Board Change • Mar 10
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive Director Brett Mitchell is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Peter Nightingale was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Dec 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (215% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$40.8m market cap, or US$27.1m). Announcement • Oct 23
Uvre Limited, Annual General Meeting, Nov 27, 2025 Uvre Limited, Annual General Meeting, Nov 27, 2025. Location: at 3 richardson street, wa 6005, west perth Australia New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (229% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$32.2m market cap, or US$21.2m). New Risk • Jul 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 221% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (221% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$23.2m market cap, or US$15.1m). Announcement • May 20
Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Transaction Features: Subsequent Direct Listing Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Alex Passmore was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.88m market cap, or US$3.04m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Oct 22
Uvre Limited Announces Change in Company Secretary Uvre Limited announced the appointment of Mr. Tom O'Rourke as Company Secretary effective 22 October, 2024. Mr. O'Rourke specialises in corporate advisory, company secretarial and financial management services. He is a CA as well as having a Master's degree in Project Management. Previously Mr. O'Rourke spent a number of years in the audit division of a leading international Audit, Tax & Advisory firm, focused on engagements across the natural resources, technology and industrial sectors. The appointment follows the resignation of Ms. Kate Sainty as Company Secretary, who has resigned to take maternity leave, effective 22 October 2024. Announcement • Sep 16
Uvre Limited, Annual General Meeting, Nov 27, 2024 Uvre Limited, Annual General Meeting, Nov 27, 2024. Announcement • Jul 03
Uvre Limited (ASX:UVA) completed the acquisition of 3 Uranium Exploration Prospects in South Australia. Uvre Limited (ASX:UVA) agreed to acquire 3 Uranium Exploration Prospects in South Australia for AUD 0.3 million on May 6, 2024.
Uvre Limited (ASX:UVA) completed the acquisition of 3 Uranium Exploration Prospects in South Australia on July 1, 2024. New Risk • Jun 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.73m market cap, or US$3.82m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Jun 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$6.34m market cap, or US$4.22m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • May 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$4.34m market cap, or US$2.85m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • May 06
Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,425,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,075,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Announcement • Oct 05
Uvre Limited, Annual General Meeting, Nov 17, 2023 Uvre Limited, Annual General Meeting, Nov 17, 2023, at 10:30 W. Australia Standard Time. Location: t 945 Wellington Street, West Perth WA 6005 West Perth Australia Agenda: To consider the election of directors. New Risk • Sep 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$11k revenue, or US$7.2k). Market cap is less than US$10m (AU$5.52m market cap, or US$3.56m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Sep 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$11k revenue, or US$7.1k). Market cap is less than US$10m (AU$4.91m market cap, or US$3.13m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Announcement • May 06
Uvre Limited Provides an Update on Its 100% Owned Eastern Canyon Uranium Project Located in South-East Utah, USA Uvre Limited provided an update on its 100% owned Eastern Canyon Uranium Project located in south-eastern Utah, USA. East Canyon Project Update. Ongoing interpretation of the initial, closely spaced reconnaissance drill program at the East Canyon Project drilled late 2022 in which final assays were received in February 2023 has confirmed consistent uranium-vanadium mineralization between drill holes. The drilling interpretation confirms the East Canyon Project area remains highly prospective for sedimentary feature/structure hosted uranium-vanadium and rare earth oxide mineralization. The drill results confirm the uranium and vanadium mineralisation extends beyond the historical underground workings at both None Such and Bonanza prospects at shallow depths of less than 60m. The mineralisation is open in various directions