Strathmore Expands Agate Project Area as Drilling Program Exceeds Expectations

Executive Summary

• Strathmore Plus Uranium Corporation staked 9 new lode mineral claims (186 acres) at its flagship Agate project in Wyoming's Shirley Basin Uranium Mining District.
• The claim staking follows successful drilling at hole AG-292-26, which expanded known mineralization and confirmed a new uranium trend in the Middle Sand extending over 2,500 feet.
• The company plans to continue acquiring adjacent lands to explore for potential connections to the major historical mining district to the east.

Key Details

• New Claims Staked: 9 lode mineral claims totaling 186 acres, located to the east of drill hole AG-292-26.
• Drill Intercept: Hole AG-292-26 encountered 14.5 feet of 0.063% eU3O8 from 81.5 to 96 feet deep.
• Mineralization Trend: The drill hole was positioned along the eastern project boundary, confirming a new uranium trend in the middle sand extending over 2,500 feet in length.
• Property Size & Composition: The Agate property consists of 124 wholly owned lode mining claims covering approximately 2,560 acres.
• Geology: Uranium mineralization is hosted in classic Wyoming-type roll fronts within the Eocene Wind River Formation (arkosic-rich sandstone), with shallow depths ranging from 20 to ~150 feet, much of which is below the water table and potentially amenable to in-situ recovery (ISR).
• Historical Context: The Shirley Basin has historically produced 53 million pounds of uranium. The Agate property flanks projects held by Cameco and UEC and lies near UR-Energy's ISR mine, which began production in April 2026.
• Drilling Program: Strathmore has completed 294 drill holes across the 2023-26 programs, including the installation of five monitor wells for groundwater studies and core recovery for chemical assays and XRF analysis at the University of Wyoming.
• Future Exploration: Management is conducting an ongoing review of available adjacent lands for acquisition to expand exploration and potentially discover a mineralization channel connecting to the major mining district to the east.

Notable Quotes

• John DeJoia, P.Geo., Strathmore Director: "With the latest development of significant mineralization in the Middle Sand of our Agate property, our position takes on a very serious look. As has been stated in past News Releases, the largest historical production in SB has been in the Middle Sand. With this recent Middle Sand exploration success, Strathmore's Agate property takes on a potential mineralization multiplier. I look forward to acquiring more land and hopefully finding the mineralization channel that connects to the major mining district to the east."