Atha Energy Launches 2025 Angilak Uranium Exploration Program

The latest announcement is out from Atha Energy Corp. ( (TSE:SASK) ).

Atha Energy Corp. has completed ground geophysics and is set to commence its 2025 Angilak diamond drill exploration program, aiming to expand the Lac 50 Deposit and explore the Rib-Nine Iron Trend. The program builds on a successful 2024 campaign, with a focus on high-priority targets like the KU and Rib Discoveries, which have shown promising historical uranium grades. The company’s efforts are poised to enhance its position in the uranium sector, potentially establishing the Angikuni Basin as a leading uranium jurisdiction in Canada.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Spark’s Take on TSE:SASK Stock

According to Spark, TipRanks’ AI Analyst, TSE:SASK is a Neutral.

Atha Energy Corp. shows potential for growth due to positive corporate events, such as a significant uranium discovery and successful financing. However, challenges in achieving profitability, weak technical indicators, and an unattractive valuation weigh down the overall score. The strong balance sheet provides some stability, but operational improvements are essential for better financial health.

To see Spark’s full report on TSE:SASK stock, click here.

More about Atha Energy Corp.

Atha Energy Corp. operates in the uranium exploration industry, focusing on discovering and expanding uranium deposits. The company is involved in identifying high-grade uranium mineralization through advanced geophysical surveys and drilling programs, primarily targeting the Angikuni Basin, which is analogous to the Athabasca Basin.

Average Trading Volume: 332,671

Technical Sentiment Signal: Hold

Current Market Cap: C$129.9M

See more insights into SASK stock on TipRanks’ Stock Analysis page.