Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) announced the filing of an independent technical report prepared in accordance with National Instrument 43-101 on its Yath Project, located in the Angilak Basin of Nunavut, Canada. The report consolidates over five decades of exploration data, highlighting the project's potential along trend from the historical Lac 50 uranium deposit, which contains 43 million pounds of U3O8 (historical estimate) and is being advanced by ATHA Energy Corp.
The Yath Project spans 17,363.60 hectares and hosts multiple advanced targets, including the VGR trend, BOG Zone, Fog & IM-6, Embryo, Lucky Break, MP-25, and Boulder Lake. Key highlights from the report include 13 historic drill holes with anomalous radiation readings, with RC11-BOG-001 returning a spot reading of 6,300 counts per second at 17.53 meters and assays of 0.37% copper and 0.12% U3O8. Clay alteration identified at the VGR target area is similar to that seen in Athabasca unconformity deposits, and historical boulder and outcrop sampling yielded grades of up to 9% U3O8. New first derivative magnetic mapping indicates structure parallel demagnetized zones related to historically defined targets.
“The Yath project benefits from more than five decades of exploration, creating a strong foundation that points to exceptional discovery potential,” said Michael Collins, President and CEO. “By bringing this information together in a clear, investor‑ready format, Generation is showcasing the true scale of opportunity at Yath. As we move into the spring exploration season, our team is applying modern geophysics, reprocessing legacy datasets, and refining targets to aggressively advance the project toward uranium discovery.”
The filing comes amid a robust uranium market in 2026, with spot prices surpassing US$100 per pound early in the year. A comprehensive sector report by Shaw and Partners forecasts a potential multi-year uranium price spike toward US$200 per pound, driven by a widening structural supply deficit and accelerating demand from AI-powered data centers and nuclear expansion in China, India, and the United States. The report highlights that global nuclear capacity consumes approximately 180 million pounds of U3O8 annually, while mine production delivers only about 150 million pounds, creating a persistent shortfall.
Generation Uranium also granted incentive stock options to an officer to purchase 200,000 common shares at $0.075 for a three-year term. The company is focused on advancing its high-quality uranium assets in premier jurisdictions, with the Yath Project positioned as a key asset in Nunavut’s Angilak district, one of Canada’s most active uranium camps.
For additional information on the Yath Uranium Project and Generation Uranium, please visit the company's website at generationuranium.com.
Michael Collins, P.Geo, a qualified person as defined by NI 43-101, has reviewed the scientific information and approved the disclosure. The company cautions that forward-looking statements involve risks and uncertainties, and actual results may differ materially. Readers are referred to the company’s continuous disclosure filings on SEDAR+ at www.sedarplus.com.
