ATHA Energy (TSXV:SASK) - Ex-Cameco Team Makes 2nd High Grade Discovery

Interview with Troy Boisjoli, CEO of ATHA Energy Corp.

Our previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-maiden-drill-hole-success-validates-district-scale-uranium-potential-7358

Recording date: 18th July 2025

ATHA Energy's technical team has demonstrated exceptional discovery capabilities with consecutive high-grade uranium intersections at the Angilak project, validating their systematic exploration approach in Canada's previously untested Angikuni basin. The company's proven ability to translate geological theory into drill bit success positions it as a standout performer in the uranium exploration sector.

*Proven Track Record of Discovery Excellence*
The exploration team's methodical approach has yielded remarkable results, achieving mineralization in all three initial drill holes along the Rib 9 Iron trend over 400 meters of strike length. This 100% success rate demonstrates the team's ability to accurately target high-probability areas within a previously unexplored basin, a skill that distinguishes experienced explorers from speculative ventures.

Led by CEO Troy Bojlet and supported by former Cameco personnel who brought the Cigar Lake mine into production, the team combines decades of Athabasca basin experience with cutting-edge exploration techniques. Their integrated approach utilizing structural geology, geochemistry, and advanced geophysics has compressed typical exploration timelines from years into months while maintaining discovery success.

The team's expertise extends beyond individual discoveries to systematic regional understanding. Their comprehensive 12-month generative exploration program acquired extensive geophysical and geochemical data, creating three-dimensional models that accurately predicted drill hole intersections. This predictive capability reduces exploration risk while maximizing discovery potential across the expansive land package.

*Technical Innovation Drives Results*
ATHA Energy's technical team employs sophisticated modelling techniques, including Maxwell plate modelling of electromagnetic data, to create three-dimensional representations of conductive structures. This advanced approach enables precise targeting of graphitic fault zones that host uranium mineralization, significantly improving drilling efficiency and success rates.

The team's ability to rapidly integrate real-time drilling observations with existing geological models allows for dynamic exploration decision-making. As CEO Bojlet explains: "Our understanding of the controls on mineralization here is evolving very rapidly. What would take years typically is being condensed into weeks and months." This accelerated learning curve translates directly into faster discovery timelines and reduced exploration costs.

Their systematic de-risking methodology involves ground gravity and electromagnetic surveys before drilling, ensuring high-confidence targets before committing drill budgets. This disciplined approach has produced consistent results, with the recent Lac 50 expansion achieving mineralization in all 25 drill holes during the previous year's program.

*Strategic Advantage Through Team Expertise*
The team's deep understanding of uranium systems enables the identification of district-scale opportunities often missed by less experienced operators. Their recognition of structural controls across multiple target areas within the Angikuni basin demonstrates the ability to think beyond individual prospects toward comprehensive resource development.

Former Cameco personnel bring practical mine development experience rarely found in exploration companies. This operational knowledge provides critical insight into what geological characteristics translate into economic deposits, ensuring exploration efforts focus on commercially viable targets rather than purely academic intersections.

The team's proven ability to execute large-scale drilling programs efficiently positions ATHA Energy for accelerated exploration of the extensive Angikuni basin. With only five holes completed from a planned 10,000-meter program, the demonstrated discovery success creates compelling potential for continued value creation as drilling advances across multiple high-priority targets.

ATHA Energy's technical team has established itself as a premier uranium exploration group through consistent discovery success, innovative targeting methodologies, and systematic approach to regional exploration. Their proven ability to deliver results in challenging exploration environments provides investors with confidence in continued value creation potential.
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View ATHA Energy's company profile: https://www.cruxinvestor.com/companies/atha-energy

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