Business
Strathmore Signs Working Agreement with Ur-Energy
Kelowna, British Columbia--(Newsfile Corp. - April 3, 2023) - Strathmore Plus Uranium Corporatio...
About this update from Strathmore Plus Uranium Corp.
[{"type":"text","content":"Strathmore Signs Working Agreement with Ur-EnergyKelowna, British Columbia--(Newsfile Corp. - April 3, 2023) - Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) (\"Strathmore\" or \"the Company\") is pleased to announce the execution of a Confidentiality and Non-Disclosure Agreement (CNDA) with Ur-Energy to evaluate ways to advance the Company's Agate, Beaver Rim, and Night Owl projects. The goal of the agreement is to assess the feasibility of a negotiated business transaction for future processing of uranium from Strathmore's Wyoming projects at Ur-Energy's nearby facilities. These include Ur-Energy's operating Lost Creek and permitted Shirley Basin projects, which are fully licensed for in-situ recovery, mill processing, and tailings disposal. Strathmore anticipates shorter lead times for development and production of our projects by building upon Ur-Energy's expertise in permitting and the future utilization of their fully licensed facilities.Dev Randhawa, CEO commented, \"We would like to thank Ur-Energy's CEO, John Cash and his team for completing the CNDA agreement and are very excited to be working with John and his strong technical group.\"About Ur-EnergySince 2006, Ur-Energy has successfully permitted, constructed, and operated the Lost Creek in-situ recovery project in Wyoming, where they have produced 2.7 million pounds of U3O8. Ur-Energy is currently ramping up recovery at their Lost Creek operation. Strathmore's projects are within 100 miles of Ur-Energy's Lost Creek processing facility.In 2013, Ur-Energy acquired the Wyoming assets of Pathfinder Mines (a wholly-owned subsidiary of Areva, now Orano) including their Shirley Basin and Gas Hill projects. The former Pathfinder Shirley Basin mines produced approximately 28 million pounds of U3O8. The Ur-Energy Shirley Basin project is fully permitted for in-situ recovery, either as a satellite operation to Lost Creek, or a stand-alone processing operation, and also a fully permitted tailings facility that accepts 11e (2) by-product materials, one of a limited number of such facilities in the USA. Strathmore's Agate and Night Owl properties are both less than 10 miles from Ur-Energy's Shirley Basin project. Ur-Energy's Gas Hills project is located 2.5 miles north of Strathmore's West Diamond claim group atop Beaver Rim. The former Pathfinder Gas Hill...