Vancouver, British Columbia – October 24, 2025 – TheNewswire - Generation Uranium Inc. (TSXV: GEN) (the “Company”) or “Generation” wishes to clarify the disclosure in its news release dated October 17, 2025, announcing the closing of the second and final tranche of its non-brokered private placement (the “Offering”).In connection with the Offering a finder’s fee was paid in the first tranche to Haywood Securities Inc., consisting of $1,200, and 24,000 broker warrants. For the second tranche, Generation paid ...

Core Insights - NuScale Power and Nano Nuclear Energy are key players in the small modular reactor (SMR) and microreactor market, focusing on next-gen clean nuclear energy solutions [1][2] - The global SMR market is projected to grow from $5.81 billion in 2024 to $8.37 billion by 2032, with a CAGR of 4.98% from 2025 to 2032, indicating significant growth opportunities for both companies [2] Group 1: NuScale Power - NuScale Power is advancing in SMR technology and has an expanding partner base, positioning itself as a leader in sustainable, carbon-free energy [4] - The company has made significant progress in manufacturing and commercializing its SMR technology, with key partnerships enhancing its market position [5] - A landmark agreement with the Tennessee Valley Authority will deploy up to 6 gigawatts of its NRC-approved SMR technology, marking the largest SMR program in U.S. history [6] Group 2: Nano Nuclear Energy - Nano Nuclear Energy is well-positioned to meet the demand for clean, reliable, and zero-emission energy solutions in the advanced nuclear sector [7] - The company has entered a 10-year Cooperative Research and Development Agreement with Idaho National Laboratory to advance its microreactor technologies [8] - NNE is progressing with licensing for its KRONOS microreactor in the U.S. and Canada, enhancing its presence in the North American microreactor market [9] Group 3: Stock Performance and Valuation - Year-to-date, NuScale Power's shares have appreciated by 91.4%, while Nano Nuclear Energy's shares have increased by 26.3% [10] - Both companies' shares are currently considered overvalued, with NuScale Power trading at a Price/Book ratio of 19.58X and Nano Nuclear Energy at 5.77X [15] - For 2025, the Zacks Consensus Estimate predicts a loss of 46 cents per share for NuScale Power and a loss of $1.20 per share for Nano Nuclear Energy [17] Group 4: Conclusion - NuScale Power is ahead in commercialization, while Nano Nuclear Energy's focus on microreactors and strong research partnerships may provide greater long-term upside [18] - Despite its technological advantages, NuScale Power faces challenges in a competitive energy market, including the rise of renewable energy sources [19]

Core Insights - Generation Uranium Inc. has identified seventeen high-priority exploration targets at its 100%-owned Yath Uranium Project in Nunavut, indicating significant potential for new discoveries in a proven uranium belt [1][4][8] Company Overview - Generation Uranium Inc. is a Canadian uranium exploration company focused on advancing its Yath Uranium Project, strategically located in Nunavut's Angilak district, which is recognized as one of Canada's most active emerging uranium exploration camps [2][7] Exploration and Survey Details - The Yath Project covers a total area of 123 km² and has undergone a large-scale airborne Mobile MagnetoTellurics (MMT) survey, which included approximately 890 line-km of data collection at 150-meter spacing [4][5] - The survey was conducted in collaboration with a neighboring operator to achieve cost efficiencies and is expected to refine and prioritize drill-ready targets [4][5] Target Highlights - The identified targets include areas with significant radioactivity and historical high-grade uranium assays, such as: - VGR Trend, characterized by a 5-kilometer mineralized corridor with pervasive alteration and traceable radioactive structures [7] - Embryo Creek, with historical grab samples assaying up to 9.81% U₃O₈, indicating robust polymetallic potential [7] - Additional zones showing significant radioactivity, often exceeding 10,000 counts per second (cps) [7]