Generation Uranium identifies 17 targets at Yath

Executive Summary

• Generation Uranium identified 17 high‑priority exploration targets across its 100 % owned Yath uranium project in Nunavut’s Angilak district.
• The company completed a large‑scale airborne magnetotellurics (MMT) survey covering the entire 123 km² project, gathering ~890 line‑km of high‑resolution data.
• Results from the MMT survey are being integrated with historic geophysical, geochemical and drilling data to prioritize drill‑ready targets, with interpretations slated for release in the near term.

Key Details

• Target Portfolio: 17 new high‑priority targets including:
• VGR trend – a 5 km mineralized corridor along a reactivated basement fault with >3 km of alteration, sulfides and radioactive structures.
• Embryo Creek – historic grab samples up to 9.81 % U₃O₈, accompanied by copper, molybdenum and silver anomalies.
• Lucky Break – pitchblende and polymetallic sulfide mineralization in shallow sub‑crop beneath till, ~11 km from Lac Cinquante.
• Additional zones (Nest, BA‑BB, Bog, IM‑6, Boulder Lake, Amy’s OC, etc.) showing radioactivity often >10,000 cps or supportive surface assays.
• Geophysical Survey:
• Conducted by Expert Geophysics Ltd., completed August 22 2024.
• Airborne mobile magnetotellurics (MMT) over the full 123 km² area; ~890 line‑km at 150 m spacing.
• Collected magnetic, very‑low‑frequency and electromagnetic data; performed in collaboration with a neighboring operator for cost efficiencies.
• Data Integration & Next Steps:
• Generation is reviewing MMT results alongside historic datasets to refine drill‑ready targets.
• Company expects to release interpreted MMT data “in the near term” as part of its discovery‑driven program.
• Qualified Person: Derrick Strickland, non‑independent qualified person (NI 43‑101), reviewed and approved all scientific and technical information.

Notable Quotes

“The Yath project provides direct leverage to one of Canada’s most prospective uranium districts and the identification of 17 robust target areas across the company’s land position underscores the potential for new discoveries in a proven uranium belt.” – Chris Huggins, CEO, Generation Uranium Inc.