Standard Uranium strikes deal to expand newly-staked Corvo Project in eastern Athabasca Basin

Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) told investors that it has struck a deal to acquire eight additional claims totalling 4,278 hectares contiguous with its recently-staked Corvo Project in the eastern Athabasca basin region of Saskatchewan.

In a statement , the company said its wholly-owned Standard Uranium (Saskatchewan) Ltd entered into a mineral property purchase and sales agreement, dated August 24, 2023, with Eagle Plains Resources for the claims. It will issue Eagle Plains with 1.25 million shares and grant it a net smelter return (NSR) royalty of 2.5% on all Corvo claims from when commercial production kicks off. It can reduce the NSR royalty to 1.5% for $1 million.

Upon completion of the acquisition, Standard Uranium said the Corvo Project will comprise 7,989 hectares within 10 claims and contain 14.5 km of prospective exploration corridors across two trends.

The company said it continues to implement its project generator growth strategy, adding […]

Click here to view original web page at www.proactiveinvestors.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.