Brooke Clements, President and CEO of North Shore acknowledged: “North Shore’s Rio Puerco venture within the Grants Uranium District of New Mexico, USA, hosts a major historic uranium useful resource with glorious upside. The staking of 27 new claims enhances the Firm’s technique of confirming and increasing upon the dimensions of uranium mineralization discovered by earlier work carried out at Rio Puerco whereas additional assessing the potential for ISR uranium restoration.”
RIO PUERCO WORK HISTORY AND HISTORICAL RESOURCE ESTIMATES
Uranium was first found at Rio Puerco in 1968. The claims protecting the invention had been finally optioned to Kerr-McGee Company who drilled over 1,000 holes. Based mostly on the outcomes of that work, they started the event of the Rio Puerco Mine within the Seventies. The uranium mineralization is hosted in sandstone of the Jurassic-aged Morrison Formation, host to nearly the entire vital uranium deposits within the Grants Uranium District, the most important historic uranium producing space in the US. The mine was supposed to be a room and pillar underground mine however was by no means put into manufacturing. Exercise ceased after a brief trial mining part as a result of low uranium costs on the time. The underground mine infrastructure included a 260m vertical shaft, air flow shafts, mining adits and help buildings. The mining shaft stays and street entry to the positioning is great.
In 2009, Monaro Mining NL (“Monaro“) commissioned an impartial geological overview and useful resource estimate for Rio Puerco utilizing exploration information generated by Kerr-McGee within the Sixties and Seventies. The info used for the useful resource estimate consisted of historic maps and information from 764 drill holes together with downhole gamma-ray information transformed to p.c equal U3O8 (eU3O8), geological logs and drillhole survey information. Monaro reported a JORC 2004-compliant inferred useful resource of 6.0 million tonnes at a mean grade of 0.09% eU3O8 utilizing a cutoff grade of 0.03% eU3O8 for 11.4 million kilos of contained U3O8 [1]. JORC is the Australian Joint Ore Reserves Committee, an expert code of follow that units minimal requirements for public reporting of Mineral Assets.
In 2011, Australian-American Mining Company Ltd. commissioned a technical report on Rio Puerco. This most up-to-date report validated and confirmed the Historic Useful resource[2].
The Historic Useful resource outlined on this information launch has not been verified and shouldn’t be relied upon. It’s a historic estimate and never present and doesn’t adjust to Canadian NI 43-101 pointers for the reporting of Mineral Assets. A certified individual has not verified the Historic Useful resource estimate on behalf of the Firm and North Shore has accomplished no work packages at Rio Puerco. Although not present, the Firm views the Historic Useful resource estimates as dependable and enough to justify the initiation of labor packages aimed toward validating and probably increasing upon the estimates. There isn’t a assure that the work packages envisioned by North Shore will finally outcome within the definition of NI 43-101 compliant sources.
The 27 new BLM claims are topic to the Rio Puerco Possibility Settlement underneath which North Shore has the precise to amass as much as an 87.5% curiosity in Rio Puerco from Resurrection Mining LLC (“Resurrection“). Additional data on Rio Puerco will be discovered within the Firm’s information releases dated June 24, 2025, and August 28, 2025.
The important thing assumptions, parameters, and strategies used to organize the Historic Useful resource estimate are described within the referenced technical reviews.
EQUITY COMPENSATION
On September 10, 2025, the Board of Administrators of the Firm accepted a grant of a complete of 1,625,000 restricted share models (“RSUs“) to administrators, officers and consultants of the Firm underneath the Firm’s shareholder accepted Fairness Incentive Plan. The RSUs will vest on the primary anniversary of the grant date and will probably be settled in accordance with the Fairness Incentive Plan.
As well as, a complete of two,075,000 inventory choices had been granted pursuant to the Firm’s shareholder accepted Inventory Possibility Plan to administrators, officers and consultants of the Firm, and grant the holder the precise to buy one widespread share at a purchase order value of $0.175 per widespread share for a interval of 5 (5) years from the date of grant. The inventory choices will vest instantly upon grant.
The securities issued pursuant to the fairness grants described herein are topic to a statutory maintain interval of 4 months and in the future from the date of issuance in accordance with relevant Canadian securities legal guidelines and the insurance policies of the TSX Enterprise Trade. The fairness grants described herein stay topic to the approval of the TSX Enterprise Trade.
