Generation Uranium Expands Yath Project with Strategic Property Acquisition

Core Insights - Generation Uranium Inc. has acquired the Yath Extension Property, enhancing its presence in the Angilak Uranium District of Nunavut [1][2] - The acquisition adds 4,123.94 hectares, bringing the total size of the Yath Project to approximately 18,214.87 hectares [2] - The Yath Extension property is underlain by Archean basement rocks known for uranium-copper mineralization, with historical evidence of high-grade mineralized shears and fractures [3] Geological Highlights - The Yath Extension property features quartz-vein stockworks and brecciated zones, indicating potential for high-grade mineralization [3] - Significant mineralization includes calcite, pitchblende, hematite, pyrite, and chalcopyrite, with notable samples showing 0.188% U₃O₈ and 0.52% U₃O₈ [7] - A float sample exhibited a sodium-rich alteration signature, indicating further exploration potential [7] Strategic Significance - The acquisition strengthens Generation's control over key structural corridors in the Yath Basin, aligning with its goal to advance high-priority exploration targets [6] - CEO Chris Huggins emphasized that the acquisition expands the Yath Project and enhances the company's strategic position within Nunavut's uranium belt [7] Transaction Summary - The vendors will receive 20,000,000 common shares and a cash payment of $60,000 upon closing, along with a 2% Net Smelter Return royalty [12] - The completion of the transaction is subject to TSX Venture Exchange approval and applicable resale restrictions [12] Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project in Nunavut's Angilak district [9] - The company is positioned to contribute to the future supply of clean nuclear energy through its robust pipeline of high-priority exploration targets [9]