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Strathmore's goal is to become a leading uranium producer in the United States. Strathmore has been a uranium company since 1996 and executed a property acquisition strategy in 2003-04 when the uranium price was between US $7-15 per pound. The Company acquired advanced uranium projects in the two largest historical uranium producing regions in the United States: the Gas Hills Uranium District in Wyoming and the Grants Mineral District in New Mexico. Operations offices were opened in Riverton, Wyoming and Santa Fe, New Mexico in 2005. Projects were reviewed and prioritized and permitting efforts were initiated.
Two core uranium development projects are advancing towards production: the Gas Hills and Roca Honda in New Mexico. The Company holds 100% of the Gas Hills, Wyoming Project. In 2007, the Roca Honda, New Mexico project was joint ventured with Sumitomo Corp of Japan.
A third advanced project, Reno Creek-Pine Tree, is being sold to Bayswater for $30MM in a transaction that is expected to close by the end of 2009.
From the 10/27/09 press release on the Roca Honda mine permit application:
David Miller, Strathmore's CEO summarized, "The Company believes that Roca Honda is one of the best and highest grade undeveloped uranium deposits in the United States. Strathmore is excited to participate in the revitalization of the largest uranium district in the world in the 20th Century: the Grants Uranium Belt. The proposed Roca Honda mine will provide many high paying jobs in the region, and a new source of tax revenues for New Mexico.
In this new era, Grants will supply the United States and the world with carbon free electricity for generations to come. With the broader national issues of energy self sufficiency, alternative energy, and climate change making daily headlines, it is significant to point out that the proposed Roca Honda development represents a needed progression toward energy self-sufficiency, while contributing to a future reduction in green house gas emissions. Strathmore's employees and consultants, in co-operation with the New Mexico Government, citizens of Grants, the state regulatory agencies, and the US Forest Service are to be commended for their combined efforts in advancing the Roca Honda project to this stage.
Since 2006, when permitting began, Strathmore has remained committed to the orderly and environmentally sound development of the Roca Honda project. This permit application submission marks a major step toward achieving our overall corporate goal of becoming a leading uranium producer in the United States."
O/S Options: 5,882,000
O/S Warrants: n/a
Fully Diluted: 78,340,911
Strathmore Minerals web site
Strathmore Corporate Presentation - 2009
Strathmore Minerals Corp: The True Super Uranium Junior by Mickey Fulp
Jay Taylor interview with Strathmore CEO David Miller
CertainRuin blog on Strathmore
Uranium Stocks board
Charts and Images
Strathmore - weekly chart
Gas Hills Roll Front
Gas Hills Map
Gas Hills - George Ver Deposit
New Mexico Properties
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