Prospects Looking Bright for 92 Energy Following Parallel Zone Discovery

• 92 Energy has made a promising new parallel zone uranium discovery at its Gemini project in the Athabasca Basin. This zone shows strong hydrothermal alteration, uranium pathfinders, and uranium mineralization, indicating potential for a major uranium deposit nearby.
• The new discovery was made at the very end of the latest drill program. 92 Energy is eager to follow up with further drilling in this area in the next season starting late Jan/early Feb.
• 92 Energy has a large, highly prospective land package with multiple projects (Gemini, Tower, Wees) in the world's premier uranium jurisdiction - the Athabasca Basin. This gives them several shots on goal for a major discovery.
• The company is well-funded after a recent capital raise, with sufficient cash for an extensive follow-up drill program at Gemini next season targeting the new parallel zone.
• 92 Energy has an experienced management team with deep expertise in uranium exploration, mining, and M&A. With the uranium market rapidly improving, the company is positioned as a potential "next Extract" type success story.

About 92 Energy

92 Energy is an uranium exploration company focused on the Athabasca Basin in Canada, home to some of the world’s highest grade uranium deposits. The company has a portfolio of high-quality exploration projects, including its flagship Gemini project where it has made a significant uranium discovery.

92 Energy is led by an experienced management team, including CEO Shaban Lancaster, who previously worked at extract Resources and was involved in the $2 billion sale of the Husab uranium project. The company recently added Sader Hussain to its technical team, who brings over 17 years of experience from Denison Mines.

With a tight share structure and backing from major shareholders like ISO Energy, 92 Energy is well positioned financially to advance its projects. The company raised capital recently and has funding in place for its next exploration program.

Interview with Siobhan Lancaster, CEO/MD of 92 Energy Ltd.

Exciting Parallel Zone Discovery at Gemini

92 Energy recently announced a new parallel zone discovery at its Gemini project in the Athabasca Basin. This is a highly significant finding for the company.

The new zone shows strong hydrothermal alteration which is a key indicator of a large mineralized system. The parallel structure also has several uranium pathfinders and uranium mineralization present.

As CEO Lancaster explains, this suggests the company is potentially close to a major additional uranium zone near its existing high-grade gmz discovery at Gemini. Large deposits in the Athabasca like Rabbit Lake commonly have parallel zones, so this bodes well for 92 Energy finding significant additional resources.

With 600 meters of strike yet to be drilled, there is huge potential to find the 'motherlode' ore body along this extensive trend. The recent drill hole was unfortunately at the very end of the program, so next season 92 Energy will be keen to follow up this discovery and test the continuity of mineralization.

Advancing a New Athabasca Trend

Importantly, 92 Energy's discoveries to date are defining a new uranium trend in the Athabasca Basin. This trend already extends 14km and remains open. Major deposits in the basin have been found along similar trends, like the Roughrider and Hurricane discoveries which alone contain over 600 million pounds of U3O8.

92 Energy now has the promising task of methodically advancing and testing its trend over the next 14km, with the goal of outlining the next major deposit in the Athabasca Basin. Its recent capital raise ensures the company is funded for this work.

Portfolio of High-Quality Assets

In addition to the exciting potential at Gemini, 92 Energy has several other standout exploration projects in the Athabasca Basin. This includes the Tower project just 10km from the world's largest uranium mine, Cigar Lake. Tower recently returned uranium mineralization and strong alteration with drilling.

Its Wees project is also strategically located and bears similarities to the Hurricane and Roughrider discoveries. CEO Lancaster explains the company's portfolio is highly valuable, especially given the difficulty in staking new ground in the Athabasca. Joint venture potential exists across its pipeline of projects.

Consolidation and M&A Activity Heating Up

The recent merger between ISO Energy and Consolidated Uranium in the uranium sector highlights the appetite for consolidation and M&A among Athabasca explorers. CEO Lancaster sees this trend continuing amid rising uranium prices.

92 Energy itself is open to M&A at both the project and corporate level if the right value-accretive deal can be secured. Its portfolio of Athabasca assets and exploration team would no doubt appeal to potential acquirers. Lancaster stresses that any deals would be aimed at maximizing shareholder value.

Well-Positioned to Capitalize on Uranium Market resurgence

With global uranium prices now over $70/lb, up sharply from lows near $18/lb in 2016, the outlook for uranium explorers is the most positive it has been in over a decade.

92 Energy finds itself in an opportune position, with both the projects and team to make exploration headway just as this bull market is gathering momentum. Past uranium cycles show the largest gains accrue to explorers making discoveries as prices rise.

CEO Lancaster believes 92 Energy has 'massive leverage and upside potential' if it can delineate further resources across its Athabasca trend. Its recent drilling success at Gemini demonstrates the exploration pedigree of the company.

With catalysts from ongoing exploration and potential corporate deals, 92 Energy offers investors excellent exposure to an improving uranium market. The parallel zone discovery has further strengthened the investment case for this stock.

Conclusion

• Recent drilling reveals significant new discovery potential at Gemini project
• Additional zones likely along 14km trend being advanced by 92 Energy
• Portfolio of Athabasca Basin projects with strategic appeal
• Uranium market resurgence provides strong tailwind for explorers
• Tight share structure with backing of major shareholders
• M&A avenues open and team experienced in corporate deals
• Well-funded after recent capital raising
• Near-term exploration catalysts upcoming
• 92 Energy in right position to capitalize on bullish uranium fundamentals