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Premier American Uranium Commences Drilling at Cebolleta as Part of 2026 Metallurgical Testing
TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR” or “Premier American Uranium” or the “Company”) (TSXV: PUR, OTCQB: PAUIF) is
About this update from Premier American Uranium Inc
[{"type":"text","content":" TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR” or “Premier American Uranium” or the “Company”) (TSXV: PUR, OTCQB: PAUIF) is pleased to announce that drilling has commenced at its Cebolleta Uranium Project in New Mexico (“Cebolleta” or the “Project”), marking an important step in the Company’s 2026 work program focused on advancing metallurgical optimization and project economics. The drill program is designed to support a comprehensive metallurgical testing campaign, previously announced in a press release dated March 27, 2026, with core samples to be used in a 42-week laboratory program aimed at optimizing the uranium recovery assumptions contained in the 2025 Preliminary Economic Assessment (“2025 PEA”), as detailed below. 2026 Drilling Program Highlights Drilling is underway with up to 16 PQ core holes to provide sufficient volume of test material, intended to be representative of underground mined rock from Sohio Areas I, II and III. Core samples will be selectively composited for mineralogical characterization, bottle roll recovery testing, and long-term column leach tests to simulate heap leaching. Results are expected to inform potential improvements to heap leach recovery and future economic studies. Core drilling is expected to conclude in June The metallurgical program, led by industry expert Dr. Terry McNulty and conducted at Hazen Research, will examine the efficacy of multiple oxidants, lixiviants, and application rates with the goal of optimizing heap-leach uranium recovery and informing key assumptions for future economic studies to unlock additional value from the Project. Colin Healey, CEO and Director commented, “The commencement of drilling at Cebolleta marks an important step forward as we advance a comprehensive metallurgical program aimed at optimizing recoveries and strengthening project economics. The 2025 PEA indicates that a 12.5% increase in metallurgical recovery (from 80% to 90%) could drive an approximate 90% (~US$75 million) increase in after-tax NPV (8%), (from US$84M to US$159M). With test work now underway, we are focused on generating the data needed to support the next phase of development with the aim of positioning Cebolleta as a key U.S. uranium project.” Figure 1: Core drilling underway at Cebolleta Uranium Project Figure 2: Mineralized PQ core from on...