Mr. Brooke Clements reports
NORTH SHORE APPOINTS EXPERIENCED MINING EXECUTIVE TO THE BOARD
North Shore Uranium Ltd. has appointed Blake Steele to the board of directors. In addition, James Arthur has retired from the board of directors.
Brooke Clements, president and chief executive officer of North Shore, stated: "With his proven track record of building and selling a successful in situ recovery (ISR) focused uranium company in the United States of America, Mr. Steele is a valuable addition to the North Shore board. He is well positioned to play a key role in our financing efforts, utilizing his strong relationships with investment banks, research analysts, and institutional and retail investors, and to help the company advance its Rio Puerco uranium project in New Mexico. Additionally, I would like to personally thank Mr. James Arthur for his many contributions to the company's growth as a director who has been with North Shore from the beginning. "
Mr. Steele is an experienced metals and mining executive and director who brings strong business acumen and a wealth of experience in capital markets and mineral resources across major international jurisdictions, including North America, Asia and Australia. He has more than a decade of experience in the uranium sector.
In his past role as president and CEO of Azarga Uranium Corp., Mr. Steele demonstrated exceptional leadership and strategic vision, orchestrating key mergers and acquisitions and significant capital growth. Azarga Uranium was acquired by EnCore Energy Corp. for approximately $200-million in 2022.
Mr. Steele holds a bachelor of commerce from the University of British Columbia and is a member of the Canadian Institute of Chartered Accountants and the Canadian Institute of Chartered Business Valuators.
Mr. Arthur has agreed to act as an adviser to North Shore. The company would like to thank him for his contributions as a director and appreciates his willingness to continue as an adviser.
About North Shore Uranium Ltd.
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 (carbon dioxide) emission reduction goals and the needs of new power-intensive technologies such as AI (artificial intelligence). In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions such as Saskatchewan and New Mexico. North Shore is well positioned to become a major force in exploration for economic uranium deposits. The company is working to achieve this goal by exploring Rio Puerco in the Grants uranium district of New Mexico and its Falcon and West Bear properties at the eastern margin of the Athabasca basin in Saskatchewan. In addition, the company continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of uranium properties.
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