Strathmore Plus Energy Stock Price, News & Analysis

Strathmore Plus Uranium Corp. (OTCQB: SUUFF) is a uranium exploration company with projects in the State of Wyoming in the United States. According to the company’s public disclosures, Strathmore is focused on discovering uranium deposits in Wyoming and holds three permitted uranium projects named Agate, Beaver Rim, and Night Owl.

The company’s projects are described as uranium-bearing properties with characteristics typical of Wyoming-type roll front deposits. Strathmore reports that the Agate and Beaver Rim properties contain uranium mineralization in these roll front systems based on historical and, in some cases, recent drilling data. The Night Owl property is identified as a former producing surface mine that was in production in the early 1960s.

Agate Project

The Agate project is located in the Shirley Basin Uranium District of central Wyoming. Company news releases state that the property consists of wholly owned lode mining claims covering an area measured in the thousands of acres. Uranium mineralization at Agate is reported to be contained in classic Wyoming-type roll fronts within the Eocene Wind River Formation, described as an arkosic-rich sandstone. Strathmore indicates that the uranium mineralization is shallow, generally from about 20 to approximately 150 feet deep, with much of it appearing below the water table and considered by the company to be potentially amenable to in-situ recovery methods.

Strathmore has disclosed that historical work at Agate included drilling by Kerr-McGee Corporation in the 1970s, with at least 650 holes drilled across the project area and several targets of potential mineralization delineated. More recently, Strathmore reports completing hundreds of exploration holes at Agate over multiple seasons, including the installation of monitor wells for groundwater studies and the recovery of core for chemical assays and analysis by the University of Wyoming. The company has also reported extending mineralized trends in both lower and middle sand units and staking additional mining claims to expand the project area.

Beaver Rim Project

The Beaver Rim project is another Wyoming uranium exploration property held by Strathmore. Company disclosures describe Beaver Rim as consisting of wholly owned mining claims totaling several thousand acres. The project area has a history of exploration by other uranium companies, including American Nuclear, Cameco, and Strathmore Minerals. Strathmore states that uranium mineralization at Beaver Rim is contained in stacked, Wyoming-type roll front deposits within arkosic-rich sandstones of the Eocene-age Wind River Formation.

In a detailed news release, Strathmore reported drilling at Beaver Rim that encountered uranium mineralization in newly identified roll fronts on the South Sage claim group. The company notes that the targeted host sandstone, referred to as the Puddle Springs Arkose member of the Eocene Wind River Formation, was tested and described as a quartzite and feldspar-rich coarse sandstone with lesser mudstones. Based on these results, Strathmore has stated that it considers the Beaver Rim area to be a viable uranium exploration target and has indicated plans for continued exploration.

Night Owl Project

The Night Owl project is described by Strathmore as a former producing surface uranium mine in Wyoming. Company materials state that Night Owl was in production in the early 1960s. Strathmore includes Night Owl among its three permitted uranium projects in the state, alongside Agate and Beaver Rim.

Exploration Focus and Technical Oversight

Across its projects, Strathmore emphasizes exploration drilling, geological modeling of roll front systems, and the use of geophysical and groundwater studies. At Agate, the company has highlighted collaboration with the University of Wyoming on geophysical and groundwater research, including studies aimed at understanding host sands, aquifer conditions, and uranium mineralization. Strathmore also notes that technical information in several of its news releases has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by a Qualified Person as defined by that instrument.

Strathmore’s public communications describe ongoing and planned exploration activities such as step-out drilling to extend mineralized trends, core drilling for chemical assays and equilibrium studies, and the preparation of technical reports and potential mineral resource estimates based on drilling and historical data. The company also reports corporate actions such as private placements, equity incentive grants, and stock option changes in connection with funding exploration and corporate operations.

Trading and Jurisdictions

Strathmore Plus Uranium Corp. is identified in company news as trading on multiple markets, including the OTCQB in the United States under the symbol SUUFF and on Canadian exchanges under symbols such as SUU. The company’s projects are situated in Wyoming uranium districts that have a history of uranium production, including the Shirley Basin and Gas Hills areas, as referenced in its news releases.

Key Project Characteristics

• Three permitted uranium projects in Wyoming: Agate, Beaver Rim, and Night Owl.
• Agate and Beaver Rim properties described as hosting uranium mineralization in Wyoming-type roll front deposits within the Eocene Wind River Formation.
• Night Owl identified as a former producing surface uranium mine from the early 1960s.
• Extensive historical drilling by prior operators on some properties, supplemented by Strathmore’s recent drilling campaigns.
• Use of geophysical logging, groundwater monitoring, and academic research partnerships to support exploration.

Investor Considerations

According to its public disclosures, Strathmore Plus Uranium is focused on exploration rather than production and is working to define and expand areas of uranium mineralization on its Wyoming properties. The company communicates that it uses private placements and other equity-related transactions to fund exploration and working capital. Its news releases frequently include cautionary statements regarding forward-looking information, reflecting the inherent uncertainties in mineral exploration and project development.