Summer Drill Program is Underway at Flagship Davidson River Project

0:07 Well, hello everyone and welcome to Standard Uranium's live summit today hosted by 6. I am joined today by John Bay, President, CEO and Director. John will walk us through a company presentation and then we will be accepting questions live. So remember, you can submit your questions at any time on the Q&A panel on the right-hand side of the screen and we'll get to them after the presentation.

0:30 As always, this event is being recorded and will be available to watch afterwards on SIX.com. So without further ado, I'll hand it over to you, John. Thanks Dasha and hello to our people who are watching from wherever they are in the world right now. It could be morning, evening or afternoon. I'd like to thank Dasha and 6 for putting this presentation together and sharing this summit. And today we're going to be, I know we have a lot of new investors who might not know our stories, so we are going to be going through the corporate presentation quickly. I hope to do it all in less than 15 minutes and then leave time for Q&A and be able to answer some of the questions. So kicking it off, you can see our title slide here. We are here to find the fuel to power a clean energy future. That is what standard uranium is. So the next slide is our legal disclaimer.

1:15 Please take a look at that at your own convenience. I will be making forward-looking statements as I do during these presentations. So here's a snapshot of where our projects are in the Athabasca Basin. So you can see the map of Canada in the bottom left corner. The circle shows the Athabasca Basin, which is in the north of the province of Saskatchewan in the middle of Canada. So what is Standard Uranium? We are a Canadian junior Uranium exploration company. Right now we are drilling our flagship project, the Davidson River project. And I'm going to walk you through that, take you through a bit of the history of how we got to where we are today and what our future holds. So I see some people showing up on the right with questions saying hello. Hello to everyone who's joining us here. Next slide. So here's a bit of our company snapshot here. So we started this company privately back in 2017 and we took it public last May, May the 4th actually.

2:05 We were at the time, you know, market cap of $5M. We had about 37M shares out roughly. Since that time in 2020, we did 2 capital raises last year, raising just under $9M. And we've used that primarily to do exploration work, primarily our flagship project in the Davidson River in the southwest corner. So if you look at the next few slides, we're going to walk you through some exciting things about our company. The 4 main things which I really think are important for investors to look for in companies are, first of all, do they have a good jurisdiction to work in? And we do. We're in Canada, we're in Saskatchewan, always ranked one of the top 2 or 3 in the globe for uranium and just exploration mining. On top of that, you look for a team who's actually done what they're trying to do. So, as we walk through our exploration team and our management, we'll get into the details of that. Number 3, do you have a good project?

2:56 And we'll walk through our Davidson River project, which we believe was probably one of the most exciting projects in the Athabasca Basin. And number 4, is the industry ready? Is the timing right? And we'll walk through the macro timing, the micro timing and why we think this is a remarkable time for you as a potential shareholder or current shareholder to continue to invest with us. There are incredible catalysts happening right now in the Uranium and Nuclear space. Every day we hear more and more positives. So that's exciting. We still believe there's fundamentally a shift coming where the spot price needs to go from low 30s to high 50s at least before a lot of these Uranium mines come into production again. And there's a lot of room for investors to do extremely well in the space. So short term catalysts were drilling right now at our Davidson River project. We started that drill program in June. We will be drilling all the way through probably to the end of September and maybe even into October. So lots of news to come down the line and we will move along to the next slide and we'll tell you what's going on.

3:51 So number 1 I mentioned our team. So this is a snapshot of our board of directors and our exploration and management team. You can see the individuals on the top row are our board of directors. Of those, we've got 2 geologists, Neil McCallum and Garrett Ainsworth. I'll speak to them on the technical slide. On the right side, Ken Judge and Blair Jordan. These are capital markets experience directors as well. They're both corporate lawyers. Ken Judge specifically is an M&A specialist. He joined our board last year. On the bottom, we have an advisors and management team, Gail McNamara, the CEO of Summa Silver, but also heavily involved in our technical team. Laurie Thomas is our Vice president of investor relations based in our Saskatoon office with Sean Hilliker, who is our vice president of exploration. And Martin Bajic is our CFO based in Vancouver with myself.

