North Shore Completes Earn-In on West Bear Property

North Shore Uranium Ltd. has announced the completion of its final earn-in obligation for the West Bear property in Saskatchewan through an option agreement with Gem Oil Inc. This allows North Shore to acquire a 75% interest in the property. The completion involves issuing 263,157 common shares to Gem Oil at a price of $0.19 per share. These shares are subject to a hold period expiring in February 2026.

Following this transaction, a joint venture will form, with North Shore holding a 75% interest and Gem Oil a 25% interest, along with a net smelter returns royalty constraint. The West Bear property is adjacent to significant uranium and cobalt-nickel deposits and has seen extensive past exploration. North Shore remains committed to further exploration, having identified multiple targets.