FAQ

Strathmore Plus Uranium Corp. is a Wyoming-focused uranium exploration company holding three projects: Agate, Beaver Rim and Night Owl. All three sit in established Wyoming uranium districts, and the company is targeting deposits amenable to in-situ recovery rather than conventional mining. Strathmore Plus is an explorer, not a producer, and has no mine in operation.

Shares trade on the Canadian Securities Exchange under SUU and in the United States over the counter under SUUFF. The company previously traded on the TSX Venture Exchange before delisting there and listing on the CSE.

Three projects, all in Wyoming and all at exploration stage. Agate is the most advanced, an in-situ recovery prospect in the Shirley Basin uranium district covering 85 lode claims. Beaver Rim is a larger, earlier-stage land position of 265 claims across 5,475 acres in the Gas Hills area of central Wyoming. Night Owl is a former producing uranium mine, also in the Shirley Basin. Project pages are at https://strathmoreplus.com/projects/

Agate is the flagship, a potential in-situ recovery project in the Shirley Basin uranium district of Wyoming lying south of Cameco ground and bordering Uranium Energy Corp properties. It covers 85 mining claims over roughly 1,756 acres. Kerr-McGee Corp. historically drilled up to 650 holes across the area in the 1970s, which is why Strathmore had a detailed picture before it started. Mineralization is shallow, from 15 to 150 feet, and much of it sits below the water table, which is what makes ISR potentially viable. Grades in the historical data range from 0.02% to 0.14% eU3O8.

Two hundred exploration holes have been completed to date, and 93% of them hit uranium mineralization at depths of 80 to 150 feet, confirming the historical gamma data. The 2024 program of 100 holes tripled the mineralized trend to 3,700 feet. Individual highlights include 15 feet of 0.116% eU3O8 from 82.5 feet in hole AG-200-24, 16 feet of 0.067% eU3O8 from 87.5 feet in AG-162-24, and 7.5 feet of 0.128% eU3O8 from 103.5 feet in AG-175-24. Five piezometer wells were also completed for groundwater testing.

In-situ recovery dissolves uranium underground and pumps the solution to surface, rather than digging rock out and milling it. It needs specific conditions: mineralization below the water table, in porous and permeable sandstone that fluid can move through. Agate is being tested against exactly those criteria, which is why the water table depth and the porosity of the host sand matter as much as the grade does. ISR is lower cost and lower footprint than conventional mining, and it is how most Wyoming uranium is produced today.

Beaver Rim is the largest land position, 265 lode mining claims covering 5,475 acres in central Wyoming, immediately south of Cameco’s Gas Hills ground. Strathmore staked it over areas that earlier drilling had flagged as prospective. The company describes it as under-explored, with potential for stacked roll fronts, and began a summer drill program there in 2026.

Night Owl is a former producing uranium mine in the Shirley Basin, mined at surface with a backhoe by Night Owl Properties and Battle Axe Mining in the late 1950s and early 1960s. It produced 93 tons at a grade of 0.24% U3O8 under contract to the Atomic Energy Commission, and production stopped when the uranium price fell to $7, not because the resource ran out. Mineralization sits in a brecciated zone beneath the contact between Shirley Basin sediments and the Madison limestone below. Surface samples returned uranium concentrations between 0.189% and 0.326%, though drilling to date has not found abundant mineralization down hole.

No. None of the three projects carries a mineral resource estimate. Agate is the most advanced and the company announced in August 2026 that it is prioritising mineral resource development there, which is the step that would produce one. Until that work is complete, the drill results are exploration data rather than a defined resource.

Wyoming is one of the largest uranium producing states in the United States. Drilling costs there run significantly cheaper than in Canada’s Athabasca Basin, largely because the targets are shallow rather than deep. That difference compounds across a 200-hole program. The state also has an established regulatory path and a working ISR industry, so the permitting and operating model is well understood rather than novel.

The Shirley Basin in Wyoming produced more than 51 million pounds of uranium from the 1960s through the 1990s. Two of Strathmore’s three projects, Agate and Night Owl, sit within it. Other companies active in the area include Cameco, enCore Energy, Uranium Energy Corp and Ur-Energy, which is a reasonable indication of how the district is regarded.

Strathmore Plus and Ur-Energy have entered into a working agreement. Ur-Energy is an established uranium producer with operations in Wyoming, and Ur-Energy chief executive John Cash has publicly discussed the arrangement. The press release announcing it sets out the terms.

Strathmore has teamed with the University of Wyoming on the Agate and Night Owl projects. The work has applied new geophysics techniques to pinpoint roll front targets at Agate, which the company described as a break-through in its announcement. Roll fronts are notoriously difficult to locate precisely, so better targeting translates directly into fewer wasted holes.

Dev Randhawa is Chairman and Chief Executive Officer. He is also chief executive and chairman of F3 Uranium Corp, and previously founded and led Fission Energy, Fission Uranium and Strathmore Minerals. Ryan Cheung is Chief Financial Officer and a member of the Chartered Professional Accountants of British Columbia. Terrence Osier is Vice President of Exploration, a professional geologist with 20 years in uranium who was lead geologist for Strathmore Minerals in Wyoming from 2004 to 2013. John DeJoia, P.Geo., is a co-founder, technical advisor and director who oversaw close to 20 million pounds of uranium production in the Shirley Basin during his time at Utah International. Full biographies are at https://strathmoreplus.com/about/

News releases are published at https://strathmoreplus.com/investors/press-releases/ and financial reports sit in the same Investors section. As a Canadian Securities Exchange issuer, Strathmore Plus also files its continuous disclosure on SEDAR+.

Strathmore Plus is based in Kelowna, British Columbia, which is where its news releases are datelined. The contact page carries enquiry details and a subscription form for investor updates. Investor questions go through the same route as general enquiries.