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The latest announcement is out from Generation Gold Corp. Class A ( (TSE:GEN) ).
Generation Uranium Inc. has signed a definitive agreement to acquire 100% of the Yath Extension Property in Nunavut, adding 4,123.94 hectares across five claims and expanding its Yath Project to roughly 18,214.87 hectares in the Angilak Uranium District. The property, underlain by uranium‑copper‑prospective Kaminak Group rocks and hosting several historical high‑grade uranium showings and unexplained geophysical conductors, is expected to strengthen the company’s control over key structural corridors and enhance its pipeline of high‑value exploration targets. Under the terms, vendors will receive 14 million common shares issued in two annual tranches, a $60,000 cash payment, and a 2% net smelter return royalty, subject to TSX Venture Exchange approval, reflecting a structured, equity‑heavy deal that deepens Generation Uranium’s strategic footprint in Nunavut’s emerging uranium belt.
More about Generation Gold Corp. Class A
Generation Uranium Inc. is a Canadian resource exploration company focused on uranium, advancing its 100%-owned Yath uranium project in Nunavut’s Angilak district, one of Canada’s most active emerging uranium camps. With a portfolio of high-priority exploration targets along proven uranium-bearing corridors, the company aims to position itself as a future contributor to the global supply of clean nuclear energy.
Average Trading Volume: 80,911
Technical Sentiment Signal: Hold
Current Market Cap: C$3.79M
For a thorough assessment of GEN stock, go to TipRanks’ Stock Analysis page.