Standard Uranium Ltd. is pleased to announce that it has signed a term sheet , dated January 9, 2024, with Summit Fusion Pty. Ltd. , an arms-length private, Australian company. Pursuant to the Term Sheet, the Optionee will be granted the option to earn a 75% interest in the 3,737-hectare Ascent Project located in the eastern Athabasca Basin . The Option is exercisable by the Optionee in three stages, summarized in Table 1. During the first stage, the Optionee can earn a fifty-percent interest in the Ascent Project by: completing cash payments totaling $200,000, arranging for the issuance of $200,000 worth of shares to the Company, and incurring $3,000,000 of expenditures, which must be completed within two years of the Option being exercised. Stage Two starts immediately upon...