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 |

