Interview with Sean Hillacre, President & VP Exploration, and Jon Bey, CEO of Standard Uranium Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/standard-uranium-tsxvstnd-dual-model-explorer-eyes-high-grade-discovery-at-davidson-river-7231

Recording date: 27th August 2025

Standard Uranium Corporation (TSXV: STND) has announced a CAD $3.5 million non-brokered private placement to fund its return to the Davidson River uranium project in Saskatchewan's Athabasca Basin for the first time since 2022. The financing marks a strategic pivot for the exploration company as it deploys cutting-edge technology to unlock one of Canada's most prospective uranium regions.

The Davidson River project sits in a geological sweet spot approximately 25 kilometers from NextGen Energy's Arrow deposit, positioned within a region containing nearly 500 million pounds of uranium between the Arrow and Paladin's Triple R projects. This proximity provides both geological validation and logistical advantages, particularly as NextGen's Arrow deposit enters mine construction in early 2026.

President Sean Hillacre brings unique expertise to the project, having spent seven years at NextGen and authored his master's thesis on the Arrow deposit. The geological continuity between projects suggests similar mineralizing processes, with Davidson River's rock formations representing "folded over" versions of the Arrow geology.

Standard Uranium's exploration approach centers on ExoSphere multiphysics surveying technology provided through a strategic partnership with Fleet Space Technologies. This integrated methodology combines passive seismic technology and gravity measurements across three main conductor zones, creating what Hillacre describes as "X-ray vision" into basement rocks.

The company has pioneered AI-enhanced targeting through collaboration with ALS Goldspot, becoming the first uranium explorer to apply machine learning in the Athabasca Basin. The system analyzes data from established deposits like Arrow and Triple R, generating probability-weighted heat maps that identify geological signatures matching known uranium occurrences.

The current financing comprises both hard dollars at 8 cents and flow-through shares at 10 cents, structured as units with 24-month half-warrants. Standard Uranium operates a project generator model, earning revenue through joint venture partnerships while retaining 25% ownership and 2.5% net smelter royalty in advanced projects.

The company has developed a systematic target prioritization system incorporating geological, geophysical, and AI-generated parameters, identifying approximately 100 potential drill targets across the 31,000-hectare project. The immediate drilling campaign represents phase one of a multi-year program targeting 10,000-20,000 meters over two years, focusing on basement-hosted uranium deposits in the 250-450 meter depth range similar to the Arrow discovery.

This strategic positioning captures multiple industry trends: proximity to proven discoveries, technological advancement in exploration methods, and capital-efficient project development through partnerships in one of the world's premier uranium jurisdictions.

View Standard Uranium's company profile: https://www.cruxinvestor.com/companies/standard-uranium

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