Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) announced that Expert Geophysics Ltd. will fly a MobileMT (MMT) survey over the central and western parts of the Company's Yath Project in the Kivalliq Region, Nunavut, during July 2026. The survey aims to cover the gap in existing MMT coverage and expand understanding on the west side of the claim block.
The Central Gap Zone is considered critical for interpreting the geological trend projecting northwest from the LAC 50 Uranium Deposit, located to the south on Atha Energy's ground. This zone also includes several northeast-trending structures associated with known uranium mineralization at BOG, MP-25, Amy's OC, and Lucky Break. On the west side, the VGR-NORM trend presents an extensive, deep-seated, clay-altered and uranium-mineralized structure that remains poorly understood.
MMT surveys are particularly effective for unconformity-style uranium systems as they detect three key elements: graphitic conductor fault zones, which are highly conductive; hydrothermal alteration halos from uranium-bearing fluids that produce conductivity or resistivity anomalies; and deep structural controls that guide fluid migration. Integration of MMT data with historic mapping and sampling has significantly narrowed target footprints from hundreds of meters to tens of meters wide.
CEO Michael Collins stated: “Generation Uranium is pleased to see the final MMT package being flown through the middle and west side of the Yath Project. We view this as a critical piece of the puzzle that will illuminate how the North-East and North-West structures interact as they converge in the center of the Yath claims, and a better understanding of structures on the VGR clay altered zones.”
The company also announced the grant of incentive stock options to officers and consultants to purchase up to 500,000 common shares at $0.08 for two years, and a correction to a prior finder’s fee payment. The uranium market in 2026 remains strong, with spot prices above US$100/lb and a structural supply deficit. A report by Shaw and Partners forecasts a potential price spike toward US$200/lb, driven by rising demand from AI data centers and nuclear expansion in China, India, and the U.S. Global uranium consumption is about 180 million pounds annually, while mine production delivers only 150 Mlb, highlighting the need for new discoveries.
Generation Uranium’s Yath Project, located in Nunavut’s Angilak district, has historic surface samples up to 9.8% U3O8 and drill intercepts of 1.0 m at 0.224% U3O8. The company is well positioned to contribute to future uranium supply. For more information, visit the company’s website or contact Michael Collins at +1(778) 819-7881.
Qualified Person Michael Collins, P. Geo., has reviewed the technical information. The TSX Venture Exchange does not accept responsibility for the adequacy of this release.
