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ATHA Energy (TSXV:SASK) - Canadian Uranium Explorer Accelerates Development Timeline Post-Merger

20 Jan 2025

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Interview with Troy Boisjoli, CEO, ATHA Energy CorpOur previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-advanced-north-american-uranium-project-6308Recording date: 17th of January, 2025ATHA Energy Corporation has emerged as a significant player in Canada's uranium sector, controlling the largest uranium exploration land package in the country with 8.5 million acres across the Athabasca and Thelon Basins. The company's flagship Angilak project in Nunavut Territory hosts a high-grade inferred resource of 43 million pounds U3O8 at 0.69% grade, comparable to Cameco's former Eagle Point mine.In 2024, ATHA completed a transformative year, executing a three-way merger with 92 Energy and Latitude Uranium while conducting an extensive exploration program at Angilak. The company drilled 10,000 meters across 25 holes, with each hole intersecting uranium mineralization and expanding the existing resource. Recent geophysical surveys have identified a 25-kilometer-long conductor trend, suggesting significant exploration potential.ATHA has outlined an exploration target of up to 98 million pounds at Angilak, positioning it potentially among the top five uranium projects in Canada. The company plans to focus 70% of its 2025 efforts on advancing Angilak while exploring its broader land package.According to CEO Troy Boisjoli, ATHA sees significant opportunity in the current market environment. The company's peer analysis shows uranium companies in the Canadian landscape trading at $6-12 per pound on an enterprise value basis, suggesting potential upside as ATHA advances its resource development.The broader uranium market context appears favorable, with growing nuclear energy adoption globally as countries pursue decarbonization goals. Supply constraints, following years of underinvestment, combined with increasing demand from major producers and new market participants like the Sprott Physical Uranium Trust, are creating bullish market conditions.The geopolitical landscape adds another dimension to ATHA's strategic position. With Russia and Kazakhstan controlling over half of global uranium supply, Western utilities are seeking alternative sources, enhancing the value of projects in stable jurisdictions like Canada.Looking ahead, ATHA's investment thesis rests on several pillars: its large, high-grade resource with expansion potential, tier-one asset potential at Angilak, extensive exploration upside across its land package, and exposure to rising uranium prices. The company's 2025 plans include resource expansion and development studies, which could serve as major catalysts for growth as the uranium market continues to strengthen.Learn more: https://www.cruxinvestor.com/companies/atha-energySign up for Crux Investor: https://cruxinvestor.com

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