Strata Energy Breaks Ground on Ross Project

October 25, 2013 – Strata is pleased to announce the start of pre-license construction activities at the Ross uranium project near Oshoto. Construction activities include earthworks necessary to prepare roadways and building sites for the administration and central processing plant facilities.

With pre-license construction underway, Strata will be poised to move quickly to construction of the central processing plant and initial production wellfields upon issuance by the US Nuclear Regulatory Commission (NRC) of the Source and 11(e).2 Byproduct Material License (SML). Issuance of the SML is currently projected for early March 2014, with commencement of production projected for the second half of 2014.

The initiation of construction at Ross follows a four-year permitting process to ensure that the Ross Project meets the stringent criteria of local, state and federal regulatory agencies.