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INVESTOR PRESENTATIONSeptember 2020
Targeting High Grade Uranium Discoveriesin the Athabasca Basin
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All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation. Forward-looking statements and forward-looking information include, without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and opportunities, including with respect to, among other things, the state of the uranium market, global market conditions, the ability of the Company to identify and acquire assets, results of exploration activities, the nature of potential business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations, government policy and regulation, geopolitical uncertainty and environmental regulation. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward-looking information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements and forward-looking information made by, or on behalf of, the Company. All of the forward-looking statements and forward-looking information made in this presentation are qualified by these cautionary statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
Neil McCallum, P.Geol., is the Qualified Person under National Instrument 43-101 who has reviewed and approved the scientific and technical content in this presentation.
Legal Disclaimer
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We find the fuel to power a clean energy future
Standard Uranium will use best practices and experience gained from making previous uranium discoveries in the southwest Athabasca Basin region of Saskatchewan, Canada
Vision
Davidson River Project
Cluff Lake Mine
Shea Creek
Arrow
Triple R
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Standard Uranium – Pre-discovery uranium company, completed public listing on the TSXV –May 4, 2020 & completed $4.5M oversubscribed prospectus offering financing closed June 26, 2020
Flagship Project – Davidson River project in the Southwest Athabasca (SWA) Uranium District -Southwest Athabasca Basin
Strong Team – backed by an executive team experienced in uranium exploration & discoveries (including in the SWA district specifically), junior mining finance and capital markets
Short-term Catalysts – Public listing completed Q2 2020, Davidson River drill targets identified and Inaugural drill program started & completed in Q3 2020 followed by winter drill program Q1 2021
Company Snapshot
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DAVIDSONRIVER
GUNNARASCENT
CANARY
ATLANTIC
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The greatest times to be a uranium investor are when a junior exploration company makes a major discovery or just prior to putting a mine into production. If you can do either of these during a bull market the results are amplified
Timing Uranium Investing – Pre Discovery
Standard Uranium has the potential to make a uranium discovery in an upward trending bull market
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Jon Bey – President, Chief Executive Officer, Director, (Chair)
Mr. Bey is a capital markets executive with over 13 years in the junior exploration industry with experience in uranium, gold, silver, lead, zinc, diamonds and oil and gas. He has public company experience across several sectors and with companies listed on the TSX, TSX-V, CSE, and LSE Exchanges. Mr. Bey is the founder and Managing Director of the Steel Rose Group of companies.
Neil McCallum – V.P. Exploration, Director
Mr. McCallum has over 15 years of experience primarily in North American mineral deposit exploration, with a focus on targeting and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton based Dahrouge Geological Consulting Ltd. Mr. McCallum has managed and conducted uranium exploration in and around the Athabasca Basin and other jurisdictions for multiple companies.
Garrett Ainsworth – Independent Director
Mr. Ainsworth is an accomplished geologist and mining executive. He was Vice President Exploration & Development at NexGen Energy Ltd. where he led the technical team and all exploration activities. For his work at NexGen, Garrett was co-recipient of the 2018 PDAC Bill Dennis Award & the 2016 Mines & Money Exploration award. Prior to that, Mr. Ainsworth was the Vice President Exploration at Alpha Minerals Inc., and project managed the discovery of the Patterson Lake South high-grade uranium boulder field and drill discovery of the Triple R Uranium deposit. He was named co-recipient of the AMEBC Colin Spence Award in 2013 for his lead role in the discovery of Triple R.
Blair Jordan – Lead Independent Director
Mr. Jordan was most recently Interim CEO of Ascent Industries Corp., where he successfully led a substantial restructuring. Prior thereto, he was Managing Director of Investment Banking at Echelon Wealth Partners Inc., and before that, spent nearly 10 years with Credit Suisse in London, New York and Tokyo. Before joining Credit Suisse, he was a securities lawyer with Bennett Jones LLP in Calgary. He holds an MBA from the Booth School of Business at the University of Chicago, and an LLB from the University of British Columbia. Mr. Jordan has extensive experience working in public markets, both as a director and officer.
