Strathmore's goal is to become a leading uranium producer in the United States. It been a uranium company since 1996 and executed its property acquisition strategy in 2003-04 when the uranium price was between US $7-15 per lb. The Company was successful in acquiring advanced uranium projects in the two largest historical uranium producing regions in the United States: the Gas Hills Uranium District in Wyoming and the Grants Mineral District in New Mexico. Many of these projects were extensively explored and advanced to the mine planning sage, but were later abandoned during the 1980s and 1990s when the uranium price collapsed. Operations offices were opened in Riverton Wyoming and Santa Fe, New Mexico in 2005. Projects were reviewed and prioritized and permitting efforts were initiated.

Focus has been to advance three core uranium development projects towards production: the Gas Hills and Pine Tree-Reno Creek Properties in Wyoming, and Roca Honda in New Mexico. The Company holds 100% of the Gas Hills, Wyoming Project. In 2007, the Roca Honda, New Mexico project was joint ventured with Sumitomo Corp of Japan, and the Pine Tree-Reno Creek ISR project in Wyoming was joint ventured with American Uranium Corporation in 2008.