Skeleton Coast Uranium Corp - TSXv: SKEL

Namibia – Tier-1 Uranium Jurisdiction - #Namibia is the world’s 3rd largest #uranium producer, accounting for approx. 12% of global mined #uraniumproduction. Over the past 45 years, Namibia’s #ErongoRegion has produced more than 350 Mil pounds of #U3O8. Namibia is a recognised tier-one supplier to global #utilities. Uranium currently mined and processed in the Erongo Region of Namibia is being used in #nuclearpower plants in the #U.S., #Europe and #Asia, supporting the global #energytransition. Namibia is set to increase #uraniumoutput and strengthen its position in the global #nuclearfuel #supplychain. Between 2020 and 2025, Namibia increased mined uranium production by ~64% and is set to further increase production with planned investment in new #uraniummines. Namibia offers a stable, mining-friendly jurisdiction which enables the country to develop and operate complex uranium projects at scale. The country’s uranium projects and operations benefit from well-developed #infrastructure, including: · regional power grid; · desalinated water supply (via pipeline from the coast) support mining in the Namib Desert; · the deepwater Port of #WalvisBay provides an Atlantic shipping gateway to export uranium oxide (“U₃O₈”) to #NorthAmerica, Europe, and Asia; · skilled local workforce with decades of experience in #uraniumexploration and #mining; and · a pro-mining regulatory regime with well-defined pathways for permitting, environmental approval and community relations. Skeleton Coast Uranium $SKEL $GLIIF $KDM0 holds options to acquire 70-75% controlling interests in 5 EPLs located in the #ErongoRegion. We are committed to discovering Namibia’s next major #uraniumdeposit through systematic #geological exploration, deployment of cutting-edge #explorationtechnologies, and #investment in Namibia’s positive regulatory environment. Check out our #investor presentation on Skeleton Coast Uranium’s website: skeletoncoasturanium.com.

JOIN US LIVE!!! TUES NOV 3: Skeleton Coast Uranium Webinar TIME: 2:00 pm ET | 12:00 pm PT – Q&A to follow REGISTER NOW ▶ riverside.com/webinar/regist… SPEAKER: Dr. Nathan Chutas, CEO Skeleton Coast Uranium $SKEL is focused on discovering Namibia’s next major uranium deposit: · Skeleton Coast Uranium holds options to acquire 70–75% controlling interests in five EPLs located in the #ErongoRegion of #Namibia, which accounted for approximately 12% of global mined #uraniumproduction in 2024 (@WorldNuclear Association). · Skeleton Coast Uranium’s strategy is to aggregate strategic tenements which are prospective for surficial and #alaskiteuranium deposits, generally less than 100–150 m deep, and which may share geological settings with established #uraniumdeposits in the region. · The Company believes its multi-licence structure – EPLs 8617, 8208, 9727, 9872 and 9873 – enables exploration #ris diversification while leveraging Namibia’s established mining infrastructure, skills base and mineral legislation. Skeleton Coast Uranium is one of the largest #uraniumexploration license holders in the #ErongoRegion of #Namibia. All licenses have known #uraniummineralization and are located either adjacent to or within 10-25 kms of one of Namibia's 3 existing uranium mines #LangerHeinrich, #Rössing and #Husab. skeletoncoasturanium.com

Dr. Nathan Chutas, CEO of Skeleton Coast Uranium discusses uranium's structural supply deficit as the world's largest uranium consumers face depleted stockpiles, with few advanced-stage uranium projects ready to contribute to near-term uranium supply.

