ATHA Energy Initiates Ongoing Site Mobilization in Advance of 2026 Exploration Program – Exploration Activities Commencing in April

31 March 2026

HIGHLIGHTS

  • Ongoing site mobilization commenced in mid-March – including fuel, supplies, & equipment inclusive of delivery of a third diamond drill, supplied by Base Diamond Drilling Ltd. – in support of the 2026 Exploration Program at the Angilak Uranium Project;
  • Mobilization is being completed via ATR planes (Photo 1 & 2) departing from Yellowknife, Northwest Territories, and Baker Lake and Rankin Inlet, Nunavut, and landing on Angilak’s Winter landing strip; 
  • The 2026 Angilak Exploration Program, and beyond, is fully funded with the February closing of CAD $63 Million financing, making ATHA one of the best capitalized uranium exploration Companies globally; 
  • 2026 Angilak Exploration Program will be the largest to date on the project, following up on the highly successful 2024 & 2025 campaigns:
    • 2024 maiden campaign focused on expansion of the mineralizing footprint along the Lac 50 Deposit Corridor, culminating in the release of 2024 Exploration Target3; 
    • 2025 Program focused on testing the regional prospectivity within the Angikuni Basin along the Mineralized RIB & KU-Nine Iron Corridors, outside of the Lac 50 Deposit area, resulting in the discovery of five new uranium showings – including RIB North, where the maiden hole intersected 34.7 m of composite uranium mineralization1 with grades up to 8.16% U3O8 over 0.5 m;
  • The Company anticipates exploration activities, including diamond drilling, to commence by the latter part of April.

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