Greenridge Exploration Inc. Announces Exploration Plans at Hook-Carter Uranium Project

VANCOUVER, British Columbia, July 16, 2025 — Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) has announced the commencement of a new exploration program at its Hook-Carter Uranium Project (“Hook-Carter”) located in the southwestern Athabasca Basin region of Saskatchewan, Canada. This initiative is being conducted in collaboration with Denison Mines Corp. (“Denison”), which operates the exploration activities.

The exploration program, referred to as the “Program,” involves a moving loop time-domain electromagnetic (“MLTDEM”) ground geophysical survey. The primary objective of this survey is to identify new drill targets along the Patterson Lake Corridor, a highly-prospective area known for hosting multiple significant existing uranium deposits.

Ownership of the Hook-Carter Property is divided between Greenridge and Denison, with Greenridge holding a 20% stake and Denison holding the remaining 80%. This partnership underscores the strategic collaboration between the two companies in advancing the exploration efforts at the Hook-Carter Project.

Greenridge Exploration Inc., a Canadian mining exploration company, primarily focuses on the acquisition, exploration, and development of gold and silver properties. However, this new venture into uranium exploration marks a significant expansion of its portfolio. The company is known for its commitment to sustainable mining practices and environmental stewardship, which remain central to its business strategy.

As of July 14, 2025, Greenridge’s stock was trading at a close price of 0.43 CAD on the Canadian National Stock Exchange. The company’s market capitalization stands at 24,470,000 CAD, with a price-to-earnings ratio of -3.89. Over the past year, the stock has experienced fluctuations, reaching a 52-week high of 0.99 CAD on January 1, 2025, and a 52-week low of 0.37 CAD on June 17, 2025.

This exploration initiative at the Hook-Carter Uranium Project represents a strategic move for Greenridge Exploration Inc. as it seeks to diversify its resource base and capitalize on the potential of uranium deposits in the region. The collaboration with Denison Mines Corp. is expected to leverage the expertise and resources of both companies, potentially leading to significant discoveries and advancements in the project.