Standard Uranium Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project, Northern Saskatchewan
Newsfile·2025-10-27 11:30

Core Insights - Standard Uranium Ltd. has filed a technical report on the Corvo Uranium Project, prepared in accordance with NI 43-101 standards, effective October 24, 2025 [1][2][3] Project Overview - The Corvo Project covers 12,265 hectares in the eastern Athabasca Basin, targeting high-grade basement-hosted uranium [4] - The project is located 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometers northeast of the Gemini Mineralized Zone [4][10] Option Agreement - The Corvo Project is under an option agreement with Aventis Energy Inc., allowing Aventis to acquire 75% of the project by funding C$4.5 million in exploration expenditures, making cash payments of C$225,000, and issuing C$725,000 in common shares over three years [5] Exploration Potential - The project is considered highly prospective for high-grade uranium mineralization, with recent surface sample results showing up to 8.10 wt.% U3O8 [6][11] - The project may also have potential for rare earth element mineralization, providing additional value [6] Company Background - Standard Uranium is focused on uranium exploration and holds interests in over 235,435 acres (95,277 hectares) in the Athabasca Basin [12] - The company aims to identify, acquire, and explore Athabasca-style uranium targets for future development [12]