Aventis Energy Nears Critical Exploration Phase with Upcoming Drill Campaign

Aventis Energy CA05358H1091

Investors in Aventis Energy are on the cusp of a pivotal operational event: the company is preparing to initiate its first drilling program in over four decades at the Corvo Uranium Project. With planning finalized and preparatory work complete, the company is transitioning from geological theory to a tangible field test. The core objective is to determine whether newly identified subsurface structures genuinely lead to areas with potential uranium concentration.

The Corvo Project is situated in a highly prospective region within Saskatchewan's Athabasca Basin. According to the company, the property lies approximately 60 kilometers east of Cameco's McArthur River mine and about 45 kilometers northeast of Atha Energy's Gemini Mineralized Zone. This places the asset in a district known for significant uranium endowment.

Covering 12,265 hectares, the project spans 29.3 kilometers of prospective structural trends along three northeast-trending electromagnetic conductor corridors. This geological setting is crucial, as Aventis is not drilling on speculation but is targeting areas aligned with well-mapped geophysical pathways.

Ground Gravity Survey Provides a Roadmap

In a company announcement dated January 13, Aventis Energy reported the completion of a high-resolution ground gravity survey on the Corvo property in early January 2026. The work was executed by MWH Geo-Surveys (Canada) Ltd.

The survey's purpose was to identify density anomalies beneath the surface. Such signals can indicate hydrothermal alteration systems, which are directly associated with geological trends considered favorable for uranium deposition. The extensive data collection covered more than 29 kilometers of strike length of electromagnetic conductors and involved over 5,000 individual measurement stations.

Winter 2026 Drill Program: Targeting High-Grade Surface Showings

Concurrently, the firm has finalized plans for its Winter 2026 drill program—marking the first drilling activity at Corvo in more than 40 years. Key parameters include:

• Program Scale: Approximately 2,500 to 3,000 meters of drilling
• Number of Holes: 8 to 10 drill holes
• Target Depth: Uranium zones located roughly 200 to 300 meters below the surface
• Primary Target: The previously untested "Manhattan Showing"
• Operational Timeline: Crew mobilization is scheduled for early February

A compelling aspect of the Manhattan Showing target is the historical surface sampling. "Grab samples" from the site have returned uranium assays as high as 8.10% U₃O₈. The upcoming drilling aims to investigate whether these high-grade surface indications persist at depth.

A significant note on execution: Aventis has stated the program is fully funded, with the company intending to cover 100% of the costs. This move is designed to meet the first-year expenditure obligations under its option agreement with Standard Uranium.

Market Context and Next Steps

Trading at a closing price of €0.14 on Friday, the company's shares remain notably below their 52-week high. This valuation suggests the market is closely watching the upcoming operational milestone and may be pricing in the associated execution risk.

The imminent mobilization of field teams in early February represents a shift from data interpretation to physical exploration. The commencement of the 8 to 10 planned drill holes will provide the definitive test for the geophysical anomalies. Ultimately, the results will reveal whether the promising signals from the Manhattan Showing translate into substantive mineralization at a depth of 200 to 300 meters.