Generation Uranium Signs new agreement on the Yath Extension project.
(TheNewswire)
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 newagreement to acquire the YathExtension Property, a strategic expansion thatenhances the Company’s footprint in the Angilak Uranium District ofNunavut.
On December 15, 2025, Generation Uranium entered into adefinitive 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 agreementreduces share payments by 6 million shares and break share paymentsinto two tranches over 2 years (full agreement terms describedbelow).
The Yath Extension property is underlain by Archean basement rocks of the Kaminak Group, known to hosturanium-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/ton?O?;peaksampleSC13-A4returned0.188%?O?withzonesof 80,000CPS
Historical TrenchB:8.4metersaveraging1.79lb/ton?O?;peaksampleSC13-B3returned0.52%?O?,withzones of 75,000CPS
Mineralizationincludescalcite,pitchblende,hematite,pyrite,andchalcopyrite. Afloatsampleexhibited 10.1%Na?Oand0.26%U,indicatingdistinctsodium-richalterationsignature
HistoricalVLFconductorsremainunexplained
Quartz-carbonate vein systems with brecciated hostrock, and moderate pyrite mineralization observed
A float boulder sample showed the same sodiumalteration signature observed at SC-13 Zone, suggesting the potentialfor a similar exploration target at Fox Lake.
This acquisition strengthens Generation’s controlover key structural corridors extending across the Yath Basin and aligns with the Company’s objective to advance high-priority exploration targets within a provenuranium district.
Mihcael Collins, CEO of Generation Uranium commented: “The acquisition of these claims expands on our coreholdings in the Yathkyed Basin and targeted Kaminak Group rocks in thebasin margin. Meaningfully expands our Yath Project and our strategicposition within Nunavut’s uranium belt. The additional high-valuetargets complement our existing portfolio and reinforce our focus on systematic exploration and discovery.”
Figure 1: Yath Extension claimshighlighted in dark green
Vendorswillreceive14,000,000commonsharesofGenerationUranium over two years in equal tranches of 7,000,000 shareson exchange approval and 7,000,000 on the one-year anniversary of thesigning of the agreement
cashpaymentof$60,000uponclosing
2%NetSmelterReturn(NSR)royaltywillbegranted
CompletionremainssubjecttoTSXVentureExchangeapprovalandapplicableresalerestrictions
Derrick Strickland, is an-independent and a qualifiedperson as defined by National Instrument 43-101 (Standards ofDisclosure for Mineral Projects), has reviewed and approved thescientific and technical information contained in this news release. The qualified person has been unable to verify the information on the adjacent propertiesand the information disclosed is not necessarily indicative ofmineralization on the company's properties
Michael Collins, P.Geo., Chief Executive Officer
+1(778) 819-7881
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 uraniumcamps. With a robust pipeline of high-priorityexploration targets and exposure to proven uranium-bearing corridors, Generation is well positioned to contribute to the future supply of clean nuclear energy.
2011SeasonAngilakLakePropertyProspectingSummaryPreparedforKivalliqEnergyCorp.Suite1020-800West PenderSt.Vancouver,B.C.byCameronBarker,ProspectorDiscoveryConsultants201-2928291hSt.Vernon, B.C.
1978 Papish, N.Z., Tilsley, R.A., Sheppard, B. andCluff. G.R. Geological,Geophysical, Geochemical, Trenching and DiamondDrilling Report for Yathkyed Lake Area Claim Groups., NTS 65-J-5, 6,7, 10 and 11 . Noranda ExplorationCompanyAssessmentReport,41p.
1977Eaton,D.R.andTilsley,R.A.Reportonthe1977YathkyedDiamondDrillingProgram.NorandaExploration CompanyAssessmentReport,16p.
This news release contains certainforward-looking statements, which relate to future events or future performance and reflect management’scurrent expectations and assumptions. Such forward-looking statementsreflect management’s current beliefs and are based on assumptionsmade by and information currently availableto the Company. Readersare cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks anduncertainties that may cause future results to differmaterially from those expected including, but not limited to, market conditions,availability of financing, actualresults of the Company’s exploration andother activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.All the forward-looking statements madein this news release are qualified by these cautionary statements and those in our continuous disclosure filingsavailable on SEDAR+ at www.sedarplus.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances saveas required by applicable law.
Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release. The TSX Venture Exchangehas neither approved nor disapproved of the contents of this newsrelease.
Copyright (c) 2026 TheNewswire - All rights reserved.
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