Anson Resources to Commence Drilling at Yellow Cat Uranium-Vanadium Project, Utah USA

Highlights:

• Yellow Cat uranium and vanadium exploration drilling program to commence;

  • The program aims to confirm the mineralization extends for 4,500m between known Uranium and Vanadium historical workings;

Sampling has yielded values up to 10.33% U3O8 and 25.6% V2O5;

Drilling contractor selected and program to commence in early March.

BRISBANE, AU / ACCESS Newswire / February 16, 2026 / Anson Resources Ltd (ASX:ASN) ("Anson" or "the Company") is pleased to announce that its wholly owned Utah-based subsidiary, UV1 Minerals LLC, will commence a targeted exploration drilling program at the Yellow Cat Uranium-Vanadium Project located in the Thompson District of southeastern Utah, USA.

Under the approved program, drilling is scheduled to begin in early March 2026 and will test a strike length of approximately 2,500 metres of uranium and vanadium mineralisation along historical trends between known workings. Previous surface sampling has confirmed significant uranium mineralisation, including values up to 10.33% U3O8 and 25.61% V2O5, affirming the prospectivity of the project area.

The program will include multiple shallow drillholes to verify and extend known mineralised zones, with diamond coring supporting detailed assaying and future resource definition. The Company's objective is to confirm that the mineralisation continues between historical mining locations and to lay the groundwork for subsequent resource evaluation activities.

Executive Chairman and CEO, Bruce Richardson, said:
"Commencing drilling at Yellow Cat marks a key exploration milestone for Anson's U.S. portfolio. This program builds on strong historical data and our confidence in the project's potential to host additional uranium and vanadium mineralisation. We look forward to providing results in the near future."

Foto: Accesswire

Strategic Importance of Uranium

This drilling initiative comes at an exciting juncture for uranium globally and particularly in the United States. Uranium, the fundamental fuel for nuclear power, has recently been reinstated on the U.S. Critical Minerals List, reflecting its growing importance to national energy security and supply chain resilience.

The resurgence of interest in nuclear energy is driven by several critical policy and market factors:

• U.S. Government Focus on Critical Minerals: The 2025 Critical Minerals List reinstatement recognises uranium's strategic role, aligning federal support and incentives towards domestic fuel supply development and reducing reliance on foreign sources.