Standard Uranium Initiates Inaugural Drill Program at The Rocas Uranium Project, Southeast Athabasca Basin

Core Viewpoint - Standard Uranium Ltd. has commenced drilling activities at the Rocas Uranium Project, marking the first drilling campaign in the project's history, with a focus on discovering shallow, high-grade uranium mineralization [1][6][10]. Project Overview - The Rocas Uranium Project is located 75 kilometers southwest of the Key Lake Mine and Mill facilities along Highway 914, covering an area of 4,002 hectares across three mineral claims [1][6]. - The project is under a three-year earn-in option agreement with Collective Metals Inc., which can earn a 75% interest by funding CAD$4.5 million in exploration expenditures [5][6]. Drilling Campaign Details - Drilling began on March 16, 2026, with an estimated 1,200 to 1,500 meters of diamond drilling planned across six to eight drill holes [6][10]. - The drilling program is expected to last approximately five weeks, targeting shallow mineralization less than 200 meters below the surface [10]. Target Selection and Methodology - Targets for the 2026 drill campaign were selected based on an iterative approach in collaboration with Convolutions Geoscience Corporation, focusing on areas with favorable geological conditions for uranium and rare earth elements [8][9]. - Historical mineralized outcrop grab samples have shown values ranging from 587 ppm U to 0.498 wt.% U3O8, which have never been drill tested [7]. Exploration Potential - The Rocas Project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, with drill targets located in a 7.5-kilometer electromagnetic corridor that has historical surface mineralization [7][10]. - Recent prospecting results indicated high-grade rare earth element mineralization up to 9.83% TREO and uranium results up to 0.41% U3O8 [10].