and further modelling and field confirmation work is required to continue to build an understanding of the potential size of the uranium-vanadium mineralisation hosted within the Salt Wash reducing sediments. Modelling of the trace rare earth oxide component of the mineralised system is ongoing. The higher-grade uranium and vanadium zones are generally interpreted to have been deposited by braided and meandering streams, which are now covered at the surface, by sand and sediment. The district hosts several significant uranium-vanadium operations including TSX listed Energy Fuels Inc.'s La Sal Complex mines and development projects, International Consolidated Uranium's Rim/Columbus and Sage Plains project which was subject to a recent acquisition and strategic alliance with Energy Fuels, and Velvet-Wood, owned by TSX-V-listed company Anfield Resources. Energy Fuels' White Mesa Mill, the only fully licensed and operating conventional uranium-vanadium mill in the US, is located 50km from the East Canyon Project along major highway 191. This announcement has been authorised by the Board of Uvre Limited. Announcement • Feb 18
Uvre Limited Reports Results from the Remaining Batch of Geochemical Assays Received from Recently Drilled Holes at the None Such and Bonanza Prospect Uvre Limited report results from the remaining batch of geochemical assays received from recently drilled holes at the None Such and Bonanza prospect, at the East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA (East Canyon Project). Anomalous readings for uranium, vanadium and rare earths were also noted within several zones of recovered core via a hand-held portable XRF (pXRF) (Thermo Fisher Scientific Niton XL5). Selective samples of core were prepared and dispatched to a certified laboratory for geochemical analysis, with all results reported. All drill holes are vertical, with intercepts interpreted to represent true thickness. Laboratory assays for rare earths are less than 300ppm but show some elevations associated with clays. UVRE will continue to monitor the REE potential while focusing on uranium and vanadium targets. Uranium and vanadium bearing ore deposits in the East Canyon district are generally confined to the Salt Wash Member of the Jurassic-age Morrison Formation which due to the geological processes, naturally pinches and swells with variable thickness and grade. Assays received thus far confirms that the mineralised Uranium and Vanadium system continues beyond historical workings at None Such and Bonanza at a shallow depth of less than 60m. UVRE will use the winter hiatus in field operations to collate and interpret all new data and integrate it with regional geological interpretation to define new target areas for the 2023 field season. The East Canyon uranium-vanadium project comprises 231 contiguous claims (~4,620 acres/18.7km2) prospective for uranium and vanadium in the Dry Valley/East Canyon mining district of south-eastern Utah, USA (the Claims). The Uravan Mineral Belt and surrounding Salt Wash ore producing districts of the Colorado Plateau, which hosts the Claims, has been an important source of uranium and vanadium in the US for more than 100 years, with historic production of more than 85 million pounds of uranium at an average grade of more than 0.13% UO and more than 440 million pounds of vanadium at an average grade of 1.25% VO. The district hosts several significant uranium-vanadium operations including TSX listed Energy Fuels Inc.'s La Sal Complex mines and development projects, International Consolidated Uranium's Rim/Columbus and Sage Plains project which was subject to a recent acquisition and strategic alliance with Energy Fuels, and Velvet-Wood, owned by TSX-V-listed company Anfield Resources. Energy Fuels' White Mesa Mill, the only fully licensed and operating conventional uranium-vanadium mill in the US, is located 50km from the East Canyon Project along major highway 191. The Company advises that the 1,400,000 Class A Performance Rights have vested as a result of the drilling results in this announcement, specifically the achievement of (B) at least two metres of an ore grade of greater than or equal to 0.1% U3O8 on any of the East Canyon Project claims. Announcement • Dec 22
