News Release
Generation Uranium Bolsters Presence in Uranium-Rich Thelon Basin
MarketJar
On behalf of Generation Uranium Inc. As the world moves towards a global energy shift, uranium is emerging as a crucial element in the transition to clean, sustainable power and creating an exciting opportunity for companies like Generation Uranium Inc. (TSXV:GEN) (OTCQB:GENRF) (FRA:W85). Generation Uranium is a natural resource company that holds a 100% interest in the Yath Uranium Project, located in the prolific and under-explored Thelon Basin in Nunavut, Canada. Yath is situated along trend from the 43 million lbs Lac 50 uranium deposit, which is being advanced by Latitude Uranium, a company acquired by ATHA Energy Corp in an all-share transaction valued at $64.7 million. 1 Historical exploration at the Yath Project has consistently revealed uranium concentrations between 1% and 10% U3O8, highlighting its significant promise. 2 On June 20, Generation Uranium Inc. (TSXV:GEN) (OTCQB:GENRF) ( FRA:W85) expanded its stake in the Thelon Basin with the strategic acquisition of the Yellow Frog and Pink Toad projects on the Angilak Trend in the Yathkyed Basin. This expansion to the east and west increases the land package at Yath Project by over 45%, making the project a district-size endeavor uniquely positioned at the interface of two sub-basins, Yathkyed and Angikuni, within the Thelon Basin. Generation Uranium ’s Yath project now covers an area of 123.45 km², extending due north and coming within three kilometers of the district-scale uranium project currently being developed by Atha Energy Corp. The adjacent Angilak Project by Atha Energy, with its historical 2013 NI 43-101 inferred mineral resources, contains 2,831,000 tonnes of ore at an average grade of 0.69% U3O8 and 0.17% molybdenum 3. This comprises an estimated 43.3 million pounds of U3O8 and 10.4 million pounds of molybdenum. Recognized globally for its proven economic potential alongside other notable unconformity basins like Athabasca in Saskatchewan and McArthur in Australia, the Thelon Basin stands out as a fertile ground for high-grade uranium deposits. This strategic positioning gives Generation Uranium a strong presence in the region, enhancing its potential for discovering high-grade unconformity-type uranium deposits as well as IOCG (Iron Oxide Copper Gold) deposits similar to those found at Olympic Dam. "With the acquisition of the Yellow Frog and Pink Toad Uranium Projects, we are significantly expanding our uranium exploration potential at Yath," said Generation Uranium President and CEO Anthony Zelen. "These strategic additions strengthen our position in the Yathkyed Basin, reinforcing our commitment to becoming a prominent player in the uranium sector." Generation Uranium Partners with APEX Geoscience to Propel Yath Project Forward Last week, Generation Uranium Inc. (TSXV:GEN) (OTCQB:GENRF) ( FRA:W85) announced a strategic partnership with APEX Geoscience to bolster its exploration efforts at the Yath Uranium Project in Nunavut, Canada. This collaboration involves APEX providing comprehensive geological consulting services aimed at advancing the project towards a highly anticipated diamond drilling campaign. Under the new agreement, APEX Geoscience will handle the preparation and submission of all necessary exploration authorization applications for the upcoming drilling program. This includes meticulous groundwork and communication with the Nunavut Planning Commission, the Nunavut Impact Review Board, and the Kivalliq Inuit Association, ensuring that all regulatory and community considerations are met. The engagement of APEX comes at a crucial time as Generation Uranium aims to capitalize on historical data indicating significant uranium potential at Yath. Previous explorations have revealed high-grade uranium concentrations, with recent surveys by Kivalliq Energy reinforcing these findings. The partnership underscores Generation Uranium 's commitment to leveraging expert knowledge and cutting-edge technology to unlock the full potential of the Yath Uranium Project, paving the way for future development and economic benefits in the region. Click here for more information about Generation Uranium Inc. (TSXV:GEN) (OTCQB:GENRF) (FRA:W85). [1] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3224-tsx-venture/gen/157786-generation-uranium-to-begin-exploration-program-on-its-100-wholly-owned-yath-project-in-nunavut-canada.html [2] https://generationuranium.com/yath-project [3] Derrick Strickland, P. Geo, (L5669), a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral projects, has reviewed the scientific information that forms the basis for this news release, and has approved the disclosure herein. Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Generation Uranium Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Generation Uranium Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Generation Uranium Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-gen. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 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Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Generation Uranium Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. 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These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Generation Uranium Inc.’s industry; (b) market opportunity; (c) Generation Uranium Inc.’s business plans and strategies; (d) services that Generation Uranium Inc. intends to offer; (e) Generation Uranium Inc.’s milestone projections and targets; (f) Generation Uranium Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Generation Uranium Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Generation Uranium Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Generation Uranium Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Generation Uranium Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Generation Uranium Inc.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Generation Uranium Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Generation Uranium Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Generation Uranium Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Generation Uranium Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Generation Uranium Inc.’s business operations (e) Generation Uranium Inc. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Generation Uranium Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Generation Uranium Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Generation Uranium Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Generation Uranium Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Generation Uranium Inc. or such entities and are not necessarily indicative of future performance of Generation Uranium Inc. or such entities. 8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by Mr. Derrick Strickland, P. Geo, (L5569) at Generation Uranium as the Qualified Person for the Company as defined in National Instrument 43-101. 9) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
June 20, 2024 10:05 AM Eastern Daylight Time
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