Standard Uranium Retains 100% Unencumbered Ownership of the Sun Dog Project Through Conclusion of Property Option Agreement

Core Viewpoint - Standard Uranium Ltd. has regained full ownership of the Sun Dog Project after concluding a property option agreement with Aero Energy Ltd., which allowed Aero to earn up to 100% interest in the project. The company plans to advance exploration efforts on the project following recent drilling and geophysical programs [1][3]. Group 1: Project Overview - The Sun Dog Project spans 48,443 acres (19,604 hectares) across nine mineral claims and is located 15 km southeast of Uranium City in the Athabasca Basin. It includes the historical Gunnar Uranium Mine, which produced approximately 18 million pounds of U3O8 from 1953 to 1981 [2][8]. - The project is highly prospective for both basement-hosted and unconformity-related uranium deposits, yet remains largely untested by sufficient drilling despite its proximity to known uranium discoveries [32]. Group 2: Exploration and Drilling Activities - Recent exploration efforts have focused on multiple target areas within the project, aiming to discover high-grade uranium by testing down-dip extensions of structures hosting uranium at the surface [6][17]. - Standard Uranium has completed a total of 4,062 meters of diamond drilling across 21 drill holes on the project during the winters of 2022 and 2023, with additional drilling planned for 2024 [15][17]. - Historical exploration primarily targeted lower-grade, fault-hosted mineralization, which was less effective for identifying high-grade deposits associated with graphitic rocks [16]. Group 3: Geophysical Surveys and Findings - Geophysical surveys, including ground gravity and UAV-borne magnetic surveys, have identified multiple gravity low target areas and variations in residual gravity, indicating potential zones of hydrothermal alteration associated with uranium mineralization [12][14]. - An airborne VTEMTM Plus survey completed in 2024 improved upon historical surveys, identifying at least 40 km of combined conductor strike length favorable for hosting significant uranium concentrations [13]. Group 4: Future Plans and Partnerships - The CEO of Standard Uranium expressed confidence in securing a joint venture partner to fund further exploration of the Sun Dog Project within the next year, highlighting the project's potential and the interest it has garnered from multiple companies [3].