Generation Uranium Files Comprehensive NI 43-101 Report on Yath Project, Highlighting Discovery Potential in Nunavut
Generation Uranium has filed a technical report on its Yath Project in Nunavut, revealing historical drilling with high-grade uranium and copper assays, advanced targets, and positioning the company to capitalize on a strengthening uranium market.
Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) announced that it has filed an independent technical report on SEDAR+ for its Yath Project in the Angilak Basin, Nunavut, Canada, prepared in accordance with National Instrument 43-101. The report consolidates over five decades of exploration data, underscoring the project's potential in a region experiencing renewed interest amid a robust uranium market.
The Yath Project, spanning 17,363.60 hectares, is located along trend from the historical Lac 50 uranium deposit, which contains 43 million pounds of U3O8, as reported by ValOre Metals Corp. in a 2013 technical report. ATHA Energy Corp, which raised $63 million this year, is advancing the adjacent Angikuni Project. The report highlights 13 historic drill holes with anomalous radiation readings, including RC11-BOG-001, which returned a spot reading of 6300 CPS at 17.53 metres, with assays of 0.37% Cu and 0.12% U3O8 between 16.8 and 18.3 metres. Additionally, historical boulder and outcrop sampling yielded grades up to 9% U3O8, and new magnetic mapping has identified demagnetized zones that correlate with known targets.
Michael Collins, President and CEO, 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 and reprocess legacy datasets during the upcoming spring exploration season.
The report's release comes at a time when the uranium market is experiencing significant strength. According to a sector report by Shaw and Partners in February 2026, uranium prices could spike toward US$200/lb, driven by a structural supply deficit and accelerating demand from AI-powered data centers and nuclear expansion in China, India, and the United States. The World Nuclear Association's reference scenario projects that global nuclear capacity could expand significantly by 2040, pushing annual uranium consumption toward 390 million pounds, while current mine production delivers only about 150 million pounds annually against consumption of 180 million pounds.
Generation Uranium also granted 200,000 incentive stock options to an officer at $0.075 per share, expiring April 23, 2029. The company's focus on the Yath Project positions it to contribute to future uranium supply, though readers are cautioned that historical estimates on adjacent properties may not be indicative of mineralization on the Yath Project. The technical report is available on SEDAR+ at www.sedarplus.com, and additional information is on the company's website at generationuranium.com.