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). New Risk • Apr 30
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 Canadian 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 Less than 1 year of cash runway based on free cash flow trend (-CA$12m free cash flow). 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 (CA$33.5m market cap, or US$24.7m). Announcement • Apr 21
Homeland Uranium Corp., Annual General Meeting, Jun 29, 2026 Homeland Uranium Corp., Annual General Meeting, Jun 29, 2026. New Risk • Apr 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$8.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$8.2m free cash flow). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$38.0m market cap, or US$27.4m). Announcement • Jan 22
Homeland Uranium Corp. Expands Drilling to Central Area of Coyote Basin Uranium System Homeland Uranium Corp. provided a fourth update on the Phase II exploration drilling program at the 100% owned Coyote Basin Uranium Project. Phase II drilling has advanced with the completion of an additional five Reverse Circulation ("RC") drillholes, CB-RC-0043 to CB-RC-0047. A total of approximately 3,777 metres (12,392 feet) of the planned 5,300 metres (17,388 feet) has now been completed, representing approximately 71% of the Phase II drilling program. Drillholes CB-RC-00 43 to CB-RC-0045 were completed in the southern portion of the Project area. This drilling continues the systematic step-out strategy designed to evaluate the lateral and southern extent of anomalous radioactivity across the Project area. Downhole probe results from this fence continue to demonstrate a laterally continuous horizon of elevated radioactivity extending approximately 1,000 metres (3,280 feet) east-west by 600 metres (1,968 feet) north-south, and remains open to further expansion to the south and east. Elevated radioactivity typically occurs at relatively shallow depths, generally between approximately 50 and 100 metres (164-328 feet) below surface. A potential second zone of elevated radioactivity was observed below approximately 220 metres (722 feet) in drillhole CB-0023 and remains open for follow-up during future drilling programs. Drilling has now shifted to the central portion of the Project with drillholes CB-RC-0046 and CB-RC-0047, which comprise part of a planned northeast-southwest oriented drill fence designed to evaluate the area of the historical WMR resource and to follow up on reported mineralization, including 0.826% UO intersected in historical drillhole CB-101 (private internal report, Western Mining, Executive Summary, Coyote Basin Uranium District, Rio Blanco and Moffat Counties, State of Colorado, January, 1980). Initial downhole probe results from this area indicate a continuous (between drillholes) near-surface interval of elevated radioactivity extending from surface to approximately 50 metres (164 feet) depth and associated with the same rock types identified in the 2025 drilling program. As the program progresses, its objective remains to systematically expand the footprint of this anomalous horizon while advancing geochemical analysis to better characterize the uranium mineralization. Geochemical samples collected from the completed drillholes have been shipped to SGS Laboratories in Lakefield, Ontario, for analysis. Homeland will report geochemical and assay results once they have been received, compiled, and reviewed by the Company. Quality Assurance/Quality Control. Uranium disequilibrium has been documented to occur at the nearby former producing Maybelle Uranium Mine, located approximately 29 km (18 miles) northeast of the Coyote Basin Project. As a first step in determining the accuracy of QL40 SGR Spectral Gamma Ray downhole probe and determining whether uranium disequilibrium may occur at Coyote Basin, Homeland's geological team used a portable hand-held XRF (SciAps X-555 REE Analyzer) to test drill cuttings for the presence of uranium. enough discrepancies have occurred when comparing the results of the Spectral Gamma Ray down hole probe and the XRF that additional geochemical and assay sampling will be required before uranium grades can be accurately determined. The Company is not treating the Coyote Basin historical resource estimate as current mineral resources and the reader is cautioned not to rely on either of these estimates. Announcement • Jan 08
Homeland Uranium Corp. Provides Third Update on the Phase II Exploration Drilling Program at the 100% Owned Coyote Basin Uranium Project Homeland Uranium Corp. provided a third update on the Phase II exploration drilling program at the 100% owned Coyote Basin Uranium Project. An additional eight Reverse Circulation (RC) drillholes, CB-RC-0035 to CB-RC-0042, have been completed as part of the ongoing Phase II drill program. Based on drilling completed to date, elevated radioactivity has now been confirmed over an area measuring approximately 1,000 m (3,280 ft) by 600 m (1,968 ft) and remains open for expansion. Approximately 3,400 m (11,155 ft) of the planned 5,300 m (17,388 ft) of the Phase II drilling program have been completed to date, representing roughly 64% of the total planned drilling. Drillholes CB-RC-0035 To CB-RC-0040 were completed on a single east-west oriented drill fence located approximately 200 m (656 ft) south of the previously reported drilling, continuing the systematic step-out approach designed to evaluate the lateral extent of anomalous radioactivity across the Project area. Downhole Spectral Gamma Ray Counts Per Second readings from these most recent drillholes continue to demonstrate the presence of elevated radioactivity occurring at relatively shallow depths, typically between approximately 50 and 100 m (164-328 ft) below surface. This suggests that the anomalous horizon persists toward the southern extent of the currently tested area and supports the interpretation of a laterally extensive anomalous horizon. Geochemical samples collected from the completed drillholes have been shipped to SGS Laboratories in Lakefield, Ontario, for analysis. Homeland will report geochemical and assay results once they have been received, compiled, and reviewed by the Company. It is not uncommon for uranium mineralization within sandstone-hosted uranium deposits to be in disequilibrium with the daughter products of the radioactive decay series. Uranium disequilibrium has been documented to occur at the nearby former producing Maybelle Uranium Mine, located approximately 29 km (18 miles) northeast of the Coyote Basin Project. As a first step in determining the accuracy of QL40 SGR Spectral Gamma Ray downhole probe and determining whether uranium disequilibrium may occur at Coyote Basin, Homeland's geological team used a portable