Eastern Athabasca Basin. Every major operator has ground here. The same geological structures that host the world's highest-grade uranium deposits run through this corridor.
IsoEnergy's Hurricane Deposit - 48.61 million pounds at 34.5% U3O8. Nothing else on Earth compares to this grade.
Adjacent property results are for geological context only and are not indicative of mineralization on UraniumX's properties.
Cosa Resources hit 5.0 metres of anomalous radioactivity up to 13,900 CPS at their Murphy Lake North joint venture with Denison Mines. Drill hole MLN26-013. The basement is open in all directions.
Adjacent property results are for geological context only and are not indicative of mineralization on UraniumX's properties.
Cameco's La Rocque Zone - 29.9% U3O8 over 7.0m in drill hole Q22-040. 4 km south. The same geological structure that hosts Hurricane extends through this corridor.
Adjacent property results are for geological context only and are not indicative of mineralization on UraniumX's properties.
609 hectares. Sitting between Hurricane, La Rocque, and Murphy Lake North. The Larocque Lake conductor trend runs directly through our claims.
ML22-006 returned 0.065% U3O8 over 2.5m at the unconformity. ML22-012 hit anomalous uranium 1.4 km north. Two separate mineralized intercepts along the conductor corridor - the system has strike extent.
No mineral resources have been defined on the property. Exploration results are preliminary.
EarthEx Geophysical Solutions refining conductor geometry between two known corridors. Spring 2026 drill program funded. Collar locations being finalized.
Murphy Lake
Property Overview
Murphy Lake is UraniumX's flagship property, located in the northeast Athabasca Basin - the most active uranium exploration district in the world. The property covers 609 hectares and is being explored under an option agreement with F4 Uranium Corp, through which UraniumX can earn up to 70% interest.
Location & Access
The property is situated in a prolific uranium corridor:
- 30 km northwest of Orano's McLean Lake deposits and operating mill
- ~5 km south of IsoEnergy's Hurricane deposit (Hurricane is north of Murphy Lake), one of the highest-grade uranium discoveries in history (48.5 Mlb indicated at 34.5% U3O8)
- 4 km from Cameco's La Rocque Zone
Historical Exploration & Drill Results
F4 Uranium Corp's 2022 diamond drill program comprised 14 drill holes totalling 6,850 metres, testing multiple targets along the Murphy Lake conductor corridor. Key results include:
- ML22-006: 0.065% U3O8 over 2.5m (322.5 - 324.5m depth), including 0.242% U3O8 over 0.5m, within a 4.2m wide deformation zone at the unconformity contact
- ML22-012: anomalous uranium of 56 ppm U over 0.5m in sandstone above the unconformity, located 1.4 km north of ML22-006 - suggests the mineralizing system has strike extent along the conductor corridor
Key geological context: Intense hematite and limonite alteration observed in overlying sandstone, with graphitic shear zones in the basement - consistent with the unconformity-hosted uranium deposit model that characterizes the Athabasca Basin's major deposits.
Multiple conductors have been identified through airborne and ground geophysical surveys, with favorable basement geology featuring graphitic pelitic gneiss - the primary host rock for unconformity-type uranium deposits.
Current Activity (March 2026)
- 9.2 line-km MLEM Ground Survey (underway): Moving Loop Electromagnetic survey being conducted by EarthEx Geophysical Solutions, with 4 survey lines designed to tighten spacing between two conductor corridors and refine drill targets
- Spring 2026 Drill Program (planned): Diamond drilling campaign targeting high-priority conductors - collar locations being finalized from MLEM results
- Fully funded by UraniumX under the option agreement with F4 Uranium Corp
Financing
The $1.5M flow-through financing is directed toward Murphy Lake and Zoo Bay exploration programs, ensuring both properties are fully funded through the Spring 2026 field season.
Technical Report
The property is covered by an NI 43-101 technical report prepared by Terra Modelling Services (Louis F. Fourie, P.Geo.), available on SEDAR+.
Exploring Alongside the Majors
Companies with active claims within 10 km of Murphy Lake
Hurricane Deposit
~5 km N
La Rocque Zone
~4 km S
McClean Lake Mill
~30 km SE
JV with Cosa (MLN)
~3 km E
MLN26-013 result
~3 km E
District-scale explorer
Adjacent
Logos shown for identification only. No partnership or endorsement is implied. Mineralization on adjacent properties is not indicative of mineralization on UraniumX's properties.
Neighboring Deposits
| Deposit | Operator | Distance | Note |
|---|---|---|---|
| Hurricane (IsoEnergy) | IsoEnergy Ltd. | ~5 km N | 48.5 Mlb indicated at 34.5% U3O8 |
| Murphy Lake North (Cosa/Denison JV) | Cosa Resources / Denison Mines | ~3 km E | MLN26-013: 5.0m anomalous radioactivity >1,000 CPS incl. 2.5m >5,000 CPS (peak 13,900 CPS) - March 2026 |
| McLean Lake (Orano) | Orano Canada | 30 km SE | Operating deposits |
| La Rocque Zone (Cameco) | Cameco Corp. | ~4 km S | High-grade discovery |
References to adjacent properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.
Related News
Ground Geophysics Underway at Murphy Lake
UraniumX provides an update on the 9.2 line-km MLEM ground geophysical survey at Murphy Lake, with EarthEx Geophysical Solutions conducting 4 survey lines to tighten spacing between two conductor corridors ahead of the Spring 2026 drill program.
Read Full Release →UraniumX Commences 9.2 Line-Kilometre Ground Geophysical Survey at Murphy Lake
UraniumX initiates a Moving Loop Electromagnetic (MLEM) ground survey at the Murphy Lake flagship property, targeting conductive structures associated with uranium mineralization.
Read Full Release →Stearman Resources Enters Option Agreement for Murphy Lake Uranium Property
Stearman Resources (now UraniumX) enters an option agreement with F4 Uranium Corp to earn up to 70% of the Murphy Lake property in the northeast Athabasca Basin, located near IsoEnergy's Hurricane deposit.
Read Full Release →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.
Forward-Looking Statements: This page contains forward-looking information regarding the Company's plans for exploration activities, including references to planned drill programs, surveys, and exploration timelines. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially.