Standard Uranium CEO Jon Bey and Vice President of Exploration Sean Hillacre joined Steve Darling from Proactive on site at the company’s Corvo Project, where its maiden drill campaign is now underway—marking a significant exploration milestone for the company.

The Corvo Uranium Project is subject to a three-year earn-in option agreement with Aventis Energy, under which Aventis may earn up to a 75% interest in the project by funding C$6 million in exploration expenditures over the earn-in period. The partnership provides financial support to aggressively advance exploration while allowing Standard Uranium to retain meaningful exposure to potential discovery success.

The inaugural drill program is expected to consist of approximately 2,500 to 3,000 metres across 8 to 10 diamond drill holes. The campaign is targeting shallow, high-grade basement-hosted uranium mineralization, beginning with the Manhattan target area. The drill program is anticipated to run for up to six weeks.

The company is utilizing road-accessible, skid-supported diamond drilling, focusing on high-priority uranium targets that have been refined through extensive geophysical surveys completed in 2025. These surveys—including advanced electromagnetic and gravity datasets—have significantly enhanced the company’s understanding of subsurface structures and uranium-bearing corridors across the property.

Drilling will specifically test prospective Xcite™ electromagnetic conductor corridors that are overlain by high-resolution ground gravity data. The exploration thesis centers on identifying major conductor trends associated with cross-cutting fault systems and confirmed surficial radioactivity within favourable uranium host rocks. Recent prospecting efforts have further validated these targets, confirming strong surface radioactivity in key areas.

Management emphasized that the integration of modern geophysics with surface confirmation work has sharpened drill targeting and positioned the company to effectively test multiple high-priority zones during this maiden campaign.

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