157 Aufrufe 157 0 Kommentare 0 Kommentare

    Standard Uranium Executes Letter of Intent to Option Rocas Uranium Project in Eastern Athabasca Basin

    Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a letter of intent (the "LOI"), dated September 15, 2025, with Collective Metals Inc. (CSE: COMT) (the "Optionee"), an arms-length party. Pursuant to the LOI, the Optionee will be granted the option (the "Option") to acquire a seventy-five percent interest in the 4,002-hectare Rocas Project ("Rocas" or the "Project") located in the eastern Athabasca Basin region (Figure 1).

    Rocas Project Highlights:

    • Prime Location – More than 7.5 km of exploration strike length along a strong NE-SW magnetic low trend coincident with EM conductors and cross-cutting faults, providing shallow drill targets south of Key Lake.
    • Uranium at Surface – Mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.50 wt.% U3O8 and never drill tested1 (Figure 2).
    • New Uranium Targets – Results from a high-resolution ground gravity survey completed in 2024 highlight potential alteration halos and high-priority exploration targets along well defined structural corridors.

    The Option is exercisable by the Optionee completing cash payments and share issuances, and incurring the following exploration expenditures on the Project:


    Consideration 
    Payments
    Consideration 
    Shares
    Exploration Expenditures Operator 
    Fees
    Earn-in at completion of each Year
    Year 1 $50,000 $250,000 $1,500,000 10% 0%
    Year 2 $50,000 $250,000 $1,500,000 12% 0%
    Year 3 $125,000 $225,000 $1,500,000 12% 75%
    Total $225,000 $725,000 $4,500,000
    Seite 1 von 6 




    newsfile
    0 Follower
    Autor folgen

    Verfasst von newsfile
    Standard Uranium Executes Letter of Intent to Option Rocas Uranium Project in Eastern Athabasca Basin Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a letter of intent (the "LOI"), dated …