Had a conversation yesterday with someone I trust who has made his money in the mining space, about uranium explorers.
“There’s just so many that are junk,” I exclaimed, asking, “how does a well run explorer stick its head out in this sector and get noticed?”
My friend asked who I liked, and I said Standard Uranium (STND.V), among others.
“Standard?” he said. “Jon Bey? Brother, guys like that, you just put your money down and wait. He’s going to do the work and if the drills do theirs, it’ll happen when it happens. Wherever the stock is day-to-day is irrelevant. The sun will rise, the tide will come in, and Jon Bey will do the work. These are things we know to be true.”
And then, like clockwork, Standard rolled out a news release announcing they’re doing more work.
The Standard crew are going in on their Canary project, located in the Athabasca, and they’ve teamed up with Mamba Exploration Ltd. through a deal that lets Mamba help fund the exploration in exchange for a share in the project, with exploration happening starting spring 2024.
They’ve picked out the companies that will help them drill and fly equipment to the site, and what’s really cool about this project is that it’s in a part of the Athabasca Basin that hasn’t been explored much yet.
Standard Uranium thinks there’s a good chance they’ll find high-quality uranium not too far below the ground and plan to start drilling in May 2024, looking for uranium in places they’ve identified as having a lot of promise based on previous research.
They’ve got enough money to pay for this initial exploration, thanks to Mamba, which meets an important part of their agreement, and puts them in front of a lot of pretenders who either don’t have the money, can’t get the money, or (frankly) don’t want to ruin a good story by drilling.
The Canary project is just one part of what Standard Uranium is up to, with a broad portfolio of projects across the Athabasca Basin. Their project generator model is designed to focus on what they’re really good at – prospecting and drilling – so they can flip advanced properties for a profit or JV with bigger players who can move things to the next level.
Let’s be clear – it’s not hard to find a property with uranium on it. It IS hard to progress those properties and move them forward if you don’t know what you’re doing.
This is why we’re seeing an abundance of news pieces where other companies are paying to work with Bey and his peeps as partners on projects.
If their partners know Standard is legit, and my buddy knows Standard are legit, and the news releases keep saying Standard is legit, what do you think the chances are that Standard is legit?
