– CANADA, Vancouver – Standard Uranium Ltd. and Vela Minerals Ltd. (TSX.V:VLA) are pleased to announce that Garrett Ainsworth and Blair Jordan have agreed to join the board of directors of Standard Uranium following completion of its previously announced acquisition by Vela Minerals.
Garrett recently departed NexGen Energy Ltd where he 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 is currently the Vice President of Corporate Development with Ascent Industries and he recently departed Echelon Wealth Partners where he was the Managing Director of Investment Banking. He has many years of Canadian and international banking experience and his particular expertise is in financing, M&A and go-public transactions.
“Standard Uranium is very pleased to welcome both Garrett and Blair to our team. With Garrett we have added one of the most well respected exploration geologists the Athabasca Basin has ever known and with Blair an expert in financing, M&A and capital markets. We are building a team that has the capacity to make the next great uranium discovery and finance ourselves throughout the process,” stated Jon Bey, Standard Uranium’s President and CEO.
As previously announced on April 19, 2018, Vela Minerals has entered into an agreement to acquire Standard Uranium, expected to be completed later this summer and subject to the satisfaction of customary closing conditions.
About Standard Uranium
Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia, and established under the Canada Business Corporations Act. Since its establishment, Standard Uranium has focused on the development of prospective exploration stage uranium projects in the Athabasca Basin.
Standard Uranium currently holds the rights to acquire the Davidson River Project, which is presently owned by Jody Dahrouge and 877384 Alberta Ltd. The Property is the largest private land holding in the southwest part of the Athabasca Basin, Saskatchewan, comprising 65,000 acres. The Property is highly prospective for basement hosted Uranium deposits, yet remains virtually unexplored despite its proximity to recent high-grade Uranium discoveries. Standard Uranium has recently completed geophysical work on the Property and is planning a further summer exploration program. In connection with the Transaction, and as required by the Exchange, Standard Uranium has commissioned a geological report on the Property.
For more information : http://www.standarduranium.ca
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