Active exploration, multiple discoveries, 2024/2025 drilling, district-scale potential • Post-Discovery
Overview
Country
Canada
Region
Nunavut (Angikuni Basin)
Current status
14 projects in this company presentation
Report date 2026-05-01
Atha Energy Corp. • SASK.V • 14 projects
Active exploration, multiple discoveries, 2024/2025 drilling, district-scale potential
Ownership
100.0%
Classification
Project stage
Explorer
Substage
Post-Discovery
Active milestone
2024/2025 drilling, multiple new discoveries, district-scale exploration
Completed milestones
Discovery of Lac 50 Deposit, 2024/2025 drilling programs
Endowment
Core ownership
100.0%
Notes
Highlights
Lac 50 Deposit is one of the largest high-grade uranium deposits in Canada outside the Athabasca Basin. 31 km mineralized trend, multiple new zones, 2024/2025 drilling, 100% hit rate in 2024, grades up to 5.85% U3O8.
Country attractiveness
Nunavut is a pro-mining jurisdiction with major gold mining and base metal production.
Resource context
Conceptual exploration target: 60.8M lbs - 98.2M lbs at 0.37% - 0.48% U3O8 (not a resource, conceptual only).
Technical context
Multiple parallel trends, advanced geophysics, high radioactivity zones up to 60,000 CPS.
Financial context
Over $115M invested to date in Angilak and technical groundwork.
Recent achievements
2024/2025: 20,000m drilling, 5 new regional discoveries, expanded mineralization, new parallel trends identified.
Work ongoing
Ongoing drilling, geophysics, and exploration.
Next steps
2026 exploration strategy and scaled up drilling program.
Resource extension potential
Deposit remains open along strike and at depth; only ~24% of corridor drill tested.
Central Mineral Belt (CMB) Project
Exploring ProjectCanada
Dominant land position with existing uranium discoveries; active exploration portfolio. • Post-Discovery
Overview
Country
Canada
Region
Newfoundland & Labrador
Current status
Dominant land position with existing uranium discoveries; active exploration portfolio.
Ownership
100.0%
Classification
Project stage
Explorer
Substage
Post-Discovery
Active milestone
Exploration
Completed milestones
Concept
Notes
Highlights
Dominant land position in the Central Mineral Belt with existing uranium discoveries. Home to the Michelin Deposit (not owned by ATHA, but regionally significant).
Country attractiveness
Newfoundland & Labrador ranked 14th globally for mining investment (Fraser Institute 2025).
Technical context
Advanced, drill-ready targets de-risked by prior geophysics or drilling. 267,795 acres.
Recent achievements
6,100m drill program and ground geophysical programs in 2024/2025.
Work ongoing
Active exploration and drilling.
Next steps
Ongoing exploration and target advancement.
Resource extension potential
Portfolio includes post-discovery Moran Lake and Anna Lake deposits (see appendix for details).
Regional corridor remains prospective for further discovery.
NexGen/IsoEnergy Carried Interest Portfolio
Exploring ProjectCanada
10% carried interest in key uranium projects owned by NexGen and IsoEnergy; active exploration ongoing by operators. • Post-Discovery
Overview
Country
Canada
Region
Saskatchewan (Athabasca Basin)
Current status
10% carried interest in key uranium projects owned by NexGen and IsoEnergy; active exploration ongoing by operators.
Ownership
10.0%
Classification
Project stage
Explorer
Substage
Post-Discovery
Active milestone
Exploration
Completed milestones
Concept
Notes
Highlights
10% carried interest on key parts of NexGen and IsoEnergy land, which is actively being explored. 30,000m of drilling in 2024 announced by NexGen in region. Land positions are amongst the Basin’s most actively developed areas with significant infrastructure in place.
Country attractiveness
Saskatchewan ranked 3rd in the world for mining investment attractiveness (Fraser Institute 2025).
Technical context
Carried interest in projects with significant infrastructure and active exploration.
Recent achievements
30,000m of drilling in 2024 by NexGen in region.
Work ongoing
Ongoing exploration by operators.
Next steps
Ongoing exploration by NexGen and IsoEnergy; ATHA benefits from carried interest upside.
Resource extension potential
Portfolio includes multiple active exploration targets and potential for new discoveries.
NexGen/IsoEnergy Carried Interest Project
Exploring ProjectCanada
10% carried interest in key land held by NexGen and IsoEnergy, active exploration by operators • Pre-Discovery
Overview
Country
Canada
Region
Saskatchewan (Athabasca Basin)
Current status
10% carried interest in key land held by NexGen and IsoEnergy, active exploration by operators
Ownership
10.0%
Classification
Project stage
Explorer
Substage
Pre-Discovery
Active milestone
Active exploration by NexGen/IsoEnergy, 30,000m drilling in 2024 announced by NexGen
Notes
Highlights
10% carried interest in key parts of NexGen and IsoEnergy land, actively explored, significant infrastructure in place.
Country attractiveness
Saskatchewan ranked 3rd globally for mining investment (Fraser Institute 2025).
Technical context
Carried interest in highly prospective, actively explored land.
Financial context
Carried interest provides upside without direct exploration spend.
Recent achievements
30,000m of drilling in 2024 announced by NexGen in region.
Work ongoing
Ongoing operator drilling and exploration.
Next steps
Ongoing exploration by operators.
Pinnacle/Wares
Exploring ProjectCanada
Advanced, drill-ready uranium exploration targets; de-risked by prior geophysics or drilling. • Pre-Discovery
Overview
Country
Canada
Region
Saskatchewan (Athabasca Basin)
Current status
Advanced, drill-ready uranium exploration targets; de-risked by prior geophysics or drilling.
Ownership
100.0%
Classification
Project stage
Explorer
Substage
Pre-Discovery
Active milestone
Exploration
Completed milestones
Concept
Notes
Highlights
+12km conductive trend, historical mineralized drillhole intersection (0.18% U3O8 over 0.1m at 202.9m), historic boulder grab samples up to 6400ppm U, shallow depths to unconformity (185-210m).
Country attractiveness
Saskatchewan ranked 3rd in the world for mining investment attractiveness (Fraser Institute 2025).
+12km conductive trend, historical drillhole 0.18% U3O8 over 0.1m at 202.9m, shallow unconformity (185-210m), historic boulder samples up to 6400ppm U.
Country attractiveness
Saskatchewan ranked 3rd globally for mining investment (Fraser Institute 2025).
Nunavut is a pro-mining jurisdiction with major gold mining and base metal production.
Technical context
Large-scale generative exploration.
Work ongoing
Targeted geophysics and generative exploration.
Zenith
Exploring ProjectCanada
Advanced, drill-ready uranium exploration target; de-risked by prior geophysics or drilling. • Pre-Discovery
Overview
Country
Canada
Region
Saskatchewan (Athabasca Basin)
Current status
Advanced, drill-ready uranium exploration target; de-risked by prior geophysics or drilling.
Ownership
100.0%
Classification
Project stage
Explorer
Substage
Pre-Discovery
Active milestone
Exploration
Completed milestones
Concept
Notes
Highlights
+29km of prospective corridors on trend from Eagle Point, Rabbit Lake, and Horseshoe-Raven. Historical drilling intersected mineralization up to 0.04% U3O8 over 0.9m at 24.4m depth.
Country attractiveness
Saskatchewan ranked 3rd in the world for mining investment attractiveness (Fraser Institute 2025).
Technical context
Prospective structural and conductive corridors, historic mineralization.
Work ongoing
Exploration and drilling planned.
Next steps
Further drilling and geophysical surveys.
Resource extension potential
Corridors remain open and prospective for further discovery.