Geiger Makes Second Grassroots Uranium Discovery at Aberdeen: First Hole at Apollo Target Extends the Kiggavik Trend

Geiger Energy Corporation (BEEP) announced a second grassroots uranium discovery at its Aberdeen Project in the Thelon Basin of Nunavut. The announcement centers on drill hole APL26-001, the first hole ever drilled at the Apollo target. The hole intersected approximately 16 metres of elevated radioactivity in two principal zones at depths of 206–210 m and 216–228 m.

Elevated radioactivity also begins at approximately 68 m and recurs down the hole, which reached a total depth of 384 m. Radioactivity is reported only in counts per second (cps), not uranium grade. The principal zones largely exceed 80 cps, with intervals above 200 cps and locally greater than 400 cps. Mineralization is hosted in intensely clay-altered, bleached and hematized breccias with disseminated and blebby uranium mineralization.

Apollo sits on the Andrew Lake Fault, the structure associated with Orano’s Kiggavik-area deposits, and is located about 10 km southwest of the Fox discovery. Apollo comprises three gravity-low anomalies over about 3.7 km; only the central anomaly has been tested. Follow-up drilling at Apollo and Fox is stated as the immediate priority.

Geiger Energy Corporation (BEEP) announced a second radiometric uranium occurrence in a new drill hole at a separate target on the Andrew Lake Fault, approximately 10 km from the Fox zone. This discovery supports the company’s targeting model and extends the perceived footprint of the Aberdeen district.

The Fox announcement on September 1 briefly moved the stock from about C$0.20 to C$0.23, but by September 11 the stock had returned to C$0.20. Apollo is a weaker radiometric result than Fox in both apparent thickness and peak cps, meaning it would not have cleared the anchor even if Fox had been embedded.

As a new zone, the result is incremental validation rather than a transformational discovery. It does not establish a mineral resource, nor does it prove grade, continuity, or scale. Genuine materiality only arrives if follow-up assays confirm meaningful U3O8 grade over true width.

Geiger Energy Corporation, listed on the TSXV under BEEP and OTCQB under BSENF, is a pre-revenue uranium exploration company. It controls approximately 95,519 hectares at the Aberdeen Project in Nunavut’s Thelon Basin and approximately 338,000 hectares in Saskatchewan’s Athabasca Basin. The Aberdeen property hosts multiple targets, including Tatiggaq, Qavvik, Loki, Fox, and Apollo. Additionally, the Hook property contains the ACKIO near-surface uranium discovery, which features at least nine pods, along with the TT and TAB targets. There are no reported mineral resources or reserves on Geiger’s properties.

For the first quarter of 2026, the company reported a net loss of C$2.31 million. As of March 31, 2026, cash holdings stood at C$5.58 million, with total equity at C$2.58 million. A C$7.62 million equity offering closed in May 2026, comprising units, flow-through units, and flow-through shares.