Global Uranium Pivots, Exiting JV for High-Potential Prospects

CALGARY, Alberta – December 09, 2025 – In a decisive move signaling a significant strategic pivot, Global Uranium Corp. announced today it has terminated its option agreement for the Northwest Athabasca (NWA) uranium project. The decision extricates the junior explorer from a complex joint venture and allows it to redirect capital and technical resources toward two assets its management believes hold superior near-term potential: the Airline #2 property in Wyoming and the Astro Project in Saskatchewan’s prolific Eastern Athabasca Basin.

For a development-stage company, where and how capital is deployed is the ultimate test of strategy. Global Uranium’s announcement is a clear declaration that focus, rather than diversification, is its chosen path to value creation. By exiting the NWA project, the company is making a calculated bet that concentrating its efforts on more promising, streamlined projects will accelerate its journey from exploration-stage hopeful to a potential discovery leader.

A Costly But Calculated Exit

Walking away from the NWA project is no small decision. The asset, operated by Forum Energy Metals (now part of the newly formed Geiger Energy Corporation), is located in a historically significant uranium district. It contains the Maurice Bay deposit, which boasts a historical, non-compliant resource of 1.5 million pounds of U3O8, and is part of a joint venture that includes industry heavyweights like NexGen Energy, Cameco, and Orano Canada.

Under the option agreement inked in May 2024, Global Uranium had a path to earn up to a 75% interest in Forum’s stake by funding between $8.65 million and $20 million in exploration over several years. The firm commitment for 2025 alone was $3 million. The termination of this agreement triggers a mandatory payment of up to that committed amount to Forum, representing a significant cash outlay for an explorer with a market capitalization under C$10 million.

However, this exit cost appears to be viewed by management as an investment in a more agile and targeted future. The NWA project, despite its geological merit and past discoveries, involved navigating a multi-partner joint venture with established operational protocols. By stepping away, Global Uranium frees itself not only from substantial future financial commitments but also from the operational complexities of a shared asset, gaining full control over the pace and direction of its exploration programs on its prioritized projects.

Chasing Anomalies in Wyoming's Uranium Belt

The first beneficiary of this strategic reallocation is the company’s portfolio in Wyoming, specifically the Airline #2 property in the Wind River Basin. This region is known for a different style of mineralization than the Athabasca Basin—sandstone-hosted roll-front deposits, which have been a historical backbone of U.S. uranium production. This focus provides geological diversification away from the company's Canadian assets.

Global Uranium’s decision is underpinned by fresh data. A recently completed radiometric survey over the Airline #2 property successfully identified several key uranium anomalies. This was followed by a geological mapping program that confirmed the presence of the highly prospective Tertiary Wagon Bed Formation, a geological environment conducive to forming roll-front deposits. The company also expanded its land position at the project in November, signaling high confidence in the area's potential.

The company’s next steps involve integrating these new survey results with a wealth of historical exploration data to delineate high-priority targets for ground follow-up and, ultimately, drilling. This methodical approach, now bolstered with newly available capital, represents a clear and direct path toward testing a commercialization thesis in a jurisdiction with a long history of uranium mining.

Targeting a Giant in the Athabasca's Shadow

While Wyoming offers a distinct opportunity, Global Uranium is simultaneously doubling down in the world’s premier uranium jurisdiction: Saskatchewan’s Athabasca Basin. The Astro Project, held under an option agreement with Cosa Resources Corp., is now a core focus. Its location is strategically exceptional, situated just 28 kilometers from Cameco's McArthur River, the world's largest high-grade uranium mine, and 10 kilometers from a recent discovery by CanAlaska Uranium.

The company is not just buying proximity; it is actively proving up the project's potential. A recently completed, 1,480-line-kilometer ZTEM airborne geophysical survey, funded entirely by Global Uranium, has revealed a massive, ~25-kilometer-long conductive corridor. In the Athabasca Basin, such conductive features are often associated with the graphitic basement structures that host high-grade unconformity-style uranium deposits. This finding provides a district-scale target with significant upside potential.

Unlike the shallower historical deposit at the NWA project, targets at Astro are deep, with the unconformity estimated at 850 to 975 meters. Pursuing such deep targets is capital-intensive but offers the potential for a world-class discovery. The partnership with Cosa provides a clear path to earning an 80% interest by sole-funding over C$10 million in expenditures, a significant commitment that underscores the company’s belief in the asset.

A Strategy of Concentration Over Diversification

In the press release, CEO Ungad Chadda stated the pivot “provides us with greater capacity to deliver near- and long-term exploration advancement.” This captures the essence of the move. For a junior explorer, financial and human resources are finite. Spreading them across multiple projects, especially one with complex partnership dynamics like the NWA joint venture, can dilute their impact.

This strategic refocus allows Global Uranium to concentrate its team and treasury on what it has identified as its two most compelling assets. Both the Airline #2 and Astro projects have recently delivered encouraging geophysical and geological data, providing tangible justification for their prioritization. While the market reacted to the news with a slight downturn in the company's share price—a common short-term response to the uncertainty of strategic shifts—the move is fundamentally about increasing the odds of a significant discovery.

By trading a minority position in a complex joint venture for more direct control over projects with fresh, promising data, Global Uranium is making a disciplined choice. It is a classic case of sacrificing a 'good' opportunity for what management believes are two 'great' ones, a critical decision on the long and arduous road from prototype to profit.