Standard Uranium (STND.V) formalizes relationship with Athabasca First Nations and Communities

Standard Uranium (STND.V) today announced that it has signed an exploration agreement that formalizes the companies relationship with Ya’ thi Néné Lands and Resources (YNLR), Hatchet Lake Denesułiné First Nation, Black Lake Denesułiné First Nation, Fond du Lac Denesułiné First Nation and the Northern Hamlet of Stony Rapids, the Northern Settlement of Uranium City, the Northern Settlement of Wollaston Lake and the Northern Settlement of Camsell Portage, and the Athabasca First Nations, collectively known as the Basin Communities.

A long term partnership has been formed, and both sides benefit. The Basin Communities benefit from meaningful participation in projects that are conducted on their traditional lands, employment opportunities and financial returns to the Athabasca Community Trust.

“Ya’ thi Néné is dedicated to the environmental and socio-economic sustainability of Nuhenéné (traditional territory of the Athabasca communities) and to protecting the best interests of the Athabasca Basin residents. This Agreement demonstrates the community’s support for Standard Uranium’s projects and in return the Athabasca communities will meaningfully participate and benefit from their projects happening in Nuhenéné. We want to work with partners like Standard Uranium who acknowledge our rights and value our communities,” said Archie Disain, YNLR Board of Director for Black Lake Denesųłiné First Nation.

The agreement also establishes provisions for information-sharing, permitting processes, and environmental protection and monitoring. YNLR will oversee the agreement’s implementation, and its community land technicians will provide active monitoring to protect the land and the water of their traditional territory.

Standard Uranium is confirming its commitment to environmental sustainability, to creating employment and training opportunities in the region, and to contributing towards the socio-economic health of the seven Athabasca communities.

Jon Bey, CEO for Standard Uranium, commented, “Standard Uranium is committed to responsible stewardship of the environment, and building meaningful, mutually beneficial relationships with project communities. We are pleased to have reached this Agreement with the Basin Communities, which formalizes those commitments and provides consent and support for our current and future activities. Through this Agreement, we look forward to building upon the relationships we have established with the communities and local businesses, as we advance our uranium exploration projects in the Athabasca Basin.”

Be sure to check out our latest video on Standard Uranium, where our own uranium guru, Fabi Lara, talked to Sean Hillacre, VP Exploration at Standard.

Standard recently announced final analytical results from the phase III summer drill program at the flagship Davidson River Project. Here are the highlights:

All 2022 drill holes intersected prospective graphitic structures in basement rocks in addition to favorable alteration zones.
Analytical results returned elevated pathfinder elements in addition to locally elevated uranium and boron content in several drill holes.
Aggressive step-outs have confirmed the continuity of wide structural zones along the Bronco and Thunderbird conductors.
The southeast Bronco conductor hosts some of the most prospective basement structures intersected to date.
Several kilometres of strike length remain untested on all four conductors, with high-priority drill targets identified.
GoldSpot Discoveries Corp. (“GoldSpot”) will be providing supplementary targeting vectors for the planned 2023 drill program through data-driven AI technology.

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It should be noted that volume for the stock is consistent and comes in regularly over 100k shares per day.