The @WorldNuclear Association forecasts uranium demand to increase +50% from 2031 to 2040. According to the @WorldNuclear Association's World Nuclear Fuel Report 2025, global reactor requirements for #uranium are projected to grow significantly from roughly 68,920 tU (tonnes of uranium) in 2025 toward the 2031–2040 decade, reaching over 150,000 tU per year by 2040. This demand growth comes as the world's largest uranium consumers face depleted stockpiles, with few advanced-stage uranium projects ready to contribute to near-term uranium supply. Uranium's structural supply #deficit comes after years of low #uraniumprices and disincentivized new uranium production. And, while the bear market may be over, its effects remain with the uranium sector facing a structural undersupply relative to global #uraniumdemand forecasts. There are a number of countries, including #China, that are planning to bring online #nuclearpower plants that don't currently have fuel. Most uranium consuming nations have depleted domestic #uraniumstockpiles. And, if future demand is to be met, new uranium projects will need to come online. And, new mines will need to come online in known, favorable mining jurisdictions, such as #Namibia, currently the 3rd largest mined uranium supplier with plans for #expansion. Skeleton Coast Uranium is one of the largest uranium exploration license holders in the #ErongoRegion of Namibia. All licenses have known uranium mineralization and are located either adjacent to or within 10-25 kms of one of Namibia's 3 existing uranium mines #LangerHeinrich, #Rössing and #Husab. skeletoncoasturanium.com

Skeleton Coast Uranium $SKEL $GLIIF $KDM0, a resource company focused on discovering Namibia’s next major #uranium deposit, will be presenting at Red Cloud's Fall Mining Showcase 2026. Shareholders and interested parties are invited to attend the event and learn more about Skeleton Coast Uranium, one of the largest exploration license holders in the #ErongoRegion of #Namibia. The annual conference will be hosted in-person, at the Omni King Edward Hotel, Toronto on October 28 and 29, 2026. Dr. Nathan Chutas, CEO of @SkeletonCoastU will be presenting: DATE: Thurs Oct 29, 2026 TIME: 10:20 AM ET To register for the conference please visit: redcloudfs.com/fallminingsho… For more information on Skeleton Coast Uranium please visit our website at skeletoncoasturanium.com

Skeleton Coast Uranium has completed the digitisation and reinterpretation of historical airborne geophysical data across its 5 EPLs which has provided a ranked, prioritised set of #exploration targets to immediately field test. Skeleton Coast Uranium holds options to acquire 70–75% controlling interests in five EPLs located in the #ErongoRegion of #Namibia, which accounted for approximately 12% of global mined #uranium production in 2024 (World Nuclear Association). The 42 ranked #uranium targets are set for Skeleton Coast Uranium’s 2026-2027 #exploration programme, with both styles of #uraniummineralization present in the #ErongoRegion appearing to be represented in the results. The ground-based exploration programme, set to commence in Oct 2026, is designed to inform us which of these targets merit further investigation. · 42 uranium targets ranked across 5 EPLs from reprocessing and reinterpretation of historical airborne radiometric and magnetic surveys. · 13 airborne geophysical targets are high priority for uranium within 27 anomaly outlines covering approx. 8,700 ha. · EPL 8617 hosts 30 of the targets and 10 of 13 high priority targets, clustered along a palaeovalley in the north of the licence in a setting consistent with secondary calcrete hosted uranium mineralisation. · EPLs 9872 & 9873 host 3 high priority geophysical targets in a single target area on their common boundary. For more information on Skeleton Coast Uraniuim $SKEL $GLIIF $KDM0, one of the largest uranium exploration licence holders in the Erongo Region of Namibia, a Tier-1 uranium jurisdiction and recognized supplier to global utilities, visit: skeletoncoasturanium.com

Four of Skeleton Coast Uranium’s 5 EPLs are located within the highly prospective Alaskite Alley corridor of the Erongo Region of Namibia, within which major uranium deposits including Rössing, Husab, Etango and Valencia are located. The 5th EPL is contiguous with the Langer Heinrich Mine and offers dual prospectivity for both alaskite and palaeochannel type uranium mineralization. Dr. Nathan Chutas, CEO of Skeleton Coast Uranium discusses planned investment by Namibia’s uranium industry to expand production including the Husab mine, the largest open-pit uranium mine in Africa and the second-largest uranium-only producer in the world. Husab boasts an annual mining capacity of over 120 million tonnes and produces upwards of 5,300 tonnes of uranium oxide U₃O₈ per year. Namibia has 470,100– 497,900 tonnes of recoverable uranium and in 2025 uranium production grew to 8,857 tonnes, ranking the country as the 3rd largest mined uranium producer globally (World Nuclear Association, 2025). Skeleton Coast Uranium holds 5 uranium exploration licences (EPLs) all of which have known uranium mineralisation (unverified historical information; see Technical Information) and are located either adjacent to or within 10 to 25 km of one of Namibia's three existing uranium mines Husab, Langer Heinrich and Rössing. The Erongo Region of Namibia produces approximately 12% of global mined uranium output.

