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EQS-News News vom 14.02.2023

Drilling to start shortly: Excellent entry opportunity at Strathmore Plus Uranium. Uranium company still with favorable valuation

Issuer: Dot.news Finanzmedien Ltd. / Key word(s): Drilling Result/Research Update
14.02.2023 / 15:50 CET/CEST
The issuer is solely responsible for the content of this announcement.

Uranium investments on the stock market with excellent start to the year: low valuation of Strathmore Plus Uranium offers excellent entry opportunity for newcomers.


Strathmore Plus Uranium Corp ("Strathmore Plus" or the "Company") (WKN: A3DQAW - ISIN: CA86308P1027), a mineral exploration company headquartered in Kelowna, BC, Canada, and with a flagship uranium project in Wyoming, USA, announced a few weeks ago that the Company has increased its strategic land position at the prospective Night Owl project by 300%.  

This has put the company in an excellent position in the uranium sector, which is just starting to boom again, and its focus on the US state of Wyoming should benefit greatly from the renaissance of nuclear power in the US and Asia. Wyoming is America's leading uranium producer with uranium production to date in excess of 250 million pounds.

As is well known, the USA is currently working more intensively on an independent energy supply using its own uranium, for example from Wyoming. The aim is to eliminate the country's heavy dependence on Russian nuclear fuel and to provide massive support for the domestic uranium industry.

Focus on Wyoming pays off

Strathmore Plus is an interesting uranium explorer in this context, focusing on uranium deposits in the state of Wyoming. The company's highly concentrated portfolio includes three projects in the Shirley Basin area. This region in the US state of Wyoming is known for large uranium deposits.

In addition to the Agate and Beaver Rim projects, the uranium explorer's primary focus is on its flagship Night Owl uranium project. This is a former uranium mine whose potential has already been confirmed by the company's own soil samples. Night Owl produced at a grade of 0.24% U3O8 in the 1950/1960s. Strathmore was able to demonstrate uranium grades of up to 0.38% U3O8 in its own samples in 2022, arguing for the use of the proven In-Situ Leaching (ISL) or heap leaching process.

With the anticipated next exploration step, a dedicated drilling program at Night Owl, Strathmore will be able to realize the full potential of the deposit and further enhance shareholder value for investors. Further exploration and drilling at Night Owl is expected this summer: Geophysical surveys at Night Owl are expected to be completed and prospective drill targets defined this spring.

For an overview of drill results to date at Night Owl, please click here: https://www.investor-files.com/content/Strathmore_Night_Owl_Table_c20ac9acab.png.

Like Night Owl, the Agate and Beaver Rim permit areas are also amenable to in-situ recovery (ISL) based on historical drilling data. Night Owl is expected to be a near-surface conventional mine with off-site processing via heap leach.

Strathmore previously received an exploration permit for the Beaver Rim project in October and expects to receive both exploration and drilling permits for Night Owl and Agate shortly.

The current boom is only at the beginning, uranium demand will continue to rise

The company is listed on the Canadian TSX Venture Exchange and is also tradable on the German stock exchanges. For investors, Strathmore Plus Uranium could become interesting right now, because it is becoming increasingly clear that the world needs to switch to clean energy and end its dependence on oil. North American uranium mining in particular is on the verge of a multi-billion dollar upswing in the face of geopolitical crises.

Strathmore Plus, with its focus on Wyoming, therefore enjoys various locational advantages that have already helped the uranium explorer's stock attract increased attention. With only around 34 million shares outstanding and a still low market value of most recently CAD 17 million, Strathmore is one of the top performers in the field of uranium explorers. Since the beginning of the year alone, the share price has risen by around 60 percent.

So one should not hesitate any longer, because Strathmore Plus Uranium (WKN: A3DQAW ; ISIN: CA86308P1027), with only a few outstanding shares, is likely to continue its impressive price development and bring attractive returns to profit-oriented investors.

About Strathmore Plus Uranium Corp.

Strathmore Plus is a uranium exploration company focused on in-situ mineable uranium deposits in the state of Wyoming. Strathmore has 3 projects: Agate, Beaver Rim and Night Owl. The former Night Owl uranium producing property historically produced 93 tonnes grading 0.24% U3O8, with deposits mined at or near surface in the late 1950s to early 1960s. U3O8 mining at Night Owl was discontinued not due to lack of resources, but due to low uranium prices ($7/lb U3O8 at the time).

In December 2022, Strathmore acquired additional adjacent claims because they cover the same geological formations and results of geophysical surveys indicate many additional and impressive areas of radiometric anomalies similar to the Night Owl mine site. The acquisitions have expanded Strathmore's on-site strategic land position by 300%, as there is further potential for high-grade uranium deposits on the margins of Nigth Owl and beyond.

Night Owl is located in Albany/Carbon Counties, Wyoming, approximately 40 miles southeast of the town of Casper. Other uranium companies in the Shirley Basin area include Cameco, enCore, UEC and Ur Energy.

More information about the company can also be found at https://akt.ie/strathmore.


Disclaimer

This report is part of an advertising campaign for the company Strathmore Plus and is primarily intended for experienced and speculative investors. Under no circumstances should this publication be construed as independent financial analysis or investment advice, as there are significant conflicts of interest (see below). Unless otherwise indicated, the prices and valuations stated in this report are daily closing prices on the last trading day prior to the respective publication.

The author of this publication, which is not independent, and Dot.news Finanzmedien Ltd. are paid by the company for publishing analyses of the company. This remuneration is neither directly linked to financial transactions nor to stock exchange turnover of the company's share.

In addition, it should be noted that Strathmore Plus Uranium Corp. is listed in the highest conceivable risk class for shares. The company may not yet have any sales and is in an early stage of development, which promises high profits, but can also be risky. The company's financial situation is still in deficit, which significantly increases the risks. Any capital increases that become necessary could also lead to short-term dilution effects, which could be to the detriment of investors. If the company does not succeed in tapping further sources of finance in the next few years, it could even face insolvency and delisting.

Important Important information and mandatory disclosures pursuant to Section 86 of the German Securities Trading Act (WpHG) and the German Financial Investments Ordinance (FinAnV):

Notice regarding existing conflicts of interest: The author of this publication and persons associated with him hold shares in the recommended company. In addition, financial contributions are made to the publisher and the editors for the preparation of this recommendation. The publisher and persons associated with him expressly state that they intend to execute sell orders in the relevant stock within the scope and at any time of the recommendation.

All information published in this news is based on careful research. The information does not constitute an offer to sell, or a solicitation of an offer to buy or sell, any of the stocks and securities discussed. The information is based on sources that the publisher considers to be trustworthy. Nevertheless, no liability can be assumed for the accuracy of the content. Therefore, liability for financial losses that may result from the use of the information for one's own investment decision is categorically excluded.

Conventional valuation approaches are often difficult to apply meaningfully to young companies or companies that have not yet generated sales. Therefore, when valuing such companies, we tend to rely on the potential analysis we have calculated, as well as the assessment of the demand for such shares on the capital market. Ultimately, the market decides on the share price of a company. If, due to extensive recommendations of a share, an excessive demand for it arises, it is possible that the share price will rise above average with a high trading volume. Although this leads to extreme profit opportunities, it correspondingly increases the risk of a bubble forming with a corresponding decline in the share price. The increased volatility of the share in such situations results in above-average profit and loss opportunities up to total loss, both in both trading directions and in the event of recurring counter-movements. Such market developments are also an important part of our trading recommendations and valuation approaches. This publication deals exclusively with above-average volatile stocks with high profit and also loss potential.

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