ATHA Energy Announces Upsizing of Convertible Debenture Financing to USD$25 Million

Hong Kong, Hong Kong--(Newsfile Corp. - January 13, 2026) - Queen's Road Capital Investment Ltd. (the "Company" or "Queen's Road Capital") is pleased to announce that it has entered into an agreement with ATHA Energy Corp.  ("ATHA Energy") whereby the Company will invest US$20,000,000 in ATHA Energy by way of convertible debenture. The convertible debenture will have a 5-year term, carry a 12% coupon and will be convertible into ATHA Energy common shares at a share price of C$0.85.

ATHA Energy is a uranium mineral exploration company with a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Uranium Project located in Nunavut, CMB Discoveries in Labrador, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin) and the largest cumulative prospective exploration land package (>7 million acres) in two of the world's most prominent basins for uranium discoveries. ATHA Energy also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. .

Warren Gilman, Chairman and CEO of the Company, commented: "Queen's Road Capital is thrilled to support the next phase of development at the Angilak Uranium Project in Nunavut following the 2025 discovery of the Mineralized RIB Corridor with intercepts including 8.16% U3O8 over 0.5 meters and 4.81% U3O8 over 1.1 meters. The Angikuni Basin, which ATHA Energy owns in its entirely, is returning some of the best uranium intercepts in Canada outside the Athabasca Basin in Saskatchewan. This investment complements our other high quality uranium investments, NexGen Energy and IsoEnergy."

Completion of the investment is subject to receipt of all required regulatory approvals, including the TSXV and is expected to occur by the end of the month.

Queen's Road Capital is a dividend paying, leading financier to the global resource sector. The Company is a resource focused investment company, making investments in privately held and publicly traded companies. The Company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in advanced development or production located in politically safe jurisdictions.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, visit the Company's website at www.queensrdcapital.com or contact by email info@queensrdcapital.com or phone +852 2759 2022.

Caution Regarding Forward-Looking Statements

Certain statements in this News Release, which are not historical in nature, constitute "forward-looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company's growth strategy and the Company's future performance. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, inability to identify or successfully conclude corporate transactions, and other relevant conversion factors, permitting and licensing risks; and general market and mining exploration risks. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280182

Ratings actions from Baystreet: http://www.baystreet.ca

(16:37 GMT) IsoEnergy Ltd. Price Target Raised to C$20.00/Share From C$18.75 by National Bank

Ratings actions from Baystreet: http://www.baystreet.ca

Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Purepoint Uranium Group Inc. (OTCQB: PTUUF) today announced that the Purepoint and IsoEnergy Joint Venture has approved an expanded exploration program for 2026 following strong results from this year's drilling at the Dorado Project. The Nova discovery ("Nova Discovery" or "Nova") returned uranium grades up to 8.1% U₃O₈ over 0.4 metre within 2.1 metres of 1.6% U₃O₈ in hole PG25-07A confirming a steeply dipping uranium bearing structure that remains open in all directions (see news release dated September 18, 2025).

"The joint venture's approval of the 2026 program reflects the significance of the Nova Discovery," said Chris Frostad, President and CEO of Purepoint Uranium Group. "Each step out delivered stronger mineralization, and the open northeastern extension has become our priority. The coming year allows us to advance Nova with purpose and begin evaluating additional high priority zones across the Dorado Project."

Highlights:

• The joint venture approved a dedicated exploration program to advance the Dorado Project (Figure 4) following up on this year's Nova Discovery which returned assays of 8.1% U3O8 over 0.4 metre within 2.1 metres of 1.6% U3O8
• The approved program includes 17 holes totalling 7,450 metres across winter and summer campaigns
  • Winter 2026 drill program (January - March) will focus on expanding Nova with 10 holes totalling approximately 4,300 metres
  • District-scale summer 2026 drill campaign (July - August) will test priority targets with 7 holes totalling approximately 3,150 metres
• Airborne magnetotellurics survey is planned for late winter or spring
• Winter access and wetland drill pads will be established this month including 8 km of existing trail and 10 km of new trail construction

Program Summary

Winter 2026 - Nova Expansion

The winter drill program aims to advance the Nova Discovery with 10 skidder supported drill holes totaling 4,300 metres. Drilling will initially focus on the corridor between PG25-03 and PG25-07A, a distance of 800 metres, with 30 to 50 metre step outs to the northeast where the strongest mineralization was encountered. The Nova mineralization remains open in all directions.

Airborne Magnetotellurics (MT) Survey

A late winter or spring MT survey will be completed across the Serin, Laysan, Turaco, Q40, Q2 and Q48 grids to refine deeper structural targets.

Summer 2026 - District Scale Drilling Across the Dorado Project

A helicopter supported drill program of 7 holes totaling 3,150 metres will be undertaken in July and August to test conductive and structural targets across the Q23, Q24, Turaco, Laysan and Q40 grids.

