Disseminated on behalf of: Standard Uranium Ltd.
Jon Bey, CEO of Standard Uranium Ltd. (TSXV: STND | OTCQB: STTDF | FSE: 9SU0), discusses the company’s pure uranium exploration focus on the Davidson River Project, its flagship asset in the world’s premier uranium district. Operating across 12 projects in the Athabasca Basin of Saskatchewan, the company combines direct exploration with a project generator model designed to advance multiple targets while managing capital. As global demand for domestically sourced, clean energy fuel accelerates, Standard Uranium is positioning itself to deliver a high-grade uranium discovery in one of the basin’s most prospective southwest corridors.
Advanced geophysics and NexGen-trained expertise sharpen Davidson River targeting
Unlike many junior uranium explorers working from broad geophysical frameworks alone, Standard Uranium enters its upcoming Davidson River drill program armed with two layers of targeting precision: legacy conductors combined with newly acquired passive seismic and gravity data. The company retained Fleet Space Technologies from Australia to execute HVSR and ANT surveys, stripping back overburden to deliver what Bey describes as, “real gravity on our project” — a meaningful upgrade in drill-target confidence. The company also benefits from a structural geological edge: its lead geologist spent seven years at NexGen Energy and completed graduate research on the Arrow deposit. Bey notes that early drilling at Davidson River was already returning the same alteration signatures seen at Arrow, stating: “We were seeing dravite, some big indicators showing us that these are the same rock formations, the same geology.” This combination of data-driven targeting and proven geological expertise substantially narrows the search and improves the odds of a high-grade intersection.
Athabasca Basin uranium demand draws global majors as southwest corridor heats up
With uranium’s role in the global clean energy transition driving renewed institutional and sovereign interest in nuclear fuel supply, Standard Uranium is strategically positioned to capture emerging demand. The Athabasca Basin hosts the world’s richest uranium deposits, and the southwest corridor — where Davidson River sits 20 to 25 kilometres west of NexGen Energy’s Arrow deposit — is drawing heightened attention.
NexGen recently received final construction permits for Arrow, validating the region’s development potential. Bey notes the basin’s rising profile: “In the last year to year-and-a-half, we’re seeing new companies come in. We’re seeing majors come in from around the globe.” For investors seeking leveraged, early-stage exposure to high-grade uranium discovery in a tier-one jurisdiction, Standard Uranium offers a well-located, under-drilled asset adjacent to one of the world’s most significant recent uranium discoveries.
Summer 2026 drill campaign, pending assays, and new JV deals mark a catalyst-rich period
Recent milestones include the completion of drilling on the Corvo and Rocas projects in March and April 2026, with assays now pending, as well as the execution of multiple confidentiality agreements with companies evaluating the company’s portfolio for future JV partnerships. Bey outlines the near-term schedule: “Number one, we’re drilling Davidson. That’s going to start the first week of June. We’ll be drilling that all through the summer.”
These developments mark significant progress toward building a self-funding project generator model, where JV partners bear exploration costs on secondary assets while Standard Uranium concentrates capital and management focus on Davidson River. Looking ahead, the company expects to announce new JV deals, release Corvo and Rocas assay results, and deliver regular drilling updates from the Davidson River field program throughout summer 2026.
Positioned at the intersection of uranium demand and Athabasca Basin exploration
As Standard Uranium advances Davidson River through its most targeted drill campaign to date, it stands at the intersection of rising uranium demand and the world’s most productive exploration jurisdiction. With a summer 2026 drill program underway, pending assay results on multiple projects, and a growing pipeline of JV partnerships, the company is positioned to deliver disciplined, discovery-driven advancement in Saskatchewan’s Athabasca Basin.
Transcript:
Jim Gordon: Hi, I’m Jim Gordon, and you’re watching Market One Minute. Joining us is Jon Bey. He’s the CEO and Director of Standard Uranium. Jon, welcome.
