Vancouver, British Columbia – TheNewswire – January 13, 2026 – Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (“Generation” or the “Company”) announces it has signed a new agreement to acquire the Yath Extension Property, a strategic expansion that enhances the Company’s footprint in the Angilak Uranium District of Nunavut.
On December 15, 2025, Generation Uranium entered into a definitive purchase agreement with arm’s-length vendors to acquire 100% ownership of the Yath Extension property. The acquisition adds 4,123.94 hectares across five claims, increasing the total size of the Yath Project to approximately 18,214.87 hectares. This agreement reduces share payments by 6 million shares and break share payments into two tranches over 2 years (full agreement terms described below).
Geological Highlights
The Yath Extension property is underlain by Archean basement rocks of the Kaminak Group, known to host uranium-copper mineralization within quartz-vein stockworks and brecciated zones. Historical mapping and sampling confirm the presence of narrow, high-grade mineralized shears and fractures, with sharp boundaries of mineralization.
- Historical TrenchA:metersaveraging0.82lb/ton₃O₈;peaksampleSC13-A4returned0.188%₃O₈withzones of 80,000CPS
- Historical TrenchB:8.4metersaveraging1.79lb/ton₃O₈;peaksampleSC13-B3returned0.52%₃O₈,withzones of 75,000CPS
- Mineralizationincludescalcite,pitchblende,hematite,pyrite,andchalcopyrite. Afloatsampleexhibited 10.1%Na₂Oand0.26%U,indicatingdistinctsodium-richalterationsignature
- HistoricalVLFconductorsremainunexplained
- Quartz-carbonate vein systems with brecciated host rock, and moderate pyrite mineralization observed
- A float boulder sample showed the same sodium alteration signature observed at SC-13 Zone, suggesting the potential for a similar exploration target at Fox Lake.
Strategic Significance
This acquisition strengthens Generation’s control over key structural corridors extending across the Yath Basin and aligns with the Company’s objective to advance high-priority exploration targets within a proven uranium district.
Mihcael Collins, CEO of Generation Uranium commented: “The acquisition of these claims expands on our core holdings in the Yathkyed Basin and targeted Kaminak Group rocks in the basin margin. Meaningfully expands our Yath Project and our strategic position within Nunavut’s uranium belt. The additional high-value targets complement our existing portfolio and reinforce our focus on systematic exploration and discovery.”
Figure 1: Yath Extension claims highlighted in dark green
- Vendorswillreceive14,000,000commonsharesofGenerationUranium over two years in equal tranches of 7,000,000 shares on exchange approval and 7,000,000 on the one-year anniversary of the signing of the agreement
- cashpaymentof$60,000uponclosing
- 2%NetSmelterReturn(NSR)royaltywillbegranted
- CompletionremainssubjecttoTSXVentureExchangeapprovalandapplicableresalerestrictions
Derrick Strickland, is an-independent and a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical information contained in this news release. The qualified person has been unable to verify the information on the adjacent properties and the information disclosed is not necessarily indicative of mineralization on the company’s properties
Michael Collins, P.Geo., Chief Executive Officer
+1(778) 819-7881
About Generation Uranium
Generation Uranium is a Canadian resource exploration company with a focus on Uranium. The Company is advancing its 100-per-cent-owned Yath uranium project, strategically located in Nunavut’s Angilak district, one of Canada’s most active emerging uranium camps. With a robust pipeline of high-priority exploration targets and exposure to proven uranium-bearing corridors, Generation is well positioned to contribute to the future supply of clean nuclear energy.