Martin Bajic – Chief Financial Officer
Mr. Bajic holds a B.A. and Diploma in Accounting from UBC and is a member of the Chartered Professional Accountants of B.C. He has over a decade of experience serving as a director, chief financial officer, or consultant to numerous public companies trading on the TSX Venture Exchange or the CSE with a focus in the resource and technologies industries. His background as a CPA, CA provides the Company with the requisite skills necessary for financial management and compliance with today’s complex regulatory reporting requirements.
Exploration Focused Team
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Neil McCallum – V.P. Exploration, Director
Mr. McCallum has over 15 years of experience primarily in North American mineral deposit exploration, with a focus on targeting and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton based Dahrouge Geological Consulting Ltd. Mr. McCallum has managed and conducted uranium exploration in and around the Athabasca Basin and other jurisdictions for multiple companies.
Garrett Ainsworth – Independent Director
Mr. Ainsworth is an accomplished geologist and mining executive. He was Vice President Exploration & Development at NexGen Energy Ltd. where he led the technical team and all exploration activities. For his work at NexGen, Garrett was co-recipient of the 2018 PDAC Bill Dennis Award & the 2016 Mines & Money Exploration award. Prior to that, Mr. Ainsworth was the Vice President Exploration at Alpha Minerals Inc., and project managed the discovery of the Patterson Lake South high-grade uranium boulder field and drill discovery of the Triple R Uranium deposit. He was named co-recipient of the AMEBC Colin Spence Award in 2013 for his lead role in the discovery of Triple R.
Galen McNamara – Technical Advisor
Mr. McNamara is currently CEO and Director of Summa Silver Corp (CSE: SSVR). He shared the 2018 PDAC Bill Dennis “Prospector of the Year” Award and 2016 Mines and Money Exploration Award, for his work on the Arrow uranium deposit. In 2014, Mr. McNamara co-founded Pioneer Exploration Consultants Ltd., a successful exploration consulting business, and Pioneer Aerial Surveys Ltd, a company focused on developing UAV-borne geophysical surveys. Prior to that, he managed surface exploration at what is now SSR Mining’s Seabee Gold Operation where he worked on the early drill development of the currently producing Santoy Gap gold deposit. Mr McNamara holds Bachelor’s and Master’s degrees in geology from Laurentian University of Sudbury, Ontario.
Sean Hillacre – Drill Program Manager
Mr. Hillacre has 5 years’ experience working as an exploration geologist in the Athabasca Basin uranium district in Saskatchewan working as part of the technical team progressing the Arrow uranium deposit towards production with NexGen Energy. A high-energy, results oriented geoscientist, Mr. Hillacre brings a unique and balanced background integrating academic geoscience with industry experience, along with a comprehensive understanding of project development. Mr. Hillacre received his B.Sc. & M.Sc. degrees in Geology from the University of Saskatchewan.
