Uranium exploration / Explorer, pre-resource / Uranium & Nuclear
Uranium One Mining
CSEUUUOTCUUUFF
Uranium One Mining is a British Columbia company renamed from Vanguard Mining effective April 27, 2026, with a lineage running back through Recharge Resources, Le Mare Gold, Southern Lithium and Signal Exploration [2][4]. It is not the historic Uranium One enterprise. The company holds uranium-oriented exploration properties including Nucleon, Quark and Yuty Prometeo alongside the earlier Brussels Creek and Pinchi Lake projects, none with a current compliant resource [2]. Its distinction in this edition is balance-sheet: June 30 working capital of C$3.52 million covers more than half the current market capitalization [2][10]. Shares trade on the CSE as UUU and in the U.S. as UUUFF [1].
Primary assets & business
- Nucleon Uranium: C$1.56 million capitalized carrying value at June 30, 2026 [2]
- Quark Uranium: acquired April 2026 for 2,285,714 post-consolidation shares (C$1.08 million fair value) plus C$200,001 cash [2][6]
- Yuty Prometeo: C$2.21 million capitalized carrying value at June 30, 2026 [2]
- Brussels Creek and Pinchi Lake: earlier-stage properties carried at C$1.18 million and C$0.56 million [2]
- Proposed: Foghorn (BC) and Pasfield Lake (Saskatchewan) via acquisition of 1583644 B.C. Ltd. for 27.06 million shares, not closed at the research date [7]
Financial position
| Basic shares outstanding | 40,251,352 | Jun 30, 2026; matches current CSE profile [1][2] |
|---|---|---|
| Cash | C$2.868MMore than three months of spending has occurred since | Jun 30, 2026 [2] |
| Working capital | C$3.517M | Jun 30, 2026 [2] |
| Warrants / RSUs | 10.70M / 85,713Most warrants at C$0.39-C$0.77, above the current price | Jun 30, 2026 [2] |
| Share price snapshot | C$0.165A quotation, not a target | Closing bid, Oct 8, 2026 [10] |
Canadian dollars. Balance-sheet figures are dated June 30, 2026 and cash has since been spent; the proposed 27.06-million-share acquisition is not reflected in the share count.
Ownership & capital structure
| Quark Uranium vendors | Not yet verified2,285,714 post-consolidation shares recorded at C$1.08 million fair value [2][6] | |
|---|---|---|
| 1583644 B.C. Ltd. vendors (proposed) | Not yet verified27.06 million shares on closing, if completed on announced terms; a roughly 67% increase in the basic count [7] |
What has to happen next
- Next quarterly filing: whether the June cash balance remains substantial and whether technical spending rises relative to market awareness [2][3]
- 1583644 B.C. closing: final property package, title, royalties, technical report and whether the 27.06 million consideration shares are issued [7]
- Current assays, geophysics and drill targets at Nucleon, Quark or Yuty tied to verified property interests [8]
- May 2027: 10,028,002 financing warrants at C$0.50 expire; a successful rerating could make them roughly C$5 million of financing proceeds [2][5]
Research checkpoints, not a dated event calendar or a promise of outcomes.
Valuation context
At the October 8 snapshot of C$0.165, 40.25 million basic shares imply a market capitalization of about C$6.64 million [1][10]. June working capital of C$3.52 million covers roughly 53% of that; a cash-adjusted proxy values the exploration portfolio and shell at roughly C$3.8 million. Book exploration costs of C$6.8 million cannot be added to cash and called NAV. The thesis holds only while cash burn is controlled and the proposed 27-million-share acquisition does not close without commensurate technical value.
Mandatory reading
Key risks
- Cash burn: C$2.551 million of operating cash used in the first half of 2026 [2]
- Spending mix skewed to market awareness (C$814,111) and consulting (C$637,924) over expensed exploration (C$62,378) [3]
- Proposed acquisition would increase basic shares roughly 67% for unproven properties [7]
- No current compliant uranium resource; May 2026 clarification retracted or qualified earlier technical claims [8]
- Related-party history: the Redonda sale to Copper One was disclosed as an MI 61-101 related-party transaction [9]
Source documents
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
