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Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Friday, 02 February 2024 14:00
Standard Uranium Ltd. has announced the acquisition by staking of three new 100% owned uranium exploration properties in the Athabasca Basin region, northern Saskatchewan.
With the addition of the Cable Bay Southwest, Ox Lake, and Brown Lake Projects, the company now has ownership interests in ten projects, totalling over 196 300 acres across the uranium-rich Athabasca Basin. With three earn-in option agreements completed since expanding the company’s business strategy to include project generation in addition to pure exploration strategies, the company continues to seek strategic partners to advance non-core projects, including these newly acquired assets.“The acquisition of these new properties, further increasing our land holdings to ten projects, provides Standard Uranium shareholders with increased exposure to transactional and discovery upside,” said Sean Hillacre, President and VP Exploration for the company. “This is yet another example of our technical team continuing to identify areas with shallow drill targets and favourable geology for uranium discovery, and we look forward to what we will be able to do with these claims in 2024.”“Dedication and focus have once again paid off with the addition of this latest set of properties,” stated Neil McCallum, lead technical director of Standard. “These properties all have significant exploration merit that we seek to unlock through either our own capital or through option/land deals.”
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