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Manhattan Uranium

TSXV:MANULive AI agent

Manhattan Uranium is focused on powering North America's energy independence through a strategic uranium portfolio that combines U.S.

Investor website: https://manhattanuranium.com/

About

Manhattan Uranium is focused on powering North America's energy independence through a strategic uranium portfolio that combines U.S. Colorado Plateau assets with Nevada past production exposure and Athabasca exploration upside. The company aims to support the rebuild of U.S. uranium supply, aligning with policy momentum around uranium as a critical mineral and strategic energy resource. With a history of significant production and exploration data, Manhattan Uranium is positioned for growth and value creation in established mining jurisdictions.

Verified company data

Cash position
Exact figure not available
Shares outstanding
110080518
Fully diluted shares
152767185
Projects
["# Murmac Project\n\n## Overlooked and **Underexplored**\n\nDozens of uranium showings at surface **with** **2024 Discovery Hole of 8.4m of 0.3% U₃O₈** **incl. 1.2m of 1.79% U₃O₈** (M24-017)\n\nMultiple conductor trends with 50+km of strike that is **largely unexplored for basement-hosted vein deposits like Arrow and Triple R**\n\n**Several radioactive ground water springs up to 15,000 counts per second** above untested or poorly tested EM conductors\n\nShallow uranium intersections between **20m and 150 m below surface**\n\n#### Fully Funded\n\n# 5,000m\n\n**25 DRILL HOLE PROGRAM HAS COMMENCED**\n\nHistorical results have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers these results relevant to assess the mineralization and economic potential of the property. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.\n\n## Why Saskatchewan?\n\nThe Athabasca Basin is home to the **largest and highest-grade uranium deposits in the world**\n\n**Over 900MM lbs of U₃O₈ produced ¹**\n\n**Known resources of 1.34 billion pounds U₃O₈ ¹**\n\n#### Highest Uranium Grades in the World by Country ¹\n\n## concept confirmed\n\n**Follow-up 4,000 m planned in 20 holes** to start with an average depth of 200 m\n\n**45 targets identified to start including** 28 new targets and 17 follow ups ready for drilling with **more expected**\n\n**High grade boulder assayed 8.82% U₃O₈** from the Armbruster Trend provides **compelling support for high-grade basement-hosted mineralization on the project**\n\nNaturally occurring **radioactive springs measuring 3,000 to 15,000 counts per second** on handheld scintillometer provide additional exploration vectors\n\n**Multiple new targets expected** as exploration advances and geophysical surveys are complete\n\n## **The Patterson Corridor &** >$5B in value creation\n\n### Patterson Corridor\n\n#### 2011\n\nDiscovery of the Patterson Lake Boulder Field by Garrett Ainsworth\n\n#### 2012\n\nTriple R discovered by Alpha/Fission JV on 29th Hole\n\n#### 2014\n\nArrow Discovery by Nexgen with 21st Hole\n\n#### 2015\n\nTriple R first Resource\n\n#### 2016\n\nArrow first Resource\n\n#### 2021\n\nArrow Feasibility Study\n\n#### 2023\n\nTriple R Feasibility Study\n\n### Aero Energy\n\n#### 1950’s - 1980’s\n\n70M lbs U3O8 production from the Beaverlodge\n\n#### 2020-2021\n\nGeophysical and geological surveys completed by Fortune Bay and Standard Uranium – targets confirmed, more targets identified\n\n#### 2022-2023\n\n10 new zones of anomalous uranium drilled\n\n#### 2026\n\nTargeting New Discovery\n\n## What’s next?\n\n## Technical Report\n\n**Technical Report 43-101**\n\nEffective Date: Febuary 7, 2024\n\n[View Report](https://manhattanuranium.com/murmac-project/)\n\n## Option Terms\n\nStrike & Murmac Projects\n\n## Latest Murmac News\n\n#### Manhattan Uranium and Fortune Bay Commence Drilling at the Murmac Uranium Project, Athabasca Basin, Saskatchewan\n\nJune 16, 2026\n\n#### Manhattan Uranium and Fortune Bay Plan Fully Funded 5,000 Meter Drill Program to Test up to 25 Priority Targets at the Murmac and Strike Uranium Projects in Saskatchewan\n\nJune 4, 2026\n\n#### Manhattan Uranium Discovery Corp. Highlights Premier Project Portfolio\n\nMay 14, 2026\n\n## Northern Uravan District\n\nMontrose County, Colorado, USA\n\n## Part Of The Historic Uravan Mineral Belt\n\n### DISTRICT HIGHLIGHTS\n\n**One of the largest uranium producing areas in the United States,** having produced more than 80 million pounds of U₃O₈ and over 400 million pounds of V₂O₅ ¹\n\n**Portfolio includes the Eula Belle, King Pin, and October projects,** all located within the Northern Uravan District\n\n**Eula Belle carries historical* estimated Minable Reserves** of 43,900 tons containing **219,500 pounds U₃O₈ at 0.25% and 780,200 pounds V₂O₅ at 0.90% ²**\n\n**King Pin and October are well advanced** with historic company reports and sub-surface data\n\n![](https://manhattanuranium.com/wp-content/uploads/2026/06/northern-uravan-properties.png)\n\n- [Eula Belle Project](https://manhattanuranium.com/northern-uravan-district/#)\n- [King Pin Project](https://manhattanuranium.com/northern-uravan-district/#)\n- [October Project](https://manhattanuranium.com/northern-uravan-district/#)\n\n## Eula Belle Project\n\nThe Eula Belle was the leading uranium producer among the hundreds of mines in the historic Uravan district — recovering 1,588,000 pounds U₃O₈ at 0.248% between 1962 and 1978(1). Today, 31 claims in the western portion of Montrose County cover much of that historical mine ground.