As uranium spot prices surged in 2021, many are wondering if this market is set for a comeback, with some countries trying to make the element green.
Standard Uranium Ltd. (TSX-Venture: STND) announced in their press release the start of exploration activities at the Company’s Sun Dog Project, located in the northwestern Athabasca Basin, Saskatchewan. High-resolution geophysical surveys are currently underway on the Project, with the Standard Uranium team and drill crews scheduled star drilling in the first week of March.
While the project has had past positive historical results, it has not been drill tested in over a decade. The area is comprised of six mineral claims over 15,770 hectares and is highly prospective for basement-hosted and unconformity-related uranium deposits.
Shares were trading down half a cent, or 2.5%, to 19.5 cents in mid-day trade.
