Standard Uranium closes $1.5M final tranche of private placement

Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) completed the final tranche of its non-brokered private placement, raising gross proceeds of $1,513,500, according to a company statement.

The final tranche brings total proceeds from the offering to $3,337,400 through the issuance of 15,598,750 non-flow-through units at $0.08 per unit and 20,895,000 flow-through units at $0.10 per unit.

The Vancouver-based uranium exploration company issued 15,135,000 flow-through units at $0.10 per unit in the final tranche. Each flow-through unit consists of one common share and one-half of a warrant. Each full warrant allows the holder to purchase one additional common share at $0.15 until October 28, 2027.

Standard Uranium paid finders' fees of $69,360 and issued 693,600 non-transferable warrants to parties who assisted in the offering. All securities from the final tranche are subject to a hold period until March 1, 2026.

The company plans to use net proceeds for exploration of its Saskatchewan uranium projects and working capital purposes. Standard Uranium holds interest in over 233,455 acres in Saskatchewan's Athabasca Basin.

The company previously closed the first tranche on September 16, 2025, and the second tranche on September 24, 2025, paying additional finders' fees totaling $6,000 and issuing 67,500 finders' warrants.

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