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Wedgemount options 23 uranium and rare earth targets in Arizona, expanding into US critical minerals sector.

Company Fundamentals
09 Jun 2026
TheNewswire
View Source
Bullish
pluang ai news

Wedgemount Resources has secured an option agreement to acquire up to 75% interest in 23 breccia pipe uranium and rare earth element exploration targets across 6,080 acres in Northern Arizona. The project includes the historically significant Wate Pipe with a past resource estimate of 1.12 million lbs uranium oxide. This move diversifies Wedgemount's energy portfolio, complementing its existing oil and gas assets in the US, and positions the company in a high-grade uranium district near active mines. Wedgemount plans further exploration and development to verify historical resources and capitalize on growing domestic uranium demand and energy security policies in the US.

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