Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) is advancing its exploration planning for the 2026 field season at the Yath Project in Nunavut's Angilak district. As the Company awaits approval of its drill permit, it is integrating the results of the 2024 Mobile Magnetotellurics (MMT) survey and evaluating artificial intelligence as a target ranking and optimization tool.
The MMT survey, completed by Expert Geophysics, covered approximately 120 km² with 810 line kilometres, leaving only a small block incomplete due to weather. MMT surveys target 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 target footprints from hundreds of metres to tens of metres wide. The data refined orientations of key targets including BOG, VGR, Embryo, FOX, and Lucky Break, revealing oblique trends to earlier interpretations.
The Company continues to integrate MMT data with historic results, such as surface samples grading 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 advances definition and prioritization of the most prospective drill targets. Additionally, Generation is engaging several AI-driven geological service providers to evaluate which group best supports advanced target analysis, recognizing the substantial volume of historic and modern data at Yath.
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.” (Mineralization on adjacent property is not necessarily indicative of mineralization on Generation’s property.)
The uranium market in 2026 continues to strengthen, with spot prices surpassing US$100/lb early in the year, driven by a structural supply deficit and accelerating demand from AI-powered data centers and nuclear expansion in China, India, and the United States. A comprehensive sector report by Shaw and Partners in February 2026 forecasts a potential multi-year price spike toward US$200/lb, highlighting tightening fuel contracting cycles and persistent supply shortfalls. Global nuclear capacity consumes approximately 180 million pounds (Mlb) of U3O8 annually, while mine production delivers only about 150 Mlb. The World Nuclear Association’s reference scenario projects global nuclear capacity could push annual uranium consumption toward 390 Mlb by 2040. Shaw and Partners modelling indicates new mine supply requirements this decade could exceed 350 Mlb, with structural supply deficits surpassing 200 Mlb per year in coming decades unless new large-scale projects are brought into production.
Michael Collins, P. Geo., President, CEO and Director of Generation Uranium, and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this release.
