ATHA Energy Initiates Ongoing Site Mobilization in Advance Of 2026 Angilak Exploration Program - Exploration Activities Commencing in April

Core Insights - ATHA Energy has initiated ongoing site mobilization for its 2026 Angilak Exploration Program, which is set to commence in April [2][3] - The mobilization includes the delivery of a third diamond drill and is fully funded by a CAD $63 million financing completed in February, positioning ATHA as one of the best-capitalized uranium exploration companies globally [2][3] - The 2026 program will be the largest to date at the Angilak Uranium Project, building on the successes of the 2024 and 2025 campaigns [2][4] Exploration Program Details - The 2024 campaign focused on expanding the mineralizing footprint along the Lac 50 Deposit Corridor, leading to the release of the 2024 Exploration Target [2] - The 2025 program tested regional prospectivity within the Angikuni Basin, resulting in the discovery of five new uranium showings, including RIB North, which had a maiden hole intersecting 34.7 meters of composite uranium mineralization with grades up to 8.16% U3O8 over 0.5 meters [2][4] - Exploration activities, including diamond drilling, are anticipated to begin in the latter part of April [2][4] Company Overview - ATHA Energy is focused on advancing exploration at its flagship Angilak Project in southern Nunavut, controlling 100% of the Angikuni Basin [8] - The company has significant exposure to uranium discovery, with the largest cumulative prospective exploration land package of 6.8 million acres across prominent basins in Canada [8] - ATHA is institutionally backed, with a strategic investment from Queens Road Capital Investment [8]