- UraniumX Discovery (CSE:STMN) reported the death of an independent contractor on Friday following a wildlife encounter at its Zoo Bay property in Saskatchewan’s Athabasca Basin.
- Project work has been halted to accommodate an ongoing investigation.
- UraniumX stock last traded at C$0.15 and has given back 44.44 per cent year-to-date.
UraniumX Discovery (CSE:STMN) reported the death of an independent contractor on Friday following a wildlife encounter at its Zoo Bay property in Saskatchewan’s Athabasca Basin.
An investigation involving local authorities, government agencies and wildlife officials is underway, which has resulted in a temporary suspension of activities at the project.
Zoo Bay, extending for 19,850 hectares, hosts a shallow unconformity from surface to 200 metres depth, significantly less than typical Athabasca targets measuring 400-800 m, granting it low exploration costs of between C$250-400. The project is only 80 kilometres away from Cameco (TSX:CCO)‘s Cigar Lake uranium project, whose resources stand at almost 200 million pounds.
According to Tuesday’s news release, UraniumX will issue updates on the incident “as new information becomes available and as appropriate,” while exploration and development at its flagship Murphy Lake property are continuing as planned, including a drilling program scheduled for mid-May 2026, with the junior mining company positioned to earn an up to 70 per cent interest through an option agreement with F4 Uranium (TSXV:FUU).
Leadership commentary
“We are deeply saddened by this tragic loss. Our thoughts and deepest condolences go out to the family, friends and colleagues of the deceased,” Esen Boldkhuu, Chief Executive Officer of UraniumX Discovery, said in a statement. “The safety and well-being of our employees, contractors and all personnel working on our projects is, and will always remain, our highest priority. We commend the rapid response of our on-site team, service providers and emergency responders who attended the scene.”
About UraniumX Discovery
UraniumX is a Canadian junior uranium company advancing high-potential projects in Saskatchewan’s Athabasca Basin, a geological region responsible for providing about 20 per cent of the world’s uranium.
UraniumX stock (CSE:STMN) last traded at C$0.15 and has given back 44.44 per cent year-to-date.
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