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Manhattan Uranium

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Manhattan Uranium is focused on powering North America's energy independence through a scaled 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 scaled uranium portfolio that combines U.S. Colorado Plateau assets with Nevada past production exposure and Athabasca exploration upside. The company is positioned 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 meaningful scale and historic production, the company aims for growth and value creation through disciplined project advancement and capital markets execution.

Verified company data

Cash position
Exact figure not available
Shares outstanding
181,516,273
Fully diluted shares
152,767,185
Projects
["# 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 production at ~0.25% U₃O₈; bulk samples reported up to 0.70%¹⁰\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\n¹⁰ Nevada Bureau Mines File 38900084, Plan map of underground workings, sampling and drill holes at the Apex mine 1959, by Harry Hughes, Mining Geologist.\n\n¹¹ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 4).\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\n¹Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pgs. 17 to 20)\n\n²Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 4)\n\n³Nevada Bureau Mines File 38900096, Transverse Section Through Drilled Orebody, Apex Minerals Corp 1959, by Harry Hughes, Mining Geologist.\n\n⁴Nevada Bureau Mines File 38900084, Plan map of underground workings, sampling and drill holes at the Apex mine 1959, by Harry Hughes, Mining Geologist.\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## Latest Apex News\n\n#### Manhattan Uranium Receives Approval of the Apex Project Plan of Operations Authorizing Drilling at Nevada’s Largest Historical Past Producing Uranium Mine\n\nMay 21, 2026\n\n#### Manhattan Uranium Discovery Corp. Highlights Premier Project Portfolio\n\nMay 14, 2026\n\n#### Manhattan Uranium Discovery Corp. Completes Transformational Acquisitions of Urano Energy and Pegasus Resources\n\nMay 7, 2026\n\n# Strike Project\n\n## Hiding **in the Open**\n\n**Numerous uranium showings** at surface identified between 1950’s and 1980’s\n\n**14 targets identified to start** including 11 new targets and 3 follow ups ready for drilling with **more expected**\n\n**Shallow intersections** between **60 and 105 m below surface**\n\nFirst drilling of EM conductors by Fortune Bay Corp intersected **anomalous uranium in 3 of 9 holes**\n\n**Unconformity-Style mineralization confirmed** at the Tena Zone with 1,000 tons mined in the 1950’s at
**reported grades of 0.6 to 3.5% U₃O₈**\n\nHistoric exploration information obtained from Saskatchewan Mineral Deposit Index. 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\nTena Zone / 1,000 tons mined / grades of 0.6–3.5% U₃O₈ - 1. Information obtained from Saskatchewan Mineral Deposit Index, occurrence number 151.\n\nUnconformity-style mineralization - 2. Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.\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\n¹ Saskatchewan Mining Association (SMA). (2024). Saskatchewan Uranium Industry Overview: Production, Resources, and Economic Impact. Annual Industry Profile.\n\nSaskatchewan Geological Survey (SGS). (2023). Athabasca Basin Regional Mineral Endowment and Exploration Overview. Saskatchewan Ministry of Energy and Resources.\n\n## concept confirmed\n\n**Initial 1,000 m planned in 5 holes** to start with an average depth of 200 m\n\n**14 targets identified to start including** 11 new targets and 3 follow ups ready for drilling with **more expected**\n\n**New** basement-style uranium mineralization **discovered in 3 of 9 holes and exploration model validated**\n\n**Shallow intersections** between **60 and 105 m below surface**\n\n**The right rocks** with graphitic units and alteration **intersected in all 9 holes**\n\n¹ Information obtained from Saskatchewan Mineral Deposit Index, occurrence number 151.\n\n² Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.\n\n³ Saskatchewan Mining Association (SMA). (2024). Saskatchewan Uranium Industry Overview: Production, Resources, and Economic Impact. Annual Industry Profile.\n\nSaskatchewan Geological Survey (SGS). (2023). Athabasca Basin Regional Mineral Endowment and Exploration Overview. Saskatchewan Ministry of Energy and\n\n⁴ Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018\n\n## Technical Report\n\n**Technical Report 43-101**\n\nEffective Date: Febuary 7, 2024\n\n## Option Terms\n\nStrike & Murmac Projects\n\n## Latest Strike News\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#### Manhattan Uranium Discovery Corp. Completes Transformational Acquisitions of Urano Energy and Pegasus Resources\n\nMay 7, 2026\n\n# Murmac Project\n\n## Overlooked and **Underexplored**\n\nDozens of uranium showings at surface and an 18M lbs U₃O₈ past producer at the Gunnar Mine⁴\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 produced³**\n\n**Known resources of 1.34 billion pounds U₃O₈** ³\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\n**Naturally 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\n¹ Information obtained from Saskatchewan Mineral Deposit Index, occurrence number 151.\n\n² Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.\n\n³ Saskatchewan Mining Association (SMA). (2024). Saskatchewan Uranium Industry Overview: Production, Resources, and Economic Impact. Annual Industry Profile.\n\nSaskatchewan Geological Survey (SGS). (2023). Athabasca Basin Regional Mineral Endowment and Exploration Overview. Saskatchewan Ministry of\n\n⁴ Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018\n\n## Technical Report\n\n**Technical Report 43-101**\n\nEffective Date: Febuary 7, 2024\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# San Rafael District\n\nSan Rafael District, Utah\n\n## A Premier Growth Hub For U.S. Uranium\n\n**San Rafael District is #2 in Utah for established unmined uranium resources** and historically the 4th largest uranium-producing district in the state, with 4.5M lbs U₃O₈ and 3.6M lbs V₂O₅² produced at reported grades of 0.27% U₃O₈ / 0.20% V₂O₅²\n\nLater-stage discoveries from the late 1970s remain largely undeveloped due to prior market conditions, supporting a **pipeline of uranium–vanadium targets with enhanced vanadium enrichment**\n\nUtah’s Agreement State status places **permitting at the state level, supporting streamlined approvals and potentially faster development timelines** relative to federally managed jurisdictions\n\n**The I-70 Project features an active mining permit, extensive historical underground workings, and data from hundreds of legacy drill holes.