Standard Uranium Ltd. - STTDF STOCK NEWS

Standard Uranium (TSXV: STND) (OTCQB: STTDF) has announced new prospecting results and drill target areas at its Sun Dog Uranium Project near Uranium City, Saskatchewan. The company is set to commence a drilling campaign next week, targeting high-grade, unconformity-related basement-hosted uranium mineralization. Key highlights include:

1. Discovery of new uranium zones with radioactivity up to 22,300 counts per second (cps) at the Wishbone target area.
2. Over 4km of untested VTEM conductors at the McNie target area.
3. New and historical zones of strong radioactivity >65,535 cps at the Spring-Dome target area.
4. Historical high-grade uranium assays ranging from 0.30% to 17.4% U3O8 at Wishbone and Spring-Dome areas.
5. Planned drilling of 1,000 to 1,200 metres across 5-7 drill holes, starting July 21st.

The project is under a three-year earn-in option agreement with Aero Energy , who will fund the program while Standard Uranium operates it.

Standard Uranium announced its upcoming summer 2024 diamond drilling program at the Sun Dog Uranium Project near Uranium City, in collaboration with Aero Energy. The drill targets have been finalized based on new VTEMTM Plus survey data and other geophysical models. The project aims to test high-grade uranium targets and has secured all necessary permits and vendors. Historical high-grade uranium showings range from 0.10% to 17.4% U3O8. The Sun Dog Project also includes the historical Gunnar Mine, which produced 18 million pounds of U3O8.

Standard Uranium announced the results of its winter 2024 drill program at the Atlantic Project. The 3,061-hectare project, under option to ATCO Mining, covers part of the Athabasca Basin in Saskatchewan. The program confirmed highly anomalous uranium in several drill holes, indicating a significant uranium-fertile system. Key highlights include uranium mineralization in drill holes ATL-24-002, ATL-24-004A, and ATL-24-005A, and the presence of pathfinder elements in multiple drill holes.

Future exploration will focus on untested portions of the project, with upcoming geophysical surveys planned to identify new targets. Analytical results from the winter program have strengthened the exploration thesis, suggesting significant potential for high-grade uranium deposits.

Standard Uranium announced the completion of its inaugural drill program at the 7,302-hectare Canary Project, located in the eastern Athabasca Basin, northern Saskatchewan. The drill program revealed localized anomalous radioactivity and significant hydrothermal alteration, suggesting potential uranium deposits. Drilling intersected basement-hosted radioactivity and favorable rock types, achieving 1,863 meters within four drill holes ahead of schedule and under budget. The project is under a three-year earn-in option agreement with Mamba Exploration, which has committed CAD$6M in exploration expenditures. Follow-up targets are planned for Phase II and III, with further geophysical surveys expected to refine drilling areas.

Initial geochemical assay results from core samples are pending. The company highlighted the project's significant potential for discovery along three underexplored conductor systems. Notably, the drill program's findings include elevated U:Th ratios and intersecting key uranium-bearing mineralization characteristics. The next steps involve processing geological data, preparing for subsequent drilling phases, and awaiting assay results from Saskatchewan Research Council Geoanalytical Laboratory.

Standard Uranium has initiated its inaugural drill program at the Canary Project in the Eastern Athabasca Basin. The project is under a three-year earn-in agreement with Mamba Exploration , who will fund CAD$6M in exploration expenditures to earn a 75% interest. Drilling has begun ahead of schedule to target high-grade uranium mineralization at shallow depths. The project shows significant untapped uranium potential, with Mamba Exploration fully funding the program.

Standard Uranium confirms the effective date for a share consolidation, where every five pre-consolidation common shares will be exchanged for one post-consolidation common share. The goal is to enhance market flexibility and appeal to a wider investor base. The consolidation will reduce the outstanding common shares from 230,649,292 to approximately 46,129,859 common shares.

Standard Uranium announced a private placement to raise up to C$3.0 million for its Davidson River project in the global uranium sector. The Company plans to consolidate its shares on a one-for-five basis to increase market appeal. The net proceeds will be used for exploration and working capital. The Offering is conditional upon TSX Venture Exchange approval. The Company will continue its corporate existence from Canada to British Columbia. The Share Consolidation aims to reduce outstanding common shares to approximately 46 million common shares.

Standard Uranium announces the finalization of drilling and mobilization plans for the inaugural drill program at the 7,302-hectare Canary Project in the eastern Athabasca Basin. The Project is under a three-year earn-in option agreement with Mamba Exploration , with Mamba funding CAD$6M in exploration expenses to earn a 75% interest. The drill program, scheduled for spring 2024, will target high-grade unconformity-related uranium mineralization. Exploration teams will mobilize to the field in early May.

Drill plans comprise approximately 1,000-1,500 meters across 3-4 holes, focusing on shallow high-grade uranium targets refined by geophysical work. The program is fully funded by Mamba Exploration, with crews mobilizing to the Project on May 3rd. The Company is excited to begin exploring the high-priority targets identified in the northeastern Athabasca Basin region.