Welcome to our dedicated page for Atha Energy news (Ticker: SASKF), a resource for investors and traders seeking the latest updates and insights on Atha Energy stock.
ATHA Energy Corp (SASKF) generates frequent news flow related to its uranium exploration activities and capital markets transactions. As a Canadian mineral company focused on uranium assets, ATHA issues detailed updates on drilling, geophysical work, technical reporting, and financing that are relevant to investors following the uranium and energy sectors.
Many of the company’s recent news releases center on the Angilak Uranium Project in Nunavut. ATHA reports on drill results along the Lac 50 Trend and the RIB–Nine Iron Trend, including the Mineralized RIB Corridor, where discoveries at RIB East, RIB West, RIB North, and RIB South have been announced. These updates often include information on composite uranium mineralization, high-grade intervals, and the use of EM inversion modeling to guide targeting.
News items also cover technical and regulatory developments, such as the filing and amendment of NI 43-101 Technical Reports, clarification of historical mineral resource disclosure, and the filing of an annual information form. Financing-related releases describe bought-deal private placements of special warrants, short form prospectus filings, and a convertible debenture financing with Queen’s Road Capital Investment Ltd., outlining how proceeds are intended to support exploration at Angilak and other projects.
In addition, ATHA publishes announcements on corporate matters such as equity incentive grants, market making agreements, and investor rights arrangements connected to financings. Readers of this news page can review a continuous record of ATHA’s exploration results, technical updates, and financing activities, providing context for the company’s progress across its uranium project portfolio.
ATHA Energy (OTCQB:SASKF) has begun ongoing site mobilization for its 2026 Angilak Exploration Program, with fuel, supplies and a third diamond drill delivered in mid-March. Mobilization uses ATR planes from Yellowknife, Baker Lake and Rankin Inlet to Angilak's winter airstrip.
The program is fully funded following a CAD $63 million financing closed in February and is planned as the largest campaign to date, with diamond drilling expected to start in late April 2026. Prior campaigns (2024–2025) expanded Lac 50 and discovered five new showings, including a RIB North intercept of 34.7 m composite mineralization and grades up to 8.16% U3O8 over 0.5 m.
ATHA Energy (OTCQB:SASKF) reported final assays from its 2025 Angilak Exploration Program in Nunavut, confirming high‑grade uranium at KU and Mushroom Lake and expansion of J4/Ray beyond the 2024 Lac 50 Exploration Target area.
Key results include composite intercepts (KU-DD-001: 15.1 m) and high grades up to 1.56% U3O8, with the Lac 50 Exploration Target range reiterated at 60.8–98.2 M lbs at 0.37–0.48% U3O8.
ATHA Energy (OTCQB:SASKF) completed combined financings totaling approximately CAD $63 million on February 5, 2026, enabling an expanded 2026 exploration program at its 100%‑owned Angilak uranium project in Nunavut.
Funds will support the largest Angilak campaign to date—additional diamond drilling, aerial geophysics, surficial mapping, full Angikuni Basin coverage, and mobilization beginning March with field work late April–early May.
The 2025 program yielded five new uranium showings; Lac 50 retains a 2024 conceptual exploration target of 60.8–98.2 Mlbs U3O8 at average grades of 0.37%–0.48%, though that target is not a defined mineral resource.
ATHA Energy (OTCQB:SASKF) closed approximately C$63 million in financings on February 5, 2026 to advance exploration and development of its Angilak uranium project in Nunavut. The financings comprise USD$25 million of unsecured convertible debentures with Queen's Road Capital and a C$28.75 million charity flow-through share offering.
Debentures mature February 5, 2031, bear 12% annual interest (two-thirds cash, one-third potentially payable in shares), convertible at C$0.85 per share; FT proceeds are earmarked for qualifying Canadian exploration expenditures by December 31, 2027.
ATHA Energy (OTCQB:SASKF) has upsized a private placement with Queen's Road Capital to USD$25,000,000 (approx C$34.5M) of unsecured convertible debentures to fund exploration and development of the Angilak Uranium Project and general corporate purposes. The Debentures carry a 5-year term and 12% annual interest (8% cash, 4% payable in shares subject to TSXV approval). Debentures are convertible at C$0.85 per share. QRC receives an investor rights agreement, a two-year option to buy an additional USD$25M on similar terms, and a 3% establishment fee payable in cash or shares. Closing is subject to customary due diligence and TSXV and other regulatory approvals.
ATHA Energy (OTCQB:SASKF) entered a binding term sheet on January 13, 2026 for a private placement of US$20 million of unsecured convertible debentures to Queen's Road Capital (QRC), with proceeds to fund exploration and development of the Angilak Uranium Project in Nunavut and for general corporate purposes.
The Debentures bear 12% annual interest (5-year term), with two-thirds (8%) payable in cash quarterly and one-third (4%) payable in Shares at the greater of 20-day VWAP and the TSXV minimum. Debentures are convertible at C$0.85 per share (Bank of Canada exchange rate basis) and QRC has a two-year option to acquire an additional US$20 million on substantially the same terms. A 3% establishment fee is payable to QRC at closing, subject to customary approvals and due diligence.
ATHA Energy (OTCQB:SASKF) announced on January 2, 2026 the grant of 10,150,000 incentive stock options and 1,300,000 restricted share units to certain participants, including directors and officers, under its equity incentive plan.
Key terms: Options vest one-third at issuance, one-third at 6 months, one-third at 12 months; 5-year exercise term; exercise price $0.61 per share. RSUs vest at 12 months and convert to one common share each on redemption. The Plan cap is 10% of issued shares, explicitly noted as 31,654,604 common shares at the time of the grants. The company relied on MI 61-101 exemptions for valuation and minority approval.
ATHA Energy (OTCQB:SASKF) reported assay results from twelve 2025 drill holes along a 12 km Mineralized RIB Corridor (MRC) at the Angilak project in Nunavut.
Key highlights: a 100% success rate for holes intersecting uranium mineralization across RIB East, West and South; high‑grade assays up to 5.55% U3O8 over 0.5 m; RIB East defined by eight holes over a 750 m strike (open in all directions); RIB West by three holes over 2.2 km (open); RIB South defined by one hole. The MRC hosts Athabasca‑style basement, sandstone and unconformity mineralization and remains open where MMT survey coverage is lacking.
ATHA Energy (OTCQB:SASKF) announced assays from its maiden RIBN-DD-001 drillhole at the RIB North Discovery, Angilak Project, dated November 20, 2025. The hole returned 34.7 m of total composite uranium mineralization across seven zones from 287.0 m to 439.9 m, including a 13.6 m continuous interval averaging 0.53% U3O8 and a 1.1 m interval at 4.81% U3O8 (highest sample 8.16% U3O8 over 0.5 m).
The RIB North lies on a 4.4 km limb of a 12 km Mineralized RIB Corridor; 2025 drilling tested 3D EM anomalies with a reported 100% success rate for intersecting uranium and identified four new mineralized areas (RIB East, West, North, South). Remaining 2025 assays are expected within Q4 2025.
ATHA Energy (OTCQB:SASKF) reported 2025 Angilak Program drilling and geophysics updates at Mushroom Lake and the KU discovery. The program completed 23 diamond holes totaling 10,774 m, defining uranium mineralization in ML-DD-014 (composite 2.1 m, including 0.2 m high-grade) and KU-DD-004 (composite 10.4 m). Advanced EM inversion modelling mapped structural corridors across the Lac 50 and RIB-Nine Iron trends, identifying a 12 km-long prospective corridor and multiple untested targets. All core samples have been submitted and assays are pending, with additional results expected in Q4 2025.