Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) is advancing its exploration planning for the 2026 field season by integrating 2024 Mobile Magnetotellurics (MMT) survey results into historic targets and evaluating artificial intelligence as a target ranking tool. The company awaits drill permit approval.
The 2024 MMT survey, conducted by Expert Geophysics, covered approximately 120 km² of the Yath Project with 810 line kilometres, leaving only a small block incomplete due to weather. MMT surveys target unconformity-style uranium systems by identifying graphitic conductor fault zones, hydrothermal alteration halos, and deep structural controls—key elements associated with high-grade uranium deposits globally.
Integration of conductive and resistive MMT corridors with historic mapping and sampling has narrowed target footprints from hundreds of metres to tens of metres wide. This refined orientation benefits key targets including BOG, VGR, Embryo, FOX, and Lucky Break, revealing trends oblique to earlier interpretations. The company is advancing toward drill-ready targets by combining MMT data with historic results, such as surface samples up to 9.8% U3O8 at the Embryo target and 1.0 m at 0.224% U3O8 from 25.5 m in drillhole BOG-8-80.
CEO Michael Collins noted: “The MMT data represents a major leap forward for buried uranium targeting. This exploration concept has already been validated by Atha Energy’s five new discoveries in 2025 on their Angilak Project to the south. Generation has a real opportunity to shorten the discovery cycle at Yath while maximizing exploration dollars and drilling effectiveness.”
Generation is also engaging AI-driven geological service providers to enhance target ranking. The company recognizes the substantial volume of historic and modern data at Yath and aims to improve discovery success through advanced analysis.
The uranium market in 2026 continues to strengthen, with spot prices surpassing US$100/lb and long-term contracts above spot. A Shaw and Partners report forecasts potential for a multi-year price spike toward US$200/lb, citing tightening supply and accelerating demand from AI data centers and nuclear expansion in China, India, and the U.S. Global nuclear capacity consumes approximately 180 million pounds of U3O8 annually, while mine production delivers only about 150 Mlb, creating a structural deficit that could exceed 200 Mlb per year unless new projects are brought online.
Qualified Person Michael Collins, P. Geo., President, CEO, and Director, has reviewed and approved the technical content of this release.
For more information, refer to the original press release at NewMediaWire and the Atha Energy announcement at Atha Energy.
