STOCK TITAN

STRATHMORE PLUS URANIUM - SUUFF STOCK NEWS

Welcome to our dedicated page for STRATHMORE PLUS URANIUM news (Ticker: SUUFF), a resource for investors and traders seeking the latest updates and insights on STRATHMORE PLUS URANIUM stock.

Strathmore Plus Uranium Corporation (SUUFF) is a Canadian company based in Kelowna, British Columbia, with three fully permitted uranium projects in Wyoming: Agate, Beaver Rim, and Night Owl. The company recently closed a private placement, raising $1,419,550 through the issuance of units. They have entered debt settlement agreements with insiders and consultants to settle outstanding debts. The proceeds from the offering will be used for working capital and further exploration of their Wyoming properties. Strathmore Plus Uranium Corp. plans a 200-hole drill program for Agate in 2024 and has announced intentions to list its common shares on the Canadian Securities Exchange (CSE) and delist them from the TSX Venture Exchange. They have also staked 15 new mining claims adjacent to their existing claims at Agate. The company's Agate property consists of 52 lode mining claims covering 1,075 acres, with uranium mineralization contained in Wyoming-type roll fronts within the Eocene Wind River Formation.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.14%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.06%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.6%
Tags
none
Rhea-AI Summary

Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) has announced a new uranium discovery in the Middle sand, one mile south of their expanding northern trend at the Agate Project in Shirley Basin. Previous drilling had only encountered uranium in the Lower sand. The Middle sand was historically the most prolific producer in the area.

Key highlights:

  • The southern discovery shows increasing grades and above-average thickness
  • Five core holes are planned for groundwater studies and geophysical research
  • Phase 2 drilling of 100 exploratory holes is scheduled for autumn
  • The company aims to expand mineralization into a multi-zone deposit with potential stacked roll fronts

This discovery opens up potential for a larger area of mineralization development in an additional sand unit of the Wind River Formation, similar to the main roll system successfully mined to the east.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
none
-
Rhea-AI Summary

Strathmore Plus Uranium (TSX: SUU, OTCQB: SUUFF) announced a significant extension in the mineralized trend at its Agate project in Wyoming. The Phase 1 drilling, encompassing 100 exploration holes, extended the Lower sand's northern trend to 3,700 feet in length. Notable results included 7.5 feet of 0.128% eU3O8 from 103.5-110.0 feet, 15 feet of 0.116% eU3O8 from 82.5-97.5 feet, and 16 feet of 0.067% eU3O8 from 87.5-103.5 feet. Five piezometer wells were completed for groundwater testing, with additional core recovery planned for the summer. The drilling also discovered shallow mineralization in the Middle sand, which has historically produced most of the uranium in the Shirley Basin district. The project area has been expanded by staking 18 new mining claims, bringing the total to 85 claims.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
Tags
none
-
Rhea-AI Summary

Strathmore Plus Uranium (TSXV: SUU, OTCQB: SUUFF) has appointed Mr. Marion Loomis to its Board of Directors. Mr. Loomis brings a wealth of experience with 38 years at the Wyoming Mining Association, where he served as both Assistant Executive Director and Executive Director. He has played a vital role in reducing uranium severance tax from 41% to 0% in 1989, now at 4%. A University of Wyoming Geology graduate, Loomis has been instrumental in advocating for mining industries in Wyoming. His extensive network and expertise in mining policy are expected to significantly benefit Strathmore.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Strathmore Plus Uranium has announced interim drilling results from Phase 1 of its 2024 exploration at the Agate project in Shirley Basin. Key findings include mineralization in 57 out of 60 holes, with significant intercepts such as 11 feet of 0.079% eU3O8. The northern mineralized front has been extended by 600 feet, now totaling over 1,800 feet. New shallow mineralization was discovered a mile south in the Middle 'A' sand. Additional drilling aims to extend the northern front and explore the Middle 'A' sand further. The company also staked 15 new mining claims and plans to include them in Phase 2 drilling. The University of Wyoming is conducting a study using various geophysical methods to assist in future uranium discoveries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
-
News
Rhea-AI Summary

Strathmore Plus Uranium (TSXV: SUU, OTCQB: SUUFF) has begun its 2024 exploration drilling program at the 100% owned Agate Project, starting June 6. This follows successful 2023 finds, such as hole AG-10-23 with 16 feet of 0.081% eU3O8 and hole AG-16-23 with 21 feet of 0.089% eU3O8. The new spring drill program aims to explore additional mineralization on the property.

