ATHA Energy Makes Major New Discovery Along the Rib Corridor; Drills Best Exploration Hole to Date at The Angilak Uranium Project Intersecting 26.3 M of Composite Uranium Mineralization
ATHA Energy (OTCQB:SASKF) has announced a significant uranium discovery at its Angilak Uranium Project in Nunavut, Canada. The company's first hole at RIB North (RIBN-DD-001) intersected 26.3 meters of total composite uranium mineralization, including 1.9 meters of high-grade material, representing the project's best exploration results to date.
The discovery extends along the Mineralized RIB Corridor (MRC), with uranium mineralization now traced over a 4.4 km strike length on the eastern limb and 4.0 km on the western limb. The mineralization style is similar to Athabasca basement hosted deposits, featuring strong hematite alteration and graphitic structures.
This discovery positions Angilak as a potential new Canadian uranium jurisdiction, particularly significant given recent US government announcements regarding strategic uranium reserve expansion beyond their current 14-month stockpile.
ATHA Energy (OTCQB:SASKF) ha annunciato una significativa scoperta di uranio al suo Angilak Uranium Project a Nunavut, in Canada. Il primo pozzo effettuato a RIB North (RIBN-DD-001) ha intercettato 26,3 metri di mineralizzazione totale di uranio, di cui 1,9 metri di materiale ad alta mineralizzazione, rappresentando i migliori risultati di esplorazione del progetto fino ad oggi.
La scoperta si estende lungo il Mineralized RIB Corridor (MRC), con la mineralizzazione dell’uranio ora rilevata su una lunghezza di strike di 4,4 km sulla branca orientale e 4,0 km su quella occidentale. Lo stile di mineralizzazione è simile ai depositi ospitati dal basamento di Athabasca, caratterizzato da una marcata alterazione adematite e strutture grafitiche.
Questa scoperta posiziona Angilak come una potenziale nuova giurisdizione uranium in Canada, particolarmente significativa alla luce delle recenti annunci governativi statunitensi riguardo all’espansione della riserva strategica di uranio oltre l’attuale stock di 14 mesi.
ATHA Energy (OTCQB:SASKF) ha anunciado un hallazgo significativo de uranio en su Proyecto de Uranio Angilak en Nunavut, Canadá. El primer pozo en RIB North (RIBN-DD-001) dejó 26,3 metros de mineralización total de uranio, incluyendo 1,9 metros de material de alta ley, representando los mejores resultados de exploración del proyecto hasta la fecha.
El hallazgo se extiende a lo largo del Mineralized RIB Corridor (MRC), con la mineralización de uranio ya rastreada sobre una longitud de strike de 4,4 km en la rama este y 4,0 km en la rama oeste. El estilo de mineralización es similar a los yacimientos alojados en el basamento de Athabasca, presentando una marcada alteración de hematita y estructuras grafíticas.
Este hallazgo posiciona a Angilak como una posible nueva jurisdicción del uranio en Canadá, especialmente significativo dada la reciente información del gobierno de EE. UU. sobre la expansión de su reserva estratégica de uranio más allá de su actual stock de 14 meses.
ATHA Energy (OTCQB:SASKF)가 캐나다 누나붓의 Angilak 우라늄 프로젝트에서 중대한 우라늄 발견을 발표했습니다. RIB North(RIBN-DD-001)에서의 첫 번째 시추는 총 우라늄 다결정 광화물 26.3미터를 관통했고, 그 중 고등급 물질 1.9미터가 포함되어 있으며, 이는 지금까지의 탐사 중 최고 성과에 해당합니다.
발견은 Mineralized RIB Corridor(MRC) entlang으로 확장되었으며, 동부 가지에서 4.4km의 스트라이크 길이, 서부 가지에서 4.0km의 우라늄 광화가 확인되었습니다. 광화 형태는 Athabasca 기저암 광상의 특징과 유사하며, 강한 혈마그네이트(Hematite) 변질과 그래픽 구조를 보입니다.
이 발견은 Angilak을 캐나다의 잠재적 새로운 우라늄 관할 구역으로 자리매김하게 하며, 특히 현 14개월 재고를 넘어선 미국 정부의 전략적 우라늄 비축 확장 발표와 맥락에서 중요합니다.
ATHA Energy (OTCQB:SASKF) a annoncé une découverte importante d’uranium sur son projet uranium Angilak à Nunavut, au Canada. Le premier puits à RIB North (RIBN-DD-001) a croisé 26,3 mètres de minéralisation globale d’uranium, dont 1,9 mètre de matériel à haute teneur, ce qui représente les meilleurs résultats d’exploration à ce jour pour le projet.
