Strathmore Prioritizes Agate Project Mineral Resource Development

About this update from Strathmore Plus Uranium Corp.

Kelowna, British Columbia--(Newsfile Corp. - August 4, 2026) - Strathmore Plus Uranium Corporation (CSE: SUU) (OTCQB: SUUFF) (FSE: TO3) ("Strathmore" or "the Company") is pleased to announce plans to advance the Agate uranium project in Wyoming's prolific Shirley Basin District, which is home to the newest constructed and operated ISR operation in the state of Wyoming. Agate sits adjacent to projects held by Cameco and UEC and lies 5 miles from UR-Energy's newly built satellite in-situ recovery (ISR) operation. Mineralization at Agate is shallow (20-150 feet), largely below the water table, and ideally suited for low-cost ISR recovery. With escalating drilling, labor, and reclamation costs, Strathmore will concentrate on mineral defining efforts and development at its Agate property. With UR Energy now in production mode nearby, we hope that by concentrating work at Agate, we will be able to advance that property on a potential production path in an accelerated manner. Strathmore is progressing the Agate permitting process with the necessary field studies (floral, faunal, cultural) towards the completion and submittal of a Plan of Operation with US Bureau of Land Management and the Wyoming Department of Environmental Quality. As part of this shift towards prioritizing the Agate project, Strathmore has elected to postpone the purely exploratory work at the Beaver Rim project slated to begin this week. By advancing the Agate project in the Shirley Basin production center, Strathmore will be better positioned to take advantage of the ever-growing demand for uranium in the United States and across the world. About the Agate Property The Agate property consists of 124 wholly owned lode mining claims covering ~2,560 acres. Uranium mineralization is contained in classic Wyoming-type roll fronts within the Eocene Wind River Formation, an arkosic-rich sandstone. Historically, 53 million pounds of uranium were mined in Shirley Basin, including from open-pit, underground, and the first commercial in-situ recovery operation in the USA during the 1960s. At the property, the uranium mineralization is shallow, from 20 to approximately 150 feet deep, much of which appears below the water table and likely amenable to in-situ recovery. Kerr McGee Corporation, the largest US uranium mining company at the time, completed extensive drilling across the greater projec...

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