Standard Uranium Signs Definitive Agreement to Option Atlantic Project in Eastern Athabasca Basin
VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB:STTDF) (Frankfurt: FWB:9SU) is pleased to announce that it has signed a definitive option agreement (the “Option Agreement”), dated February 16, 2024, with ATCO Mining Inc. (the “Optionee”), an arms-length company listed on the Canadian Securities Exchange (CSE: ATCM). Pursuant to the Option Agreement, the Optionee has been granted the option (the “Option”) to earn a 75% interest over three years in the 3,061-hectare Atlantic Project located in the eastern Athabasca Basin. The Option Agreement gives effect to the term sheet previously signed with ATCO Mining Inc., dated February 9, 2024.
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