The Summer program will be subject to change pending winter drill results.

Figure 1: Dorado Joint Venture Project

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/3218/276850_3bd4d48a6409eb8c_002full.jpg

* See Qualified Person Statement below.

Figure 2: Location Map of 2025 Drill Program at Q48 Target Area and the new Nova Discovery

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/3218/276850_3bd4d48a6409eb8c_003full.jpg

Figure 3: Vertical Longitudinal Section of the Nova Discovery

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/3218/276850_purepointimage3.jpg

About the Dorado Project

The Dorado Project (Figure 1) is the flagship project of the IsoEnergy-Purepoint 50/50 joint venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Dorado Project includes the former Turnor Lake, Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition.

Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of the fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region.

The shallow unconformity depths across the Dorado Project property-typically between 30 and 300 metres-allow for highly efficient drilling and rapid follow-up on results.

Figure 4: IsoEnergy and Purepoint Uranium Joint Venture including, Dorado Project, Aurora Project and Celeste Block

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/3218/276850_3bd4d48a6409eb8c_005full.jpg

* See Qualified Person Statement below.

Qualified Person Statement

The scientific and technical information contained in this news release relating to Purepoint was reviewed and approved by Scott Frostad BSc, MASc, P.Geo., Purepoint's Vice President, Exploration, who is a "Qualified Person" (as defined in NI 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")).

About Purepoint

Purepoint Uranium Group Inc. (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

For more information, please contact:

Purepoint Uranium Group Inc.

Chris Frostad, President & CEO

Phone: (416) 603-8368

Email: cfrostad@purepoint.ca

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". This forward-looking information may relate to additional planned exploration activities, including the timing thereof and the anticipated results thereof; and any other activities, events or developments that the companies expect or anticipate will or may occur in the future.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, that planned exploration activities are completed as anticipated; the anticipated costs of planned exploration activities, the price of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Joint Venture's planned activities will be available on reasonable terms and in a timely manner. Although each of IsoEnergy and Purepoint have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current views of IsoEnergy and Purepoint with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include but are not limited to the following: the inability of the Joint Venture to complete the exploration activities as currently contemplated; ; uncertainty of additional financing; no known mineral resources or reserves; aboriginal title and consultation issues; reliance on key management and other personnel; actual results of technical work programs and technical and economic assessments being different than anticipated; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions. Other factors which could materially affect such forward-looking information are described in the risk factors in each of IsoEnergy's and Purepoint's most recent annual management's discussion and analyses or annual information forms and IsoEnergy's and Purepoint's other filings with the Canadian securities regulators which are available, respectively, on each company's profile on SEDAR+ at www.sedarplus.ca. IsoEnergy and Purepoint do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276850

Geiger Counter Limited Plc 

Monthly Investor Report 26 November 2025

(All Factsheet data is at 31 October 2025)

The full monthly factsheet is now available on the Company's website and a summary can be found below. 

NCIM - Geiger Counter Ltd - Fund Page for Geiger Counter Ltd

Enquiries: 

For the Investment Manager 

Craig Cleland 

Manulife CQS Investment Management

0207 201 5368 

For the Company Secretary and Administrator 

R&H Fund Services (Jersey) Limited

Jane De Barros/Katie De La Cour

01534 825259/01534 825337 

----------------------------------------------------------------------- 

Fund Description 

The objective of Geiger Counter Limited is to provide investors with the potential for capital growth through investment primarily in the securities of companies involved in the exploration, development and production of energy, predominantly within the uranium industry. Up to 30% of the value of the Company's investment portfolio may be invested in other resource- related companies from outside the energy sector.

Portfolio Managers 

Keith Watson and Robert Crayfourd 

Key Advantages for the Investor 

·      Access to mining assets in the uranium sector

·      May benefit from embedded subscription share

·      Low correlation to major asset classes

Key Fund Facts1 

Ordinary Share and NAV Performance2 

Commentary3 

The Fund's NAV rose 13.6% in October, broadly in line with the Solactive Uranium Pure Play Index and ahead of the Sprott Uranium Mining ETF, which limits investments to equities allocating at least 50% of assets toward uranium mining, that returned 7% in sterling terms over the month. The ETF limits investments to equities allocating at least 50% of assets toward uranium resource exploration or development.

 The U₃O₈ spot price recovered from a mid-month dip to close October at $82.13/lb, up 0.5%. The most significant development was the US announcement of $80bn in funding for nuclear reactor construction. Under an agreement with Westinghouse (owned by Brookfield and Cameco), the US government will arrange financing and secure permits for AP-1000 reactor development in exchange for a 20% share of future profits and a potential future listing of Westinghouse. Additionally, Japan agreed to participate in funding as part of its trade agreement with the US, signalling a possible commitment of $330bn to support US infrastructure development.

