From GlobeNewswire: 2024-05-02 07:00:00

Standard Uranium Ltd. plans to raise up to C$3,000,000 through a private placement to fund exploration of its Davidson River project. The Offering includes Units and charity flow-through Units to be used for Canadian exploration expenses. The Company will also initiate a Continuation into British Columbia and a share Consolidation. This move aims to reduce costs, enhance competitiveness, and attract more investors.

As part of its drilling program, Standard Uranium will focus on exploring new high-priority targets within its expanded Davidson River Project and follow up on previous drilling results. Machine learning techniques will be used to target anomalies and potential uranium deposits. The Company sees significant potential for discovering a world-class, high-grade uranium deposit, supported by a comprehensive exploration strategy.

By conducting additional geophysical surveys and leveraging data-driven strategies, Standard Uranium aims to capitalize on over 70 kilometers of graphitic conductors within the Davidson River Project. With a focus on identifying high-grade uranium mineralization, the Company’s exploration efforts are set to enhance its position in the global uranium sector.



Read more at GlobeNewswire: Standard Uranium Announces Davidson River Drill Program