Welcome to our dedicated page for Atha Energy news (Ticker: SASKF), a resource for investors and traders seeking the latest updates and insights on Atha Energy stock.
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 (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) announced significant developments including a successful CAD $11.5 million over-subscribed bought deal and its third uranium discovery of 2025 at the Angilak Project in Nunavut, Canada.
The company reported two major discoveries: RIB West Discovery, defined by two drill holes intersecting uranium mineralization over ~340m strike length, with high-grade results showing up to 18,485 CPS, and RIB East Discovery, now expanded to eight mineralized drill holes over ~750m strike length, with peaks of 19,956 CPS.
The exploration program has benefited from Advanced Electromagnetic Inversion modeling across 12km of the 31km RIB-Nine Iron Trend, successfully mapping multiple stacked conductors. Currently, only ~55% of expected diamond drillhole results have been announced, with significant exploration potential remaining.
ATHA Energy Corp. (OTCQB:SASKF) has filed updated technical reports for two of its properties following a review by the British Columbia Securities Commission. The company submitted an updated NI 43-101 technical report for its CMB property in Newfoundland and Labrador, prepared by Stefan Kruse of Terrane Geoscience Inc., and another for its Gemini property in Saskatchewan, prepared by William Yeomans of Yeomans Geological Inc.
The company has also updated its website, investor presentation, and other materials to reflect these changes. The technical information has been reviewed and approved by Cliff Revering, the Company's Vice President of Exploration.
ATHA Energy (OTCQB:SASKF) has announced significant uranium discoveries at its RIB East target within the 100%-owned Angilak Uranium Project in Nunavut. The company completed three successful drill holes that intersected shallow uranium mineralization, representing the second new discovery during the 2025 Angilak Exploration Program.
Key findings include high-grade mineralization in RIBE-DD-002 with max radioactivity of 16,947 CPS, and RIBE-DD-003 showing continuous high-grade mineralization with max radioactivity of 30,730 CPS. The mineralization is hosted within a graphitic structure, similar to uranium deposits in the Athabasca Basin. The RIB East Discovery spans a 2-km long by 500m wide gravity anomaly with coincident conductors.
The discovery is part of ATHA's broader 10,000m diamond drilling program along the 31km RIB-Nine Iron Trend, demonstrating the potential of the Angikuni Basin as an emerging uranium district.
ATHA Energy (OTCQB:SASKF) has announced significant results from its first two diamond drill holes at the Angilak Uranium Project in Nunavut. The company's maiden drill hole at the KU Discovery Target successfully intersected shallow high-grade uranium mineralization, with a continuous shallow zone showing max radioactivity up to 18,490 CPS. The hole revealed total composite mineralization of 7.1m.
At the Lac 50 Deposit, drilling extended mineralization down-dip by ~100m, with hole J4R-DD-0091 intersecting 3.8m of composite mineralization including 0.4m of >10,000 CPS. These results are part of ATHA's 2025 Angilak Exploration Program, which comprises approximately 10,000m of diamond drilling.
The findings validate ATHA's thesis that the 31km RIB-Nine Iron corridor is prospective for hosting uranium mineralization within the Angikuni Basin, which they consider a direct analog to the Athabasca Basin.ATHA Energy Corp (OTCQB:SASKF), the holder of the largest uranium exploration portfolio in two high-grade uranium districts, has appointed industry veteran Suraj Ahuja to its Board of Directors. Ahuja, who has served as ATHA's Technical Advisor since February 2024, brings over 50 years of resource development experience, particularly in uranium exploration. His notable experience includes working as Senior Geologist at Saskatchewan Mining and Development Corporation (now Cameco Corporation) from 1978-1988, where he helped develop some of Canada's prominent uranium assets. He previously served as a director of UEX Corp until its acquisition by Uranium Energy Corp in 2022. The appointment coincides with Sean Kallir stepping down from ATHA's board.
ATHA Energy (SASKF) has completed mobilization for its 2025 exploration program at the Angilak Uranium Project in Nunavut and commenced ground gravity and electromagnetic surveys. The program focuses on the highly prospective 31 km Rib-Nine Iron Trend, which extends under the Angikuni Basin.
Key targets include: the RIB Discovery with historic shallow mineralization, the KU Discovery with historical trench samples up to 30.7% U3O8, and the Nine-Iron Discovery with surface samples reaching 30.3% U3O8. Diamond drilling is anticipated to begin in early June 2025, targeting shallow, high-grade uranium deposits along the corridor.
The project, located 225 km southwest of Baker Lake, builds on ATHA's successful 2024 campaign where all 25 step-out holes at the Lac 50 Deposit were mineralized. The company aims to define discoveries that could reshape the region's significance in global uranium production.
ATHA Energy Corp (OTCQB:SASKF) has successfully completed a fully-subscribed private placement offering, raising aggregate gross proceeds of $10 million. The offering consisted of:
- 16,766,490 flow-through common shares at $0.47 per share
- 3,475,000 Charity FT Shares at $0.61 per share
The offering was conducted through an agency agreement with Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp. as co-lead agents, with Red Cloud Securities Inc. participating. Agents received a 6.0% cash fee from the gross proceeds. The funds will be used for eligible Canadian exploration expenses, qualifying as flow-through critical mining expenditures for the Angilak project and other exploration-stage projects, to be completed by December 31, 2026.
ATHA Energy has announced significant findings from SRK Consulting's independent report on their Angilak Uranium Project in Nunavut, Canada. The report highlights a major uranium discovery with the Rib-Nine Iron Trend extending to 31 km, featuring surface grades up to 30.3% U3O8, and the Mushroom Lake Outcrop showing grades up to 47.8% U3O8.
Key developments include:
- Expansion of project area by 25,194 additional acres
- Completion of >10,000m drill program with 100% of holes intersecting uranium mineralization
- Discovery of multiple high-grade uranium outcrops
- Identification of Athabasca-style mineralization with grades up to 5.6% U3O8
The company plans to execute aerial and ground geophysical surveys in April 2025, preparing for diamond drilling phase. The project shows similarities to the Athabasca Basin, with the structural interpretation suggesting potential for additional high-grade uranium discoveries.