4:40 Now let's talk about our technical team. So when you look at somebody who are a team that's done what you're trying to do in the past, this group right here is remarkable. So we are exploring the southwest corner of the Athabasca Basin, which hosts both Fission's RRR project and NextGen's Arrow deposit, both 2, probably 2 of the finest discoveries of Uranium projects in the globe in the past 10 years. Now, why do I bring those up? It's not just because we're close by, it's because we believe we sit on the same conductor, the same trend, and that's the Patterson Lake conductor. And why do we think our team is good to have involved with that? Well, first let's start with Garrett Ainsworth. So you go back in time to 2012 and there was a discovery of radioactive boulders which led to the discovery of Fission's Triple R Project. Garrett made those radioactive boulders discovery.

5:26 His company was taken over by Fission and he left and went and joined NextGen Energy where he was the VP of exploration for several years as they advanced aero discovery just down the road. And we're just to the west of that. And I'll show you on the map when we get there. Neil McCallum, our lead technical director has been working in the Athabasca Basin, specifically the Southwest corner for 15 plus years. So he's extremely experienced in this region. And Galen McNamara was with Garrett at NextGen. He was one of the technical geologists working with Garrett and he's been also rewarded for his experience there. And Galen is now advising with Garrett and Sean Hilliker on this project. So, Sean Hilliker has just been promoted to our Vice President of Exploration. Sean is the man on site for the entire drill program, running things there. Sean spent 5-years with NextGen with Galen and Garrett, where he helped advance the Arrow deposit.

6:15 Sean had just finished his master's degree on the Arrow deposit and it just published that. So when we're looking at the rocks and the information that we're getting from our drill programs, having Sean and Garrett and Gail in there to tell us what they're seeing is just remarkable. So as a junior exploration company of our size, having a technical team this talented is remarkable. So investors should be very happy to see that. Now let's talk a bit about the southwest corner of the Athabasca Basin. This is probably the most exciting region in Saskatchewan in my opinion. You look at those 3 yellow arrows there, RRR, Arrow and Spitfire, all discoveries that have been made in the last 10 years and all world-class discoveries. So they all sit on what's known as a Patterson Lake conductor, which we believe as you can look in that map, heads to the West and goes right through our Davidson River project. That's just not something we've made up. That's a theory that was out there and we've been proving that out with our drill programs in the past few years. So let me walk you through what we've done and how we've come up with that theory.

7:11 So first of all, I talked about regions where you wanna be in. The Athabasca Basin is globally known as the best place for high-grade uranium discoveries. It blows away anywhere else in the world. You know, other places in the world, you can see by that chart, they have, you know, grades which are significantly lower, sometimes, you know, 20 times lower than what you find in the Athabasca Basin. So if you are going to make a discovery anywhere in the world and you want to get into commercial production, the Athabasca Basin is the place you want to be. I know I'm going pretty quick, but I'm hoping to get through a lot of these slides for I know some of our investors have seen this presentation many times. I mentioned the uranium macro story. So this slide identifies a few of the things that are pretty interesting. Yesterday we saw Sprott had their vote and they did go ahead and take over UPC. So that is moving forward. We anticipate their New York Stock Exchange listing is going to happen in the next few months and they'll be starting to buy a physical uranium from the spot, which many investors believe is going to be a huge catalyst. So watch for that. Japan, you know, they've just brought one of their new reactors online and they've got several which are in that next stage and coming back online. So we can see more demand coming out of Japan. The US is having a remarkable time right now with both sides of political parties supporting clean energy and nuclear energy and President Biden is making movements now to put tax breaks in place and support with funding to drive nuclear projects forward. We've got Bill Gates now with Warren Buffett going into Wyoming and trying to create a small modular reactor plant conversion from a coal plant. So that is going to be huge. If they prove that can

8:41 be done, there's huge amounts of opportunity there for small modular reactors. Uranium equity markets, it's kind of up and down recently. There's been some good months and bad months. We're kind of slipping a little bit right now, but we anticipate that's going to turn around quickly as it can in the uranium space. You know, we talked about nuclear becoming ESG in Europe right now. They're going through a process of hopefully approving ESG investing for the nuclear space and that will allow more institutional funds to be able to get involved and invest with nuclear companies and uranium companies. And Small modular reactors are now taking huge steps forward. Everywhere across around the globe, they're getting good press and good support. In Canada alone, we're starting to see small modular reactors get support in multiple provinces, including the province of Saskatchewan, where we operate. Right now, there's no nuclear production in Saskatchewan, but that is going to change. The government has announced that by the end of this decade or early into 2030, we anticipate having small modular reactors using the fuel that we find in Saskatchewan to power Saskatchewan, which is going to be remarkable.

