Stallion Uranium Drills Virgin Target in Hunt for Athabasca Discovery

VANCOUVER, British Columbia – February 12, 2026 – In the heart of the world's most prolific uranium district, drill rigs have begun turning on a patch of land that has never before been tested. Stallion Uranium Corp. announced today the commencement of its 2026 winter drilling program at the Moonlite Project in Saskatchewan's Athabasca Basin, a region legendary for its exceptionally high-grade uranium deposits. The company is targeting the Coyote Corridor, a large and geologically compelling structural zone that represents a bold bet on a potential world-class discovery.

The program marks the culmination of more than a year of intensive scientific work and represents a pivotal moment for the junior exploration company. With two diamond drill rigs operating, Stallion aims to complete 4,000 metres of drilling across six to eight holes, probing a target that, until now, has only existed in geological models and geophysical data maps.

The Hunt in a World-Class District

The Athabasca Basin is no ordinary exploration ground. It is the undisputed global leader for high-grade uranium, supplying approximately 20% of the world's needs and hosting deposits with grades up to 100 times higher than the international average. Giants of the industry like the McArthur River and Cigar Lake mines have cemented the region's reputation, making any new, well-defined target a source of significant industry buzz.

These exceptional deposits are typically found at or near the boundary—the “unconformity”—between the ancient basement rock and the overlying sandstone. The key to discovery lies in identifying specific geological features: reactivated faults, conductive graphitic rocks in the basement, and corresponding structural complexity. These elements create the perfect plumbing system and chemical traps for uranium-bearing fluids to concentrate into massive, high-grade ore bodies. Stallion's Moonlite Project sits squarely within this prime geological setting, located in a prospective corridor of the western Athabasca Basin near multiple historic discoveries.

A Data-Driven Bet on the Coyote Corridor

The decision to drill the Coyote Corridor was not a shot in the dark. It is the result of a meticulous, data-driven exploration strategy conducted in partnership with Atha Energy Corp. For over a year, teams integrated results from advanced geophysical surveys and detailed geological modeling to pinpoint the most promising locations. This extensive preparatory work has de-risked the exploration process as much as possible before the first drill bit ever touched the ground.

Priority targets within the corridor exhibit what geologists consider classic signatures of major Athabasca deposits. These include coincident electrical conductors, which often indicate the presence of crucial graphitic structures, and gravity low anomalies, which can signify areas of intense rock alteration associated with mineralizing events. The combination of these features in a large, untested structural zone is what makes the target so compelling.

“This is the first time Coyote has ever been drilled, and it represents one of the most technically compelling uranium targets I have ever seen,” said Matthew Schwab, CEO of Stallion Uranium, in the company’s official release. “After more than a year of focused geophysical work and modelling, we are now testing a target that shows the same geological signatures seen at several major Athabasca uranium discoveries.”

Darren Slugoski, the company's VP of Exploration, echoed this confidence. “Coyote checks the boxes we look for in Athabasca uranium exploration,” he stated. “We see conductive graphitic structures, gravity lows and structural complexity all coinciding in the same corridor. These are the types of features that host uranium deposits elsewhere in the Basin.”

Fueling a Clean Energy Future

Stallion’s drilling program is unfolding against the backdrop of a dramatic resurgence in the global uranium market. After years in the doldrums, the price for uranium surpassed the symbolic $100 per pound mark in early 2026, driven by a powerful convergence of factors. A global push for decarbonization has thrust nuclear power back into the spotlight as a critical source of clean, reliable baseload energy. Dozens of new reactors are under construction worldwide, and governments are increasingly supporting the life extensions of existing plants.

This surging demand is colliding with a constrained supply chain. Years of underinvestment have left a structural deficit in the market, with future demand far outstripping committed production. Analysts project a significant and growing supply gap in the coming decade, a reality that has sent utilities scrambling to secure long-term contracts and spurred a new wave of exploration investment. A major discovery by Stallion would not only be transformative for the company but would also be a significant event for a Western world eager to secure uranium supply from stable, geopolitically friendly jurisdictions like Canada.

Strategic Execution and the Path Forward

The operational plan for the winter program is designed for efficiency and adaptability. Utilizing two drill rigs, operated by the experienced Base Drilling, allows the geological team to incorporate results from one hole to refine targeting for the next. This real-time feedback loop is crucial in the complex geology of the Athabasca Basin, where a near-miss can be just as informative as a direct hit. The program, which was briefly delayed by unseasonably warm weather in January that hampered winter road access, is now fully underway.

The project is part of a broader strategic partnership with Atha Energy Corp., under which Stallion has the option to earn a 70% interest in a vast land package, creating one of the largest contiguous projects in the Western Athabasca Basin. This collaboration leverages the technical expertise and resources of both companies, increasing the odds of success.

With drilling now in progress, the market will be watching closely for initial results. Every metre of core pulled from the Coyote Corridor holds the potential to confirm the geological theories and geophysical interpretations. For Stallion Uranium and its investors, the coming weeks represent a period of intense anticipation, where a single drill hole could potentially uncover the next major deposit to fuel a clean energy future.