What UraniumX Discovery does

UraniumX Discovery Corp. is a Canadian junior uranium exploration company headquartered in Vancouver, British Columbia, and listed on the CSE (STMN), OTCQB (STMXF), and Frankfurt Stock Exchange (Q7S). The company controls a 33,471-hectare portfolio of three uranium exploration properties in Saskatchewan's Athabasca Basin — the world's highest-grade uranium district, hosting approximately 20% of global uranium supply at grades 10 to 100 times the world average. Its flagship is the 609-hectare Murphy Lake property, which UraniumX is earning up to a 70% interest in from F4 Uranium Corp. under an option agreement requiring C$10 million of exploration over 42 months. The 100%-owned Zoo Bay (19,850 ha) and NeoCore (13,012 ha) properties have been partnered out to Pond Technologies and Gold'n Futures respectively under earn-in options, in a project-generator structure that lets UraniumX retain 2% NSR royalties and equity exposure on non-core assets while concentrating capital on Murphy Lake.

Exploration methodology combines Moving Loop Electromagnetic (MLEM) ground geophysical surveys, ground gravity, diamond drilling, and a research collaboration with the University of Saskatchewan on quartz-degradation analytics as a pathfinder for basement-hosted uranium mineralization. The company is pre-revenue, has no defined mineral resources or reserves on any property, and funds all activity through equity financings (LIFE offerings and flow-through private placements). The leadership team is led by CEO Esen Boldkhuu (appointed December 2025) with strategic guidance from former Orano Canada CEO Vincent Martin and Chief Geologist Ken Wheatley (47+ years of basin experience); the team is collectively credited with eight uranium deposit discoveries, four advanced to production. As of February 28, 2026, the company held C$5.31M in cash, C$9.61M in shareholder equity, and ~92.64M shares outstanding; exploration and evaluation assets totalled C$2.5M.

Name

UraniumX Discovery

Legal name

UraniumX Discovery Corp.

Website

https://uraniumx.ca

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

UraniumX Discovery Corp. is a Vancouver-based, publicly listed junior uranium explorer operating a 33,471-hectare portfolio across three Athabasca Basin properties in Saskatchewan, with a project-generator model that concentrates capital on the flagship Murphy Lake earn-in while partnering out non-core assets.

Ownership category

akta.pro rank

Product category

Uranium Mineral Exploration

NAICS

Other Metal Ore Mining (212290)

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Uranium exploration
• Athabasca Basin mining
• Mineral exploration services
• Uranium project generator
• Critical minerals discovery

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Exploration Stage — No Revenue: UraniumX Discovery is a pre-revenue junior uranium exploration company. It has not defined any mineral resources or mineral reserves on any of its properties and has no producing assets. All capital is raised through equity financings. The company uses a project generator model, optioning non-core properties to third parties in exchange for cash payments, share issuances, exploration expenditure commitments, and retained royalties (NSR), which represent potential future revenue if commercial production is achieved.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

UraniumX Discovery Corp. is a junior uranium exploration company operating a portfolio of three uranium properties totaling 33,471 hectares in Saskatchewan's Athabasca Basin. The company employs a project generator model, earning up to a 70% interest in the flagship Murphy Lake property via an option agreement with F4 Uranium Corp. while retaining 100% ownership of the Zoo Bay and NeoCore properties (optioned to Pond Technologies and Gold'n Futures, respectively). Exploration activities integrate Moving Loop Electromagnetic (MLEM) geophysical surveys, diamond drilling, and a University of Saskatchewan research collaboration on quartz-degradation analytics targeting high-grade uranium mineralization.

Product overview

UraniumX Discovery Corp. is a Canadian junior uranium exploration company offering access to a portfolio of three uranium exploration properties totaling 33,471 hectares in Saskatchewan's Athabasca Basin. The company's primary offering is the Murphy Lake Uranium Property (earning up to 70% interest via F4 Uranium option), complemented by the 100%-owned Zoo Bay Uranium Project (19,850 ha) and NeoCore Uranium Property (13,012 ha). The company employs a project generator approach, optioning non-core assets while concentrating exploration capital on flagship Murphy Lake. Exploration programs integrate geophysics, drilling, and academic research collaborations.

