Standard Uranium Intersects Local Anomalous Radioactivity and Hydrothermal Alteration at Canary Project; Concludes Inaugural Drill Program

Arizona Sonoran Copper VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that inaugural drilling activities are now complete at the Company’s 7,302-hectare Canary Project (“ Canary ” or “the Project ”) highlighting localized anomalous radioactivity 1 and prospective rock types typical of basement-hosted uranium deposits. Canary is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

The Project is currently under a three-year earn-in option agreement (the “ Option Agreement ”) with Mamba Exploration Limited. (“ Mamba ”). Pursuant to the Option Agreement, Mamba has been granted an option (the “ Option ”) to earn a 75% interest in the Project by funding CAD$6M in exploration expenditures over three years, with the inaugural drill program satisfying the year one exploration spend.

Highlights: Inaugural Success: Anomalous […]

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