Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) announced that Expert Geophysics Ltd. will conduct a MobileMT (MMT) survey over the central and western portions of the Yath uranium project in Nunavut's Kivalliq region during July. The survey aims to cover a gap in existing MMT coverage and extend understanding of mineralized structures on the west side of the claim block.
The Central Gap Zone is considered critical for interpreting the geological trend projecting northwest from the LAC 50 Uranium Deposit, located on adjacent ground held by Atha Energy. This zone also encompasses several northeast-trending structures linked to known uranium mineralization at BOG, MP-25, Amy's OC, and Lucky Break. On the western claims, the VGR-NORM trend presents an extensive, deep-seated, clay-altered and uranium-mineralized structure that remains poorly understood. The company notes that mineralization on adjacent properties is not necessarily indicative of mineralization on its own property.
MMT surveys targeting unconformity-style uranium systems focus on three key elements: graphitic conductor fault zones, which are highly conductive and associated with high-grade deposits; hydrothermal alteration halos, where uranium-bearing fluids alter host rocks to produce conductivity or resistivity anomalies; and deep structural controls that help identify pathways for uranium-bearing fluid migration. Integration of these conductive and resistive corridors with historic mapping and sampling has significantly narrowed target footprints, reducing them from hundreds of metres wide to zones only tens of metres wide.
CEO Michael Collins stated: “Generation Uranium is pleased to see the final MMT package being flown through the middle and west side of the Yath Project. We view this as a critical piece of the puzzle that will illuminate how the North-East and North-West structures interact as they converge in the center of the Yath claims, and provide a better understanding of structures on the VGR clay altered zones.”
The announcement comes as the uranium market strengthens in 2026, with spot prices surpassing US$100 per pound early in the year. Demand growth is driven by AI-powered data centers and increased nuclear generation capacity in China, India, and the United States. A comprehensive sector report by Shaw and Partners in February 2026 forecasts a potential multi-year uranium price spike toward US$200 per pound, citing tightening fuel contracting cycles, accelerating demand, and persistent supply shortfalls. Global nuclear capacity consumes approximately 180 million pounds of U3O8 annually, while mine production delivers only about 150 million pounds, creating a structural deficit that could exceed 200 million pounds per year in coming decades unless new large-scale projects are developed.
In conjunction with the survey news, Generation Uranium granted incentive stock options to officers and consultants to purchase up to 500,000 common shares at $0.08 for a term of two years, expiring June 30, 2028. The company also corrected a finder fee disclosure from its June 15, 2026 news release, noting it paid an additional $1,500 and issued 21,429 finder warrants at $0.12 per share for two years, expiring June 15, 2028.
Michael Collins, P.Geo., President, CEO, and Director of Generation Uranium, serves as the Qualified Person under National Instrument 43-101 and has reviewed the scientific and technical information in this release.
For further details, refer to the original announcement at NewMediaWire.
