Generation Uranium Signs new agreement on the Yath Extension project.

Core Viewpoint - Generation Uranium Inc. has signed an agreement to acquire the Yath Extension Property, enhancing its presence in the Angilak Uranium District of Nunavut [1][2]. Acquisition Details - The definitive purchase agreement allows Generation Uranium to acquire 100% ownership of the Yath Extension property, adding 4,123.94 hectares across five claims, bringing the total size of the Yath Project to approximately 18,214.87 hectares [2]. - The agreement reduces share payments by 6 million shares and breaks the share payments into two tranches over two years [2][10]. Geological Highlights - The Yath Extension property is underlain by Archean basement rocks of the Kaminak Group, known for uranium-copper mineralization within quartz-vein stockworks and brecciated zones [3]. - Historical mapping and sampling confirm the presence of narrow, high-grade mineralized shears and fractures [3]. Strategic Significance - This acquisition strengthens Generation's control over key structural corridors in the Yath Basin and aligns with the company's goal to advance high-priority exploration targets within a proven uranium district [6]. - CEO Mihcael Collins emphasized that the acquisition expands the company's core holdings and enhances its strategic position within Nunavut's uranium belt [7]. Historical Data - Historical Trench A averaged 0.82 lb/ton U3O8, with a peak sample returning 0.188% U3O8; Historical Trench B averaged 1.79 lb/ton U3O8, with a peak sample returning 0.52% U3O8 [7]. - A float sample exhibited 10.1% Na2O and 0.26% U, indicating a distinct sodium-rich alteration signature [7]. Transaction Summary - Vendors will receive 14 million common shares of Generation Uranium over two years in equal tranches of 7 million shares, along with a cash payment of $60,000 upon closing [10]. - A 2% Net Smelter Return (NSR) royalty will be granted as part of the transaction [10]. 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, which is one of Canada's most active emerging uranium camps [11]. - The company has a robust pipeline of high-priority exploration targets and is well-positioned to contribute to the future supply of clean nuclear energy [11].