Cosa Resources

Cosa Resources Corp. is a Canadian-based mineral exploration company focused on uranium projects in northern Saskatchewan's Athabasca Basin, a region known for high-grade uranium discoveries. The company, incorporated in November 2020 and publicly traded since March 2022, holds a portfolio of approximately 237,000 hectares across various projects. These projects are a mix of 100% owned properties and joint ventures, most of which are considered underexplored.

The management team has a notable history of success in the region. Key personnel, including President and CEO Keith Bodnarchuk, were previously involved in significant discoveries such as IsoEnergy's Hurricane deposit, Denison's Gryphon deposit, and 92 Energy's Gemini Zone. Bodnarchuk, a professional geologist with an MBA, has over 15 years of experience in exploration and capital markets, including roles at IsoEnergy and Denison Mines. This experienced team was recognized in 2022 with the AME Colin Spence Award for their role in the Hurricane discovery.

Cosa's business model is centered on the acquisition and exploration of its mineral properties, with the goal of making new discoveries. As an exploration-stage company, it does not currently generate revenue. Its financial strategy involves raising capital through private placements and flow-through financings to fund exploration activities like geophysical surveys and drilling programs. A significant strategic development occurred in January 2025, when Cosa entered into a collaboration with Denison Mines. This joint venture granted Cosa access to several highly prospective projects and established Denison as Cosa's largest shareholder, holding a 19.9% stake. Under this agreement, Cosa operates three joint venture projects—Murphy Lake North, Derby, and Packrat—holding a 70% interest while Denison holds 30%.

The company's primary exploration focus includes drilling at the Murphy Lake North Joint Venture, which is located near the Hurricane deposit, and advancing its 100%-owned projects like Ursa, Orion, Aurora, and Orbit through modern geophysical surveys to identify drill targets. The company's shares are traded on the TSX Venture Exchange (COSA), the OTCQB (COSAF), and the Frankfurt Stock Exchange (SSKU).

Keywords: uranium exploration, Athabasca Basin, mineral exploration, Saskatchewan mining, junior mining, Denison Mines partnership, Hurricane deposit, uranium projects, high-grade uranium, exploration drilling, geophysical surveys, Ursa Project, Murphy Lake North, Orion Project, resource speculation, Canadian exploration company, public mining company, TSX:COSA, OTC:COSAF, Cable Bay Shear Zone