Cosa Resources CEO Keith Bodnarchuk joined Steve Darling from Proactive to announce the company’s core drilling program has begun at the Murphy Lake North Project, a joint venture between Cosa Resources and Denison Mines Corp. The project, situated in the eastern Athabasca Basin of Saskatchewan, is operated by Cosa, which holds a 70% interest, while Denison retains a 30% stake. This drilling campaign marks the first exploration drilling at Murphy Lake North since 2005—predating the discovery of the high-grade Hurricane Deposit by 13 years. Cosa Resources plans to complete approximately 1,600 metres of drilling, targeting the interpreted strike extension of Hurricane Deposit geology within Murphy Lake North and following up on historical uranium mineralization intersections. Murphy Lake North is strategically located along the Larocque Lake trend, just 2.7 kilometers east of the Hurricane Deposit (Figure 2). Notably, Hurricane is recognized as the world’s highest-grade Indicated Mineral Resource for uranium. Several key members of Cosa’s current management, board of directors, and advisory team were instrumental in the discovery and delineation of the Hurricane Deposit for IsoEnergy Ltd. between 2018 and 2022, bringing extensive expertise to the Murphy Lake North exploration program. In addition to advancing its exploration initiatives, Cosa Resources has entered into an agreement with Haywood Securities for a private placement offering of up to $5 million in aggregate gross proceeds. The company’s largest shareholder, Denison Mines, has indicated its intent to participate in the offering to maintain its holdings at approximately 19.95% post-transaction. This drilling program and capital raise position Cosa Resources for a strong 2024, with renewed exploration efforts in the heart of the Athabasca Basin’s uranium-rich landscape. #proactiveinvestors #cosaminingcorp #tsx #dml #cosa #nyseamerican #dnn #UraniumExploration #MurphyLakeNorth #AthabascaBasin #NuclearEnergy #MiningNews #Investing #DenisonMines #EnergyTransition #DrillingUpdate