Strathmore Plus Energy (SUUFF) Stock News

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.

Strathmore Uranium Corp (TSXV: SUU) (OTCQB: SUUFF) has announced its participation in Red Cloud's 2024 Fall Mining Showcase in Toronto. The event will take place on October 16 & 17, 2024, at the Sheraton Centre Toronto Hotel. Dev Randhawa, Chairman & CEO of Strathmore Uranium, is scheduled to present on October 17th at 4:00 PM Eastern Standard time.

The company invites shareholders and interested parties to attend the conference. Registration details can be found on the Red Cloud Financial Services website. For additional information, interested parties can contact Jamie Bannerman, Corporate Development, at 2508686553 or jamie@rdcapital.com.

Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) has commenced drilling at its Beaver Rim Project in Wyoming. The company has doubled the project size by staking 134 new mining claims, bringing the total to 265 claims covering 5,475 acres. The drilling permit allows for 10,000 feet of exploration, aimed at confirming historical results and extending mineralization.

John DeJoia, Director of Strathmore, expressed excitement about exploring Beaver Rim, which he has been anticipating since his time as Chief Geologist for Federal American Partners in the 1980s. He noted that the Gas Hills district, immediately north of Beaver Rim, historically contained an estimated 47 million pounds of uranium.

The company has also refiled a technical report on the Beaver Rim project to Sedar, dated May 31, 2022. An updated report is planned following the completion of the autumn exploration program.

Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) has received the final Drill Notice permit from Wyoming to conduct exploratory drilling at the Beaver Rim project in the Gas Hills Uranium District. The permit allows for 10,000 feet of drilling, set to begin on September 16th. The company aims to confirm historical results and extend mineralization into sparsely explored areas.

VP Exploration Terrence Osier expressed excitement about the project, citing previous drilling experience at Beaver Rim in 2012. The area features stacked roll-fronts at depths of 700 to 1,000 feet, with multiple targets across the properties. The company has contracted Lou's Drilling of Riverton and Hawkins CBM Logging of Cody for the exploration campaign, with plans to build on the results in 2025 and beyond.