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GTI Resources Ltd ( (AU:AMU) ) has issued an announcement.
American Uranium Limited has commenced hydrogeological testing at its Lo Herma ISR uranium project in Wyoming’s Powder River Basin, marking a significant milestone in its development. This testing, conducted by Petrotek Corporation, aims to validate aquifer performance and is running concurrently with the first phase of a resource development drilling campaign. The results, expected by the end of 2026, will support an updated Mineral Resource Estimate and Scoping Study, 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 a company focused on developing in-situ recovery (ISR) uranium projects in the United States, with a particular emphasis on the Powder River Basin in Wyoming. The company aims to contribute to the domestic nuclear fuel supply chain through its low-cost ISR projects.
Average Trading Volume: 412,626
Technical Sentiment Signal: Sell
Current Market Cap: A$18.21M
For detailed information about AMU stock, go to TipRanks’ Stock Analysis page.