Strathmore has received approval to drill 200 more holes totaling 30,000 feet and has posted a reclamation bond. They will also install monitor wells for groundwater tests. Initial targets are set one mile south of 2023 drill sites. Historical data from Kerr McGee Corp indicates potential uranium mineralization in Wyoming-type roll front deposits.

Mr. Jeremy Wiebe is transitioning from the Board of Directors to the Advisory Board due to new professional obligations, while development continues on the Agate Project.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
Tags
none
-
Rhea-AI Summary
Strathmore Plus Uranium (SUUFF) announces its intention to list its common shares on the Canadian Securities Exchange (CSE) and to delist from the TSX Venture Exchange (TSXV). Additionally, the company has closed debt settlement agreements, exchanging $95,000 in debt for 190,000 common shares, with 105,000 shares issued to insiders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.23%
Tags
none
Rhea-AI Summary
Strathmore Plus Uranium (SUUFF) plans a 200-hole drill program in 2024 for Agate after successful uranium mineralization discovery in 2023. The company aims to extend the discovered roll front into untested ground and collaborate with UR-Energy for operational efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.44%
Tags
none

FAQ

What is the current stock price of STRATHMORE PLUS URANIUM (SUUFF)?

The current stock price of STRATHMORE PLUS URANIUM (SUUFF) is $0.191 as of October 15, 2024.

What is the market cap of STRATHMORE PLUS URANIUM (SUUFF)?

The market cap of STRATHMORE PLUS URANIUM (SUUFF) is approximately 9.1M.

Where is Strathmore Plus Uranium Corporation based?

Strathmore Plus Uranium Corporation is based in Kelowna, British Columbia, Canada.

What are the core projects of Strathmore Plus Uranium Corp.?

The company's core projects include Agate, Beaver Rim, and Night Owl, all fully permitted uranium projects in Wyoming.

What recent financial activities has the company undertaken?

Strathmore recently closed a private placement, raising $1,419,550 through the issuance of units. They have also entered debt settlement agreements to settle outstanding debts.

How does Strathmore plan to utilize the proceeds from the offering?

The proceeds from the offering will be used for working capital and further exploration of the company's Wyoming properties, including drilling, soil sampling, and geophysics.

What drilling plans does Strathmore have for 2024?

The company plans a 200-hole drill program for Agate in 2024, totaling 30,000 feet of drilling.

What are the recent corporate actions of Strathmore Plus Uranium Corp.?

Strathmore intends to list its common shares on the Canadian Securities Exchange (CSE) and delist them from the TSX Venture Exchange. They have also staked 15 new mining claims adjacent to their existing claims at Agate.

What is the geological composition of the Agate property?

The Agate property consists of 52 lode mining claims covering 1,075 acres, with uranium mineralization contained in Wyoming-type roll fronts within the Eocene Wind River Formation.

Who is overseeing the exploration activities at Strathmore Plus Uranium Corp.?

Mr. Terrence Osier, PG, VP Exploration for Strathmore, is the supervising Geologist overseeing the drilling activities.

What partnerships does Strathmore have for drilling activities?

The drilling is being completed by Single Water Services utilizing a mud-rotary rig and the geophysical logging by Hawkins CBM Logging, the same contractors as utilized in the 2023 drill season.

What are the expansion plans for the Agate project?

In addition to exploration, the company has expanded the project area by staking 15 new mining claims contiguous to the current claim group, covering ground anticipated to be on trend with recent and historical drilling.

STRATHMORE PLUS URANIUM

OTC:SUUFF

SUUFF Rankings

SUUFF Stock Data

9.06M
37.80M
15.94%
Uranium
Energy
Link
United States of America
Kelowna