Sector sentiment was further boosted by the Sprott Physical Uranium Trust, which acquired approximately 1.2 Mlbs of uranium following its recent equity issuance. This helped lift prices from a mid-month low of $76/lb, driving strong equity performance.

Looking ahead, uranium mining is emerging as the key bottleneck in the reinvestment cycle. While funding has focused on reactors, enrichment, and conversion capacity, little has been directed toward mining-the least flexible part of the fuel cycle. Greenfield projects face lengthy timelines for discovery, drilling, permitting, and construction, often exceeding a decade. Expanding conversion and enrichment capacity without addressing raw U₃O₈ supply risks creating even tighter markets.

 Nexgen was a key contributor to Fund performance, with its share price rising nearly 12% in sterling terms ahead of the first-stage permit hearing scheduled for mid-November, followed by a second phase in February. Additional strong gains came from Energy Fuels and Paladin, which advanced 37% and 17%, respectively, in sterling terms.

CQS (UK) LLP

4th Floor, One Strand, London WC2N 5HR, United Kingdom

T: +44 (0) 20 7201 6900 | F: +44 (0) 20 7201 1200

CQS (US), LLC

152 West 57th Street, 40th Floor, New York, NY 10019, US

T: +1 212 259 2900 | F: +1 212 259 2699

Tavistock Communications

18 St. Swithin's Lane, London EC4N 8AD

T: +44 20 7920 3150 | geigercounter@tavistock.co.uk

Sources: 1R&H Fund Services (Jersey) Limited, as at the last business day of the month indicated at the top of this report. 2R&H Fund Services Limited/DataStream, as at the last business day of the month indicated at the top of this report, total return performance net of fees and expenses based on bid prices. These include historic returns and past performance is not a reliable indicator of future results. The value of investments can go down as well as up. Please read the important legal notice at the end of this document. 3Market data sourced from Bloomberg unless otherwise stated. The Fund may since have exited some or all of the positions detailed in the commentary. 4 BMO, UxC, Company data September 2023. 5 www.eia.gov. 6CQS, as at the last business day of the month indicated at the top of this report. For methodology details see Article 4(3) of Directive 2011/61/EU (AIFMD) and Articles 6, 7, 9 and 10 of Delegated Regulation 231/2013. 7CQS, as at the last business day of the month indicated at the top of this report. For methodology details see Article 4(3) of Directive 2011/61/EU (AIFMD) and Articles 6, 8, 9, 10 and 11 of Delegated Regulation 3231/2013.

The Company has announced the fifth Subscription Rights Price of 37.20 pence on 1 May 2025. The exercise date for the fifth Subscription Right is expected to be 30 April 2026.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  DOCEAEFKASXSFFA

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Century Gl Commodities       CNT      0.05     0.02     42.86        16,000 
Cameco                       CCO    148.22    26.96     22.23     1,838,228 
Uranium Royalty              URC      6.78     1.07     18.74       438,337 
Star Diamond                DIAM     0.035     0.01     16.67         5,000 
Novo Resources               NVO     0.155     0.02     14.81       275,263 
IsoEnergy                    ISO     13.61     1.44     11.83       206,619 
NexGen Energy                NXE     13.28     1.39     11.69     3,413,902 
Denison Mines                DML      4.35     0.45     11.41     4,077,876 
Mega Uranium                 MGA      0.43     0.04     10.26     1,524,432 
Minco Silver                 MSV      0.33     0.03     10.00         2,528 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Appili Therapeutics         APLI     0.025    -0.01    -16.67       770,900 
Aclara Resources             ARA      3.72    -0.60    -13.89       446,971 
Avant Brands                AVNT      0.56    -0.06     -9.68        52,216 
Verde AgriTech               NPK      1.42    -0.15     -9.55       132,199 
Pulse Seismic                PSD      3.11    -0.32     -9.33        48,188 
Invesque                     IVQ     0.115    -0.01     -8.00        10,250 
Galaxy Digital              GLXY     52.35    -4.49     -7.90       972,150 
Medipharm Labs              LABS      0.07    -0.01     -6.67        73,844 
Generation Mining           GENM       0.5    -0.03     -5.66       469,764 
Largo                        LGO      1.54    -0.09     -5.52        88,189 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

Canadian uranium stocks climb after the U.S. government partners with Cameco-Brookfield Asset Management's Westinghouse Electric on a new plan to build at least $80 billion worth of new nuclear reactors across the U.S. The plan is aimed at meeting soaring energy demand from AI and electrification, and the initiative implies a significant boost for nuclear fuel demand, sending shares of NexGen Energy up 11% and Denison Mines higher by 10%. Cameco shares jump 20% on the news. (adriano.marchese@wsj.com)