Atha Energy Corp. ( (TSE:SASK) ) has shared an announcement.
ATHA Energy Corp. has completed mobilization for its 2025 exploration program at the Angilak Uranium Project in Nunavut, Canada. The company has commenced ground gravity and electromagnetic surveys along the 31 km Rib-Nine Iron Trend to identify targets for drilling, which is expected to start in early June. This initiative follows a successful 2024 campaign and aims to uncover high-grade uranium deposits that could significantly impact the global uranium landscape. The surveys are part of ATHA’s strategy to enhance its understanding of the Angikuni Basin’s geological potential and to define new high-priority targets for exploration.
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 with positive corporate events such as financing and a significant uranium discovery. However, profitability challenges, weak technical indicators, and an unattractive valuation weigh down the overall score. The company’s strong balance sheet provides some stability, but operational improvements are needed to enhance financial health.
To see Spark’s full report on TSE:SASK stock, click here.
More about Atha Energy Corp.
ATHA Energy Corp. is a company involved in uranium exploration, holding the largest exploration portfolio in two of the highest-grade uranium districts globally. The company focuses on discovering and developing high-grade uranium deposits, particularly in the Angikuni Basin, Nunavut.
YTD Price Performance: -36.51%
Average Trading Volume: 294,611
Technical Sentiment Signal: Buy
Current Market Cap: C$114.2M
For a thorough assessment of SASK stock, go to TipRanks’ Stock Analysis page.