ATHA Energy Mobilizes for Record 2026 Angilak Uranium Exploration Program

An update from Atha Energy Corp. ( (TSE:SASK) ) is now available.

ATHA Energy has begun ongoing site mobilization for its fully funded 2026 Angilak Exploration Program in Nunavut, shipping fuel, supplies and a third diamond drill to the Angilak Uranium Project via ATR aircraft from Yellowknife, Baker Lake and Rankin Inlet. The campaign, expected to start drilling in late April, will be the largest ever at Angilak, building on a 2024 program that expanded the Lac 50 mineralized footprint and a 2025 regional effort that discovered five new uranium showings, including high-grade intercepts at RIB North, reinforcing ATHA’s position as one of the best-capitalized uranium explorers globally.

By scaling up activity after a recent C$63 million financing, ATHA is signaling an aggressive push to unlock further uranium resources across the Angikuni Basin. The expanded 2026 program is likely to be closely watched by investors and industry peers, as successful follow-up on recent discoveries could enhance the project’s strategic value and solidify the company’s standing in the competitive Canadian uranium exploration sector.

The most recent analyst rating on (TSE:SASK) stock is a Hold with a C$1.00 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 SASK Stock

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

The score is held back primarily by very weak financial performance (no revenue, ongoing losses, and significant cash burn), despite a low-debt balance sheet. Technicals are a clear positive with a strong uptrend and positive momentum, while valuation remains pressured by the negative P/E and lack of dividend yield data.

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

More about Atha Energy Corp.

ATHA Energy Corp. is a uranium mineral exploration company focused on advancing its flagship Angilak Project in southern Nunavut, where it controls 100% of the Angikuni Basin. The company holds the largest cumulative prospective uranium exploration land package in Canada, totaling 6.8 million acres, and also maintains a 10% carried interest in key Athabasca Basin projects operated by NexGen Energy Ltd. and IsoEnergy Ltd., backed by institutional investors including Queens Road Capital Investment.

Average Trading Volume: 1,393,195

Technical Sentiment Signal: Buy

Current Market Cap: C$221.6M

For detailed information about SASK stock, go to TipRanks’ Stock Analysis page.