Standard Uranium Ltd. announced a non-brokered private placement of units at a price of CAD 0.25 per unit and charity flow through unit at a price of CAD 0.38 per unit for the total gross proceeds of CAD 3,000,000 on May 2, 2024. Each unit will consist of one post-Consolidation common share of the company and one-half of one common share purchase warrant. Each CFT unit will consist of one post-consolidation common share of the company and one-half of one warrant.

Each whole warrant shall entitle the holder to purchase one post-consolidation common share of the company at a price of CAD 0.38 at any time on or before that date which is twenty-four months after the closing date of the offering. The company will pay finders? fees to eligible parties who have assisted in introducing subscribers to the offering.

All securities issued in connection with the offering will have a hold period of four months and one day from the closing date. Completion of the offering remain subject to the approval of the TSX Venture Exchange.