Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) has announced that Expert Geophysics Ltd. will conduct a final MobileMT (MMT) survey over the central and western portions of the Yath project in the Kivalliq Region of Nunavut during July. This survey aims to fill a critical gap in the company's existing MMT coverage, particularly the Central Gap Zone, which is essential for understanding the geological trend projecting northwest from the LAC 50 Uranium Deposit located on adjacent Atha Energy ground. The Central Gap Zone also encompasses several northeast-trending structures associated with known uranium mineralization at BOG, MP-25, Amy's OC, and Lucky Break. On the west side of the Yath claims, the VGR-NORM trend presents an extensive, deep-seated, clay-altered and uranium-mineralized structure that remains poorly understood.
MMT surveys targeting unconformity-style uranium systems focus on three key elements: graphitic conductor fault zones, hydrothermal alteration halos, and deep structural controls. High-grade unconformity uranium deposits globally are associated with basement fault zones enriched in graphite, which is highly conductive. Uranium-bearing acidic fluids alter surrounding sandstone or host rocks, producing conductivity highs (clay alteration) or resistivity highs (silicification). Understanding the architecture of deep structures helps identify pathways for uranium-bearing fluid migration. Integration of conductive and resistive MMT corridors with historic mapping and sampling has significantly narrowed the footprint of known targets and improved the understanding of structural orientations beneath overburden. Targets historically defined at the scale of hundreds of metres can now be constrained 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 a better understanding of structures on the VGR clay altered zones. All in all, we are pleased with the way the exploration model and drill targeting is evolving this summer.”
The announcement comes amid a strengthening uranium market in 2026, supported by a widening structural supply deficit and accelerating global demand. Spot prices have surpassed US$100/lb as mine production struggles to keep pace with reactor requirements. Demand growth is driven by the rapid expansion of AI-powered data centers and significant increases in nuclear generation capacity in China, India, and the United States. A comprehensive sector report released by Shaw and Partners in February 2026 forecasts the potential for a multi-year uranium price spike toward US$200/lb, highlighting tightening fuel contracting cycles, accelerating nuclear demand, and persistent supply shortfalls. The report notes that global nuclear capacity consumes approximately 180 million pounds of U3O8 annually, while existing mine production delivers only about 150 Mlb, with structural supply deficits potentially surpassing 200 Mlb per year in the coming decades unless new large-scale uranium projects are brought into production.
Generation Uranium also announced the grant of 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. Additionally, the company corrected a prior news release regarding finder fees, confirming an additional $1,500 payment and issuance of 21,429 finder warrants at $0.12 per share for two years, subject to a four-month hold period expiring October 16, 2026.
The Yath Project, located in Nunavut's Angilak district, is one of Canada's most active and rapidly emerging uranium camps. Historic work has reported surface samples up to 9.8% U3O8 and 1.0 m at 0.224% U3O8 from 25.5 m in drillhole BOG-8-80. With a growing portfolio of high-priority targets, Generation Uranium is well positioned to contribute to the future global supply of clean nuclear energy.
