Uranium Exploration in Canada’s Prolific Athabasca Basin

• Stallion Discoveries is a uranium exploration company focused on the Athabasca Basin in Canada.
• They have a large land package of nearly 800 sq km in the basin, with a focus on the western side.
• They recently completed an airborne survey to identify targets and plan to drill in early 2024.
• The company also has two gold exploration projects in Idaho and Nevada next to other successful gold companies.
• Stallion has an experienced management team with past success in the Athabasca Basin.

Stallion Discoveries is a mineral exploration company focused on uranium deposits in Canada's Athabasca Basin. With a large land package and experienced management team, Stallion aims to capitalize on rising uranium demand by discovering the next high-grade deposit in the world's premier uranium jurisdiction.

The Athabasca Basin in northern Saskatchewan hosts the world's highest grade uranium mines, accounting for around 20% of global uranium production. Existing mines like McArthur River and Cigar Lake have ore grades 100 times the global average. “Again the potential to really have some serious upside is very appealing and what gets us very excited about being in the Athabasca basin,” says CEO Drew Zimmerman.

Stallion holds a dominant land position covering close to 800 sq km in this prolific region. The company is focused on the relatively under-explored western side of the basin, next to recent high-profile discoveries like Fission's Triple R deposit.

Airborne Surveying Defines High-Potential Targets

In June 2023, Stallion completed an extensive 5,000 line-km airborne VTEM geophysical survey over its entire land package. This survey helps map out conductive zones that often represent areas of alteration and mineralization. According to Zimmerman, "the VTEM survey is something that's been a proven first survey in the Athabasca Basin."

Stallion is now interpreting the VTEM data to pinpoint and prioritize drill targets. "We'll find those target zones, determine if they need further follow-up, and another geophysical study," stated Zimmerman. The company aims to start its maiden drilling program in early 2024 once final targets are selected.

Seasoned Management Team to Unlock Value

Backing up Stallion's impressive assets is a management team with a track record of success in the uranium sector. "That's one of our strong suits," explained Zimmerman. Three of the company's largest shareholders were part of the team that built Hathor Exploration, sold to Rio Tinto in 2012 for $650 million. Two other key shareholders helped assemble the early-stage Arrow deposit for Fission Uranium, now worth over $2 billion.

"A significant team that has done a lot in the Basin has a very proven track record. So a great group to have on our team at Stallion Discovers,"

This experienced leadership gives investors confidence the company can effectively explore its projects and unlock their full potential value.

Additional Gold Assets Provide Optionality

While uranium is the main focus, Stallion also holds two prospective gold exploration properties in Nevada and Idaho. These assets provide additional upside potential and funding optionality for the company.

The Goldstorm project in Idaho shares an extensive border with 6-million-ounce Perpetua Resources. At one point in 2020, Perpetua reached a $1 billion valuation when gold prices peaked. Stallion's property could potentially host mineralization extensions from Perpetua's resource. In Nevada, Stallion's Iron Point project sits adjacent to I-80 Gold's Granite Creek mine. I-80 has expanded dramatically through exploration success and acquisitions, now topping $800 million in market capitalization. Iron Point represents a prospective district-scale exploration opportunity as I-80's operations ramp up next door.

CEO Drew Zimmerman views the gold assets as "two aces that I keep in my back pocket." While uranium remains the focus, these projects provide blue-sky potential and funding flexibility for Stallion as it explores the Athabasca Basin.

Capitalizing on Soaring Uranium Demand

Stallion Discoveries is well-positioned to capitalize on a growing global uranium supply deficit. Demand is rising as nations turn increasingly to nuclear power for clean baseload electricity generation. However, miners struggle to keep pace as uranium prices languish below incentive levels.

Industry experts forecast the supply gap could reach 50 million pounds in 2023, representing nearly a quarter of total demand. This widening shortfall will drive uranium prices higher, incentivizing fresh exploration and development.

Stallion provides investors leverage to benefit from this impending uranium bull market. With capable leadership, abundant targets in a premier region, and substantial upside potential, Stallion offers an attractive opportunity in the uranium sector. The company is advancing aggressively to make the next major discovery in the prolific Athabasca Basin.

The Investment Thesis for Stallion Discoveries Corp

• Large land package in world-class Athabasca Basin with vast discovery potential
• Completed extensive airborne survey to identify high-priority drill targets
• Plan to start drilling top targets in early 2024 once permits secured
• Highly experienced management team with track record of success in basin
• Additional upside from prospective gold exploration projects
• Leverage to impending uranium bull market from supply deficit
• Tight share structure with only 89M shares fully diluted
• Valuation discount relative to Athabasca Basin peers