Announcement • Aug 02
Homeland Uranium Corp Reports Geochemical Uranium Results and Confirms Surface Uranium Mineralization Across Multiple Targets At Cross Bones Uranium Project Homeland Uranium Corp. reported geochemical uranium results of up to 1,820 ppm U (2,146 ppm U3O8 equivalent) from its May 2026 mapping and rock sampling program at the 100%-owned Cross Bones Uranium Project in northwestern Colorado. Samples also returned elevated vanadium values of up to 1,640 ppm V. The results confirm surface uranium mineralization across multiple target areas, including the Cross Bones Uranium Deposit (Blue Flame Area) and the newly discovered East Ridge Showing. Thirty-nine rock samples were collected in the Blue Flame Area where the Cross Bones Uranium Deposit is exposed at surface. The highest-grade sample returned 1,820 ppm U (2,146 ppm U3O8 equivalent) from a sandstone outcrop located approximately 650 m east and along strike of the outcropping Cross Bones Uranium Deposit. Several samples also returned elevated vanadium values ranging up to 1,640 ppm V consistent with many sandstone-hosted uranium deposits in the Colorado Plateau that commonly contain significant concentrations of vanadium. Uranium and vanadium mineralization was observed within sandstone, coal, and shale, with several uranium-bearing samples spatially associated with mapped fault structures. The newly discovered East Ridge Showing, located approximately 5 km east-southeast of the Cross Bones Area, returned anomalous uranium values ranging from 106 – 231 ppm U from surface outcrop sampling. The East Ridge samples were collected from radioactive sandstone and coal outcrops occurring intermittently over approximately 500 metres of strike length within the Sego Sandstone Formation. The results confirm the presence of both uranium and vanadium mineralization and demonstrate the potential for additional mineralized zones beyond the known Cross Bones Deposit. Reconnaissance sampling was also completed in the far western portion of the property to evaluate favorable stratigraphy and structure features identified during field mapping. Eleven outcrop samples returned uranium values ranging from 3.4 to 13.6 ppm U and vanadium values ranging from 51 to 123 ppm V. The results from Homeland's mapping program have now been integrated with the Company's recently acquired historical exploration database to finalize drill targeting. The upcoming drill program is designed to twin selected historical drill holes to validate historical results, confirm continuity of mineralization within select portions of the Cross Bones Uranium Deposit, and determine the geological controls on uranium mineralization to support future expansion and delineation drilling. Additional geological mapping and sampling programs are also being planned to further evaluate the East Ridge Showing and other prospective targets identified during the May 2026 exploration program. Homeland Uranium Corp. has also received analytical results from the final 25 holes of the 33 holes completed during the 2025-2026 reverse circulation drill campaign completed at the Coyote Basin Uranium Project. The holes were drilled within both the Central and Southern Drill Areas. All analyzed samples, with one exception, returned uranium concentrations of 30 ppm U or less. Hole CB-RC-0042 intersected 1.52 m (5 ft) of 67 ppm U from 44.2 m to 45.72 m (145 ft to 150 ft). Samples were collected from drill cuttings obtained from within the zones of elevated radioactivity identified through downhole spectral gamma ray probing. As part of Homeland's quality assurance and quality control program, selected samples will be submitted to the Saskatchewan Research Council for independent verification of the SGS Laboratories analytical results. The Company will continue reviewing the results of the drill program and may consider additional exploration at Coyote Basin should further work indicate uranium mineralization is not adequately represented by the current drill spacing or that reverse circulation drilling affected sample recovery. Rock samples for the Cross Bones Property 2026 mapping program were collected selectively from outcrop and mineralized exposures and are considered grab samples, which are inherently selective in nature and may not be representative of underlying mineralization. Sample selection was based on counts per second readings from either (or both) a calibrated CT007-M instrument or a portable gamma-ray spectrometer PGIS-2. Samples were placed in sealed bags and transported under chain of custody procedures to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Analytical work included Paragon's PREP-PKG sample preparation and 48-element multi-acid digestion with ICP-MS analysis. Paragon's methods are ISO 17025:2017 accredited and valid through multiple international proficiency testing programs. During the Coyote Basin 2025-2026 drill program, reverse circulation chip samples were taken at 5 ft long intervals for geochemical analysis and were sent to SGS Laboratories in Lakefield, Ontario. Samples were shipped in secure containment for preparation, processing and multi-element analysis by Sodium Peroxide Fusion and Inductively Coupled Plasma Optical Emission Spectrometry. Samples were chosen for analysis based on downhole probing radiometric equivalent grades above 0.005 % eU3O8. SGS Lab is certified ISO 17043: General requirements for proficiency testing. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Homeland Uranium Corp. and the SGS in accordance with each's respective quality assurance/quality control procedures. All depths and intervals reported are drilled depths and downhole lengths, unless otherwise stated. True thicknesses have not yet been determined. Nancy Normore, P.Geo., the Company's Vice President, Exploration, is a Qualified Person as defined in NI 43-101, and has reviewed and approved the technical content of this news release. Board Change • Jun 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Independent Director Andrew Tunks is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • May 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.3m (US$9.02m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.3m market cap, or US$9.02m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). 
