Standard Uranium Closes Final Tranche of Private Placement

Core Viewpoint - Standard Uranium Ltd. has successfully closed the final tranche of its non-brokered private placement, raising a total of $3,337,400 for exploration and working capital purposes [1][2]. Fundraising Details - The final tranche raised gross proceeds of $1,513,500, contributing to a total of 15,598,750 non-flow-through units at $0.08 each and 20,895,000 flow-through units at $0.10 each [1]. - In the final tranche, 15,135,000 flow-through units were issued, each consisting of one common share and one-half of a common share purchase warrant, with warrants priced at $0.15, exercisable until October 28, 2027 [3]. - The company paid finders' fees of $69,360 and issued 693,600 finders' warrants to parties who assisted in the offering [4]. Use of Proceeds - The net proceeds from the offering are intended for the exploration of the company's Saskatchewan uranium projects and for working capital [2]. Company Overview - Standard Uranium is focused on uranium exploration in the Athabasca Basin, holding interests in over 233,455 acres (94,476 hectares) [6]. - The Davidson River Project, covering 30,737 hectares, is noted for its potential in basement-hosted uranium deposits, with recent drilling providing confidence in the exploration model [7]. - The eastern Athabasca projects encompass over 42,384 hectares and are considered highly prospective based on historical occurrences and geophysical anomalies [8]. - The Sun Dog project, covering 19,603 hectares, is also highly prospective but remains largely untested by drilling [9].