Verdera Energy Announces Sale of Treeline Project, New Mexico

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Verdera Energy Announces Sale of Treeline Project, New Mexico

Canada NewsWire

TSX-V:V
OTCQB: VUECF
www.verderauranium.com

VANCOUVER, BC, Sept. 2, 2026 /CNW/ -- Verdera Energy Corp. (TSXV: V) (OTCQB: VUECF) ("Verdera" or the "Company") announced today that the Company has entered into a Mineral Property Purchase and Sale Agreement pursuant to which Americas Uranium Corp. has agreed to acquire a 100% interest, subject to royalties, in the Treeline Uranium Project located in New Mexico, USA.

Verdera Energy Corp. Logo

Janet Lee-Sheriff, Verdera Energy's Chief Executive Officer stated: "The Treeline Uranium Project transaction is an example of the potential wealth of opportunities available to Verdera from the New Mexico database acquired through the enCore Energy transaction and acquisition of the Kerr McGee New Mexico database. While Treeline is a good exploration project with potential to expand the historic mineralization previously outlined, Verdera's business plan is to focus on advancing its four large-scale properties with historical resources established by name-brand oil companies. This transaction provides immediate value to the Company and its shareholders on a property not in our project pipeline. At Verdera, our team continues to advance our key projects including a NI 43-101 technical report underway on the West Largo Project while we data-mine the vast database, containing over 200,000 drill hole logs, for additional opportunities."

Transaction Highlights

  • Americas Uranium Corp. (CSE: NUCA) (OTCQB: ASRFF) (FSE: WA7) will acquire a 100% interest in the Treeline Property and associated Property Rights, subject to existing and newly granted royalties;
  • Consideration consists of US$100,000 in cash and C$2,000,000 in common shares of Americas Uranium, with 90% of the share consideration payable in staged issuances over the 36 months following closing;
  • Historical reports from January 2005 that were reviewed by Axiom Exploration Group show an estimated 1,020,000 lbs of U3O8 on the Property. The estimate is historical in nature and is not a current NI 43-101 mineral resource or reserve1;
  • The Property is located in Cibola and McKinley Counties, New Mexico, in an area with a history of uranium exploration and mining. Historical mining has occurred immediately southeast of the Property at the San Mateo mine;
  • Americas Uranium will also receive a right of first refusal over specified additional mineral rights adjacent to the Treeline property.

Transaction Terms

Under the Purchase Agreement, Americas Uranium will acquire a 100% interest in the Treeline Uranium Project and all associated Property Rights in consideration for a cash payment of US$100,000 on closing, staged share payments over thirty-six months from closing totalling C$2 million in common shares of Americas Uranium Corp., plus a 1.5% of net proceeds royalty on uranium and 1.5% net smelter returns royalty on other minerals produced from the Property which can be reduced to 1.0% by payment of C$400,000 to Verdera.

Qualified Person

Mark Pelizza, MSc, C.P.G, a Director and Qualified Person under NI 43-101, has reviewed and approved the technical disclosure in this news release.

1.The technical information regarding the historical estimate is based upon historical information reviewed by Axiom, including the 2005 Treeline property technical report prepared by Neil Prenn and John Rice. The historical estimate does not meet current NI 43-101 requirements, however is considered relevant and reliable for exploration planning. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, and the issuer is not treating the historical estimate as current mineral resources.

About Verdera Energy Corp.

Verdera Energy Corp. is focused on the development of In-Situ Recovery ("ISR") uranium assets in New Mexico. With the largest land position in a prolific uranium district, and the largest uranium endowment among U.S.-focused public uranium exploration companies, Verdera is working to meet the growing demand for clean, reliable domestic uranium. Led by a team with extensive experience in the uranium and natural resources sector, Verdera holds private mineral rights spanning approximately 400 square miles, 88 million pounds of known and historic resources and a significant proprietary uranium database. New Mexico, with expansive uranium resources, is positioned as a critical district in the U.S. domestic nuclear renaissance, driven by efforts to reduce reliance on foreign imports. Verdera is committed to fostering strong community relations and strives to work closely with local communities.

www.verderauranium.com 

1Conoco Inc. (1978). Tree Line Project: Internal Mine Planning Memo. 61 unpatented mineral claims in multiple sections (T13N–T14N). Cutoff = 6 ft of 0.05% U₃O₈. Unclassified historic resources.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary and Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the completion of the sale of the Treeline Property, the timing and satisfaction of closing conditions under the Purchase Agreement, receipt of the cash, share and royalty consideration, the anticipated benefits of the transaction to the Company and its shareholders, the Company's ability to realize value from its New Mexico uranium database and property portfolio, and the Company's plans to advance its key projects and pursue additional opportunities.

Forward-looking information is based on management's current expectations, estimates, projections and assumptions as of the date of this news release and is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among others, the risk that the transaction may not be completed on the terms described herein or at all, that required approvals or conditions may not be obtained or satisfied, that the Company may not receive the expected consideration, that market, regulatory, operational or commodity-price conditions may change, and other risks described in the Company's public disclosure record. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except as required by applicable securities laws.

 

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SOURCE Verdera Energy Corp.