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The CMB Discovery

Dominant land position in Labrador’s Central Mineral Belt with existing discoveries

EXPLORATION POTENTIAL
CMB discoveries (14.5MM lbs U3O8)1 in Labrador with significant district expansion potential

  • 360,094 acres located in Newfoundland & Labrador Land package spans 125km and is home to several uranium mineralization zones
  • Home to 14.5MM lbs U3O8 of historical indicated and inferred resource
  • Mineralization across several trends, including the Moran Trend, Anna Lake Trend and the Mustang Lake Property
  • Several known uranium prospects with substantial past exploration work complete to date
  • Over 140 targets have been identified for further exploration

Nearby Assets

The Michelin Project

Among the largest deposits in North America

  • 127.7MM lbs
  • Owned by Paladin Energy

ATHA Energy’s ASSET PORTFOLIO

A comprehensive asset portfolio with maximized torque to exploration upside.

Exploration Pipeline

8.4MM Acres of Exploration Land

4.8MM acres of land within the Athabasca Basin, 3.1MM acres of land in the Thelon Basin, and 399k acres in the Central Mineral Belt

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RECENT DISCOVERY

The Gemini
Discovery

A high grade, basement hosted discovery along a mineralized trend with tremendous potential for additional discovery along underexplored corridor1

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Established Resource

Angilak
Discovery

Angilak deposit (43.3MM lbs U3O8) in Nunavut with significant district expansion potential1

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Carried Interest

Upside to Major Developers

10% carried interest on key parts of NexGen and IsoEnergy land, which is actively being explored

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1 A Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and none of ATHA, Latitude,
or 92E is treating the historical estimates as current mineral resources or mineral reserves. See Appendix for additional details

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