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GTI Resources Ltd ( (AU:AMU) ) has shared an announcement.
American Uranium Limited has mobilized a drill rig ahead of schedule to begin resource development drilling at its Lo Herma ISR Project in Wyoming. The project aims to expand and upgrade the existing 8.57 million pounds of uranium resources through a two-phase drilling program, with Phase 1 focusing on resource expansion and Phase 2 on increasing resource confidence. The drilling campaign, which is expected to contribute to a resource upgrade and updated Scoping Study in 2026, positions Lo Herma as a promising near-term, low-cost ISR uranium project in the U.S., potentially comparable to other projects like Ur-Energy’s Shirley Basin.
More about GTI Resources Ltd
American Uranium Limited (ASX:AMU, OTCID:AMUIF) operates in the uranium mining industry, focusing on in-situ recovery (ISR) uranium projects. The company is actively developing its flagship Lo Herma ISR Project in Wyoming’s Powder River Basin, aiming to expand and upgrade its uranium resource base.
Average Trading Volume: 500,545
Technical Sentiment Signal: Sell
Current Market Cap: A$21.42M
For a thorough assessment of AMU stock, go to TipRanks’ Stock Analysis page.