• Premier American Uranium started drilling at Cebolleta uranium project in New Mexico to supply core for a 42-week metallurgical testing program aimed at improving heap-leach recovery assumptions used in 2025 Preliminary Economic Assessment.
• Program targets up to 16 PQ core holes across Sohio Areas I–III, with drilling expected to finish in June.
• 2025 PEA base case assumes 80% recovery; company estimates lifting recovery to 90% could raise after-tax NPV (8%) by about 90% to US$159.26 million from US$83.86 million.
• PEA outlines 13-year mine life, average annual output 1,400,000 pounds U3O8, peak 2,000,000 pounds, total payable production 18,100,000 pounds at US$90/lb base-case price.
• Base-case economics include after-tax IRR 17.7%, direct pre-production capex US$64.2 million, total initial capex about US$112.7 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Premier American Uranium Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605120700PRIMZONEFULLFEED9717841) on May 12, 2026, and is solely responsible for the information contained therein.