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GTI Resources Ltd ( (AU:AMU) ) has issued an announcement.
American Uranium Limited reported encouraging early 2026 drilling results from its Lo Herma ISR Uranium Project in Wyoming, where it is executing a resource expansion program north of proposed Mine Unit 2. The campaign builds on a 50-hole program completed in late 2025 and is aimed at expanding and upgrading the uranium resource to underpin the project’s progression toward ISR mine development.
The company has completed five of a planned 15 mud rotary drill holes, totaling about 2,249 meters, confirming mineralisation along projected redox trends and demonstrating continuity of host sand units. Best results to date include a total mineralised thickness of 5.8 meters above cutoff and a 1.8-meter intercept at 0.042% eU3O8, with roughly 10 more holes due by mid-March to support an interim mineral resource estimate update by the end of the first quarter and further drilling in the second quarter.
The most recent analyst rating on (AU:AMU) stock is a Hold with a A$0.18 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 Limited is an ASX- and OTC-listed uranium developer focused on in-situ recovery (ISR) projects in the U.S. The company’s flagship asset is the Lo Herma ISR Uranium Project in Wyoming’s Powder River Basin, where it is advancing resource delineation and de-risking activities to support potential future uranium mine development.
Average Trading Volume: 131,723
Technical Sentiment Signal: Sell
Current Market Cap: A$17.14M
For a thorough assessment of AMU stock, go to TipRanks’ Stock Analysis page.