Strathmore Minerals
The Company's goal is to become a leading uranium producer in the United States. Strathmore has been a uranium company since 1996 and executed its property acquisition strategy when the uranium price was between US $7-15 per lb. Focus has been on the acquisition and development of advanced uranium projects in the two largest uranium producing regions in the United States: the Gas Hills Uranium District in Wyoming and the Grants Mineral District, New Mexico, but were abandoned by the major uranium mining companies during the 1980s and 1990s.
Strathmore Minerals to terminate registration of its shares in the US
Strathmore Minerals Corp plans to terminate the registration of its shares in the US in order to cut costs.
Strathmore is currently fulfilling all reporting requirements under the US Securities Exchange Act of 1934 and is not currently listed on any US exchange. Strathmore shares will continue to trade in Canada on the TSX Venture Exchange under the symbol ‘STM’.
The company will file an application to terminate the registration with the US Securities and Exchange Commission, and its reporting obligations will be suspended. The termination will become effective 90 days thereafter.
Although the company believes it has obtained substantial benefits through its SEC registration, the current economic environment has led to a review all of its expenditures, and the costs related to the registration are disproportionate to Strathmore's size.
Strathmore Minerals is a Canadian resource company specializing in the strategic acquisition, exploration and development of uranium properties. Its primary goal is to become a leading uranium producer in the US. Its key properties are eight areas of known mineralization in the Gas Hills Uranium District of Wyoming.
Other Strathmore Minerals articles
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30/12/09 Strathmore Receives superior US$20 million offer for Pine Tree-Reno Creek uranium properties in Wyoming
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10/11/07 A race for production for Strathmore Minerals Corp.
Other Strathmore Minerals news
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18/02/10 Strathmore Minerals ready to sharpen focus on Roca Honda and Gas Hills uranium projects
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07/01/10 Bayswater Uranium matches competing offer for Strathmore Minerals’ Pine-Tree Reno Creek Properties
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10/12/09 Strathmore to Receive US$31 Million from Bayswater Uranium for Pine-Tree Reno Creek
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03/12/09 Strathmore Minerals mining application for Roca Honda uranium project deemed complete
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27/10/09 Strathmore Minerals submits mine permit application for Roca Honda uranium project in New Mexico
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26/08/09 Strathmore disposes of more non-core assets, sells seven uranium leases to Peninsula
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06/01/09 Strathmore Minerals completes baseline study at George Ver Uranium Property
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18/04/08 Strathmore consolidates land position in Gas Hills, Wyoming
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06/02/08 Strathmore Minerals releases 43-101 uranium report
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