ABOUT NORTH SHORE
The nuclear energy business is in development mode as extra nuclear energy will probably be required to satisfy the world’s bold CO2 emission-reduction objectives and the wants of recent power-intensive applied sciences like AI. On this setting, new discoveries of financial uranium deposits will probably be very precious, particularly in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well-positioned to develop into a significant drive in exploration for financial uranium deposits. The Firm is working to attain this objective by exploring Rio Puerco within the Grants Uranium District of New Mexico and its Falcon and West Bear properties on the japanese margin of the Athabasca Basin in Saskatchewan. As well as, the Firm continues to judge high quality alternatives in the US and Canada to enrich its portfolio of uranium properties.
QUALIFIED PERSON
Mr. Brooke Clements, MSc, P.Geol., a Certified Particular person as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives and the President and CEO of North Shore, has reviewed and accepted the scientific and technical disclosure on this press launch.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Govt Officer and Director
For additional data:
Please contact: Brooke Clements, President, Chief Govt Officer and Director
Phone: 604.536.2711
E mail: b.clements@northshoreuranium.com
www.northshoreuranium.com
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Ahead-Wanting Statements
This information launch comprises forward-looking statements. All statements, apart from statements of historic reality, that tackle actions, occasions, or developments that the Firm believes, expects, or anticipates will or could happen sooner or later are forward-looking statements. These statements mirror administration’s present expectations based mostly on data at the moment out there and are topic to a variety of dangers and uncertainties which will trigger precise outcomes to vary materially from these mentioned within the forward-looking statements. Ahead-looking statements on this launch embrace, however will not be restricted to: the Firm’s plans to substantiate and broaden upon the dimensions of uranium mineralization on the Rio Puerco venture; the potential for in-situ restoration (ISR) mining at Rio Puerco; the initiation and outcomes of labor packages aimed toward validating and probably increasing upon historic useful resource estimates; the Firm’s means to amass as much as an 87.5% curiosity within the Rio Puerco venture and to create a three way partnership with Resurrection Mining LLC; the grant, vesting, and settlement of restricted share models and inventory choices underneath the Firm’s fairness incentive plans; the Firm’s means to draw and retain administrators, officers, and consultants by means of fairness compensation; the Firm’s technique to develop into a significant drive in uranium exploration and to judge further alternatives in the US and Canada; the precise outcomes of present and deliberate exploration actions, together with the potential for the definition of a mineral deposit of potential financial worth on the Firm’s Falcon property in Saskatchewan and Rio Puerco in New Mexico; the power of the Firm to satisfy milestones and make bonus funds to Resurrection; the interpretation and which means of accomplished and future geophysical surveys, drilling outcomes, and financial evaluations; the supply of enough funding on phrases acceptable to the Firm to finish deliberate work packages; the timing and receipt of required regulatory and governmental approvals; and different statements that aren’t historic info. Ahead-looking statements are often characterised by phrases corresponding to “plan”, “venture”, “seem”, “interpret”, “coincident”, “potential”, “verify”, “recommend”, “consider”, “encourage”, “possible”, “anomaly”, “steady” and variations of those phrases in addition to different comparable phrases or statements that sure occasions or situations “might”, “could”, “ought to”, “would” or “will” happen. These statements are topic to numerous dangers and uncertainties which will trigger precise outcomes to vary materially from these anticipated or implied, together with, however not restricted to: the speculative nature of mineral exploration and growth tasks; the power to acquire mandatory permits and approvals; adjustments in venture plans and parameters; variations in mineral grades and restoration charges; accidents, labour disputes and different dangers of the mining business; the supply of funding on phrases acceptable to the Firm; delays in acquiring governmental approvals or financing; fluctuations in metallic costs; and different components described within the Firm’s public disclosure paperwork. There could also be different components that trigger precise outcomes, efficiency, or achievements to vary materially from these anticipated or implied by the forward-looking statements. Any forward-looking assertion speaks solely as of the date on which it’s made and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not because of new data, future occasions, or outcomes or in any other case. Ahead-looking statements will not be ensures of future efficiency and accordingly undue reliance shouldn’t be placed on such statements as a result of inherent uncertainty therein. Any forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.
[1] Monaro Mining NL, 2009, 250% improve in uranium useful resource stock at Rio Puerco deposit, New Mexico USA: Monaro Mining NL ASX information launch: (hyperlink)
[2] Boyer, D. and Ostensoe, E., 2011, NI 43-101 technical report, Rio Puerco deposit, Sandoval county, New Mexico, USA: Unbiased report commissioned by Australian-American Mining Company Ltd.: (hyperlink)
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