~2.414 km²
Schürfrechtsgebiet
Karoo
Geologisches Umfeld
113,7 Mio. lb
Analoge Lagerstätte (Letlhakane, 20 km östlich)
142 %
Uranpreis-Anstieg (5 Jahre)
Projektübersicht

Sandsteingebundene Uran-Ziele

Das UA92-Projekt umfasst Schürfrechte mit einer Gesamtfläche von etwa 2.414 km² im Central District Botswanas. Die Lizenzen zielen auf sandsteingebundene Uranmineralisation innerhalb der Ecca-Gruppe der Karoo-Supergruppe ab — dasselbe geologische Umfeld, das mehrere Uranlagerstätten von Weltklasse im südlichen Afrika beherbergt.

Das Projektgebiet liegt zwischen den Städten Orapa und Francistown, etwa 20 km westlich der Letlhakane-Lagerstätte (Lotus Resources), die 113,7 Mio. Pfund U₃O₈ enthält. Diese Nähe zu einer bewährten Analoglagerstätte bietet eine starke geologische Stütze für die Explorations-These.

Hinweis: Etwa die Hälfte der ursprünglichen Schürfrechte wurde aufgegeben, wodurch sich die Gesamtfläche von ~4.407 km² auf die aktuellen ~2.414 km² reduziert hat. Die beibehaltenen Lizenzen decken das vielversprechendste Gebiet basierend auf der geologischen Bewertung ab.

Location
Central District, Botswana — zwischen Orapa und Francistown
Target Type
Sandsteingebundenes Uran in der Ecca-Gruppe (Karoo-Supergruppe)
Total Area
~2.414 km² über beibehaltene Schürfrechte
Stage
Exploration in einer frühen Phase — keine Mineralressourcen definiert
Lizenz-Portfolio

Schürfrechte

Etwa 2.414 km² beibehaltene Lizenzen, die das vielversprechendste Gebiet im Central District Botswanas abdecken.

~2.414 km²
Total Retained Prospecting Area

Approximately half of the original 7 prospecting licenses (~4,407 km²) were relinquished following geological assessment. The retained licences cover the most prospective portions of the Ecca Group target horizon, selected based on proximity to the Letlhakane analog and favorable structural geology.

Licence Details
Licences
7 PLs (PL143–PL148, PL220/2023)
Original Area
~4,407 km²
Retained Area
~2.414 km²
Target Formation
Ecca Group, Karoo Supergroup
UA92 Prospecting License Blocks
UA92 Botswana Prospecting License Area Map showing PL143–PL148 and PL220/2023 blocks relative to the Letlhakane deposit

UA92 prospecting license blocks (PL143/2023 – PL148/2023, PL220/2023) in Botswana's Central District, adjacent to the Lotus Resources Letlhakane deposit.

Geological Analog

Letlhakane Deposit

A world-class uranium deposit located just 20 km east of the UA92 licence area, demonstrating the prospectivity of the geological setting.

113,7 Mio. lb
U₃O₈ Resource
142.2 Mt
Total Tonnage
363 ppm
U₃O₈ Grade
~20 km
East of UA92

Letlhakane is owned by Lotus Resources and represents one of the largest undeveloped uranium deposits in Africa. Located approximately 20 km east of the UA92 licence area, it contains 113.7 million lb U₃O₈ at 142.2 Mt averaging 363 ppm. The deposit is hosted within the same Ecca Group (Karoo Supergroup) sedimentary sequence that UA92 targets — providing a compelling geological analog for the exploration thesis.

Proven Discovery Team

Team Uranium Track Record

Key team members have been involved in the discovery and development of two major Karoo-basin uranium deposits.

Mkuju River, Tanzania
183 Million lb U₃O₈

Discovered by Uranium One, led by team members now at Union Power Metals. Karoo basin analog geology — same sedimentary and structural setting as the UA92 project.

Leonardville, Namibia
195 Million lb U₃O₈

Karoo basin — same geological setting as UA92 Botswana. Discovered through the Uranium One / Rosatom group exploration programs.

Technical Report

NI 43-101 Technical Report

Independent technical report prepared in accordance with National Instrument 43-101 standards.

