ATHA Energy Corp (SASKF) generates frequent news flow related to its uranium exploration activities and capital markets transactions. As a Canadian mineral company focused on uranium assets, ATHA issues detailed updates on drilling, geophysical work, technical reporting, and financing that are relevant to investors following the uranium and energy sectors.
Many of the company’s recent news releases center on the Angilak Uranium Project in Nunavut. ATHA reports on drill results along the Lac 50 Trend and the RIB–Nine Iron Trend, including the Mineralized RIB Corridor, where discoveries at RIB East, RIB West, RIB North, and RIB South have been announced. These updates often include information on composite uranium mineralization, high-grade intervals, and the use of EM inversion modeling to guide targeting.
News items also cover technical and regulatory developments, such as the filing and amendment of NI 43-101 Technical Reports, clarification of historical mineral resource disclosure, and the filing of an annual information form. Financing-related releases describe bought-deal private placements of special warrants, short form prospectus filings, and a convertible debenture financing with Queen’s Road Capital Investment Ltd., outlining how proceeds are intended to support exploration at Angilak and other projects.
In addition, ATHA publishes announcements on corporate matters such as equity incentive grants, market making agreements, and investor rights arrangements connected to financings. Readers of this news page can review a continuous record of ATHA’s exploration results, technical updates, and financing activities, providing context for the company’s progress across its uranium project portfolio.
ATHA Energy (SASKF) completed its 2026 diamond drilling campaign, extending mineralization along the Mineralized RIB Corridor’s Eastern Limb to 3.4 km.
Drilling connected RIB North and RIB East at the wholly owned Angilak Uranium Project, expanding strike length from 1.45 km. All seven final holes intersected uranium mineralization. RIBN-DD-023 returned 19.5 m of composite mineralization across fourteen zones, including 2.0 m classified as high-grade using radioactivity readings. A thicker, higher-grade sub-zone measures approximately 300 m along strike and 300 m down-dip; it and the Eastern Limb remain open. These results are preliminary, with samples submitted for laboratory analysis. ATHA expects additional preliminary Lac 50 Deposit Corridor results in the coming weeks.
ATHA Energy (SASKF) reported preliminary 2026 Angilak Exploration Program drilling results that extend the RIB North uranium discovery’s mineralization continuity from about 300 m to 1.45 km along the eastern limb of the Mineralized RIB Corridor (MRC).
Seven additional diamond drillholes (RIBN-DD-010 to RIBN-DD-016A) at RIB North all intersected uranium mineralization. Highlight hole RIBN-DD-011, drilled ~250 m northeast of the 2025 discovery hole RIBN-DD-001, intersected 20.0 m of total composite uranium mineralization over 15 zones between 494.0 m and 700.5 m, including 1.3 m of high-grade intervals. Its highest-grade section returned 1.5 m averaging 8,453 CPS with a maximum of 26,680 CPS.
Follow-up on a secondary western-limb horizon with RIBN-DD-010 has traced mineralization over ~220 m. The 2026 Angilak program is the project’s largest to date, combining three active drills and basin-scale MMT geophysics.
ATHA Energy (TSXV:SASK, OTCQX:SASKF) reported that Richard Pearce resigned from its Board of Directors effective August 31, 2026, after joining in April 2024. The company appointed Erinn Broshko as chair of the Compensation Committee and Suraj Ahuja to the Nominating and Corporate Governance function, both replacing Pearce. ATHA also issued 340,136 common shares at a deemed price of US$0.735 (C$1.03) to Queen's Road Capital Investment as payment for US$249,999.96 (C$350,349.94) in interest on a US$25 million 12% convertible debenture issued February 5, 2026.
ATHA Energy (TSXV:SASK, OTCQX:SASKF) has elected to issue 340,136 common shares to Queen's Road Capital Investment to satisfy US$249,999.96 (C$350,349.94) of interest owed on its US$25,000,000 12% convertible debenture dated February 5, 2026. The deemed issue price is US$0.735 (C$1.031) per share.