9:47 So I mentioned the macro story. Uranium and nuclear energy is really picking up speed. It's becoming a wonderful time to be an investor in uranium and nuclear. Now, how about the micro side? Why invest with a company like Standard Uranium right now? The reason primarily is because we are pre-discovery. If you look at this Lausanne curve here, once that company makes that discovery, there's a huge upswing in the share price, obviously. And we believe we're at the very start of that right now, drilling our Davidson River project for the third time. We're getting great information from each drill hole and we're moving closer and closer to this opportunity. Now, I'm not saying discovery is happening imminently, but I am saying it's getting closer and closer. So it's exciting time. So if you look at our share price right now, it's had a nice little movement in the last few weeks. We are still, you know, roughly around 25 million market cap, which we believe has huge potential for investors to come along with us and join with us pre-discovery.

10:43 Now I mentioned the Clearwater Domain. Actually, I haven't, but I have in the past, the Clearwater domain, if you can see on this map here, it's the, it's believed to be the source of where the Uranium has come from that led to the discoveries of RRR, Spitfire and the Arrow deposit. What the theory actually says is the Clearwater domain is the intrusion, which brought up the heat and the fluids and uranium which spilled out into the the conductors which run sort of east-west through our projects. We believe that same amount of uranium that fell off on the eastern side could potentially be on the western side as well. So what we had to do was actually prove out, first of all, through geophysics, that we had conductors on our project. So when we acquired this project in 2017, there was no work on it. There was no exploration work done on that. That's another story. But we proceeded to do geophysics, doing V10 and Z10 work to identify those conductors. And now we're in the process of drilling those conductors to search for uranium.

11:36 So this map right here gives you a snapshot of the Davidson River project. So those yellow lines and green lines, those are the Z10 and V10 surveys. That's the geophysics work that was done to look under the ground and look for these graphitic and sulfidic conductors So if you're going to find uranium in this part of the world, it's actually going to be hosted in these miscellified and graphite conductors So what we do is we use geophysics to find those conductors Once we find those conductors, we then use a drill to go into those conductors and look for the uranium. So back in 2018 and 2019, the V10 was done. We identified those conductors and the next step was to identify drill targets. And what we're looking for are things that have been found with the previous discoveries, the arrows, the RRRs and the Spitfires. What are the signatures of those discoveries that we can use to sort of vector in for our drill program? What we're looking for, if you see on this map, there's cross-cutting structures that run across the conductors that cause a disturbance for Uranium to drop out. We're looking for offsets and breaks. We're looking for bright spots and low spots. And we're also looking for changes in dip direction, where there's some sort of wrenching occurrence.

12:43 That is where the Uranium fluids can actually drop out and make a deposit. We take all those points and we put them all together and we identify our drill targets and we start drilling. What has that looked like so far? We started drilling last summer. We started drilling actually the first week of August last summer and we drilled through August and into September. We did 13 drill holes, 5,600m. The important part of this was these were the first ever drill holes on our project. So we were really trying to prove out that this is the same rock formation, the same information we're getting from geophysics, really hoping to identify that this is the same Patterson Lake conductor and we believe we did that. So the first holes gave us some great information which we used to move forward with our winter drill program. So the first one we were looking for was there sulfite there, was there graphite there, are we into those conductors, was there you know shearing, was there different things that sort of helped us identify our next drill program? When that took us into the winter of this past year, where we went up there and we drilled in February and March and we put another 7 drill holes in, so we have 20 drill holes prior to this summer's program, we started looking for more things like more graphite, stronger alteration, more things like the cross-cutting structures, really identifying the stuff that geophysics and the previous drill program did. And the information we gathered from this past drill program in the winter really got us excited and allowed us to move forward and actually quadruple the size of our summer program. So our geologists were all set after the winter to move forward and double the size of our entire drill programs to date. So we're planning to do 10,000

