Standard Uranium Announces Upsize of Private Placement

Rhea-AI Summary

Standard Uranium (STTDF) has announced an increase to its previously announced non-brokered private placement offering. The company will now raise up to $1,000,000, doubling the initial target of $500,000. The offering includes:

- Non-flow-through units at $0.06 per unit (8,333,333 units)
- Flow-through units at $0.075 per unit (6,666,667 units)

Each unit includes one common share and half a warrant, with each whole warrant exercisable at $0.15 for 24 months after closing. The offering is expected to close around June 3, 2025, subject to TSX Venture Exchange approval. Proceeds will fund exploration projects and working capital.

Positive

• Additional investor interest leading to doubled offering size from $500,000 to $1,000,000
• Premium pricing for flow-through units at $0.075 compared to $0.06 for non-flow-through units
• Warrant exercise price of $0.15 represents significant premium to current unit pricing

Negative

• Significant dilution with potential issuance of up to 15 million new units
• Additional dilution possible through warrant exercises
• Four-month hold period restricts immediate trading of new shares

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") has elected to increase the size of its previously announced non-brokered private placement (the "Offering") to accommodate additional investor interest.

The Company previously announced an Offering of a combination of non-flow-through units (each, an "NFT Unit"), at a price of $0.06 per NFT Unit, and flow-through units (each, an "FT Unit"), at a price of $0.075 per FT Unit, for gross proceeds of up to $500,000. Each NFT Unit consists of one common share of the Company and one-half of one common share purchase warrant (each, a "Warrant"). Each FT Unit consists of one common share of the Company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one Warrant. Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of $0.15 at any time on or before that date that is twenty-four months after the closing date of the Offering.

The Company will now offer up to a further 6,666,667 FT Units, for additional gross proceeds of a further $500,000. If the Offering is fully-subscribed, and the initial portion of the Offering consists entirely of NFT Units, the Company would issue 8,333,333 NFT Units and 6,666,667 FT Units for aggregate gross proceeds of $1,000,000.

The net proceeds raised from the Offering will be used for the exploration of the Company's projects and for working capital purposes. The Offering is expected to close on or around June 3, 2025, and is subject to the approval of the TSX Venture Exchange. The Company may pay finders' fees to eligible third-parties who have assisted in introducing subscribers to the Offering. All securities to be issued under the Offering will have a hold period of four-months-and-one-day from the closing date in accordance with applicable securities laws.

About Standard Uranium (TSXV: STND)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium's Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information, contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the intended use of proceeds from the Offering and the expected closing date of the Offering.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended April 30, 2024.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Offering will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements 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 statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253733

FAQ

What is the total size of Standard Uranium's (STTDF) upsized private placement?

Standard Uranium's upsized private placement will raise up to $1,000,000, doubled from the initial $500,000 target, through a combination of non-flow-through units at $0.06 and flow-through units at $0.075.

When is the expected closing date for STTDF's private placement?

The private placement is expected to close on or around June 3, 2025, subject to TSX Venture Exchange approval.

What are the terms of the warrants in Standard Uranium's offering?

Each unit includes half a warrant, with each whole warrant allowing the purchase of one common share at $0.15, exercisable for 24 months after the closing date.

How will Standard Uranium use the proceeds from this private placement?

The net proceeds will be used for the exploration of the company's projects and for working capital purposes.

What is the hold period for securities issued in STTDF's private placement?

All securities issued under the offering will have a hold period of four months and one day from the closing date, in accordance with applicable securities laws.