Verdera Energy Commences NI 43-101 Technical Report for the West Largo Project; Hosts Town Hall Conference Call
TSX-V:V
OTCQB: VUECF
www.verderauranium.com
VANCOUVER, BC, May 28, 2026 /CNW/ - Verdera Energy Corp. (TSXV: V) (OTCQB: VUECF) ("Verdera" or the "Company") announced today that it has commenced the preparation of an independent National Instrument 43-101 ("NI 43-101") Technical Report for its 100% owned West Largo Project, an advanced uranium property with a historic mineral resource, located in New Mexico. Verdera's management team will also host a virtual Town Hall meeting, providing a corporate update, on Monday, June 1st, 2026 at 11am ET. To join please visit: https://app.webinar.net/eAmNY9VWRqz.
Janet Lee-Sheriff, Chief Executive Officer stated "Following internal review of our proprietary data for West Largo, we believe the information supports the need for initial modernized assessment of the high-grade In-Situ Recovery ("ISR") amenable West Largo Project. Verdera is also undertaking a drilling program at the West Largo Project focused on the periphery of the historically mineralized area."
Verdera has engaged Western Water Consultants, Inc, an independent hydrogeological and civil engineering firm, to conduct the initial NI 43-101 Technical Report with anticipated completion in Q4 2026. The West Largo NI 43-101 Technical Report is planned to verify and update the historic resource estimates with modern standards and cut off grades. Historical cut off grades were significantly higher than modern cut offs, using a lower cut off should increase the total pounds of uranium while reducing the overall grade. The results of using a lower modern cut off grade should provide additional drill targets in the lower grade envelopes designed to expand the area of mineralization through additional drilling. The NI 43-101 Technical Report will be prepared in accordance with applicable National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
In parallel, the Company is undertaking a permit application for a drill program at the West Largo Project targeting peripheral uranium mineralization adjacent to higher grade historical intercepts. This program is planned to not only confirm historical data but also expand uranium mineralization beyond the limits of the historical estimates.
To view the project map, please visit: https://rb.gy/phmitl
Historic Mineral Resource- West Largo Project
Historical Mineral Resource Estimate for the West Largo Uranium Property (Cutoff 6.0 ft @ 0.10% U3O8) | |||
Category | Tons | Grade eU3O8% | U3O8 (lbs) |
Indicated | 2,800,000 | 0.30 | 16,900,000 |
Inferred | 64,546 | 0.217 | 280,130 |
Maxwell, R. D. (2011, December 31). Technical Report and Mineral Resource Estimate for Uranium Resources Inc., Nose Rock Project, McKinley County, New Mexico, USA. Based on 1,580 drill holes; includes historic estimates reported by Nakaoka (1982).
A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource. Additional work will be required to verify and update historical estimates, including a review of assumptions, parameters, methods and testing. Historical estimates do not use the current mineral resource categories prescribed under NI 43-101. Verdera is not treating the historical estimate as a current mineral resource. Historical resources are considered relevant and reliable, and will be used for the purpose of planning additional verification and exploration work.
About the West Largo Project
The West Largo Project is one of the highest- grade In-Situ Recovery ("ISR") amenable project in the United States with historical resources at an average grade of 0.3% U3O8, which substantially exceeds the typical ISR deposit grade between 0.05%-0.15% U3O8,. The West Largo Project consist of approximately 3,840 acres in McKinley County, New Mexico. The majority of the property is held through deeded mineral rights and also includes 75 unpatented lode claims. Gulf Minerals discovered uranium mineralization in the area in 1968. Subsequent drilling by the major mining companies including Gulf, Kerr McGee, Pathfinder, and Santa Fe Minerals delineated the deposit on the West Largo properties in the 1970s and 1980s.
Mark Pelizza, MSc, C.P.G, a Director and Qualified Person under NI 43-101, has reviewed and approved the technical disclosure in this news release on behalf of the Company.
About Verdera Energy Corp.
Verdera Energy Corp. is focused on the development of In-Situ Recovery ("ISR") uranium assets in New Mexico. Led by a team with extensive experience in the uranium and natural resources sector, Verdera is working to meet the growing demand for clean, reliable domestic uranium in the United States. Verdera holds private mineral rights spanning approximately 400 square miles, 88 million pounds of known and historic resources and a significant proprietary uranium database. New Mexico, with expansive uranium resources is positioned as a critical district in the U.S. domestic nuclear renaissance, driven by efforts to reduce reliance on foreign imports. Verdera is committed to fostering strong community relations and strives to work closely with local communities.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains statements and information that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves expectations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and may be forward-looking statements. Forward looking statements are often identified by words such as "expect", "anticipate", "plan", "forecast", "estimate", "belief" or "intends or variations of such words. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Such forward looking statements include statements regarding the reliability of historical resource estimates, the potential to establish mineral resources as defined under NI43-101, and the ability to achieve expected grades.
Forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to general business, economic, competitive, political and social uncertainties, as well as risks associated with exploration work to confirm and expand the deposit and establish mineral resources. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, Verdera assumes no obligation to update the forward-looking statements.
SOURCE Verdera Energy Corp.
For further information, please contact: Janet Lee Sheriff, Chief Executive Officer, (214) 304-9552, [email protected]
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