Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results

Strathmore Hits 81% Mineralization Rate and Advances Agate Expansion

Strathmore Drilling Confirms Agate Trend Potential While Dilution Risks Linger

By The Northwire Desk — AI Analysis May 05, 2026 · 05:01 SUU · 0.16 Strathmore Plus Uranium Corp.
Executive Summary
  • Strathmore Plus Uranium announced strong results from its Spring 2026 exploration drilling program at the Agate Project in Wyoming on May 5, 2026.
  • The program delineated a new Middle Sand mineralized trend over 2,500 feet and extended the existing Lower Sand trend westward by an additional 1,000 feet.
  • Drilling achieved an 81% mineralization hit rate (39 of 48 holes above cutoff grade), with specific intercepts including 16.0 ft @ 0.071% eU3O8 and 14.5 ft @ 0.063% eU3O8 in the new Middle Sand trend.
  • The company is advancing the submittal of a Plan of Operation (POO) with the US Bureau of Land Management and Wyoming Department of Environmental Quality.
  • A marketing agreement was entered into for $150,000 CAD to support digital services over 12 months.
Material Impact
  • The news confirms expectations set in the April 14, 2026 announcement regarding the commencement of the Spring drilling program.
  • While the hit rate of 81% is robust and validates the project's potential, it falls slightly below the 95% hit rate reported for the 2025 program (Dec 2025 news), suggesting some variability in mineralization continuity.
  • The delineation of a new Middle Sand trend is operationally significant but does not constitute a resource estimate update or major financing event that would fundamentally alter valuation immediately.
  • Given the prior announcement of the drilling campaign and the incremental nature of exploration results, this is categorized as Routine - Positive rather than Material - Positive.
  • The marketing spend ($150k) represents a cash outflow from working capital without immediate revenue generation, adding minor operational cost pressure.
SUU · Price
Company Overview
  • Company: Strathmore Plus Uranium Corp., focused on uranium exploration in Wyoming.
  • Flagship Project: Agate Project located in the Shirley Basin District, adjacent to Cameco and UEC projects and near UR-Energy's producing ISR mine.
  • Project Type: In-situ recovery (ISR) suitable for shallow mineralization (20–150 feet depth).
  • Land Position: 124 wholly owned lode mining claims covering approximately 2,560 acres as of December 2025.
  • Mineralization: Wyoming-type roll fronts within the Eocene Wind River Formation; historical mining in the district totaled 53 million pounds of uranium.
Read the original news release →

More from Strathmore Plus Uranium Corp.

Jun 24, 2026 · 05:01

Strathmore Announces Drilling Plans for Beaver Rim in the Prolific Gas Hills District

Drill Results Jun 16, 2026 · 05:01

Strathmore Expands Agate Project Area as Drilling Program Exceeds Expectations

Drill Results May 20, 2026 · 11:43

Strathmore Confirms 85% Mineralization Hit Rate at Agate

Drill Results Apr 14, 2026 · 05:02

Strathmore Advances Wyoming Drilling Amidst Capital Consolidation and Debt Settlement

Production / Operations Mar 31, 2026 · 05:01

Strathmore Clears $650K Debt via Dilutive Share Issuance as Agate Drilling Resumes

Drill Results Mar 04, 2026 · 16:06

Strathmore Announces Closing Private Placement for Gross Proceeds of $1,100,000

Financings