Final MMT Survey to be Flown on Generation Uranium's Yath Project, Targeting Key Gaps in Exploration Data

Generation Uranium Inc. (TSX.V: GEN, OTCQB: GENRF, FRA: W85) announced that Expert Geophysics Ltd. will fly a final MMT (Mobile Magnetotelluric) survey over the central and western portions of its Yath project in the Kivalliq Region of Nunavut during July. The survey is designed to cover a gap in existing MMT coverage and to extend understanding of key geological trends.

The Central Gap Zone is considered critical for interpreting the geological trend projecting northwest from the LAC 50 Uranium Deposit, located south of the Yath 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 western side, the VGR-NORM trend presents an extensive deep-seated, clay-altered, and uranium-mineralized structure that remains poorly understood. The company emphasized that mineralization on adjacent properties is not necessarily indicative of mineralization on its own property.

MMT surveys targeting unconformity-style uranium systems focus on three key elements: 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, improving understanding of structural orientations beneath overburden. Targets historically defined at scales of hundreds of metres can now be constrained to zones only 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 in 2026, with spot prices surpassing US$100/lb and long-term contract prices moving above spot. A comprehensive sector report by Shaw and Partners forecasts a potential multi-year uranium price spike toward US$200/lb, citing tightening fuel contracting cycles, accelerating nuclear demand, and persistent supply shortfalls. Global nuclear capacity currently consumes approximately 180 million pounds of U3O8 annually, while mine production delivers only about 150 Mlb, highlighting a structural deficit that could surpass 200 Mlb per year in coming decades.

Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets. Its flagship Yath Project is located in Nunavut’s Angilak district, where historic surface samples have returned up to 9.8% U3O8 and drillhole BOG-8-80 intersected 1.0 m at 0.224% U3O8. The company also granted incentive stock options to officers and consultants to purchase up to 500,000 common shares at $0.08 for two years, and corrected a previous finder fee disclosure, issuing an additional 21,429 finder warrants at $0.12 per share for two years.

Michael Collins, P.Geo., President, CEO, and Director of Generation Uranium, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this release.