12:25 PM EDT, 04/11/2024 (MT Newswires) -- Standard Uranium ( STTDF ) on Thursday said it completed its inaugural drilling program at its 3,061-hectare Atlantic Project in the prolific Athabasca basin in northern Saskatchewan.

The company said the program identified anomalous radioactivity in all five drill holes.

"The results from this program have confirmed the presence of a significant structural framework on the property providing the ideal conditions for high-grade unconformity-related uranium mineralization," Sean Hillacre, Standard Uranium's ( STTDF ) vice president of exploration, said in a statement.

The company's shares were last seen down C$0.01 to C$0.055 on the TSX Venture Exchange.

Price: 0.06, Change: -0.01, Percent Change: -15.38