Standard Uranium Ltd. (“
Standard Uranium” or the
“
Company”) (TSX-V: STND) (OTCQB:STTDF) (Frankfurt:
FWB:9SU) is pleased to announce it has filed a technical report
(the “
Report”) entitled “Technical Report on the
Sun Dog Property – Northwestern Saskatchewan, Canada” prepared in
accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“
NI 43-101”) on
the Sun Dog Project (“
Sun Dog” or the
“
Project”). Sun Dog is located at the northwestern
edge of the Athabasca Basin, Saskatchewan, and is south of the
first uranium mining camp in Canada, the Beaverlodge District, near
Uranium City. The Report was co-prepared by Axiom Exploration Group
Ltd. and has an effective date of June 30, 2023. The Report is
available on SEDAR+ at www.sedarplus.ca and is published on the
Company’s website at www.standarduranium.ca.
Qualified Persons
All scientific and technical information
contained in the Report summarizing the work completed to date on
the Project has been reviewed and approved by Darren Slugoski,
P.Geo., of Axiom Exploration Group Ltd., co-author of the report
and independent Qualified Person (“QP”) under the
definitions established by National Instrument 43-101. The Report
was co-authored by Sean Hillacre, M.Sc., P.Geo., President and VP
Exploration of the Company, QP under the definitions established by
NI 43-101. The Report does not contain a Mineral Resource Estimate
(“MRE”) in accordance with NI 43-101.
The QPs have reviewed and verified that the
technical information with respect to all the Company’s exploration
efforts to date contained in the Report are accurate and have
approved the written disclosure of such information. The Report is
intended to be read as a whole, and sections should not be read or
relied upon out of context.
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 187,542 acres (75,895 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 Atlantic, Canary, Ascent,
Corvo, and Rocas Projects, in the eastern Athabasca Basin, comprise
twenty-three mineral claims over 25,242 hectares. 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.
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.
For further information
contact:
Jon Bey, Chief Executive Officer and
Chairman1030 West Georgia Street, Suite 918Vancouver, BC V6E
2Y3Tel: 1 (306) 850-6699E-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 timing and content of upcoming work
programs; geological interpretations; timing of the Company’s
exploration programs; and estimates of market conditions.
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, 2023, dated August 28, 2023.
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: 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 TSX-V nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this
release.
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