Announcement • Jun 24
Generation Uranium Integrates MMT Survey Results and Advances Target Definition At Yath Project Generation Uranium provided an update on exploration planning for the 2026 field season. Generation is focused on refining and recalibrating historic targets through integration of the 2024 MMT survey results and the evaluation of artificial intelligence as an additional target ranking and optimization tool. In 2025, Generation received the results of the Expert Geophysics Mobile Magnetotellurics (MMT) survey completed on the Yath Project. The survey covered the majority of the property, with only a small block left incomplete due to deteriorating weather conditions. In total, 810 line kilometres were flown over an area of approximately 120 km². MMT surveys targeting unconformity style uranium systems focus on three key elements: Graphitic Conductor Fault Zones - High grade unconformity uranium deposits globally are associated with basement fault zones enriched in graphite, which is highly conductive. Hydrothermal Alteration Halos - Uranium bearing acidic fluids alter surrounding sandstone or host rocks, producing conductivity highs (clay alteration) or resistivity highs (silicification). Deep Structural Controls - Understanding the architecture of deep structures helps identify pathways for uranium bearing fluid migration. Integration of conductive and resistive MMT corridors with historic mapping and sampling has significantly narrowed the footprint of known targets and, importantly, improved the understanding of structural orientations beneath overburden. Targets historically defined at the scale of hundreds of metres can now be constrained to zones only tens of metres wide. The MMT data has refined the interpreted orientation of key uranium targets including BOG, VGR, Embryo, FOX, and Lucky Break, revealing that conductive and resistive trends are oblique to earlier interpretations. The Company continues to integrate the MMT dataset with historic results from the Yath Project, including: Surface samples up to 9.8% U3O8 at the Embryo target, 1.0 m at 0.224% U3O8 from 25.5 m in drillhole BOG-8-80. This work is advancing the definition and prioritization of the most prospective drill targets for discovery. Generation recognizes that Yath is a target-rich project with a substantial volume of both historic and modern data. To enhance target ranking and improve discovery success, the Company has engaged several AI-driven geological service providers and is evaluating which group is best suited to support advanced target analysis on the project. New Risk • Jun 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.02m market cap, or US$4.25m). Announcement • Jun 16
Generation Uranium Inc. announced that it has received CAD 0.999989 million in funding On June 15, 2026, Generation Uranium Inc. closed the transaction. The company issued 2,894,570 units at an issue price of CAD 0.07 for gross proceeds of CAD 202,619.9 in its final tranche. Each whole warrant is exercisable to purchase one common share at a price of CAD 0.12 per share for a period of two years expiring June 15, 2028.The company paid finders fees of CAD 840 and issued 12,000 finder warrants at a price of CAD 0.12 per finder warrant share for a period of two years expiring June 15, 2028. All securities issued are subject to a four-month hold period expiring October 16, 2026. 
