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 […]

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