Uvre Limited Provides an Update on Drilling Activities At the Bonanza Prospect, At the East Canyon Uranium-Vanadium Project Uvre Limited provided an update on drilling activities at the Bonanza Prospect, at the East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA (East Canyon Project). East Canyon Drilling Update Five (5) drill holes have been completed to date at Bonanza Prospect, EC2201, EC2212, EC2218, EC2221 and EC2219. EC2201, EC2212, EC2218 were diamond cored from surface to end of hole. EC2221 and EC2219 were drilled via rotary drill to the top of the Salt Wash Member and diamond cored through the Salt Wash Member to end of hole. A 6th hole EC2213 was drilled via rotary to the top of Salt Wash however the remainder of the hole wasn't completed due to weather conditions. Total depth of each hole drilled at Bonanza are less than 60m from surface. Inspection of the recovered core from the five holes drilled at Bonanza has been undertaken by the onsite geologist at the core storage shed and all holes have now been logged. Certain zones within all five holes indicated levels of elevated radioactivity to background count as measured by a hand-held scintillometer (Radiation Solutions Inc. model # RS-230). Anomalous readings for uranium, vanadium and rare earths have also been noted within several zones of the recovered core via a hand-held portable XRF (pXRF) (Thermo Fisher Scientific Niton XL5). Selective samples of core have now been prepared and dispatched to a certified laboratory for geochemical analysis. Uranium and vanadium bearing ore deposits in the East Canyon district are generally confined to the Salt Wash Member of the Jurassic-age Morrison Formation thus the diamond core collected to date from Bonanza will provide important data on the stratigraphy and the geology, including structures and controls of the uranium and vanadium mineralisation. Indications of Rare Earth Elements readings via pXRF on core recovered from the drilling at None Such prospect weren't necessarily hosted within the Salt Wash member zones. Therefore, it was important to gather samples of core from surface to end of hole to better understand the rare earth potential at Bonanza. Drilling from surface via diamond core in holes EC2201, EC2212 and EC2218 proved slow going through the sticky clay, mud like, overlaying Brushy Basin which also resulted in a slower advancement of the drill program than expected. Due to consistent, unfavourable weather systems, the early onset of winter conditions and earlier than expected snowfall, planned drilling activities have been severely hampered at East Canyon project. Access to site and ground conditions for the exploration crew became difficult and consequently after consultation with the exploration team, the drilling equipment was demobilised. The current drill program has now been paused for the northern hemisphere winter months. Next Steps: Assays for Rare Earth Elements (REE) from previous holes drilled at None Such that showed elevated zones of Rare Earth Elements as recorded via a pXRF are still outstanding and are expected shortly (refer ASX announcement 13th October 2022 titled "pXRF/Probe Data supports visual uranium vanadium mineralisation and identifies rare earth potential"). Samples for Uranium, Vanadium and Rare Earths selected from the core drilling completed to date at the Bonanza Prospect have been prepared and sent to a certified laboratory for assays. Once all assay data has been received, collated and interpreted, the stratigraphic and geochemical information obtained from this initial drill program will be combined with regional mapping and surveys to identify structural controls of fluvial systems in order to vector towards potentially larger uranium and vanadium mineralised traps sites within the system and identify other priority targets at East Canyon. East Canyon Project Summary: The East Canyon uranium-vanadium project comprises 231 contiguous claims (~4,620 acres/18.7km2) prospective for uranium and vanadium in the Dry Valley/East Canyon mining district of south-eastern Utah, USA (the Claims). The Uravan Mineral Belt and surrounding Salt Wash ore producing districts of the Colorado Plateau, which hosts the Claims, has been an important source of uranium and vanadium in the US for more than 100 years, with historic production of more than 85 million pounds of uranium at an average grade of more than 0.13% UO and more than 440 million pounds of vanadium at an average grade of 1.25% VO. Announcement • Dec 07
