Standard Uranium Announces Davidson River Drill Program and Private Placement

Core Viewpoint - Standard Uranium Ltd. is initiating a diamond drill program at its flagship Davidson River project in the southwest Athabasca Basin, Saskatchewan, alongside a non-brokered private placement to raise up to C$3,500,000 for exploration and working capital [1][5]. Group 1: Drill Program and Exploration - The drill program at Davidson River is a culmination of over three years of preparation, with the company expressing excitement about the upcoming drilling activities [3][12]. - The project covers 30,737 hectares and is located in a highly prospective area for basement-hosted uranium deposits, situated along trend from significant uranium discoveries [10][15]. - The company has secured all necessary drill permits and signed Exploration Agreements with the Clearwater River Dene Nation, with drilling scheduled to commence in early September 2025 [7][12]. Group 2: Private Placement Details - The private placement will consist of units priced at C$0.08 and flow-through units at C$0.10, with each unit including one common share and one-half of a common share purchase warrant [4]. - The net proceeds from the offering will be allocated for exploration of the company's projects and for working capital purposes [5]. Group 3: Multiphysics Survey and Targeting - Standard Uranium, in partnership with Fleet Space Technologies, has completed the first Exosphere Multiphysics survey in the southwest Athabasca Uranium District, providing critical targeting information for the upcoming drill program [7][11]. - The survey utilized advanced geophysical data collection methods, which will enhance the targeting of high-priority areas for uranium mineralization [11][12]. - The company plans to integrate data from previous drill campaigns with new survey results to refine drill targets for the summer program [14][18].