La découverte s’étend le long du Mineralized RIB Corridor (MRC), avec une minéralisation d’uranium désormais tracée sur une longueur de strike de 4,4 km sur la branche est et 4,0 km sur la branche ouest. Le style de minéralisation est similaire à celui des gisements du socle d’Athabasca, affichant une forte altération en hématite et des structures graphitiques.
Cette découverte positionne Angilak comme une potentielle nouvelle juridiction uranifère au Canada, particulièrement significative au vu des récentes annonces du gouvernement américain concernant l’expansion de leur réserve stratégique d’uranium au-delà de leur stock actuel de 14 mois.
ATHA Energy (OTCQB:SASKF) hat eine bedeutende Uranfundstelle auf dem Angilak-Uranprojekt in Nunavut, Kanada, bekannt gegeben. Der erste Bohrloch bei RIB North (RIBN-DD-001) hat 26,3 Meter Gesamtu ruth Uranmineralisierung durchschnitten, davon 1,9 Meter Hochgradmaterial, was die bislang besten Exploreergebnisse des Projekts darstellen.
Die Entdeckung erstreckt sich entlang des Mineralized RIB Corridor (MRC), wobei die Uranmineralisierung nun über eine 4,4 km Strike-Länge auf dem östlichen Ast und 4,0 km auf dem westlichen Ast nachgewiesen ist. Der Mineralisierungstyp ähnelt den im Athabasca-Basement gehosteten Vorkommen und weist eine starke Hämatit-Autalterierung sowie graphitische Strukturen auf.
Diese Entdeckung positioniert Angilak als potenzielle neue kanadische Uranjurisdiktion, was insbesondere vor dem Hintergrund der jüngsten Ankündigungen der US-Regierung zur Erweiterung der strategischen Uranreserve über den aktuellen Vorrat von 14 Monaten hinaus von Bedeutung ist.
ATHA Energy (OTCQB:SASKF) أعلنت عن اكتشاف هام لليورانيوم في مشروعAngilak لليورانيوم في نونافوت، كندا. الحفرة الأولى في RIB North (RIBN-DD-001) قطعت 26.3 مترًا من التكوين الإجمالي لليورانيوم، بما في ذلك 1.9 متر من المواد عالية الجودة، وهو ما يمثل أفضل نتائج الاستكشاف للمشروع حتى الآن.
يمتد الاكتشاف على طول ممر RIB المتميز (MRC)، مع تتبع التمعدن لليورانيوم الآن عبر طول ضربة قدره 4.4 كم في الفرع الشرقي و 4.0 كم في الفرع الغربي. نمط التمعدن مشابه للخامات المستضافة في قاع Athabasca، مع تعديل قوي لهيمايت وهياكل جرافيتية.
هذا الاكتشاف يجعل Angilak موقعًا محتملًا لمصدر يورانيوم كندي جديد، وهو أمر مهم بشكل خاص في ضوء إعلان الحكومة الأمريكية الأخير بشأن توسيع الاحتياطي الاستراتيجي لليورانيوم خارج مخزونها الحالي لمدة 14 شهرًا.
