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Cosa Resources Corp

TSXV:COSALive AI agent

Cosa Resources is focused on uranium exploration in the eastern Athabasca Basin, recognized as the best location for developing tier-1 uranium deposits.

Investor website: https://cosaresources.ca/

About

Cosa Resources is focused on uranium exploration in the eastern Athabasca Basin, recognized as the best location for developing tier-1 uranium deposits. The company has a successful track record in the region, strategic backing from Denison Mines, and a portfolio of promising projects. Cosa emphasizes disciplined, geology-led exploration, operating all its projects and partnering when necessary. The company is committed to systematic capital deployment, ensuring that drilling occurs only when targets are ready.

Verified company data

Cash position
$18M
Mineral resource
Cosa Resources’ 100% owned uranium land package comprises over 220,000 ha across multiple projects in the Athabasca Basin region, the world’s most prolific district for high-grade uranium discoveries. Many of Cosa’s projects are underexplored or virtually untouched by modern exploration and offer significant upside potential through discovery of the next tier-1 uranium deposit.
Projects
["Murphy Lake North: Denison Joint Venture - Mineralization intersected just 5-km east of the Hurricane deposit. [Learn More](https://www.cosaresources.ca/projects/denison-mines-strategic-collaboration/murphy-lake-north)","Darby: Denison Joint Venture - Abundant drill targets west of the Cigar Lake Mine. [Learn More](https://www.cosaresources.ca/projects/denison-mines-strategic-collaboration/darby)","Packrat: Denison Joint Venture - Underexplored and under shallow sandstone cover. [Learn More](https://www.cosaresources.ca/projects/denison-mines-strategic-collaboration/packrat)","Ursa: Located 45 kilometres west of the McArthur River mine and over 60,000 hectares in size, Ursa captures more than 60 kilometres strike length of the Cable Bay Shear Zone, a structural corridor with several known uranium occurrences and potentially the last remaining eastern Athabasca corridor to have not yet yielded a major uranium discovery. Drilling during Cosa’s recent summer campaign successfully identified a new zone of basement-hosted radioactivity within a broader interval of hydrothermal alteration in the basement and lower sandstone. The Company believes that the work completed to date, including deployment of Ambient Noise Tomography (ANT) over much of the Kodiak trend, has significantly upgraded the project by identifying several anomalies that are similar to what was targeted where the company intersected radioactivity. With no drilling within roughly two kilometres of the radioactive intercept, Cosa’s technical team is eager to return to Ursa for follow up work. [View Project](https://www.cosaresources.ca/projects/wholly-owned-uranium-projects#Ursa)","Orion: Orion is located 29 kilometres west of the Cigar Lake uranium mine and immediately east of Orano’s Parker Lake Project. The Project covers approximately 25 kilometres of strike length of the interpreted extension of the Larocque Lake Trend. Cosa has repeatedly expanded its 100%-owned, 20,255-hectare Orion Project since initial acquisition in 2022 as the fertile Larocque Lake Trend hosts numerous occurrences of high-grade mineralization to the northeast while the portion covered by Orion is highly underexplored. In 2023, MobileMT™ surveying completed by Cosa over the western portion of Orion identified basement hosted conductive zones overlain by conductivity anomalies in the sandstone. Follow up ANT surveying in 2024 identified several kilometre-scale and vertically extensive low velocity anomalies which are interpreted to reflect prospective structures and/or alteration above conductive basement zones and are considered high priority targets for additional follow up. [View Project](https://www.cosaresources.ca/projects/wholly-owned-uranium-projects#Orion)","Orbit: The Orbit Project is located 19 kilometres south of the Athabasca Basin and 22 kilometres south of the Key Lake Mill and former Key Lake Min. The Key Lake Mine produced 209.8 million pounds of U3O8 at an average grade of 2.3% U3O8 from deposits situated along a 065-degree trending conductive corridor with associated 045-degree trends. Three initial target areas were identified at Orbit from the airborne VTEM and gravity survey results. Target area O1 is considered the highest priority and features a 1.6-kilometre-long EM conductor with coincident gravity lows located on the northern flank of a magnetic high. [View Project](https://www.cosaresources.ca/projects/wholly-owned-uranium-projects#Orbit)","Cosmo: Cosmo comprises 12 claims totaling 9,308 hectares in the eastern Athabasca Basin and is located 36 kilometres west of the Hurricane Deposit and 58 kilometres north of the Cigar Lake Mine. Cosmo covers 18 kilometres of curvilinear magnetic low strike length interpreted to represent favourable metasediments. Historical exploration was limited to a 1979 lake sediment sampling program and a 2007 airborne geophysical survey. [View Project](https://www.cosaresources.ca/projects/wholly-owned-uranium-projects#Cosmo)","Astro: In April 2025, the Company announced it had signed an Option Agreement to allow Global Uranium Corp (CSE: GURN) to earn up to 80% of the Astro Project over several phases outlined below. The Astro Project is located roughly 28 kilometres west of Cameco’s McArthur River Mine, the world’s largest high-grade uranium mine, and approximately 10 kilometres west of CanAlaska Uranium Ltd.’s Pike Zone which boasts world-class intersections. [Learn More](https://www.cosaresources.ca/projects/joint-ventures#Astro)","Aurora: The Aurora Project covers a 17-kilometre section of the southeastern rim of the Athabasca Basin located 16 kilometres east of Key Lake and 40 kilometres south of the GMZ. Aurora was last drilled in 1979 and ground work since 1989 is limited to surficial sampling and prospecting. [Learn More](https://www.cosaresources.ca/projects/joint-ventures#Aurora)"]
Leadership
Keith Bodnarchuk (President, CEO, Director, Professional Geologist with a master’s degree in Business Administration and over 15 years of experience in exploration/mining and capital markets.), Darren Morgans (Chief Financial Officer, Canadian CPA and Australian CA with 30 years of experience in publicly listed resource companies.), Andy Carmichael (Vice President of Exploration, Professional Geoscientist with 19+ years in mineral exploration, focusing on uranium deposits.), Justin Rodko (VP Corporate Development, Professional Geoscientist with nearly a decade of uranium exploration experience in Saskatchewan and Nunavut.), Craig Parry (Advisor, Co-founder and Partner of Inventa Capital with over 20 years in the resources sector.), Chad Sorba (Advisor, Vice President Technical Services & Project Evaluation for Denison Mines Corp with nearly two decades of experience in uranium exploration.), David Cates (Advisor, Chartered Professional Accountant with extensive expertise in the uranium mining industry and former President & CEO of Denison Mines.), Steve Blower (Chairman, Geologist with over 30 years of experience in the minerals industry.), Geoff Smith (Director, Vice President Corporate Development & Commercial for Denison Mines Corp with extensive experience in capital markets.), Elizabeth Sidle (Director, Chief Financial Officer for Denison Mines and CPA with substantial experience in financial reporting.), Ted Trueman (Director, Professional engineer with over 50 years of experience in the mining sector.), Janine Richardson (Director, Chartered Professional Accountant with over 30 years in the mining industry.), Wes Short (Director, Founding member of the IsoEnergy team with 8 years in the natural resources sector.)

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