Strathmore is one of the largest holders of in-ground uranium resources in the United States. The Company's goal is to become a leading uranium producer in the United States. Its core projects are located in the two largest historical uranium producing regions: the Grants Uranium District in New Mexico and the Gas Hills Uranium District in Wyoming.

Strathmore is advancing two core uranium development projects towards production: Roca Honda in New Mexico and the Gas Hills in Wyoming. In 2007, Roca Honda was partnered with Sumitomo Corp of Japan under the jointly owned subsidiary Roca Honda Resources LLC ("RHR"). In October 2009, RHR submitted its Roca Honda mine permit application, which was deemed "administratively complete" by the regulatory agencies, and is now undergoing technical review. Roca Honda represents one of largest and highest grade proposed uranium mine in the United States in over thirty years. The Company expects to submit its Gas Hills mine permit application in 2012.