19:16:10 EDT Mon 17 Jun 2024
Enter Symbol
or Name

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Stallion Uranium Corp
Symbol STUD
Shares Issued 110,631,286
Close 2024-01-09 C$ 0.215
Market Cap C$ 23,785,726
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Stallion Uranium appoints Schwab as technical adviser

2024-01-10 09:46 ET - News Release

Mr. Drew Zimmerman reports


Stallion Uranium Corp. has appointed Matthew Schwab as technical adviser to its board of advisers.

Mr. Schwab is an acclaimed exploration geologist located in Saskatoon, Sask., where his work over the past decade has contributed to the discovery and development of multiple significant uranium deposits. Mr. Schwab is currently the chief executive officer of Kraken Energy Corp., a United States-focused uranium exploration and development company. In 2014, while Mr. Schwab was the senior exploration geologist at NexGen Energy Ltd., he was instrumental in the discovery of the Arrow uranium deposit located in the southwestern Athabasca basin. Mr. Schwab was also a member of the Hathor Exploration Ltd. development team and contributed to the sale of the Roughrider deposit to Rio Tinto for $654-million in 2012. Prior roles also include being co-founder and senior vice-president of Axiom Exploration Group Ltd., and former president, senior adviser and founder of multiple successful private mineral exploration and E&P (exploration and production) consulting firms in Canadian mining and petroleum industries.

"With the growing interest and demand for uranium worldwide, Stallion's strategic land position in the Athabasca basin and their team of accomplished industry experts makes for a strong combination in pursuing new high-grade uranium discoveries in Northern Saskatchewan," stated Mr. Schwab. "I'm honoured by the opportunity to assist their current team of experienced professionals as the company moves towards achieving that goal."

"We are incredibly excited to have Matt Schwab join the Stallion team. As we progress our exploration of the largest land package in the southwestern Athabasca basin, adding the expertise and experience of Mr. Schwab, who contributed to the discovery of NexGen's Arrow deposit, is a tremendous resource for our team as we work to make the next significant uranium discovery," commented Drew Zimmerman, CEO of Stallion Uranium.

Further, the company has granted an aggregate 900,000 incentive stock options to officers, directors and consultants of the company. The options are exercisable at 25 cents per share for a period of five years from the date of grant, of which a portion are subject to vesting provisions. All options are subject to a hold period of four months and one day. The options have been granted under and are governed by the terms of the company's incentive stock option plan.

About Stallion Uranium Corp.

Stallion Uranium is working to fuel the future with uranium through the exploration of over 3,000 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company holds the largest contiguous project in the western Athabasca basin adjacent to multiple high-grade discovery zones.

The company's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.

Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world-class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.

We seek Safe Harbor.

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