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Updates from Uranium Exploration Programme, USA
Updates from Uranium Exploration Programme, USA.
About this update from Metals One Plc
[{"type":"text","content":"\n\n25 June 2025 \n \nMetals One Plc\n(\"Metals One\" or the \"Company\")\n \nFurther Updates from Uranium Exploration Programme, USA\n \n Uravan Uranium-Vanadium Exploration Update, Colorado\n \nPhase 1 exploration advances at Uravan Uranium-Vanadium Project, Colorado, with expanded survey coverage and geochemical sampling\n \nMetals One Plc (AIM: MET1), a minerals exploration and development company, is pleased to provide a further update on Phase 1 exploration activities at the Uravan Uranium-Vanadium Project in Colorado (\"Uravan\" or the \"Project\") which were initiated in May 2025. \n \nAs previously announced, the Company has begun exploration work in anticipation of completion of the acquisition of Uravan, including award of the 10-year exploration leases, and will make a further announcement at that point. Completion of the acquisition remains subject to various conditions as outlined in the 24 April 2025 announcement.\n \nHighlights\n \n· Expanded Phase 1 exploration programme now includes over 30km of geophysical grid surveying\n· Mapping, sampling and analysis (as announced on 4 June 2025) is continuing across historical workings, adits, and surface anomalies\n· Historical data analysed reveals uranium potential in both the Morrison and Chinle Formations at the Project (as indicated in the 4 June 2025 announcement)\n· Rock samples have now been sent for analysis to certified labs in Nevada\n \nThe Phase 1 exploration programme at Uravan has been significantly expanded to incorporate a wider review area, extending from an initial one-mile radius to three miles. This expansion is based on digital datasets from the U.S. Geological Survey (\"USGS\") and other archived exploration data accessed through the USGS Library in Colorado. As previously announced, the target formations, primarily the Morrison Formation, are known to host uranium-vanadium mineralisation within the Uravan Mineral Belt - the most productive uranium district in U.S. history. This exploration programme follows a similar approach to that at Squaw Creek noting the Company has engaged the same exploration consultants on both projects.\n \nTechnical activities underway\n \nThe ground-based geophysical survey util...