\n\nUnion Carbide Corp. (\"UCC\")'s 1989 reserve records indicate historical* estimated Minable Reserves² of 43,900 tons containing 219,900 pounds U₃O₈ at an average grade of 0.25%, and 780,200 pounds V₂O₅ at 0.90%. UCC also estimated an additional Potential Resource of 37,000 tons including 135,000 pounds U₃O₈ at 0.25% and 666,000 pounds V₂O₅ at 0.90%.\n\n#### Historical uranium reserve\n\n219,500 lbs U₃O₈ at 0.25% average grade, forming part of the historical* estimated Minable Reserves of 43,900 tons. ²\n\n#### Additional historical resource\n\nUCC estimated an additional Potential Resource of 37,000 tons including 135,000 lbs U₃O₈ at 0.25%. ²\n\n#### Historical mine production\n\nLeading uranium producer among the hundreds of Uravan mines — 1,588,000 lbs U₃O₈ at 0.248% recovered from 1962–1978.\n\n#### Historical vanadium reserve\n\n780,200 lbs V₂O₅ at 0.90%, forming part of the historical* estimated Minable Reserves of 43,900 tons. ²\n\n#### Additional vanadium inventory\n\n666,000 lbs V₂O₅ at 0.90% within the additional historical* Potential Resource estimate. ²\n\n#### Land position\n\n31 claims in the western portion of Montrose County, covering much of the historical Eula Belle mine.\n\n## King Pin Project\n\nThe Company is continuing analysis and confirmation work to define additional historical uranium and vanadium reserves and resources across the portfolio of projects, all of which have been past producers. The Company has reports, drill hole and mine maps as well as reserves and resource estimates for a majority of the additional properties.\n\n## October Project\n\nThe Company is continuing analysis and confirmation work to define additional historical uranium and vanadium reserves and resources across the portfolio of projects, all of which have been past producers. The Company has reports, drill hole and mine maps as well as reserves and resource estimates for a majority of the additional properties.\n\n*The historic resource and reserve estimates are based on a report prepared by Union Carbide in May of 1989, and do not comply with mineral resource categories set out in National Instrument 43-101. A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resources and the company is not treating the historical estimate as current mineral resources. The company considers the historic information relevant and reliable, however additional work, including drilling, will be required to confirm the presence of a uranium deposit, and if present, to establish the amount and grade of any mineralization that is found.\n\n## Apex Uranium Project\n\n## Nevada’s Top **Historic Producer**\n\n**Past producing uranium mine:** Apex mine – producer of over half Nevada’s all-time Uranium output\n\n**Regionally high grades:** historic productionat ~0.25% U₃O₈; bulk samples reported up to 0.70%\n\n**Significant infrastructure:** 2,600 feet of underground development on three mining levels\n\n**High grade indications:** surface samples reported up to 1.00% U₃O₈; 3 km of uranium showings\n\n**Significant Historic Intercepts due for Follow Up:**\n\n- 34.1m of 0.37% U₃O₈ (HOLE 7A) 10\n- 15.2m of 0.51% U₃O₈ (HOLE 17) 11\n\n#### Drill Permits In-Hand for up to 7 drill pads\n\n## Multiple samples reported with **grades over 0.5% U₃O₈ and up to 3.19% and 6.0% U₃O₈**\n\n250-tonne bulk sample from Adit 2 assayed at **0.7% U₃O₈ or better¹**\n\n“New discovery” in Adit O assayed at up to **3.19% U₃O₈³**\n\nDrill hole ‘H’ averaged **1.33% U₃O₈ over 3 m;** similar values found in “each succeeding hole drilled westerly from this ‘H’ hole”¹\n\nGrab samples from “Diamond Pit” hilltop reportedly ran **1.00% U₃O₈; a 6.4 m** cut across the pit-face reportedly assayed **0.41% U₃O₈²**\n\n### Historic Drill Highlights\n\n#### 15.2m of 0.51% U₃O₈\n\nHOLE 17⁴\n\n#### 14.0m of 0.49% U₃O₈\n\nHOLE 4A³re targets identified\n\n#### 17.7m of 0.36% U₃O₈\n\nHOLE H¹\n\n#### 3.1m of 1.33% U₃O₈\n\nHOLE H²\n\n#### 34.1m of 0.37% U₃O₈\n\nHOLE 7A³\n\n#### 25.6m of 0.23% U₃O₈\n\nHOLE E¹\n\n#### 10.4m of 0.27% U₃O₈\n\nHOLE D¹\n\n## La Sal Creek Area, Colorado-Utah\n\nMontrose County, Colorado, USA\n\n## A Historic Uranium-Vanadium Trend On The Colorado-Utah Border\n\n### DISTRICT HIGHLIGHTS\n\n**Ranked among Utah’s most prolific uranium-producing regions,** with approximately 7.5 million lbs U₃O₈ produced through 2021 at an average grade of 0.35% U₃O₈¹\n\n**More than 40 million lbs V₂ 0₅ produced historically** across