14:13 meters, another 20 drill holes this summer and we started in June. So let's move over to that. So phase 2 drilling, following up on the Warrior, we've done 19 of our current 20 holes are on the Warrior Conductive, Warrior Corridor, and we put 1 into the same corridor. We look for things like significant structural and local alteration. We're looking for stacked shear zones, another signature of the aero deposit. We're looking for stronger concentrations of graphite. All these things help us identify where we're going to be drilling next to zone in on that big discovery. So we started off this program in June 1st. Now, let me, first of all, by saying, look, we haven't put out a news release about our drill program this summer, so I can't get into any specifics or give you any details. What I can tell you is, unlike the winter program, we're not gonna wait till the end of the program to send our stuff to the assay labs. So we're going to be sending them in smaller batches. So, you know, every, every probably 33% of the way, we're going to take up the core, we're going to send it to the assay lab and we'll start to get assay results back. We do know that, you know, the in Saskatoon, the, the assay labs have a backup of about 6 to 8 weeks. So Once the core is delivered, it's about that amount of time before we'll start to get the results that we can publish and share with our investors.

15:25 I know many of you want to know how the drill program is going and what we're finding, so I can't get into the details yet. All I can say is, look, we've got a remarkable team of new geologists that have joined our team, which I'll get into in a bit through the questions probably. The First Nations relationships is remarkable. We've got a new drill company working with us, Geotech, who's trying some new things, bringing in some new drillers. And we've also got, you know, the helicopter pilots from Access we've worked with in the past who are remarkable. So we're really excited. We're going to be drilling all summer, all through July, August and September. And there'll be lots of information to share with you. So talking about phase 2 drilling, here's the map of what we're doing. So I've mentioned the warrior trend. So we have drilled 19 of our previous 20 holes on the warrior. While we're gonna be going back and drilling at least another 5 or 6 holes here, the same trend to the Northeast. We started off there with a few holes. We probably gonna be doing 3 or 4, 5 holes at the same trend. And then we're actually gonna be moving over and testing 2 trends. We haven't even put a single drill hole in yet. And that is our Bronco and our Thunderbird. We anticipate getting to the Bronco and the Thunderbird in the back half of the drill program, probably towards the end of August and into September. And we anticipate exciting things to come from those new drill targets. So I will say I just returned from site, I was there a couple days ago with Sean Hilliker and our videographer.

16:37 We took a lot more videos, we're going to be sharing those with you in the immediate future, so stay tuned for those. If you haven't had a chance yet to look at our Twitter or YouTube or our website, please do. You'll see lots of videos from site exactly what's going on with information that we can share with you that you know not going offside with the regulators. Before I jump ahead to the Sun Dog, I just want to say here we are today is what July the 8th we are moving forward now continuing to advance not only our our Davidson River project but we also have our Sun Dog project in the north and we have our eastern Athabasca Basin projects as well Davidson River is our most exciting project and where we are spending probably 90% of our time and budget right now and what's really keeping our geologists extremely busy. One thing I didn't mention really get into is the fact that we have an incredible relationship with our First Nations partner, the Clearwater River Dene Nation led by Chief Clark And it's exciting to announce that he won his election just about a week ago. So he's been elected once again for the next 4 years, which is really good news for us, because our relationship with that group is extremely strong.

17:44 And we anticipate being back up there and meeting with Chief Clark and his group in the next few weeks to help him celebrate and continue to build on that relationship with him and the Clearwater River Daini Nation. So I mentioned the Sun Dog Project. Let's move on to the Sun Dog Project. Here's a snapshot of the Sun Dog project and the conductors that run around there. This is actually in the far north of Saskatchewan, the far northwest, which is around Uranium City. In this region, we're working with the Yapanini First Nations Group. They are responsible for all consultation and we're in the process of, we are engaged with them. We have been given all our drilling permits, our exploration permits, and we are not moving forward on that until probably the winter of 2022 until we have a fantastic relationship and contract signed with the Athenini group. That is in the process right now and I look forward to moving forward on those. Some things that we can tell you though, we were up in this region last summer, last fall, and we made some interesting discoveries of samples at surface of 3.5% Uranium. That's pretty exciting.

