Announcement • Jun 24
Strathmore Plus Uranium Corporation Announces Exploration Drill Program at Beaver Rim Project Strathmore Plus Uranium Corporation announced plans for a 5-hole exploration drill program on the Beaver Rim project in late July totaling 5,000 feet. Exploration is planned for the West Diamond area. Previously, in 2024, the Company drilled the eastern extent of the Project area, the Sage claims, where uranium was encountered. The Beaver Rim project lies immediately south and adjacent to Cameco's fully permitted Gas Hills in-situ recovery project, where they report 13.3 million pounds of mineral resources. In 2012, while part of the first Strathmore, the area that is now the West Diamond claims was explored. A dozen holes were drilled, and multiple zones of mineralization were encountered across the 300-foot-thick sands. The plan is to return to this area and extend and expand the area of known mineralization, especially that which is noted to trend south from Cameco's property. Beaver Rim has exploration potential for discovery of new, large uranium deposits like those previously mined or currently delineated in the Gas Hills. The Beaver Rim project consists of 278 wholly owned mining claims totaling 5,744 acres. The Gas Hills uranium district is the largest producer in the State of Wyoming; more than 100 million pounds of uranium was mined. Historical and recent reports suggest 50-100 million pounds of uranium remain in the Gas Hills, with significant discovery potential in the lesser drilled areas to the south, notably atop Beaver Rim. The project area was previously explored by American Nuclear in the 1970s, Cameco in the 1990-2000's, by Strathmore Minerals in 2012, and mostly recently by the Company in 2024, where uranium mineralization was encountered at depths of 700-1,100 feet, contained in stacked, Wyoming-type roll front deposits within arkosic-rich sandstones of the Eocene-age Wind River Formation. The technical information in this news release has been Reviewed and Approved on behalf of the Company by Terrence A. Osier, P.Geo., Vice President of Exploration for Strathmore Plus Uranium, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. This news release also refers to neighboring properties in which Strathmore Uranium has no interest, and the Qualified Person has been unable to verify the information from those properties. Mineralization on those neighboring properties is not necessarily indicative of mineralization on the Beaver Rim Property. New Risk • May 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.2m market cap, or US$7.44m). New Risk • Apr 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.2m market cap, or US$7.44m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). 
