Standard Uranium Ltd (TSE:STND) has released an update.
Standard Uranium Ltd. is gearing up for a significant drilling initiative at its Canary Project in the Eastern Athabasca Basin, funded by JV partner Mamba Exploration Limited. The project aims to uncover shallow, high-grade uranium deposits, with an initial drill program spanning 1,000-1,500 meters over several holes. The exploration, set to commence ahead of schedule this spring, is backed by Mamba’s investment of CAD$6M over a three-year period, as part of an option agreement to acquire a 75% interest in the project.
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