Purepoint Uranium Group Inc. Reports Significant Uranium Discovery at Dorado Project

In a significant development for the uranium exploration sector, Purepoint Uranium Group Inc., a company specializing in uranium exploration within the Canadian Athabasca Basin, has announced a promising uranium discovery at the Dorado project. This joint venture, shared equally with IsoEnergy Ltd., marks a pivotal moment for both companies as they embark on their inaugural drilling program.

Encouraging Results from Initial Drilling

The initial drilling at the Q48 target on the Dorado project, operated by Purepoint, has yielded positive results. The program intersected uranium mineralization in two holes, with downhole gamma probe readings reaching up to 79,800 counts per second (cps). This discovery was confirmed by multiple sources, including StockWatch, Investing.com, OTC Markets, and Finanzen.net, all reporting on the same day, July 8, 2025.

Joint Venture Success

The Dorado project, located in Saskatchewan’s renowned Athabasca Basin, is a 50/50 joint venture between IsoEnergy Ltd. and Purepoint Uranium Group Inc. The successful initial drilling program underscores the potential of the project and the effective collaboration between the two companies. IsoEnergy, listed on the NYSE American and TSX, along with Purepoint, listed on the TSX Venture Exchange and OTC, are both optimistic about the future prospects of the Dorado project.

Market Reaction

Following the announcement, Purepoint’s stock experienced notable activity. The company’s close price on July 7, 2025, was CAD 0.39, with a 52-week high of CAD 0.4 and a low of CAD 0.18. The market capitalization stands at CAD 17,220,000. The news of the uranium discovery is likely to influence investor sentiment and could impact the company’s stock performance in the coming days.

Conclusion

The uranium discovery at the Dorado project represents a significant milestone for Purepoint Uranium Group Inc. and IsoEnergy Ltd. As the companies continue their exploration efforts, the results from the initial drilling program provide a strong foundation for future development and potential resource expansion in one of the world’s most prolific uranium regions.