Xcite Resources announces the addition of seven new dispositions acquired by staking in the Uranium City area, expanding the Don Lake–Smitty and Beaver River projects significantly.
Vancouver, British Columbia, February 19, 2026 – Xcite Resources Inc. (CSE: XRI) (“XRI”, “Xcite” or the “Company”) is pleased to announce the inclusion of seven dispositions recently acquired by staking in the Uranium City area, northern Saskatchewan by Eagle Plain. The dispositions fall within an Area of Mutual Interest (“AMI”) and as such, will become included in the Don Lake, Smitty and Beaver River projects respectively. The Don Lake – Smitty projects are now contiguous with an additional 2,649 ha of claims bringing the total area to 4,055 ha. The Beaver River project has added 1,578 ha, for a total of 3,033 ha.
The Uranium City projects are included in a formal Exploration Agreement between Eagle Plains and the Ya’thi Néné Lands and Resource Office (“YNLR”), representing the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, the Northern Hamlet of Stony Rapids, and the Northern Settlements of Uranium City, Wollaston Lake and Camsell Portage.
The new tenures at the Don Lake – Smitty area cover 14 SMDI uranium occurrences, including the past-producing Beta Gamma mine and two mineralized zones that have been bulk sampled. Mineralization at Don Lake – Smitty is described as Beaverlodge type, with structurally controlled, high-grade mineralization in veins and breccia-fills within basement rocks. Mineralization often occurs at geological contacts and consists of structures filled with hematite, chlorite and graphite associated with pitchblende (an ore mineral of uranium).
Eagle Plains has made applications with the Saskatchewan Ministry of Environment for Class 2 Exploration Permits for each of the Uranium City projects. The permits include provisions for ground-based geophysics, temporary work camps and diamond drilling.
The final deliverables from the 2025 Geotech Airborne Geophysical Surveys VTEM Plus survey have been received. A total of 697 line km of survey was completed. The data has been sent to Condor Consulting Inc. for modelling and interpretation, and the results will be used to refine drill targets and to identify areas for ground truthing.
About the Beaverlodge District
The Beaver River, Black Bay, Don Lake, Gulch, Lorado, and Smitty projects are located in the Beaverlodge District near Uranium City in the Lake Athabasca region of Saskatchewan. The Beaverlodge camp was the first uranium producer in Canada, with historic production of approximately 70.25 million pounds of U₃O₈ between 1950–1982, from ore grades averaging 0.23% U₃O₈.