North Shore Uranium
North Shore Uranium is a pre-revenue junior uranium exploration company (TSX-V: NSU; OTCQB: NSURF) advancing three exploration properties — Rio Puerco in New Mexico's Grants Uranium District and Falcon and West Bear in Saskatchewan's Athabasca Basin — through conventional geophysics and drilling, funded by equity capital rather than product revenue.
- Company typePublic
- Founded2023
- HeadquartersWhite Rock, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What North Shore Uranium does
North Shore Uranium Ltd. is a pre-revenue, publicly listed junior uranium exploration company (TSX-V: NSU; OTCQB: NSURF) headquartered in White Rock, British Columbia. The company became public in October 2023 via a qualifying transaction with Clover Leaf Capital Corp. and controls exploration interests in two tier-one uranium jurisdictions: the Rio Puerco project in New Mexico's Grants Uranium District (under an option agreement for up to 87.5% from Resurrection Mining LLC), and the Falcon and West Bear properties at the eastern margin of Saskatchewan's Athabasca Basin (optioned from Skyharbour Resources and Gem Oil Inc. respectively, with 75% earned at West Bear).
North Shore's exploration technology is conventional uranium exploration: electromagnetic (EM) surveys, gravity surveys, airborne geophysical surveys, diamond and rotary drilling, and 3D geological modeling. Key proprietary workstreams include EM conductor analysis for target identification, methodology to validate 1960s-1970s Kerr-McGee historical drill data toward NI 43-101 compliance via twin drilling, and integration of multi-dataset geophysical inputs to generate 36 uranium targets across the Falcon property. A first drill program commenced at Rio Puerco in June 2026 under permits issued by New Mexico and the BLM, with a planned program of up to 26 holes.
The business model is project advancement funded by equity capital rather than product revenue. North Shore raises capital through non-brokered private placements (~$4.6M closed across August 2025 and January 2026, with insider participation from the CEO and directors) and lists on TSX-V/OTCQB to provide investor liquidity. There is no current revenue from operations; future economics depend on converting exploration success into resource definition, joint ventures, or asset sales to nuclear utilities or major mining companies. Immediate constituents are institutional and retail resource-sector investors reached through TSX-V/OTCQB listings, investor-awareness campaigns (Resource Stock Digest, Equity Catalyst Partners, Investing News Network), and event sponsorship.
North Shore Uranium firmographics
Firmographics- Name
- North Shore Uranium
- Legal name
- North Shore Uranium Ltd.
- Website
- https://northshoreuranium.com
- Company type
- Public
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- North Shore Uranium is a pre-revenue junior uranium exploration company (TSX-V: NSU; OTCQB: NSURF) advancing three exploration properties — Rio Puerco in New Mexico's Grants Uranium District and Falcon and West Bear in Saskatchewan's Athabasca Basin — through conventional geophysics and drilling, funded by equity capital rather than product revenue.
- Ownership category
- akta.pro rank
North Shore Uranium industry classification
Industry- Product category
- Uranium Exploration
- NAICS
- Support Activities for Mining (213), Geophysical Surveying and Mapping Services (541360)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Uranium Exploration & Resource Development (EUAKACAA)
- akta.pro secondary industries
- Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK), Fuel Cycle Support Services (Engineering, licensing support, conversion/enrichment contracting) (EUAKACAL)
Keywords
Where North Shore Uranium is headquartered
LocationHeadquarters
- HQ city
- White Rock
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
North Shore Uranium business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Uranium Exploration: Pre-revenue uranium exploration company. Currently exploring uranium properties in New Mexico (Rio Puerco) and Saskatchewan (Falcon, West Bear). No revenue generated from operations. Revenue potential would come from successful mineral discoveries leading to resource definition, joint ventures, or asset sales.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
North Shore Uranium product offering
Product offeringCore offering
North Shore Uranium is a pre-revenue uranium exploration company that acquires and advances uranium mineral properties in two tier-one jurisdictions: the Grants Uranium District in New Mexico (Rio Puerco project) and the Athabasca Basin in Saskatchewan (Falcon and West Bear properties). The company funds and conducts geophysical surveys, diamond and rotary drilling, and geological modeling to identify and validate uranium mineralization targets, earning into projects through option agreements involving cash, share, and exploration expenditure commitments.
