (40-80 m), redox controlled mineralisation in heap-leach amenable sandstones.Within less than one month from admission to the TSX-V, the Company has commenced three critical metals drill programs targeting Copper, Rare Earth Elements and now Uranium. All three programs are running concurrently, demonstrating the Company's commitment to timely and cost-effective exploration. [Figure 1: Foley Location]To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8324/277374_9a713b41e45fca4f_001full.jpgRick Bonner, Director & VP Exploration, commented, \"The best place to look for a deposit is adjacent to an existing one in the same geological terrane. The mineralised system that hosts the world-class Letlhakane Uranium Deposit has been mapped trending northward, and our licence sits directly along strike of this increasing focused feature.\"Paleo-channels are ancient riverbeds that act as natural conduits for uranium-enriched groundwater. When this groundwater encounters reducing conditions within the channel, the uranium precipitates out of solution, concentrating mineralisation in shallow sandstones.\"Our first drill fence (green drill sites in figure 2 below), immediately north of the Lotus Licence, will give us crucial information on the geological controls determining direction, depth and grade within this extensive paleo-channel system.\"[Figure 2: Phase 1 Foley Drill Hole Location...

More updates from Eastport Critical Metals Corp.