STEARMAN COMPLETES ACQUISITION OF ZOO BAY URANIUM PROPERTY
VANCOUVER, BRITISH COLUMBIA – September 12, 2025 – Stearman Resources Inc. (CSE:STMN) announces that it has completed the acquisition of 100% of 1477571 BC Ltd., a private company that owns the Zoo Bay Uranium Property. The Property consists of 15 mineral claims covering 19,850 hectares, located in the Athabasca Basin in northern Saskatchewan.
Transaction Details
Stearman issued 7,500,000 common shares at a deemed price of $0.085 per share in exchange for all issued and outstanding common shares of 1477571. All securities issued are subject to a four-month hold period as required under applicable securities legislation.
Property Location and Geology
The Zoo Bay Property straddles the mapped erosional edge of the Athabasca Basin, a sequence of sandstone sediments covering almost 100,000 square kilometres with depths varying up to 1,000 metres and more. Uranium ore is typically found at the base of the sandstone where it meets Archean basement rocks. The Property overlies shallow sandstone cover which is highly favourable for uranium exploration.
Strategic Position
The Zoo Bay Property is strategically positioned within an active exploration area. Following the staking of the Zoo Bay Property in 2024:
- Orano Canada Inc. acquired a large block of mineral claims bounding the north and east borders of the Property
- CanAlaska Uranium Ltd. recently staked 30 claims on the east and south sides, holding approximately 300,000 hectares in the eastern Athabasca Basin
- Atha Energy Corp. holds a large land position on the northwest side of the Zoo Bay Property
Orano has significantly stepped up exploration efforts in the past year, reflecting the improvement in the uranium market.
About Stearman
Stearman Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. The Company currently owns a 100% interest in the NeoCore Uranium Property consisting of 6 mineral claims covering 13,012 hectares in the Athabasca Basin, and holds an option for up to a 70% interest in the Murphy Lake uranium property, comprising 609 hectares also in the Athabasca Basin in northern Saskatchewan.
Contact:
Howard Milne, CEO
Email: hdmcap@shaw.ca
Telephone: (604) 377-8994
Website: www.stearmanresources.com
Mineral Resource Cautionary: The Company has not defined any mineral resources or mineral reserves on any of its properties. There is no guarantee that exploration will result in the discovery of an economic mineral deposit.
Adjacent Properties: References to mineralization, deposits, mines, and resources on adjacent or nearby properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.