18:46 And It goes to show that there is Uranium up here and there's potentially, what we're looking for though is deeper Uranium down in the basement. That's what we're trying to prove out to our drill program. We won't be looking for the surface lower grade. We're looking for high grade in the basement. We look forward to having our drills turning potentially as early as March of 2022. This is a picture of some of the grab samples we took and sent off to the lab. It was really exciting for us. We weren't sure if we were going to have this type of success up there, and we did. So, we're going to be moving forward with that exploration program, probably doing some ground gravity followed by the drill program in the spring or winter of 2022. Now, the Eastern Basin projects, these are on the farther side of the province here on the Eastern side, obviously, very close to where ISO Energy has their hurricane on the rock discoveries. There's a number of companies operating in this region of course on this map you can see you know that some of the other projects that are down there. These projects for us are early stage so we have 3 the Atlantic, Canary and Ascent. We anticipate next summer getting up to these projects and doing some work. For us they are lower priority but they are still interesting projects that we believe will be nice potential JV partners or things that we can move on in the summer next year.

20:00 Now talking a bit about our corporate information, here's a slide. This is dated at the end of May. So I do want to show you, you know, our share price today is up above 24 cents. Our market cap is probably closer to 25 million right now. The exchanges we're listed on, we listed on the TSX Venture last May under the symbol STND and we did our OTC listing in the US this past January, and we also listed in trade in Frankfurt as well. You know, our capital structure there, we do have 92.7 million shares outstanding, and fully diluted at 130 million. So one of the things that's pretty important to notice is the bottom left corner are strategic shareholders. A company of our size to have these funds that you read down there, invested with us right from the start is pretty incredible. I like to always pay attention to who the top investment funds are in the Uranium space. And I target them. I go talk to them, meet with them, introduce our story.

20:51 I started off doing that in 2018 with Mike Alkin and Satian Cove. And Mike and his team have been shareholders from 2018. They were involved privately with us

20:59 and they were shareholders as we went public. So it's great to have Sation Cove, which I believe, you know, are a remarkable group. I think many of you know them and understand who they are and believe, you know, Mike Alcott, he's been really promoting Uranium for several years now. On top of that, we brought in Marcelo Lopez from Australia. His fund, LT Capital, Marcelo has been investing with us as well. Fantastic knowledge base and a wonderful person. And it's really nice to have Marcelo as part of our investment group. And then also in Australia, we have Tribeca Investment Partners led by Guy Keller. So these are, I believe those are 3 of the top 4 or 5 Iranian funds globally and to have them invested with us as we went public and as we continue to grow our company says a lot. So really proud to have those guys on our shareholder list. If you look at the market showing the volumes, currently we're trading, I think around,

21:51 let's see what the numbers are, 400,000 to 800,000 shares a day now, depending on looking at all the different exchanges, which is remarkable for a company as well of our size. And we're going through a lot of different opportunities right now for investors to get in, which is nice to see. And our working capital is roughly around 2 million. And then our share price chart sort of shows where we are. We're sort of, we're sitting around, you know, 25, 26 cents right now, which is still a remarkable opportunity for investors to come along and join with us. Now, just to sort of summarize things before we get to questions, we have a proven management team that have made exploration discoveries in this region. We believe the macro story for Uranium is remarkable right now. There's no better place in the globe to be investing than Saskatchewan, the Athabasca Basin. And then once again, we are prediscovery. So micro wise, micro story. It's a remarkable time to invest with Standard Uranium.

22:42 And we have 5 projects, primarily our Davidson River as our flagship, but other projects that can add value to our company as well. So that is a summary of Standard Uranium.