** NEWS RELEASE ** Skeleton Coast Uranium Submits Renewal Application for EPL 8208 with a Fully Funded Two Year Exploration Programme · Contiguous with the Langer Heinrich mine, EPL 8208 hosts four uranium targets and is set to undergo a $1.05 Mil Exploration Programme. · Exploration targets include primary leucogranite-associated uranium and secondary palaeochannel/calcrete-hosted uranium analogous to the Langer Heinrich deposit. “The renewal application for EPL 8208, which shares approximately 15 km of boundary with the Langer Heinrich uranium mine licences, sets out an aggressive, fully funded field exploration programme that prioritises methodical, high-reward methods for identifying and defining uranium targets. The first year, set to commence immediately upon renewal, is designed to identify those targets that warrant exploration drilling; the second year drills them,” commented Dr. Nathan Chutas, CEO of Skeleton Coast Uranium. skeletoncoasturanium.com/new… The first year exploration programme proposes a potentially catalyst-rich helicopter borne radiometric and magnetic survey at 100 metre line spacing, geological mapping with ground radiometrics, a ground geophysical survey to map the buried palaeodrainage, licence wide geochemical sampling, and pitting and trenching of selected anomalies; the second year provides for reverse circulation, rotary air blast and diamond drilling of the targets defined in the first year. For more information on Skeleton Coast Uraniuim $SKEL $GLIIF $KDM0, one of the largest uranium exploration licence holders in the Erongo Region of Namibia, a Tier-1 uranium jurisdiction and recognized supplier to global utilities, visit: skeletoncoasturanium.com

** NEWS RELEASE ** - Skeleton Coast Uranium Identifies 42 Ranked Uranium Targets Across its Five Namibian Prospecting Licenses from Reinterpretation of Regional Airborne Geophysical Data “The reinterpretation of historical airborne geophysical data across the five EPLs gives us a ranked, prioritised set of exploration targets to immediately test in the field across our EPLs, and clearly confirms the northern part of EPL 8617 as high priority for ground work. Both styles of uranium mineralization appear to be represented in the results, and the ground programme is designed to inform us which of these targets merit further investigation” commented Dr. Nathan Chutas, Chief Executive Officer of Skeleton Coast Uranium. · 42 uranium targets ranked across 5 EPLs from reprocessing and reinterpretation of historical airborne radiometric and magnetic surveys. · 13 airborne geophysical targets are high priority for uranium within 27 anomaly outlines covering approx. 8,700 ha. · EPL 8617 hosts 30 of the targets and 10 of 13 high priority targets, clustered along a palaeovalley in the north of the licence in a setting consistent with secondary calcrete hosted uranium mineralisation. · EPLs 9872 & 9873 host 3 high priority geophysical targets in a single target area on their common boundary. Skeleton Coast Uranium holds options to acquire 70-75% controlling interests in five Exclusive Prospecting Licences (EPLs) covering approximately 610 km² in the #ErongoRegion of #Namibia, which accounted for approximately 12% of global mined #uraniumproduction in 2024 ( @WorldNuclear). All the concessions are reported in historical records to host #uraniummineralisation (unverified historical information; see Technical Information) and are located either adjacent to or within approximately 30 km of one of the region’s three #uraniummines (#LangerHeinrich, #Rössing or #Husab). Under the terms of its option agreements, Skeleton Coast Uranium is committed to incurring CAD$5 million in #exploration expenditures across the five EPLs by June 2028. Skeleton Coast Uranium $SKEL $GLIIF $KDM0 Read the full announcement skeletoncoasturanium.com/new…

