Standard Uranium announces financing as company plans drilling at Davidson River
–News Direct–
Standard Uranium CEO Jon Bey joined Steve Darling from Proactive to announce the company's decision to proceed with a non-brokered private placement, aiming to raise gross proceeds of up to $3 million. This funding will facilitate the return to drilling activities at the company's flagship Davidson River project, capitalizing on the current strength in the global uranium sector and the increasing importance of uranium as a green energy source.
Speaking with Proactive, Bey highlighted the significance of the upcoming drilling campaign, which will focus on the Davidson River project located in the southwestern uranium district of the Athabasca Basin. The 2024 drilling program will build upon previous successes, targeting the most prospective basement structure...