22:51 I tried to do it quickly for you and we're going to move over to Dasha to help us out with some questions from the audience. So thank you everyone for participating and I hope to answer some of your questions right now. Thank you. Great. Thank you so much, John. Yeah. A bunch of questions have come in while you're presenting, but if you do have a question please submit them now. So John, your summer drill program begin at the beginning of June for your flagship Davidson River project. Can you just discuss how long this program will go and how many holes you plan on drilling? Yeah, sure thing, Dasha. So if you look at this map here of the phase 2 drilling, we started this the first week of June and we anticipate we're going to be drilling 10,000 meters and this will take us right through until probably the end of September, maybe even a little longer. So we anticipate there'll be news flowing throughout the throughout the program as we update our audience with information from the drill

23:41 program. So that's what we have planned and we hope to go right to the end of September. Great, thank you. And you recently announced Sean Helker as becoming the VP of Exploration, as well as a few other geologists on the team. Can you just talk about the technical team and their experience? Sure. First of all, we've added 3 new geologists, most recently Mason Ermel, Ezra Mazaros and Robbie Meeks. Those 3 geologists have come to us in the last few months. Mason worked with us last summer as well, last winter, but Robbie and Ezra are new to our company, so having them at site right now working closely with Sean is remarkable. They all bring unique experiences. Ezra came to us primarily most recently from Orano where he was based in Saskatoon.

24:25 We have Mason who's worked with multiple companies, most recently Denison. And we have Robbie who's actually come from the province of Ontario, who's working with the government there. So Robbie is a huge uranium bull. You can catch him on his TikTok account as well. I think he's, I forget the name of it, he'll share that with you. It's pretty funny stuff. Great guys, great experience and a young team that is hungry to make another discovery. So I'm really happy the way Sean Hilliker has brought these geologists into our group and is working with them and getting them up to speed. And it's remarkable to go to site and see them in action and see how passionate they are and how excited they are to come to work every day and just help us move this company forward. That's great. I absolutely will follow up with you on that TikTok account so I can follow. So Standard Uranium has 5 projects. Do you have plans to explore other projects, any M&A plans? And what do you look to pick up more, any more programs?

25:20 Oh, good question. So M&A is always something that we're interested in. The market in the Uranium space is obviously heating up right now and there are projects coming to life all over the place. The Athabasca Basin is still, I believe, one of the best places in the entire world to get projects. We are continuing to look at projects in the basin, look at some of the other partners there that we could be doing deals with. I can't get into any specifics there. We have a few CA signed with other companies, some that want to JV with us on our projects, other ones that we're looking to JV on. So there are exciting times ahead. So stay tuned for M&A activity from our company. We're not looking to go into Africa at this point or Australia, but North America is where we want to stay focused. So our geologists here can sort of manage those very easily. So Dennis is asking, looking long term after discovery, is Standard Uranium looking forward to mining the Uranium by itself or use some other producer to mine it? Well, that's a great question.

26:15 And I'd be lying if I said I had the answer for that right now. I do know that for us, should we make

26:21 a high-grade discovery, the plan would be to develop that project and really drill that out and to see how big that resource could get. At that point, we get to see how interested the market is to M&A. We do know that right beside us, we have NextGen advancing their Arrow deposit, hopefully turn that into a mine in the next few years. And Fission has got their RRR right beside that. I firmly believe there is going to be a mine and a mill built in this region in the immediate future. And should we make a high-grade discovery, the best thing for our shareholders is for us to make that deposit as large as we can by drilling it out and then sort of see what happens. It could be M&A with us. We don't have anyone on our staff who are actual miners. We're built as an exploration team. That's what we do. Right. Well, yeah, Rock here is asking, assuming the drill results are positive, how long before a mine can go into production?

27:09 He seems to think it's 7 to 9 years, but would like your opinion. Yeah, those timelines are not that, Those could be very realistic timelines. So, you know, taking and building a mine anywhere in the world is a long process in the Athabasca Basin. It's difficult as well, especially with Uranium. If you look at the timing of when NextGen and RRR from Fission were discovered, I mean, they were there was like you're looking at 2013, 2014 and they'll be fortunate to have those built by the end of this decade. So that's the realistic timeline. You know, you make a discovery and then you build it out for several years, drilling it as much as you can. So you know, 7 to 9 years is probably pretty realistic. But I will say building the mine is not the end point for investors. There are huge opportunities for investors to make a lot of money along that path. If you look at the Lassonde curve, should we make that high grade discovery, there's going to be a period where investors could do exceptionally well.

