Atha Energy Unveils Comprehensive 2024 Exploration Program Targeting Uranium Deposits in Nunavut and Athabasca Basin

Atha Energy has announced detailed plans for its 2024 Exploration Program, focusing significant resources on the Angilak Project in Nunavut and multiple projects within the Athabasca Basin. The company's phase one program at Angilak will commence in June 2024 with an intensive 10,000-meter diamond drilling campaign primarily targeting expansion of the Lac 50 Deposit, which shows geological openness in all directions. This substantial drilling effort aims not only to enhance the existing deposit but also to identify potential new discoveries in the surrounding area.

Beyond the Lac 50 expansion, Atha Energy will conduct exploration drilling on high-priority targets located on parallel structures to the main deposit, areas previously identified as prime candidates for hosting uranium mineralization. The company's comprehensive approach includes a planned Phase II program featuring airborne geophysics utilizing electromagnetic, magnetic, and very low frequency survey types. This advanced geophysical program will be complemented by targeted ground geochemistry sampling and detailed mapping activities designed to identify and de-risk additional high-priority targets for future exploration campaigns.

In the world-renowned Athabasca Basin region, Atha Energy will advance nine of its 100%-owned projects through a combination of ground and airborne geophysical surveys. The company's strategy involves leveraging these sophisticated techniques to deepen geological understanding across each project, thereby increasing discovery potential while optimizing capital allocation for future drilling operations. This systematic approach reflects Atha Energy's commitment to methodical exploration that maximizes the probability of significant uranium discoveries.

The company's exploration portfolio will be further strengthened through the potential incorporation of the Gemini project, pending completion of the proposed scheme of arrangement with 92 Energy Limited. The Gemini project, which features the recently discovered high-grade GMZ showing, represents a particularly promising addition to Atha Energy's exploration pipeline. Following transaction completion, the company plans to provide comprehensive updates including detailed drilling plans for the Gemini project, integrating it seamlessly into the broader exploration strategy. This expansion demonstrates Atha Energy's strategic positioning to capitalize on emerging opportunities in the uranium exploration sector.

Atha Energy's 2024 exploration program represents a substantial commitment to advancing uranium discovery in Canada's most prospective regions. The combination of targeted drilling at known deposits and systematic exploration across multiple projects positions the company to potentially make significant contributions to North American uranium supply. The program's scale and methodology reflect the company's confidence in the prospectivity of its land holdings and its commitment to responsible resource development through advanced exploration techniques.