Drilling to start shortly: Excellent entry opportunity at Strathmore Plus Uranium. Uranium company still with favorable valuation

Uranium investments on the stock market with excellent start to the year: low valuation of Strathmore Plus Uranium offers excellent entry opportunity for newcomers.


Strathmore Plus Uranium Corp ("Strathmore Plus" or the "Company") (WKN: A3DQAW - ISIN: CA86308P1027), a mineral exploration company headquartered in Kelowna, BC, Canada, and with a flagship uranium project in Wyoming, USA, announced a few weeks ago that the Company has increased its strategic land position at the prospective Night Owl project by 300%.  

This has put the company in an excellent position in the uranium sector, which is just starting to boom again, and its focus on the US state of Wyoming should benefit greatly from the renaissance of nuclear power in the US and Asia. Wyoming is America's leading uranium producer with uranium production to date in excess of 250 million pounds.

As is well known, the USA is currently working more intensively on an independent energy supply using its own uranium, for example from Wyoming. The aim is to eliminate the country's heavy dependence on Russian nuclear fuel and to provide massive support for the domestic uranium industry.

Focus on Wyoming pays off

Strathmore Plus is an interesting uranium explorer in this context, focusing on uranium deposits in the state of Wyoming. The company's highly concentrated portfolio includes three projects in the Shirley Basin area. This region in the US state of Wyoming is known for large uranium deposits.

In addition to the Agate and Beaver Rim projects, the uranium explorer's primary focus is on its flagship Night Owl uranium project. This is a former uranium mine whose potential has already been confirmed by the company's own soil samples. Night Owl produced at a grade of 0.24% U3O8 in the 1950/1960s. Strathmore was able to demonstrate uranium grades of up to 0.38% U3O8 in its own samples in 2022, arguing for the use of the proven In-Situ Leaching (ISL) or heap leaching process.

With the anticipated next exploration step, a dedicated drilling program at Night Owl, Strathmore will be able to realize the full potential of the deposit and further enhance shareholder value for investors. Further exploration and drilling at Night Owl is expected this summer: Geophysical surveys at Night Owl are expected to be completed and prospective drill targets defined this spring.

For an overview of drill results to date at Night Owl, please click here: https://www.investor-files.com/content/Strathmore_Night_Owl_Table_c20ac9acab.png.

Like Night Owl, the Agate and Beaver Rim permit areas are also amenable to in-situ recovery (ISL) based on historical drilling data. Night Owl is expected to be a near-surface conventional mine with off-site processing via heap leach.

Strathmore previously received an exploration permit for the Beaver Rim project in October and expects to receive both exploration and drilling permits for Night Owl and Agate shortly.

The current boom is only at the beginning, uranium demand will continue to rise

The company is listed on the Canadian TSX Venture Exchange and is also tradable on the German stock exchanges. For investors, Strathmore Plus Uranium could become interesting right now, because it is becoming increasingly clear that the world needs to switch to clean energy and end its dependence on oil. North American uranium mining in particular is on the verge of a multi-billion dollar upswing in the face of geopolitical crises.

Strathmore Plus, with its focus on Wyoming, therefore enjoys various locational advantages that have already helped the uranium explorer's stock attract increased attention. With only around 34 million shares outstanding and a still low market value of most recently CAD 17 million, Strathmore is one of the top performers in the field of uranium explorers. Since the beginning of the year alone, the share price has risen by around 60 percent.

So one should not hesitate any longer, because Strathmore Plus Uranium (WKN: A3DQAW ; ISIN: CA86308P1027), with only a few outstanding shares, is likely to continue its impressive price development and bring attractive returns to profit-oriented investors.

About Strathmore Plus Uranium Corp.

Strathmore Plus is a uranium exploration company focused on in-situ mineable uranium deposits in the state of Wyoming. Strathmore has 3 projects: Agate, Beaver Rim and Night Owl. The former Night Owl uranium producing property historically produced 93 tonnes grading 0.24% U3O8, with deposits mined at or near surface in the late 1950s to early 1960s. U3O8 mining at Night Owl was discontinued not due to lack of resources, but due to low uranium prices ($7/lb U3O8 at the time).

In December 2022, Strathmore acquired additional adjacent claims because they cover the same geological formations and results of geophysical surveys indicate many additional and impressive areas of radiometric anomalies similar to the Night Owl mine site. The acquisitions have expanded Strathmore's on-site strategic land position by 300%, as there is further potential for high-grade uranium deposits on the margins of Nigth Owl and beyond.

Night Owl is located in Albany/Carbon Counties, Wyoming, approximately 40 miles southeast of the town of Casper. Other uranium companies in the Shirley Basin area include Cameco, enCore, UEC and Ur Energy.

More information about the company can also be found at https://akt.ie/strathmore.


Disclaimer

This report is part of an advertising campaign for the company Strathmore Plus and is primarily intended for experienced and speculative investors. Under no circumstances should this publication be construed as independent financial analysis or investment advice, as there are significant conflicts of interest (see below). Unless otherwise indicated, the prices and valuations stated in this report are daily closing prices on the last trading day prior to the respective publication.

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In addition, it should be noted that Strathmore Plus Uranium Corp. is listed in the highest conceivable risk class for shares. The company may not yet have any sales and is in an early stage of development, which promises high profits, but can also be risky. The company's financial situation is still in deficit, which significantly increases the risks. Any capital increases that become necessary could also lead to short-term dilution effects, which could be to the detriment of investors. If the company does not succeed in tapping further sources of finance in the next few years, it could even face insolvency and delisting.

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