The Assay Podcast - Where mining meets capital
The Assay Podcast, powered by 121 Group, brings you inside the conversations shaping the mining and investment market. Across the series, you’ll hear from CEOs, investors and sector leaders through company updates, executive interviews and live panel discussions recorded at leading industry events. Often captured in the room, at the centre of the action, the podcast brings you not just what’s being said, but what the market is really thinking. This is where insight, opportunity and capital come together.
Our first episode will go live from 121 Investment London on May 11th.
The Assay Podcast - Where mining meets capital
Inside the Investment Case: Standard Uranium
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A concise investor-focused conversation with Standard Uranium, exploring the company’s project portfolio, key milestones, and what differentiates its uranium strategy in a market shaped by rising nuclear demand and supply constraints.
Featuring: Jon Bey, CEO of Standard Uranium.
Guest Host: Anna Proske, Apaton Media.
Recorded live at 121 Mining Investment London, May 2026.
You're listening to the Assay podcast where mining meets capital, powered by one-to-one mining investment. Today we are coming live from our event in London. Please note, this podcast is for information only and isn't financial advice or recommendation to invest. As always, the views you'll hear are those of the speakers.
SPEAKER_03Welcome to Insight the Investment Case here at the 121 Mining Investment in London. I'm Anna Proske with Abertson Media, your guest host here today. And with me is John Day. He's CEO and German of Standard Uranium. John has been building this company since 2017 in one of the world's most prolific uranium districts. This is a very exciting story, and the timer of the interview couldn't be more fitting. Standard Uranium is in the final countdown to its first drill program at Davidson River since 2022. Quite a bit of time. Eight years of work, the most advanced geophysics ever used in the Southwest Athabasca, and two drill rigs ready to go. John, welcome. It's wonderful having you here.
SPEAKER_00Thank you very much to be here. Nice to be here. Yes.
SPEAKER_03Yes. Give us a quick rundown about you and the company. What is it that you're doing? And what where are you at at the journey in the journey right now?
SPEAKER_00Well, thanks for asking. So as you mentioned, we started this company back in 2017. We built the company around our flagship Davidson River program. We're going back there again this summer. Actually, drills are spinning in about three weeks. End of May? End of May, yes. We've got one drill rig there. The next one's on the way. Our geos head up there at the end of May. And uh it's a very exciting time for our shareholders. We're also waiting for assay results to come back. We drilled two of our um JV projects, our Corvo and the Rocus, and those results will be back file in about two months. So we've got assays coming, we've got drill rig starting, and Davidson River is exciting. Can't wait to start drilling.
SPEAKER_03Amazing. Nuclear energy is having a comeback. Um so why is it the right time that investors should look at you?
SPEAKER_00Well, Standard Uranium, we're pure uranium exploration in the Athabasca Basin, one of the greatest places in the world for exploration in uranium. It's really important to know that our Davidson River project sits right across the street from Next Gen Energy's Aero, Rook One project, which just got its final permit to begin building that mine and mill. So that's really exciting because that whole region, the southwest corner of the Athabasca Basin, is going to be probably the hottest district in the world for uranium exploration. And we all know that uranium is a is the input fuel for nuclear reactors. The reactor build out across this world is staggering at how fast it's going. And the demand for uranium is just staggering right now.
SPEAKER_03Amazing. You just mentioned there are in that area, there are thousands of explorers in the uranium field. Why is it still that investors should look at you and invest in your company?
SPEAKER_00I think getting to know standard right now is uh it's a great time because, first of all, we're going back to start a drill program in a few weeks. This Davidson River project has got massive potential. It has been uh sitting there waiting for us to come back for four years. We've did some exceptional uh geophysical work to really identify new drill targets. So we worked with the company of Australia called Fleet Space, and they've done this multi-physics, which is a combination of some passive seismic as well as gravity, giving us the gravity footprint, which we didn't have before. So now we're having that gravity to overlay on top of the conductors we had before. And we're going back to drill really specific drilling. You know, our market cap is $15 million Canadian. We are surrounded by billion-dollar companies from NextGen to Paladin to your to uh, you know, Orano and Camiko and Denison. Those are all billion-dollar companies, and we get this beautiful land package that's ready to be drilled. And with an exploration success there, you know, the share price will take off by the multiples.
