Standard Uranium Announces Significant Project Expansion and Exploration Plans on the Corvo Uranium Property in the Eastern Athabasca Basin Region, Saskatchewan

Core Viewpoint - Standard Uranium Ltd. has announced a significant expansion of its Corvo uranium exploration project in the eastern Athabasca Basin, increasing the project size from 7,989 hectares to 12,265 hectares through low-cost staking, which enhances its potential for high-value uranium exploration [3][5][10]. Project Expansion Details - The expansion adds 4,276 hectares and 14.8 kilometers of exploration strike length along three strong NE-SW magnetic low trends, coinciding with electromagnetic conductors and cross-cutting faults, creating highly prospective shallow drill targets [5][8]. - The Corvo Project now consists of 13 mineral dispositions totaling 12,265 hectares, strategically located near significant uranium mining infrastructure [7][10]. - Historical drill results indicate uranium mineralization along an 800-meter strike length, with notable historical surface results of 59,800 ppm U at the Manhattan Showing [5][9]. Future Exploration Plans - A modern electromagnetic survey is planned for fall 2024 to refine drill targets and enhance the understanding of the conductive corridors across the project [5][13]. - The company aims to confirm historical uranium showings through modern prospecting, sampling, and mapping, particularly focusing on the Manhattan Showing [15]. - The expansion is part of a broader strategy to increase landholdings in the eastern Athabasca Basin, providing opportunities for joint ventures and earn-in transactions [10][17]. Company Overview - Standard Uranium holds interests in over 220,432 acres (approximately 89,206 hectares) in the Athabasca Basin, focusing on the identification and exploration of uranium targets [17]. - The company has successfully completed joint venture earn-in partnerships totaling over $23.8 million in work commitments from 2024 to 2027 [18].