Coyote Basin

Flagship uranium-vanadium project located approximately 40 km east of Rangely in Moffat and Rio Blanco Counties, northwestern Colorado, comprising three Colorado state leases and 839 mineral claims over 18,656.5 acres on federal BLM lands within the Piceance Basin of the Colorado Plateau. Uranium-vanadium mineralization is hosted across four stratigraphic horizons in Fort Union and Wasatch Formation sandstones. Acquired via the March 2025 reverse takeover of Shift Rare Metals. A 1980 Western Mining Resources estimate of 8.85 million tons at 0.20% U3O8 and 0.1% V2O5 (35.4 Mlb U3O8, 17.2 Mlb V2O5) is treated as a historical, non-NI 43-101-compliant estimate and is not relied upon. A Phase 1 program (mapping and a 741 line-km UAV magnetic survey, June 2025) and a Phase 2 program (33 reverse-circulation holes, 17,792 ft, December 2025-February 2026) confirmed continuous anomalous radioactivity in Southern and Central areas, with assays pending.