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Strathmore Minerals Corp. (TSE:STM) reports an update with a year-end review of its activities in 2010 and outlook for 2011.
Strathmore Minerals Corp. (TSX:STM) reports an update with a year-end review of its activities in 2010 and outlook for 2011.
The press release is quoted as saying:
Strathmore is one of the largest holders of in-ground uranium resources in the United States. The Company’s goal is to become a leading uranium producer in the United States where it is advancing two core uranium projects towards production: Roca Honda in New Mexico and Gas Hills in Wyoming.
The uranium spot price has increased from a low of approximately US $40 per lb in March 2010 to US $70 per lb at January 24, 2011, and many analysts have forecast the price to remain strong in the years ahead. Management shares this positive outlook, and with the successful repositioning of the Company completed during 2010, a more aggressive pursuit of its goals is planned for the year ahead.
Click here to access the entire news release.