Strathmore Expands Agate Project - Boosting Resource Prospects | SUUFF Stock News

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May 27, 2025
  • Strathmore Plus Uranium (SUUFF, Financial) expands Agate Project with 15 new mining claims, totaling 100 claims over ~2,067 acres.
  • 90% success rate in 200 exploration holes, with significant discoveries at shallow depths.
  • University of Wyoming supports exploration with $320,000 in geophysical research funding.

Strathmore Plus Uranium (SUUFF) has expanded its Agate Project in the Shirley Basin Uranium District by adding 15 lode mining claims, increasing the project to a total of 100 claims over approximately 2,067 acres. This strategic expansion aims to enhance the project's mineral resource potential.

The Agate Project stands out with a high success rate in uranium exploration. Out of 200 exploration holes drilled, 90% have encountered mineralization. Among the noteworthy findings are a new zone of shallow mineralization, with hole AG-143-24 intersecting 14 feet of 0.046% eU₃O₈ and hole AG-147-24 indicating 15.5 feet of 0.051% eU₃O₈.

The company's 2025 exploration plan includes up to 100 permitted drill sites and five core holes for groundwater studies. The goal is to link existing deposits into a multi-zone deposit and prepare for a comprehensive mineral resource assessment.

In a collaboration aimed at enhancing exploration efficacy, the University of Wyoming is conducting geophysical research at the site with $320,000 in grants. This research will use advanced methods to detect uranium roll fronts and potentially monitor their movement in future in-situ mining developments.

Strathmore Plus Uranium remains committed to growing its resource base in the prolific Shirley Basin, with plans to continue aggressive exploration and development efforts through 2025 and beyond.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.