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U92 Closes Acquisition of Comprehensive Historical Technical Dataset for its Kurupung Uranium Project
Toronto, Ontario--(Newsfile Corp. - June 19, 2026) - U92 Energy Corp. (TSXV: UTWO) (the "Company" or "U92") is pleased to announce that, further to its news release dated June 1, 2026, it has received TSX Venture Exchange approval and closed a binding Asset Purchase Agreement to acquire the complete historical technical and exploration dataset relating to the Kurupung Uranium Project in Guyana (the "Transaction").Pursuant to the Transaction, U92 has issued 1,030,927 common shares of the Company.
About this update from U92 Energy Corp.
Toronto, Ontario--(Newsfile Corp. - June 19, 2026) - U92 Energy Corp. (TSXV: UTWO) (the "Company" or "U92") is pleased to announce that, further to its news release dated June 1, 2026, it has received TSX Venture Exchange approval and closed a binding Asset Purchase Agreement to acquire the complete historical technical and exploration dataset relating to the Kurupung Uranium Project in Guyana (the "Transaction"). Pursuant to the Transaction, U92 has issued 1,030,927 common shares of the Company (the "Shares") at a deemed price of $0.485 per Share to the arm's-length vendor. The Shares are subject to a statutory four-month hold period in accordance with applicable Canadian securities laws. Adam Clode, Executive Chairman and CEO of U92, stated, "Securing ownership of exploration work completed over more than a decade at Kurupung is a pivotal milestone that materially strengthens the project's technical foundation ahead of an updated mineral resource estimate and inaugural drill program. By completing the transaction on an all-share basis, U92 has enhanced the value of its asset while preserving capital for exploration." About U92 Energy Corp.: U92 Energy Corp. is a Canadian exploration company listed on the TSX Venture Exchange. The Company is focused on the exploration and advancement of its high-quality, advanced-stage uranium assets in South America. The Company's flagship Kurupung Project is situated in the Republic of Guyana, boasting over 129,723 metres of drilling and a historical Indicated mineral resource of 10.6 million pounds, and an Inferred mineral resource of 10.0 million pounds, at a cut-off grade of 0.03% (300ppm) U₃O₈. The historic mineral resource occurs in four deposits where mineralization remains open along strike and down plunge. There are eight additional targets where 14,000m of prior drilling intersected significant U₃O₈ grades that require further drilling for inclusion into the Company's anticipated updated mineral resource estimate. The Company is committed to systematic exploration and disciplined capital allocation as it unlocks the full value of the Kurupung Project and positions itself as a leading uranium-focused exploration and development company in South America. Find out more about U92 Energy Corp. (TSXV: UTWO), visit the Company's website at www.u92c...