Uvre Limited Announces Assays Confirm Uranium and Vanadium Mineralisation At None Such Prospect, At the East Canyon Uranium-Vanadium Project Uvre Limited reported results from the initial batch of geochemical assays received from recently drilled holes at the None Such prospect, at the East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA (East Canyon Project). As announced to ASX on 27th September 2022 five (5) out of the first eleven (11) holes drilled in the Company's maiden phase 1 drill program at the None Such prospect intersected visible uranium and vanadium mineralisation within the Saltwash Member. A coincident zone of elevated gamma radioactivity was also measured with a handheld scintillometer across the visually mineralised zones in the core of the five (5) holes. These zones of core were prepared and dispatched to a certified laboratory for geochemical analysis, with results for the uranium and vanadium content from the five holes now received. Significant Intercepts from assay data - None Such: ECDD35: 1.22m at 0.01% U3O8 from 36.88m to 38.10m, 1.53m at 0.66% V2O5 from 36.57 to 38.10m, (including 0.31m at 1.02% V2O5 from 37.18m); ECDD36: 2.14m at 0.23% V2O5 from 35.96m to 38.10m; ECDD41: 1.22m at 0.03% U3O8 from 35.05m to 36.27m, 1.83m at 0.20% V2O5 from 34.44m to 36.27m (including 0.31m at 0.58% V2O5 from 35.05m); ECDD42: 1.22m at 0.07% U3O8 from 32.92m to 34.14m (including 0.31m at 0.21% U3O8 from 33.83m); 1.52m @ 0.92% V2O5 from 32.92m to 34.44m (including 0.61m @ 1.89% V2O5 from 33.53m); ECDD46: 1.22m at 0.03% U3O8 from 34.29m to 35.51m; 1.68m at 0.22% V2O5 from 33.83 to 35.51m (including 0.91m at 1.23% V2O5 from 34.29m). All drill holes are vertical, with intercepts interpreted to represent true thickness. Uranium and vanadium bearing ore deposits in the East Canyon district are generally confined to the Salt Wash Member of the Jurassic-age Morrison Formation, however geologically pinches and swells with variable thickness and grade. Assays received thus far confirms that the mineralised Uranium and Vanadium system continues beyond historical workings at None Such at a shallow depth of less than 40m. Stratigraphic and geochemical information obtained from the initial drill program will be combined with regional mapping to vector towards potentially larger mineralised traps sites within the system. Assays for Rare Earth Elements (REE) from the holes drilled at None Such that showed elevated zones of Rare Earth Elements as recorded via a pXRF are still outstanding and are due in the coming weeks. The pXRF analyses indicates the presence of mineralisation but does not represent a formal qualitative assay by an independent laboratory. Results from pXRF analysis can vary significantly from laboratory assay. Inspection of the recovered core from Bonanza drilling to date by an onsite senior geologist is ongoing, with any visually mineralised zones, or zones that have elevated scintillometer or pXRF readings for uranium, vanadium or rare earths, are being prepared for laboratory analysis. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 14
Uvre Limited Announces Drilling Commencement At Bonanza Uranium-Vanadium Prospect Uvre Limited announced that drilling has commenced at the Bonanza Prospect at 100% owned East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA. The East Canyon project is highly prospective for uranium & vanadium, strategically located in close proximity to established mining operations and infrastructure. A diamond core and rotary drilling rig has commenced drilling at the Bonanza Prospect following an initial 11 holes drilled at the None Such Prospect where visible mineralisation was observed in diamond core and supported via hand held XRF (pXRF) readings and downhole gamma probe data. A newly identified potential forRare Earth Elements (REE) at the East Canyon Project was also recorded via pXRF data received from drill core as per ASX announcement 13 October 2022 ("Rare earths, uranium and vanadium in pXRF data"). Up to 25 drill holes are permitted at the Bonanza Prospect, however total number of holes drilled may be based upon results observed and obtained as drilling proceeds. The drill program is targeting shallow mineralisation, with average depth of holes to be ~50m, to follow up previous encouraging exploration work where samples were collected from within and around historical workings at both the None Such and Bonanza prospects, which assayed as high as 1.27% U3O8 and 9.21% V2O51. The drill program aims at testing extensions and the nature of the mineralisation observed within the underground workings, as well with testing interpreted mineralised trends at both prospects. Sampling will employ visual interpretations, hand-held Scintillometer measurements, as well as X-ray fluorescence (XRF) detectors to evaluate Uranium and other possible economic minerals content. Chemical analysis will be carried out on core samples by a certified assay laboratory for comparative analysis and quality assurance/quality control. Board Change • Oct 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 05
Uvre Limited, Annual General Meeting, Nov 04, 2022 Uvre Limited, Annual General Meeting, Nov 04, 2022, at 10:30 W. Australia Standard Time. Location: 945 Wellington Street West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider election of director Brett Mitchell; to consider approval of 7.1A mandate; and to consider appointment of auditor at first AGM. Announcement • Sep 27
