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VANCOUVER - Standard Uranium Ltd. (TSXV:STND), a $5.1 million market cap uranium explorer whose stock has surged over 64% year-to-date, announced Wednesday plans for a diamond drill program at its Davidson River project in Saskatchewan’s southwest Athabasca Basin region, scheduled to begin in early September 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The company also announced a non-brokered private placement to raise up to C$3.5 million through units priced at C$0.08 and flow-through units at C$0.10, with proceeds funding exploration activities and working capital. InvestingPro data reveals the company is quickly burning through cash, with a current ratio of 0.53, making this funding crucial for operations. InvestingPro subscribers have access to 8 additional key financial insights about Standard Uranium.
The upcoming drill program follows the completion of what the company describes as the first Exosphere Multiphysics survey in the southwest Athabasca Uranium District, conducted in partnership with Fleet Space Technologies Canada Corp. from May 26 to July 8, 2025.
The survey collected three types of geophysical data across the Warrior, Bronco, and Thunderbird conductor corridors, providing 3D imaging of basement structures and alteration zones to refine drilling targets.
"The newly acquired data from the Multiphysics survey has outlined density anomalies in the basement rock coinciding with known graphitic conductors, which are often indicative of potential zones of hydrothermal alteration of host rocks associated with uranium mineralization events," said Sean Hillacre, President & VP Exploration of Standard Uranium in the press release.
The Davidson River project covers 30,737 hectares in the Southwest Athabasca Uranium District. The company has previously completed 16,561 meters of diamond drilling in 39 holes since 2020 on the property.
Standard Uranium has secured all necessary drill permits and has signed Exploration Agreements with Clearwater River Dene Nation partners for the 4 to 6-week program. With a beta of 2.83, investors should note the stock’s high volatility compared to the market. For detailed financial analysis and investment insights, check out InvestingPro’s comprehensive coverage of uranium exploration stocks.
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