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GTI Resources Ltd ( (AU:GTR) ) just unveiled an announcement.
GTI Energy Ltd has successfully completed two out of three planned groundwater monitoring wells at its Lo Herma ISR Uranium Project in Wyoming, with the third well drilling underway. This development is crucial for assessing the site’s suitability for ISR mining, and it forms part of the ongoing Lo Herma Scoping Study. Additionally, GTI has finalized staking for 23 additional claims, expanding its project area and enhancing its resource base. The company has also achieved a resource upgrade to 8.57 million pounds of U3O8, which triggered the vesting of performance rights, marking significant progress in its exploration and development efforts.
More about GTI Resources Ltd
GTI Energy Ltd is a company involved in the uranium and vanadium exploration industry, with projects primarily located in Wyoming and Utah. Its flagship asset is the Lo Herma ISR Uranium Project in Wyoming’s Powder River Basin. The company focuses on exploring and developing high potential mineral resources, including uranium assets in the Great Divide Basin and Green Mountain area, as well as conventional uranium/vanadium projects in Utah’s Henry Mountains.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.37M
Find detailed analytics on GTR stock on TipRanks’ Stock Analysis page.
