Standard Uranium sees nuclear energy as key player in carbon-free future
The company is looking to make the next big uranium discovery in the Athabasca Basin region of northern Saskatchewan where it holds five high-quality projects
Company
CVE:STND
Standard Uranium is a Canadian junior uranium exploration and project-generator company looking to make the next big discovery in the Athabasca Basin region of northern Saskatchewan, Canada. With a proven track record of high-grade uranium discovery and a portfolio of over 233,455 acres of highly prospective land across the Athabasca Basin, the company's exploration team is focused on finding the fuel to power a clean energy future.
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The company is looking to make the next big uranium discovery in the Athabasca Basin region of northern Saskatchewan where it holds five high-quality projects
The Vancouver-based explorer was created in 2017 with the sole intention of making a high-grade discovery at its flagship Davidson River property in the Athabasca Basin region of Saskatchewan
The company will be executing a minimum of two drill campaigns in addition to geophysical surveys over four of its projects to prioritize targets and focus drilling
Young is an experienced mining executive and resource development geologist, while Shashkova has over two decades of finance experience and acumen
The company said initial assay results from the drill program showed elevated radioactivity discovered in the Saint, Warrior and Bronco trends
CEO Jon Bey said that signing the engagement agreement is a "milestone event for our team at Standard Uranium and a step towards building strong relationships with local stakeholders"
The net proceeds raised from the sale of company units will be used for the exploration and development of its Davidson River Project and for working capital purposes
Standard Uranium believes that Davidson River is highly prospective for basement-hosted uranium deposits
The first portion of the summer program will focus on testing new high-priority targets along the Saint and Bronco trends, as well as follow-up holes along the Warrior trend
Leading the exploration program will be new vice president, exploration Sean Hillacre, who has just been appointed to the role
The program in Saskatchewan is expected to run the entire summer season, wrapping up in mid-September
The junior had only planned on a 2,500 metre program but quadrupled after strong results in the Saint trend
The winter program will consist of about 4,500 metres of diamond drilling in nine holes, with the objective of making a basement-hosted, high-grade uranium discovery