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Targeting High Grade Uranium Discoveries in the Athabasca Basin - - PowerPoint PPT Presentation

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


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INVESTOR PRESENTATION

SEPTEMBER 2018

Targeting High Grade Uranium Discoveries in the Athabasca Basin

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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”

  • r “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.

Legal Disclaimer

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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

Vision

Davidson River Project

Cluff Lake Mine

Shea Creek Arrow Triple R

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  • 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

Company Snapshot

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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.

Exploration Focused Team

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  • 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

  • f 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)

Uranium Market

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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
  • nline – currently 9 and could rise to

20 in the next 12 months

  • Supply disruption on multiple fronts

will drive uranium prices higher

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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

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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 host the next major discovery Davidson River Project

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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% U3O8 Inferred 52.85 Mlbs 1.80% U3O8 Arrow Deposit (Discovered 2014) Indicated: 179.5 Mlbs 6.88% U3O8 Inferred: 122.1 Mlbs 1.30% U3O8 Spitfire Zone (Discovered 2015) DH: HK15-27 – 2.8 m of 2.23% U3O8 DH: HK18-82 – 1.3 m of 8.70% U3O8 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

Southwest Athabasca Basin

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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

Clearwater Domain Mirror Theory

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Clearwater Domain Mirror Theory

Dominant northeast to southwest trend east of Clearwater Domain. Dominant northwest to southeast trend west of Clearwater Domain. 2017 Tilt-angle interpretation of magnetics

STANDARD URANIUM

Triple R Deposit Arrow Deposit Dragon Lake Zone Spitfire Zone Cluff Lake Deposits Shea Creek Deposits

Davidson Geophysics Results

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Southwest Athabasca Basin

The project has not yet been tested for uranium by drilling, despite being located along the Shearwater “Exploration Corridor”, which has been interpreted as the continuation of the Patterson Lake Corridor. The nearby Patterson Lake Corridor contains several high-grade uranium deposits along an approximate 15-km length. Over 1000 drill- holes since 2012: Fission Uranium: 572 holes NexGen Energy: 501 holes Purepoint/Orano/Cameco: 82+ holes Davidson River property: 0 holes

Local phase of the residual total magnetic field

Triple R Deposit Arrow Deposit Spitfire Zone Shea Creek Smart Lake STANDARD URANIUM

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DAVIDSON RIVER WORK PROGRAM

Work will focus on geochemical surveys over the VTEM conductors in the lower elevations of the project.

  • 4 general target areas have been identified
  • RadonEX samples are to be collected in a grid

pattern in the target areas.

  • Geological mapping and prospecting will be

conducted to follow-up on airborne radiometric survey anomalies

2018 Summer Field Work Summary

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  • Standard Uranium intends to complete RTO with Vela Minerals Q3
  • Vela Minerals AGM June 25, shareholders approved RTO transaction
  • Vela Minerals approved name change to Standard Uranium at AGM
  • TSX Venture exchange has accepted the 43-101 technical report
  • Financing scheduled to complete Sept 28, 2018
  • Standard Uranium intends to complete the listing process and begin

trading on TSX-V under symbol: STND

TSX-V Vela Minerals - RTO

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  • Standard Uranium self financed $500K in 2017
  • Company plans to raise $5M at $0.25
  • Management is looking to identify potential future funding partners
  • Financing completes in conjunction with RTO transaction
  • Exploration Program to identify drill targets continues immediately

following financing

Capital Raise – Positioning Round

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$2.5 M Exploration Program $.5 M Working Capital $.5 M Marketing $.25 M Financing Fees

Use of Proceeds

FUNDS

ALLOCATED

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SHARE COUNT (MILLIONS) Outstanding shares 32 Warrants 10 Vela Minerals 2 Fully Diluted Pre Capital Raise 44 Capital Raise Number of Shares 20 Post Capital Raise Shares Outstanding 64 Cash Position – $CAN 5

Share Structure

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Summary

  • The Uranium sector is heating up with multiple catalysts in 2018
  • The demand for uranium has outpaced the supply and reserves are shrinking
  • No other sector increases as rapidly as Uranium when it starts moving
  • The Athabasca Basin is home to the world’s highest grade uranium projects
  • Investors have their greatest gains when exploration companies make discoveries
  • Standard Uranium has the exploration team with proven success in making

discoveries in the Southwest Athabasca Basin

  • The Davidson River Project is an incredible land package that has never been

drilled and with the signs and potential to be the next great discovery

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Thank You

Contact us to discover more opportunities 1.604.375.4488 jbey@standarduranium.ca www.StandardUranium.ca Standard Uranium Corp. 200-550 Denman Street, Vancouver, BC, Canada V6G 3H1