STND - Standard Uranium reached agreement to option its Atlantic Project in the Athabasca Basin
(NewsDirect)
Standard Uranium CEO Jon Bey joined SteveDarling from Proactive to unveil a significant development for thecompany: the signing of a term sheet with ATCO Mining, enabling themto acquire a seventy-five percent interest in the 3,061-hectareAtlantic Project situated in the eastern Athabasca Basin.
This marks the company's fourth optionagreement and positions Standard Uranium as the operator of theproject. With over thirty million dollars committed to explorationprograms over the next three years and nine million dollars dedicatedto exploration in 2024, Standard Uranium is poised for significantadvancement.
In addition to thismilestone, Bey disclosed that the company has made another strategicmove through the acquisition of the Harrison uranium explorationproject in the southwest Athabasca Basin region of NorthernSaskatchewan.
Through staking, theAscent project has been expanded by 3,728 hectares, effectivelydoubling its size. This expansion brings the company's ownershipinterests to eleven exploration properties, totaling over 209,867acres across the uranium-rich Athabasca Basin.
Notably, the Harrison project presents acompelling opportunity as it has never undergone drill testing,offering Standard Uranium additional exploration exposure in thesouthwest Athabasca uranium district.
These developmentsunderscore Standard Uranium's strategic focus on expanding itsexploration portfolio and advancing its presence in key uranium-richregions. With a robust exploration budget and an expanded projectportfolio, the company is well-positioned to capitalize onopportunities in the uranium market. Stay tuned for further updates asStandard Uranium continues its exploration efforts and seeks to unlocksignificant value for its stakeholders in the dynamic uraniumsector.
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