$247.5M
USD
Market cap · 2026–07 · week 30
🇨🇦 Canada, Vancouver
Country
Energy Metals
Sector
Explorer · Junior / Minor · Uranium · Canada
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Overview:
Atha Energy Corp. is a junior uranium exploration company headquartered in Vancouver, Canada, operating primarily in Canada. The company's portfolio consists of 4 exploration-stage projects, comprising 0 operating mines, 0 development, and 4 exploration projects spread across top-tier Canadian uranium jurisdictions. Key assets include the 100%-owned flagship Angilak Project in the Angikuni Basin of Nunavut, the Gemini Project in northern Saskatchewan, the Central Mineral Belt Project in Newfoundland and Labrador, and a large district-scale Athabasca Basin exploration portfolio in Saskatchewan and Alberta. The business model centers on acquiring, exploring, and evaluating uranium mineral properties, advancing the flagship Angilak land package while assembling extensive surrounding ground through staking, option, and joint-venture arrangements. Angilak hosts the basement-hosted, Beaverlodge-type Lac 50 Deposit along a 3.5 km mineralized trend, with exploration historically reliant on helicopter and fixed-wing access and conducted in a February-to-October field season. As an early-stage explorer with no mineral production and no defined mineral resources, the organization operates a non-operational, exploration-focused structure that depends on third-party equity financing and contractual partners to fund its drill programs. The company carries full exposure to uranium price cycles, permitting timelines, northern logistics and weather, and the social acceptability of nuclear energy as model-linked risks.
Strategy:
Strategic direction is built around systematically advancing the flagship Angilak Project toward a maiden mineral resource while consolidating a dominant exploration footprint across Canada's premier uranium basins. A core near-term priority is the diamond-drilling campaign at Angilak, where the 2025 program comprised roughly 10,000 metres targeting the Lac 50 trend and newly identified mineralization and supporting the conceptual Lac 50 Exploration Target. Growth is pursued through aggressive ground acquisition, including the staking of an additional 25,194 acres at Angilak to expand the project, and through a portfolio of option and joint-venture agreements that bring third-party capital and exploration effort to the Athabasca Basin holdings. Capital allocation is funded through equity markets, with the enterprise relying on private placements and special-warrant financings rather than operating cash flow. The organization manages its assets across a pipeline of exploration districts, prioritizing the highest-conviction Angikuni targets while preserving optionality across the Athabasca, Thelon, Baker Lake, and Central Mineral Belt jurisdictions. Forward objectives are oriented toward category-defining drilling success, the eventual delineation and category conversion of mineral resources, and sustaining and enhancing shareholder value as the uranium cycle develops.
Management:
Executive leadership is headed by Chief Executive Officer Troy Boisjoli, a Saskatchewan-based mining executive who previously served as Vice President of Operations and Development and Vice President of Exploration and Community at NexGen Energy Ltd. from 2016 to 2021 and is also President, CEO and a director of Murchison Minerals Ltd. Rhéal Assié was appointed Chief Financial Officer effective November 6, 2024. The Board is chaired by Michael Castanho, Principal of the private investment firm Axis Capital Ventures Corp., who has served as a director and Chairman since 2022. Other directors include Erinn Broshko, Managing Director of Rand Investments Ltd.; Doug Engdahl, President and CEO of consulting firm Axiom Exploration Group Ltd.; and Suraj Ahuja, President of SKAN Consulting Inc., appointed in May 2025. Governance is conducted under the Business Corporations Act (British Columbia), under which the company was incorporated. The Audit Committee comprises Doug Engdahl as Chair, Erinn Broshko, and Michael Castanho, each financially literate under NI 52-110, with Erinn Broshko considered independent. Directors and officers who serve on the boards of other resource companies are required to declare and refrain from voting on matters in which they hold a conflict of interest.
Sustainability:
Operations on the flagship Angilak Project are governed by formal Indigenous engagement and land-tenure arrangements with the Inuit of Nunavut. The company holds a Mineral Exploration Agreement with Nunavut Tunngavik Inc. covering Inuit Owned Land parcel RI30-001, which provides for annual exploration work or payments in lieu, advance royalty payments of C$50,000 per year, a milestone bonus tied to the delineation of a measured uranium resource, and the option for NTI to take a 25% participating interest or a 7.5% net-profits royalty upon a production decision. Surface access on Inuit Owned Land is administered through land-use licences issued by the Kivalliq Inuit Association, while Crown land activity is permitted by Crown-Indigenous Relations and Northern Affairs Canada under the framework of the 1993 Nunavut Land Claims Agreement. Water use at Angilak is licensed by the Nunavut Water Board, and the company manages legacy drill-cutting drums in a designated containment storage area near the main Nutaaq camp.
