STM.V – Strathmore Minerals Corp.

This is the first posting on Strathmore Minerals Corp.  Thanks to Buy High Sell Higher Forum Member John77 for introducing me to Strathmore.  You can read his post for more details.

Strathmore is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties.  Even better, according to their January 31, 2007 press release Strathmore plans to:

“… reorganize its mineral property assets with a view to maximizing shareholder value. In particular, Strathmore proposes to transfer all of its Canadian mineral properties and a portion of its cash into a new exploration company pursuant to a plan of arrangement. Strathmore would continue to hold the U.S. and Peruvian assets. Immediately following such arrangement, Strathmore’s shareholders, other than any dissenting shareholders, would be issued shares in the new exploration company so that collectively, they would own all of the new company’s shares which would be listed on the TSX Venture Exchange.

The reorganization is designed to improve the identification and valuation of specific Strathmore properties, to enhance Strathmore’s ability to divest specific properties through simpler corporate ownership, to enter into strategic joint venture agreements, and to enable Strathmore to separately finance and develop its various assets, selectively reducing stock dilution.”

I like that strategy, and I like the chart, so I’m adding it to my portfolio.