Targeting High Grade Uranium Discoveries in the Athabasca Basin INVESTOR PRESENTATION SEPTEMBER 2018
Legal Disclaimer 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 potential merger with Vela Minerals Ltd., 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 is the Qualified Person under National Instrument 43-101 who has reviewed and approved the scientific and technical content in this presentation. 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 practices 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 exploration 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 prospective target in the Southwest Athabasca Basin The Clearwater Domain Mirror Theory • suggests the exploration 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 marketing 4
Exploration Focused Team Jon Bey – President, Chief Executive Officer, Director, (Chair) Mr. Bey is a capital markets executive with over 12 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 14 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 – 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 recognition of his efforts which led to the discovery of the high-grade uranium mineralized system on the Patterson 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 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. 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 cutting production due to the low spot price of uranium • New Uranium fund – Yellow Cake IPO • USA government supporting nuclear energy and considering legislation to force American utilities to buy American uranium (Section 232) 6
Uranium Market • Uranium spot price has seen 28% increase in the last 120 days, signaling potentially the start of the next uranium price spike • Japanese reactors continue to come online – currently 9 and could rise to 20 in the next 12 months • Supply disruption on multiple 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 still 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 times to be a • uranium investor are during a uranium market bull run and when a Jr. exploration 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 hunting 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 exploration 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 Spitfire 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 exploration corridors to the east of the Clearwater domain have had major uranium discoveries The exploration corridors to the west of the Clearwater domain have excellent potential 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 Patterson Lake Corridor, which hosts the Spitfire zone, Arrow deposit and Triple R deposit is interpreted to continue through the Clearwater Domain to the Davidson River Property 11
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