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Standard Uranium Closes Second Tranche of Private Placement and Announces LIFE Offering
Newsfile· 2025-09-24 11:30
Core Viewpoint - Standard Uranium Ltd. has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $484,000, and is planning a LIFE Offering to further enhance its capital for exploration projects [2][5][6]. Private Placement Offering - The second tranche involved the issuance of 1,550,000 non-flow-through units at $0.08 each, generating $124,000, and 3,600,000 flow-through units at $0.10 each, generating $360,000 [3]. - The total gross proceeds from both tranches of the Private Placement Offering amount to $1,320,100, with a total of 9,301,250 non-flow-through units and 5,760,000 flow-through units issued [5]. - The company plans to raise a total of $3,500,000 through the completion of additional tranches, with the final tranche expected to close before October 31, 2025 [5][9]. LIFE Offering - The company will offer up to 20,000,000 flow-through units under the Listed Issuer Financing Exemption, which will not be subject to a hold period [6]. - The net proceeds from both the Private Placement Offering and the LIFE Offering are intended for exploration of the company's uranium projects in Saskatchewan and for working capital purposes [8]. Company Overview - Standard Uranium is focused on uranium exploration in the Athabasca Basin, holding interests in over 233,455 acres (94,476 hectares) [10]. - The company's Davidson River Project is highly prospective for basement-hosted uranium deposits, with significant confidence in its exploration model due to recent drilling results [11]. - The eastern Athabasca projects and the Sun Dog project also show high potential for uranium deposits based on historical occurrences and geophysical anomalies [12][13].
F4 Appoints Erik Sehn as VP Exploration
Newsfile· 2025-09-24 08:30
Core Insights - F4 Uranium Corp. has promoted Erik Sehn to Vice President of Exploration, recognizing his extensive technical expertise and leadership qualities in uranium exploration [1][2][3] Company Overview - F4 Uranium is a Canadian uranium exploration company focused on the Athabasca Basin in northern Saskatchewan, with a portfolio of 17 wholly owned properties covering approximately 157,000 hectares [6] - The company aims to establish itself as an explorer and project generator, providing shareholders with early-stage exposure to uranium exploration opportunities [6] Leadership and Expertise - Erik Sehn has a proven track record in uranium exploration, having contributed to significant discoveries at F3's JR and Tetra Zones [2][3] - The company believes that Sehn's experience will be instrumental in unlocking value across its entire portfolio, particularly in underexplored areas like the Patterson Lake Area and the Eastern Athabasca Basin [2][3] Recent Developments - F4 Uranium has signed an option agreement with Stearman Resources to acquire a 70% interest in the Murphy Lake property, indicating a strategic move to enhance its exploration capabilities [2]
Stallion Uranium Appoints Peter Dembicki to Board of Directors, Initiates Haystack Intelligent Targeting Study
Globenewswire· 2025-09-22 11:30
VANCOUVER, British Columbia, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce the appointment of Mr. Peter Dembicki to its Board of Directors, bringing significant capital markets and governance expertise to the Company. In tandem with this strategic addition, Stallion has also initiated the Haystack Intelligent Targeting Study, leveraging cutting-edge AI technology to refine drill targeting across its large- ...
