Generation Uranium Inc. Advances Exploration Planning with MMT Survey Integration and AI Evaluation

Vancouver, British Columbia — June 23, 2026 — Leads & Copy — Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) is preparing for its 2026 field season with updated exploration plans that include integrating recent survey data and exploring the use of artificial intelligence for target refinement. The company is awaiting drill permit approval for its Yath Project in Nunavut.

Generation is focusing on refining historic targets by incorporating the results of the 2024 MMT survey, conducted by Expert Geophysics on the Yath Project. This survey covered approximately 120 km² and involved 810 line kilometres. MMT surveys are designed to target unconformity-style uranium systems by identifying conductive graphitic fault zones, conductivity highs or resistivity highs associated with hydrothermal alteration, and deep structural controls for fluid migration.

The integration of MMT data with existing geological mapping and sampling has significantly narrowed the focus of known targets, improving the understanding of structural orientations beneath overburden. Targets previously defined at hundreds of metres can now be constrained to zones as narrow as tens of metres. The MMT data has also 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.

This work is advancing the definition and prioritization of prospective drill targets. Previous exploration at the Yath Project has yielded surface samples up to 9.8% U₃O₈ at the Embryo target and 1.0 m at 0.224% U₃O₈ from 25.5 m in drillhole BOG‑8‑80.

To further enhance target ranking and discovery success, Generation is evaluating several AI-driven geological service providers to support advanced target analysis. CEO Michael Collins noted that the MMT data represents a significant advancement for buried uranium targeting, citing Atha Energy's five new discoveries in 2025 on their Angilak Project as validation of this exploration concept. Collins believes this presents an opportunity to shorten the discovery cycle at Yath while optimizing exploration expenditures and drilling effectiveness.

Michael Collins, P. Geo., President, CEO and Director of Generation Uranium, has reviewed and approved the scientific and technical information in this news release in his capacity as a Qualified Person as defined by National Instrument 43‑101.

Generation Uranium is a Canadian exploration company focused on advancing high-quality uranium assets. Its flagship Yath Project is situated in Nunavut’s Angilak district. The company aims to contribute to the future global supply of clean nuclear energy with its portfolio of high-priority targets.

In related market news, the uranium market in 2026 is experiencing strengthening demand, driven by expanding AI data centers and increased nuclear generation capacity globally. Spot prices have exceeded US$100/lb, with mine production struggling to meet reactor requirements. A February 2026 report by Shaw and Partners forecasts a potential multi-year uranium price spike towards US$200/lb, citing tightening fuel contracting cycles, accelerating nuclear demand, and persistent supply shortfalls. The report highlights a growing disconnect between current supply and long-term reactor demand, with global nuclear capacity expected to significantly increase by 2040, pushing annual uranium consumption higher. New mine supply requirements this decade could exceed 350 million pounds when depletion of existing operations is considered, and structural supply deficits may surpass 200 million pounds annually in the coming decades unless new large-scale projects are developed.

Source: Generation Uranium Inc.