Northwire Canada EditionMonday, November 2, 2026
Sign inSubscribe
Northwire
⌕
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%
Production / Operations

Strathmore Continues to Advance Agate Project with Spring Drilling Program

Strathmore Advances Wyoming Drilling Amidst Capital Consolidation and Debt Settlement

By The Northwire Desk — AI Analysis Apr 14, 2026 · 05:02 SUU · 0.145 Strathmore Plus Uranium Corp.
Executive Summary
  • Strathmore Plus Uranium Corporation commenced exploration drilling at the Agate Project in central Wyoming on April 13, 2026.
  • The Spring 2026 program intends to drill up to 50 holes targeting mineralization previously identified between 2023 and 2025.
  • The project is being developed as a potential in-situ recovery (ISR) operation.
  • Historical performance shows over 250 drill holes completed with mineralization intersected in 95% of those holes.
  • Property specifications include 124 wholly owned lode mining claims covering approximately 2,560 acres.
  • Mineralization is shallow, ranging from 20 to approximately 150 feet deep within the Eocene Wind River Formation.
  • The company retained Single Water Services for drilling and Hawkins CBM Logging for geophysical logging.
Material Impact
  • The news confirms a previously announced operational milestone; the March 31, 2026 release stated drilling would commence during the week of April 13, making this update expected rather than surprising.
  • No new assay results are included in this specific release, as assay data from 20 cored intervals submitted in 2025 is still anticipated mid-April according to prior guidance.
  • The current share price ($0.14) trades below the debt settlement deemed price of $0.20 and the recent private placement price of $0.15, indicating market skepticism despite operational progress.
  • There is no material change in capital structure or strategic direction compared to the March 31 announcement regarding debt settlement and financing.
  • The confirmation of drilling commencement validates execution capability but does not yet de-risk the project without assay data.
SUU · Price
Company Overview
  • Company: Strathmore Plus Uranium Corporation (SUU).
  • Flagship Project: Agate Project, located in the Shirley Basin Uranium District, Wyoming.
  • Project Type: Potential In-Situ Recovery (ISR) operation targeting roll-front uranium mineralization.
  • Location: Borders Cameco and UEC projects; near UR-Energy's satellite ISR mine scheduled for startup Spring 2026.
  • Geology: Uranium mineralization found in Wyoming-type roll fronts within the Eocene Wind River Formation (arkosic-rich sandstone).
  • Depth: Shallow mineralization ranging from 20 to approximately 150 feet deep, suitable for ISR techniques.
  • Historical Context: Historically, 53 million pounds of uranium were mined in the Shirley Basin; company has completed over 250 drill holes with a 95% hit rate on mineralization.
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 May 05, 2026 · 05:01

Strathmore Drilling Confirms Agate Trend Potential While Dilution Risks Linger

Drill Results 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