TSXV: $SUU, OTCQB: $SUUFF
Introducing Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) – a dynamic early-stage uranium exploration company with exceptional promise. With a market capitalization of only $24 million and a tightly held float, it presents an enticing opportunity for both short-term traders and long-term uranium investors. In a world where securing domestic uranium sources is of paramount importance, Strathmore Plus Uranium stands ready to meet the challenge. This company boasts a portfolio of valuable properties, including those with a history of surface uranium production and strategic proximity to industry leader Cameco. Let’s delve into the exciting ventures that define Strathmore Plus Uranium’s future.
Strathmore Plus Uranium (TSXV: SUU) (OTCQB: SUUFF) Key Points:
- Company Overview: Strathmore Plus Uranium is an early-stage uranium exploration company with significant potential. It possesses multiple promising properties, including one with a history of surface uranium production and another adjacent to Cameco, a major uranium company.
- Investment Opportunity: Strathmore Plus Uranium is an attractive investment opportunity due to its asset quality, management team, and share structure. It has a low float and a market capitalization of only $24 million, making it appealing for both short-term traders and long-term uranium investors.
- U.S. Uranium Demand: The United States urgently needs more domestic sources of uranium. With rising tensions between the U.S. and Russia, sanctions on Russian uranium imports are possible, which could significantly impact U.S. nuclear power generation, as it currently relies heavily on imported uranium.
- Price Impact: Potential sanctions on Russian uranium and limited domestic production capabilities create upward pressure on uranium prices. Strathmore Plus Uranium has the potential to become a new domestic source of uranium for the U.S.
- Price of Uranium:

- Assets:
- Night Owl Project: Located in Wyoming, it was a past-producing uranium mine in the 1960s. Strathmore Plus plans to explore this property extensively, including a geophysical survey and drilling to expand known uranium mineralization areas.
- Agate Project: Also in Wyoming, it employs in-situ recovery (ISR) methods for uranium extraction. Strathmore Plus is planning a significant drill program in collaboration with the University of Wyoming to explore this project.
- Beaver Rim Project: Situated near the Gas Hills District, close to Cameco’s Uranium Project, this property has shown multiple zones of uranium mineralization. Strathmore Plus believes there is significant uranium potential here.
- Recent Developments: The company announced a non-brokered private placement to raise CAD $2 million for its 2023 exploration program. Proceeds will primarily fund drilling, geophysical logging, and general working capital.
- Closing Date: The private placement is expected to close around September 18, 2023, subject to regulatory approvals.
- Tight Share Structure:

In summary, Strathmore Plus Uranium offers an enticing investment opportunity in the thriving uranium sector. With a diversified project portfolio, a well-structured private placement to fund exploration activities, and the backdrop of increasing demand for domestic uranium sources in the U.S., the company is positioned for significant growth. Its modest market capitalization and controlled float enhance its appeal, making it an attractive prospect for both short-term traders and long-term investors seeking exposure to the promising uranium market.