URZ3 Energy Launches Exploration at Wyoming's Dry Fork Uranium Project

URZ3 Energy Corp. has commenced an exploration program at its Dry Fork Uranium Project located in Wyoming's Powder River Basin, a region recognized as one of the most significant uranium-producing areas in the United States. The project is strategically situated approximately 10 kilometers from the Nichols Ranch Uranium Project, positioning it within a proven uranium district. The exploration initiative is designed to evaluate the property's potential for in-situ recovery uranium and establish priority zones for subsequent exploration drilling activities.

The initial phase of the program will concentrate on identifying areas with uranium-bearing groundwater, which could indicate subsurface zones containing ISR-compatible uranium mineralization. Field teams will focus on sampling around known water springs to detect anomalous uranium concentrations. A subsequent phase will employ hand-held spectrometers to systematically survey the property, locating additional springs and surface seeps that may carry uranium and have formed concentrated surface zones. This spectrometer survey will be conducted over a systematic ground grid to refine exploration targets and inform future drilling plans.

Mark Kolebaba, President and CEO of URZ3 Energy Corp., emphasized the strategic importance of the Dry Fork program, stating that by prioritizing hydrogeological indicators, the company is implementing a cost-effective and scientific approach to identifying drill targets with ISR uranium potential. He noted that Dry Fork represents the first of what is expected to become a portfolio of properties in Wyoming and the southwestern United States, where renewed momentum is driven by U.S. governmental incentives and streamlined pathways for uranium exploration and production.

The exploration program aligns with broader federal initiatives supporting domestic uranium production. In a September 15th interview with Bloomberg, U.S. Secretary of Energy Christopher Wright highlighted the necessity of strengthening the U.S. strategic uranium reserve to reduce foreign supply dependence and support nuclear energy expansion. The Strategic Uranium Reserve program, established in 2020, has already resulted in U.S. government purchases of one million pounds of U₃O₈ at prices exceeding market levels, demonstrating federal commitment to domestic supply security. More recently, on August 22, 2025, the Department of Energy announced the formation of a Defense Production Act Consortium aimed at expanding domestic fuel availability, enhancing power reliability, and accelerating progress toward nuclear energy independence. Additional information about federal energy initiatives can be found at https://www.energy.gov.

Jim Ebisch, a professional geologist, will serve as the Qualified Person under National Instrument 43-101, responsible for reviewing project data. The exploration at Dry Fork represents a significant step in URZ3 Energy's strategy to discover and develop ISR-amenable uranium resources that can contribute to meeting the growing demand for clean, carbon-free nuclear energy in the United States.