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OTCQB: SASKF $0.30
TSXV: SASK $0.44

Developing Canada’s Uranium Assets in Pursuit of a Clean Energy Future

ATHA is Canadian uranium stock that trades on the TSX Venture and US OTCQB equity markets. The company is engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Project located in Nunavut, and CMB Discoveries in Labrador hosting historical resource estimates of 43.3 million lbs at 0.69% U3O81 and 14.5 million lbs at 0.037% U3O82 respectively, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin). In addition, the Company holds the largest cumulative prospective exploration land package (7.3 million acres) in two of the world’s most prominent basins for uranium discoveries – ATHA is well positioned to drive value. ATHA also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.

Corporate Presentation
Nuclear Revolution

Building a strong foundation for shareholder value creation

ATHA holds the largest prospective land package in the highest-grade uranium districts in the world – 3.8 million acres in the Athabasca Basin, 3.1 million acres in Nunavut, and 399k acres in Newfoundland and Labrador’s Central Mineral Belt.

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Management Team and Board of Directors

Meet the team behind ATHA Energy Corp. Our management team and board of directors have decades of experience in driving growth and generating shareholder value.

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Massive Supply Deficit

The uranium market is currently in a 23% supply deficit and expected to increase significantly by 2040, with over 50% of global production embedded with significant geopolitical risk.

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WHY NUCLEAR

The primary source for global energy in the future will be clean, scalable, baseload capable, and secure

Emission-Free

As the lowest CO2 energy option, nuclear is the best choice for governments looking to achieve their stated climate objectives.

Mass Scale

Uranium’s unmatched energy density allows nuclear energy production to provide primary energy production with minimal footprint.

Baseload Capacity

Nuclear is the only clean energy source capable of providing reliable baseload electricity to supplement intermittency of renewables

Stable Supply

Uranium accounts for a minor proportion of total generating costs, insulating countries from major price swings or supply disruptions.

THE ATHABASCA BASIN
Home to the largest and highest-grade uranium deposits in the world

The Athabasca Region has produced over 900 million lbs of U3O8 since 1975, with known resources of 606,600 tonnes and ample room for further exploration. Covering 100,000 km2 across Saskatchewan and Alberta, the region is critical for future demand. Saskatchewan is highly ranked for overall investment attractiveness, according to the Fraser Institute mining survey, making it an attractive location for mining investment.

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1Historical Estimates: Angilak

  • Mineral resources which are not mineral reserves do not have demonstrated economic viability.
  • The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
  • The quality and grade of the reported inferred resource in these estimations are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.
  • Contained value metals may not add due to rounding.
  • A 0.2% U3O8 cut-off was used.
  • The mineral resource estimates contained in this table are considered to be “historical estimates” as defined under NI 43-101 and are not considered by ATHA to be current.
  • Reported by ValOre Metals Corp. in a Technical Report entitled “Technical Report and Resource Update For The Angilak Property, Kivalliq Region, Nunavut, Canada”, prepared by Michael Dufresne, M.Sc., P.Geol. of APEX Geosciences, Robert Sim, B.Sc., P.Geo. of SIM Geological Inc. and Bruce Davis, Ph.D., FAusIMM of BD Resource Consulting Inc., dated March 1, 2013.
  • As disclosed in the above noted technical report, the historic estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Dr. Bruce Davis, FAusIMM, and consists of three-dimensional block models based on geostatistical applications using commercial mine planning software. The project limits area based in the UTM coordinate system (NAD83 Zone14) using nominal block sizes measuring 5x5x5m at Lac Cinquante and 5x3x3 m (LxWxH) at J4. Grade (assay) and geological information is derived from work conducted by Kivalliq during the 2009, 2010, 2011 and 2012 field seasons. A thorough review of all the 2013 resource information and drill data by a Qualified Person , along with the incorporation of subsequent exploration work and results, which includes some drilling around the edges of the historical resource subsequent to the publication of the 2013 technical report, would be required in order to verify the Angilak Property historical estimate as a current mineral resource.
  • The historical mineral resource estimate was calculated in accordance with NI 43-101 and CIM standards at the time of publication and predates the current CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (November, 2019).

2Historical Estimates: CMB

  • CMB/Moran Lake: Reported by Crosshair Exploration & Mining Corp. in a Technical Report entitled “Form 43-101F1 Technical Report on the Central Mining Belt (CMB) Uranium Project, Labrador, Canada, Prepared for Crosshair Exploration & Mining Corp.”, prepared by Jeffrey A. Moran, P.Geo. and Gary H. Giroux, P.Eng., dated July 31, 2008 with an updated mineral resource estimate for the Moral Lake C-Zone along with initial mineral resources for the Armstrong and Area 1 deposits.
  • As discussed in the above report, the historical estimate was prepared based on a modelling of three packages in the Moran Lake Upper C-Zone (the Upper C Main, Upper C Mylonite, and Upper C West), Moran Lake Lower C-Zone, two packages in Armstrong (Armstrong Z1 and Armstrong Z3), and Trout Pond. 3. These mineral resources are based on 3D block models with ordinary kriging used to interpolate grades into 10 m x 10 m x 4 m blocks. Moran Lake Upper C-Zone has an indicated mineral resource of 6.92 million t at 0.034% U3O8 and 0.077% V2O5 or 5.19 million pounds of U3O8 and 11.75 million pounds of V2O5. A cut-off grade of 0.015% U3O8 was used for all zones other than the Lower C Zone which employed a cut-off grade of 0.035%. The total inferred mineral resource reported for the Moran Lake Upper and Lower C-Zones, Trout Pond, and Armstrong was 8.17 million t at 0.032% U3O8 and 0.088% V2O5 or 5.82 million pounds of U3O8 and 15.81 million pounds of V2O5.
  • A thorough review of all historical data performed by a Qualified Person, along with additional exploration work to confirm results would be required to produce a current mineral resource estimate prepared in accordance with NI 43-101.
  • CMB/Anna Lake: Reporeted by Bayswater Uranium Corporation in a Technical Report entitled “Form 43-101 Technical Report on the Anna Lake Uranium Project, Central Mining Belt, Labrador, Canada” prepared by R. Dean Fraser, P.Geo. and Gary H. Giroux, P.Eng dated September 30, 2009. As discussed in the above report, the historical estimate was prepared using a 3-dimensional geologic model of the deposit was created for the purpose of the resource estimate using the Gemcom/Surpac modeling software. A solid model was created using a minimum grade x thickness cutoff of 3 meters grading 0.03% U3O8. Intersections not meeting this cutoff were generally not incorporated into the model. The shell of this modeled zone was then used to constrain the mineralization for the purpose of the block model. Assay composites 2.5 meters in length that honoured the mineralized domains were used to interpolate grades into blocks using ordinary kriging. An average specific gravity of 2.93 was used to convert volumes to tonnes. The specific gravity data was acquired in-house and consisted of an average of seventeen samples collected from the mineralised section of the core. The resource was classified into Measured, Indicated or Inferred using semi-variogram ranges applied to search ellipses. All resources estimated at Anna Lake fall under the “Inferred” category due to the wide spaced drill density.
  • An exploration program, including the twinning of historical drill holes in order to verify the Anna Lake Project estimate would be required to produce a current mineral resource estimate prepared in accordance with NI 43-101.