Description
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.
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Company Statement:
Strathmore Minerals Corp. (TSX-STM.V / OTC:STHJF) is focused on bringing its Gas Hills (Wyoming) Properties into production. With it's geological office in Riverton, Wyoming and permitting office in Santa Fe, New Mexico, Strathmore is currently building out its infrastructure towards producing uranium from the prolific Gas Hills region.
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 Corp. (TSX-STM.V / OTC:STHJF) is a Canadian based uranium exploration and development company with advanced properties located in the United States.
Current Operations:
Strathmore has acquired eight areas of known mineralization in the Gas Hills Uranium District. The Company's land holdings now total more than 33,000 acres (13,000+ Ha). Historically, the Gas Hills Uranium District was one of the most prolific uranium producing areas in the United States during the last uranium cycle, with total production exceeding 100 million pounds.
The Gas Hills area is located 45 miles east of Riverton Wyoming, home of the Company's US exploration and development office. The majority of the production in this area was from conventional open-pit mining.
In addition to its holdings in Wyoming, Strathmore is also developing properties in New Mexico of which Roca Honda is its lead property.
Roca Honda is located in the Grant's Mineral Belt in New Mexico, which yielded over 300 million lbs of cumulative uranium production, and was the largest producing uranium district in the world during the last uranium cycle.
The Roca Honda uranium property consists of 63 unpatented mining claims located on land owned by the Federal government and administered by the US Bureau of Land Management (BLM). In addition, the property includes one State of New Mexico Lease. The combined land package is 745 hectares (1,840 acres) in size. The Roca Honda property is not adjacent to, or near land owned by the Navajo Nation
In April 2006, the Company announced that it had completed a National Instrument 43-101 compliant resource estimate. Based on available drill hole information, a measured and indicated mineral resource of 17,512,000 lbs. U3O8 contained within 3,782,000 tons at an average grade of 0.23% U3O8 was estimated for the Roca Honda property. An additional 15,832,000 lbs. at an average grade of 0.17% U3O8 are estimated as an inferred mineral resource. (see link to report below).
In its news release dated July 26th, 2007, the Company announced that it had completed a joint venture agreement with Sumitomo Corp. of Japan to develop the Roca Honda project.
Management
David Miller, P. Geol.
CEO and Director
Mr. Miller, is a minerals industry expert in exploration, acquisition and operations. His primary focus has been on uranium, coal bed methane and gold. David worked with Cogema, the second largest producer of uranium in the world, the last 4 as its chief geologist for in-situ operations in the US. Mr. Miller has over 25 years of experience in exploration and acquisition of uranium properties. Mr. Miller has consulted in uranium exploration, deposits, mining, and "in-situ" recovery for the IAEA. Mr. Miller is also an elected member of the Wyoming Legislature, committee assignments include Minerals and the Energy Council.
Steven Khan, MBA, FCSI, CFA
President
Mr. Khan has spent close to twenty years in all aspects of the investment industry, including retail, institutional, corporate finance, capital markets, and investment banking areas. Mr. Khan has held senior management roles including serving as Executive Vice President, President, Chief Executive Officer, and Chairman of a number of regional and national Canadian investment brokerage houses. Mr. Khan has served as a Director of a number these brokerage houses as well as sitting on the board of a number of private and public companies. Mr. Khan completed his Bachelor of Science and Master of Business degrees at the University of British Columbia before entering the investment industry. He is a Fellow of the Canadian Securities Institute, and holds a Chartered Financial Analyst designation, and is a member of the Association of Investment Management Research.
Devinder Randhawa, MBA
Director, Board Chairman
Mr. Randhawa founded Strathmore Minerals Corp. in 1996 and is currently Chairman of the Company's Board of Directors. Mr. Randhawa also founded and is currently the President of RD Capital Inc., a privately held consulting firm providing venture capital and corporate finance services to emerging companies in the resources and non-resource sectors both in Canada and the US. Prior to founding RD Capital Inc., Mr. Randhawa was in the brokerage industry for 6 years as an investment advisor and corporate finance analyst. Mr. Randhawa was formerly the President of Lariat Capital Inc. which merged with Medicure in November 1999 and the was the founder and former President and CEO of Royal County Minerals Corp. which was taken over by Canadian Gold Hunter (formerly International Curator) in July 2003. Mr. Randhawa also founded Predator Capital Inc., which became Predator Exploration. Mr. Randhawa received a Bachelors Degree in Business Administration with Honors from Trinity Western College of Langley, British Columbia in 1983 and received his Masters in Business Administration from the University of British Columbia in 1985.
Michael Halvorson
Director
Mr. Halvorson has been involved in the securities industry and mining finance since 1967. He is a successful entrepreneur and is currently a director of a number of public mining and oil and gas companies. His experience will be a valuable asset as the Company continues to advance its strategy.