Skeleton Coast Uranium is focused on discovering Namibia’s next major uranium discovery. Namibia is a Tier-1 jurisdiction for uranium production, exploration and bringing new uranium discoveries online. Skeleton Coast Uranium’s 5 uranium exploration licences (EPLs) share certain geological frameworks with Namibia's proven uranium deposits which will be used as entry points in the 2026-2027 exploration programs. Dr. Nathan Chutas, CEO of Skeleton Coast Uranium is overseeing the digitisation and assessment of currently available geophysical data across the 5 EPLs with the objective of interpreting magnetic anomalies and geophysical structures that govern Namibia’s uranium deposits. This is being achieved with high-resolution aeromagnetic and geological data obtained from the Namibia Ministry of Industry, Mines and Energy, along with available research and technical reports. Namibia has the largest contiguous geophysical data coverage in Africa - over 4.4 million line-km of airborne geophysical data flown by the Government of Namibia, representing near-complete national coverage (Namibia Ministry of Industry, Mines and Energy). Skeleton Coast Uranium’s 5 exploration projects are located in the Erongo Region of Namibia, which produces approximately 12% of global mined uranium output.

** NEWS RELEASE ** - Skeleton Coast Uranium Completes Digitisation of Historical #Exploration Data for its Five #Namibian Exploration Licences and Defines Priority Target Areas for Field Validation “With the digitisation completed we hold, for the first time, the full historical record of these licences in one georeferenced dataset. With this information, we have generated better exploration targets on each licence under both #uranium models, and it is the base on which the reinterpretation of airborne data and this season’s ground work are built,” commented Dr. Nathan Chutas, Chief Executive Officer of #SkeletonCoastUranium. Skeleton Coast Uranium holds options to acquire 70-75% controlling interests in five Exclusive Prospecting Licences (EPLs) covering approximately 610 km² in the #ErongoRegion of #Namibia, which accounted for approximately 12% of global mined #uraniumproduction in 2024 ( @WorldNuclear). All the concessions are reported in historical records to host #uraniummineralisation (unverified historical information; see Technical Information) and are located either adjacent to or within approximately 30 km of one of the region’s three #uraniummines (#LangerHeinrich, #Rössing or #Husab). Under the terms of its option agreements, Skeleton Coast Uranium is committed to incurring CAD$5 million in #exploration expenditures across the five EPLs by June 2028. Skeleton Coast Uranium $SKEL $GLIIF $KDM0 Read the full announcement skeletoncoasturanium.com/new…

Anthony Milewski and Christian Purefoy of The Oregon Group speak with investor Mike Beck about the price of uranium and the supply-demand dynamic that may push the price significantly higher to US$200. Mike Beck is a veteran natural resources investor with a track record of billion‑dollar wins in uranium and battery metals. In 2005, he co-founded UraMin, brining together uranium assets across Africa for about US$4 million, then sold the company to Areva in 2007 for US$2.5 billion at the peak of the uranium bull market. Mike then shortly after invested in an Australian company called Extract Resources which was sold for $2.2 billion. Today, Mike Beck is making a new move back into Namibia with Skeleton Coast Uranium Corp, and discusses why he sees a new, big opportunity in uranium exploration. With two multi-billion dollar uranium exits, can Mike Beck do it again at Skeleton Coast Uranium? youtu.be/y6V3fx5c3Ho?si=fwNQ…

Namibia is a uranium powerhouse. According to Dr. Nathan Chutas, CEO of Skeleton Coast Uranium, the third largest uranium mine in Namibia - Husab, a massive uranium-only deposit and one of the largest uranium producers in the world, produced 40% more uranium than all U.S.'s uranium production in 2025. The United States Office of Nuclear Energy of the U.S. Department of Energy is aiming to boost the nuclear energy sector in the US with the goal of quadrupling the U.S. nuclear fleet from ~100GW to 400GW by 2050. This implies an additional ~150Mlb of annual U3O8 demand out to 2050 (for the U.S. alone). Additionally, Canada, France and UK governments have committed to triple nuclear power capacity by 2050. All of which is expected to direct significant investment into uranium exploration and development. Checkout Skeleton Coast Uranium, one of the largest uranium exploration licence holders in the Erongo Region of Namibia, a Tier-1 uranium jurisdiction and recognized supplier to global utilities.

