Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) is advancing exploration planning for the 2026 field season by integrating 2024 Mobile Magnetotellurics (MMT) survey results with historic data and evaluating artificial intelligence as a target ranking tool. The company is awaiting approval of its drill permit and preparing for the upcoming field program, with a focus on refining and recalibrating historic targets.
The 2024–2025 MMT survey, conducted by Expert Geophysics, covered approximately 810 line kilometers over 120 km² of the Yath Project. The survey targets unconformity-style uranium systems by identifying graphitic conductor fault zones, hydrothermal alteration halos, and deep structural controls. Integration of conductive and resistive MMT corridors with historic mapping and sampling has significantly narrowed the footprint of known targets. Targets historically defined at the scale of hundreds of meters can now be constrained to zones only tens of meters wide. The MMT data has refined the interpreted orientation of key uranium targets, including BOG, VGR, Embryo, FOX, and Lucky Break, revealing that conductive and resistive trends are oblique to earlier interpretations.
Generation continues to integrate the MMT dataset with historic results, including surface samples up to 9.8% U3O8 at the Embryo target and 1.0 m at 0.224% U3O8 from 25.5 m in drillhole BOG-8-80. This work is advancing the definition and prioritization of the most prospective drill targets. CEO Michael Collins stated, 'The MMT data represents a major leap forward for buried uranium targeting. This exploration concept has already been validated by Atha Energy’s five new discoveries in 2025 on their Angilak Project to the south. Generation has a real opportunity to shorten the discovery cycle at Yath while maximizing exploration dollars and drilling effectiveness.'
In addition to MMT integration, Generation is evaluating several AI-driven geological service providers to enhance target ranking and improve discovery success, given the substantial volume of historic and modern data at Yath. The company aims to use AI as an additional optimization tool to further refine drill targets.
The uranium market in 2026 continues to strengthen, with spot prices surpassing US$100/lb and long-term contract prices moving above spot. A comprehensive sector report by Shaw and Partners forecasts a potential multi-year uranium price spike toward US$200/lb, citing tightening fuel contracting cycles, accelerating nuclear demand, and persistent supply shortfalls. Global nuclear capacity currently consumes approximately 180 million pounds of U3O8 annually, while existing mine production delivers only about 150 Mlb, highlighting a structural supply deficit. New mine supply requirements this decade could exceed 350 Mlb, and structural supply deficits could surpass 200 Mlb per year in the coming decades unless new large-scale uranium projects are brought into production.
Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets in premier jurisdictions, with its flagship Yath Project located in Nunavut’s Angilak district. The company is well positioned to make discoveries that contribute to the global supply of clean nuclear energy.