Dr. Dieter Krewedl
Director
Dr. Krewedl was with Pathfinder Mines Corporation, a wholly owned subsidiary of the French uranium company Cogema, for 23 years and was Pathfinder's Vice President, Exploration from 1990 to 1995. Dr. Krewedl was instrumental in the discovery of the Green Mountain uranium deposit in Wyoming, high grade uranium breccia pipe deposits in Arizona and uranium deposits in the Grants, New Mexico mineral belt.. Dr. Krewedl presently serves as the President of the Geological Society of Nevada.
Mr. Ray Larson
Director
Mr. Larson founded Uranium Resources Inc. (URI) in 1977, and was its Chairman and CEO until his retirement in 1994. URI, which was one of the few US based uranium mining companies to survive the industry's extended market downturn, pioneered the exploration, development and production of uranium ore bodies using in-situ recovery (ISR) technology.
Mr. Larson's experience includes the commercial development of ISR uranium extraction plants at Kingsville Dome and Rosita in south Texas as well as developing significant uranium mineral interests at Church Rock and Crownpoint in northwestern New Mexico. In addition, he negotiated multiple long-term uranium sale contracts with both US and European utilities, and other industry participants. Under Mr. Larson's leadership, URI successfully restored ISR properties in Texas and Wyoming and was a founding member of the Uranium Producers of America Association.
Mr. John DeJoia
Senior Vice President, New Mexico Operations
Mr. DeJoia is a graduate of the University of Wyoming and has over 30 years of technical experience that includes underground, open pit and in-situ uranium mining. His Wyoming mining experience includes the Shirley Basin and Big Eagle uranium mines with Utah International, Development Geologist for Pathfinder Exploration Corporation, Chief Geologist for Federal American Partners in the Gas Hills District, and Director of Technical Services for American Nuclear Corporation. His extensive management experience includes work for Morrison-Knudsen, Inc. at the Idaho National Engineering Laboratory and Manager of the Washington Group projects at Los Alamos National Laboratory. Mr. DeJoia's diversified experience covers the entire range of the uranium mining and milling cycle including: feasibility studies and start-up of new mines; permitting, mining and mapping of ore bodies in new mines; closure evaluations for uranium mine and mill tailings facilities and mixed waste facilities. Mr. DeJoia is a Registered Geologist in the State of Wyoming.
Mr. James Crouch,
Vice President, Wyoming Operations
Mr. Crouch has been working in Uranium mining in Wyoming since the late 1960s. Starting as an engineering assistant at Shirley Basin, the bulk of Mr. Crouch's career was spent at the Lucky Mc mine in Wyoming's Gas Hills. At Lucky Mc, Mr. Crouch held a number of senior positions including Chief Engineer, Chief Mine Engineer and Underground Superintendent. He was the mine's Chief Engineer during it's peak production in the late 1970s when stripping rates exceeding 3 million cubic yards a month with the selective mining of 2,500 tons of uranium ore per day. His involvement continued to the point at which the mine was brought to its final phase. At that time, Mr. Crouch was responsible for the NRC acceptance of the final reclamation product on the Lucky Mc Mill site in the Gas Hills.
Mr. Crouch has overseen mine designs, operations and mine and mill site reclamations. Mr. Crouch is an author of a number of published articles and papers on mine practices.
Mr. Crouch is a graduate of South Dakota School of Mines and Technology with a Bachelor of Science degree in mine engineering.
Mr. Juan Velasquez
Vice President of Environmental and Regulatory Affairs
Mr. Velasquez is a graduate of the University of New Mexico with an undergraduate Bachelor of Science degree in biology and an MBA. Mr. Velasquez has over 30 years of experience including 7 years with Phillips Uranium Corporation, a subsidiary of Phillips Petroleum Company (now ConocoPhillips) as Manager of Environmental, Health, and Safety Affairs and 15 years with United Nuclear Corporation as President of the Minerals Division and Corporate Manager of Environmental Affairs. Mr. Velasquez has consulted to private, federal and state clients in the nuclear remediation industry. Mr. Velasquez has permitted several major uranium mining and milling operations, including Phillips Nose Rock mine/mill complex and the United Nuclear Church Rock mill tailings disposal facility. He has managed a variety of environmental project developments, operations, and closure activities for Phillips, UNC, and his clients at locations throughout the United States, working closely with federal and state regulatory agencies to obtain the required approvals. Mr. Velasquez is a past Chairman of the New Mexico Mining Association Uranium Environmental Committee and has been active in various other state and national mining associations and organizations.
Major Shareholders
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Contact Information
Head Office: Strathmore Minerals Corp.
700 - 1620 Dickson Avenue
Kelowna, BC
Canada V1Y 9Y2
Telephone: 250.868.8445
Fax: 250.868.8493
Toll Free: 800.647.3303
Wyoming Office:
Strathmore Minerals Corp.
2420 Watt Court
Riverton, Wyoming
USA 82501
Telephone: 307.856.8080
Fax: 307.856.8084
Toll Free: 800.647.3303
New Mexico Office:
Strathmore Minerals Corp.
4001 Office Court Dr. Ste. 102
Santa Fe, New Mexico
USA 87507
Telephone: 505.474.6161
Fax: 505.474.6066
Toll Free: 800.647.3303
Corporate Information
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