Uranium prices headed to $200? @A_Milewski and Christian Purefoy of @TheOregonGroup chat with uranium investor Mike Beck about the price of uranium and the supply-demand dynamic that may push the price significantly higher to $200. Uranium prices are holding near multi‑year highs as the market wrestles with a structural supply deficit, underinvestment in new mines, and growing nuclear demand from life‑extensions, new builds and future SMRs. Utilities are rushing to secure long‑term uranium supply amid geopolitics, sanctions on Russian nuclear fuel, and the push for energy security in the US, Europe and Asia. That combination is tightening the global uranium market, pushing more capital toward advanced exploration and brownfield restart projects rather than unproven greenfield ideas. “In the next six months you’ll be seeing long-term contracts being signed at $150, $180, and probably in excess of $200 — because, if you look at the fundamentals, fuel represents such a small fraction of the operating costs compared to the capital costs that’s gone into building the nuclear reactors — the price elasticity is off the charts, you will pay whatever you have to pay” - Mike Beck, investor youtu.be/5eHGmh-M22M?si=_RoL…

Significant incremental demand for nuclear energy – Artificial intelligence is transforming the world, but for the nations shaping its future, one of the biggest challenges isn't technology, it's energy. Data centres and AI require significant clean and reliable base load power. Dr. Nathan Chutas, CEO of Skeleton Coast Uranium, discusses uranium's role in meeting energy demands posed by artificial intelligence, datacenters and AI infrastructure which are forecast to significantly impact energy requirements going forward. How is this energy going to be supplied? The cleanest way is forecast to be nuclear energy and that means uranium. It's no surprise then that the World Nuclear Association WNA is forecasting uranium demand to rise by more than 50% between 2031 and 2040. . Namibia, the world's 3 largest supplier of mined uranium, continues to attract significant investment and is posed to increase output to meet future demand. Checkout Skeleton Coast Uraniuim, one of the largest uranium exploration licence holders in the Erongo Region of Namibia, a Tier-1 uranium jurisdiction and recognized supplier to global utilities.

Skeleton Coast Uranium Files NI 43-101 Technical Reports for #Namibia Exclusive Prospecting Licences 8208, 9727, and 8617 EPL 8208, 9727 and 8617 are strategically located in the #ErongoRegion, adjacent to or within 10 to 25 km of one of Namibia’s 3 #uraniummines - #Rössing, #Husab, #LangerHeinrich, which produce approximately 10% of global #uranium output. Each project offers dual prospectivity for primary leucogranite-associated #uraniummineralisation analogous to the Rössing and Husab deposits, and secondary calcrete-hosted palaeochannel uranium mineralisation analogous to the Langer Heinrich deposit. Skeleton Coast Uranium is undertaking a two-phase, decision-gated #exploration programme on each EPL, with total estimated expenditures of US$975,000 to US$1,575,000. Phase 1 #exploration is nearing completion with digitisation of historical datasets identifying preliminary, high-priority #explorationtargets for both primary leucogranite-associated uranium and secondary calcrete-hosted palaeochannel uranium mineralisation. “These technical reports provide an exploration baseline for rapidly advancing Skeleton Coast Uranium’s projects. We understand that successful exploration and expansion of the uranium resource base is critical if the #mining industry is to meet the needs of a growing #nuclearreactor fleet. Skeleton Coast Uranium is committed to discovering Namibia’s next major #uraniumdeposit through systematic #geological exploration, deployment of cutting-edge #explorationtechnologies, and #investment in Namibia’s positive regulatory environment, as we seek to bring new uranium resources into the #nuclearfuel cycle”, commented Dr. Nathan Chutas, Chief Executive Officer of Skeleton Coast Uranium. Skeleton Coast Uranium $SKEL $GLIIF $KDM0 holds options to acquire controlling interests in EPLs located in the #ErongoRegion of #Namibia which produces approximately 10% of global #mineduranium output. Read the full announcement at skeletoncoasturanium.com

“#Namibia is a big player in the global #uranium market, and its got some things going for it that make it more attractive than other places” — Nathan Chutas, CEO @SkeletonCoastU EPISODE 20: Anthony Milewski and Christian Purefoy of @TheOregonGroup Oregon Group chat to Nathan Chutas, CEO and Director, of Skeleton Coast Uranium focused on discovering the next major uranium deposit in Namibia. youtu.be/No-Feczj5ak?si=o3-C…