Uvre Limited Announces Elevated Radioactivity and Visible Mineralisation Intersected At East Canyon Uranium-Vanadium Project Uvre Limited announced that it has intersected visible uranium and vanadium mineralisation, supported by elevated gamma radioactivity across zones within the Saltwash Member, in five out of the first eleven diamond holes drilled to date in its maiden phase 1 drill program at the 100% owned East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA (East Canyon Project).Diamond drilling commenced on site at the East Canyon Project in August 2022, with drilling initially beginning at the None Such prospect (None Such Prospect), and to be soon followed by drilling at the Bonanza prospect (Bonanza Prospect). To date eleven holes have been drilled at the None Such Prospect with five holes intersecting visible uranium/vanadium mineralisation and a coincident zone of elevated gamma radioactivity as measured with a handheld scintillometer. The East Canyon Project is highly prospective for uranium and vanadium and is strategically located in close proximity to established mining operations and infrastructure. The drill program was designed to test extensions and the nature of the high-gradeuranium and vanadium mineralisation observed and sampled within and around historical workings at the None Such and Bonanza Prospects, within the East Canyon Project area, as well as testing interpreted mineralised trends at both prospects. Drilling highlights to date:ECDD46Saltwash Member intersected at downhole depth of 28.44m. Visible uranium/vanadium mineralisation logged by site geologist in the Saltwash Member between 34.29m and 36.12m, and elevated gamma radiation from 34.54m to 35.46mapproximately 2.5 times background with a peak scintillometer reading of 1034cps (7times background gamma) at 34.7m. ECDD42: Saltwash Member intersected at down hole depth of 29.2m. Visible uranium/vanadium mineralisation logged between 33.5m and 34.1m with elevated gamma across this zone approximately 5 times background and maximum scintillometer reading of1342cps (8 times background gamma) at 34m. ECDD41: Saltwash Member was intersected at down hole depth of 31m. Weak visible uranium/vanadium mineralisation logged from 35.1m to 36.3m with elevated gamma measured at 1.7 times greater than background across this zone. Peak scintillometer reading was 370cps (2.6 times background gamma) at 35.2m.ECDD36Saltwash Member was intersected at down hole depth of 31.52m. Weak visible mineralisation was logged from 37.5m to 37.8m with elevated gamma radiation across this zone measured at 1.8 times greater than background, with a maximum scintillometer reading of 346cps (2.5 times greater than background) at 37.6m. ECDD35: Saltwash member was intersected at down hole depth of 31.16m. Weak visible uranium vanadium mineralisation was logged between 37.3m and 37.9m with eleveated gamma recorded across this zone measured at 1.5 times greater than background, with maximum scintillometer reading of 286cps (2 times greater than background) at 37.3m.All radioactivity reported was measured using a Radiation Solutions RS-230 hand held gamma scintillometer. Scintillometer results are qualitative only and should only be used as a tool for comparison of background gamma radiation versus anomalous gamma radiation. The scintillometer readings are not calibrated and should not be used to estimate grade. The scintillometer results are indicative only and subordinate to laboratory assays. Drilling Update: The Company notes that certain weather events around the southeast parts of Utah during August 2022 have caused unforeseen, significant delays at the East Canyon Project area since the commencement of drilling. Heavy monsoonal rainfall and flash flooding in nearby areas caused the drilling exploration team to be put on standby for extended periods of time to ensure the safety of all contactors and has contributed to the slow progress of drilling completed to date. The first two drillholes drilled, EC2230 and EC2235, were drilled from surface to end of hole using diamond core. However, after consultation with the drilling and exploration team, the Company considered that drilling through the sticky clay mud-like overlying Bushy Basin Member was slow going with recovery of core not satisfactory. The Company agreed with its drilling contractors to drill from surface to the top of the Salt Wash member using rotary tricone drill bit with a subsequent tailing diamond core from the top of the Salt Wash member to ~50m depth. This change in drilling method has sped up the time drilling