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Standard Uranium CEO says C$3M strategic investment will help advance Davidson River Project
['Mon', 'August', 'At Pm Gmt']
Yahoo Finance
Standard Uranium Ltd (TSXV:STND)(OTCQB:STTDF) CEO Jon Bey tells Proactive's Stephen Gunnion that the company has secured a C$3 million investment from Bitexco, a Vietnamese energy company also known as Big Energy, marking it as a strategic shareholder in Standard Uranium's Athabasca Basin uranium exploration portfolio.
Bey said the C$3 million will partly fund the ongoing Davidson River Project drill program, which started in June and is expected to run through the third week of September.
Beyond Davidson River, Standard Uranium holds 10 projects across the Athabasca Basin.
Bey said the Corvo project, drilled this spring with Aventus Energy, and the Rocas project with Collective Metals are both being targeted for 2027 drilling, with additional joint venture discussions ongoing across the wider portfolio.
Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy#StandardUranium #STND #uranium #AthabascaBasin #DavidsonRiver #uraniumexploration #mining #Canada #resourcestocks #commodityinvesting