It’s a momentous occasion in Wyoming, USA, as another uranium hopeful kicks off drilling on a promising project whilst the yellowcake spot price climbs to US$80/lb.

Stockhead’s Sarah Hughan sits down with GTI Energy (ASX:GTR) executive director Bruce Lane to get the short end of the long story on the company’s latest works.

GTI Energy has started drilling its Lo Herma ISR uranium project in Wyoming’s Powder River Basin to validate and upgrade the inferred 5.7Mlb resource grading 630ppm whilst testing its potential to expand.

Lo Herma is in a uranium hotspot, ~10 miles from the US’s largest ISR U3O8 production plant at Cameco’s Smith Ranch-Hyland, and ~60 miles from UEC’s Irigaray & Energy Fuels’ Reno Creek.

Also this month, GTI confirmed roughly 19km of radiometric anomalies at its Green Mountain uranium project, also in Wyoming.

Drilling could now be on the cards for Green Mountain too, after the recently completed airborne radiometric and magnetic survey identified 12 miles of anomalous uranium trends across the project area which will be used to aid targeting for future exploration drilling.

Tune in to hear GTI Energy’s Bruce Lane on its current works schedule, where the uranium market sits today and why Wyoming is the place to be.