per hole and should help reduce overall costs of the exploration program due to part use of a more economical drilling method. The Salt Wash Member is what typically hosts the uranium and vanadium deposits in the district and is the main target zone for drill testing of uranium and vanadium mineralisation in this program. Diamond core will still be recovered from this zone to end of hole. Next Steps: The eleven drill holes drilled to date have been logged and the first batch of samples are due to be dispatched this week to a certified lab for geochemical analysis to test for uranium and vanadium mineralisation. Assay results are expected within 4-6 weeks. Down hole wireline geophysics have been logged down ten of the holes drilled at None Such with results expected to be delivered imminently. Site works and preparation for drilling at the Bonanza Prospect has commenced and the Company expects to begin drilling at this prospect shortly. Drilling will pause at the None Such Prospect while the drill rig moves to the Bonanza Prospect and the Company awaits further data results to collate and determine other priority holes, anticipated to be drilled at the None Such Prospect, after a first round of drilling has occurred at the Bonanza Prospect. Phase 1 Drill Program Overview Up to 50 drill holes are permitted at the East Canyon Project and the program currently proposes 50 holes for a total of up to ~2,500m across two prospects, None Such and Bonanza, however total number of holes drilled may be based upon results observed and obtained as drilling proceeds. The drill program is targeting shallow mineralisation, with average depth of holes to be ~50m, to follow up previous encouraging exploration work where samples were collected from within and around historical workings at both prospects, which assayed as high as 1.27% U3O8 and 9.21% V2O5. Announcement • Aug 09
Uvre Limited Announces that the Maiden Phase 1 Drill Program Commences at the 100% Owned East Canyon Uranium-Vanadium Project, Located in South-Eastern Utah, USA Uvre Limited announced that the maiden Phase 1 drill program has commenced at the 100% owned East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA. The East Canyon project is highly prospective for uranium & vanadium, strategically located in close proximity to established mining operations and infrastructure. A diamond core drilling rig has commenced drilling on site at East Canyon, with drilling initially at the None Such prospect, to be followed by drilling at the Bonanza Prospect. Up to 50 drill holes are permitted at East Canyon and the program currently proposes 50 diamond core holes for a total of up to ~2,500m across two prospects, None Such and Bonanza, however total number of holes drilled may be based upon results observed and obtained as drilling proceeds. The drill program is targeting shallow mineralisation, with average depth of holes to be ~50m, to follow up previous encouraging exploration work where samples were collected from within and around historical workings at both prospects, which assayed as high as 1.27% U3O8 and 9.21% V2O5. The maiden Phase 1 drill program will be focussed at two prospects within the East Canyon claims, None Such and Bonanza, which are located in the northern part of the project area. These areas were identified as highly prospective during fieldwork carried out by previous project owners where historical workings were identified, and visible mineralisation was observed and sampled within the workings. Samples were taken from within and around the historical workings which returned high-grade assays of both uranium and vanadium as high as 1.27% U3O8 and 9.21% V2O5 respectively. Sampling will employ visual interpretations, hand-held Scintillometer measurements, as well as possible X-ray fluorescence (XRF) detectors to evaluate Uranium and other possible economic minerals content. Chemical analysis will be carried out on core samples by a certified assay laboratory for comparative analysis and quality assurance/quality control. Samples of uranium and vanadium mineralisation will be selected from the remaining core for possible preliminary bench scale metallurgical and mineralogical test work. This will serve to technically de-risk the project and provide scoping study pathways for mineral process design as part of Uvre's strategy for rapid project development. Announcement • Jul 13
