Standard Uranium Ltd. (TSX-V: STND) (OTCQB: STTDF) (FSE: 9SU) has closed its previously announced non-brokered private placement for gross proceeds of $1,006,675.

In connection with closing of the Offering, the Company issued 7,801,667 non-flow-through units, at a price of $0.06 per NFT Unit, for gross proceeds of $468,100, and 7,181,000 flow-through units, at a price of $0.075 per FT Unit, for gross proceeds of $538,575. Each NFT Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each FT Unit consists of one common share of the Company, 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 common share of the Company at a price of $0.15 at any time on or before June 3, 2027.

The net proceeds raised from the Offering will be used for the exploration of the Company’s projects and for working capital purposes. In connection with completion of the Offering, the Company paid finders’ fees of $45,921 and issued 682,523 non-transferable share purchase warrants to certain arms-length parties who assisted in introducing subscribers to the Offering. Each Finders’ Warrant is exercisable on the same terms as the Warrants. All securities issued in connection with the Offering are subject to restrictions on resale until October 4, 2025, in accordance with applicable securities laws.

Certain directors, officers and their affiliates participated in the Offering in the amount of 875,000 NFT Units and 130,000 FT Units. Participation in the Offering by insiders of the Company constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The issuance of securities to insiders of the Company is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101, in that the fair market value of the consideration of the securities issued to the insiders of the Company does not exceed twenty-five percent of the Company’s market capitalization.

Davidson River 2025 Exploration Update

The Company is pleased to provide an update on current exploration activities on its flagship Davidson River Project in the southwest Athabasca Basin region, northern Saskatchewan. Beginning on May 26, 2025, Standard Uranium in partnership with Fleet Space Technologies Canada Corp. has begun deploying the first Exosphere Multiphysics surveys in the southwest Athabasca Basin region.

The Multiphysics surveys will collect three types of geophysical data (Ambient Noise Tomography, Horizontal-to-Vertical Spectral Ratio, and Gravity) over three of the four major conductive corridors on the Project. Deployment of the first of three Multiphysics grids is currently underway with new data being collected over one of three targeted conductive corridors on the Project. The Company will provide additional updates as the survey continues throughout June 2025.

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’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, is comprised of 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 sufficient drilling despite its location proximal to uranium discoveries in the area.