Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) announced Wednesday the filing of an independent technical report prepared in accordance with National Instrument 43-101 on its Yath Project in the Angilak Basin, Nunavut, Canada. The report consolidates over five decades of exploration data and identifies multiple advanced targets, underscoring the project's discovery potential in one of Canada's most active uranium camps.
The Yath Project spans more than 17,363.60 hectares in the Yathkyed and Angikuni sub-basins of the Thelon Basin. It is situated along trend from the historical Lac 50 uranium deposit, which contains an inferred 43.3 million pounds of U3O8, as reported by ValOre Metals Corp. in a 2013 technical report. The adjacent Angikuni Project, operated by ATHA Energy Corp—which raised $63 million this year—surrounds the Yath Project, highlighting the region's exploration momentum.
Key highlights from the report include 13 historic drill holes with anomalous radiation readings. Drill hole RC11-BOG-001 returned a spot reading of 6,300 counts per second at 17.53 metres, with assays of 0.37% copper and 0.12% U3O8 between 16.8 and 18.3 metres. Clay alteration identified at the VGR target area resembles alteration seen in Athabasca unconformity deposits, a key indicator for high-grade uranium. Historical boulder and outcrop sampling returned grades as high as 9% U3O8, suggesting significant surface mineralization.
New first-derivative magnetic mapping reveals structure-parallel demagnetized zones in relation to historically defined targets, providing modern geophysical evidence to refine drilling targets. The company plans to apply advanced geophysics, reprocess legacy datasets, and refine targets to aggressively advance the project toward uranium discovery as the spring exploration season begins.
“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, CEO, and Director of Generation Uranium. “By bringing this information together in a clear, investor‑ready format, Generation is showcasing the true scale of opportunity at Yath.”
The filing comes amid a robust uranium market. According to a February 2026 report by Shaw and Partners, the uranium market could see a multi-year price spike toward US$200 per pound, driven by a structural supply deficit and accelerating demand from AI-powered data centers and expanding nuclear capacity in China, India, and the United States. Global nuclear capacity currently consumes about 180 million pounds of U3O8 annually, while mine production delivers only 150 million pounds, creating a persistent shortfall. The World Nuclear Association projects annual consumption could reach 390 million pounds by 2040.
Generation Uranium also announced the grant of incentive stock options to an officer to purchase 200,000 common shares at $0.075 per share for a three-year term. The company's flagship Yath Project is positioned in a district that has attracted significant investment and is considered one of Canada's most promising emerging uranium camps.
For further details on the Yath Project and Generation Uranium, visit the company's website at generationuranium.com. The full technical report is available on SEDAR+ at www.sedarplus.com.
