TSX Shariah screener · October 2026
Is Purepoint Uranium Group Inc. (PTU) Halal?
Purepoint Uranium Group Inc. · TSXV: PTU · Materials
The short answer
Purepoint Uranium Group Inc. (TSXV: PTU) is a FAIL in our October 2026 screen. The business gate passes (uranium exploration in Saskatchewan's Athabasca Basin; JVs operated with Cameco, Orano and IsoEnergy). The debt gate passes: lease liabilities of C$370,643 at June 30, 2026 are about 1.5% of the ~C$24.2M market cap (79,376,109 shares at C$0.305, the September 30, 2026 close). But the income gate fails: interest income of C$42,794 in H1 2026 is ~8.5% of total income (~C$502,845, interest plus operator fees and other recoveries), over the 5% ceiling. The company has no revenue.
Gate 1 — Business activity: PASS
Purepoint Uranium is an exploration-stage company with uranium properties in Saskatchewan's Athabasca Basin — the flagship Hook Lake project (9 claims, 28,598 hectares) plus Smart Lake, Red Willow, Turnor Lake, Henday, Umfreville, Carson Lake, Russell South and Tabbernor, with joint ventures operated alongside Cameco, Orano and IsoEnergy. Uranium mining exploration is a permissible business; no alcohol, pork, gambling, conventional finance, tobacco, cannabis or weapons-manufacturing lines. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
At June 30, 2026 the company reported lease liabilities of C$370,643 (current C$89,153 + long-term C$281,490) and no other borrowings — about 1.5% of the ~C$24.2M market cap (79,376,109 shares at C$0.305, the September 30, 2026 close). Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: FAIL
In H1 2026 (six months ended June 30, 2026) the company reported interest income of C$42,794 against total income of ~C$502,845 (interest income plus C$460,051 of operator fees and other recoveries) — about 8.5%, over the 5% ceiling. The company has no revenue. Gate 3 fails. Facts only.
Key figures used
- Interest-bearing debt (lease liabilities) C$370,643 at Jun 30, 2026 → 1.5% of ~C$24.2M market cap.
- 79,376,109 shares outstanding (Jun 30, 2026); Sep 30, 2026 close C$0.305.
- Interest income C$42,794 H1 2026 = ~8.5% of total income (~C$502,845 incl. operator fees and other recoveries).
- H1 2026: net loss C$4.0M; cash C$2.2M; working capital C$2.1M; no revenue.
- Hook Lake flagship (9 claims, 28,598 ha) + JVs with Cameco, Orano, IsoEnergy; listed TSX-V.
- No Zoya, Musaffa or ShariaPortfolio rating found for PTU.
Frequently asked questions
Is Purepoint Uranium (PTU) halal?
Our October 2026 screen gives Purepoint Uranium (PTU) a FAIL. Gates 1 and 2 pass - the business is uranium exploration in the Athabasca Basin (permissible), and lease liabilities of C$0.37M are about 1.5% of the ~C$24.2M market cap. But gate 3 fails: in H1 2026 the company earned C$42,794 of interest income against total income of ~C$502,845 (interest plus operator fees and other recoveries) - about 8.5%, over the 5% ceiling. No Musaffa/Zoya/ShariaPortfolio rating was found.
Why did Purepoint Uranium pass the debt gate?
At June 30, 2026 the company reported lease liabilities of C$370,643 and no other borrowings - about 1.5% of the ~C$24.2M market cap (79,376,109 shares at C$0.305, the September 30, 2026 close). Gate 2 passes.
What does Purepoint Uranium do?
Purepoint Uranium is an exploration-stage company with uranium properties in Saskatchewan's Athabasca Basin, including the flagship Hook Lake project (9 claims, 28,598 hectares) and joint ventures operated with Cameco, Orano and IsoEnergy. Mining exploration is a permissible business.
Does Purepoint Uranium earn interest income?
In H1 2026 (six months ended June 30, 2026), Purepoint reported interest income of C$42,794 against total income of ~C$502,845 (interest income plus C$460,051 of operator fees and other recoveries) - about 8.5%, over the 5% ceiling. Gate 3 fails. The company has no revenue.
Where can I find more uranium stock screeners?
See our full list of stock screeners at halal-stock-verdicts.html, which covers every company screened so far.
Sources
- Purepoint Uranium condensed interim FS H1 2026 (lease liabilities C$370,643; interest income C$42,794; operator fees & recoveries C$460,051; 79,376,109 shares)
- PTU previous close C$0.305 (Finnhub)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.