ATHA Energy（OTCQB:SASKF）宣布在加拿大努纳武特的Angilak铀矿项目取得重大铀矿发现。位于RIB North的首个井孔（RIBN-DD-001）探获26.3米的铀矿物质总量，其中包含1.9米高品位材料，为该项目迄今为止最好的勘探结果。
该发现沿着矿化RIB走廊（MRC）延伸，铀矿化现已在东支线达到4.4公里的走向长度，在西支线达到4.0公里。矿化风格类似于Athabasca基底宿主的矿床，具有强烈的赤铁矿变质和石墨结构。
此发现使Angilak成为加拿大潜在的新铀资源辖区，尤其在美国政府近期宣布扩大战略铀储备、超越当前14个月储备的背景下尤为重要。
- Major new uranium discovery with 26.3m of total composite mineralization
- Mineralization traced over extensive 4.4 km strike length on eastern limb
- Similar mineralization style to productive Athabasca Basin deposits
- Project shows potential for additional discoveries across 12 km corridor
- Strategic timing with US government plans to increase uranium reserves
- Mineralization found at significant depth (345-460m)
- True thickness of mineralization yet to be determined
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 23, 2025 / HIGHLIGHTS
Major new discovery within the Mineralized RIB Corridor ("MRC"), the RIB North Discovery, located ~1.4 km along strike from the nearest drillhole at the RIB East Discovery (Figures 1 & 2);
The first hole at RIB North, RIBN-DD-001, represents the most robust mineralized intersection to date within the MRC, and one of the most significant intersections within the Angilak Uranium Project (Figure 3);
Drillhole RIBN-DD-001, intersected 26.3 m of total composite uranium mineralization including 1.9 m of high-grade2, over 10 zones from 345.55 m to 460.05 m. The hole intersected 13.6 m of continuous mineralization (from 426.25 m to 439.85 m) including 1.7 m of high-grade mineralization2 with maximum radioactivity of 55,730 counts per second (CPS1);
Mineralization was initially intersected directly above the unconformity (located at 356.7m), extending into graphitic basement rock. The widest intersections are basement hosted vein style uranium mineralization, associated with strong hematite alteration, graphitic structures and overprinting silicification - similar in style and widths observed in Athabasca basement hosted deposits;
Uranium mineralization along the eastern limb of the MRC has now been intersected over a potential 4.4 km strike length, extending from RIB South to RIB North (Figure 2);
Along the parallel western limb of the MRC, the Company has intersected mineralization over an additional ~4.0 km with drillhole RIBW-DD-003, located ~1.5 km to the north of RIBW-DD-002 (See Sept. 18, 2025, News Release) (Figure 2);
Troy Boisjoli, CEO commented: "The newest drillhole results from the RIB North Discovery, situated along the Mineralized RIB Corridor (MRC), represent a distinct achievement, not only for the 2025 Angilak Exploration Program, but for the Company as a whole. They demonstrate that the Angilak Uranium Project has the potential to host thick, high-grade, basement hosted uranium mineralization on scale similar to what is found in the Athabasca Basin. From my previous experience working in both exploration and production across the Athabasca Basin, I am keenly aware of the geological characteristics of basement hosted style uranium deposits. ATHA's first hole at the RIB North Discovery, RIBN-DD-001, displays similar grades and thicknesses as other discovery holes from major basement deposits. When coupling the results from RIB North with the cumulative discoveries made across the 12 km long MRC, the evidence is stacking up that the MRC has the potential to host discoveries like those found along the Patterson Lake Corridor. Angilak has the makings of Canada's newest uranium jurisdiction, and this comes on the heels of the recent announcement by the US government for the need to increase their strategic reserves beyond the current 14-month stockpile - the US' current annual demand is ~50 million lbs U3O8. The Company couldn't be more excited about the trajectory of success at our Angilak Uranium Project and the entire uranium sector as whole."
Cliff Revering, VP Exploration added: "We continue to see compelling evidence of the immense potential within the RIB regional target area. Our team has now discovered uranium mineralization across a 12 km graphitic structural corridor, and the results from the first RIB North drillhole, located over 1.4 km away from the nearest drilling, demonstrate impressive scale and continuity. These results highlight how our technical team is successfully translating a robust targeting strategy into meaningful new discoveries and set us up for a very exciting year ahead. Our thesis that the Angikuni Basin is an emerging new uranium district with substantial scale potential is steadily being validated."
VANCOUVER, BC / ACCESS Newswire / September 23, 2025 /ATHA Energy Corp. (TSX.V: SASK)(FRA: X5U)(OTCQB: SASKF) ("ATHA" or the "Company"), is pleased to announce additional drilling results from the 2025 Angilak Exploration Program at its
The MRC is now defined by over 12 km of stacked conductors based on the EM Inversion Model (Figure 2). The eastern limb of the MRC now has mineralization traced over a potential 4.4 km strike length, extending from RIB South, across RIB East to RIB North. Mineralization along the parallel, western limb of the MRC, extends from the Historic RIB Discovery through to the RIB West Discovery, tracing mineralization over a potential 4.0 km strike length. Outside of the currently defined discoveries, the MRC remains open and prospective for additional discoveries across the entire 12 km MRC.
MRC Eastern Limb
Two additional drillholes were completed, RIBN-DD-001 and RIBS-DD-001, representing two new discoveries at RIB North and RIB South, both situated along the eastern limb of the MRC (Figure 2).
