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GTI Resources Ltd ( (AU:AMU) ) just unveiled an update.
American Uranium has expanded its Lo Herma ISR Uranium Project in Wyoming by securing about 1,040 acres of new uranium mineral rights and staking 29 additional federal lode mining claims covering roughly 490 acres. The new tenure is located around proposed Mine Units 2 and 3, directly adjoining existing mineral resource areas and extending control along key mineralised trends.
This strategic land expansion removes previous land tenure constraints that had limited resource estimation and is expected to support future growth in mineral resources and exploration targets. With drilling of 55 remaining permitted holes scheduled to start in early May 2026, including a highly prospective area south of Mine Unit 2, the enlarged land position enhances exploration flexibility, mine unit design optionality and the potential scale of the Lo Herma project.
More about GTI Resources Ltd
American Uranium Ltd is an ASX- and OTCQB-listed uranium developer focused on in-situ recovery (ISR) uranium projects in the United States. Its flagship Lo Herma ISR Uranium Project is located in Wyoming’s Powder River Basin, a well-known uranium district, where the company is advancing mine units and resource growth through targeted exploration and land consolidation.
Average Trading Volume: 184,751
Technical Sentiment Signal: Sell
Current Market Cap: A$12.32M
For a thorough assessment of AMU stock, go to TipRanks’ Stock Analysis page.