Nuclear Fuels Reports High Grade Intercept of 0.205% eU3O8 over 8.0 feet from the First Drill Program at the Kaycee Uranium Project's East and West Stirrup Zones; Extends Known Mineralization 1,000 Feet

CSE:NF
OTCQX:NFUNF

VANCOUVER, BC, Oct. 30, 2024 /CNW/ - Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) ("Nuclear Fuels" or the "Company") announced today the best results to date from the on-going drill program at the Kaycee In-Situ Recovery ("ISR") Uranium Project (the "Project") in Wyoming'sPowder River Basin ("PRB"). The current drill hole results are from the Company's first drilling on the historic Stirrup West and East Zones which lie ~2.7 miles from the Saddle Zone and 1 mile from the Spur Zone. Drilling at the Stirrup West Zone returned up to 0.205% eU₃O₈ over 8.0 feet with a Grade Thickness ("GT") of 1.640, representing the highest GT encountered by the Company. Drilling at Stirrup East Zone has confirmed high grade historic mineralization, and extended the Zone by ~1,000 feet to the northeast (0.107%eU₃O₈ over 4.5 feet with a total hole GT of 0.854). In the PRB, potentially ISR-recoverable uranium mineralization with a GT of greater than 0.20 is considered suitable for inclusion in a potential wellfield.