ATHA Energy Discovers High-Grade Uranium in Nunavut

ATHA Energy Corp announced multiple uranium discoveries at its Angilak Uranium Project in Nunavut, Canada, as part of its largest exploration program to date. The company identified high-grade uranium mineralization at the Lac 50 Northwest site, where drill hole L50W-DD-002 intersected 11.5 meters of total composite mineralization, including a 1.6-meter high-grade segment. This find is located approximately 4 kilometers from the existing Lac 50 Deposit area and marks the company's sixth regional discovery in 15 months.

Parallel drilling at the RIB North Discovery confirmed mineralization continuity over 300 meters along the eastern limb of the Mineralized RIB Corridor. Drill hole RIBN-DD-003 yielded the project's widest intersection so far, totaling 37.0 meters of composite uranium mineralization. Additionally, the company discovered a secondary east-west mineralized structure on the western limb of the corridor, about 1 kilometer from the primary RIB North area.

The 2026 program aims to complete approximately 20,000 meters of diamond drilling by September and includes aerial geophysics across the Angikuni Basin. The company reports a 100% success rate using 3D EM inversion targeting to develop its regional target portfolio.