- Strathmore Plus Energy Corp. (SUU.H) acquires uranium mining claims by purchasing Wyoming Uranium LLC.
- Historical and recent reports suggest 50-100 million pounds of uranium resources remain in the claims’ district
- It is anticipated the significant discovery potential is in the less explored areas to the south, in the Beaver Rim area
- Strathmore Plus intends to permit the properties for exploratory drilling this summer
- Strathmore Plus Energy Corp. (SUU.H) is up 5.17 per cent and is trading at $0.30 as of 11:59 p.m. EST
Strathmore Plus Energy Corp. (SUU.H) has acquired 131 uranium mining claims by purchasing Wyoming Uranium LLC.
The group of claims are in the Gas Hills Uranium District, which is the primary uranium mining area in Wyoming.
The agreement includes payment of US$25,000 and the issuance of 750,000 shares of Strathmore Plus.
Past production from the Gas Hills exceeded 100 million pounds of uranium.
Historical and recent reports suggest 50-100 million pounds of uranium resources remain in the Gas Hills.
It is anticipated the significant discovery potential is in the less explored areas to the south, in the Beaver Rim area.
The new Beaver Rim Project totals 2,706 acres and lies directly south of the Gas Hills District.
The claims were strategically located in areas considered as highly prospective for uranium mineralization.
The claim groups are adjacent to and south of Cameco’s Gas Hills Uranium Project that is fully permitted for in-situ recovery.
A portion of Cameco’s property also extends atop Beaver Rim, where previous drilling delineated their Peach deposits.
Previous exploration on Beaver Rim discovered uranium mineralization on several of the claims acquired under the purchase agreement.
Strathmore Plus intends to permit the properties for exploratory drilling this summer.
Strathmore Plus Energy Corp. (SUU.H) is up 5.17 per cent and is trading at $0.30 as of 11:59 p.m. EST.