NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
July 22, 2026
Historic Little Man Mine produced approximately 65,000 lbs U₃O₈ at reported grades of 1.0–1.5%; Conoco-era drilling encountered mineralization in 14 of 16 holes; no drilling on the property in more than 45 years
TORONTO, ON, July 22, 2026 UraCore Energy Corp. (“UraCore” or the “Company”), a privately held uranium exploration company focused on the United States, is pleased to announce that it has entered into Definitive Agreement (the “Agreement”), through its wholly owned subsidiary Ameranium Energy Corp., to acquire a 100% interest in the Buffalo Uranium Project (“Buffalo” or the “Project”) in Carbon County, Wyoming.
Buffalo is centred on the historic Little Man Mine, a past-producing, hard-rock uranium mine in the Pedro Mountains approximately 45 miles southwest of Casper. The Project adds a second U.S. asset to UraCore’s portfolio alongside the Powerline Project in Utah, and places the Company in Wyoming, the largest uranium-producing state in America’s history¹.
“Buffalo is a past-producing, high-grade mine with major-company drill data that has sat untouched since 1980,” said Peter Kim, Chief Executive Officer of UraCore. “It’s the ideal complement to our flagship Powerline Project in Utah, giving UraCore two high-quality uranium assets in two of America’s leading uranium states, secured on terms that put our capital into the ground first.”
The Project consists of 16 unpatented lode mining claims (BUF 100–115) administered by the U.S. Bureau of Land Management, in Carbon County, Wyoming. The claims cover the historic Little Man Mine and the adjacent Prospect Incline workings.
Uranium mineralization at Buffalo occurs as uraninite and secondary uranium minerals hosted in Precambrian granitic rocks along a contact zone, accompanied by copper sulphides. The Little Man Mine was first worked for gold in the 1870s and later for uranium in the 1950s, when it shipped reported high-grade ore. A hand specimen from the mine dump was reported by Conoco to assay 4.1% U₃O₈; this is a selective sample and is not necessarily representative of the mineralization on the property.²
Conoco’s 1983 internal summary described the area as a highly prospective uranium exploration target and attributed its exit to complex multi-party land ownership and falling uranium prices. The current claims are held free of underlying royalties other than the royalty described below.
The Agreement gives UraCore a staged, milestone-based path to a 100% interest in Buffalo, structured to direct the Company’s capital into exploration rather than acquisition costs:
UraCore plans to move quickly at Buffalo, with an initial program focused on:
The scientific and technical information has been reviewed and approved by Seymour M. Sears, B.A., B.Sc., PGO, a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Seymour M. Sears is independent of the Company.
Historical production, drilling and sampling information in this news release is taken from a Conoco Inc. internal executive summary dated May 1983, publications of the U.S. Geological Survey (Harshman & Bell, 1970) and Carbon County records. A qualified person has not verified this historical information, including drill collar locations, sampling methods, analytical methods or QA/QC procedures, and the Company is not treating any historical results as current mineral resources or mineral reserves. Historical production and grades are not necessarily indicative of mineralization that may be found on the property. Mineralization at the historic Little Man Mine is not necessarily indicative of mineralization elsewhere on the Project.
UraCore Energy Corp. is a privately held uranium exploration company advancing two U.S. assets: the Powerline Project in Utah and the Buffalo Project in Wyoming. The Company is focused on high-quality uranium projects in established, mining-friendly U.S. jurisdictions, in support of a secure domestic nuclear fuel supply.
On behalf of the Board of Directors
URACORE ENERGY CORP.
Peter Kim, Chief Executive Officer
Peter Kim, Chief Executive Officer | p.kim@uracoreenergy.com
www.uracoreenergy.com
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes statements regarding the exercise of the option and the satisfaction of payment and work commitments under the Agreement; the payment of amounts in shares; planned exploration at the Project, including mapping, sampling, geophysics, data compilation and claim staking; the potential for mineralization at depth or along trend; the potential for copper or other by-products; the commissioning of a preliminary economic assessment; the Company’s proposed public listing; and the Company’s business strategy. Words such as “plans”, “expects”, “potential”, “may”, “will” and similar expressions identify forward-looking information.
Forward-looking information is based on management’s assumptions, including the availability of financing, the timely receipt of permits and land access, the availability of contractors, and uranium market conditions. It is subject to known and unknown risks, including: risks inherent in mineral exploration; the risk that historical information proves unreliable; the risk that the Company does not exercise the option or is unable to meet its obligations under the Agreement; title and claim-maintenance risks; permitting and regulatory risks, including with the BLM and the State of Wyoming; the Company’s ability to raise capital; the risk that the proposed public listing is not completed; uranium price volatility; and changes in government policy. Readers should not place undue reliance on forward-looking information, which speaks only as of the date of this release. The Company disclaims any obligation to update it except as required by law.
¹ U.S. Energy Information Administration. ² Historical information; see the historical information disclaimer under “Qualified Person.”