Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) announced that Expert Geophysics Ltd. will fly a Mobile Magnetotelluric (MMT) survey over the central and western portions of the Yath Project in the Kivalliq Region, Nunavut, during July 2026. This survey aims to cover the Central Gap Zone and extend coverage to the west side of the claim block, completing the project’s MMT data set.
The Central Gap Zone is considered critical for understanding the geological trend projecting northwest from the LAC 50 Uranium Deposit, located on adjacent Atha Energy ground. This zone also encompasses several northeast-trending structures associated with known uranium mineralization at BOG, MP-25, Amy’s OC, and Lucky Break. On the western 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, targeting three key elements: 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 zones only tens of metres 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 announcement comes amid a strengthening uranium market in 2026, 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, driven by tightening fuel contracting cycles, accelerating nuclear demand from AI-powered data centers, and persistent supply shortfalls. Global nuclear capacity currently consumes about 180 million pounds of U3O8 annually, while existing mine production delivers only about 150 Mlb, creating a structural deficit that is expected to widen.
Generation Uranium also announced the grant of incentive stock options to officers and consultants for the purchase of up to 500,000 common shares at $0.08 per share for a term of two years. Additionally, a finder fee correction was made regarding a previous news release, with an extra $1,500 paid and 21,429 finder warrants issued at $0.12 per warrant.
Michael Collins, P.Geo., President, CEO and Director of Generation Uranium, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
For further information on the uranium market outlook, refer to the comprehensive report by Shaw and Partners here and the World Nuclear Association's World Nuclear Fuel Report 2025 here.
