Five New Uranium Drill Targets Emerge as Exploration Corridor Grows

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Stallion Uranium Corp. (STUD:TSX; STLNF:OTCQB; FE0; FSE) announced the completion of an expanded ground gravity survey at its Coyote target, which identified multiple new high-priority uranium drill targets and extended the prospective strike length of the Coyote exploration corridor within the Moonlite Project, part of the southwestern Athabasca Basin Joint Venture with ATHA Energy Corp. (SASK:TSX.V; SASKF:OTCMKTS; X5U:FRA). The survey was completed in two phases and expanded coverage across the interpreted Coyote conductive corridor beyond the company's previously announced gravity results dated July 14, 2025.

According to the company, the expanded survey identified five integrated target areas across the Coyote corridor, designated A through E, where gravity lows coincide with interpreted structures and conductive corridors. The company said several gravity low anomalies occur at structural intersections that are recognized as favorable settings for Athabasca uranium deposits. The survey also extended the prospective strike length beyond the original target area and contributed to an updated geological model that integrated gravity data with previously completed MobileMT, ground TDEM, magnetic, and structural interpretations.

Matthew Schwab, CEO of Stallion, said, "Through every step of this exploration program, we continue to strengthen our confidence in the Coyote corridor. The expanded gravity survey has materially increased the number of high-priority drill targets while further validating the geological model we have been building over the past several years. As we continue integrating each dataset, we're seeing a larger and more compelling exploration system emerge."

He added, "The integration of multiple independent geophysical datasets continues to refine drill targeting while systematically reducing geological risk across the Coyote Corridor."

The company said the eastern extension expanded the survey footprint across the remainder of the interpreted conductive corridor and identified several additional discrete gravity low features. These gravity lows occur in areas interpreted to contain significant structural complexity and are spatially associated with electromagnetic conductors interpreted from previous MobileMT, HeliSam, and ground TDEM surveys. The integrated dataset outlines multiple priority target areas distributed along the Coyote corridor outside the previous survey area.

Following completion of the survey extension, Stallion integrated the new gravity data into an updated three-dimensional exploration model. According to the company, the gravity inversion suggests several gravity low features extend beneath the unconformity and are associated with interpreted fault intersections and graphitic conductive horizons. The company said the updated geological model will be used to refine future drill collar locations and prioritize exploration across the broader Coyote corridor. Convolutions Geoscience completed a 3D inversion of the gravity data using industry-standard Fullagar Vertical Prism Magnetic and Gravity (VPmg) codes to estimate subsurface density variations and assist in delineating alteration zones of interest for uranium exploration.

Next Catalysts Focus on Assays and Additional Drill Testing

Much of the exploration work outlined in Stallion's March 2026 corporate presentation has now been completed. The company has already advanced its winter diamond drilling program at the Coyote Corridor, expanded the program following encouraging early results, completed multiple geophysical surveys, and released the results of its expanded ground gravity survey that identified five priority drill target areas.

According to the company's March 2026 corporate presentation,  drilling at the Fishhook and Lynx targets remained part of the company's broader exploration plans, although no subsequent company releases indicated that drilling had begun at either target.

The presentation also stated that geophysical work would continue across priority targets as the company refined its exploration pipeline. With the current drilling program completed, results from the Coyote diamond drilling program remain outstanding. As noted in the July 9 Paydirt Prospector Mid-Summer Full Portfolio Update, "That's not a discovery yet. Assays decide that."

Ownership and Share Structure¹

Less than 10% of the company is owned by insiders and management, and there are no institutional holders. Strategic investor Matt Mason, a founder of Hathor, has about 30%, the company said.

The company's market capitalization is approximately CA$37.53 million with about 150.13 million shares outstanding on a fully diluted basis. The 52‑week range is CA$0.19 to CA$0.53. 

FAQs

What did Stallion Uranium announce at the Coyote target?

Stallion Uranium announced the completion of an expanded ground gravity survey at its Coyote target within the Moonlite Project. According to the company, the survey identified multiple new high-priority uranium drill targets and expanded the prospective strike length of the Coyote exploration corridor.

Where is Stallion Uranium's Coyote project located?

The Coyote target is part of the Moonlite Project in the southwestern Athabasca Basin Joint Venture with Atha Energy Corp.

How many new drill target areas were identified at Coyote?

According to Stallion Uranium, five priority drill target areas, labeled A through E, were identified where gravity lows coincide with interpreted structures and conductive corridors.

What exploration methods were used at the Coyote uranium project?

The company said it integrated ground gravity survey results with MobileMT, ground TDEM, magnetic, and structural interpretation data to generate an updated three-dimensional exploration model for the Coyote corridor.

Why are gravity surveys important in uranium exploration?

According to Stallion Uranium, the expanded gravity survey identified gravity low anomalies associated with interpreted conductive trends and structural complexity. The company said these datasets help refine drill targeting and geological interpretation.

What is the Moonlite Project?

The Moonlite Project is located in the southwestern Athabasca Basin and is part of a joint venture between Stallion Uranium and Atha Energy Corp. The Coyote target is one of the project's exploration corridors.

What are the next steps for Stallion Uranium at Coyote?

The company said the newly identified gravity targets will be incorporated into upcoming drill planning, with priority given to areas where gravity lows coincide with conductive corridors and interpreted basement structures.

What is the Athabasca Basin known for?

The Athabasca Basin is one of the world's best-known uranium exploration regions and hosts numerous uranium deposits. Stallion Uranium's Moonlite Project is located in the basin's southwestern region.

Who reviewed the technical information in the announcement?

According to the company, Darren Slugoski, P.Geo., vice president of exploration, reviewed and approved the scientific and technical disclosures as the Qualified Person under National Instrument 43-101.

What did the expanded Coyote gravity survey accomplish?

According to Stallion Uranium, the expanded survey increased coverage across the interpreted conductive corridor, identified additional gravity low anomalies, and contributed to an updated geological model used for future drill targeting.