Standard Uranium reached agreement to option its Atlantic Project in the Athabasca Basin
Vancouver, Canada
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February 20, 2024 10:56 AM Eastern Standard Time
Standard Uranium CEO Jon Bey joined Steve Darling from Proactive to unveil a significant development for the company: the signing of a term sheet with ATCO Mining, enabling them to acquire a seventy-five percent interest in the 3,061-hectare Atlantic Project situated in the eastern Athabasca Basin.
This marks the company's fourth option agreement and positions Standard Uranium as the operator of the project. With over thirty million dollars committed to exploration programs over the next three years and nine million dollars dedicated to exploration in 2024, Standard Uranium is poised for significant advancement.
In addition to this milestone, Bey disclosed that the company has made another strategic move through the acquisition of the Harrison uranium exploration project in the southwest Athabasca Basin region of Northern Saskatchewan.
Through staking, the Ascent project has been expanded by 3,728 hectares, effectively doubling its size. This expansion brings the company's ownership interests to eleven exploration properties, totaling over 209,867 acres across the uranium-rich Athabasca Basin.
Notably, the Harrison project presents a compelling opportunity as it has never undergone drill testing, offering Standard Uranium additional exploration exposure in the southwest Athabasca uranium district.
These developments underscore Standard Uranium's strategic focus on expanding its exploration portfolio and advancing its presence in key uranium-rich regions. With a robust exploration budget and an expanded project portfolio, the company is well-positioned to capitalize on opportunities in the uranium market. Stay tuned for further updates as Standard Uranium continues its exploration efforts and seeks to unlock significant value for its stakeholders in the dynamic uranium sector.
Contact Details
Proactive Canada
+1 604-688-8158
