Strathmore Achieves Major Exploration Success at Agate Uranium Project

Kelowna, British Columbia — Strathmore Plus Uranium Corporation has announced highly encouraging uranium assay results from its Agate Project located in Wyoming’s renowned Shirley Basin District. The company confirmed that more than 85% of its 294 drill holes encountered uranium mineralization, marking a significant milestone for the expanding exploration program.

The Agate Project is strategically positioned beside properties owned by major uranium companies including Cameco and UEC, while also sitting near UR-Energy’s recently operational in-situ recovery (ISR) uranium mine.

Exploration Program Continues to Deliver Positive Results

According to Strathmore, the latest drilling and assay campaign focused on analyzing uranium-bearing core samples obtained during exploration activities. The company partnered with the University of Wyoming through its Geophysical Grant Study, which aims to improve the understanding of uranium roll-front deposits and identify new exploration targets.

The study has already produced valuable geological data. Researchers found that magnetic and gravity surveys can effectively help locate uranium roll fronts within the basin. Strathmore believes these findings strongly support future drilling plans across the Agate property.

Dev Randhawa, CEO of Strathmore Plus Uranium, stated that the company intends to continue expanding the mineralized zones and eventually develop a formal resource estimate once enough drilling data has been collected.

Core Assays Reveal Strong Uranium Grades

The recovered core samples were analyzed by Pace Analytical in Sheridan, Wyoming. The accredited laboratory used induced-coupled-plasma (ICP) spectroscopy to determine uranium concentrations.

The latest assay results from 20 core samples confirmed uranium mineralization across multiple drill holes and highlighted the growing potential of the Agate Project as a future ISR mining operation.

Highlights from Lower Sand Trend Drilling

One of the standout drill holes, AG-244-25, targeted the main roll-front trend in the lower sand unit. The hole returned a gamma interval measuring 23.5 feet grading 0.076% eU3O8 between 79.5 and 103 feet.

Several intervals within the core delivered notable uranium concentrations:

• 89.8–92 feet: 0.1040% U3O8
• 96.4–98.8 feet: 0.1250% U3O8
• 108.6–110 feet: 0.1203% U3O8

Another hole, AG-242-25, drilled in the oxidized limb area behind the roll front, also showed uranium mineralization despite logging challenges during drilling operations.

Middle Sand Trend Expands Mineralized Footprint

Strathmore also reported positive results from the middle sand trend, further supporting the potential scale of the Agate deposit.

Drill hole AG-243-25 returned several mineralized intervals, including:

• 0.0356% U3O8 over 2 feet
• 0.0190% U3O8 over 1.5 feet
• 0.0100% U3O8 over 2.5 feet

Meanwhile, drill hole AG-245-25 intersected a broader gamma interval measuring 19.5 feet grading 0.04% eU3O8 from 26 to 45.5 feet.

These results continue to demonstrate strong continuity within the uranium-bearing roll-front system.

Agate Project Positioned for Future ISR Uranium Production

The Agate Project currently consists of approximately 124 wholly owned mining claims covering 2,560 acres. Uranium mineralization occurs within classic Wyoming-style roll-front deposits hosted in the Eocene Wind River Formation.

The mineralized zones are relatively shallow, generally ranging from 20 to 150 feet deep, making them potentially suitable for low-cost in-situ recovery mining. ISR mining is considered one of the most environmentally efficient uranium extraction methods because it minimizes surface disturbance.

Historically, Wyoming’s Shirley Basin has produced around 53 million pounds of uranium, making it one of the most productive uranium regions in the United States.

University Partnership Enhances Geological Understanding

As part of its collaboration with the University of Wyoming, Strathmore provided core samples from holes drilled near monitoring wells. Researchers are using these samples to study the geophysical characteristics of various mineralized environments within roll-front systems.

The project aims to identify electromagnetic signatures associated with uranium-bearing zones, potentially improving exploration efficiency in future drilling campaigns.

The company noted that results from the university’s geophysical research are already helping define priority targets for upcoming exploration work.

Permitting and Expansion Plans Underway

Strathmore is now advancing environmental and permitting work required for expanded drilling operations across the broader project area.

The company has hired contractors to complete:

• Floral surveys
• Wildlife studies
• Archaeological assessments
• Groundwater monitoring programs

These activities are necessary to support the submission of a formal Plan of Operation to both federal and state regulators.

Future drilling is expected to further expand the lower sand and northern middle sand uranium trends discovered during recent exploration programs.

Growing Importance of Uranium in Global Energy Markets

The latest discovery comes at a time when global demand for uranium continues to rise due to increasing interest in nuclear energy as a clean-energy solution.

Countries around the world are investing heavily in nuclear infrastructure to reduce carbon emissions and strengthen energy security. As a result, uranium exploration companies such as Strathmore are attracting growing investor attention.

Wyoming remains one of the top uranium-producing regions in the United States because of its established mining history, favorable geology, and ISR-friendly deposits.

Qualified Technical Review Completed

The technical information included in the announcement was reviewed and approved by Terrence A. Osier, P.Geo., Vice President of Exploration for Strathmore Plus Uranium Corp. and a Qualified Person under National Instrument 43-101 standards.

The company emphasized that all gamma log results were calibrated using Department of Energy standards in Casper, Wyoming. However, Strathmore also cautioned that equivalent uranium grades may differ from actual uranium concentrations due to possible disequilibrium effects.

Strong Momentum for Strathmore’s Uranium Portfolio

In addition to the Agate Project, Strathmore controls two other permitted uranium projects in Wyoming: Beaver Rim and Night Owl.

The company continues to focus on expanding its uranium resource base as the global uranium market strengthens amid rising long-term demand for nuclear power generation.

With an 85% mineralization hit rate and expanding uranium trends, the Agate Project is emerging as one of the more promising ISR-focused uranium exploration projects in Wyoming.

Source: Newsfile Corp and company disclosures.

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