Latest news with #Corvo
Yahoo
a day ago
- Business
- Yahoo
Standard Uranium Announces Exploration Plans at the Corvo Project with Option Partner Aventis Energy Inc.
Multiple Modern Exploration Programs to be Executed in 2025 Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to provide a summary of 2025 exploration programs planned on its Corvo Uranium Project ("Corvo", or the "Project"), currently under a three-year earn-in option agreement with Aventis Energy Inc. ("Aventis") (CSE: AVE). Highlights: High-grade* Uranium at Surface: A prospecting, mapping, and geochemical sampling program is planned for July 2025 to ground-truth historical uraniferous outcrops including the Manhattan showing (1.19 to 5.98% U3O8) and SMDI showing 2052 (0.137% U3O8 and 2,300 ppm Th)1. High-Resolution Geophysics: An extensive ground gravity survey is being planned for Q4 2025, designed to identify density anomalies potentially representing hydrothermal alteration systems coincident with newly refined electromagnetic ("EM") conductor trends across the Project. Integrated Target Development: The results of the recent airborne TDEM survey2 and the planned ground gravity survey will be subject to geophysical inversion, interpretation, and modelling, and integrated with the Project's existing datasets, to prioritize target areas for inaugural drilling. Inaugural Drill Program: A diamond drill program is being planned for Q1 2026 to begin testing targets developed and ranked through the detailed programs that will be executed in 2025. Sean Hillacre, President & VP Exploration of Standard Uranium, commented: "The technical team and I are looking forward to getting boots on the ground at Corvo for the first time. We have multiple work programs planned that will add value and bolster our targeting strategy on the project throughout 2025 ahead of our maiden drilling program." 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 view an enhanced version of this graphic, please visit: 2025 Exploration Plans Earlier this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo Project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project. The magnetic survey component of the TDEM survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes. The Company will undertake a detailed mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface in early July 2025. Samples will be shipped to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for geochemical analysis. Results will be released and incorporated into the NI 43-101 technical report on the project. Supplementary geophysical surveys across the Project are being designed to further refine drill targets for an inaugural drill program. The Company plans to complete a high-resolution ground gravity survey across the main conductive trends on the Project, aiming to identify potential hydrothermal alteration halos which could be related to basement-hosted uranium mineralization. Ongoing geophysical interpretation and modeling is planned throughout 2025 to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling next year. 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 grab sample results 59,800 ppm U at surface1 and has never been drill tested. Figure 2. Summary map showing low/EM conductor trends on the Corvo project and highlighting historical samples and drill holes with anomalous uranium and/or radioactivity, with first vertical derivative magnetics in the view an enhanced version of this graphic, please visit: *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to 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 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 2 Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects, News Release, March 13, 2025. 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 StreetVancouver, British Columbia, V7X 1J1 Tel: 1 (306) 850-6699E-mail: info@ 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. 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Yahoo
5 days ago
- Business
- Yahoo
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% U3O8 over 1.05 m) and TL-79-5 (0.065% U3O8 over 0.15 m)1. High-grade* uranium at surface has been recorded at the Manhattan showing (1.19 to 5.98% U3O8) and SMDI showing 2052 (0.137% U3O8 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." 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% U3O8 to 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 ChairmanSuite 3123, 595 Burrard StreetVancouver, British Columbia, V7X 1J1 Tel: 1 (306) 850-6699E-mail: info@ 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
Yahoo
29-04-2025
- Business
- Yahoo
Super Micro Computer, Booking Holdings, Qorvo: After-hours movers
