Strathmore Plus Energy Corp Stock Price, News & Analysis

Strathmore (CSE: SUU / OTCQB: SUUFF) expanded its Agate Project in the Shirley Basin, Wyoming, by staking an additional 24 claims, bringing its total to 124 claims (~2,560 acres). In 2025 the company completed 45 drill holes (including 5 cored holes) with management citing 95% of holes intersecting mineralization. Drilling extended the northern lower-sand trend >1,200 ft east and the southern middle-sand trend ~500 ft. Plans for 2026 include assays of 2025 core, a technical report, and converting a Drill Notice to a Plan of Operation to allow expanded disturbance and additional drilling.

Strathmore Plus Uranium Corporation (OTCQB: SUUFF) granted an aggregate of 1,000,000 restricted share units (RSUs) to executives, officers, directors and consultants under its Equity Incentive Plan.

Per the grant: 1/4 of RSUs vest three months after the grant date, all RSUs expire December 31, 2029, and each vested RSU converts to one common share. The company also issued 1,000,000 options to a service provider exercisable for three years at an exercise price of $0.24 per share, with the Options vesting in quarterly portions (1/4) each three months subject to the Equity Incentive Plan.

Strathmore Plus Uranium (OTCQB: SUUFF) has announced significant progress in its Phase 1 drilling program at the Agate project in Wyoming's Shirley Basin Uranium District. The company successfully extended the Middle Sand's southern trend to over 1,300 feet in length, adding more than 500 feet of mineralization.

Key drilling highlights include hole AG-224-25 with 14.0 ft of 0.071% eU3O8 and AG-245-25 core with 19.5 ft @ 0.040% eU3O8. The northern trend now extends over 5,200 feet in length and remains open-ended. The company completed 45 holes and recovered core samples from 5 holes within both Middle and Lower sands, with notable results including hole AG-244-25 core showing 23.5 ft of 0.076% eU3O8.

Strathmore Plus Uranium (OTCQB: SUUFF) has announced significant progress in its Phase 1 drilling program at the Agate project, extending uranium mineralization by 1,200 feet east along the Lower sand's northern trend, reaching a total length of over 4,900 feet.

The highlight of the drilling program includes hole AG-205-25, which yielded 15.5 feet of 0.045% eU3O8, including a high-grade intercept of 10 feet with 0.061% eU3O8. The exploration targets the Eocene Wind River Formation, known for high porosity and permeability. The company plans to conduct core drilling in five holes and will use the results to guide Phase 2 drilling scheduled for autumn 2025.

Strathmore Plus Uranium (OTCQB: SUUFF) has announced its 2025 Exploration Plan for the Agate Project in Wyoming's Shirley Basin Uranium District, set to commence in early August. The company made a significant discovery in 2024, finding new shallow uranium mineralization one mile south of the northern trend, with notable intercepts including 14 feet of 0.046% eU3O8 and 15.5 feet of 0.051% eU3O8.

The company has permits for up to 150 drill sites, including five core holes for groundwater studies. Strathmore has already completed 200 exploration holes with a remarkable 90% mineralization hit rate. The company plans to complete a mineral resource estimate and technical report during winter 2025/2026.

Strathmore Plus Uranium (SUUFF) has completed a non-brokered private placement, raising $665,741 through the issuance of 5,547,842 units at $0.12 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.15 per share for 36 months. The proceeds will fund general working capital and exploration activities at the company's Wyoming uranium properties. Company insiders participated in the offering, subscribing for $38,000 worth of units. The company paid $2,880 in finder's fees and all securities are subject to a four-month hold period. Additionally, Strathmore has engaged Phenom Ventures for a six-month marketing campaign starting June 17, 2025, for USD $175,000 to enhance investor awareness.

Strathmore Plus Uranium Corporation (SUUFF) has announced a non-brokered private placement offering to raise up to $1 million through the sale of 8,333,334 units at C$0.12 per unit. Each unit includes one common share and one purchase warrant, with warrants exercisable at $0.15 per share for 36 months. The proceeds will fund working capital and exploration of the company's Wyoming properties. The offering includes a four-month hold period on securities, and insiders are expected to participate. While insider participation constitutes a related party transaction under MI 61-101, it's expected to be exempt from formal valuation and minority shareholder approval requirements. The closing is subject to receiving subscriptions and regulatory approval.

Strathmore Plus Uranium (SUUFF) has expanded its Agate Project by adding 15 lode mining claims, bringing the total to 100 claims covering ~2,067 acres. Located in the Shirley Basin Uranium District, the project has shown promising results with 90% of 200 exploration holes hitting mineralization. Notable discoveries include a new zone of shallow mineralization with intersections of 14 feet of 0.046% eU₃O₈ and 15.5 feet of 0.051% eU₃O₈. The company's 2025 exploration plan includes up to 100 permitted drill sites and five core holes for groundwater studies. The University of Wyoming is conducting geophysical research at the site, supported by $320,000 in grants, to detect and image uranium roll fronts.

Strathmore Plus Uranium announced successful drilling results at its Beaver Rim project, discovering two uranium roll fronts. Notable intercepts include 7.5 feet grading 0.042% eU3O8 (hole BR-03-24) and 4.5 feet grading 0.024% eU3O8 (hole BR-01-24). The project, located 1-3 miles south of Cameco's Gas Hills project, confirmed the presence of uranium-bearing Puddle Springs Arkose member sediments, varying in thickness from 130-170 feet. The drilling program validated the company's geological model, identifying mineralization above grade cutoff in two holes, with a third hole showing above-background gamma levels. Strathmore plans to continue exploration in 2025.