Chairman, President & CEO Jon Bey as well as Vice President of Exploration Neil McCallum give a presentation on Standard Uranium at the October 2020 Virtual Investor Day (VID) Conference.
Standard Uranium (TSX-V: STND) is a Canadian junior uranium exploration company focused on finding a high grade uranium discovery in the Athabasca Basin in Saskatchewan, Canada. Standard Uranium's flagship asset is their Davidson River project, which appears to be on the western extension of the same conductive corridor (the Patterson Lake Corridor) that hosts known high grade uranium deposits such as NexGen Energy's Arrow deposit and Fission Uranium's Triple-R deposit. Despite Davidson River being in a highly prospective area for finding high grade, basement hosted uranium mineralization, Standard Uranium was the first company to drill the Davidson River property after the project was previously off limits for mineral exploration and then stuck in legal limbo for several years during a lawsuit. The company started their maiden drill campaign on the property in August and completed the drill program on budget and on time in September of this year. Given this was the first time the property had ever been drilled, Standard Uranium not surprisingly did not intersect high grade mineralization. However, the drill program was successful, identifying that the general area hosts the right type of rocks required to form a uranium deposit: graphite and sulphide bearing rocks within reactivated sheer zones, breccia and faults. The drilling verified that the conductors detected in the geophysical data do exist, as part of the conductor was intersected with the initial drilling (a success in itself). The basement rocks, which are the target for hosting mineralization, lie only about 80 - 90 meters below surface overburden, meaning most of the meters drilled can go towards the actual rocks of interest.
Standard Uranium made it's IPO debut on the Toronto Venture Exchange in May 2020, and the company has since successfully closed two prospectus raises led by Red Cloud Securities, with participation in the latest raise by Canaccord Genuity as well. Jon, Neil and the team at Standard Uranium now find themselves fully funded for a winter drilling campaign at Davidson River that will follow up on the maiden summer program, expected to start sometime in Q1 of 2021. The company will also be allocating funds towards further exploration of their Gunnar Project, located in the north-western part of the Athabasca Basin. This project, which was just staked and acquired in July, has already shown promise based on the discovery of samples featuring off-scale radioactivity, as disclosed on September 24th, 2020. A follow-up, fully-funded exploration campaign at Gunnar is expected in late Q1 of 2021.
CEO Jon Bey has assembled a solid team for a recently-public, junior exploration company. In addition to Neil McCallum, who has over 15 years of experience exploring for uranium in the Athabasca Basin, Standard has also attracted Garrett Ainsworth (director), Galen McNamara (technical advisor) and Sean Hillacre (drill program manager / project geologist), all of whom have extensive experience at NexGen Energy's Arrow deposit and know exactly what rock types to look for in order to discover the Athabasca Basin's next Tier 1 uranium discovery. The level of experience of the team seems to have attracted the attention and confidence of several of the globe's top uranium-focused funds, and Standard Uranium counts Sachem Cove (Mike Alkin), L2 Capital (Marcello Lopez) and Tribeca Investment Partners as key shareholders.
Standard Uranium is listed and trades on the Toronto Venture Exchange under the symbol TSX-V: STND and the Frankfurt Exchange under symbol FRA: 9SU. At the time of writing, quotation on the OTCQB marketplace is not yet in place, but is being pursued and expected soon.
For more information on Standard Uranium please visit their website at: https://www.standarduranium.ca/
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Originally filmed on October 20th, 2020