28:01 Great. Thank you. So, John, can you speak to the difficulty in finding quality vendors and staff?

28:07 Sure. So I think a lot of people understand right now that the mining industry is really taking off. We are entering what I believe is going to be a really strong bull market. But what that happens, what that leads to is that finding quality vendors to work with you is extremely challenging. There are not enough geologists out there. There are not enough drillers out there. It's hard to get helicopters when you need them. It's hard to get places to have camps built and have people man those camps. So right now, if you're investing with a company that has managed to get a drill program going this summer, you're doing extremely well. For those companies to actually have all those things put together to be drilling and moving projects forward, that's remarkable. So I anticipate it's going to be like that for some time. So watch out for that. I mean, there are a number of companies and peers that we know of that are having very difficult times, you know, finding drillers, finding the vendors they need to move their projects forward. And that's not even mentioning how more difficult it's getting to get permitting done or to to really build your First Nations relationships.

29:04 Those things are becoming more and more important. And I believe, you know, companies that

29:08 take the effort and take the time to actually do those things properly and build trust, build relationships, those are the companies that are going to have a great success going forward. Yeah, I mean, can you go into more detail and just discuss the importance of working with indigenous groups in the North and what is your relationship like? Sure, so I'm gonna say, first of all, it's always been extremely important. Some companies have done it better than others. Some companies really put the effort in to make that happen. Now going back in time, just 2 or 3 years ago, exploration work on the Athabasca Basin in Saskatchewan was done through 1 governing body and that was the Saskatchewan government. You do all your permitting through them. Now on top of that you have to have First Nations consent and you have to work with them very closely to get that. So for us, you know, when we started this company we didn't want to be the type of company that, you know, you make a discovery and then you go to the First Nations and try to work something else.

30:00 That's not how we operate. We believe that we want to have success with our First Nations partner and we want them to have success with us. So a big part of that is trust. You have to build the trust. You have to build the relationship first before you go down the path of figuring

30:12 out how it's all going to work. So working with Chief Clark and the Clearwater Riverdending Nation has been very important for us and we've done it from the start and I'm very happy to say that Chief Clark and I have an exceptional relationship. I was just visiting him a couple days ago at his cabin in the north and continuing to build on that and starting to plan you know how we're going to continue to help each other out and build things going forward. So it's really important for companies to really grasp that concept and actually live it, not just talk about it with lip service. So watch for companies that put the effort in. We do a great job, I believe, of sharing our story and being transport and showing what we're doing with our First Nations partner, with our drill programs, everything we do. We wanna take the time to let our investors understand who we are as people and who we are as a company and what we're doing all the time. Great, yeah, absolutely.

30:58 So Aisha says, great presentation and is wondering, is a Feasibility Study done the same way for Uranium as it is for precious metals, or is there a difference? No, it's actually very similar. You just follow the very same steps and that's something that you'll see. I believe

31:14 Fission Uranium has just announced the starting of their Feasibility Study this summer. If you want to see how that's playing out, have a look at what Fission Uranium is doing. We're actually in the same drill camp this summer with Fission Uranium and getting to know their team even better when we share the same camp, Big Bear Camp in the Clearwater River Denny Nation. It's great for our geologists to both talk back and forth and drill programs, talking back and forth. So listen, I will say there are a lot of great companies and a lot of great people in the Uranium space. We're very fortunate to have a lot of friends in the Uranium space, especially in Saskatchewan. It's a small space. We get to know everyone in this region and we get to know how their programs are going, how the geologists are doing. And I'm really happy to say that we like all the groups we're working with and they're all full with great people and great geologists. So you're not going to be doing yourself any wrong by getting to know all these companies in this region. It's a great place to operate.

32:03 Great. Oz is asking, how deep are the drill holes in each area?

32:08 Perfect. I'll speak specifically to our Davidson River project because that's when we're drilling right now. It's actually the only project that we have drilled in our portfolio project. Right now, we're going to be drilling our holes between probably 300 to 500m in depth, depending on where we are in the topography, we're getting into the basement, which means we're going through the overbirding and we're getting into the basement between probably 75 to 250m. 250m is the deepest before we're into the basement. Most of the projects are probably between 100 to maybe 200. So that's the depth of our project. And that's typically what our dribbles look like. Great, thank you. So Rock is asking, what is the likelihood of you seeking additional funding in the next 6 to 24 months?

