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 for its Yath Project, located in the Angilak Basin, Nunavut, Canada. The report consolidates over five decades of exploration data, highlighting the project's potential to host significant uranium mineralization along trend from the historical Lac 50 deposit, which contains 43 million pounds of U3O8 as an inferred resource.
The Yath Project spans 17,363.60 hectares in the Yathkyed and Angikuni sub-basins of the Thelon Basin, a region that has seen renewed exploration interest. ATHA Energy Corp, which holds surrounding claims, raised $63 million this year to advance operations at the Angikuni Project. Generation's report identifies multiple 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, such as RC11-BOG-001 which returned 6300 counts per second at 17.53 meters, with assays of 0.37% copper and 0.12% U3O8 between 16.8 and 18.3 meters. Clay alteration similar to that seen in Athabasca unconformity deposits was identified at the VGR target. Additionally, historical boulder and outcrop sampling yielded grades of up to 9% U3O8. New first derivative magnetic mapping reveals structure parallel demagnetized zones related to defined targets.
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 filing comes at a time when the uranium market is experiencing a structural supply deficit. According to a report by Shaw and Partners, the market could see prices rise toward US$200/lb due to tightening fuel contracting cycles and accelerating demand from AI-powered data centers and nuclear expansion in China, India, and the United States. The World Nuclear Association projects annual uranium consumption could reach 390 million pounds by 2040, while current mine production delivers only about 150 million pounds annually.
Generation Uranium also granted incentive stock options to an officer to purchase 200,000 common shares at $0.075 per share, expiring April 23, 2029. The company's focus remains on advancing the Yath Project to contribute to future global uranium supply.
For more information, visit generationuranium.com. The full NI 43-101 report is available on SEDAR+ at www.sedarplus.com.
