What U92 Corp. does

U92 Energy Corp. (operating as U92 Corp.) is a publicly listed junior uranium exploration company on the TSX Venture Exchange (TSXV:UTWO), headquartered at 200 Bay St., South Tower, Suite 2800, Toronto, Canada. The company is single-asset, focused entirely on advancing the Kurupung Uranium Project, a 92.2 km² land package located in the Cuyuni-Mazaruni Region of Guyana within the Aricheng Batholith. U92 is pre-revenue and expects future monetization through uranium extraction and sales, offtake agreements with utilities, project sale, or a development partnership; it has no current customers and no disclosed commercial pricing.

The technical foundation rests on approximately 129,000 metres of historical RC and diamond drilling and over a decade of associated exploration records (drill logs, field reports, assays, QA/QC data) acquired in June 2026 via a C$500,000 share-issuance transaction. Exploration targets are shear-hosted uranium mineralized by late-stage magmatic/metasomatic fluids and identified as magnetic-low features on airborne magnetics. A historical mineral resource estimate comprises 10.591 million pounds U₃O₈ Indicated at 0.072% and 10.047 million pounds Inferred at 0.067%, originally calculated at a US$55/lb uranium price. A phase-one 5,000-metre diamond drill program is being mobilized with an updated mineral resource estimate targeted for H2 2026.

The business model follows the standard junior-mining playbook: advance exploration milestones to expand the resource, then either develop toward production or transact with a strategic acquirer. Target end customers are nuclear power utilities and fuel buyers seeking non-Russian, geopolitically stable long-term uranium supply, supported by global structural demand (61 reactors under construction, ~40 million pound deficit in 2024, spot prices above US$100/lb in Q1 2026). Marketing occurs via TSXV public listing, SEDAR+ regulatory filings, investor presentations, newswire distribution, and a market-making engagement with Velocity Trade Capital Ltd. at C$5,000 per month. Leadership includes CEO & Executive Chairman Adam Clode, CFO Samiuddin Khaja, Non-Executive Director Ross McElroy (former CEO of Fission Uranium Corp., exited for CAD$1.14B to Paladin Energy in 2024), Non-Executive Director Amb. Otto J. Reich, Board Member Jonathan Wiesblatt, and Strategic Advisor Dr. Richard Spencer (former U3O8 Corp CEO who defined the Kurupung historical resource).

Name

U92 Corp.

Legal name

U92 Energy Corp.

Website

https://u92corp.com

Company type

Public

Operating status

Operating

Short description

U92 Energy Corp. (TSXV:UTWO) is a pre-revenue junior uranium explorer advancing the Kurupung Uranium Project in Guyana. It holds a historical 20.6 million pound U₃O₈ resource and is executing a 5,000-metre drill program targeting nuclear utility end-customers.

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)

akta.pro secondary industry

Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK)

Keywords

• Uranium exploration
• Mineral exploration
• Uranium mining
• Nuclear fuel supply
• Resource development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Uranium Production (Future): U92 Energy Corp. is a pre-revenue junior uranium explorer. The company does not currently generate revenue from operations. Future revenue would come from uranium extraction and sales once the Kurupung Project advances through development to production. The company is focused on expanding its historical resource base through exploration drilling to increase the project's value and attract development partners or acquirers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

U92 Corp. is a pre-revenue junior uranium mineral exploration company advancing a single asset, the Kurupung Uranium Project, located in the Cuyuni-Mazaruni Region of Guyana. The 92.2 km² project contains a historical mineral resource of approximately 20.6 million pounds U₃O₈ (10.6 million pounds indicated, 10.0 million pounds inferred) and is currently the subject of an inaugural 5,000-metre diamond drill program intended to update the mineral resource estimate in H2 2026.

Product overview

U92 Energy Corp. is a mineral exploration company operating as a single-product focused entity advancing the Kurupung Uranium Project in Guyana. The company's primary and only product is the Kurupung Project, an advanced uranium exploration asset featuring a 92.2 km² land package with shear-hosted uranium mineralization within the Aricheng Batholith. The project includes historical resources of approximately 20.6 million pounds U₃O₈ (10.6Mlb indicated, 10.0Mlb inferred), approximately 129,000 meters of historical drilling, and eight additional drilled follow-up targets. The company is currently executing a phase-one 5,000-metre diamond drill program to validate historical data and update the mineral resource estimate.

Differentiator

Problem solved

Functional benefit

Products and services

• Kurupung Uranium Project Advanced-stage uranium exploration project located in the Cuyuni-Mazaruni Region of Guyana within the Aricheng Batholith, covering a 92.2 km² land package under two prospecting licenses. The project contains a historical mineral resource of 10.6 million pounds U₃O₈ in the Indicated category and 10.0 million pounds in the Inferred category, supported by approximately 129,000 metres of historical RC and diamond drilling. Future production is intended to supply nuclear power utilities with non-Russian uranium for clean energy generation.

Quantifiable outcome

• 20.6 million pounds historical resource (10.6M lb Indicated + 10.0M lb Inferred U₃O₈)
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators9 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Uranium Energy Corp: US-focused uranium producer and explorer pursuing ISR and conventional uranium projects. Comparable as a North American uranium platform and potential strategic acquirer benefiting from non-Russian supply tailwinds.
• Energy Fuels Inc: US-based uranium and rare earths producer with multiple assets in the Americas. Comparable as a Western uranium producer that benefits from the US ban on Russian uranium and could partner with or acquire developers like U92.
• Cameco Corporation: World's largest publicly traded uranium producer with operations across the nuclear fuel cycle. Comparable as the dominant incumbent setting uranium price benchmarks and the natural buyer of advanced junior uranium projects.
• Paladin Energy Limited: Major uranium producer that acquired Fission Uranium for CAD $1.14B in 2024, exactly the outcome U92's leadership has pursued. Comparable as a strategic acquirer of advanced uranium projects and a benchmark for potential exit value.

Direct peers

• Forum Energy Metals Corp: Junior uranium exploration company with assets in the Athabasca Basin and a comparable TSX Venture profile. Direct peer in stage and scale, advancing drill programs to establish uranium resources.
• NexGen Energy Ltd: Leading uranium explorer and developer with the Arrow deposit in the Athabasca Basin. Closely comparable as a uranium-focused, exploration-to-development-stage Canadian-listed company, representing the larger end of the junior uranium peer set.
• Denison Mines Corp: Junior to mid-stage uranium explorer/developer focused on the Athabasca Basin with ISR development projects. Highly comparable to U92 in stage, exploration-led model, and TSX listing, though operating in a different but analogous uranium district.
• Skyharbour Resources Ltd: Junior uranium exploration company with a portfolio of projects in the Athabasca Basin. Comparable to U92 as a TSX Venture-listed uranium explorer advancing drill programs to grow resource bases.
• IsoEnergy Ltd: Junior uranium exploration and development company operating in the Athabasca Basin. Direct comparable to U92 in stage, single-commodity focus, and TSX Venture scale, although located in Canada rather than Guyana.
• Fission 3.0 Corp: Junior uranium explorer founded by Fission Uranium alumni with Athabasca Basin projects. Direct comparable to U92 as a pre-resource uranium explorer leveraging the same exploration teams and methodologies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds2 records

Investors

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

M&A

Investments

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

Frequently asked questions about U92 Corp.