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Summary
Strathmore Minerals Corp. (Strathmore) is a Canada-based mineral exploration company. It is principally engaged in the acquisition, exploration, and development of uranium resource properties in the US. The company finances its exploration and development activities through equity financing, joint ventures and option agreements. Strathmore has approximately 78,800 acres of prospective uranium producing lands in the U.S., with 80% in Wyoming and 20% in New Mexico. The company’s Wyoming properties include Gas Hills, Juniper Ridge, Sky Project, Copper Mountain and Shirley basin. Its New Mexico properties include Roca Honda project, Dalton Pass, Nose Rock, Marquez property and Church Rock property. The company is headquartered in Vancouver, British Columbia, Canada.
In April 2010, the company sold the Pine Tree-Reno Creek properties to Bayswater Uranium Corporation for $30m value, of which US $17.5 million was received in cash and US $ 2.5 in common shares of the acquiring company and it retains a 5 % production royalty valued at US $10m. In addition, the company also has plans to sell its Juniper Ridge property to Crosshair Exploration and Mining Corp for cash and shares.
Strathmore Minerals Corp. Key Recent Developments
Jan 06, 2012: Strathmore Announces Update On Status Of Gas Hills And Church Rock Technical Reports
Dec 06, 2011: Strathmore Provides Update On Securities Commission Review Of Gas Hills and Church Rock Technical Reports
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