Latest news with #AthabascaBasin
Associated Press
20 hours ago
- Business
- Associated Press
Standard Uranium Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project, Eastern Athabasca Basin
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ('Standard Uranium' or the 'Company') is pleased to announce that it has contracted Axiom Exploration Group Ltd. ('Axiom') to complete a Technical Report (the 'Report') in accordance with National Instrument 43-101 on the Corvo Uranium Project ('Corvo' or the 'Project') located along the eastern margin of the Athabasca Basin, northern Saskatchewan, Canada. Corvo is currently under a three-year earn-in option agreement with Aventis Energy Inc. ('Aventis') (CSE: AVE). Axiom combines geoscience technology and authoritative expertise to offer tailored, sustainable solutions for efficient, responsible mineral exploration and development projects. Axiom focuses on utilizing cutting-edge technology, export advisory, and tailored services that drive project success and by crafting innovative strategies that address environmental challenges while building shared value. The purpose of the report is to provide a comprehensive update on the Corvo Uranium Project including all available historical data that the Company has gathered, in addition to newly acquired TDEM data and sampling information from 2025 programs. The NI 43-101 will offer valuable insights by compiling existing data, previous work, and new technology to better guide future programs. Corvo hosts historical drill holes that intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% U 3 O 8 over 1.05 m) and TL-79-5 (0.065% U 3 O 8 over 0.15 m) 1. High-grade* uranium at surface has been recorded at the Manhattan showing (1.19 to 5.98% U 3 O 8 ) and SMDI showing 2052 (0.137% U 3 O 8 and 2,300 ppm Th) 2. Sean Hillacre, President & VP Exploration of the Company, commented, 'I look forward to working closely with Axiom to publish the NI 43-101 Technical Report on Corvo. As we prepare for our first ground-truth exploration program on Corvo this summer, the timing is ideal to engage Axiom and construct the first technical report on this exciting project.' [ This image cannot be displayed. Please visit the source: ] Figure 1. Regional map of the Corvo Project. The Project is located 45 km northeast of Atha Energy's Gemini Mineralized Zone ('GMZ') and 60 km due east of Cameco's McArthur River mine. To view an enhanced version of this graphic, please visit: The Company believes the Project is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface2 and has never been drill tested. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8to be 'high-grade.' **The Company considers radioactivity readings greater than 300 counts per second (cps) to be 'anomalous.' Qualified Person Statement The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of the Company and a 'qualified person' as defined in NI 43-101. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization. References 1 Mineral Assessment Report 64E13-0054: Norbaska Mines Ltd., 1979-1980 2 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 About Standard Uranium (TSXV: 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. For further information contact: Jon Bey, Chief Executive Officer, and Chairman Suite 3123, 595 Burrard Street Vancouver, British Columbia, V7X 1J1 Tel: 1 (306) 850-6699 E-mail: [email protected] Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking statements' or 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company's exploration programs; and estimates of market conditions. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the 'Risks and Uncertainties' in the Company's management discussion and analysis for the fiscal year ended April 30, 2024. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Globe and Mail
4 days ago
- Business
- Globe and Mail
Appia Receives 5-Year Exploration Permit for the Otherside Uranium Property in the Athabasca Basin, Saskatchewan
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the " Company" or "Appia") is pleased to announce that it has received a 5-year exploration permit from the Saskatchewan Ministry of Environment for its wholly owned Otherside uranium property (Figure 1), located in the prolific Athabasca Basin of northern Saskatchewan. The permit, valid until April 30, 2030, authorizes Appia to conduct a range of mineral exploration activities, including diamond drilling, airborne and ground geophysical surveys, and the establishment of a temporary work camp. The permitted work area is centered approximately 34 km south of the community of Fond du Lac and covers multiple mineral dispositions where Appia previously identified high-priority drill targets for uranium exploration. "This long-term permit is a critical milestone that allows us to move forward with confidence and execute our exploration strategy at the Otherside uranium property for the next 5 years," commented Tom Drivas, CEO and Director of Appia. "With approvals now in place, we are well-positioned to mobilize and begin ground-based exploration efforts." Upcoming 2025 Exploration Plans As noted in our February 14, 2025 press release, Appia's 2025 exploration program at the Otherside uranium property will focus on refining and drill testing high-potential targets identified through the 2024 Airborne Gravity Gradiometer and Magnetometer Survey. The identified targets are characterized by gravity lows, magnetic lows, and a 49 km-long electromagnetic (EM) conductor featuring variable offsets and bends-key signatures commonly associated with uranium mineralization (Figure 2). Notably, this anomalous EM conductor displays structural and geophysical characteristics comparable to NexGen Energy's" Arrow" (Figure 3) and Paladin Energy's" Triple R" (Figure 4) uranium deposits. Planned activities will commence with advanced 3D processing to enhance the 2024 airborne gravity survey results, followed by high-resolution ground geophysical surveys to further define key anomalies, culminating in a targeted drill program designed to evaluate the property's uranium discovery potential. The technical content of this news release was reviewed and approved by Dr. Irvine R. Annesley, Senior Technical Advisor for Appia, and a Qualified Person as defined by National Instrument 43-101. Figure 1 - Property locations within and around the Athabasca Basin, Saskatchewan, including Appia's "Otherside" and four other exploration properties, NexGen Energy Ltd.'s "Arrow" deposit, and Paladin Energy Ltd.'s "Triple R" deposit. To view an enhanced version of this graphic, please visit: Figure 2 - Appia's uranium exploration drill targets associated with gravity lows, magnetic lows, and the 49 km-long electromagnetic (EM) conductor featuring variable offsets and bends. All targets are subject to change upon further refinement and program progression. To view an enhanced version of this graphic, please visit: Figure 3 - Comparing Appia Rare Earths & Uranium Corp.'s unexplored electromagnetic conductor (left, represented as black lines) to NexGen Energy Ltd.'s near-identical, electromagnetic conductor (right, represented as black lines), host to their "Arrow" high-grade uranium deposit. Photo source: "NexGen Energy Ltd. Corporate Presentation - 2016" To view an enhanced version of this graphic, please visit: Figure 4 - Comparing Paladin Energy Ltd.'s electromagnetic conductor (left), host to their "Triple R" high-grade uranium deposit, to Appia's near identical, unexplored electromagnetic conductor (right). Photo source: "Mount, S. et. al. "Formation of the high-grade Triple R uranium deposit revealed by Fe and S isotopes in pyrite". Modified after Fission Uranium Corp, 2021. To view an enhanced version of this graphic, please visit: About the Otherside Project The Otherside Project is strategically located within the prolific, uranium-bearing Athabasca Basin of Saskatchewan, Canada. This area is renowned for its significant uranium deposits, its surrounding rare earth element plays, and favorable geological conditions that have historically led to major high-grade uranium discoveries. The Otherside Property shares similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits in the western Athabasca Basin, including Fission Uranium Corp's Triple "R" and NexGen Energy's "Arrow" deposits. Such signatures include long structural corridors hosting multiple, discrete conductors with associated magnetic gradients and gravity low areas. Otherside's property area is 10,441.88 hectares and is 100% owned by Appia. About Appia Rare Earths & Uranium Corp. (Appia) Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See June 9 th, 2023 Press Release - Click HERE) which is 42,932.24 ha. in size and located within the Goiás State of Brazil. (See January 11 th, 2024 Press Release - Click HERE) The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Appia has 153 million common shares outstanding, 177 million shares fully diluted. Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. For more information, visit As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X, Facebook, LinkedIn) please feel free to send direct messages.
