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U92 Acquires Comprehensive Historical Technical Dataset for its Kurupung Uranium Project
Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - U92 Energy Corp. (TSXV: UTWO) (the " Compan...
About this update from U92 Energy Corp.
U92 Acquires Comprehensive Historical Technical Dataset for its Kurupung Uranium ProjectToronto, Ontario--(Newsfile Corp. - June 1, 2026) - U92 Energy Corp. (TSXV: UTWO) (the "Company" or "U92") is pleased to announce that it has entered into a binding Asset Purchase Agreement to acquire the complete historical technical and exploration dataset relating to the Kurupung Uranium Project in Guyana (the "Transaction"). The dataset reflects more than a decade of systematic exploration work and represents the core technical foundation supporting the 92 km² advanced-stage uranium project.Pursuant to the agreement, U92 will issue common shares of the Company with an aggregate deemed value of C$500,000 as consideration for the Transaction. The deemed issue price per share will be the greater of: (i) C$0.40 per common share; and (ii) the fifteen-day volume weighted average trading price of the Company's shares from the closing date of the transaction on the TSX Venture Exchange immediately prior to issuance. The shares will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws. Completion of the Transaction remains subject to TSX Venture Exchange acceptance.Based on information provided by the vendor, several million dollars was historically invested in generating and compiling the dataset. The Transaction provides U92 with direct ownership of a substantial body of technical work that would be both costly and time-intensive to replicate.Historical Technical Dataset OverviewThe dataset comprises the complete suite of technical materials generated across the Kurupung Project, including:Geological mapping, field reports and periodic technical reports across the licence areaTopographic maps, digital elevation models and satellite imagerySoil, rock chip, trench and channel sample data with locations, descriptions and assay resultsDrill header data, downhole gamma, deviation and RQD data for the historical drill databaseDrill core records including magnetic susceptibility, radiometric measurements, geological, structural and alteration logs, geochemical sample intervals and core photographyCompiled multi-element geochemistry database, assay certificates and QA/QC records, including reference standards, duplicates and blanksGround and airborne geophysical surveys, including magnetic, radiometric and radon data, with a...