Interview with Troy Boisjoli, CEO, ATHA Energy

Our previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-up-to-47-grades-defining-mineralized-potential-6890

Recording date: 4 May 2025

ATHA Energy emerges as a compelling uranium investment opportunity amid unprecedented nuclear expansion policies and shifting global supply dynamics. The Canadian exploration company controls significant uranium assets positioned to benefit from US executive orders targeting a quadrupling of nuclear power capacity from 50 million to 200 million pounds per annum.

The company's flagship Angilak project holds a 43 million pound historic resource at an exceptional 0.69% U3O8 grade, comparable to world-class deposits. ATHA's 2024 drilling program achieved a remarkable 100% success rate across 25 drill holes, demonstrating the scale and continuity of mineralization. CEO Troy Boisjoli notes this success rate is "uncommon" in uranium exploration, indicating substantial metal endowment potential.

Beyond the established historic resource, ATHA controls the entire unexplored Angikuni basin, spanning 31 kilometers of mineralized structural trend comparable to the Athabasca basin. This district-scale opportunity presents discovery potential analogous to early Athabasca exploration in the 1960s, with surface mineralization up to 30% uranium and historical drilling results showing grades up to 5.6%.

The company's exploration program is led by Cliff Revering, former chief geologist responsible for bringing Cigar Lake into production. The concurrent drill programs target both additional work at established projects, as well as new discoveries.

Market fundamentals support uranium price appreciation, with current conditions mirroring the 2006-2007 period that saw prices rise from the mid-$30s to $135-138 per pound. Boisjoli describes market tension as "a spring that's being coiled very very tight," driven by constrained global supply chains and accelerating demand from both traditional utilities and technology companies requiring nuclear power for data centers.

Canada's strategic position as a stable uranium supplier becomes increasingly valuable as global supply chains fragment, with significant Kazakhstani production committed to China and Russia, creating what Boisjoli terms a "bifurcated uranium market."

Learn More: https://www.cruxinvestor.com/companies/atha-energy

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