Cross Bones

Uranium project formed by combining the former Red Wash interest (acquired in the March 2025 Shift Rare Metals reverse takeover) and the Skull Creek interest (acquired in the October 2025 Hightest transaction) into one continuous block in northwestern Colorado, immediately east of Dinosaur and about 127 km southwest of Craig, Moffat County. The project comprises two Colorado state leases and 699 mineral claims over 15,313 acres on federal BLM lands within the Piceance Basin, hosted in Mesaverde Group sandstones and the Sego Sandstone, and overlies the Cross Bones Uranium Deposit (formerly Skull Creek). A 2% NSR royalty is held by Hightest, reduced to 1.5% on state exploration permit lands and buyable down to 1% for US$1.5 million. A Phase 1 program (mapping and a 572.4 line-km UAV magnetic survey, June 2025) was completed, additional historical datasets (BlueRock 2006, Ashland 1978) were acquired, and permitting is underway with the BLM and Colorado DRMS toward a 2026 drill program.