- ATHA Energy Corp (SASKF, Financial) launches its 2025 Angilak diamond drill exploration program with plans for around 10,000 meters of drilling.
- Recent geophysical surveys identified significant anomalies at KU and Rib Discoveries, consistent with high-grade uranium mineralization.
- ATHA grants 9,448,750 stock options and 1,175,000 restricted share units under its Equity Incentive Plan.
ATHA Energy Corp (SASKF) has commenced its 2025 diamond drill exploration program at its 100%-owned Angilak Uranium Project in Nunavut. The company aims to conduct approximately 10,000 meters of drilling, focusing on two primary objectives. The first goal is the expansion of the Lac 50 Deposit's uranium mineralization footprint. The second is the exploration of regional targets along the 31km Rib-Nine Iron Trend, with a specific focus on the KU and Rib Discoveries.
Recently, the company completed ground gravity and electromagnetic surveys at two high-priority targets, KU Discovery and Rib Discovery. These surveys revealed significant anomalies that align with the characteristics of high-grade uranium mineralization. This builds upon ATHA's successful 2024 campaign, which reported a 100% hit rate for uranium mineralization across 25 drill holes.
Additionally, ATHA Energy Corp has awarded 9,448,750 stock options and 1,175,000 restricted share units to eligible participants under its Equity Incentive Plan. Each stock option is exercisable at $0.47 and is set to vest over a period of twelve months.
With historical sampling at the KU Discovery returning grades up to 30.7% U3O8 and the Mushroom Lake outcrop revealing up to 47.8% U3O8, the Angilak Project stands as a significant prospect for high-grade uranium mineralization. ATHA's continued investment and exploration efforts could potentially position the Angikuni Basin as a prominent uranium jurisdiction in Canada.