Standard Uranium Confirms Strong Radioactivity During Successful Exploration Program at the Corvo Uranium Project
Newsfile· 2025-09-22 11:30
Core Insights - Standard Uranium Ltd. has confirmed strong radioactivity during its exploration program at the Corvo Uranium Project, indicating high prospectivity for uranium mineralization [1][3][15] Exploration Results - The exploration program from July 4 to July 16, 2025, involved detailed mapping and sampling across historical uranium showings, confirming strong radioactivity at multiple sites [1][3] - Off-scale radioactivity was recorded at the Manhattan showing with measurements exceeding 65,535 counts per second (cps), alongside 112 occurrences of highly anomalous radioactivity up to 13,500 cps across the project [5][8][21] - New radioactive occurrences were discovered through scintillometer prospecting, indicating favorable rock types for uranium and Rare Earth Element (REE) mineralization [5][15] Geological Insights - Geological mapping confirmed the presence of deformed and hydrothermally altered basement lithologies, including metasedimentary, calc-silicate, and granitic rocks [5][15] - Historical drill holes indicated uranium mineralization along a strike length of 800 meters, with significant historical sample results reported [10][15] Future Exploration Plans - An extensive ground gravity survey is planned for Q4 2025 to identify density anomalies potentially representing hydrothermal alteration systems [5][12] - A diamond drill program is scheduled for Q1 2026 to test targets developed from the 2025 exploration programs [5][12] - The company is also conducting supplementary geophysical surveys to refine drill targets for the inaugural drill program [12][14] Project Context - The Corvo Project is strategically located near significant uranium mining operations, enhancing its potential for high-grade uranium discoveries [7][15] - The company holds interests in over 235,435 acres in the Athabasca Basin, known for its rich uranium deposits, positioning it favorably for future exploration and development [22]
Standard Uranium Executes Letter of Intent to Option Rocas Uranium Project in Eastern Athabasca Basin
Newsfile· 2025-09-18 12:00
Standard Uranium Executes Letter of Intent to Option Rocas Uranium Project in Eastern Athabasca BasinSeptember 18, 2025 8:00 AM EDT | Source: Standard Uranium Ltd.Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a letter of intent (the "LOI"), dated September 15, 2025, with Collective Metals Inc. (CSE: COMT) (the "Optionee"), an arms- ...
Cosa Identifies Over 25 km of Prospective Conductive Strike Length at the Astro Uranium Project, Athabasca Basin, Saskatchewan
Newsfile· 2025-09-17 12:00
Cosa Identifies Over 25 km of Prospective Conductive Strike Length at the Astro Uranium Project, Athabasca Basin, SaskatchewanSeptember 17, 2025 8:00 AM EDT | Source: Cosa Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that project-wide ZTEM surveying at the Astro uranium project ("Astro" or the "Project") has identified over 25 kilometres of prosp ...
Pine Ridge Uranium Project Delivers Excellent Initial Drill Results
Newsfile· 2025-09-17 11:30
Core Insights - Snow Lake Resources Ltd. has announced promising initial drill results from its Pine Ridge Uranium Project located in the Powder River Basin, Wyoming, in a joint venture with Global Uranium and Enrichment Limited [1][4]. Drilling Results - A total of 33 drill holes have been completed, totaling 12,540 meters (41,140 feet) of drilling, with significant intercepts including: - 1.1 meters at 780 ppm U3O8 within a broader interval of 3.5 meters at 540 ppm U3O8 - 1.2 meters at 1,320 ppm U3O8 within a broader interval of 2.0 meters at 920 ppm U3O8 [2][5]. - Other notable results include: - 2.0 meters at 0.092% (920 ppm) U3O8 from 314.8 meters in hole PR25-017 - 2.3 meters at 0.071% (710 ppm) U3O8 from 411.6 meters in hole PR25-008 - 1.8 meters at 0.042% (420 ppm) U3O8 from 388.0 meters in hole PR25-009 [5][8]. Project Development - The CEO expressed optimism regarding the drill results, highlighting the confirmation of redox boundaries and uranium mineralization, indicating strong development potential for the Pine Ridge project. The drill program is set to continue through the second half of 2025, aiming for a maiden mineral resource estimate by year-end [4][5]. - The ongoing drilling is focused on near-surface roll front mineralization, with results confirming the original concept of multiple redox boundaries hosted by various sand horizons [7][8]. Project Overview - The Pine Ridge Uranium Project is an In-Situ Recovery (ISR) uranium exploration project situated in the southwestern Powder River Basin, surrounded by existing uranium projects and located approximately 15 kilometers from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds U3O8 per annum [10][13].