Differentiator

Problem solved

Functional benefit

Products and services

• Murphy Lake Uranium Property 609-hectare flagship uranium exploration property in the northeastern Athabasca Basin, Saskatchewan. Located 5 km south of IsoEnergy's Hurricane Deposit (48.6 Mlb at 34.5% U3O8) and 4 km east of Cameco's La Rocque Lake Zone. Drill-confirmed uranium indicators include visible pitchblende, anomalous radioactivity up to 2,564 cps, and the 300-metre Murphy Lake North Trend.
• Zoo Bay Uranium Project 19,850-hectare uranium exploration property (15 mineral claims) in the northeastern Athabasca Basin, 100% owned by UraniumX. Features shallow unconformity at 0-200m depth, located 60 km from the McClean Lake processing mill. Currently optioned to Pond Technologies Holdings Inc. with UraniumX retaining a 2.0% NSR royalty.
• NeoCore Uranium Property 13,012-hectare uranium exploration property (6 mineral claims) located east of the Athabasca Basin in Saskatchewan, prospective for basement-hosted uranium mineralization, 100% owned by UraniumX (via subsidiary NeoCore Uranium Ltd.). Approximately 65 km from Cameco's McArthur River mine. Subject to active research collaboration with University of Saskatchewan on quartz-degradation analytics. Optioned to Gold'n Futures Mineral Corp. with UraniumX retaining a 2.0% NSR royalty and a 19.7% equity stake in Gold'n Futures.

Quantifiable outcome

• Visual pitchblende identified above unconformity in first drill hole of 2026 program (ML26-015); anomalous radioactivity confirmed in 100% of target areas tested; downhole gamma readings up to 2,564 cps; Murphy Lake North Trend defined across ~300 m of strike