Effective Date
December 21, 2024 — Prepared for Gold Digger Resources Inc. (now Union Power Metals Corporation)
Qualified Person
Rory Kutluoglu, P.Geo (British Columbia, Canada)
Resource Status
No mineral resources defined — early-stage exploration. The report documents the geological setting, exploration rationale, and recommends further work.
Analog Reference
Letlhakane (Lotus Resources) — 113.7 million lb U₃O₈ at 142.2 Mt @ 363 ppm — located ~20 km east of UA92 acreage.
Download Full Report
NI 43-101 Technical Report (PDF, ~3.8 MB)
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Project Timeline

Botswana Activity Timeline

Key milestones in the development of the UA92 Botswana Uranium Project.

January 13, 2025
Acquisition of Premium Uranium Corporation Completed
Completed the acquisition of Premium Uranium Corporation, gaining 100% ownership of the UA92 Botswana Uranium Project — approximately 4,407 km² of prospecting licenses in Botswana's Central District targeting sandstone-hosted uranium in the Ecca Group (Karoo Supergroup).
Read Press Release →
August 4, 2025
Core Uranium Exploration Licenses Renewed
Secured renewal of core uranium exploration licenses in Botswana (PL143/2023 – PL148/2023, PL220/2023). Approximately half the original area was relinquished, retaining ~2,414 km² covering the most prospective ground adjacent to the Letlhakane deposit analog.
Read Press Release →
October 20, 2025
Andrey Shutov Appointed COO & President
Appointed Andrey Shutov — former Uranium One Group President and seasoned uranium executive — as Chief Operating Officer and President. Shutov brings decades of experience in Karoo-basin uranium exploration and development, including discovery of the 183M lb Mkuju River deposit in Tanzania.
Read Press Release →
October 29, 2025
Derrick Dao Appointed to Board of Directors
Derrick Dao, CEO, appointed to the Board of Directors. Accompanying board restructuring to strengthen governance and align leadership with the Company's uranium and critical minerals strategy.
Read Press Release →
November 5, 2025
Exploration Work Program Approved
Approved the exploration work program for late 2025 – early 2026 and initiated contractor procurement for a drone-borne radiometric and VLF-EM survey across the UA92 prospecting licenses. This marks the beginning of systematic exploration on the project.
Read Press Release →
December 2, 2025
Endeavour Scientific Engaged for Uranium Survey
Engaged Endeavour Scientific Ltd. to conduct a high-resolution drone-borne radiometric and VLF-EM survey at the UA92 project. Survey designed to identify uranium anomalies across the retained license areas for follow-up ground-truthing and drill targeting.
Read Press Release →
January 27, 2026
Operational Update — Survey Mobilization
Provided operational update confirming survey mobilization is in final stages. Drone-borne radiometric and VLF-EM survey across the UA92 license area progressing toward field deployment.
Read Press Release →
Marktkontext

Uranium Market Tailwinds

Structural supply-demand dynamics and renewed nuclear demand from AI and data centers are driving the uranium market.

142 %
Price Increase (5 Years)

Uranium term prices have risen 142% over the past five years, reflecting structural undersupply and renewed demand.

66
Reactors Under Construction

66 nuclear reactors are currently under construction globally, with many more in planning and approval stages.

AI & Nuclear Demand

AI hyperscalers — Google, Microsoft, NVIDIA, and Amazon — are driving unprecedented nuclear energy demand for data center power.

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Frequently Asked Questions

What is the UA92 uranium project?

UA92 is a uranium exploration project in Botswana's Central District, held by Union Power Metals. The project consists of approximately 2,414 km² of prospecting licenses targeting sandstone-hosted uranium in the Ecca Group of the Karoo Supergroup.

What stage is the Botswana uranium exploration at?

Union Power Metals has engaged a contractor for high-resolution airborne uranium surveys at UA92, with exploration activities commencing in late 2025. The project is at an early exploration stage, with survey data to guide future drilling programs.

Who leads Union Power Metals' uranium exploration?

The uranium exploration program is led by President/COO Andrey Shutov, former President of Uranium One Group — one of the world's largest uranium producers. The company's Qualified Person is Lorne Warner, P.Geo.