The decision to suspend drilling comes as company continues to face delays in permitting.

The previous bulk sample results returned higher grades than those indicated by drilling.

The company intends to complete an updated economic study in the near future and to develop an exploration path.

Total indicated resources have increased to 2.69 million tonnes grading 1.94% uranium oxide and 0.61 g/t gold.

Fresh drilling results show thicker, higher-grade nickel-copper mineralization in an area outside the project’s defined resource zone.

The feasibility study forecasts an after-tax net present value of over $1 billion and internal rate of return of 50.2% .

The most significant result was 2.96% uranium oxide (U3O8) over 15.5 metres, including 24.49% U3O8 over 1.5 metres.

The project's base case after-tax NPV is C$1.07 billion, with an internal rate of return of 31.7%.