Street Calls of the Week
VANCOUVER - Standard Uranium Ltd. (TSXV:STND), a uranium exploration company whose stock has surged over 100% year-to-date according to InvestingPro data, announced Friday it will significantly expand its planned diamond drill program at its flagship Davidson River project in Saskatchewan’s southwest Athabasca Basin region to between 8,000 and 10,000 meters.
The company has shifted the program’s start date to May 2026, which it says will decrease cost per meter by utilizing two diamond drills during favorable weather conditions. The project is located approximately 25-30 km west of the Triple R and Arrow uranium deposits.
Standard Uranium also reported closing an additional tranche of its non-brokered private placement for gross proceeds of $503,800. To date, the company has raised $1,823,900 through the offering and continues to offer flow-through units.
The expanded drill program will target areas across the Warrior, Bronco, and Thunderbird conductor corridors, which the company says have been refined through new high-resolution 3D imaging of basement structures and potential alteration zones.
"Our shareholders and advisors asked us to complete a larger drill program than we originally had planned for this fall based on the targets we are seeing from the work completed this summer," said Jon Bey, CEO of Standard Uranium, in the press release.
The company recently completed what it describes as the first Exosphere Multiphysics survey in the southwest Athabasca Uranium District in partnership with Fleet Space Technologies Canada Corp. The survey collected three types of geophysical data between May 26 and July 8, 2025.
Standard Uranium stated it has secured all necessary drill permits and has signed Exploration Agreements with the Clearwater River Dene Nation.
The Davidson River property covers 30,737 hectares and has seen 16,561 meters of diamond drilling in 39 drill holes since 2020, according to the company’s statement. With a market capitalization of $7.25 million, InvestingPro analysis indicates the stock is currently undervalued, though investors should note the company’s overall financial health score of 2.63 out of 5 reflects ongoing operational challenges. Get access to 8 additional ProTips and comprehensive financial metrics with an InvestingPro subscription.
In other recent news, Standard Uranium Ltd. has completed the second tranche of its non-brokered private placement, securing gross proceeds of $484,000. The company issued 1,550,000 non-flow-through units at $0.08 per unit, resulting in $124,000, and 3,600,000 flow-through units at $0.10 per unit, raising $360,000. Earlier, Standard Uranium closed the initial tranche of this private placement, collecting $836,100. This was achieved by issuing 7,751,250 non-flow-through units at $0.08 each and 2,160,000 flow-through units at $0.10 each. Each unit, whether flow-through or not, includes one share and one-half of a warrant. Additionally, the company has announced plans for a diamond drill program at its Davidson River project, set to commence in September 2025. This initiative will be supported by a non-brokered private placement aiming to raise up to C$3.5 million. The proceeds from this will fund exploration activities and provide working capital.
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