Standard Uranium Outlines 2024 Exploration Plans & Granting of Stock Options & RSUs

VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce its exploration plans for 2024, comprising multiple targeted exploration programs to continue advancing its uranium projects in the Athabasca Basin (the “Basin”), Saskatchewan, Canada towards discovery.

The Company holds nearly 200,000 acres of prime exploration real estate comprising eight projects across the prolific Athabasca Basin, which hosts the world’s highest grade uranium deposits (Figure 1). The Company boasts multiple turnkey, drill-ready projects across the Basin, with permits in hand, First Nations agreements signed, vendors secured, and highly prospective uranium targets.

2024 Exploration Objectives

• Plan and operate at minimum, three drill programs on three projects across the Basin, two of which will be partner-funded and provide operator fees to the Company.
• Complete initial exploration and geophysical programs on the newly acquired Rocas and Corvo projects.
• Execute inaugural drill campaign(s) on Canary, Ascent, and Atlantic projects, ripe for discovery with untested targets.
• Complete definitive option agreement(s) on one or more additional projects, securing exploration expenditures and non-dilutive cash-flow into the Company – Ascent project term sheet signed January 9.
• 2024 will be the most ambitious year of exploration activities for the Company to date (Figure 2). The Company is well underway on preparations for drill campaigns, in addition to planning inaugural reconnaissance exploration on the Rocas and Corvo projects.
  

Jon Bey, CEO and Chairman of the Company, stated: “2024 will be the Company’s most comprehensive and exciting exploration season to date. We strongly believe the uranium market will be one of the few bright spots in the investment landscape and we are planning to apply a modern approach to historical data and deploy more advanced analysis techniques in the upcoming drill campaigns. We have our projects ready for drilling with our First Nations agreements in place, drill permits in hand, and our vendors contracted. With the uranium spot price breaking the $100/lb barrier yesterday, the timing is fantastic to be embarking on multiple drill programs as new investors enter the uranium trade.”