Product overview
North Shore Uranium is a uranium exploration company with three primary exploration properties spanning two world-class uranium districts: the Rio Puerco Project in New Mexico's Grants Uranium District and the Falcon and West Bear Properties in Saskatchewan's Athabasca Basin. The company conducts mineral exploration programs including drilling, geophysical surveys, and prospecting to identify and validate uranium mineralization. North Shore operates under the ticker symbols TSX-V: NSU and OTCQB: NSURF.
Differentiator
Problem solved
Functional benefit
Products and services
- Rio Puerco Uranium Project Uranium exploration property located in the Grants Uranium District of northwestern New Mexico, featuring a 2009 historical resource estimate of 6.0 million tonnes at 0.09% eU3O8 for 11.4 million pounds of U3O8 based on Kerr-McGee drilling data from the 1960s–1970s. The project covers 83 BLM claims and is amenable to in-situ recovery (ISR) mining. North Shore can earn up to 87.5% interest through milestone-based cash payments, share issuances, and exploration expenditures over 60 months.
- Falcon Property Uranium exploration property in Saskatchewan's Athabasca Basin consisting of 15 mineral claims totaling 55,503 hectares with 36 identified uranium targets and confirmed near-surface uranium mineralization at drill sites P03 and P08 with grades up to 572 ppm U3O8. North Shore can earn up to 100% interest through cash payments, share issuances, and exploration expenditures over 4 years (extended from 3 years) under an option agreement with Skyharbour Resources Ltd.
- West Bear Property Uranium exploration property in Saskatchewan's Athabasca Basin consisting of four mining claims totaling 3,927 hectares (reported as approximately 4,500 hectares in some materials), located near the Cigar Lake and McClean Lake uranium operations. North Shore has earned a 75% interest with Gem Oil Inc. holding the remaining 25%, subject to a 2% net smelter return royalty granted to Gem Oil.
Quantifiable outcome
- 11.4 million lbs U3O8 historical resource at Rio Puerco (not NI 43-101 compliant)
- +2 more outcomes
Companies that use North Shore Uranium
Customer profileSegments3 records
Ideal customer profiles3 records
North Shore Uranium technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
North Shore Uranium partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- Equity Catalyst Partners, LLCminorMedia and communications services agreement for press release distribution, public disclosure management, and related advisory functions at $7,500/month for 6 months.
- Resource Stock Digestminor$100,000 three-month market awareness campaign including in-depth reports, distribution to investor base, and new audience creation.
- Harris Exploration Drilling and AssociatescoreDrilling contractor engaged for Rio Puerco drill program. Operates 41 drilling rigs across US and Canada. Experience includes NexGen Energy, Myriad Uranium, and Homeland Uranium projects.
- Resurrection Mining LLCcoreOption agreement to acquire up to 87.5% interest in Rio Puerco uranium project in New Mexico. Milestone-based earn-in structure with cash/share payments and exploration expenditure commitments over 60 months.
- Dig Media Inc. (Investing News Network)minor$8,250 three-month advertising and investor awareness campaign.
- English River First NationcoreExploration agreement signed for Falcon property, ensuring Indigenous community engagement and regulatory compliance.
- Skyharbour Resources Ltd.coreOption agreement for Falcon property (11 claims totaling 42,512 hectares) in Athabasca Basin. North Shore can earn up to 100% interest through cash payments, share issuances, and exploration expenditures over 4 years (extended from 3 years).
- Gem Oil Inc.coreOption agreement for West Bear property (4 claims totaling 3,927 hectares) in Athabasca Basin. North Shore earned 75% interest; joint venture formed with Gem Oil holding 25%. Gem Oil granted 2% NSR.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
North Shore Uranium competitors and assessment
Company assessmentDirect peers
- Fission Uranium Corp. Athabasca Basin uranium explorer-developer advancing the PLS high-grade deposit. Comparable to North Shore as a pure-play uranium exploration story in the same basin, though at a more advanced stage and larger market cap.
