Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) has announced that Expert Geophysics Ltd. will fly a MobileMT (MMT) survey over the central and western portions of the Yath Project in the Kivalliq Region of Nunavut during July 2026. The survey aims to cover a gap in existing MMT coverage and extend exploration on the west side of the claim block, addressing key structural zones that may host uranium mineralization.
The Central Gap Zone is considered critical for understanding the geological trend projecting northwest from the LAC 50 Uranium Deposit, located south of Yath on Atha Energy's ground (source). This zone also encompasses several northeast-trending structures associated with known uranium showings 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 targeting unconformity-style uranium systems focus on 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 the footprint of known targets and improved understanding of structural orientations beneath overburden. Targets historically defined at the scale of hundreds of metres can now be constrained 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 driven by a widening structural supply deficit and accelerating demand from AI-powered data centers and nuclear expansion in China, India, and the United States. A report by Shaw and Partners (source) forecasts a potential multi-year uranium price spike toward US$200/lb, citing tightening fuel contracting cycles and persistent supply shortfalls. Global nuclear capacity currently consumes approximately 180 million pounds of U3O8 annually, while mine production delivers only about 150 Mlb, and the World Nuclear Association projects annual consumption could reach 390 Mlb by 2040 under its reference scenario (source).
In addition, the Company 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 expiring June 30, 2028, and a correction to a prior finder fee payment. The technical information in this release has been reviewed and approved by Michael Collins, P.Geo., a Qualified Person under NI 43-101.
