Standard Uranium Prepares to Mobilize for JV-Partner Funded Inaugural Drill Program at Canary Project, Eastern Athabasca Basin

VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that drilling and mobilization plans have been finalized for the inaugural drill program on the 7,302-hectare Canary Project (“ Canary ” or “the Project ”). 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 planned for spring 2024.

The Company and Mamba are pleased to announce that final planning is complete for the inaugural Spring/Summer drill program on the Project, situated in the prolific eastern Athabasca Basin (Figure 1). […]

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