ATHA Energy Provides Post CAD $63 Million Financing Plans - Focused on Growth and Discovery at the Angilak Uranium Project
Press Release

ATHA Energy Provides Post CAD $63 Million Financing Plans - Focused on Growth and Discovery at the Angilak Uranium Project

HIGHLIGHTS

  • On February 5th , 2026, the Company completed two financings totaling CAD ~$63M ( See News Release ), including a strategic investment by Queens Road Capital;

  • The quantum and strong institutional support of the combined financings is recognition of the highly impactful results and project de-risking achieved during the 2025 Angilak Exploration Program;

  • ATHA is now one of the best capitalized uranium explorers globally, with funding secured for multiple exploration campaigns focused at its 100%-owned Angilak Uranium Project;

  • 2026 Angilak Exploration Program will be the largest to date on the project, following up on the highly successful 2025 campaign, which resulted in the discovery of five new uranium showings - the new discoveries are within the Angikuni Basin and are in addition to the Lac 50 Deposit;

  • An additional diamond drill is being prepared for mobilization to Angilak by Base Diamond Drilling Ltd. - ATHA's drilling service provider since 2024. The owner of Base along with ATHA's CEO Troy Boisjoli led the ramp up in drilling activities at NexGen's Rook I Project to ten diamond drills;

  • Full mobilization to Angilak will commence in March with exploration activities beginning in late April to early May;

  • 2026 Exploration will focus on:

    • Expanding the footprint of mineralization at the Lac 50 Deposit Corridor - which hosts the Lac 50 Deposit with a 2024 Exploration Target * ranging from 60.8 M lbs to 98.2 M lbs with an average grade range from 0.37% U 3 O 8 to 0.48% U 3 Read More