Uranium One Mining Corp. Engages Consultant for Technical Report on Foghorn Critical Mineral Project

November 13, 2026 — Leads & Copy — Uranium One Mining Corp. announced it has engaged consulting geologist Derrick Strickland, a Qualified Person under National Instrument 43-101, to prepare a technical report for the company's newly acquired Foghorn Critical Mineral Project. The project is located near Birch Island in south-central British Columbia.

The engagement is a key step in evaluating the project's historical exploration data and developing recommendations for future work. The Foghorn Project has the potential to host multiple commodities, including fluorite, rare earth elements (REEs), celestite, thorium, and historical uranium mineralization.

David Greenway, President of Uranium One Mining Corp., stated that Foghorn offers a significant opportunity to build upon decades of exploration and assess the broader critical mineral potential of its hydrothermal system. He highlighted the extensive fluorite mineralization, along with historically reported occurrences of REEs and celestite, as a strong foundation for modern exploration.

Historical exploration at Foghorn includes over 368 drill holes and approximately 17,280 metres of drilling, with contributions from previous operators such as Denison Mines and Placer Dome. This has resulted in a substantial geological database. Uranium One aims to integrate this historical information with modern exploration techniques to refine priority targets and assess mineral potential that may have been overlooked.

The Foghorn Critical Mineral Project is characterized by a volcanogenic hydrothermal system within altered alkalic volcanic rocks of the Eagle Bay Formation. This system concentrates critical minerals in a single mineralizing environment. Historical work suggests that this event enriched the system in fluorine, REEs, strontium, and other strategic minerals, forming a broad, structurally controlled mineralized corridor with significant exploration potential.

A notable feature of the project is the historically reported occurrence of REEs and celestite alongside fluorite mineralization. Historical analyses have detected several REEs, including lanthanum, cerium, yttrium, samarium, gadolinium, dysprosium, and ytterbium. Reported historical rare earth oxide (REO) values ranged from 0.24% to 1.88% REO, with composite values reaching approximately 1.03% REO. Historical records also identify the rare earth-bearing mineral bastnaesite, further indicating the project's multi-commodity potential.

The core of the project features an extensive fluorite-rich system that has been traced for at least 410 metres along strike and has a reported width of approximately 38 metres, though true width is unknown. The system remains open along strike and at depth, and is closely associated with significant hydrothermal alteration and well-developed structural controls.

Historical drilling yielded significant fluorite intersections, such as 28% CaF₂ over 40 feet, yet several of the most intensely mineralized areas have not been thoroughly tested. The lack of extensive follow-up work on these intercepts presents a notable opportunity for expanding the known mineralized footprint.

The Foghorn Critical Mineral Project consists of approximately 40 Crown-granted mineral claims covering about 614 hectares in British Columbia. Past operators include Denison Mines Limited and Placer Dome. Reported historical exploration activities between 1943 and 1976 involved approximately 17,280 metres of drilling across 368 surface and underground holes.

Government geological records indicate fluorites associated with celestite and minor rare earth-bearing minerals, suggesting additional opportunities for technical assessment. The Company's planned technical review will involve assessing these historical datasets, refining geological interpretations, and identifying priority targets for future exploration.

Management believes the project represents a unique opportunity to evaluate a district-scale critical minerals asset where fluorite, REEs, and celestite coexist within a large, well-developed hydrothermal system. Utilizing modern exploration methods, advanced geochemistry, updated geophysics, and contemporary geological modelling, Uranium One anticipates the potential to further define, expand, and unlock value from mineralization that has received limited attention despite extensive historical exploration.

The proposed NI 43-101 technical report will offer an independent geological evaluation of the Foghorn Critical Mineral Project, integrating available historical exploration records, geological mapping, drilling information, and mineralization data. Derrick Strickland, a consulting geologist, will review and approve the scientific and technical information contained within this news release.

Uranium One Mining Corp. is a Canadian mineral exploration company focused on acquiring, exploring, and developing uranium projects and select battery metals assets. The company is advancing a diverse portfolio of exploration-stage projects in Canada, Paraguay, and Argentina, strategically positioned to benefit from the growing global demand for nuclear energy and secure energy supply chains.

Source: Uranium One Mining Corp