Strathmore Plus Uranium (TSXV:SUU) and Ur-Energy sign working agreement

• Strathmore (SUU) has signed a Confidentiality and Non-Disclosure Agreement (CNDA) with Ur-Energy regarding several projects
• The agreement seeks to evaluate ways to advance the Strathmore’s Agate, Beaver Rim, and Night Owl projects
• The goal is to assess the feasibility of a negotiated business transaction for future processing of uranium from Strathmore’s Wyoming projects at Ur-Energy’s nearby facilities
• Strathmore Plus Uranium (SUU) opened trading at $0.54 per share

Strathmore (SUU) has signed a Confidentiality and Non-Disclosure Agreement (CNDA) with Ur-Energy regarding several projects.

The agreement seeks to evaluate ways to advance the Strathmore’s Agate, Beaver Rim, and Night Owl projects.

The goal is to assess the feasibility of a negotiated business transaction for future processing of uranium from Strathmore’s Wyoming projects at Ur-Energy’s nearby facilities. These include Ur-Energy’s operating Lost Creek and permitted Shirley Basin projects, which are fully licensed for in-situ recovery, mill processing, and tailings disposal.

Strathmore expects shorter lead times for development and production of its projects by building upon Ur-Energy’s expertise in permitting and the future utilization of their fully licensed facilities.

Ur-Energy has successfully permitted, constructed, and operated the Lost Creek in-situ recovery project in Wyoming, where they have produced 1.2 million kg of U₃O₈ since 2006. Ur-Energy’s Gas Hills project is 4 km north of Strathmore’s West Diamond claim group atop Beaver Rim. The former Pathfinder Gas Hill mines produced 21.7 million kg of U₃O₈.

Strathmore is a uranium exploration company focused on in-situ recoverable uranium deposits in Wyoming.

Strathmore Plus Uranium (SUU) opened trading at $0.54 per share.