Stage: Exploration & Development Pipeline

The Chord Property, located in Fall River County, comprises 22 unpatented lode mining claims totaling 440 acres. Previous operators included Union Carbide and Tennessee Valley Authority (TVA). The uranium mineralization occurs within sandstones of the Chilson Member of the Cretaceous Lakota Formation. Depth to the mineralization is shallow, and is generally less than 500 ft.

The US Forest Service has prepared a Draft Environment Assessment, which proposes a "Mineral Withdrawal" to protect regional cultural resources on National Forest Lands, which includes Strathmore's Chord claims. Known as the Craven Canyon Project, this proposed action would "withdraw" the Chord claims from mineral exploration and permitting for mine development. The proposed action has impaired the Chord project and the Company has written off its mineral property costs for accounting purposes. Strathmore continues to maintain its claims in good standing and will review its alternatives for the Chord project, when a decision regarding the Craven Canyon Mineral Withdrawal has been finalized.