EXPLORATION AND EVALUATION ASSETS

12 Months Ended

Dec. 31, 2025

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EXPLORATION AND EVALUATION ASSETS

5. EXPLORATION AND EVALUATION ASSETS

	Rook I		Other Athabasca Basin Properties			Total
Deferred exploration and acquisition costs
Balance at December 31, 2024		559,428		25,461			584,889
Additions:
Camp and infrastructure		25,015		–			25,015
General exploration and drilling		31,059		–			31,059
Environmental, permitting, and engagement		17,486		–			17,486
Technical, engineering and design		87,346		–			87,346
Acquisition and other costs		16,578		710			17,288
Labour and wages		33,933		–			33,933
Share-based payments (Note 10(b))		9,889		–			9,889
Asset retirement obligation assets		5,365		–			5,365
Total Additions		226,671		710			227,381
Balance at December 31, 2025	$	786,099	$	26,171		$	812,270

	Rook I		Other Athabasca Basin Properties			Total
Deferred exploration and acquisition costs
Balance at December 31, 2023		428,633		22,723			451,356
Additions:
Camp and infrastructure		13,510		–			13,510
General exploration and drilling		25,040		615			25,655
Environmental, permitting, and engagement		16,261		–			16,261
Technical, engineering and design		38,500		–			38,500
Acquisition and other costs		1,609		1,593			3,202
Labour and wages		28,964		530			29,494
Share-based payments (Note 10(b))		6,911		–			6,911
Total Additions		130,795		2,738			133,533
Balance at December 31, 2024	$	559,428	$	25,461		$	584,889