** A NI 43-101 compliant technical report has been completed and is available on SEDAR\n\n**The Melinda Property features significant radiometric anomalies and dense historical drilling,** with a new drill permit approved to support near-term target testing\n\n² BENDIX FIELD ENGINEERING CORPORATION, URANIUM FAVORABILITY OF THE San Rafael Swell, October 1977\n\nHistorical production figures referenced herein are derived from historical records and reports prepared by previous operators of the property. The Company has not independently verified the accuracy or completeness of this information and is therefore unable to confirm its reliability. While the Company believes the historical production information to be relevant as an indication of the potential of the property, such information should not be relied upon as an indication of future performance or the economic viability of the property. A Qualified Person has not completed sufficient work to verify the historical production information and therefore it should not be relied upon.\n\n- [I-70 Uranium Project](https://manhattanuranium.com/san-rafael-district/#)\n- [Melinda Project](https://manhattanuranium.com/san-rafael-district/#)\n\n## i70 Uranium Project\n\nLocated just off Interstate 70, the I-70 Uranium Project, formerly known as the Green River Project, consists of 202 claims spanning 4,173 acres. The project offers strong logistical advantages thanks to its proximity to established infrastructure and ease of access.\n\n#### Infrastructure advantage\n\nLocated just off Interstate 70, the project benefits from strong regional access, logistics, and nearby infrastructure.\n\n#### Permitted and data-rich\n\nAn active Small Mining Operations permit, underground mine maps, and Atlas drill logs provide a strong platform for ongoing validation and advancement.\n\n#### Historical resource base\n\nHistorical estimates include 543,245 pounds of U3O8 at 0.17% (indicated) and ~1.5 million pounds at 0.15% (inferred).¹\n\n#### Proven uranium setting\n\nThe project sits within Utah’s San Rafael District, a historically productive uranium region with established geological potential.\n\n#### High-priority exploration targets\n\nHistorical Atlas Corp. data outlines a significant uranium inventory and identifies multiple target areas for follow-up work.\n\n#### Clear path to resource growth\n\nHistorical production, surface mineralization, and existing technical data support the potential to define and expand a future mineral resource.\n\n## Melinda Uranium Project\n\nLocated in Utah’s San Rafael District, the Melinda Project spans approximately 340 claims across 7,024 acres and benefits from extensive historical exploration. The project combines broad drill-defined mineralization with modern targeting data that supports follow-up drilling.\n\n#### Large district-scale footprint\n\nApproximately 240 claims across 8 square miles in a proven uranium region.\n\n#### Strong mineralization indicators\n\nMore than 25% of holes returned anomalous uranium intercepts, including several above 0.1% U₃O₈.\n\n#### Modern targeting advantage\n\nAirborne radiometric data helps refine targets and highlight mineralized channel trends.\n\n#### Extensive historical drilling\n\n375 drill holes completed, with roughly 100 holes intersecting uranium mineralization.\n\n#### Untested western extension\n\nFollow-up potential remains along the western continuation of the mineralized trend.\n\n#### Near-term drill potential\n\nPermitting supports follow-up work designed to test and validate priority targets.\n\n¹ Gillingham, Thomas, E., Consulting Mining Engineer, 1984, (August 16, 1984), Atlas Controlled Uranium and Vanadium Ore Reserve Tributary to Moab (Utah) Mill as of 6/30/84: Personal communication to Mr. Edward Farley, Jr., President, Atlas Corporation, 11p.\n\nHistorical estimates were prepared for Atlas Corp. using the classification categories indicated reserves and inferred reserves consistent with 1976 USGS principles of classification applicable at that time. The above historical estimates were not prepared using the current definitions of “mineral reserve” and “mineral resource” as those terms are used in National Instrument 43-101 (“NI 43-101”) and defined under current CIM standards. The historical estimate is considered reliable and is relevant for the purpose of conducting data analysis and future exploration on the Properties. Additional review and analysis of the available data, and if necessary additional exploration work, including confirmatory drilling and sampling, is required to verify and upgrade the historical estimates as a current mineral resource or mineral reserve. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves. No specific analyses of V2O5 are available for Company’s Green River deposits, as at the time of reserve estimation, Atlas Corp. considered the concentration of vanadium to be too low for economic production. However, references to Indicated and Inferred Ore are considered similar to indicated and inferred mineral resources.\n\n**i-70:** 2 Mills, S.E. and Jordan, B., 2021, Uranium and vanadium resources of Utah—an update in the era of critical minerals and carbon neutrality: Utah Geological Survey Open-File Report 735, 26 p., 1 appendix\n\n## Exploration Potential\n\n#### Salt Wash-hosted mineralization\n\nUranium mineralization is hosted within the Salt Wash Member of the Morrison Formation, a well-known regional uranium-bearing unit.\n\n#### Channel-style targets\n\nMore than 25% of holes returned anomalous uranium intercepts, including several above 0.1% U₃O₈.\n\n#### Improved targeting from new data\n\nAirborne radiometric surveys not available during earlier drilling now support better targeting across the property.\n\n#### Potential for higher-grade delineation\n\nClose-spaced follow-up drilling may help define areas of stronger mineralization within historically wide-spaced drilling."]
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.), 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 RZOLV Technologies Inc. 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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