GTI Energy Advances Lo Herma Uranium Project with Positive Scoping Study

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

GTI Energy Limited has announced the completion of a Scoping Study for its Lo Herma ISR Uranium Project, which indicates the project’s potential viability and justifies further exploration and development. The study, conducted by BRS Engineering Inc., evaluated various aspects of the project, including wellfield layouts and processing plant designs, and identified the potential for a financially attractive and sustainable operation. The company is planning further drilling to upgrade and expand resources, with a focus on increasing resource confidence and collecting additional data. The next phase of exploration will involve infill and step-out drilling, as well as aquifer pump testing, to support resource upgrades and project growth, aligning with the strengthening US nuclear power sector and tightening uranium supply.

More about GTI Resources Ltd

GTI Energy Limited is a company focused on uranium exploration and development, operating the Lo Herma ISR Uranium Project located in Wyoming’s Southern Powder River Basin, USA. The company is engaged in the exploration and potential development of uranium resources, with a focus on in-situ recovery (ISR) mining techniques.

Technical Sentiment Signal: Sell

Current Market Cap: A$12M

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