Standard Uranium completes surveys on Davidson River
Executive Summary
- Standard Uranium completed ExoSphere Multiphysics surveys at the Davidson River project, identifying multiple high‑priority uranium targets across Warrior, Bronco and Thunderbird corridors.
- The company is preparing a four‑ to six‑week diamond drill program for September 2025 to test these new targets—the first drilling since 2022.
- A non‑brokered private placement is underway to raise up to C$3.5 million through units priced at C$0.08 (common) and C$0.10 (flow‑through), with warrants exercisable at C$0.15 for 24 months.
Key Details
- Multiphysics Survey Results
- Integrated 3‑D ambient noise tomography, HVSR velocity models, and constrained gravity block models generated for Warrior, Bronco, and Thunderbird trends.
- Distinct gravity‑low anomalies overlapping known EM conductors and basement faults suggest hydrothermal alteration zones favorable for uranium mineralization.
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Several new targets coincide with ALS GoldSpot SmartMatch machine‑learning matches to the Arrow and Triple R deposits.
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Drill Program (Fall 2025)
- Permits secured; exploration agreements executed with Clearwater River Dene Nation partners.
- Planned duration: 4–6 weeks, commencing early September 2025.
- Targets will be prioritized using prior drilling results, new ANT/HVSR/gravity anomalies, and ALS SmartMatch data.
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This will be the first diamond drilling campaign on Davidson River since 2022 (16,561 m in 39 holes to date).
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Private Placement Details
- Offering size: up to C$3.5 million gross proceeds.
- Units: C$0.08 per unit (common share + ½ warrant); Flow‑through units: C$0.10 per FT unit (common share + ½ warrant).
- Warrants: Exercise price C$0.15, exercisable any time up to 24 months after closing.
- Eligibility: Accredited investors and existing BC shareholders as of Aug 19 2025 under B.C. Instrument 45‑534.
- Allocation: First‑come, first‑served basis until the offering cap is reached.
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Use of proceeds: Primarily for exploration and development of projects, with remaining funds for general corporate and working capital purposes.
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Qualified Person Statement
- Sean Hillacre, P.Geo., President & VP Exploration, reviewed and approved all scientific and technical information per NI 43‑101.
Notable Quotes
“We have a clear geoscientific recipe for discovery at Davidson River… The new data sets from our Multiphysics surveys unlock invaluable targeting information… We are very excited to get the drills into the ground to test these new targets.” – Sean Hillacre, President & VP Exploration, Standard Uranium Ltd.