Standard Uranium Confirms Effective Date For Share Consolidation

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) announces that effective at the opening of markets on or about May 8, 2024, the Company will complete its previously announced consolidation (the “Consolidation”) of its outstanding common share capital on the basis of one (1) post-Consolidation common share for every five (5) pre-Consolidation common shares. The post-Consolidation common shares of the Company will continue to trade under the existing ticker symbol “STND” and the new CUSIP: 85422Q848.

The Consolidation is being undertaken to increase flexibility and competitiveness in the market, and to make the Company’s securities more attractive to a wider audience of potential investors.

As a result of the Consolidation, the Company’s currently outstanding 230,649,292 common shares will be reduced to approximately 46,129,859 common shares. No fractional common shares will be issued as a result of the Consolidation. Instead, any fractional common shares will be rounded down to the nearest whole number of common shares.

A letter of transmittal will be mailed to registered shareholders as of the date of this news release. The letter of transmittal contains instructions on how registered shareholders can exchange their share certificates evidencing their pre-Consolidation common shares for new share certificates representing the number of post-Consolidation common shares to which they are entitled.

Beneficial shareholders holding their common shares through a brokerage may be subject to different procedures for obtaining their post-Consolidation common shares. If shareholders have any questions in this regard, they are encouraged to contact their respective brokerage or intermediary.

About Standard Uranium (TSX-V: 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 209,867 acres (84,930 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.