Global Uranium Enters Into Option Agreement With Cosa Resources for the Astro Uranium Project in the Athabasca Basin, Saskatchewan, Canada

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[{"type":"text","content":" CALGARY, Alberta, April 09, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the \"Company\") is pleased to announce that it has entered into an option agreement (the “Option Agreement” or the “Agreement”) with Cosa Resources Corp. (TSXV: COSA, OTCQB: COSAF, FSE: SSKU) (“Cosa”) to earn up to an 80% interest in the Astro Project (the “Project”), located in the prospective and infrastructure rich eastern Athabasca Basin, Saskatchewan. The Project (presented in Figure 1) spans over 45,000 hectares and captures approximately 40 kilometers of underexplored magnetic lows with potential extensions of the McArthur River/Fox Lake structural corridor, significantly expanding the Company’s exploration portfolio. Figure 1. Location of the Astro Project within the Athabasca Basin of Saskatchewan, Canada. Under the terms of the Option Agreement, the Company can earn up to an 80% stake in the Project over five stages by sole-funding exploration expenditures and completing cash payments and common share issuances to Cosa. Upon fulfilling the obligations of each phase of the Option Agreement, the Company will earn an increasing ownership interest in the Project (please see Table 1 below), culminating in an 80% ownership interest in the event that the option on the Project is fully-exercised (Table 1). Cosa is to act as the operator during the first four phases of the Agreement and will receive a standard operator fee for its management of the Project. Assuming the Company completes Phase 1 and Phase 2 of the Option Agreement, the Company and Cosa will form a joint venture with respect to the Project. In the event that the Company exercises the Phase 1 option but does not complete exercise of the Phase 2 option, then it shall not acquire any interest in the Project. Table 1. Summary of the development phases. Phase Cash Payment Share Issuance Exploration Time Frame Project Ownership Signing   100,000 - - - 1 $100,000 200,000 $500,000 End of 2025 20%* 2 $100,000 300,000 $1,500,000 End of 2026 35% 3 $200,000 500,000 $2,000,000 End of 2027 50% 4 $200,000 500,000 $2,500,000 End of 2028 65% 5 $200,000 1,000,000 $3,000,000 End of 2029 80% *Forfeited if Phase 2 exercise not completed. The issuance of common shares pursuant to the Option Agreement is subject to approval by the Canadian Securities Exchange...

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