Exploration Technical Team
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Over 400 Million pounds of uranium deposits have been discovered in the Southwest Athabasca Uranium District in recent years, and discoveries continue
❑ Triple R Deposit1 (Discovered 2012) Fission Uranium▪ Indicated 87.76 Mlbs 1.82% U3O8 600+ Drill Holes▪ Inferred 52.85 Mlbs 1.80% U3O8
❑ Arrow Deposit2 (Discovered 2014) NexGen Energy▪ Indicated: 256.6 Mlbs 4.03% U3O8 600+ Drill Holes▪ Inferred: 91.7 Mlbs 0.86% U3O8
❑ Spitfire Zone3 (Discovered 2015)Cameco/Orano/Purepoint▪ DH: HK15-27 – 2.8 m of 2.23% U3O8 100+Drill Holes
❑ Smart Lake Zone4 (Discovered 2008) Purepoint▪ DH: SMT08-05 - 0.2 m of 0.19% U 17 Drill Holes
❑ Davidson River Property Standard Uranium13 Drill Holes
Results from adjacent properties do not indicate that the same or similar results will occur for the Davidson River Property1 – Feb 20, 2018 Fission Uranium Corp. News Release2 – Nov 5, 2018 Nexgen Energy Ltd. News Release3 – March 31, 2015 Purepoint Uranium Group Inc. News Release4 – Sept 4, 2019 Purepoint Uranium Group Inc. News Release
Southwest Athabasca Uranium District Deposits
STANDARDURANIUM
FISSION 3.0
FISSION 3.0
DENISON / ALX
CAMECO
UEXORANO
ORANO
PUREPOINTORANO
CAMECO
FISSIONURANIUM
NEXGEN
ORANOSKYHARBOUR
CLEAN COMMODITIES
Triple R Deposit
Arrow Deposit
Spitfire Zone
Smart Lake Zone
ORANO
ORANO
ORANO
NEXGEN
PUREPOINTORANO
CAMECO
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❑ Size and Scope of Project:▪ 25,886 hectares – 21 mineral claims
❑ Project Acquisition:▪ Prior to 2012, region was off limits for staking due to oil and
gas reserves
▪ Core claims were staked by the property vendor in 2013, shortly after the first “discovery hole” of the SWA District at the Triple R Zone
▪ Prior to the Triple R discovery hole, it was believed that uranium could only be found in the basin, at unconformity
▪ Claims were tied up in lawsuit for years
▪ Core claims were acquired by Standard Uranium from property vendor in 2018 through an option agreement
▪ 100% of the Eastern extension claims were acquired by Standard Uranium through staking in 2018
Davidson River Project
Core Claims
EasternExtension
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❑ Clearwater domain is thought to be a potentialsource of the uranium or the source of the hydrothermal system related to uranium deposits located in the Southwest Athabasca Basin
❑ Exploration corridors to the east of the Clearwater domain have had several recent major uranium discoveries
❑ The Patterson Lake Corridor hosts the Spitfire zone, Arrow deposit and Triple R deposit, and is interpreted to continue through the Clearwater domain to the Davidson River Property
❑ The corridors on the west of the Clearwater domain, in the Davidson River claim block, have recently been discovered by Standard Uranium but until now have never been drill tested
Clearwater Domain Mirror Theory
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STANDARDURANIUM
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• In 2018 and 2019, Standard Uranium laid the foundation of exploration by conducting modern electromagnetic surveys on the property utilizing VTEM and ZTEM surveys
• The results of the surveys and the detailed interpretations have resulted in:• 4 Major Corridors of EM conductors• Several more second-tier targets
• Results from the VTEM, ZTEM, and magnetic surveys show similar geophysical signatures to those associated with the Triple R and Arrow deposits
• Cross cutting structures (lineament analysis)• Conductive bright-spots• Conductors changing dip direction (wrenching)• Off-sets or breaks along conductive trend
Summary of Recent Geophysics
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WARRIORTREND
BRONCOTREND
THUNDERBIRDTREND
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Integration of all Targeting Vectors
Cross-cutting structures inferred from magnetics
Off-sets or breaks along conductive trend
Conductive “bright-spots” from VTEM survey
Zones where the conductors change dip-direction
Priority drill target area (Warrior Zone)Based on several overlapping target criteria
High-priority area
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WARRIORTREND
WARRIORTREND
DAVIDSONRIVER
PROJECT
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Planned Drilling the Warrior Exploration Trend
Planned Warrior Zone Drill Program:▪ 5000 meters – 15-17 drill holes
▪ Drilling to commence July 2020 – Covid 19 dependent
▪ Drill testing a uranium fertile corridor to confirm uranium mineralization on the property
▪ Testing wide conductive corridor with fence drilling
▪ Drilling regular intervals to vector along conductor searching for: radioactivity, alteration & structure
▪ Will identify and vector on most prospective graphitic / sulphidic shear zones based on increased alteration and uranium content
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Completed Drilling the Warrior Exploration Trend
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Phase I - Warrior Zone Drill Program:▪ Approximately 5600 meters – 13 drill holes
▪ Several zones of early structural shearing and subsequent brittle deformation have been intersected in multiple drill holes across the strike length of the Warrior trend.
