Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
GTI Resources Ltd ( (AU:AMU) ) has shared an announcement.
American Uranium reported strong progress at its flagship Lo Herma ISR uranium project in Wyoming during the March 2026 quarter, increasing the project’s mineral resource to 9.45 million pounds of eU3O8 with 43% in the Indicated category and lifting combined Wyoming resources to 11.11 million pounds. The company’s Scoping Study focus on Mine Units 1–3 yielded a 15% resource increase in these core areas to 7.00 million pounds with 46% Indicated, while drilling in Mine Units 1 and 2 delivered notable gains in both scale and confidence.
The company completed 66 of 121 permitted drill holes, advanced hydrogeological and metallurgical work, and expanded its land position by securing about 1,530 additional acres of uranium mineral rights and claims along interpreted mineralised trends. American Uranium also raised A$2.64 million via a placement and launched a rights entitlement offer to fund remaining infill and expansion drilling and technical programs, positioning Lo Herma for a further resource update and a Scoping Study targeted for the third quarter of 2026.
More about GTI Resources Ltd
American Uranium Limited is an ASX- and OTC-listed uranium exploration and development company focused on in-situ recovery (ISR) uranium projects in Wyoming, United States. Its primary assets include the Lo Herma ISR project and additional holdings in the Great Divide Basin, targeting near-term U.S. uranium production to supply the nuclear fuel market.
Average Trading Volume: 196,124
Technical Sentiment Signal: Sell
Current Market Cap: A$16.6M
Learn more about AMU stock on TipRanks’ Stock Analysis page.