Proactive Investors - Standard Uranium Ltd (TSXV:STND) has announced a shift in its business model from exploration-only to a more expansive project generator model, aimed at increasing capital efficiency and accelerating the progress of its exploration projects.
The company said it plans to engage joint-venture partners for the development of its prospective land package while retaining upside exposure to any discoveries.
With the addition of the Rocas Project, Standard Uranium now owns interests in six projects, covering over 65,205 hectares in the uranium-rich Athabasca Basin. The company is actively seeking strategic partners to advance Rocas and its other assets.
In a statement, Standard Uranium CEO Jon Bey expressed confidence in the transition, saying: "We have built an excellent uranium exploration company in the best place on earth to find high-grade uranium. Working with joint venture partners will allow our team of geologists to continue the exploration work without diluting our valued shareholders."
The Rocas Project, acquired through staking, spans 3,152 hectares in the southeastern Athabasca Basin. The project is situated along a northeast-trending magnetic low/electromagnetic conductor corridor, which has shown several uranium anomalies, including historical mineralized outcrop grab samples with grades of up to 0.50 wt. % U3O8. None of these occurrences have been drill-tested, providing significant potential for exploration and discovery.
Standard Uranium VP Exploration, Sean Hillacre emphasized the prospectivity of the Rocas Project, commenting: "Our technical team continues to identify areas with shallow drill targets and favorable geology, and we’re excited to continue investigating in this underexplored area for high-grade uranium."
Standard Uranium's strategic focus on the Athabasca Basin reflects its commitment to finding high-grade uranium deposits to power a clean energy future. The company holds a significant land package and is actively engaged in exploration and development activities across its various projects in the basin.