Strathmore Announces Closing Private Placement for Gross Proceeds of $1,100,000

Strathmore Announces Closing Private Placement for Gross Proceeds of $1,100,000

Strathmore Plus Uranium Corporation (CSE: SUU) (OTCQB: SUUFF) (or "the Company") is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $1,100,000 through the issuance of 7,333,333 units at a price of $0.15 per unit (the "Offering"). Each unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share at a price of $0.25 per share for a period of 36 months from the date of issuance.

The net proceeds of the Offering will be used for general working capital and exploration of the Company's Wyoming uranium properties, including drilling, soil sampling, and geophysical surveys.

In connection with the Offering, the Company paid finder's fees of $21,375 to certain eligible finders, in accordance with applicable CSE policies.

All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Offering is subject to any final regulatory approvals as may be required under the policies of the Canadian Securities Exchange.

About Strathmore Plus Uranium Corp.
Strathmore has three fully permitted uranium projects in Wyoming, including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.

Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com

Jamie Bannerman: jamie@rdcapital.com
250-868-6553 

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO

This news release contains forward-looking statements relating to product development, plans, strategies, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking information in this news release includes, but is not limited to, the anticipated use of the net proceeds from the Offerings and the receipt of all necessary approvals for the Offering. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required by law.

Neither CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286254

News Provided by TMX Newsfile via QuoteMedia

SUU:CC
The Conversation (0)
Spartan Metals Geophysical Surveys Indicate Potential Tungsten-Silver Veins Extension at Its Tungstonia Claims, Nevada

Spartan Metals Geophysical Surveys Indicate Potential Tungsten-Silver Veins Extension at Its Tungstonia Claims, Nevada

Indicates Approximately 700 Meters of depth potential to veinsSurveys also identify a related 3.7 km² potential porphyry target Tungstonia appears to host a dynamic mineralizing system with potential for multiple styles of mineral depositsSpartan Metals Corp. (TSXV: W,OTC:SPRMF) (OTCQB: SPRMF)... Keep Reading...
American Lithium (TSXV:LI)

American Lithium's Falchani Pilot Plant Fully Commissioned and Operating

American Lithium Corp. ("American Lithium" or the "Company") (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to report that the Falchani Lithium Project pilot-plant has all systems installed and operating. Recent laboratory testing has demonstrated an improvement in lithium recoveries. The... Keep Reading...
SAGA Metals Drills 470 m at 36.72% Fe2O3, 5.40% TiO2, 0.245% V2O5 Including 69.2 m at 51.03% Fe2O3, 8.55% TiO2, 0.334% V2O5 at Radar Critical Minerals Project in Labrador

SAGA Metals Drills 470 m at 36.72% Fe2O3, 5.40% TiO2, 0.245% V2O5 Including 69.2 m at 51.03% Fe2O3, 8.55% TiO2, 0.334% V2O5 at Radar Critical Minerals Project in Labrador

Saga Metals Corp. (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0072, -0073, and -0074 drilled as part of its maiden... Keep Reading...
Lithium Argentina Announces Closing of $180M Strategic Investment from Ganfeng

Lithium Argentina Announces Closing of $180M Strategic Investment from Ganfeng

Lithium Argentina AG ("Lithium Argentina" or the "Company") (TSX: LAR) (NYSE: LAR) today announced the closing of the $180 million strategic investment from Ganfeng Lithium Group Co., Ltd. ("Ganfeng") through the issuance of a six-year unsecured convertible note (the "Note" or the "Strategic... Keep Reading...
VanadiumCorp Continues the Third Year of Upstream Mineral Processing Research with Université de Sherbrooke

VanadiumCorp Continues the Third Year of Upstream Mineral Processing Research with Université de Sherbrooke

(TheNewswire) Vancouver, British Columbia - TheNewswire September 14, 2026 - Vanadiumcorp Resource Inc. (TSXV: VRB,OTC:VRBFF) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") announces that the third year of its research collaboration with Université de Sherbrooke is underway. The... Keep Reading...
SAGA Metals Reports Assays from R-0064 to R-0071 with Intercepts Including 52.52% Fe2O3, 7.58% TiO2, 0.428% V2O5 from 2026 Drilling at Radar Critical Minerals Project in Labrador

SAGA Metals Reports Assays from R-0064 to R-0071 with Intercepts Including 52.52% Fe2O3, 7.58% TiO2, 0.428% V2O5 from 2026 Drilling at Radar Critical Minerals Project in Labrador

Saga Metals Corp. (TSXV: SAGA,OTC:SAGMF) (OTCQX: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0064, -0065, -0066, -0067, -0068, -0069, -0070 and -0071... Keep Reading...

Interactive Chart

Latest Press Releases

Related News