Mining
GTI Energy Ltd (ASX:GTR & GTRO, OTC:GTRIF) is exploring its 100% owned ISR uranium projects in Wyoming in the US. GTI’s focus is on in-situ recovery mining – the most cost effective and environmentally friendly method of uranium mining. With combined inferred resources of 7.37 million pounds of U3O8, at an average grade of around 600ppm, GTI aims to kick off drilling at the project in November with the intention of upgrading its resources.
GTI’s Lo Herma Project is located within the uranium-rich Powder Basin in Wyoming ~10 miles west of Cameco’s Smith Ranch-Hyland, the US’ largest ISR U3O8 production facility. Lo Herma lies within ~60 miles of another four permitted ISR uranium production facilities including UEC’s Willow Creek (Irigaray & Christensen Ranch) & Reno Creek ISR plants, and Energy Fuels’ Nichols Ranch ISR plant.
With a combined Mineral Resource of 5.43Mt @ 615ppm for 7.37Mlbs U3O8,. GTI holds three highly prospective uranium (U) projects in Wyoming, Lo Herma (5.71Mlbs U3O8), Great Divide Basin (GDB) (1.66Mlbs U3O8), & Green Mountain. The company also has the potential to triple its resource size to 27Mlbs U3O8 – GTR has an Exploration Target of 11.9MT-14.8Mt @ 420ppm – 700ppm for a further 12.0Mlbs – 19.8Mlbs U3O8 across its three projects. Application for a drilling permit is under way for Lo Herma with plans to commence a drilling program in late 2023. Green Mountain permitting will follow receipt and interpretation of impending final aerial geophysics results.
KEY PEOPLE
RELATED STOCKHEAD STORIES
Stockhead TV
Investor Presentation: GTI Energy
Mining
The US uranium renaissance is coming, and GTI Energy is sitting pretty
Mining
GTI Energy ready for mammoth 30km+ Uranium drilling campaign
Mining
ASX Resources Quarterlies: GTI Energy poised to play in US uranium game
Mining
GTI brings veteran High Plains uranium exec on board to power new uranium grab
IPO Watch
IPO Wrap: A plethora of explorers are gearing up to list in the next month
Mining
GTI buys up Green Mountain uranium project, to get its yellowcake and eat it, too
Mining
Resources Top 5: US wants to spend $US4.4bn on local enriched uranium, all the ASX stocks fly
Mining
Regener8 IPO gifts new life to lucrative Kookynie gold assets
Stockhead TV
V-Con: Uranium – is an explosion to the upside imminent?
Mining
GTI Energy set for $5 million windfall from Regener8 IPO priority offer
Mining
Howdy Neighbour! GTI Resources buys uranium project next-door
Explainers
Uranium stocks guide: Sit back and relax, here’s everything you need to know
Stockhead TV
90 Seconds With… Bruce Lane, GTI Resources(ASX:GTR)
Mining
GTI Resources plans 30km Wyoming ISR Uranium drill program in July
Mining
GTI Resources ready to take North America by storm after listing on OTCQB market
Mining