Under the debenture, interest is payable quarterly, at 8% in cash and 4% in common shares, with the share price based on the greater of a 20-day VWAP on the TSXV and the TSXV minimum price. The share issuance remains subject to the debenture terms and required approvals, including TSXV approval.
ATHA Energy (TSXV:SASK, OTCQX:SASKF) entered a second amending agreement with the New Saskatchewan Syndicate (NSS) to modify their March 30, 2023 royalty and participation agreement. ATHA may, at its sole discretion, abandon, relinquish, terminate or not renew properties under the NSS agreement, with NSS waiving its rights over any such Relinquished Property.
In consideration for this waiver, ATHA agreed to issue, subject to TSX Venture Exchange approval, 1,000,000 common shares and 1,000,000 warrants, each warrant exercisable at $1.05 per share for five years. ATHA’s 100%-owned Angilak Uranium Project in Nunavut is stated as unrelated and unaffected by the NSS arrangements.
ATHA Energy (OTCQX:SASKF) granted an aggregate 2,850,000 stock options and 2,200,000 restricted share units (RSUs) under its equity incentive plan to eligible participants, including certain directors and officers. Options vest in three equal tranches at grant, six months, and twelve months, carry a five‑year term, and are exercisable at $1.11 per common share. RSUs vest on the twelve‑month anniversary and entitle holders to one common share per unit upon redemption.
According to ATHA Energy, the equity incentive plan limits total issuable shares from all awards to 10% of issued and outstanding shares at the time of any grant. The company relied on exemptions in MI 61-101 for valuation and minority approval regarding grants to related parties, noting the shares are not listed on a specified market and the fair market value involved was under 25% of market capitalization. ATHA Energy also reported that its investor relations agreement with ICP Securities ended on July 2, 2026.
ATHA Energy (OTCQX:SASKF) reported preliminary 2026 Angilak drill results from the RIB North Discovery in Nunavut. Eight diamond drillholes outline uranium mineralization continuity over ~300 m on the eastern limb of the Mineralized RIB Corridor and a new secondary horizon ~1 km away on the western limb.
Six holes intersected uranium, highlighted by RIBN-DD-003 with 37.0 m composite mineralization over fifteen zones, and RIBN-DD-008 confirming mineralization on the secondary east-west structure. Ongoing hole RIBN-DD-009 has intersected 17.5 m composite mineralization. The 2026 program targets ~20,000 m of drilling plus basin-wide MMT geophysics.
ATHA Energy (OTCQX:SASKF) reported a new high-grade uranium discovery at the Lac 50 Northwest area, ~4 km along strike from the Lac 50 Deposit at its 100%-owned Angilak Project in Nunavut.
Key hole L50W-DD-002 intersected 11.5 m composite uranium mineralization over five zones, including 7.0 m continuous and 1.6 m high-grade, confirming the 4 km Lac 50 corridor as prospective.
ATHA Energy (OTCQB:SASKF) completed mobilization to the 100%-owned Angilak Uranium Project and commenced diamond drilling on May 1, 2026. The 2026 program is fully funded after a CAD $63 million financing and will use three drill rigs to complete ~20,000 m of drilling through September, plus an aerial MMT survey with 3D inversion by Q4 2026.
The program targets three mineralized corridors (Lac 50, Mineralized RIB, KU-Nine Iron) and follows 2024–2025 campaigns that returned five regional discoveries, including a RIB North maiden composite intercept of 34.7 m (grades up to 8.16% U3O8 over 0.5 m).
ATHA Energy (TSXV:SASK / OTCQB:SASKF) filed its audited Financial Statements, MD&A and AIF for the year ended December 31, 2025, available on SEDAR+.
The company elected to issue 354,521 common shares at a deemed price of US$0.666 (C$0.9111) to Queen's Road Capital to satisfy US$236,110.99 of interest owing under a US$25,000,000 12% convertible debenture. Issuance is subject to TSXV and other approvals.