At RIB North, situated ~1.5 km northeast from the previously announced RIB East Discovery, maiden drillhole RIBN-DD-001, represents the best exploration drillhole to date at the Angilak Uranium Project. RIBN-DD-001, intersected 26.3 m of total composite uranium mineralization, including 1.9 m of high-grade2, over 10 zones from 345.55 m to 460.05 m (Figure 3). The hole intersected 13.6 m of continuous mineralization (from 426.25 m to 439.85 m) including 1.7 m of high-grade mineralization2 with maximum radioactivity of 55,730 CPS1. Mineralization was first intersected directly above the unconformity located at 356.7 m, extending into graphitic basement rock. The widest intersections are basement hosted, vein style uranium mineralization, associated with strong hematite alteration, graphitic structures and overprinting silicification - similar in style and widths observed in Athabasca basement hosted deposits.
One drillhole was completed at RIB South, located ~2.25 km to the south from the previously announced RIB East Discovery. The maiden drillhole, RIBS-DD-001, intersected low-grade mineralization over three zones with total composite mineralization of 2.1 m2 (Figure 4).
MRC Western Limb
Along the western limb of the MRC, one additional drillhole, RIBW-DD-003, located ~1.5 km from RIBW-DD-002 (See Sept. 18th, 2025, News Release) has been completed. Drillhole RIBW-DD-003, intersected continuous uranium mineralization over 1.8 m including 0.2 m of high-grade mineralization2. The mineralized interval intersected between 234.15 m and 235.98 m had an average radioactivity of 2,635 CPS1 and a peak of 16,030 CPS1 (Figure 5).
Figure 1: Angilak Project Area - 2025 Exploration Target Area (Black Rectangles), Mineralized RIB Corridor (Red Rectangles), & Mapped Historic Mineralized Showings
Figure 2: 2025 Angilak Exploration Program - EM Inversion Model &Drill Collar Locations from Mineralized RIB Corridor
Table 1: 2025 Angilak Exploration Program Drill Collar Information
*Previously released drillholes from 2025 Angilak Exploration Program
Figure 3: Striplog RIBN-DD-001 showing radioactivity based on 40TGU-1000 Triple Gamma Down Hole Probe1 & 2.
Figure 4: Striplog RIBS-DD-001 showing radioactivity based on 40TGU-1000 Triple Gamma Down Hole Probe1 & 2.
Figure 5: Striplog RIBW-DD-003 showing radioactivity based on 40TGU-1000 Triple Gamma Down Hole Probe1 & 2.
Down Hole Gamma Probe
1.A Mount Sopris 40TGU-1000 Triple Gamma Geiger down hole probe was utilized for radiometric surveying.
2The Company considers high-grade mineralization to be any interval with radioactivity derived from downhole gamma probe >10,000 CPS. The total gamma results provided were selected using an average cutoff of 500 CPS over intervals of 0.1 metre width. All drill intercepts are core width and true thickness is yet to be determined.
Core samples are submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon. The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed for a multi-element suite using partial and total digestion inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.
Disclaimer for Historical Drilling and Outcrop Samples
Certain noted technical information provided herein has been derived exclusively and without independent verification from the following reports. Such information is historical in nature and is not considered by the Company to be current. In each case, the reliability of the historical information is considered reasonable by the Company. The historical information provides an indication of the exploration potential of the properties but may not be representative of expected results. Readers should read the entirety of such noted reports to fully understand the nature of the information referenced herein. Samples, including, without limitation, outcrop samples, by their nature, are selective in nature and significant variations may be seen from sample to sample. Accordingly, sample information may not be representative of the true underlying mineralization.
References for Historic Diamond Drilling Results and Surficial Sampling
Dufresne, M.B. and Schoeman, P. (2024). Technical report on the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of ATHA Energy Corp. and Labrador Uranium Inc., January 31st, 2024. A copy of such report is available on the SEDAR+ profile of the Company at www.sedarplus.com.
Qualified Person
The scientific and technical information contained in this news release have been reviewed and approved by Cliff Revering, P.Eng., Vice President, Exploration of ATHA, who is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About ATHA
ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three
On Behalf of the Board of Directors
Troy Boisjoli, CEO, ATHA Energy Corp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
Website: www.athaenergy.com
Phone: 1-(236)-521-0526
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to ATHA's proposed exploration program, including statements with respect to the expected benefits of ATHA's proposed exploration program, any results that may be derived from ATHA's proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA's proposed exploration program, any results that may be derived from the diversification of ATHA's portfolio, the prospects of ATHA's projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA's business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA's projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA's proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA's exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA's proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA's proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although ATHA has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA's portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA's current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA's profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: ATHA Energy Corp
View the original press release on ACCESS Newswire
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