We are an exploration stage company. We currently have no business revenue and our assets primarily consist of cash and mineral and joint venture rights. There can be no assurance that we will generate revenues in the future, or that we will be able to operate profitably in the future, if at all. We have incurred net losses in each fiscal year since inception of our operations. Our company has never declared bankruptcy, it has never been in receivership, and it has never been involved in any legal action or proceedings.
Our current plan of operation is to continue to pursue our joint ventures with Strathmore Resources (US) Ltd. to explore, develop and mine the Jeep and Sky properties located in Freemont County, Wyoming. Prior to our determination to focus on becoming a mineral exploration company we focused our initial operations on the production and distribution of educational team sports exercise videos and Internet based software. We also intend to pursue the acquisition of certain uranium properties located in Gateway, Colorado, pursuant to our letter of intent with American Nuclear Fuels (Colorado) LLC, subject to the satisfactory completion of our due diligence investigations and the entry into a definitive agreement between the parties.
Our current plan of operation is to continue to pursue our joint ventures with Strathmore Resources (US) Ltd. to explore, develop and mine the Jeep and Sky properties located in Freemont County, Wyoming. Prior to our determination to focus on becoming a mineral exploration company we focused our initial operations on the production and distribution of educational team sports exercise videos and Internet based software. We also intend to pursue the acquisition of certain uranium properties located in Gateway, Colorado, pursuant to our letter of intent with American Nuclear Fuels (Colorado) LLC, subject to the satisfactory completion of our due diligence investigations and the entry into a definitive agreement between the parties.
