UraniumX Discovery Corp. (formerly Stearman Resources) (STMN)

Published 2026-02-05 • by juniorminingpro

Original Post ↗SEC Filings 📄Yahoo Finance 📊TradingView 📈

Thesis Summary

Detailed Deep Dive

UraniumX Discovery Corp. (formerly Stearman Resources)

CSE: STMN

_33,000 hectares in the Athabasca Basin with the world’s most accomplished uranium discovery team_

Market cap: $15 million CAD

![Image 8](https://substackcdn.com/image/fetch/$s_!HNld!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fed14643d-1ffb-48e9-a40b-412dca679396_830x543.png)

A Uranium Dream Team with a robust treasury and an exceptional asset base.

After recently raising $4.1 million, UraniumX has just announced _another_ $1.5 million private placement due to institutional demand, positioning the company with robust war chest to commence ambitious exploration campaigns focused on drilling Murphy Lake this Spring.

Murphy Lake sits just 3km from IsoEnergy’s world-class Hurricane discovery - the highest grade uranium discovery in the world; 15km north of the Nova discovery, and 4km east of Cameco’s La Rocque Lake.

![Image 9](https://substackcdn.com/image/fetch/$s_!yXLV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdf5034c6-bfe8-4d6d-ae22-4525a08bb63c_983x1097.jpeg)

The board is stacked with technical talent - unrivalled in the Athabasca Basin : Ken Wheatley (Exploration Director, 8 Athabasca discoveries including McArthur River and Cigar Lake), Dr. Yuanming Pan (Technical Advisor, leading academic authority on Athabasca unconformity systems), Matthew Schwab (Director, Arrow discovery team, Roughrider sale for $654M), and Vincent Martin (Strategic Advisor, former Orano Canada CEO with 37 years global uranium operations).

At $0.22/share after 45 days of consolidation with this caliber of team directing systematic expansion drilling across 33,000 hectares, and a robust cash position, this represents my highest conviction uranium play heading into Spring 2026 catalysts.