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The latest update is out from Strathmore Plus Energy ( (TSE:SUU) ).
Strathmore Plus Uranium Corporation has expanded its Agate Project by acquiring 15 additional lode mining claims, bringing the total to 100 claims over approximately 2,067 acres. The expansion is based on historical drilling data indicating shallow uranium mineralization, and the company plans further exploration in 2025 to enhance its resource base. The 2025 exploration plan aims to link discrete deposits and expand mineralization into a multi-zone deposit, potentially leading to a future in-situ recovery mine. This development positions Strathmore to strengthen its foothold in the uranium industry, with implications for increased resource estimates and potential economic benefits.
More about Strathmore Plus Energy
Strathmore Plus Uranium Corporation operates in the uranium mining industry, focusing on exploration and development projects. The company is primarily engaged in expanding its uranium resource base, with a significant presence in the Shirley Basin Uranium District, a prolific area for uranium extraction in the United States.
Average Trading Volume: 119,043
Technical Sentiment Signal: Sell
Current Market Cap: C$6.85M
Learn more about SUU stock on TipRanks’ Stock Analysis page.