Skeleton Coast #Uranium completed Phase I digitisation of historical data on EPLs 8208 and 9727, identifying preliminary, high-priority conceptual #exploration targets for both basement-hosted #uranium and secondary palaeochannel/calcrete-hosted #uraniummineralisation. EPL 8208 and 9727 are strategically located in the #Erongo Region of #Namibia, adjacent to or within 10 to 25 km of one of Namibia’s three uranium mines - #Rössing, #Husab, #LangerHeinrich, which produce approximately 12% of global mined uranium output. Compilation and digitisation of historical exploration data included regional geological mapping, historical exploration reports, historical regional #airbornegeophysics, historical #radiometrics and historical #geochemistry. Digitisation of the datasets for EPLs 8208 and 9727, has consolidated a comprehensive digital record of historical exploration providing valuable insights into the exploration potential of these large-scale uranium licences. Interpretation of the digitised datasets along with evidence-based (#mineral systems) prospectivity assessment, strengthens our understanding of the EPLs and provides the foundation for Skeleton Coast Uranium’s 2026-2027 exploration program. #SkeletonCoastUraniuim $SKEL $GLIIF $KDM0, is one of the largest #uraniumexploration licence holders in the #ErongoRegion of #Namibia, for more information refer to our investor presentation at skeletoncoasturanium.com

Skeleton Coast Uranium joins the #NamibianUraniumAssociation #NUA, the representative body of the Namibian #uranium industry. As the world’s demand for #electricity grows, Namibia’s #uraniumindustry has an important role to play given #nuclearenergy’s superior reliability and zero-emission #powergeneration. #NUA is the leading point of contact for government, media, stakeholders, the general public and those interested in the position and policies of the Namibian #uraniumindustry. NUA promotes industry’s adherence to #sustainable global best practice in #uraniumexploration, #mining and processing in #Namibia and compliance with the Namibian legislative framework. Namibia is the world’s 3rd largest #uraniumproducer, responsible for approx. 12% of global #mined #uraniumproduction and a recognized tier-one supplier to #globalutilities. Over the past 45 years, Namibia’s Erongo Region has produced more than 350 Mil pounds of #U3O8. #Namibia contains significant #uraniumresources including ~1.5 Bil pounds in the Measured and Indicated Resource category and ~350 Mil pounds of Inferred Resources*. Uranium resources in the #ErongoRegion, where Skeleton Coast Uranium $SKEL $GLIIF $KDM0 holds 5 exclusive prospecting licenses, occur within a north-south corridor which is approximately 200 km in length and 65 km wide. For more information on the Namibian Uranium Association please check out their website at: namibianuranium.org

Focused on Discovering Namibia’s next major uranium deposit - Skeleton Coast Uranium $SKEL $GLIIF $KDM0 holds 5 exclusive #prospecting licenses (EPLs) in the #ErongoRegion of #Namibia, which produces ~12% of world #uraniumoutput. The #Erongo Region is a Tier-1 #uranium jurisdiction containing significant resources of #U3O8 with an estimated 1.5Blb in Measured and Indicated Resource categories and ~350 in Inferred Resources (Inga Metals and Commodities, Feb 2024). Skeleton Coast Uranium’s 5 EPLs cover 610 km2 and position the company as one of the largest license holders in the Erongo Region. Four of Skeleton Coast’s 5 EPLs are located within the highly prospective #AlaskiteAlley corridor within which major uranium deposits including #Rössing, #Husab, #Etango and #Valencia are located. The 5th EPL is contiguous with the #LangerHeinrich mine and is expected to include #palaeochannel type #uraniummineralization. Recent processing and interpretation of regional airborne #radiometric data undertaken by Namibia Ministry of Industry, Mines and Energy, identified significant uranium anomalies on all five EPLs. According to the World Nuclear Association we are in a #nuclear expansion cycle with #uraniumprices and demand growth forecast to remain strong on the global build-out of #nuclearreactors. For more information on Skeleton Coast Uranium’s 2026-2027 exploration program check out our latest news release at skeletoncoasturanium.com