UraniumX Discovery Corp. Advances Ground Geophysical Survey at Murphy Lake, Athabasca Basin
On February 17, 2026, UraniumX Discovery Corp. announced the commencement of a 9.2‑line‑kilometre ground electromagnetic (EM) geophysics program at the Murphy Lake property in the Athabasca Basin. The operation, conducted by EarthEx Geophysical Solutions, will deploy Moving‑Loop Electromagnetics (MLEM) across four lines to refine the spatial resolution of previously identified conductive targets.
Program Scope and Technical Objectives
The MLEM survey will total 9.2 line‑kilometres, concentrating on the area surrounding and between two known prospective conductor systems previously flagged by F4 Uranium Corp. By tightening the survey line spacing, UraniumX aims to generate a high‑resolution geophysical model that will inform the company’s forthcoming drill programme slated for late spring 2026. The survey results are expected to delineate the geometry of the conductive basement and guide the selection of drill targets that align with historic geochemical anomalies.
Partnership and Funding Arrangement
The Murphy Lake work program is financed by UraniumX Discovery Corp. under the terms of its option agreement, which allows UraniumX to acquire up to a 70 % interest in the Murphy Lake property. During the earn‑in period, F4 Uranium will operate the survey, leveraging its prior exploration experience in the area. This collaborative framework underscores UraniumX’s strategy of partnering with established operators to accelerate project development while managing capital expenditures.
Historical Context and Geochemical Highlights
F4 Uranium’s 2022 drill campaign at Murphy Lake yielded several encouraging results. Notably, drill hole ML22‑006 intersected 0.242 % U₃O₈ over a 0.5 m interval, and a 4.2 m wide deformation zone was identified. Another hole, ML22‑012, located 1.4 km north of the property, recorded 56 ppm uranium in a 0.5 m sandstone sample situated just above the unconformity. These findings, coupled with intense hematite and limonite alteration in sandstone and graphitic shear zones, establish Murphy Lake as one of F4’s most promising exploration targets.
The proximity of the Murphy Lake property to major uranium discoveries—IsoEnergy’s Hurricane Deposit (5 km to the north) and Cameco’s La Rocque Lake Zone (4 km to the east)—adds strategic value to the site. The 609‑hectare property lies in the northeastern corner of the Athabasca Basin, roughly 30 km northwest of Orano’s McLean Lake deposits, further enhancing its attractiveness for uranium exploration.
Implications for UraniumX Discovery Corp.
With a market capitalization of 11.56 million CAD and a recent closing share price of 0.13 CAD, UraniumX Discovery Corp. remains a small‑cap player in the uranium sector. The initiation of the MLEM survey represents a tangible step toward substantiating the resource potential at Murphy Lake, which could translate into future licensing, drilling, and potentially production opportunities. The company’s focus on responsible development and environmental stewardship aligns with its broader corporate social responsibility framework, although no specific sustainability measures were detailed in the release.
In summary, UraniumX Discovery Corp.’s launch of the 9.2‑line‑kilometre ground EM geophysics program at Murphy Lake marks a significant milestone in its exploration agenda. The survey’s high‑resolution data will be instrumental in refining target selection for the forthcoming drill phase, potentially advancing the property toward a definitive resource assessment.
