Mike Fagan,
Editor
Nov. 13, 2025
North Shore Uranium Ltd. (TSX-V: NSU) — currently trading around C$0.25 per share in a robust uranium market — has announced an operational update on its Rio Puerco Uranium project in northwestern New Mexico’s historic Grants Uranium District where the company is advancing permitting and planning for a 1H 2026 drill program.
The upcoming program will test and verify zones of uranium mineralization within and beyond the area of a historical Inferred resource estimate of 6.0 million tonnes grading 0.09% eU₃O₈ for 11.4 million lbs U₃O₈, originally defined by Kerr-McGee in the 1960s and ’70s.
Historical data indicate potential for in-situ recovery (ISR) mining — the lowest-cost production method for uranium — positioning Rio Puerco as a rare, early-stage US asset with both scale and low-cost development potential.
North Shore Uranium CEO Brooke Clements — whom you’ll be hearing from next in our exclusive interview — commented on the significance of advancing Rio Puerco toward its first modern drill program via press release:
“North Shore’s Rio Puerco project in New Mexico, USA, hosts a significant historical uranium resource with excellent upside, including the potential for confirming uranium mineralization outside of the known Historical Resource in section 18. We look forward to future drill programs at Rio Puerco which will be designed to both confirm and expand upon the known uranium mineralization. The USA has recently expressed a strong desire to stimulate domestic uranium production and we are well-positioned to take advantage of that enthusiasm. Just yesterday, Cameco Corp. and Brookfield Asset Management announced a strategic partnership with the US government that would support nuclear reactor development in the USA and elsewhere.”
Located at the eastern end of the Grants District — the largest past-producing uranium camp in America — the Rio Puerco project offers exceptional infrastructure and strong jurisdictional support at a time when the US government is emphasizing domestic uranium production and streamlining permitting to rebuild national supply chains.
US utilities consume close to 50 million pounds of uranium annually, yet domestic production remains under one million pounds — a gap the federal government is now determined to close. On a bipartisan basis, Washington is working to rebuild every layer of the nuclear fuel cycle from mining and processing to enrichment and reactor construction (including SMRs).
Recent initiatives underscore that commitment. Uranium has been formally designated a critical mineral, and a newly announced strategic partnership between Cameco, Westinghouse, Brookfield, and the US government will channel more than US$80 billion toward building next-generation reactors and SMRs on American soil.
With exposure to both the Athabasca Basin and the US Southwest, North Shore Uranium stands out as one of the few juniors giving speculators direct leverage to the North American uranium supply chain from exploration through potential ISR development.
That policy backdrop reflects a broader renaissance for the nuclear-power sector. More than 30 countries, including the US and Canada, have now committed to tripling nuclear capacity by 2050 while bipartisan initiatives in Washington continue to prioritize uranium as a critical mineral essential to energy security in the emerging AI-driven economy.
In parallel, North Shore is advancing two earn-in projects at the eastern margin of Saskatchewan’s prolific Athabasca Basin — the Falcon and West Bear properties — both strategically positioned near world-class mines and mills.
At Falcon, recent prospecting confirmed radioactivity readings up to 20,000 cps at target FA020 and 27,000 cps at FA025 with assay results pending.
At West Bear, the company has now completed its earn-in to acquire a 75% interest and has identified multiple drill-ready targets following new geophysical work.
With a current sub-C$20 million market cap, North Shore gives investors exposure to three active uranium projects spanning the American Southwest and Canada’s Athabasca Basin — each offering distinct discovery and development potential in top-tier jurisdictions.
Upcoming catalysts are lining up with drill permitting and mobilization underway at Rio Puerco, assay results from Falcon on the horizon, and continued target refinement at West Bear as new data comes in.
Taken together, these programs provide steady exploration momentum across North Shore’s North American portfolio amid a uranium market that continues to show sustained strength.
For a far deeper dive, our own Gerardo Del Real of Junior Resource Monthly caught up with North Shore Uranium CEO Brooke Clements to discuss the company’s multi-jurisdiction strategy, near-term catalysts, and outlook for the uranium sector. Please enjoy!
For more information on British Columbia-based North Shore Uranium, please contact the company’s IR department at 604-536-2711 or via email at brooke.clements@telus.net.
Visit the North Shore Uranium corporate website and sign up to receive updates directly from the company here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from North Shore Uranium
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