Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) has 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 for uranium discovery.
The Yath Project spans 17,363.60 hectares in the Yathkyed and Angikuni sub-basins of the Thelon Basin, a region described as prolific and under-explored. It is situated along trend from the historical 43 million lbs Lac 50 uranium deposit being advanced by ATHA Energy Corp, which has raised $63 million this year for operations at the surrounding Angikuni Project. The project hosts 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. One notable result from hole RC11-BOG-001 returned a spot reading of 6,300 counts per second at 17.53 metres, with assays measuring 0.37% copper and 0.12% U3O8 between 16.8 and 18.3 metres. Clay alteration identified in drill cuttings and outcrop at the VGR target area is similar to alteration seen in Athabasca unconformity deposits, which are known for high-grade uranium. Historical boulder and outcrop sampling has yielded grades of 9% U3O8.
New first derivative magnetic mapping indicates structure parallel demagnetized zones in relation to historically defined targets, providing modern geophysical insights. The company is applying these techniques along with reprocessing legacy datasets to refine targets as it moves into the spring exploration season.
“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 of Generation Uranium. “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 announcement comes amid a strengthening uranium market. According to a sector report by Shaw and Partners released in February 2026, the uranium market is experiencing a widening structural supply deficit, with spot prices surpassing US$100 per pound early in the year. The report forecasts a potential multi-year price spike toward US$200 per pound, driven by tightening fuel contracting cycles, accelerating demand from AI-powered data centers, and significant nuclear generation expansion in China, India, and the United States. Global nuclear capacity currently consumes approximately 180 million pounds of U3O8 annually, while existing mine production delivers only about 150 million pounds. The World Nuclear Association’s reference scenario projects annual consumption could reach 390 million pounds by 2040.
In addition to the technical report, Generation Uranium announced the grant of incentive stock options to an officer of the company to purchase 200,000 common shares at a price of $0.075 for a term of three years expiring April 23, 2029.
The Yath Project's historical resource on the adjacent Angilak Property, reported by ValOre Metals Corp. in 2013, includes inferred mineral resources of 2,831,000 tonnes at an average grade of 0.69% U3O8 and 0.17% molybdenum, containing 43.3 million pounds of U3O8 and 10.4 million pounds of molybdenum. However, the company notes that a qualified person has not done sufficient work to classify this historical estimate as a current mineral resource.
The filing of the NI 43-101 report provides investors with a comprehensive overview of the Yath Project’s exploration potential, positioning Generation Uranium to capitalize on the favorable uranium market dynamics.