the greater La Sal mineral belt, highlighting the system's regional significance as a high-grade uranium-vanadium trend¹\n\n**Portfolio includes the La Sal Creek, Hop Creek, Vanadium Queen–UH3 and Black Hat properties,** spanning multiple historic mining centers along the trend\n\n**Extensive historical mine records and geological datasets** support continued evaluation of known mineralized areas and historical resource estimates\n\n**Located within the productive Salt Wash uranium-vanadium province of the Colorado Plateau,** host to numerous historic mines and deposits¹ ²\n\n## LA SAL CREEK DISTRICT\n\nThe La Sal Creek Property comprises four claims covering approximately 85 acres in Montrose County, Colorado. Located within the historic La Sal Creek District near the Utah-Colorado border, the project is supported by historical resource estimates, detailed geological reports, and historical mine data that indicate the presence of uranium and vanadium mineralization.¹\n\n#### Historical uranium estimate\n\nHistorical estimates outlined approximately 179,170 lbs U₃O₈ associated with indicated and inferred ore totaling 34,824 tons.²\n\n#### Proven mining district\n\nLocated within the historic La Sal Creek District, a recognized uranium-producing area of the Colorado Plateau.¹\n\n#### Extensive historical data\n\nSupported by historical mine maps, geological reports, and resource calculations prepared by previous operators.\n\n#### Historical vanadium estimate*\n\nHistorical estimates outlined approximately 801,812 lbs V₂O₅ associated with the uranium mineralization.\n\n#### Salt Wash mineralization\n\nHosted within the Salt Wash Member of the Morrison Formation, one of the most productive uranium-bearing units in the western United States.¹\n\n#### Resource growth potential\n\nHistorical datasets provide a foundation for future technical evaluation and exploration programs."]
Leadership
William Sheriff (Chairman, Uranium industry leader with over 40 years of experience across the minerals and securities industries, including significant capital raises, M&A and corporate development. Executive Chair/Founder of enCore Energy, Executive Chair of Verdera Energy; former Co-founder and Chairman of Energy Metals, acquired by Uranium One in a US$1.8 billion transaction.), Galen McNamara (CEO & Director, Mining executive, entrepreneur and professional geologist with 20 years of discovery and capital markets experience across uranium exploration, project advancement and public markets. Former Senior Project Manager at NexGen Energy, where he played a role in advancing the world-class Arrow uranium deposit; Co-founder of Silver47 Exploration Corp.), spencer maclean (president, Capital markets professional with over a decade of experience spanning equity and debt financings, M&A, and corporate strategy, with a focus on junior mining and natural resources. Brings a combination of legal and capital markets expertise to Manhattan’s leadership team as the Company advances its North American uranium portfolio.), Garrett Ainsworth (Director, Accomplished geologist and mining executive with 20+ years of experience, recognized for significant mineral discoveries and more than $300M raised throughout his career. President, CEO & Director of District Metals Corp.; formerly VP Exploration & Development at NexGen Energy and VP Exploration at Alpha Minerals, where he project managed the discovery of the Triple R uranium deposit.), John Hamrick (Director, Metallurgical engineer with 40+ years of experience in uranium, copper and tungsten milling, with expertise in metallurgy, permitting, EHS and process optimization. Former senior leader with Umetco Minerals Corporation, Energy Metals Corp. and Cotter Corporation; previously served as Chairman of the Uranium Environmental Subcommittee of the National Mining Association.), Grace Marosits (director, Chartered Professional Accountant with 20+ years of management experience across public-company reporting, governance, controls and compliance. Former CFO of NexGen Energy Ltd., with senior accounting and tax experience at Ballard Power Systems, Westcoast Energy and Deloitte.), Carson Halliday (CFO, Finance professional with more than a decade of experience in financial reporting, public-company advisory and compliance, primarily across the mining sector. CFO of Manhattan Uranium Discovery Corp.; also serves as CFO of Kraken Energy Corp. and was previously a manager in Deloitte Canada’s audit practice.), Douglas Underhill (chief geologist, Consulting economic geologist and internationally recognized uranium expert with 50+ years of global discovery and exploration experience, including 40+ years focused on uranium. Extensive expertise across uranium geology, resource estimation, ISL technology, NI 43-101 technical reports and commercial / IAEA uranium programs; formerly served as Chief Geologist at enCore Energy Corp.)

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