Strathmore Minerals Takeover Talks Gain Credence

(PRLEAP.COM) Sarasota, Florida (PRLeap) January 11, 2006 – The Market Outlook Journal of StockInterview.com commented on a published report in Mergers & Acquisitions Report published today, which gave more credence to rumors circulating that Strathmore Minerals (TSX: STM; Other OTC: STHJK) may be a takeover target. The M&A Report noted one competitor, Energy Metals Corporation (TSX: EMC), may be interested in Strathmore’s US assets, specifically their uranium holdings in New Mexico and Wyoming. Last week, Strathmore announced an independent geological report found one New Mexico property held nearly double the uranium resource previously reported.

Market Outlook Journal editor, James Finch, reported, “Mr. Randhawa told the Mergers & Acquisitions Report he would consider a sale of the company’s U.S. assets if the price was right. Strathmore’s CEO, who is also chairman of the board and founder of the uranium company, confirmed there was outside interest in his company, which led to hiring National Bank Financial.” In the report, Randhawa said, “I thought we needed to have the best advisors in the industry help us evaluate the alternatives available to us.”

Others in recent weeks commenting on a Strathmore Minerals takeover have included noted U.S. gold newsletter writer Robert Bishop, Canaccord’s David Pescod, Nevada-based Mineweb.com, and Florida-based Free Market News. Speculation had been circulating since their comments.

The Market Outlook Journal commentary may be viewed in its entirety at: http://www.stockinterview.com/journal.html


Contact:
StockInterview.com
Julie Ickes
(941) 929-1640
Email: editor@stockinterview.com
www.stockinterview.com

(Source: StockInterview.com)

About Strathmore Minerals. Strathmore Minerals is a Canadian based junior uranium company, in the process of developing its U.S. assets, which are located in New Mexico and Wyoming. Strathmore Minerals also holds uranium land positions in Canada and Peru. Exploration activity in the Canada’s Athabasca Basin in the second half of 2005 led to the discovery of a new geophysical conductor at the company’s Davy Lake property in northern Saskatchewan. STM trades on Canada’s TSX Venture Exchange with a 52-week high of C$2.95. STM closed at C$2.17/share on Friday. In Monday’s trading, STM opened at C$2.45/share.

About Energy Metals Corporation. Energy Metals is a Canadian based resource company focused on the strategic acquisition and development of uranium properties in the United States. Holdings are found in the uranium mining districts of the Great Divide, Powder River and Shirley Basins in Wyoming, the Bullfrog, Green River and Lisbon Valley districts in Utah, SE Oregon and the Arizona Strip. Recently, Energy Metals added 16 New Mexico state leases, including a 640-acre tract that was identified as part of the Nose Rock Project uranium deposit, formerly held by Phillips Uranium Corporation. EMC trades on Canada’s TSX Venture Exchange with a 52-week high of C$4.15/share. EMC closed at C$3.80/share on Friday. In Monday’s trading EMC opened at C$3.82/share.

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