▪ The presence of relatively soft graphite- and chlorite-rich zones interlayered with competent quartz-rich basement rocks at Davidson River provided ideal competency contrasts where shear zones develop, and ensuing brittle-reactivation occurs.
▪ The zones of significant structural disturbance will provide critical support for the creation of further refined drill targets across the Warrior trend, as well as along other geophysical trends on the Davidson River Property.
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• Size: 15,770 Hectares , 100% owned.
• Located at the north end of the Athabasca Basin, the Gunnar Project has many attributes that are favourable for high-grade unconformity-style uranium mineralization.
• The 3 target areas are interpreted to be “perched” mineralized zones in the sandstone next to a larger, as-yet to be discovered basement or unconformity hosted deposit.
Gunnar Uranium Project
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Schematic cross-section Cigar Lake Deposit
Schematic exploration model Java Target Area
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• The areas was explored in 1978 to 1981 by SMDC (a predecessor to Cameco), and CanAlaska Uranium between 2006 and 2008.
• Historical work includes:• airborne and ground electromagnetics and IP
Resistivity surveys, • underwater radiometric surveying, lake bed
seismic surveys,• wide-spaced reconnaissance drilling with
positive results (0.10% U3O8 over 1 metre within sheared chlorite and graphite-rich metasediments basement rocks).
• September 2020 reconnaissance sampling confirmed off-scale (>65,000 CPS) radioactivity associated with uranium at surface.
• Currently planning the scope of a Q1 2021 drilling program.
Gunnar Uranium Project
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A. Radioactive Trend at JSW1 prospect,Java Target Area
C. Off-Scale Mineralization at East Zone,Stewart Island Deposit, Skye Target Area
D. Off-Scale Mineralization at Haven prospect, Haven Target Area
B. Close-up of mineralized Sample atJSW1 prospect, Java Target Area
Person for scale
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Three Projects: Atlantic, Canary & Ascent
• Size: 13,216 Hectares, 100% owned
• Located in the prolific eastern Athabasca district, in a less-explored area. The projects were acquired to cover conductive targets with anomalous uranium.
• Recent exploration by IsoEnergy’s Hurricane Zone, with recent results of 33.9% U3O8 over 8.5m, highlights the significant exploration potential of the area.
• Very little additional exploration will be required before drill-testing.
Eastern Basin Projects
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Share Structure
TRADING SYMBOLS
TSX VENTURE US OTCQB FRANKFURT
• Management & Insiders
• Sachem Cove
STND Coming soon FWB:9SU
CAPITAL STRUCTURE
STRATEGIC SHAREHOLDERS
ISSUED & OUTSTANDING SHARES FULLY DILUTED MARKET CAPITALIZATION
68.1 MM 104.5 MM 16.7 MM
• L2 Capital
• Tribeca Investment Partners
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Summary
▪ Standard Uranium has an exploration team with proven success in making high grade
discoveries in the Southwest Athabasca Basin, Saskatchewan, Canada
▪ The Davidson River Project is a land package that has the potential for further
Patterson Lake Uranium District discoveries
▪ Company completed its direct listing May 4, 2020 on the TSX-V : STND
▪ June 26, Prospectus financing oversubscribed & closed $4.5M - led by Red Cloud
▪ Strong shareholder base with a tight share structure
▪ Standard Uranium completed the inaugural drill program on the flagship Davidson
River Project September 2020, winter drill program planned for Q1, 2021
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Thank YouContact us to discover more opportunities
www.StandardUranium.ca
Standard Uranium Ltd.
200-550 Denman Street, Vancouver, BC, Canada V6G 3H1
