davidson and company vancouver

Standard Uranium Begins Phase II Winter Drill Program at its Flagship Davidson River Project

Standard Uranium Ltd. ("Standard Uranium" or the "Company") (TSX-V:STND) (OTCQB:STTDF) (Frankfurt:FWB:9SU) is pleased to announce the Phase II winter drill program at its flagship 25,886-hectare Davidson River Uranium Project (the "Project") has begun. The winter program will consist of approximately 4,500 m of diamond drilling in 9 holes. The Project is located in the Southwest Athabasca Uranium District of Saskatchewan 25 km to 30 km to the west of Fission Uranium's Triple R and NexGen's Arrow deposits and encapsulates the Warrior corridor which is inferred to be the continuation of the Patterson Lake corridor. Full details of the Phase II drill program are available in the previously announced news release on December 29, 2020 .

Jon Bey, President, CEO and Chairman, commented: "It is great to see the drills turning again on our Davidson River Project and to have the Aggressive Drilling team working with us once again. Their experience with our Phase I drilling program, and in this region, will go a long way to help us in making a high-grade uranium discovery. Our technical team have prepared an exciting drill program and I look forward to getting to the project site to view core with them."

Phase II Drilling Program Summary and Update :

  • Objective is to make a basement hosted high-grade uranium discovery,
  • 4,500m in nine holes planned for winter, and 1,350m in four holes planned for summer,
  • Road construction completed on February 5 th , 2021,
  • Drilling commenced on February 8 th , 2021,
  • Follow-up drilling on the Warrior corridor with vectoring information gained during the Phase I program (See Figure 1),
  • Exploring two new corridors, Bronco and Saint (See Figure 1), through drill testing offsets and flexures in wide conductive corridors searching for: radioactivity, alteration, structure, and graphite-rich and sulphide-rich shear zones,
  • Increasing the geological knowledge and discovery potential of the Davidson River Property through collection and interpretation of technical information from strategically planned drill holes.

Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98cf708c-655d-489d-8001-bb639b61176c

Sean Hillacre, Project Geologist and Exploration Program Manager, states, "I am very happy to be back up here drilling our refined Warrior targets and breaking ground on the Saint trend. The Phase II targets we have developed for this winter season are very encouraging and we have assembled an outstanding exploration team, with experience at making discoveries in this region. I am excited to see what we can accomplish with the technical information gained from our Phase I drilling."

The Company is using the Big Bear Lodge located on Grygar Lake as its base camp for the duration of this exploration program. "It is extremely important for us to partner with the local communities and safety is our number one priority. We will follow best practices for working safely and will continue to monitor the COVID-19 situation," stated Neil McCallum, VP Exploration.

The scientific and technical information contained in this news release has been reviewed and approved by Neil McCallum, VP Exploration and is a "Qualified Person" as defined in NI 43-101. For additional information with respect to the Davidson River Project, please reference the NI 43-101 technical report titled: "Updated Technical Report on the Davidson River Property Northwest Saskatchewan, Canada" with an effective date March 16, 2020 available under the Company's SEDAR profile at www.sedar.com.

About Standard Uranium (TSX-V: STND)

We find the fuel to power a   clean energy   future

Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia. Since its establishment, Standard Uranium has focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada. Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, is comprised of 21 mineral claims over 25,886 hectares. The Davidson River Project is highly prospective for basement hosted uranium deposits. A copy of the NI 43-101 Technical Report that summarizes the exploration on the Project is available for review under Standard Uranium's SEDAR issuer profile ( www.sedar.com ).

For further information contact:

Jon Bey, President, Chief Executive Officer, and Chairman
550 Denman Street, Suite 200
Vancouver, BC V6G 3H1
Tel: 1 (306) 850-6699
E-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 the assumptions, expectations, estimates and projections as of the date of this news release.    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. Standard Uranium 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. Readers should not place undue reliance on forward-looking statements.

Neither 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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
 Blue Sky Uranium President and CEO Nikolaos Cacos.

Blue Sky Uranium Forges Ahead with Ivana Project Through Strategic COAM Joint Venture

Blue Sky Uranium (TSXV:BSK,OTCQB:BSURF,FWB:MAL2) is making significant strides in advancing its flagship Ivana uranium-vanadium project in Argentina. In a recent interview, President and CEO Nikolaos Cacos detailed the company's newly formed joint venture with Abatare Spain (COAM), a strategic partnership poised to accelerate the project toward production.