Here are some of the stocks moving in after-hours trading. Shares of Super Micro Computer (SMCI) are falling sharply after releasing disappointing preliminary third quarter results. Booking Holdings (BKNG) posted Q1 revenue that topped estimates, but the company's CEO warned of "uncertainty in the market." Qorvo (QRVO) shares jumped after posting fourth quarter results that were better than analysts had expected. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Super Micro Computer, providing a business update and preliminary financial results for the third quarter. Company noting during the quarter, some delayed customer platform decisions moved sales into the fourth quarter. Super Micro's preliminary results show net sales and earnings falling short of the street's expectations. Gross margin for the third quarter also lower by 220 basis points compared to the second quarter, primarily due to higher inventory reserves. Shares of Booking Holdings, they're falling after hours. The company reporting revenue for the first quarter that did beat analysts estimates, that coming in at 4.76 billion, up 7.9% year over year. The CEO saying in the release that there is quote uncertainty in the market. And Corvo, top and fourth quarter earnings and adjusted revenue estimates, company's first quarter earnings outlook falling short of expectations. However, Corvo's revenue outlook did top Wall Street's estimates. Corvo CEO saying the company is focused on its operational objectives as it monitors ongoing macroeconomic factors. Sign in to access your portfolio
Associated Press
07-04-2025
- Business
- Associated Press
Standard Uranium Executes Letter of Intent to Option Corvo Project in Eastern Athabasca Basin
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ('Standard Uranium' or the 'Company') is pleased to announce that it has signed a letter of intent (the 'LOI'), dated April 4, 2025, with Vital Battery Metals Inc. (CSE: VBAM) (OTCQB: VBAMF) (FSE: C0O) (the 'Optionee'), an arms-length party. Pursuant to the LOI, the Optionee will be granted the option (the 'Option') to acquire a seventy-five percent interest in the 12,265-hectare Corvo Project ('Corvo' or the 'Project') located in the eastern Athabasca Basin region (Figure 1). Corvo Highlights: More than 29 km of exploration strike length along three strong NE-SW magnetic low trends coincident with EM conductors and cross-cutting faults, providing highly prospective shallow drill targets. Uranium mineralization is present along a strike length of 800 metres between historical drill holes TL-79-3 (0.057% U 3 O 8 over 3.5 m) and TL-79-5 (0.065% U 3 O 8 over 0.1 m) on the Project, in addition to the Manhattan Showing with historical results of 59,800 ppm U at surface 1. High-resolution geophysical survey — A modern high-resolution time domain electromagnetic ('TDEM') survey was recently completed, upgrading drill targets through definition of the main conductor trends associated with uranium mineralization. The Option is exercisable by the Optionee completing cash payments and share issuances, and incurring the following exploration expenditures on the Project: Consideration Payments Consideration Shares Exploration Expenditures Operator Fees Year 1 $50,000 $125,000 $750,000 $75,000 Year 2 $75,000 $275,000 $1,750,000 $192,500 Year 3 $100,000 $325,000 $2,000,000 $240,000 Total $225,000 $725,000 $4,500,000 $507,500 Jon Bey, Standard Uranium CEO and Chairman, commented: 'We are very pleased to have agreed to terms with our new partners at Vital Battery Metals to advance our Corvo Project. The global demand for nuclear energy requires more uranium exploration and high-grade discoveries. There is no better place on the planet to make these discoveries than the Athabasca Basin region. We look forward to completing this transaction and beginning phase one of our three-year exploration programs run by our Standard Uranium technical team.' The Company believes the Corvo 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 and Ackio discovery. 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 surface and has never been drill tested. Figure 1. Regional map of Standard Uranium's Corvo Project. The Project is located 45 km northeast of the 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: Following successful completion of the obligations of the Option (i.e at the end of Year 3), the parties intend on forming a joint venture for the further development of the Project. Prior to exercise of the Option, the Company will act as the operator of the Project and will be entitled to charge a 10% fee on expenditures in Year 1, increasing to 11% in Year 2, and 12% in Year 3. Following exercise of the Option, Eagle Plains Resources Ltd. will retain a 2.5% net smelter returns royalty on the Project, of which 1.0% may be purchased back at any time for a one-time cash payment of $1,000,000 2. The LOI is non-binding at this time and the grant of the Option remains subject finalisation and execution of definitive agreements. No finders' fee is payable by the Company in connection with the Option. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U 3 O 8 to be 'high-grade'. **The Company considers radioactivity readings greater than 300 counts per second (cps) to be 'anomalous'. Chief Financial Officer The Company also announces that Sean McGrath has resigned as Chief Financial Officer of the Company to focus on other ventures. The Company thanks Mr. McGrath for his many years of service. The Company has commenced a search for a new Chief Financial Officer, and in the interim Jon Bey, the Chief Executive Officer of the Company, will fill the role. Jon Bey, CEO and Chairman, commented: 'I'd like to thank Mr. McGrath for his many years of service, he has been an integral part of our management team, and we wish him well in his future endeavours.' 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. 2 Standard Uranium Announces Agreement to Expand Newly Staked Corvo Project in the Eastern Athabasca Basin News Release, August 24, 2023. 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 918, 1030 West Georgia Street Vancouver, British Columbia, V6E 2Y3 Tel: 1 (306) 850-6699 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