32:54 The likelihood is very, very high. We are a junior exploration company. We're always, you know, raising capital and we do need to continue to raise capital. So what you see are, I've showed you that slide with our capital markets, capital market side. We have roughly $2M in the bank right now. This drill program is going to be north of $4M. So we anticipate we will be raising capital probably before the end of this year. I will say we have a very strong relationship with many of our investors, institutional funds, bankers. We don't just start this process when you want to raise money. We're having these conversations all the time. So we've got a very good understanding of what our next capital raise is going to look like, where the funds are coming from, who's leading it and what those terms are going to be. So investors who want to participate in that, please reach out to our VP of Investor Relations, Laurie Thomas, and we will keep you abreast

33:45 when the time comes for our next capital raise. Great, thank you. I'm also wondering how do you navigate COVID protocols in the shared camp? Sorry, can you repeat that Dasha? Yeah, how do you navigate COVID precautions in the shared camp?

34:02 Oh, in the shared camp. Okay, great question. So yes, so we have the Athabasca Basin where we operate specifically in Big Bear Camp. We have very detailed COVID plans and we've had these put in place going back to last summer, prior, not so much this summer, but before we started our winter drill program. So the person who was leading that was our lead technical director, Neil McCallum, and then Sean Hilliker, who our VP of exploration is now. So we work very closely with all the vendors that are involved. We've actually brought an in-house medical team called Onyx who are located in our project site. There is a strict protocol as to when anyone enters the camp they have to be tested if they're not double vaccinated and we also have you know very strict guidelines as to where you wear a mask whenever you go inside, sharing the you know the kitchen area where we have all our meals together. People are separated. They also have different timings of when they can eat. So we do a really good job with that.

34:54 And we've had 0 cases of COVID in our camp for this past 18 months, which is remarkable. So hats off to everybody up at the Big Bear Camp and to our team that's been really remarkable in rolling this out and to our partners with Onyx, who have our first-date attendance right on site all the time. Yeah, that's great. Graham is asking, are you currently fully funded for this year's exploration? Yes, I think we just touched on that. We've got US$2M in the bank right now. The drill program is going to be just north of US$4M most likely. We are not fully funded, but we anticipate those funds will be coming in the near future. Great. Thank you so much. So I know you touched on it, but why is it a good time now to invest in Standard Uranium?

35:42 Oh, thanks, Dash. So as I've mentioned previously, we are pre-discovery. So that means our market cap really reflects that 25M market cap. And we are in the middle of our third drill program, drilling holes from 21M all the way up, hopefully, to close to 40M drill holes. It's an exciting time because with a high-grade Uranium discovery, our share price could have a huge return for our investors. If we look at comparing ourselves to our peers at NextGen and Fission, when they made their discovery holes, their share price went up 10X to 20X, and that was in a bear market. So here we are entering a uranium bull market. And for us to make a high grade discovery, our shareholders will do exceptionally well. So come along. If you haven't invested with us yet, join us. It's a great time. Great. Well, that's a perfect note to leave it on. Thank you so much, John, for taking us through your presentation and answering all of these questions. And thank you everyone who joined us today and submitted these great questions.

36:36 If we didn't get a chance to answer your question or if you think of 1 after, we will be sending out a short survey and you can leave your contact details and the Standard Uranium team will be happy to follow up with you directly. There's also more information on their website, standarduranium.ca, and their contact information on that slide, but I'll pass it back to you, John, for the final word. Thank you very much, Dasha. I wanted to thank you and our partners at 6 for putting this summit together. I do encourage everyone who's watching this presentation to share it with other friends you may have. And also, if you haven't watched any of our corporate videos that really take you behind the scenes of what's happening at our Davidson River Project, please go to our website or go to our YouTube or our Twitter feed. And we're always love to hear back from you, so if you have any questions, please reach out to us and we'll answer those as quick as we can.