![](https://10xalerts.com/wp-content/uploads/2024/06/GEN-May22.1.png)
In the map graphic below, find the Thelon Basin, a strategic area for uranium development near the well-known Athabasca area.. Generation Uranium Inc. (the “Company or Generation (TSXV; GEN) is the complementary company, offering a promising investment opportunity. This combination of an outstanding junior with an exemplary uranium property is a potential goldmine for investors interested in a uranium proxy or a direct investment. The chart shows some very exciting action, both in share price and volume. The shares have moved from CDN0.10 in February 2024 to CDN0.25 currently, a significant increase of 2.5 times in about 4 months. And no, I don’t currently own any, but that may change. You’ll find many charts in this piece as it is the best way to show positioning, companies around it and hopefully, the potential return on your investment.
![](https://10xalerts.com/wp-content/uploads/2024/06/GEN-Jun5.1.png)
Let’s get to the Thelon Basin. Generation’s Yath Project (“Yath”) is located in the Thelon Basin mining jurisdiction, which exhibits strategic land positioning and is situated along the trend from the 43 million lbs Lac 50 uranium deposit being advanced by Latitude Uranium, which is currently being acquired by ATHA Energy Corp.
![](https://10xalerts.com/wp-content/uploads/2024/06/GEN-June5.2.png)
“Our 100% wholly owned Yath Project is located in the prolific and under-explored Thelon Basin in Nunavut, Canada. Situated along the trend from the 43 million lbs Lac 50 uranium deposit being advanced by Latitude Uranium, a company currently being acquired by ATHA Energy Corp for an all-share acquisition valued at CAD 64.7M. “(Corp Website)
![](https://10xalerts.com/wp-content/uploads/2024/06/GEN-June5.3-1000x282.png)
Generation is appropriately in the middle of some considerable name
If the uranium penny has yet to drop, the Yath Project demonstrates enormous potential. As you can see, the sites below are many and exhibit high world class percentages of Uranium.
![](https://10xalerts.com/wp-content/uploads/2024/06/GEN-June5.4-1000x305.png)
Arguably, the Thelon Basin in Nunavut is right behind the Athabasca Basin in Saskatchewan as the top Uranium-producing jurisdiction in the world regarding strength and grade.
It also has strong potential for uranium development due to its favourable geology and significant historical exploration. Of course, its geological features are similar to those in the Athabasca Basin, which hosts some of the world’s richest uranium mines.” (Mugglehead.com) (Lots more good information there).
If the preceding doesn’t prove that Generation Uranium is worth consideration. as a high-quality proxy or a direct investment in a junior metals portion of a portfolio, let me know why.
Finally in uranium investment circles, the Athabasca Basin is revered as the Holy Grail of Uranium development and production. The Thelon Basin, however, is not far behind. In fact, it should be mentioned in the same breath as Athabasca. Combine the two areas and you not only have a prolific Canadian site, but a world-class one that can compete with the big boys—especially in high grade ore– as development goes forward. This comparability to the renowned Athabasca Basin should reassure you of the Thelon Basin’s investment potential.
![](https://10xalerts.com/wp-content/uploads/2022/11/Screen-Shot-2024-04-21-at-7.48.33-PM.png)
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.