Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) provided an update on exploration planning for the 2026 field season, focusing on integrating the 2024 Mobile Magnetotellurics (MMT) survey results with historic targets and evaluating artificial intelligence for target ranking. The Company is awaiting approval of its drill permit and preparing for the upcoming field program.
The 2024–2025 MMT survey, completed by Expert Geophysics, covered approximately 810 line kilometres over 120 km² of the Yath Project in Nunavut's Angilak district. MMT surveys targeting unconformity-style uranium deposits focus on 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, constraining zones from hundreds of metres to tens of metres wide. The data refined the orientation of key targets including BOG, VGR, Embryo, FOX, and Lucky Break, revealing oblique trends to earlier interpretations.
Historic results include 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. The Company continues to integrate the MMT dataset to advance drill-ready targets.
To enhance target ranking, Generation has engaged several AI-driven geological service providers to evaluate advanced target analysis. 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.”
The uranium market in 2026 remains strong, with spot prices above US$100/lb and a structural supply deficit driven by AI-powered data centers and growing nuclear capacity in China, India, and the United States. A report by Shaw and Partners forecasts a potential price spike toward US$200/lb, highlighting tightening fuel contracting cycles and accelerating demand. Global nuclear capacity consumes about 180 Mlb U3O8 annually, while mine production delivers only 150 Mlb, with the World Nuclear Association projecting consumption could reach 390 Mlb by 2040.
Generation Uranium is positioned to capitalize on this environment with its Yath Project in one of Canada's most active uranium camps. The Company's approach integrates modern geophysics with historic data and emerging AI technologies to de-risk exploration and improve discovery success.