SPEAKER_03That sounds great. That's what we want. Exactly. So we talked about that you're gonna start drilling on the 31st of May. What milestones are they in the next six to 12 months that you want to hit?
SPEAKER_00Yeah. So first of all, the biggest one is Davidson River. So drills will start spinning. They're gonna be drilling all through the summer. So June, July, August. Uh, watch for that drill results and usually it's come up from that. On top of that, we'll get the assay results back from Corvo and Rocus. And on top of that, we're under CA with the number of companies to do JV deals on future projects. So we have a portfolio of 10 projects on the Athabasca basin. Many of those are under JV deals and about to be under JV deals. So that's great news flow, great opportunity to get more exploration programs going, uh, more shots on goal, as they say, for opportunities to have success.
SPEAKER_03Amazing. So, as if an investor has heard about and believes in nuclear and uranium, but has never heard of standard uranium, what would you tell that investor?
SPEAKER_00I would say, first of all, start to do some research in the space, start to find what companies you like. Look at the Athabasca Basin. There's some great projects there, great companies, everything from full-on producers, from Chemical to near-term, next-gen companies like us, uh, standard uranium, early stage exploration, high risk, high reward. But if you make a discovery on a project in this region, your share price can really take off. And that's what Standard Uranium is offering new shareholders: the opportunity for drilling a Davidson River, plus access to our other projects that we're exploring as well. Go on to our website, check out our videos, learn more about Standard Uranium, and reach out to us, talk to us. Our team is always happy to answer questions, hop on the phone, uh, give you some information to learn about the company.
SPEAKER_03Amazing. So, one big question or topic that's on everybody's list right now is risk management. And as an early stage program uh or project, you have to think about that. And I guess investors would want to know what do you do to manage risk?
SPEAKER_00I'd say the biggest risks for a company like ours are number one, do you have the capital to explore the projects you want to do? Do you have agreements in place with your First Nations partners? That's essential. I can proudly say we've got great relationships with our First Nations partners. We sign exploration agreements on all our projects before we start working them. Uh the other part is you have to have proper vendors. Do you have drill companies that know what they're doing, helicopter companies, camps to stay at? We manage all those. We've got uh all our permits in place on our projects, great vendors to work with First Nations agreements, and we have the capital now to explore Davidson River. And we've got uh more people offering us cash to double the size of that program right now. So stay tuned for news on that.
SPEAKER_03Amazing, love that. And um, we said you didn't drill since 2022 in Davidson River. What kept you so patient? Why are you starting now?
SPEAKER_00Oh, great question. So we get asked that a lot. And the simple answer is in 2022, after we finished our drill program, a few things were happening. Uh capital was hard to raise for a junior exploration company was one of the reasons. The other thing was a company called Sprat came in and created a fund called the Sput Fund. And what that did was um their goal was to suck up all the uranium off the spot market. And that actually caused the price of uranium to go from $50 a pound up to $110. That led to a staking rush and a whole bunch of companies heading into the Athabasca Basin wanting to be uranium companies. Now, for us, because we had 10 projects, we transitioned quickly to a project generator business. So we spent two years actually building out our project generator business, signing five deals, getting those projects going. And our geos were tied up working on multiple projects in the background while we were focusing on geophysics and new techniques to go back and drill Davidson. So we weren't letting it sit. We were working behind the scenes, but at the same time drilling other projects.
SPEAKER_02Interesting. So you were always there, always moving.
SPEAKER_00Oh, yes. And look, Davidson River, we built the company around that's our that's our home run potential. We love that project. Our investors love it, and people have been waiting for us to get back and drill it again.
SPEAKER_03Thank you, John. Standard Uranium is one of those companies where everything is converging at exactly the right moment. Eight years of work, the most advanced geophysics ever used in the Southwest Athabasca. Two drill rigs heading to side on May 31st. And we're really looking forward to what's there to come. Thank you, John. I'm Anna Proske here at One to One Mining Conference in London. Thank you very much.
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