18:08:19 EDT Tue 22 Sep 2026
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Radiant Uranium Corp
Symbol RUC
Shares Issued 41,216,666
Close 2026-09-22 C$ 0.135
Market Cap C$ 5,564,250
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Radium Uranium acquires Cross Lake property

2026-09-22 17:24 ET - News Release

Mr. Clive Massey reports

RADIANT URANIUM ACQUIRES INITIAL 371 THOUSAND LBS OF URANIUM AT CROSS LAKE PROPERTY

Radium Uranium Corp. has acquired the 2,048-hectare Cross Lake uranium property, southwest of the Key Lake mine, located in Athabasca basin, Saskatchewan, Canada.

Cross Lake uranium mineralization is associated with pegmatitic garnetiferous gneiss along a 2.4-kilometre (km) northeast-trending structural lineament, with mineralized zones identified at the Narrows, Portage and Cross uranium showings. Historical work at the Narrows zone outlined mineralization over a true width of approximately 11 to 15.8 metres, with drilling testing the zone to a depth of about 75 metres. This work resulted in a 1979 historical estimate of 371,038 pounds (lb) U3O8 at an average grade of 1.2435 lb per tonne to a depth of 75 metres (m).

Clive Massey, chief executive officer, president and director of Radiant Uranium, commented: "The acquisition of the Cross Lake uranium project marks a significant advancement as the company moves ever closer to being a producer of uranium. The project presently contains an estimated 371,038 lb of U3O8 and is open to depth." Mr. Massey commented further: "The company remains committed to advancing its projects responsibly, with a focus on environmental stewardship, strong community engagement, including partnerships with indigenous groups, and sustainable development practices."

These estimates were disclosed in "Bralorne Resources Limited, 1979 Winter Drilling of the Narrows Zone ML 5255 (Formerly CBS 1074), Foster River Area, Saskatchewan," by Rene Bissonnette and dated May 12, 1979.

The estimate is relevant as it attests to the potential of the Cross Lake property and reliable as it was completed by geologists trained to the standards of the day. The historical estimate author noted that although the drilling was not detailed enough to prove the structure nor to estimate proven reserves, possible reserves based on the grades and thicknesses of the mineralized intersections from the drill holes and the interpreted structure have been conservatively estimated. Each drill intersection is lettered, with a block shown for the better intersections. The dimensions of each block are based on the following parameters: (1) true thickness of the mineralized zone (width): core length of the mineralized section corrected for the dip of the layer and the inclination of the drill hole; (2) length of the mineralized zone (length): one-half the distance between each mineralized intersection on the 50 m plan and five m beyond the last significant mineralized intersection in the zone. As the bottom of the deepest intersection of the best mineralized zone is in drill hole 41-3 at a vertical depth of 71 m, 330,000 tonnes corresponding with a vertical depth of 75 m appear reasonable. The historical estimate would be comparable with an inferred resource. The company is not aware of a more recent historical estimate, though a small drill program in 2008 by Uracan Resources Ltd. did confirm the presence of uranium in the area of the historical estimate. Twinning of a number of holes and infill drilling would be required to move the historical estimate to a current mineral resource.

Radiant Uranium cautions investors a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and further cautions Radiant Uranium is not treating the historical estimate as current mineral resources or mineral reserves.

Agreement terms

Radiant Uranium can obtain a 100-per-cent interest, subject to a 1-per-cent net smelter return (NSR) royalty from an arm's-length optionor, Bromell Mining LLP, of Luton in the United Kingdom, by meeting the following terms:

  1. Paying an aggregate of $200,000 to the optionor as follows:
    1. $20,000 upon Canadian Securities Exchange approval of the agreement;
    2. $40,000 on or before the first anniversary of the agreement;
    3. $140,000 on or before the third anniversary of the signing of the agreement;
  2. Issuing to the optionor four million common shares upon CSE approval;
  3. Incurring $250,000 in exploration expenditures on or before the third anniversary of CSE approval of the agreement.

Qualified person

The technical information in this news release has been reviewed and approved by Tim Henneberry, PGeo, a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, who is a consultant to the company.

About Radiant Uranium Corp.

Radiant Uranium is a Canadian mineral exploration company focused on uranium assets that support the global transition to reliable, clean energy. The company's flagship project, the Key Lake Road uranium project, is located within Saskatchewan's prolific Athabasca basin -- one of the world's premier uranium districts. Radiant Uranium is committed to responsible exploration, detailed technical work and value creation for shareholders through disciplined capital allocation and market engagement.

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