ReeXploration to drill Eureka Uranium Project, Namibia
ReeXploration Inc. [TSXV: REE; FSE: K2I0] reported that the 2026 uranium exploration drill program at its flagship Eureka Project in Namibia is fully funded and moving into the execution phase. With capital in place and detailed drill planning underway, the company is preparing to advance a targeted drill program designed to test high-priority uranium anomalies defined during its 2025 work programs.
“2025 was a pivotal year for ReeXploration. With drill financing now complete, our focus has shifted decisively to execution,” stated Christopher Drysdale, Interim CEO of ReeXploration. “The uranium targets we have defined at Eureka are technically compelling, located in one of the world’s premier uranium districts, and ready to be tested. 2026 is about drilling and results, and we believe this program has the potential to materially expand the scale and strategic relevance of the Eureka Project.”
During the second half of 2025, ReeXploration expanded the scope of the Eureka Project beyond rare earth elements through the identification and refinement of multiple high-priority uranium targets. These targets are located within one of the world’s premier uranium provinces and are supported by coherent radiometric and geochemical anomalies consistent with large, intrusion-related uranium systems. Based on the results of this work, the targets are now considered drill-ready and form the primary focus of the company’s initial 2026 exploration program.
Key milestones achieved in 2025 include: Closed two private placements in Fall 2025, raised $1.95 million to fund ongoing and upcoming exploration activities, including $1.0 million in December required to advance near-term exploration objectives and initiate uranium drilling.
Completion of the company’s rebrand to ReeXploration, reflecting a sharpened focus on critical minerals aligned with global energy security and supply-chain diversification.
Identification and confirmation of a large-scale drill-ready uranium target at Eureka through field programs, geophysics, and geochemical analysis.
Expansion of the broader uranium target footprint, reinforcing the project’s multi-commodity potential alongside its established rare earth element foundation.
These developments collectively repositioned Eureka as a dual-commodity critical minerals project, pairing a rare earths system with a compelling uranium exploration opportunity. Further updates will be provided as exploration activities progress.
The company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean monazite concentrate with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors.
Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply.
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