Standard Uranium Closes Final Tranche of Private Placement

Press Release

Vancouver, British Columbia, Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) announces that it has closed the final tranche of its non-brokered private placement (the “Offering”).  In connection with closing of the final tranche, the Company has issued 1,382,352 units (each, a “NFT Unit”) at a price of $0.085 per NFT.

When combined with the earlier tranches of the Offering, the Company has issued a total of 1,382,352 NFT Units and 8,000,000 FT Units for aggregate gross proceeds of $917,499.92.

Each NFT Unit consists of one common share of the company and one-half-of-one transferable common share purchase warrant (each whole warrant, a “Warrant”).  Each FT Unit consists of one common share of the company to be issued as a flow-through share, within the meaning of the Income Tax Act (Canada), and one-half-of-one Warrant.  Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15for a period of twenty-four months.

No finders’ fees were payable by the Company in connection with completion of the final tranche of the Offering.  All securities issued in connection with the final tranche of the Offering are subject to restrictions on resale until June 29, 2025, in accordance with applicable securities laws.

About Standard Uranium (TSX-V: STND)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium has successfully executed three joint venture earn-in partnerships on their Sun Dog, Canary, and Atlantic projects totaling over $23.8M in work commitments over the next three years from 2024-2027, all of which will be managed by Standard’s experienced exploration team.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, comprises nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by drilling despite its location proximal to uranium discoveries in the area.

QP Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a “qualified person” as defined in NI 43-101.

For further information contact:

Jon Bey, Chief Executive Officer, and Chairman

Suite 918, 1030 West Georgia Street

Vancouver, British Columbia, V6E 2Y3

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

IBF4