Structure:
The company was incorporated under the Business Corporations Act (British Columbia) on January 14, 2021 as Inglenook Ventures Ltd., consolidated its shares on a 1.388:1 basis in March 2022, and changed its name to Atha Energy Corp. on March 30, 2022. On March 7, 2024 it completed the LUR Arrangement, a plan of arrangement under the Business Corporations Act (Ontario) through which Latitude Uranium Inc. — holder of the Angilak and Central Mineral Belt properties — became a wholly-owned subsidiary. On April 11, 2024 it completed the 92E Scheme, an Australian scheme of arrangement under which 92 Energy Limited, holder of the Athabasca Basin land package, became a wholly-owned subsidiary. The Athabasca portfolio is advanced through multiple option and joint-venture agreements, including the NSS Transaction under which Atha retained a 10% carried interest on Athabasca properties in Alberta and Saskatchewan, and option arrangements with Terra over the Spire/Horizon and Pasfield Lake properties and over the Vista, Plateau and Ledge properties. The company's common shares trade on the TSX Venture Exchange under the symbol SASK, on the OTCQB Marketplace as SASKF, and on the Frankfurt Stock Exchange as X5U.F, and it funds exploration through equity instruments including special-warrant financings. All subsidiaries are 100% owned directly or indirectly.
Source:
Atha Energy Corp. - Annual Information Form - 2024
Exploration · 4 projects
Angilak Project
Asset · Exploration
Canada, Nunavut
Mining
Type
Exploration
Status
🇨🇦 Canada, Nunavut
Country
Project information
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Description
Flagship and sole material property; 100%-owned uranium project in the Kivalliq Region of Nunavut, 350 km west of Rankin Inlet within the Angikuni Basin, hosting the Lac 50 Deposit. Comprises 135 Crown mineral claims, one mining lease and Inuit Owned Land parcel RI30-001 for a total of 192,913 ha. Lac 50 is a basement-hosted, vein/structure-hosted (Beaverlodge-type) U+Ag+Mo+Cu+Pb+Zn system along a 3.5 km strike, originally delineated by Pan Ocean (1980s) and advanced via Latitude Uranium. No current NI 43-101 mineral resource is defined; a conceptual Lac 50 Exploration Target was announced and the ~10,000 m 2025 Angilak diamond drill program intersected new mineralization. Acquired through the March 2024 Latitude Uranium plan of arrangement. Royalty burden: 12% NPI to NTI on IOL plus statutory NMR sliding royalty and a 1% NSR to Sandstorm Gold.
Mining metrics
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Central Mineral Belt Project
Asset · Exploration
Canada, Newfoundland and Labrador
Mining
Type
Exploration
Status
🇨🇦 Canada, Newfoundland and Labrador
Country
Project information
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Description
Uranium exploration property (the "CMB Project") in the Central Mineral Belt of Newfoundland and Labrador, acquired through the March 2024 Latitude Uranium plan of arrangement. The subject of an updated NI 43-101 technical report dated July 8, 2025 (effective June 14, 2025) prepared by Terrane Geoscience Inc. No current mineral resource has been defined; the property is at the exploration stage.
Mining metrics
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Gemini Project
Asset · Exploration
Canada, Saskatchewan, Athabasca Basin (uranium)
Mining
Type
Exploration
Status
🇨🇦 Canada, Saskatchewan (Athabasca Basin (uranium))
Country
Project information
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Description
Uranium exploration property in northern Saskatchewan, within the broader Athabasca Basin region. The subject of an updated NI 43-101 technical report dated May 22, 2025 (effective February 10, 2024) prepared by Yeomans Geological Inc. No current mineral resource has been defined; the property is at the exploration stage.
Mining metrics
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Athabasca Basin Exploration Portfolio
District · Exploration
Canada, Saskatchewan and Alberta, Athabasca Basin (uranium)
Mining
Type
Exploration
Status
🇨🇦 Canada, Saskatchewan and Alberta (Athabasca Basin (uranium))
Country
Project information
Aggregation level:
District / complex
Aggregation level:
District / complex
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Description
Large district-scale uranium exploration land package across the Athabasca Basin in Saskatchewan and Alberta, assembled largely through the April 2024 acquisition of 92 Energy Limited and organized into named exploration districts (North Rim, East Rim, Cable Bay). Includes numerous claim groups advanced under option and joint-venture agreements (e.g. Spire/Horizon, Pasfield Lake, Vista, Plateau/Ledge, North Beacon, North Crest, North Valour-East, Apex, North Terra/North Pinnacle). All holdings are at the exploration stage with no defined mineral resources.
Mining metrics
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Energy Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Energy metals (uranium)
- U₃O₈ vs U metal. Reserves are usually in lb or t U₃O₈; multiply by ~0.848 for U metal. Fuel-cycle contracts may quote kgU as UF₆ (schema: kgu).
- % U₃O₈ vs ppm U₃O₈. Athabasca grades can exceed 10%; ISR deposits often 0.05–0.5%. The schema preserves the source unit.
- ISR vs conventional. ISR tonnage is often m³ leach solution, not rock mass — cost structure differs from underground/open-pit.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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