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GTI Resources Ltd ( (AU:AMU) ) has provided an announcement.
American Uranium Limited, operating in the uranium industry, has successfully completed hydrogeological testing at its Lo Herma ISR Project in Wyoming’s Powder River Basin. The testing, conducted by Petrotek Corporation, confirmed sustained flows and minimal aquifer drawdown, marking a significant step towards ISR development. Resource expansion drilling is progressing as planned, with results expected by the end of the year, ahead of a 2026 Mineral Resource Estimate update. These developments aim to de-risk and advance the project, enhancing resource and hydrogeologic confidence for a 2026 Scoping Study update.
More about GTI Resources Ltd
Average Trading Volume: 404,956
Technical Sentiment Signal: Sell
Current Market Cap: A$16.07M
Learn more about AMU stock on TipRanks’ Stock Analysis page.