Generation Uranium Launches Website, Investor Presentation Highlighting Yath Project

Vancouver, British Columbia — May 14, 2026 — Leads & Copy — Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) has launched its newly designed website (www.generationuranium.com) and investor presentation to showcase the discovery potential of the Yath Uranium Project in Nunavut, Canada, as the Company prepares for the 2026 exploration season, according to a press release issued May 14, 2026.

The Yath Project covers over 17,363 ha in the Yathkyed and Angikuni sub-basins of the Thelon Basin in Nunavut, Canada. The project has been subject to episodic exploration since the 1980s for uranium, diamonds, and IOCG copper. Ground exploration has defined surface samples of up to 9.81% U3O8 and 0.12% U3O8 over 1.5 metres in drilling, with multiple under-explored unconformity-style uranium targets such as the VGR trend, BOG Zone, Fog & IM-6, Embryo, Lucky Break, MP-25, and Boulder Lake.

The Yath Project is located near Atha Energy Corp’s Angikuni Project. Atha has raised $63 million this year to focus on drilling and exploration at the Angikuni Project, where they have mobilized a third drill rig to follow up on five new drill discoveries in 2025.

CEO Michael Collins stated that Atha Energy’s announcement of the start of exploration last week at the Angilak Project on the company’s southern and northern claim borders provides a great opportunity for current and potential investors to delve deeper into the company’s story and understand the discovery potential of the Yath Project.

Generation Uranium is focused on advancing high-quality uranium assets in premier jurisdictions. Its flagship Yath Project is strategically located in Nunavut’s Angilak district. With a growing portfolio of high‑priority targets and exposure to proven mineralized trends, Generation is well positioned to build value while contributing to the future global supply of clean nuclear energy.

The uranium market in 2026 is strengthening, supported by a widening structural supply deficit and accelerating global demand. Spot prices surpassed US$100/lb early in the year as mine production struggles to keep pace with reactor requirements. Demand growth is being driven by the expansion of AI‑powered data centers, alongside increases in nuclear generation capacity in China, India, and the United States. Long‑term contract prices have now moved above spot.

A sector report released by Shaw and Partners in February 2026 forecasts the potential for a multi‑year uranium price spike toward US$200/lb, highlighting tightening fuel contracting cycles, accelerating nuclear demand, and persistent supply shortfalls.

The report also underscores a disconnect between uranium supply and long‑term reactor demand. Global nuclear capacity currently consumes approximately 180 million pounds (Mlb) of U₃O₈ annually, while existing mine production delivers only about 150 Mlb. According to the World Nuclear Association’s reference scenario, global nuclear capacity could expand significantly by 2040, pushing annual uranium consumption toward 390 Mlb.

Shaw and Partners’ modelling indicates that new mine supply requirements this decade could exceed 350 Mlb and that structural supply deficits could surpass 200 Mlb per year in the coming decades unless new large‑scale uranium projects are brought into production.

The uranium market is expected to remain tight, with low inventories and rising demand driving utilities toward long‑term contracting strategies.

Michael Collins, President, CEO and Director, a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific information that forms the basis for this news release.

*Exploration on adjacent or nearby properties does not guarantee that similar mineralization exists on a specific property.

Source: Generation Uranium