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, including 13 historical drill holes with anomalous radiation readings, clay alteration similar to Athabasca unconformity deposits, and boulder samples grading up to 9% U3O8.
The Yath Project spans 17,363.60 hectares in the Yathkyed and Angikuni sub-basins of the Thelon Basin. It lies 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. Key targets include the VGR trend, BOG Zone, Fog & IM-6, Embryo, Lucky Break, MP-25, and Boulder Lake.
Michael Collins, President and CEO of Generation Uranium, stated: “The Yath project benefits from more than five decades of exploration, creating a strong foundation that points to exceptional discovery potential. By bringing this information together in a clear, investor‑ready format, Generation is showcasing the true scale of opportunity at Yath.” The company plans to apply modern geophysics, reprocess legacy datasets, and refine targets during the spring exploration season.
The report highlights that drill hole RC11-BOG-001 returned a spot reading of 6300 CPS at 17.53 metres, with assays measuring 0.37% Cu and 0.12% U3O8 between 16.8 and 18.3 metres. Additionally, new first derivative magnetic mapping indicates structure parallel demagnetized zones related to historically defined targets, enhancing the potential for unconformity-type uranium deposits.
The filing comes at a time when the uranium market is experiencing strong fundamentals. According to a comprehensive sector report by Shaw and Partners released in February 2026, the market could see a multi-year price spike toward US$200/lb, driven by tightening fuel contracting cycles, accelerating nuclear demand from AI-powered data centers, and persistent supply shortfalls. Global nuclear capacity currently consumes about 180 million pounds of U3O8 annually, while mine production delivers only about 150 Mlb. The World Nuclear Association’s reference scenario projects that capacity could expand significantly by 2040, pushing annual consumption toward 390 Mlb.
Generation Uranium also granted incentive stock options to an officer to purchase 200,000 common shares at $0.075 for three years. The company is focused on advancing high-quality uranium assets in premier jurisdictions, with the Yath Project positioned in one of Canada’s most active uranium camps.
The historical mineral resource estimate for the adjacent Angilak Property, reported by ValOre Metals Corp. in 2013, outlined inferred resources of 2,831,000 tonnes at 0.69% U3O8 and 0.17% molybdenum, containing 43.3 million pounds of U3O8. However, a qualified person has not done sufficient work to classify this as a current mineral resource, and it is not treated as such. Information on adjacent projects may not be indicative of mineralization on the Yath Project.
For additional information, visit generationuranium.com. The full report is available on SEDAR+ at www.sedarplus.com.
