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Standard Uranium's Sean Hillacre provides insights into Rocas project deal – ICYMI
Proactiveinvestors NA· 2025-10-03 18:19
Core Viewpoint - Standard Uranium Ltd has signed a definitive agreement with Collective Metals for the Rocas project, which brings in nearly $6 million in exploration funding and non-dilutive cash, marking a significant milestone for the company [1][4]. Group 1: Agreement Details - The agreement allows for immediate commencement of an exploration program, showcasing the efficiency of the partnership [2][5]. - The Rocas project is located in an underexplored area near Key Lake Mill facilities, with historical uranium showings but limited drilling activity [2][6]. Group 2: Exploration Activities - The company has mobilized its team to begin groundwork, including sampling, mapping, and preparing drill pads for a first drill program scheduled for 2026 [3][6]. - The groundwork aims to generate news flow before winter and prepare for future drilling [6]. Group 3: Strategic Advantages - Standard Uranium's strategy focuses on leveraging partnerships to fund exploration while minimizing shareholder dilution [4][7]. - The company has established a strong in-house team, equipment, permits, and relationships, enabling a "turnkey operation" for partners [3][7].