Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) is advancing exploration planning for the 2026 field season at its Yath Project in Nunavut's Angilak district, integrating results from a 2024 Mobile Magnetotellurics (MMT) survey and evaluating artificial intelligence as a target ranking tool. The company awaits drill permit approval while refining historic targets to improve discovery potential.
The MMT survey, completed by Expert Geophysics, covered approximately 120 km² over 810 line kilometres, with only a small block left incomplete due to weather. 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 corridors with historic mapping and sampling has narrowed target footprints from hundreds of metres to tens of metres, improving understanding of structural orientations beneath overburden. Key targets including BOG, VGR, Embryo, FOX, and Lucky Break now show trends oblique to earlier interpretations.
Historic results at Yath include 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. The company is integrating MMT data with these results to prioritize drill targets. Additionally, Generation is evaluating several AI-driven geological service providers to enhance target ranking and improve discovery success on the data-rich project.
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.”
The uranium market in 2026 continues to strengthen, with spot prices surpassing US$100/lb as structural supply deficits widen. Demand growth is driven by AI-powered data centers and nuclear capacity expansion in China, India, and the United States. A comprehensive sector report by Shaw and Partners forecasts a potential multi-year price spike toward US$200/lb, citing tightening fuel contracting cycles and accelerating demand. Global nuclear capacity consumes approximately 180 million pounds of U3O8 annually, while mine production delivers only about 150 Mlb, underscoring the need for new projects.
Qualified Person Michael Collins, P. Geo., President, CEO and Director, has reviewed and approved the technical information in this release. Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets in premier jurisdictions, with its flagship Yath Project in Nunavut.
