Strathmore Expands Uranium Claims in Wyoming's Shirley Basin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: Yahoo Finance
- Strategic Claim Expansion: Strathmore Plus Uranium Corporation has successfully staked nine mineral claims covering 186 acres at its flagship Agate project in Wyoming's Shirley Basin, further solidifying its mining position in this promising area.
- Mineralization Trend Confirmation: The latest drill hole AG-292-26 encountered 14.5 feet of 0.063% eU3O8 from 81.5 to 96 feet deep, confirming a new uranium mineralization trend in the Middle Sand that extends over 2,500 feet, indicating significant potential for the project.
- Historical Resource Context: The Agate project is situated in an area historically operated by major producers like Kerr McGee, highlighting the region's rich uranium resource potential, with mineralization occurring at shallow depths, making it amenable to in-situ recovery.
- Future Exploration Plans: The company plans to continue reviewing available lands for acquisition to support future uranium exploration and discovery, with Director John DeJoia emphasizing that the recent success in the Middle Sand could significantly enhance the strategic value of the company.
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Analyst Views on CCJ
Wall Street analysts forecast CCJ stock price to rise
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 105.670
Low
71.80
Averages
105.67
High
118.78
Current: 105.670
Low
71.80
Averages
105.67
High
118.78
About CCJ
Cameco Corporation is a provider of uranium fuel to generate baseload electricity around the globe. Its segments include uranium, fuel services and Westinghouse. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment reflects its earnings from this equity-accounted investment. Westinghouse is a nuclear reactor technology original equipment manufacturer and a global provider of products and services to commercial utilities and government agencies. It provides outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts to nuclear reactors. It has two operating mines, Cigar Lake and McArthur River as well as a mill at Key Lake. It also has ownership interests in Global Laser Enrichment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Strathmore Expands Uranium Claims in Wyoming's Shirley Basin
- Strategic Claim Expansion: Strathmore Plus Uranium Corporation has successfully staked nine mineral claims covering 186 acres at its flagship Agate project in Wyoming's Shirley Basin, further solidifying its mining position in this promising area.
- Mineralization Trend Confirmation: The latest drill hole AG-292-26 encountered 14.5 feet of 0.063% eU3O8 from 81.5 to 96 feet deep, confirming a new uranium mineralization trend in the Middle Sand that extends over 2,500 feet, indicating significant potential for the project.
- Historical Resource Context: The Agate project is situated in an area historically operated by major producers like Kerr McGee, highlighting the region's rich uranium resource potential, with mineralization occurring at shallow depths, making it amenable to in-situ recovery.
- Future Exploration Plans: The company plans to continue reviewing available lands for acquisition to support future uranium exploration and discovery, with Director John DeJoia emphasizing that the recent success in the Middle Sand could significantly enhance the strategic value of the company.
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- Cameco's Global Expansion: Cameco, with over 433 million pounds of uranium reserves, signed an agreement with the U.S. Department of Commerce to accelerate Westinghouse reactor deployments globally, with an expected total investment of $80 billion, further cementing its core position in the global nuclear market.
- Vistra's Steady Growth: Vistra entered into a 20-year power purchase agreement with Meta to support its nuclear plants, aiming to expand its zero-carbon portfolio over the next 20 years, which is expected to enhance its pricing power in a carbon-neutral economy.
- Oklo's High-Risk, High-Reward Potential: Oklo broke ground on its small modular reactor at Idaho National Laboratory and received safety analysis approval from the U.S. Department of Energy, with plans to develop a 1.2-gigawatt nuclear campus in partnership with Meta, showcasing its potential in the nuclear energy market.
See More
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- Long-Term Agreements: Microsoft signed a 20-year power purchase agreement with Constellation to provide over 800 megawatts of carbon-free power for its data centers, marking a new collaboration model between tech companies and nuclear operators to meet clean baseload power demands.
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- Renewable Energy Investment: Vistra's 20-year power purchase agreement with Meta supports its nuclear plants in the PJM region, indicating a strategic positioning in the zero-carbon power sector, which is expected to enhance its pricing power over the next 20 years, especially amid rising AI infrastructure spending.
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See More
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- Cameco's Growth Potential: Cameco accounted for 15% of global uranium production in 2025, and despite facing a price drop from $62.25 to $35.00, the rebound to $84.18 by the end of 2023 has significantly improved profitability, further enhanced by its acquisition of Westinghouse Electric for business diversification.
- BWX's Market Positioning: As North America's only large-scale producer of nuclear components, BWX Technologies not only focuses on naval reactor systems but is also developing modular microreactors, positioning itself to benefit from the growing demand for smaller nuclear reactors, thereby strengthening its competitive edge in the nuclear market.
- Oklo's Innovative Model: Oklo's Aurora microreactor generates only 1.5 MWe individually but can be combined to achieve up to 75 MWe, and its closed-loop fuel recycling system allows for a decade of operation without refueling, showcasing a unique competitive advantage in the nuclear energy sector.
See More
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- Strategic Claim Expansion: Strathmore Plus Uranium Corporation has successfully staked nine mineral claims covering 186 acres at its flagship Agate project in Wyoming's Shirley Basin, further solidifying its mining position in this promising area.
- Mineralization Trend Confirmation: The latest drill hole AG-292-26 encountered 14.5 feet of 0.063% eU3O8 from 81.5 to 96 feet deep, confirming a new uranium mineralization trend in the Middle Sand that extends over 2,500 feet, indicating significant potential for the project.
- Historical Resource Context: The Agate project is situated in an area historically operated by major producers like Kerr McGee, highlighting the region's rich uranium resource potential, with mineralization occurring at shallow depths, making it amenable to in-situ recovery.
- Future Exploration Plans: The company plans to continue reviewing available lands for acquisition to support future uranium exploration and discovery, with Director John DeJoia emphasizing that the recent success in the Middle Sand could significantly enhance the strategic value of the company.
See More
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