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Gold'n Futures Mineral Corp.coreChannel Partner/ Reseller/ Distributor · 12 May 2026UraniumX Discovery (through its subsidiary NeoCore Uranium Ltd.) granted Gold'n Futures Mineral Corp. (CSE: FUTR) an exclusive option to acquire 100% interest in the NeoCore Uranium Property (13,012 ha, 6 claims) in Saskatchewan's Athabasca Basin. Gold'n may earn its interest over 36 months by issuing up to 11,580,000 common shares (amended from 12,000,000), making cash payments of C$550,000, and incurring C$2,750,000 in exploration expenditures. UraniumX retains a 2.0% NSR royalty and acts as operator during the option period. UraniumX received 580,000 Gold'n shares (19.7% stake) as partial consideration on closing (June 17, 2026).
• Machai Capital Inc.minorGTM or Marketing Partner · 1 May 2026UraniumX engaged Machai Capital Inc. to provide marketing, advertising, and public awareness services including a comprehensive digital media marketing program, multiplatform digital campaigns, social media amplification, and targeted investor communications. Contract duration: 3 months. Consideration: C$300,000 plus GST from working capital. Machai Capital and its principal Suneal Sandhu hold 362,500 common shares, 362,500 warrants, and 250,000 RSUs in UraniumX.
• Pond Technologies Holdings Inc.minorChannel Partner/ Reseller/ Distributor · 27 April 2026UraniumX Discovery Corp. (through its wholly-owned subsidiary 1477571 B.C. Ltd.) entered into a letter of intent with Pond Technologies Holdings Inc. granting an exclusive option to acquire 100% interest in the Zoo Bay Uranium Project (19,850 ha, 15 claims). Pond may earn its interest by issuing 16,000,000 common shares, making cash payments of C$350,000 over 3 years, and incurring C$4,500,000 in exploration expenditures. Transaction remains subject to negotiation of a definitive option agreement, TSXV approval, Pond shareholder approval, and other regulatory approvals. The transaction contemplates Pond undergoing a 'change of business' and RTO in connection with TSXV policies.
• Fairfax Partners Inc.minorGTM or Marketing Partner · 24 February 2026UraniumX entered into a services agreement with Fairfax Partners Inc., a Vancouver-based digital marketing and investor relations consultancy, to provide investor relations activities under CSE policies. Initial term: 6 months commencing February 24, 2026. Consideration: CAD $175,000 plus applicable taxes. Fairfax is arm's length to UraniumX and holds no securities of the Company.
• Vincent Martin (Strategic Advisor)coreStrategic or Co-development Partner · 14 January 2026Vincent Martin was appointed Strategic Advisor to UraniumX Discovery Corp. He served as CEO of Orano Canada Inc. for 12 years, overseeing operations at McClean Lake mill, Cigar Lake mine, McArthur River mine, and Cluff Lake site. He has 37 years of uranium exploration, development, and operations experience with the Orano/Areva group. His appointment strengthens technical and strategic capabilities as the company prepares for its Murphy Lake drilling program and advances its three-property Athabasca Basin portfolio.
• F4 Uranium Corp.coreStrategic or Co-development Partner · 29 July 2025F4 Uranium Corp. (TSXV: FFU) granted UraniumX Discovery Corp. an exclusive option to earn up to 70% interest in the Murphy Lake uranium property (609 ha) in Saskatchewan's Athabasca Basin. Under the option agreement, UraniumX pays F4 C$800,000 in cash over 24 months, funds C$10 million in exploration over 42 months, and issues shares equal to 9.9% of UraniumX's outstanding shares. A 'bump-up' option allows UraniumX to acquire an additional 20% (for a total 70%) by paying C$500,000 and funding C$8 million in additional exploration. F4 retains a 2.0% NSR royalty upon commercial production. F4 acts as operator during the earn-in period. UraniumX is fully funding and directing the 2026 MLEM survey and drill program.
• University of SaskatchewancoreStrategic or Co-development PartnerUraniumX Discovery established a research collaboration with the University of Saskatchewan's Department of Geological Sciences focused on quartz-degradation analytics — an emerging exploration technique using alteration signatures of quartz grains as pathfinders for uranium mineralization at depth. The research collaboration is applied to the NeoCore property and provides scientific insights to complement traditional geophysical exploration methods.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• IsoEnergy Ltd. Athabasca Basin-focused uranium developer whose Hurricane deposit (48.6 Mlb at 34.5% U3O8) sits approximately 5 km from UraniumX's flagship Murphy Lake property. Most directly comparable peer in terms of basin focus, asset scale, and exploration stage.
• F4 Uranium Corp. Athabasca Basin uranium explorer and operator of the Murphy Lake property under earn-in from UraniumX. Closely aligned in geographic focus and asset model, with shared exploration strategy on the same claims.
• NexGen Energy Ltd. Major Athabasca Basin uranium developer anchored by the Arrow deposit discovery. NexGen director Matthew Schwab's involvement at UraniumX is a direct lineage; both companies pursue high-grade basement-hosted unconformity uranium targets in the same basin.
• Denison Mines Corp. Athabasca Basin uranium developer with the Phoenix ISR deposit and Wheeler River project, and a joint-venture partner with Cosa Resources on the Cyclone trend ~3 km from UraniumX's Murphy Lake. Directly comparable asset portfolio and basin exposure.
• Cosa Resources Corp. Early-stage Athabasca Basin uranium explorer active on the Murphy Lake North joint venture with Denison, directly adjacent to UraniumX's claims. Closest geographic and stage-of-exploration peer in the NE Athabasca.
• Skyharbour Resources Ltd. Athabasca Basin uranium project generator with a multi-property portfolio and partner-funded exploration model. Closely comparable business model to UraniumX, including option/JV structures that retain royalties and equity exposure.
• Standard Uranium Ltd. Canadian junior uranium explorer with multiple early-stage Athabasca Basin projects. Comparable scale, exploration stage, and capital markets profile to UraniumX as a CSE-listed uranium discovery play.
• Purepoint Uranium Group Inc. Athabasca Basin-focused uranium explorer with a portfolio of joint-ventured projects, including partnerships with major operators. Similar junior explorer profile with JV/partnership-funded drilling model.

Broad incumbents

• Cameco Corporation: World's largest pure-play uranium producer operating McArthur River and Cigar Lake in the Athabasca Basin, both within proximity to UraniumX's properties. The dominant incumbent in the same basin providing infrastructure and processing (McClean Lake) context.
• Orano Canada Inc. French nuclear major's Canadian subsidiary operating the McClean Lake mill and holding uranium assets in the Athabasca Basin. Vincent Martin's 12-year tenure as Orano Canada CEO provides UraniumX with a direct strategic link to this incumbent operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/UraniumXCorp
• LinkedInlinkedin.com/company/uraniumx

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UraniumX Discovery