25-03-2025
- Politics
- Yahoo
Fairhope Public Library supporters raise money to replace funds state plans to withhold
A row of library books. Supporters of the Fairhope Public Library raised almost $40,000 to offset the funding that APLS has withheld. (Getty) A nonprofit says it has raised enough money for Fairhope Public Library to cover state funds that the Alabama Public Library Service Board cut off last week. Read Freely Alabama, a grassroots free speech advocacy organization that has fought restrictions on library content, said it had collected almost $39,000 from about 550 donors through Tuesday morning. Read Freely is organizing the campaign with EveryLibrary, an Illinois-based organization that promotes library funding and fights restrictions. 'We were trying to figure out what was the amount that they were pausing,' said Cheryl Corvo, a member of Read Freely Alabama and Fairhope resident. 'Then, we found out it was $42,000 that they were pausing, and how it would affect our library.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX The Fairhope Public Library said it will have access to funding without interference from the state or any outside groups. 'We had a meeting with EveryLibrary, which is the group that has control of this particular fundraiser, and they take 10% and 90% of it comes to us,' said Randal Wright, a board member of the Fairhope Public Library. The amount was not enough to severely debilitate the library's operations, Corvo said. But it is enough to affect 'some very vital resources that the library provided.' Corvo said the campaign should also make APLS aware of the magnitude of local support for the library. Wright said that if the state continues to withhold money, the funds will go toward computers, books for the collection and paying for guest speakers. If APLS releases the funding, the money can be returned to donors if they choose. Otherwise, the library may keep the money raised for other uses. 'If the money is extra money, if we continue to be funded, then the money will go towards the federal government grants that we were supposed to get that were put on hold and we don't think we are going to get them,' Wright said. It appears the largest donation was from a couple who offered $1,000. According to its campaign website, fundraising began Thursday evening, several hours after APLS voted almost unanimously to withhold state aid after parents complained to the board that there were inappropriate books in the teen section of the Fairhope Public Library. Fairhope library officials said last week they had removed some books from the section, following an APLS-approved process, but determined that the remaining ones — which the parents complained about — were appropriate for their age level. The APLS board also voted on Thursday to terminate former director Nancy Pack after Chair John Wahl, who also serves as chair of the Alabama Republican Party, announced that Pack submitted her resignation effective in September. 'My commitment the whole time has been to work with the leadership of Fairhope, and get their state funding restored as soon as possible,' Wahl said. 'APLS priority has always been supporting our libraries but also making sure they put common sense policies in place to protect our children from potentially inappropriate materials.' Wahl said he wants parents around the state to feel they can alert APLS to material they consider inappropriate in a library. Fairhope Mayor Sherry Sullivan told members of the public during a city council meeting Monday that she had spoken with Wahl about the APLS decision. 'The funding was not cut, it is only paused,' Sullivan said at the meeting. 'When they met, the Fairhope Public Library was not on their agenda, but the (Clean Up Alabama Fairhope chapter) president spoke under public participation, a resident of Fairhope spoke, and brought to light some issues they felt the library was facing in how they categorized books.' Sullivan said that the library had already received two quarterly payments from APLS, but the third disbursement was halted until the matter regarding the situation with the library materials could be resolved. Sullivan said that some of the conflicts dealt with the definition of minors, which applies to anyone younger than 18 years old, including teens, which is the section of the library that generated much of the controversy. She added she and Wahl promised to keep open lines of communication, and that APLS and the Fairhope Public Library board will work together to resolve the issue. The two parties plan to meet Wednesday to discuss the changes to the APLS administrative code. SUPPORT: YOU MAKE OUR WORK POSSIBLE
