Standard Uranium Announces Transaction on Brown Lake Uranium Project in the Eastern Athabasca Basin, Saskatchewan

Vancouver, British Columbia–(Newsfile Corp. – September 26, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) (" Standard Uranium " or the " Company ") is pleased to announce that it has signed a property acquisition agreement (the " Acquisition Agreement ") with Mustang Energy Corp. (CSE: MEC) (" Mustang " or the " Purchaser "), an arms-length party, on the Brown Lake Project in the eastern Athabasca Basin region of northern Saskatchewan (Figure 1).

In accordance with the terms of the Acquisition Agreement, the Company will transfer ownership of a 90% interest in the Brown Lake Project to Mustang in consideration for 60,000 common shares of Mustang. Following the transfer, Mustang will be responsible for all expenses associated with maintaining and developing the Project, and the Company will retain a 10% carried interest.

Key Highlights: Standard Uranium retains a 10% free carried interest in the Brown Lake […]

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