Uvre Limited Provides Drilling Preparations and Activity Update Uvre Limited provided an update on activities relating to its 100% owned East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA. Following the recent successful listing and capital raising of $6 million, Uvre has been busy implementing plans to carry out its proposed upcoming exploration activities at East Canyon, which is located in close proximity to established mining operations and infrastructure. Preparation for the maiden, targeted Phase 1 diamond core drilling campaign is progressing well and on schedule to commence in late July/early August. A local drilling and exploration contractor, based out of the town of Moab which is located 50km north-west of the East Canyon Project area in Utah, has been engaged to manage the drill program at East Canyon. The Phase 1 fully permitted drill program at East Canyon is planned to consist of up to 50 holes with a focus on the None Such and Bonanza Prospects. Site works are to commence imminently. The None Such and Bonanza areas were previously identified as highly prospective for uranium and vanadium during fieldwork carried out by the previous owner at East Canyon, where extensive historical workings were identified, and visible uranium and vanadium mineralisation was observed within the workings. Samples taken from within and around the historical workings returned high grade assays of both uranium and vanadium as high as 0.47% U3O8 and 9.21% V2O5 respectively1. Other encouraging high grade assay results returned from underground chip channel sampling from within both None Such and Bonanza workings include1: 1m @ 1.27% U3O8 and 4.53% V2O5; 0.6m @ 0.69% U3O8 and 2.82% V2O5; 2m @ 0.52% U3O8 and 2.87% V2O5; 1m @ 0.38% U3O8 and 2.46% V2O5; 0.6m @ 0.34% U3O8 and 1.55% V2O5; 1m @ 0.22% U3O8 and 2.29% V2O5; This 50-hole drill program aims to test extensions and the nature of the mineralization observed in the workings, as well as testing the interpreted mineralised trends at the prospects. Up to 25 holes are planned to be drilled at each of the None Such and Bonanza prospects. The final number of holes drilled may vary based upon results obtained as drilling proceeds. The relative high density of diamond core holes is designed to establish disequilibriumratios, which quantify the degree to which the emitted gamma radiation from radioactive decay daughter products represents the actual uranium grade. This will be achieved through the comparison of down hole radiological and chemical analysis which should allow for cheaper rotary drill programs in the future with the use of down hole wireline probing. Sampling will employ on site hand-held X-ray fluorescence (XRF) detectors to evaluate Uranium content as well as Scintillometer /Geiger Counter measurements. Chemical analysis will be carried out by a certified assay laboratory for comparative analysis and quality assurance /quality control. The Company has been progressing the establishment of a US based technical, exploration and project generation team which will further assist with on-ground exploration activities and target generation, planned in conjunction with the maiden Phase 1 drill program at East Canyon over the coming period. Subsequent to its recent IPO the Company has taken the opportunity to compile available data for the East Canyon Project and complete an initial desktop review, which will further assist with the Company's future exploration efforts. East Canyon Project Summary: The East Canyon uranium-vanadium project comprises 231 contiguous claims (~4,620 acres/18.7km2) prospective for uranium and vanadium in the Dry Valley/East Canyon mining district of south-eastern Utah, USA (the Claims). The Uravan Mineral Belt and surrounding Salt Wash ore producing districts of the Colorado Plateau, which hosts the Claims, has been an important source of uranium and vanadium in the US for more than 100 years, with historic production of more than 85 million pounds of uranium at an average grade of more than 0.13% UO and more than 440 million pounds of vanadium at an average grade of 1.25% VO. The district hosts several significant uranium-vanadium operations including TSX- listed Energy Fuels Inc.'s La Sal Complex mines and development projects, International Consolidated Uranium's Rim/Columbus and Sage Plains project which was subject to a recent acquisition and strategic alliance with Energy Fuels, and Velvet-Wood, owned by TSX-V-listed company Anfield Resources. Energy Fuels' White Mesa Mill, the only fully licensed and operating conventional uranium-vanadium mill in the US, is located 50km from the East Canyon Project along major highway 191. Announcement • Jun 09
Uvre Limited Appoints Brett Mitchell as Director Uvre Limited announced appointment of Brett Mitchell as director. Date of appointment is 30 May 2022. Announcement • Jun 03
Uvre Limited has completed an IPO in the amount of AUD 6 million. Uvre Limited has completed an IPO in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012