Targe&ng High Grade Uranium Discoveries in the Athabasca Basin INVESTOR PRESENTATION July 2018
Legal Disclaimer All statements, other than statements of historical fact, contained in this presenta3on cons3tute “forward-looking statements” within the meaning of the United States Private Securi3es Li3ga3on Reform Act of 1995, and “forward-looking informa3on” under similar Canadian legisla3on and are based on the reasonable expecta3ons, es3mates and projec3ons of the Company as of the date of this presenta3on. Forward-looking statements and forward-looking informa3on include, without limita3on, possible events, trends and opportuni3es and statements with respect to possible events, trends and opportuni3es, including with respect to, among other things, the poten3al merger with Vela Minerals Ltd., the state of the uranium market, global market condi3ons, the ability of the Company to iden3fy and acquire assets, results of explora3on ac3vi3es, the nature of poten3al business acquisi3ons, capital expenditures, successful development of poten3al acquisi3ons, currency fluctua3ons, government policy and regula3on, geopoli3cal uncertainty and environmental regula3on. Generally, forward-looking statements and forward-looking informa3on can be iden3fied by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “es3mates”, “forecasts”, “intends”, “an3cipates” or “does not an3cipate”, or “believes”, or varia3ons of such words and phrases or state that certain ac3ons, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward-looking informa3on are necessarily based upon a number of es3mates and assump3ons that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and compe33ve uncertain3es and con3ngencies. Many of these uncertain3es and con3ngencies 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 informa3on made by, or on behalf of, the Company. All of the forward-looking statements and forward-looking informa3on made in this presenta3on are qualified by these cau3onary statements. Although management of the Company has aSempted to iden3fy important factors that could cause actual results to differ materially from those contained in forward- looking statements or forward-looking informa3on, there may be other factors that cause results not to be as an3cipated, es3mated 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 an3cipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking informa3on. The Company does not undertake to update any forward-looking statements or forward-looking informa3on that are incorporated by reference herein, except in accordance with applicable securi3es laws. Nothing in this presenta3on should be construed as either an offer to sell or a solicita3on of an offer to buy or sell shares in any jurisdic3on. Neil McCallum is the Qualified Person under Na3onal Instrument 43-101 who has reviewed and approved the scien3fic and technical content in this presenta3on. 2
Vision Standard Uranium has the team and land package in place to make the next major uranium discovery in the Southwest Athabasca Basin region of Saskatchewan, Canada Standard Uranium will use best pracDces and experiences gained from making previous discoveries in this region Cluff Lake Mine Shea Creek Davidson Arrow River Project Triple R 3
Company Snapshot • Standard Uranium’s exploraDon team was assembled to find the next major uranium discovery in the Southwest Athabasca Basin • The Davidson River land package is the largest unexplored highly prospecDve target in the Southwest Athabasca Basin • The Clearwater Domain Mirror Theory suggests the exploraDon corridors on the west of the Clearwater Domain could have similar uranium deposits as those on the east • Standard Uranium’s management have proven success in raising capital and public company markeDng 4
ExploraDon Focused Team Jon Bey – President, Chief Execu&ve Officer, Director, (Chair) Mr. Bey is a capital markets execuDve with over 12 years in the junior exploraDon 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. Explora&on, Director Mr. McCallum has over 14 years of experience primarily in North American mineral deposit exploraDon, with a focus on targeDng and discovery of unconformity-related uranium deposits. He is currently a project manager at Edmonton based Dahrouge Geological ConsulDng Ltd. Mr. McCallum has managed and conducted uranium exploraDon in and around the Athabasca Basin and other jurisdicDons for mulDple companies. GarreM Ainsworth – Director Mr. Ainsworth recently led the NexGen technical team from June 2014 to April 2018, and was co-recipient of the 2018 PDAC Bill Dennis Award for the Arrow Uranium Deposit in the southwest Athabasca Basin, Saskatchewan. Prior to NexGen, Mr. Ainsworth was co-recipient of the 2013 AME BC Colin Spence Award. This honour was in recogniDon of his efforts which led to the discovery of the high-grade uranium mineralized system on the Pa[erson Lake South Project in the southwest Athabasca Basin, Saskatchewan, which is presently owned by Fission Uranium Corp. Blair Jordan – Independent Director Mr. Jordan was most recently 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 securiDes lawyer with Benne[ 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 BriDsh Columbia. As a former banker, Mr. Jordan has extensive experience working in public markets. 5
Uranium Market • Global energy demand is rising rapidly and nuclear reactors are being built to match that demand • Environmental groups are beginning to agree that nuclear energy is the safest and cleanest base load energy source • World’s largest Uranium companies (KazAtomProm & Cameco) are cueng producDon due to the low spot price of uranium • New Uranium fund – Yellow Cake IPO • USA government supporDng nuclear energy and considering legislaDon to force American uDliDes to buy American uranium 6
Uranium Market • Uranium spot price has seen 14% increase in the last 50 days, signalling potenDally the start of the next uranium price spike • Japanese reactors conDnue to come online – currently 9 and could rise to 20 in the next 12 months • Supply disrupDon on mulDple fronts will drive uranium prices higher 7
Uranium Market The beauty of buying at this point in the cycle is, we don’t have to be precisely correct – we just have to be generally correct . . . What I mean is: since uranium prices are s3ll very low, and uranium producers are even lower – there isn’t much downside risk from here. Palisade Research 8
Athabasca Basin, Saskatchewan Team, Timing, & Target The two greatest Dmes to be a • uranium investor are during a uranium market bull run and when a Jr. exploraDon company makes a major discovery The greatest place in the world to • hunt for high grade uranium deposits is in the Athabasca Basin of Saskatchewan Canada • The recent discoveries of over 400M lbs of uranium have all been found in the southwest corner of the basin • The geologist that was part of those discoveries is now hunDng once again in the region he believes could Davidson host the next major discovery River Project 9
Southwest Athabasca Basin The Davidson River Project is located in the heart of the Southwest Athabasca Uranium District. Surrounded by major players in uranium exploraDon and development including Cameco, Areva(Orano), NexGen, Fission Uranium, Denison, UEX. Triple R Deposit(Discovered 2012) Indicated 87.76 Mlbs 1.82% U 3 O 8 Inferred 52.85 Mlbs 1.80% U 3 O 8 Arrow Deposit (Discovered 2014) Indicated: 179.5 Mlbs 6.88% U 3 O 8 Inferred: 122.1 Mlbs 1.30% U 3 O 8 SpiWire Zone (Discovered 2015) DH: HK15-27 – 2.8 m of 2.23% U 3 O 8 DH: HK18-82 – 1.3 m of 8.70% U 3 O 8 Smart Lake Zone (Discovered 2008) DH: SMT08-05 - 0.2 m of 0.19% U DH: SMT08-06 – 0.1 m of 0.16% U 10
Clearwater Domain Mirror Theory The Clearwater domain is the source of the uranium found in the southwest Athabasca Basin The exploraDon corridors to the east of the Clearwater domain have had major uranium discoveries The exploraDon corridors to the west of the Clearwater domain have excellent potenDal to host similar deposits The corridors on the west of the domain have recently been discovered by Standard Uranium but they have never been drilled The Pa[erson Lake Corridor, which hosts the Spilire zone, Arrow deposit and Triple R deposit is interpreted to conDnue through the Clearwater Domain to the Davidson River Property 11
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