DevEx Resources (DEV) Q4 2026 TU earnings summary

Executive summary

• Advanced district-scale uranium exploration at Nabarlek, confirming four drill-ready targets for the 2026 campaign: Big Radon, KP, Sandfire, and Nabarlek North.

• Completed acquisition of Alligator Energy's uranium tenements, consolidating the largest land position in the Alligator Rivers Uranium Province (ARUP) at 9,200km².

• Commenced a 15,000m drilling campaign post-quarter, targeting key prospects across 66 holes.

• Included as a constituent in the Sprott Junior Uranium Miners ETF (NASDAQ: URNJ) as of 18 June 2026.

Financial highlights

• Cash balance at 30 June 2026 was $27.2 million, supporting ongoing exploration and corporate activities.

• Exploration and evaluation expenditure for the quarter was $2.27 million (YTD: $7.40 million).

• Administration costs for the quarter totaled $595,223 (YTD: $2.44 million).

• Net cash used in operating activities for the quarter was $2.44 million.

• Net cash used in investing activities for the quarter was $6.72 million, primarily for acquisition and equipment.

Outlook and guidance

• Multi-year, discovery-focused exploration strategy underway at Nabarlek, with ongoing drilling and hyperspectral surveys planned.

• Sufficient funding secured for current and planned exploration activities, with estimated 11 quarters of funding available at current burn rate.

• Continued advancement of Murphy West Uranium Project, with drill permit applications lodged and heritage surveys ongoing.