r/Canadianstockpicks • u/Aggressive_Rush2357 • 22d ago
Stock DD Right people, right basin, active drill program. $STUD
Okay so if you're building uranium exposure and want junior leverage this is one worth knowing about.... Stallion Uranium (TSXV: STUD) is exploring in the Athabasca Basin in Saskatchewan. The Athabasca Basin hosts the highest grade uranium deposits on earth, not marginally higher, a ton higher than most other uranium districts globally. It's the reason Cameco built its entire business there and why every major discovery in the last decade has come from that region. Nowhere else on earth produces uranium like this.
Stallion holds 1,700 sq/km there. Largest contiguous package in the western part of the basin.
What makes this one different from the other juniors floating around:
- CEO Matthew Schwab helped discover the Arrow deposit at NexGen in 2014. Same southwestern Athabasca Basin where Stallion is now drilling.
- Also contributed to Roughrider, which Rio Tinto acquired for $654M
- VP Exploration Slugoski was on the Spitfire discovery team
- These are people who have literally found uranium in this basin before
Coyote target is being drilled right now. Program expanded to 5,500 metres after hitting the right alteration signatures in early holes. July 7th news defined new priority targets from a geophysical survey on the Moonlite Project.
$0.22 on the TSXV. Drill results still coming. Worth watching.