Cacos highlighted the establishment of a new joint venture company, Ivana Minerales, formed with COAM to drive the Ivana deposit forward. This collaboration represents a pivotal moment for Blue Sky, as COAM is committed to funding cumulative expenditures of US$35 million to acquire a 49.9 percent indirect equity interest in the deposit. Furthermore, COAM holds the option to increase its stake to 80 percent by completing a feasibility study and fully funding the project's costs.

“As far as our long-term objectives go, it achieves the first long-term objective of creating a pathway to take it right through to production, and allows us now to begin to look at and focus on our other 100 percent owned projects that we have … coming up with a second uranium discovery,” Cacos explained.

Keep reading...Show less
Nine blocks form a check mark.

US Admin Fast Tracks Laramide Uranium Projects, Meta Pens Nuclear Power Deal

Laramide Resources' (TSX:LAM,ASX:LAM,OTCQX:LMRXF) Crownpoint-Churchrock and La Jara Mesa uranium projects in New Mexico have received covered project status under the federal FAST-41 permitting initiative.

Enacted in 2015, the FAST-41 designation is intended to streamline the environmental review and permitting processes for infrastructure projects considered important to national interests.

Since taking office, President Donald Trump has issued several executive orders and initiated a Section 232 investigation into energy security as part of a broader focus on accelerating domestic energy and critical minerals development.

Keep reading...Show less
A researcher collects water samples.

China's Breakthrough in Uranium Seawater Extraction Boosts Efficiency by 40 Times

Chinese researchers have unveiled a method of extracting uranium from seawater at a fraction of the previous cost and energy use, positioning the country to potentially secure long-term domestic supply.

Scientists from Hunan University have developed an advanced electrochemical system that can extract uranium from seawater more efficiently and economically than any method currently in use.

The innovation, led by Professor Shuangyin Wang and his team, features a novel dual-electrode design using copper at both the positive and negative terminals, allowing uranium ions to be collected simultaneously at both ends.

Keep reading...Show less
Aerial view of a power plant with four large cooling towers emitting steam.

Top 10 Uranium-producing Countries

Global uranium production has experienced significant fluctuations over the past decade.

After peaking at 63,207 metric tons in 2016, global uranium output declined over the subsequent years as many uranium mines were rendered uneconomic by persistent low spot prices due to factors such as oversupply and lower demand following the 2011 Fukushima disaster. In 2022, world uranium production totaled just 49,355 metric tons.

However, the uranium market started turning around in 2021, leading uranium miners to begin restarting production at their mines in recent years. In early 2024, prices surged to a 17 year high of US$106 per pound, driven by a growing global commitment to nuclear energy as a low-carbon power source and supply concerns from major producers like Kazakhstan's Kazatomprom (LSE:KAP,OTC Pink:NATKY).

Keep reading...Show less
Terra Clean Energy Announces Amendment to Option Agreement and Debt Settlement

Terra Clean Energy Announces Amendment to Option Agreement and Debt Settlement

TERRA CLEAN ENERGY CORP. (“ Terra ” or the “ Company ”) (CSE: TCEC, OTCQB: TCEFF , FSE: 9O0 , is pleased to announce that the proposed issuance of common shares pursuant to the Company’s option agreement (the “Option Agreement”) with Skyharbour Resources Ltd. (“Skyharbour”) whereby the Company can earn up to a 75% interest in the South Falcon East uranium project, Athabasca Basin, Saskatchewan, Canada (the “Property”).

Under the terms of the Option Agreement, on or before May 31, 2025, the Company was to issue Skyharbour $820,000 in common shares to Skyharbour based on the VWAP calculated on the day of issuance. In the event that such issuance would result in Skyharbour owning more than 9.9% of the Company’s issued and outstanding number of common shares at the time of the issuance, the amount of common shares to be issued would be reduced so that the issuance would result in Skyharbour owning no more than 9.9% of the Company’s issued and outstanding number of common shares at the time of the issuance (and the amount of such reduction in the amount of common shares to be issued to satisfy the $820,000 would be satisfied through the issuance of common shares on or before February 28, 2026).

Keep reading...Show less
American flag overlays a glowing nuclear power plant with cooling towers at sunset.

Trump’s Nuclear Revival Plan Boosts Uranium Prices, Sends US Miners Soaring

Uranium is on the rise after President Donald Trumpsigned executive orders aimed at revitalizing the US nuclear industry — including measures to strengthen domestic fuel supply and expand the nuclear workforce.

On Tuesday (May 27), the U3O8 spot price climbed to US$72 per pound, its first move above US$70 since early February.

Trump’s promise to fast track mine permits has also benefited uranium companies with projects in the US.

Keep reading...Show less

Latest Press Releases

Related News

×