Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) announced that Expert Geophysics Ltd. will fly a MobileMT (MMT) survey over the center and western aspects of the Yath project in July. The survey aims to cover a gap in existing MMT coverage and improve understanding of geological structures critical for uranium exploration.
The Central Gap Zone is considered vital for interpreting the geological trend projecting northwest from the LAC 50 Uranium Deposit, located south of the project on Atha Energy's ground. This zone also encompasses several northeast-trending structures associated with known uranium mineralization at BOG, MP-25, Amy's OC, and Lucky Break. On the west side, the VGR-NORM trend presents a deep-seated, clay-altered, uranium-mineralized structure that remains poorly understood.
MMT surveys targeting unconformity-style uranium systems 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 the footprint of known targets, constraining them from hundreds of metres to tens of metres wide.
CEO Michael Collins stated: "Generation Uranium is pleased to see the final MMT package being flown through the middle and west side of the Yath Project. We view this as a critical piece of the puzzle that will illuminate how the North-East and North-West structures interact as they converge in the center of the Yath claims, and a better understanding of structures on the VGR clay altered zones."
The announcement comes amid a strengthening uranium market. Spot prices surpassed US$100/lb early in 2026, driven by a widening structural supply deficit and accelerating global demand from AI-powered data centers and nuclear expansion in China, India, and the United States. A Shaw and Partners report released in February 2026 forecasts a potential multi-year uranium price spike toward US$200/lb, citing tightening fuel contracting cycles and persistent supply shortfalls.
The World Nuclear Association's reference scenario indicates global nuclear capacity could expand significantly by 2040, pushing annual uranium consumption toward 390 million pounds. Currently, mine production delivers only about 150 million pounds annually against consumption of 180 million pounds. Shaw and Partners' modelling suggests new mine supply requirements this decade could exceed 350 million pounds, and structural supply deficits could surpass 200 million pounds per year unless new large-scale projects are brought into production.
This environment strengthens the outlook for exploration-stage companies like Generation Uranium, which holds the Yath Project in Nunavut's Angilak district, one of Canada's most active uranium camps. Historic work has reported surface samples up to 9.8% U3O8 and 1.0 m at 0.224% U3O8 from drillhole BOG-8-80.
The company also announced the grant of incentive stock options to officers and consultants to purchase up to 500,000 common shares at $0.08 for two years, and a correction to a prior finder fee disclosure, paying an additional $1,500 and issuing 21,429 finder warrants at $0.12 per share for two years.
