Standard Uranium (STND.V), a renowned uranium exploration company, is amplifying its growth strategy. Transitioning from its original exploration-only business model, the company has embraced a wider project generator model. This evolution will enable Standard Uranium to achieve capital efficiency and speed up the development of its exploration projects through joint-venture collaborations, while ensuring upside potential from any new discoveries.
This new trajectory allows Standard Uranium to diversify and bolster its portfolio. Now holding ownership interests in six projects spanning over 65,205 hectares across the uranium-laden Athabasca basin, the company has positioned itself to capitalize on the richness of the region’s resources. With the most recent acquisition of the Rocas project in Northern Saskatchewan, the company is inviting strategic partners to further accelerate progress across its asset portfolio.
Jon Bey, the CEO and Director of the company, expresses confidence in this expanded approach. “We have built an excellent uranium exploration company in the best place on earth to find high-grade uranium,” says Bey. He emphasizes that this new strategy will help the company avoid diluting shareholder value while continuing the exploration work.
Standard Uranium’s latest acquisition, the Rocas project, adds 3,152 hectares of uranium-rich land to the company’s already impressive portfolio. The Rocas project, located in the southeastern Athabasca basin, hosts several uranium anomalies and has not yet been drill-tested, making it an exciting and untapped potential source for high-grade uranium. The company plans to conduct further surface sampling and geophysical surveys to identify high-potential drill targets.
The Rocas project also brings with it several strong geochemical anomalies that rank as greater-than-95th-percentile U (uranium), Co (cobalt), V (vanadium) and Zn (zinc) along the conductor corridor. An exploration, sampling and mapping program is currently being planned for the second half of 2023, adding momentum to the company’s growth trajectory.
Vice-President of Exploration, Sean Hillacre, is enthusiastic about the Rocas acquisition, noting that the project offers another opportunity for uranium discovery. “Our technical team continues to identify areas with shallow drill targets and favourable geology, and we are excited to continue investigating in this underexplored area for high-grade uranium,” said Hillacre.
The company is optimistic about the Rocas project’s prospects for discovering high-grade basement-hosted uranium mineralization. In line with the company’s strategy to expand its footprint in the infrastructure-rich eastern Athabasca basin of Saskatchewan, Canada, the Rocas project is strategically located just 2.5 km west of Highway 914 and near the active Key Lake mill, thus providing significant logistical advantages.
With over 161,265 acres in the world-class Athabasca basin, Standard Uranium’s exploration and emerging project generator status positions it uniquely for discovery in the world’s richest uranium district. The company’s Atlantic, Canary, Ascent, Rocas, Sun Dog, and Davidson River projects present diverse opportunities for discovery and future development. These projects, with their high prospectivity for unconformity-related and basement-hosted uranium deposits, are set to propel Standard Uranium towards becoming a leader in the uranium exploration industry.
