Standard Uranium's Transition to Project Generator Model & 2024 Plans

• Standard Uranium has transitioned to a project generator exploration company model, with 11 projects in the Athabasca Basin and JV partners funding 4 projects
• The company aims to make high-grade uranium discoveries through persistent exploration and drilling
• Standard Uranium has built strong relationships with First Nations groups, vendors, and drillers to efficiently execute exploration programs
• Over $31 million has recently been raised to fund extensive exploration campaigns starting in 2024
• The company is focused on making discoveries that could lead to 10-20x increases in share price for investors

About Standard Uranium

Standard Uranium is a Canadian junior exploration and project development company focused on the Athabasca Basin region of Saskatchewan, Canada. The company has assembled an extensive portfolio of 11 uranium projects and has transitioned to a project generator model, bringing in JV partners to fund and advance exploration on select projects while advancing its flagship Davidson River project independently.

Led by a highly experienced technical team with deep roots in the Athabasca Basin, Standard Uranium has built strong partnerships with First Nations groups and established relationships with critical project vendors and drillers. With recent financings raising over $31 million, the company is fully funded to execute major exploration campaigns across 7 projects beginning in 2024.

Interview with Chief Executive Officer, Jon Bey

New Explorer Model Drives Activity

In an interview at the 2023 Vancouver Resource Investment Conference, Standard Uranium CEO Jon Bey outlined the company’s strategic shift to a project generator model in order to accelerate exploration activity and attract partner funding across its expanding portfolio of projects.

Whereas in the past Standard Uranium focused exploration efforts on its single Davidson River project, the company recognized that raising continuous capital for drilling without major discoveries posed challenges. By developing additional projects and bringing in JV partners to fund exploration, Standard can significantly expand drilling activity while advancing its flagship asset.

Already, partnerships have been secured on 4 projects that will see over $31 million invested in exploration through 2024. With extensive preparations and relationship building culminating in 11 drill-ready projects, Standard Uranium is ready to execute fully funded exploration campaigns simultaneously across its portfolio.

Methodical Path to Discovery

A primary driver for Standard Uranium’s exploration model is efficient discovery through persistent drilling. As CEO Jon Bey notes, in the challenging business of uranium exploration, discoveries require methodical zoning in on targets through ongoing programs. While previous drilling on the Davidson River project has not yet resulted in major discoveries, vectoring continues to refine priority targets.

By transitioning to a multi-project generator model, the company can significantly expand drilling activity through partner funding while continuing to hone in on targets at Davidson River. The Davidson River project retains strong discovery potential, with Standard Uranium wholly advancing the project independently. Across the broader portfolio funded by partners, the probability of discovery success increases with each hole drilled.

For investors, Standard Uranium’s model means steady news flow from ongoing drill programs and the potential for share price appreciation on exploration successes. In the uranium space, high-grade discoveries often translate to dramatic valuation increases in the 10-20x range. With an expanded slate of funded programs, Standard Uranium is well positioned to make transformational discoveries.

Critical Relationships Drive Efficient Execution

In positioning itself for scalable project execution, Standard Uranium focused early efforts on developing critical relationships to support field exploration. CEO Jon Bey emphasized that through over 5 years of Athabasca Basin involvement, the company has established solid partnerships with First Nations groups and built connections with key vendors and drillers.

These relationships have directly enabled the advancement and smooth functioning of Standard Uranium’s project portfolio. Partners like the Ya'thi Néné Lands and Resources Office provide important support, with endorsement letters and participation in field programs. Securing reliable drillers with specialized Athabasca experience ensures availability and efficient execution.

As an experienced operator well embedded in the Athabasca region, Standard Uranium receives strong market recognition. The validation of JV partnerships and rapid permitting reflect the reputational capital that enables smooth project development. For investors, this execution capacity provides confidence in the viability of exploration plans across a multiplicity of funded programs.

Extensive 2024 Exploration Campaign

With financings in place and critical relationships established, Standard Uranium has an extensive exploration campaign set for 2024. As CEO Jon Bey detailed, the coming year will involve field programs across 7 projects, with drilling scheduled from January through October.

Recent fundraises have brought in over $31 million to power exploration work. Combined with partner contributions across 4 JV projects, the fully funded programs account for approximately $9 million in direct exploration expenditures throughout 2024.

Flagship drilling at the wholly-owned Davidson River project will see the greatest single-season activity since the company’s inception. Meanwhile, maiden drilling is planned at the Atlantic project in partnership with Anthem Resources. As results flow andfunded meters build, Standard Uranium will continue applying methodical vectoring to hone in on discovery opportunities.

For investors, 2024 marks a period of tremendous activity. With steady news flow and discovery potential on multiple fronts, the coming 12 months presents numerous value inflection points. Standard Uranium’s combination of capital, capacity, and extensive programs position it well to deliver transformational exploration success.

Conclusion

After strategically transitioning to a project generator model, Standard Uranium enters 2024 poised to unlock significant value for investors through discovery-focused exploration. With funded programs spanning 7 Athabasca Basin uranium projects and drilling underway, steady news flow and discovery updates will feature prominently over the next 12 months.

Given strong macro uranium fundamentals and the substantial valuation upside realized from high-grade discoveries in the Basin, Standard Uranium presents investors multiple opportunities for share price appreciation. Supported by First Nations partners and a highly experienced team, the potential across Standard’s transformational exploration campaign is multifold. Investors considering the uranium space would do well to closely track Standard Uranium’s progress over a catalyst-rich 2024.