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Standard Uranium: Discussing Progress to Date in 2020

Join us as FTMIG sits down with three of the key players at Standard Uranium (TSX-V: STND): CEO Jon Bey, Vice President of Exploration Neil McCallum, and Project Manager / Project Geologist Sean Hillacre. Jon, Neil and Sean speak on a variety of topics, from the company's recently announced $3M prospectus financing to the results of the Phase I drilling at the STND's flagship Davidson River asset and early exploration work at their recently acquired Gunnar project.

Standard Uranium is an exploration stage company focused on making an economic uranium discovery of merit in Saskatchewan's Athabasca basin, which is host to the largest high-grade uranium deposits in the world. Despite complications from COVID in northern Saskatchewan which caused a later than planned start, Standard Uranium was able to complete their Phase I drill program at Davidson River on time and on budget. Until August 2020, the company's Davidson River property had never had any diamond drilling; STND was able to successfully drill 13 holes to test various parts of the Warrior Trend, one of the three main conductive corridors at Davidson River. While the company did not intersect any uranium mineralization - and given this was a maiden drill program, it was not expected that they would - the drilling campaign was still successful as it intersected the western edge of the large conductive body identified through geophysics. Additionally, STND encountered two key ingredients required to form a uranium deposit: fractured rocks that can serve as permeable pathways for fluid movement, as well as graphite and sulphides that can cause uranium-bearing fluids to precipitate out uranium to form uranium mineralization. With the recently announced financing, the company appears that it will be fully funded to conduct a follow-up, Phase II drill program sometime in Q1 2021 at Davidson River. The aim of that campaign will be to intersect the eastern boundary of the Warrior trend conductor, as well as hopefully encounter zones of aggressive hydrothermal alteration that would allow the company to narrow in on uranium-mineralized zones.

Notably, in addition to encouraging results at Davidson River, VP Exploration Neil McCallum comments on the discovery of off-scale radioactivity in mineralization at surface at the Gunnar project, located in the NW part of the Athabasca Basin. Standard Uranium has allocated some funds to follow up on these initial results at Gunnar, giving the company two projects that appear to show promise.

Standard Uranium continues to enjoy strong support in the market from both retail and institutional backers. In fact, CEO Jon Bey discusses that the company is looking to bring in more retail investors to improve liquidity as the institutional holders are not apt to trade their shares. After completing a successful, upsized financing in June for $4.5M, as announced on September 30th, the company is once again going back to the market to raise additional funds to ensure it is well capitalized for follow-up work at its most prospective properties. In another vote of confidence from the market, the company, which is looking for $3M, had commitments for the full amount within a single day. It seems that market likes what the company is doing so far and wants to see what comes next at both Davidson River and Gunnar.

For more information on Standard Uranium and to view the company's most recent investor presentation, you can visit: https://www.standarduranium.ca/

1:15 Introductions
2:59 Reflecting on 2020 successes and accomplishment of goals
6:40 Jon talks about the recently announced capital raise and how funds will be allocated
9:06 Jon discusses institutional support in the current capital raise
10:52 Jon discusses the company's efforts with respect to raising market awareness of STND
13:44 Introduction to Sean Hillacre and his background/experience
18:20 Discussion around Phase I drill results how they confirm the right "ingredients" for a uranium deposit
19:59 Do the rocks at Davidson River compare favourably to Arrow?
22:10 Explaining the importance of delineating the edges of the conductive corridor
23:50 Neil & Sean weigh in on what areas at Davidson River excited them the most
25:56 Sean explains reactivation and shear zones
29:47 Explaining the importance of quartz veining in the rocks
32:36 Discussing the planned Phase II drill program
34:51 Neil discusses the strategy behind where to explore
36:17 Neil discusses the significance of finding carbonatites at Davidson River
39:15 What does success look like for Phase II ?
42:59 Why is STND confident they will find uranium at the Gunnar Project where others have not been successful
49:20 Neil discusses the logistics of working at Gunnar
51:58 Neil & Sean discuss what has them most excited going forward
54:20 CEO Jon Bey provides his closing thoughts

Originally filmed on October 1st, 2020