- enCore Energy Corp. US ISR uranium producer with producing assets in Texas and New Mexico and development-stage South Texas portfolio. Closely comparable business model and jurisdiction mix to North Shore's Rio Puerco ISR thesis.
- Uranium Energy Corp: US-focused ISR uranium producer/developer with operations in Wyoming, Texas, and New Mexico. Most direct comparable for the Rio Puerco project's ISR potential and US-domestic-supply thesis.
- Skyharbour Resources Ltd. Junior uranium explorer in the Athabasca Basin that is simultaneously North Shore's option-grantor on the Falcon property. Skyharbour's broader portfolio of Athabasca Basin uranium projects makes it the most direct comparable in terms of jurisdiction, asset type, and stage.
Emerging players
- Myriad Uranium Corp. Emerging uranium explorer with US assets, referenced in the Harris Exploration Drilling portfolio alongside North Shore. Comparable as a small-cap US-focused uranium story at a similar exploration stage.
- Homeland Uranium Corp. Emerging US uranium exploration company also referenced in the Harris Exploration drilling portfolio. Comparable as a small-cap US-focused uranium explorer working in the same drilling contractor ecosystem.
Broad incumbents
- Denison Mines Corp. Athabasca Basin uranium developer with interests adjacent to operating McClean Lake mill and Wheeler River project. Denison's combination of exploration assets and ISR-amenable deposits is highly comparable to North Shore's portfolio mix.
- Energy Fuels Inc. US-based uranium and rare earths producer with conventional and ISR-capable assets, including the White Mesa Mill in Utah. Strategic acquirer profile for advanced US uranium assets like Rio Puerco.
- Cameco Corporation: The world's largest pure-play uranium producer and dominant Athabasca Basin operator (Cigar Lake). Cameco sets the strategic-acquisition benchmark for advanced Athabasca assets like North Shore's West Bear.
- NexGen Energy Ltd. Major Athabasca Basin uranium developer (Arrow deposit) operating near North Shore's eastern Athabasca properties. Represents the larger incumbent against which North Shore's exploration optionality must compete for capital and drilling resources.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
North Shore Uranium social profiles
Digital presenceNorth Shore Uranium financial estimates
Financial estimateRevenue estimate
Valuation estimate
North Shore Uranium leadership team
Management profileNumber of profiles
Profiles5 records
North Shore Uranium subsidiaries and ownership
Company hierarchySubsidiaries1 record
North Shore Uranium funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North Shore Uranium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about North Shore Uranium
What does North Shore Uranium do?
North Shore Uranium is a pre-revenue uranium exploration company that acquires and advances uranium mineral properties in two tier-one jurisdictions: the Grants Uranium District in New Mexico (Rio Puerco project) and the Athabasca Basin in Saskatchewan (Falcon and West Bear properties). The company funds and conducts geophysical surveys, diamond and rotary drilling, and geological modeling to identify and validate uranium mineralization targets, earning into projects through option agreements involving cash, share, and exploration expenditure commitments.
Is North Shore Uranium a public or private company?
North Shore Uranium is a public company. It is classified as public and is currently operating.
When was North Shore Uranium founded?
North Shore Uranium was founded in 2023. It employs 11 to 50 people.
Where is North Shore Uranium based?
North Shore Uranium is headquartered in White Rock, Canada, in the North America region.
How does North Shore Uranium make money?
One revenue line is on record: uranium Exploration.
Who are North Shore Uranium's main competitors?
Direct peers on record are Fission Uranium Corp., enCore Energy Corp., Uranium Energy Corp and Skyharbour Resources Ltd.. Emerging players are Myriad Uranium Corp. and Homeland Uranium Corp.. Broad incumbents are Denison Mines Corp., Energy Fuels Inc., Cameco Corporation and NexGen Energy Ltd..
Does North Shore Uranium have an API?
No public API is recorded for North Shore Uranium.
What industry is North Shore Uranium in?
North Shore Uranium's product category is Uranium Exploration. Its primary akta.pro industry code is EUAKACAA, Uranium Exploration & Resource Development, with a secondary code of EUACADAK, Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication). Its NAICS code is 213 and its SIC code is 1000.