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An announcement from GTI Resources Ltd ( (AU:GTR) ) is now available.
GTI Energy Ltd has announced a significant 50% increase in the Mineral Resource Estimate at its Lo Herma ISR Uranium Project, raising it to 8.57 million pounds of U3O8. The company has also launched a scoping study, aiming for completion in the first half of 2025, and completed a $1.6 million rights issue. These developments enhance GTI’s position in the uranium sector, increasing its combined Wyoming uranium resources to 10.23 million pounds, and potentially expanding its market influence, although further exploration is necessary to confirm these estimates.
More about GTI Resources Ltd
GTI Energy Ltd operates within the mining industry, focusing on uranium resources. The company is engaged in activities related to mining by In-Situ Recovery (ISR) methods, with its projects primarily located in Wyoming, USA. GTI Energy aims to explore and develop uranium resources, contributing to the energy sector.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.37M
See more insights into GTR stock on TipRanks’ Stock Analysis page.
