9 February 2026
ATHA Energy Corp.(“ATHA” or the “Company”), is pleased to announce use of proceeds from its recently completed combined financing totaling approximately ~CAD $63 Million will focus on advancing its 100%-owned Angilak Uranium Project in Nunavut, Canada (Figure 1). Planning for the 2026 Angilak Exploration Program is underway, focusing on continued discovery and expansion along the MRC, KU-Nine Iron, and Lac 50 Deposit Corridors.
Additionally, ATHA will advance complete geophysical coverage across the entire Angikuni Basin utilizing its systematic derisking approach that resulted in the discovery of five new uranium showings within the Angikuni Basin. With complete coverage across the Angikuni, ATHA anticipates adding numerous additional derisked targets to its growing portfolio of drill ready areas.
The Company anticipates that the 2026 Angilak Exploration Program will be the largest to date at the project; the program will combined diamond drilling, aerial geophysics and surficial mapping – focused on discovery and expansion of known zones of mineralization. 2026 mobilization is scheduled to commence in March, including the arrival of an additional diamond drill. Exploration activities are slated to kick off the end of April to early May.