American Uranium Lifts Lo Herma Resource to 9.45Mlbs as ISR Study Nears

GTI Resources Ltd ( (AU:AMU) ) has shared an announcement.

American Uranium has reported an interim increase in the Mineral Resource Estimate at its Lo Herma uranium project in Wyoming to 9.45 million pounds of eU3O8, with 43% now in the Indicated category, reflecting around 10% growth in contained metal and improved confidence. Within the planned Scoping Study footprint covering Mine Units 1 to 3, resources now total 7.00 million pounds with 46% Indicated, while total Wyoming resources, including the Great Divide Basin, have risen to 11.11 million pounds.

The company has completed 66 of 121 permitted drill holes at Lo Herma, with the remaining 55 infill and expansion holes scheduled for completion in the next quarter alongside intensive hydrogeological and metallurgical work. Management plans a further resource update and a Scoping Study in the third quarter of 2026 to evaluate ISR development alternatives, including standalone central processing or integration into a regional hub-and-spoke model, as Lo Herma approaches the scale of other major Wyoming ISR projects and leverages nearby processing facilities.

The most recent analyst rating on (AU:AMU) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on GTI Resources Ltd stock, see the AU:AMU Stock Forecast page.

More about GTI Resources Ltd

American Uranium Ltd is an ASX- and OTCQB-listed uranium exploration and development company focused on in-situ recovery (ISR) uranium projects in Wyoming, particularly the Lo Herma project in the Powder River Basin and additional holdings in the Great Divide Basin. The company aims to position its assets within Wyoming’s established ISR production hub-and-spoke district alongside existing regional processing infrastructure.

Average Trading Volume: 144,153

Technical Sentiment Signal: Sell

Current Market Cap: A$11.25M

For an in-depth examination of AMU stock, go to TipRanks’ Overview page.