Standard Uranium Ltd. announced a non-brokered private placement of units at a price of CAD 0.11 per unit, and flow-through units of the company at a price of CAD 0.13 per flow-through unit to raise gross proceeds of up to CAD 3,500,000 on September 7, 2022. Each unit will consist of one common share of the company and one half of one common share purchase warrant. Each flow-through unit will consist of one common share of the company to be issued as a flow-through share and one half of one warrant.

Each whole warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.17 at any time on or before that date which is 24 months after the closing date of the transaction. All securities issued in connection with the transaction will have a hold period of four months and one day from the closing date. Closing of the transaction remains subject to the approval of the TSX Venture Exchange.

Red Cloud Securities Inc will act as finder for the company. The company will pay finders' fees to eligible parties.