Saskatchewan Uranium Explorer Hits Record Radioactivity at Coyote

Source: Streetwise Reports 08/17/2026

Athabasca Basin uranium explorer Stallion reports its highest radioactivity reading yet at the Coyote target and expands the 2026 drill program to 6,750 meters while advancing Stone Island gravity work.

The Athabasca Basin in Northern Saskatchewan remains one of the world’s premier uranium districts, drawing investor attention as global nuclear demand continues to rise steadily. Stallion Uranium Corp. (STUD:TSX; STLNF:OTCQB; B76:FSE) has now delivered its strongest radioactivity intercept to date at the Coyote target, prompting an immediate expansion of the current drill campaign.

It is the highest radioactivity reading to date at the Coyote target in Northern Saskatchewan, and Stallion said it plans to expand its 2026 drill program from 5,500 meters to approximately 6,750 meters before the end of the exploration season. This update positions the company to test additional priority zones while the season remains open.

Why Stallion Stands Out in a Competitive Basin

Stallion controls a large land package across more than 1,700 square kilometers of the Athabasca Basin. Its strategy focuses on systematic geophysical targeting followed by targeted drilling, a model that allows the junior to evaluate multiple conductive trends efficiently. The latest results at Coyote demonstrate that this approach is generating measurable progress on the ground.

Key Assets and Catalysts Driving Near-Term Activity

The Coyote target lies along an 8.5-kilometer trend where structural and alteration features coincide with geophysical anomalies. Drill hole ML26-005 returned a peak of 1,416 counts per second across a 2.3-meter interval that averaged 595 counts per second. These readings represent the highest radioactivity values recorded by the company at the Coyote target to date. A second hole, ML26-006A, also encountered elevated radioactivity, reinforcing the decision to extend the program by roughly 1,250 meters.

Alongside Coyote, Stallion has mobilized a ground gravity survey at its Stone Island project. The survey aims to detect subtle density changes that may point to alteration or structural controls favorable for uranium mineralization. Results will be integrated with existing Haystack AI data and prior geophysical surveys to refine the broader target pipeline.

Industry Timing and Market Backdrop

According to an August 5 report from Nuclear News, the end-of-July spot price for uranium was US$86.36 per pound, while Trading Economics reported a uranium futures price of US$86.60 per pound. Recent figures from Trading Economics placed the spot price at US$87.45 per pound as of mid-August, reflecting a 19.79 percent gain over the past year. Demand drivers include data-center power needs and government policies favoring reliable, low-carbon generation.

Analyst Views and Valuation Context

In an August 13 analysis, Jeff Clark and Daniel Flynn of Paydirt Prospector wrote that Stallion Uranium’s latest drilling at Coyote had produced the company’s highest radioactivity readings to date at the target. The analysts maintained their BUY rating, noting that improving radioactivity readings justified the expanded metreage and that assays remain the key upcoming catalyst. They also highlighted the prudence of advancing multiple targets simultaneously.

Key Investor Takeaways

• Stallion has intersected its highest radioactivity reading to date at Coyote, with ML26-005 returning 1,416 counts per second.
• The company is expanding the 2026 Coyote program from 5,500 meters to approximately 6,750 meters to follow up on encouraging results.
• A ground gravity survey is now underway at Stone Island to refine additional targets in the Athabasca Basin portfolio.
• Radioactivity readings provide only a preliminary indication; final uranium grades will come from laboratory assays still pending.
• Insiders and institutions hold meaningful stakes, and the market capitalization remains modest relative to the scale of the land package.

Share Structure and Ownership Snapshot¹

Insiders and management control 16.8 percent of the shares, while institutions hold 9.32 percent. As of August 17, the market capitalization stood at roughly CA$22.52 million with 150.13 million shares outstanding. The 52-week trading range was CA$0.15 to CA$0.53. [OWNERSHIP_CHART-10167]

Common Questions from Investors

What radioactivity level was recorded at Coyote? Drill hole ML26-005 returned a peak of 1,416 counts per second within a 2.3-meter interval, averaging 595 counts per second.

Why is the drill program being expanded? Increasing radioactivity and new geological data justified adding approximately 1,250 meters to reach a total of 6,750 meters before the season’s end.

Are radioactivity readings the same as uranium grades? No. Gamma probe results serve only as a preliminary indicator; laboratory assays are required for grade confirmation.

What work is planned at Stone Island? A ground gravity survey has started to identify density variations that may relate to alteration or structural features prospective for uranium.

When will assay results be available? Core samples from the 2026 program are being sent to the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon for analysis. Stallion has not provided a specific timeline for the release of assay results.

Stallion’s current program combines expanded drilling at Coyote with parallel geophysical work at Stone Island, giving investors multiple data points over the coming months. The measured pace of exploration, supported by a stable uranium price environment, offers a clear framework for evaluating the company’s progress in one of the world’s most prolific uranium districts.

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Important Disclosures:

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Stallion Uranium.
2. Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: STUD:TSX; STLNF:OTCQB; B76:FSE, )

Source: https://www.streetwisereports.com/article/2026/08/17/saskatchewan-uranium-explorer-hits-record-radioactivity-at-coyote.html