Standard Uranium Ltd. announced a private placement of a minimum of 4,166,667 units at a price of CAD 0.24 per unit for minimum gross proceeds of CAD 1,000,000, flow-through units at a price of CAD 0.265 per flow-through unit, charity flow-through units to charitable buyers at a price of CAD 0.32 per charity flow-through unit for aggregate gross proceeds of CAD 4,000,000 on July 9, 2021. Each unit will consist of one common share and one half of one common share purchase warrant. Each flow-through unit will consist of one flow-through common share and one half of one warrant. Each charity flow-through unit will consist of one flow-through share and one half of one warrant. Each whole warrant is exercisable into one common share at a price of CAD 0.36 at any time on or before that date which is 36 months after the closing date of the offering. The agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the offering, to sell up to an additional CAD 1,000,000 in any combination of units, flow-through units and per charity flow-through units at their respective offering price. The transaction is expected to close on or around August 5, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The unit shares, flow-through shares and warrant shares will have a hold period of four months and one day from the closing date.