American Atomics completes mineral resource estimate at Blue Streak

Canada NewsWire VANCOUVER, BC , June 1, 2026 /CNW/ - American Atomics Inc.  (the "Company") (CSE: NUKE) (OTC: GNEMF) (FWB: Q3B) is pleased to announce the completion of a Mineral Resource Estimate for the Blue Streak Project located in Montrose County, Colorado, USA (the " Property "). Through its subsidiary Nuv2C, LLC, wholly owned as of April 16, 2026, the Company holds a 100% interest in the Property. About the Blue Streak Property The Property is comprised of 194 mining claims, covering approximately 3,400 acres, on Federal lands in Montrose County, Colorado.

The Property combines multiple historic mines, notably the Pickett Corral Mine, the Blue Streak Mine, the Upper Pickett Corral (or Upper Blue Streak), and the Zebra Mine.  These mines are among numerous mines along the Bull Canyon rim that produced from three ore horizons in the Jurassic age Salt Wash member of the Morrison Formation , intermittently mined and explored through the 1980's. The Property is in the heart of the Uravan Mineral Belt in southwest Colorado. Uranium and vanadium minerals deposited in the Salt Wash fluvial sandstone member of the Jurassic-aged Morrison Formation were easily recognized, with the best mines concentrated in an arcuate area named the "Uravan Mineral Belt" by the U. S. Geological Survey (USGS) (Fischer and Hilpert, 1952).

The Uravan Mineral Belt has over a hundred years of uranium and vanadium production history. Currently, federal and state permits are under evaluation and preparation for the Project that would enable a return to mining operations. Key Highlights The Pickett Corral Mine, one of the Blue Streak Project mines, reported historic production (to 1971) of 51,495 tons of ore containing 293,985 pounds of uranium (U 3 O 8 ) at a grade of 0.29% and 1,981,225 pounds of vanadium (V 2 O 5 ) at a grade of 1.92% (Nelson-Moore, et al., 1978, Colorado Geologic Survey Bulletin