Standard Uranium Raises $2.09 Million in First Tranche of Private Placement

• Standard Uranium closed the first tranche of its non-brokered private placement, raising gross proceeds of $2.09 million.
• The tranche comprised 26,062,500 flow-through units at $0.08 each, with one flow-through common share and half a common share purchase warrant.
• Each whole warrant permits purchase of one common share at $0.12 until November 10, 2028.
• Of those warrants, 6,781,250 cannot be exercised until January 10, 2027.
• A final tranche expected around November 17, 2026, would bring total proceeds to $3 million, subject to TSX Venture Exchange approval.

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