ATHA Energy (TSXV:SASK) - Funded Uranium Discovery Work Continues Through 2027

Interview with Troy Boisjoli, CEO of ATHA Energy Corp.

Our previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-rib-north-breakthrough-confirms-continuity-q4-catalysts-underway-11857

Recording date: 7th October 2026

ATHA Energy Corp. (TSXV:SASK) is a Canadian uranium explorer whose flagship is the 100%-owned Angilak Uranium Project in Nunavut's Angikuni Basin. The company also holds a large exploration portfolio in the Athabasca Basin and Labrador's Central Mineral Belt, along with 10% carried interests in parts of the NexGen Energy and IsoEnergy exploration land.

The 2026 programme at Angilak focused on the Mineralized RIB Corridor (MRC), discovered in 2025. Its goal was to convert a widely spaced discovery into defined continuity. Drilling on 150 to 300 m fences extended continuous mineralisation on the Eastern Limb from 1.45 km to 3.4 km, connecting the RIB North and RIB East discoveries. Twenty-one of 23 holes intersected uranium. The final seven holes, RIBN-DD-017 to RIBN-DD-023, were all mineralised.

Drilling also identified a thicker, higher-grade sub-zone near discovery hole RIBN-DD-001. It measures roughly 300 m along strike and 300 m down-dip, with five holes returning 17.5 m to 37.5 m of total composite mineralisation. RIBN-DD-023 returned 19.5 m over 14 zones, including 2.0 m of high-grade mineralisation. RIBN-DD-019, about 850 m northeast, recorded a peak reading of 78,785 CPS. RIBN-DD-022A, about 1.2 km northeast, intersected 5.5 m at the current limit of drilling.

CEO Troy Boisjoli says the company has moved from assumption to modelling. Mineralisation is controlled by a large graphitic fault zone with stacked veins in the hanging wall and footwall, similar in style to basement-hosted deposits such as Eagle Point and Arrow. He says every conductive target drilled has been mineralised, and that the 3.4 km is limited only by drilling, not geology.

ATHA is developing an orogenic uranium-rich deposit model for Angilak, which it describes as the first of its kind globally. Management says mineralisation extends over about 17 km around the RIB structural trend and anticipates the trend runs along the entire edge of the Angikuni Basin. These are interpretations rather than defined resources. The Lac 50 Deposit Corridor separately carries a conceptual exploration target of 60.8 million to 98.2 million lbs U3O8 at 0.37% to 0.48%, which is not a mineral resource.

All 2026 MRC figures are preliminary probe results. Assays are pen