Key Highlights

  • Powerhaus Uranium shares rose 9.09% to $0.180 in the 3 November 2026 trading session, while the S&P/ASX 200 gained 0.14%.
  • The company listed on the ASX after a $9 million initial public offering at $0.20 per share.
  • Field crews completed a ground radiometric survey and grab sampling over about 9 square kilometres at Terrace del Molle.

During the Trading session on 3 November 2026, Powerhaus Uranium Ltd (ASX:POW) shares rose 9.09% to $0.180. The S&P/ASX 200 (ASX:XJO) was up 0.14%, or 12.50 points, at 8,869.00 at 2:42 pm (GMT+11) on the same day. Powerhaus Uranium listed on the ASX after its initial public offering and is exploring uranium projects in Argentina and Canada. Its September 2026 quarterly activities report, dated 29 October 2026, covers the first weeks as a listed company.

Listing and acquisition

The company completed a $9 million initial public offering at $0.20 per share before listing. After the offering, it acquired a 100% interest in the Hidden Bay Project in Saskatchewan, Canada, which adds exposure to the Athabasca Basin.

Malbec project

At its flagship Malbec Project in Chubut Province, Argentina, the company is advancing planning, permitting, contractor engagement and preparation for mobilisation. A 4,000 to 5,000 metre air core drilling program is planned to test the Salamanca Formation.

Terrace del Molle sampling

After quarter end, crews completed a ground radiometric survey and grab sampling over an initial area of about 9 square kilometres at Central Malbec. Samples were taken from hand-excavated pits beneath soil cover and have been sent for laboratory assays.

Sector context

The S&P/ASX 200 gained 0.14% during the session. The report does not describe uranium market conditions.

Risks

Sampling assays are pending, and no results have yet been reported. Drilling and trenching depend on permits and contractor availability. Exploration in Argentina and Canada is subject to local approval processes.

What lies ahead

The next steps are the sampling assays, preparation for the first drilling and trenching programs, and the mobilisation of contractors.

Final Word

The company's early activity is focused on Malbec and the newly acquired Hidden Bay project.