URZ3 Energy Launches Exploration Program at Wyoming's Dry Fork Uranium Project

URZ3 Energy Corp. has commenced an exploration program at its Dry Fork Uranium Project located in Wyoming's Powder River Basin, a region recognized as one of the most significant uranium-producing areas in the United States. The project's strategic positioning just 10 kilometers from the established Nichols Ranch Uranium Project enhances its potential significance within the domestic uranium sector.

The exploration initiative is specifically designed to evaluate the property's suitability for in-situ recovery uranium extraction, focusing initially on identifying uranium-bearing groundwater that could indicate subsurface mineralization compatible with ISR methods. This hydrogeological approach represents a cost-effective strategy for prioritizing future drilling targets while minimizing initial exploration expenditures.

The program's first phase will concentrate on sampling areas surrounding known water springs to detect anomalous uranium concentrations. A subsequent phase will expand the search using hand-held spectrometers to locate additional springs and surface seeps that may contain concentrated uranium deposits. The spectrometer survey will be conducted over a systematic ground grid to refine exploration targets and inform future drilling plans.

Mark Kolebaba, President and CEO of URZ3 Energy Corp., emphasized the program's strategic importance, noting that the company sees renewed momentum in Wyoming and southwestern U.S. uranium development due to federal incentives and streamlined pathways for exploration and production. The company's team brings demonstrated success in advancing uranium assets from exploration to production scenarios.

The timing of this exploration initiative aligns with strengthened U.S. government support for domestic uranium production. In a September 15th interview with Bloomberg, U.S. Secretary of Energy Christopher Wright highlighted the need to bolster the strategic uranium reserve to reduce foreign dependence and support nuclear energy expansion. The Strategic Uranium Reserve program, established in 2020, has already resulted in government purchases of one million pounds of U₃O₈ at premium prices, demonstrating federal commitment to domestic supply security.

More recently, the Department of Energy announced on August 22, 2025, the creation of a Defense Production Act Consortium aimed at expanding domestic fuel availability, enhancing power reliability, and accelerating progress toward nuclear energy independence. These policy developments create favorable conditions for domestic uranium exploration and development companies.

The Dry Fork exploration program represents URZ3 Energy's initial uranium property advancement in Wyoming, with the project expected to form part of a broader portfolio in the region. The company's focus on ISR-amenable uranium resources supports growing demand for clean, carbon-free nuclear energy as part of the global transition to low-carbon power generation. Jim Ebisch, a qualified professional geologist as defined by National Instrument 43-101, will oversee data review for the project.