UraniumX Discovery Corp. (CSE: STMN | OTCQB: STMXF | FSE: Q7S) has released a multi-project exploration update, confirming that chemical assay results from its expanded 2026 diamond drill program at the Murphy Lake uranium property in Saskatchewan are anticipated in Q4 2026. The company also announced plans for a winter 2027 ground gravity and extended electromagnetic survey at the property. Additionally, UraniumX disclosed a grant of 7,050,000 restricted share units and the adoption of a new advance notice policy, rounding out a busy corporate update that investors in the junior uranium sector may be watching closely.

Key Points

  • UraniumX Discovery Corp. (CSE: STMN) is a Canadian junior uranium exploration company active in Saskatchewan and Quebec.
  • Assay results from 4,092 metres drilled across nine holes at Murphy Lake remain pending at SRC Geoanalytical Laboratories, with results anticipated in Q4 2026.
  • A winter 2027 ground gravity survey and extended MLEM program is being planned at Murphy Lake; the company has deployed more than $3.1 million in cash to Murphy Lake to date.
  • Investors will be watching for Q4 2026 assay results and the finalisation of the winter 2027 geophysical program scope and budget.

Murphy Lake Assays and Two Defined Mineralized Trends

The 2026 diamond drill program at Murphy Lake — expanded from a planned 2,500 metres to a completed 4,092 metres across nine holes and six target areas — intersected anomalous radioactivity in five of those six areas. Drilling defined two mineralized trends: the Murphy Lake North Trend, where anomalous radioactivity was intersected over more than 330 metres of strike length including visually identified pitchblende in hole ML26-015, and the Murphy Lake South Trend, now extended to approximately 1.3 kilometres of strike. Assay results from SRC Geoanalytical Laboratories in Saskatoon are anticipated in Q4 2026 and will be reported upon receipt.

Winter 2027 Ground Gravity and Extended EM Survey at Murphy Lake

With drilling establishing mineralisation along both trends but not yet identifying where alteration and structure best concentrate uranium at the unconformity, UraniumX announced that a property-wide ground gravity survey and an extension of MLEM coverage along both trends is being planned for winter 2027, with F4 Uranium Corp. (TSXV: FFU) as operator. The release states that final survey scope, timing, and budget will be confirmed once Murphy Lake assay results have been received and integrated with 2026 drill data. UraniumX has deployed more than $3.1 million in cash to Murphy Lake to date, including over $2.6 million in exploration expenditures.

Dieter Lake Database Verification and IsoEnergy Strategic Stake

At the 100%-owned Dieter Lake uranium project in North-Central Quebec — acquired on August 19, 2026 — UraniumX confirmed that compilation and verification of the historical drill database is underway to support an updated NI 43-101 technical report being prepared by Dahrouge Geological Consulting Ltd. The property hosts a 2006 historical estimate of 19.3 million tonnes at 0.057% U₃O₈, containing approximately 24.4 million pounds U₃O₈, which the company cautions is not a current mineral resource. Following the Dieter Lake acquisition, IsoEnergy subsidiary Consolidated Uranium Inc. holds approximately 15.2% of UraniumX's issued shares on a non-diluted basis.

RSU Grant and Advance Notice Policy Adopted

UraniumX also announced the grant of 7,050,000 restricted share units to certain directors, officers, and consultants. Each RSU entitles the holder to one common share upon vesting, which occurs on the later of four months and one day from grant or the achievement of certain objective business milestones. Separately, the board adopted an advance notice policy effective September 18, 2026, establishing deadlines and disclosure requirements for shareholder director nominations. The policy will be placed before shareholders for ratification at the next annual general meeting.