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GTI Resources Ltd ( (AU:GTR) ) has shared an update.
GTI Energy Limited has successfully raised A$2.5 million from the first tranche of a two-part placement aimed at securing A$4.5 million to support resource expansion and drilling at its Lo Herma project. The company anticipates final approval for updated drilling permits in August 2025, which will allow for extensive drilling activities designed to expand and upgrade the project’s resource base. The participation of Snow Lake Energy, a strategic investor, is pending final due diligence. The drilling program, set to begin in September 2025, aims to advance the Lo Herma project towards production by the end of the year.
More about GTI Resources Ltd
GTI Energy Limited is an Australian company operating in the uranium and nuclear energy sector. The company focuses on resource expansion and infill drilling, particularly at its Lo Herma ISR uranium project in Wyoming, USA.
Technical Sentiment Signal: Sell
Current Market Cap: A$12M
For detailed information about GTR stock, go to TipRanks’ Stock Analysis page.