Atha Energy Corp.

Atha Energy Corp. is a junior uranium exploration company headquartered in Vancouver, Canada, operating primarily in Canada. The company's portfolio consists of 5 advanced exploration projects. Key assets include Angilak and Athabasca Basin Portfolio. The company operates as a mineral exploration entity focused on the acquisition, exploration, and evaluation of resource properties. Its business model is predicated on funding exploration and operations primarily through equity offerings, as it does not currently possess operating mines or generate revenue from production. The organization's exploration approach is designed to maximize discovery potential by investing at scale across a large portfolio of early-stage projects. This portfolio is diversified across the exploration risk curve, encompassing projects from greenfield targets to advanced exploration and post-discovery stages. The core operational methodology involves systematically de-risking these projects to identify and advance targets, with the ultimate goal of expanding known mineral deposits and making new discoveries. This strategy provides broad exposure to exploration upside while managing risk through a diversified project pipeline.

The core objective is discovery and development, pursued through a dual strategy of strategic acquisitions and organic exploration. A key component of its capital and exploration strategy involves leveraging partnerships through option agreements, earn-ins, and joint ventures. This allows the entity to accelerate exploration across its extensive land package by having partners fund significant expenditures in exchange for an interest in the properties, thereby optimizing capital allocation. The exploration methodology is systematic and technology-driven, employing progressive phases to enhance discovery probability. This includes utilizing a range of advanced airborne and ground geophysical surveys to mature, de-risk, and refine prospective trends before committing to drill testing. The organization's exploration programs are described as among the largest of their kind, reflecting a strategy of investing at scale to maximize discovery potential.

The corporate structure was significantly expanded in 2024 through the acquisitions of Latitude Uranium Inc. and 92 Energy Limited. The organization actively utilizes partnerships to fund and advance exploration, having entered into a definitive option agreement with Stallion Discoveries Corp. in 2023 for it to earn a 70% interest in certain claims. In 2024, it granted an option to Riverboat Energy Corporation to acquire a 70% interest in a property and executed a reciprocal option agreement with Terra Uranium Ltd., granting Terra an option to earn up to a 70% interest in two properties while securing its own option to earn up to a 60% interest in Terra's Pasfield Project. An option agreement established with Inspiration Energy Corp. in 2024 was subsequently terminated. A foundational 2023 transaction with the New Saskatchewan Syndicate provided the company with a 10% carried interest on claims operated by NexGen Energy Ltd. and IsoEnergy Ltd. The acquisition of 92E resulted in the addition of a wholly-owned subsidiary with a functional currency denominated in Australian dollars.