Premier American Uranium Reports 10 ft of 0.064% eU₃O₈ in Ongoing Drilling at Kaycee, Wyoming

Premier American Uranium Reports 10 ft of 0.064% eU₃O₈ in Ongoing Drilling at Kaycee, Wyoming

TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to report another positive update on mid-season results from the 2026 exploration drilling program at the…

Premier American Uranium Inc. (TSXV:PUR) - West Diane Opens with Thickest Intercept of the 2026 Program - Research Portal

Premier American Uranium (PUR) reported further mid-season results from the 2026 drill program at its 100% owned Kaycee ISR uranium project in Wyoming's Powder River Basin, including the first results from the West Diane target. To date, 80 holes for 65,620ft, ~66% of the planned 100,000ft, are now complete. West Diane returned the thickest intercept of the 2026 program, 0.064% eU₃O₈ over 10ft in WD26-012, and six of eight holes above cut-off. Rustler's latest batch was thinner, but PUR added 1,883 acres that connect the Rustler and Stampede claim blocks, taking the land package to 31,724 acres. In our view, West Diane is now carrying the program, with the season's highest grade-thickness and strike rate, and it brings the Fort Union back into a 2026 program that had focused on the lower Wasatch. This supports management's position that Kaycee is the only PRB project with all three historically productive sandstones (Wasatch, Fort Union, Lance) mineralized and potentially ISR-accessible, although the Lance has not been tested this season. Offsetting this, Rustler's latest batch was weaker, West Diane mineralization sits about twice as deep as Rustler's upper sand, and weather may limit testing of the new Rustler-Stampede ground before freeze-up. We leave our Kaycee inventory unchanged at 21Mlb (~17% of NAV), and Cebolleta met recoveries remain the main valuation lever.

Premier American Uranium Reports 10-Foot Interval Grading 0.064% eU3O8 at Kaycee, Wyoming in 2026 Mid-Season Drilling Update