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The latest announcement is out from GTI Resources Ltd ( (AU:AMU) ).
American Uranium Limited has commenced hydrogeological testing at its Lo Herma ISR Project in Wyoming, marking a significant milestone in its development. This testing, conducted by Petrotek Corporation, is part of a broader resource development drilling campaign aimed at expanding the current 8.57 million pound uranium resource. The results of these efforts, expected by the end of 2025, will contribute to an updated Mineral Resource Estimate and Scoping Study in 2026, positioning the company to capitalize on U.S. support programs for the domestic nuclear fuel supply chain.
More about GTI Resources Ltd
American Uranium Limited (ASX:AMU, OTC:AMUIF) is involved in the uranium industry, focusing on in-situ recovery (ISR) uranium projects. The company’s primary project is the Lo Herma ISR Project located in Wyoming’s Powder River Basin, which aims to support the U.S. domestic nuclear fuel supply chain.
Average Trading Volume: 412,626
Technical Sentiment Signal: Sell
Current Market Cap: A$18.21M
For an in-depth examination of AMU stock, go to TipRanks’ Overview page.