Standard Uranium Announces Closing of First Tranche of Private Placement
Newsfile· 2025-09-16 21:48
Core Viewpoint - Standard Uranium Ltd. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $836,100 [1]. Group 1: Private Placement Details - The company issued a total of 7,751,250 non-flow-through units (NFT Units) at a price of $0.08 per unit, generating gross proceeds of $620,100, and 2,160,000 flow-through units (FT Units) at a price of $0.10 per unit, generating gross proceeds of $216,000 [2]. - Each NFT Unit consists of one common share and one-half of a common share purchase warrant, while each FT Unit consists of one common share and one-half of a warrant [2]. - The warrants allow holders to purchase one common share at a price of $0.15 until September 16, 2027 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the company's uranium projects in Saskatchewan and for working capital [4]. - Proceeds from the sale of FT Units will specifically be used to incur Canadian exploration expenses and flow-through mining expenditures, with an effective renouncement date not later than December 31, 2025 [4]. Group 3: Additional Information - The company paid finders' fees of $33,275 and issued 393,450 non-transferable share purchase warrants to parties that assisted in the offering [3]. - A statutory hold period for all securities issued will last until January 17, 2026 [5]. - Certain officers and their affiliates participated in the offering, which is classified as a related party transaction [6]. Group 4: Company Overview - Standard Uranium is focused on uranium exploration and holds interests in over 233,455 acres (94,476 hectares) in the Athabasca Basin, Saskatchewan, which is known for its rich uranium deposits [8]. - The company's Davidson River Project spans 30,737 hectares and is considered highly prospective for basement-hosted uranium deposits [9]. - The eastern Athabasca projects cover over 42,384 hectares and are also deemed highly prospective based on historical occurrences and recent geophysical anomalies [10].
Stallion Uranium Announces Grant of Options
Globenewswire· 2025-09-12 11:30
Core Points - Stallion Uranium Corp. has granted a total of 3,100,000 stock options to directors, officers, and consultants under its stock option plan [1][2] - Each option is exercisable for one common share at an exercise price of $0.45 per share for a period of five years, with 50% vesting immediately and the remaining 50% vesting in six months [2] - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which contains the largest high-grade uranium deposits globally, and holds the largest contiguous project in the Western Athabasca Basin [3] Company Overview - Stallion Uranium's leadership team consists of experts in uranium and precious metals exploration, with significant capital markets experience [4] - The company aims to contribute to future energy needs through uranium exploration [3]
Generation Uranium Identifies 17 High-Priority Targets at Yath Uranium Project, Nunavut
Thenewswire· 2025-09-11 11:30
Core Insights - Generation Uranium Inc. has identified seventeen high-priority exploration targets at its 100%-owned Yath Uranium Project in Nunavut, indicating significant potential for new discoveries in a proven uranium belt [1][4][8] Company Overview - Generation Uranium Inc. is a Canadian uranium exploration company focused on advancing its Yath Uranium Project, strategically located in Nunavut's Angilak district, which is recognized as one of Canada's most active emerging uranium exploration camps [2][7] Exploration and Survey Details - The Yath Project covers a total area of 123 km² and has undergone a large-scale airborne Mobile MagnetoTellurics (MMT) survey, which included approximately 890 line-km of data collection at 150-meter spacing [4][5] - The survey was conducted in collaboration with a neighboring operator to achieve cost efficiencies and is expected to refine and prioritize drill-ready targets [4][5] Target Highlights - The identified targets include areas with significant radioactivity and historical high-grade uranium assays, such as: - VGR Trend, characterized by a 5-kilometer mineralized corridor with pervasive alteration and traceable radioactive structures [7] - Embryo Creek, with historical grab samples assaying up to 9.81% U₃O₈, indicating robust polymetallic potential [7] - Additional zones showing significant radioactivity, often exceeding 10,000 counts per second (cps) [7]