hand-held XRF (SciAps X-555 REE Analyzer) to test drill cuttings for the presence of uranium.Enough discrepancies have occurred when comparing the results of the Spectral Gamma Ray downhole investigate and the XRF that additional geochemical and assay sampling will be required before uranium grades can be accurately determined. The Coyote Basin Project is reported by Energy Metals Corporation in its quarterly Management Discussion and Analysis dated September 30, 2006 filed with the Securities and Exchange Commission ("SEC") to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8 and 0.10% V2O5 totaling 35.4 million pounds of U3O8 and 17.7 million pounds of V205. This resource was calculated by the previous project operator, Western Mining Resources, based on a 1978-79 program of surface sampling, coring, drill hole chip sampling and gamma logging of 24 widely spaced holes (private internal report, Western Mining, Executive Summary, Coyote Basin Uranium District, Rio Blanco and Moffat Counties, State of Colorado, January, 1980). The Company is not treating the Coyote Basin historical resource estimate as current mineral resources and the reader is cautioned not to rely on either of the current mineral resources and the reader are cautioned to rely on either of the mineral resources. New Risk • Aug 18
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 Canadian 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 Risk Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$35.7m market cap, or US$25.8m). Announcement • Jul 11
Homeland Uranium Corp. Through Its Wholly Owned Subsidiary Shift Exploration Inc. Files Notice of Intent with BLM to Conduct Drilling and Trenching on the Coyote Basin Uranium Project Homeland Uranium Corp. announced that it has filed a Notice of Intent (NOI), through its wholly owned subsidiary Shift Exploration Inc., with the US Bureau of Land Management (BLM) and the Colorado Division of Reclamation, Mining and Safety (DRMS) to commence a 36-hole, 6,000 m/19,685 ft rotary drill program at the Coyote Basin Uranium Project in Moffat and Rio Blanco Counties in northwestern Colorado. This program will be the Company's inaugural drill campaign on the Coyote Basin Property and forms the first part of the Phase II 2025 exploration campaign. The objective of the drill program is to confirm the presence of uranium mineralization discovered by previous operators during the 1970s and determine the location of higher- grade zones within the known mineralized horizons. Part One of the Phase II exploration program is focused on bringing the historical uranium and vanadium resources to compliance with National Instrument 43-101. As part of the activities requested under the NOI, Homeland will also be planning to excavate three trenches to further verify the apparent width extent of the mineralized lenses. Each trench is located to expose the geology over parts of Horizons 1- 3 where Phase 1 mapping and prospecting discovered anomalous radioactivity in outcrop up to eight times background levels (400 cps) using a CT007-M microR Meter. The reader is cautioned that scintillometer readings are not a substitute for laboratory analysis and should not be considered as a measure of uranium concentration. The trench locations also coincide with historically identified anomalous uranium concentrations in outcrop ranging up to 0.146% U3O8 (from W.M.R. internal report, Executive Summary, Coyote Basin Uranium District, Moffat and Rio Blanco Counties, State of Colorado, 1980). Neither the Company nor the Qualified Person can validate the accuracy of the historical outcrop sampling as detailed location information was not disclosed in the historical geological reports acquired by Homeland. Axiom Exploration Group, the Company's consultant on the Phase I Exploration Mapping Program, has been able to confirm the presence and physical location of the exposed radioactive stratigraphic horizons discovered in the 1970s. The horizons are variably anomalous, confirmed roughly parallel and verified continuous almost over the entire north-south length of the property. The horizons remain untested by drilling over the majority of their strike length. Announcement • May 31
Homeland Uranium Corp. Commences Phase 1 Program At Coyote Basin and Red Wash Uranium Projects in Colorado Homeland Uranium Corp. announced that field crews have mobilized to the Company's Coyote Basin and Red Wash uranium projects in northwestern Colorado to commence the Phase 1 exploration program. The Phase 1 exploration program consists of 1:20,000 scale geological mapping, prospecting, rock sampling and a 1,545 line km (960 line-mile) UAV airborne magnetic survey. The Company has contracted the Axiom Exploration Group ("Axiom") to provide the technical personnel required to conduct the program. The objective of the Phase 1 program at Coyote Basin is to confirm the location of the known mineralized horizons in advance of the anticipated Phase 2 fall exploration program, which is planned to conduct confirmatory drilling designed to convert historical resources into a resource estimate consistent with NI 43-101 requirements. While the Company has acquired historical drilling data for the project, the location of historical drill holes and rock samples are not sufficiently accurate to commence the Phase 2 program without prior confirmation in the field. The objectives of the Phase 1 program at the Red Wash Project is to identify potential areas for follow-up exploration and to evaluate the uranium potential of the Urangesellschaft Uranium Showing. Historical work identified a uranium anomaly hosted in sandstone rocks that returned 350 ppm U3O8 that remains untested by drilling. On May 23, 2025, the White House issued several Executive Orders relating to nuclear energy with the aim of strengthening the domestic nuclear fuel cycle, streamlining environmental reviews, reforming the Nuclear Energy Commission, deploying advanced nuclear reactor technologies, and more. Announcement • Aug 21
Shift Rare Metals, Inc. entered into a definitive agreement to acquire Valleyview Resources Ltd. (TSXV:VVR) for $4.3 million in a reverse merger transaction. Shift Rare Metals, Inc. entered into a definitive agreement to acquire Valleyview Resources Ltd. (TSXV:VVR) for $4.3 million in a reverse merger transaction on August 16, 2024. The purchase price involves 11 million of post-split shares and a cash payment of $0.25 million. Approximately 11.2 million of shares and $1.9 million of cash payment will be paid as part of the contingent payment. The transaction is subject to the TSX venture approval and Split's shareholders approval and completion by Valleyview of a financing of Post-Split Common Shares. 
