UraCore Energy is advancing a potentially massive uranium discovery at the right time. The Powerline Project sits on 4,087 acres in Utah’s uranium-rich Paradox Basin, with historic data showing a 35-meter mineralized zone that includes 19 meters of high-grade material. This positions the company to capitalize on America’s deepening uranium supply crisis ahead of its planned TSX Venture listing.
Powerline Project exploration target (using 0.25% grade proxy from Rio Algom Lisbon precedent).
In-situ value of Powerline at Dec 2025 spot price ($81.55/lb).
Annual U.S. uranium supply deficit (near-term).
U.S. uranium imports (2024 reliance on foreign supply).
U.S. nuclear capacity target by 2050 (quadrupling from 100 GW).
Historic production from Colorado Plateau (UraCore’s uranium heartland).
The United States faces a 50 million pound annual uranium deficit, with 92% of supply imported from foreign sources. Surging demand from AI data centers and a policy push to quadruple nuclear capacity to 400 gigawatts by 2050 have driven spot prices up 17% in 2025 alone. The Defense Production Act now treats uranium as a strategic national security priority, creating powerful tailwinds for domestic explorers like UraCore.
UraCore’s Powerline Project targets a 1 billion pound U3O8 exploration opportunity, valued at $81 billion at December 2025 spot prices, using the nearby Rio Algom Lisbon Mine as a geological proxy. The project spans 171 BLM claims in a district that has produced 328 million pounds since the 1950s, with ISR-friendly geology at 850 meters depth across a 13-kilometer mineralized trend. The 2026 roadmap starts with a Q1 qualified person report, followed by Q2 drilling and an NI 43-101 resource estimate.
A purpose-built team with over 100 years of combined expertise leads UraCore through validation, de-risking, and delivery. CEO Peter Kim brings capital markets execution for listings and financings, while CFO Richard Pinkerton, CPA CFA, has raised over $250 million for mining projects. Advisors include Gord Ellis, P.Eng, with 50 years in exploration, and Utah specialist Jay Gatten, P.Geo. This group is executing near-term catalysts including an updated 43-101 report.
