Strathmore Minerals Corp. (TSXV: STM, OTCPK: STHJF) – Initiating Coverage; Uranium Production Targeted for 2013; Extensive Development Pipeline

Fundamental Research Corp. | August 18, 2010 | 8:32 am Energy Uranium 

Investment Highlights

  • Strathmore Minerals Corp. (“Strathmore,” “STM,” “the company”) is a TSX Venture listed junior mining development company focused on advancing the Roca Honda Uranium project into production. Roca Honda is one of the largest planned uranium mines in the United States in over 30 years.
  • Roca Honda has NI 43-101 compliant measured and indicated resources totaling 17.5 million pounds U3O8 and inferred resources of 15.8 million pounds U3O8.
  • Production is targeted for late 2013 and mine life is currently estimated at approximately 20 years.
  • The company is also working to advance its Gas Hills, Wyoming projects towards production.
  • STM is in a solid cash position with about $25.5 million, or $0.29 per share, in the bank. We believe it is a good time to invest in uranium companies. After being out of favor for some time, recent positive industry developments have started to switch investor interest back into the sector.

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