Standard Uranium Ltd. is pleased to announce that it has signed a term sheet , dated February 9, 2024, with
Atco Mining Inc. , an arms-length party. Pursuant to the Term Sheet, the Optionee will be granted the option to acquire a seventy-five percent interest in the 3,061-hectare Atlantic Project located in the eastern Athabasca Basin . The Option is exercisable by the Optionee completing cash payments and share issuances, and incurring the following exploration expenditures on the Project: Consideration Payments Consideration Shares* Exploration Expenditures Operator Fees Year 1 $110,000 $150,000 $1,300,000 $130,000 Year 2 $120,000 $300,000 $2,000,000 $240,000 Year 3 $200,000 $300,000 $3,000,000 $360,000 Total $430,000 $750,000 $6,300,000 $730,000 *Issuable at ...