Jon Bey: Thanks very much, Jim.
Jim Gordon: Let’s get right into it with a brief overview of Standard Uranium.
Jon Bey: Great. Standard Uranium—we are a pure uranium exploration (company) in Saskatchewan. All our projects are in the Athabasca Basin. We started off as a pure exploration company. In 2023, we transitioned to a project generator business as well. Now we have 12 projects in the basin. We stake those ourselves, we advance them, we bring in JV partners to fund those, and we keep our flagship Davidson River Project to ourselves, which is pretty exciting right now.
Jim Gordon: You mentioned Davidson River. You’re just about to start drilling there. Talk about what changed in your targeting approach this time that really improves the odds for success.
Jon Bey: Davidson River is our flagship for a reason. This is a remarkable project that sits 25 kilometres to the west of NexGen Energy’s Arrow Rook I Project, and you may know they just got their final permits to start construction this summer. So, we’re going back to Davidson River. This time, we’re armed with two sets of information. We’ve got the conductors we’ve had for the last few years, but we’ve now got proper gravity. Last year, we brought in a company called Fleet Space from Australia. They did three surveys for us—some HVSR and some ANT—which was passive seismic on top of the gravity that allowed us to pull back the overburden and get real gravity on our project. So now we’ve got that information, our geologists are excited to get back, and that really pinpoints our targeting this time.
Jim Gordon: And Jon, what specific geological indicators at Davidson River suggest that you might be on to a system comparable to other Athabasca discoveries?
Jon Bey: That’s a huge question. Let me start off by saying, what we’re trying to do at Davidson River is make the same type of discovery they made at NexGen, which is their Arrow Rook I Project. We brought over a geologist named Sean Hillacre to our company in 2020. He spent seven years at NexGen and did his master’s degree on that project. He knows what he is looking for—he is looking for those same rocks. When we started drilling Davidson on those first few programs, we were seeing the same alteration. We were seeing dravite, some big indicators showing us that these are the same rock formations, the same geology. So, we know we’re in the same rocks. We’re only 20 to 25 kilometres west of this project. Now we’ve got to drill into it to find the high-grade stuff.
Jim Gordon: And is there renewed interest in your projects in the Athabasca Basin?
Jon Bey: Yes, it’s getting pretty great right now. The last few years have been tough, but in the last year to year-and-a-half, we’re seeing new companies come in. We’re seeing majors come in from around the globe. We’re seeing renewed interest from Canadian companies and American companies. The Athabasca Basin is the place they want to be, and nowhere better than the southwest corner, where we’re about to start drilling on Davidson River.
Jim Gordon: Last question for you, Jon. What should investors look at over the coming months and the rest of 2026?
Jon Bey: Number one, we’re drilling Davidson. That’s going to start the first week of June. We’ll be drilling that all through the summer—a great opportunity for investors to watch what’s going on. We’ll be putting out a lot of videos from site. On top of that, we’ve got assays coming back from our Corvo and Rocas projects, which we just drilled in March and April. And we’re going to be announcing some new deals on future JV projects. There are a lot of companies under confidentiality agreements with us right now looking at our portfolio projects. Exciting times ahead for Standard.
Jim Gordon: Jon, thanks for joining us.
Jon Bey: You’re welcome, Jim.
About Standard Uranium Ltd.
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 more than 233,455 acres (94,476 hectares) in the world-class Athabasca Basin of Saskatchewan. 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 in 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 undertested 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 more than 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 Saskatchewan’s Athabasca Basin, comprises 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.
To learn more about Standard Uranium, visit their website. For the latest updates, follow Standard Uranium social media: Facebook, X, LinkedIn, and YouTube.
The scientific and technical information contained within this article has been reviewed and approved by Sean Hillacre, P.Geo., Standard Uranium Ltd.’s President, and Vice-President of Exploration, who is a Qualified Person, as defined under the terms in National Instrument 43-101.
