GTI Energy ideally positioned for uranium recovery
October 03, 2023 at 03:46 pm EDT
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GTI Energy Ltd (ASX:GTR, OTC:GTRIF) executive director Bruce Lane discusses with Proactive recent strength in the uranium spot price as well as trends in the wider sector. Lane also outlines the investment case for GTR which includes the fact it’s based in the US which is the largest buyer of uranium globally, as well as its focus on in-situ recovery - the most cost effective and environmentally friendly method of uranium mining. With an inferred resource of 5.71 million pounds of U3O8, GTI aims to kick off drilling at the project in November with the intention of upgrading resources.
Focussed on exploring for, defining and developing economic ISR Uranium resources – GTI Energy is part of Wyoming’s Insitu Recovery (ISR) uranium mining renaissance.
GTI saw US uranium supply’s collapse and anticipated the coming surge in demand for uranium as a core component of America’s drive for homegrown, sustainable clean energy solutions. This led us to position GTI to be part of the resurgence in demand for uranium using the lowest-cost and cleanest method of mining uranium, ISR.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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GTI Energy Limited is an Australia-based Company, which is engaged in exploring mineral tenements in the United States of America including Utah, Colorado and Wyoming. The Company's projects include Wyoming in situ recovery (ISR) and Henry Mountains. The Wyoming in situ recovery (ISR) project includes Lo Herma, Great Divide Basin (GDB) and Green Mountain. The Lo Herma ISR Uranium Project is located in Converse County, Powder River Basin (PRB), Wyoming (WY). Its WY Powder River Basin tenements cover approximately 13,314 acres. The Thor, Teebo, Odin, Loki and Wicket prospects (GDB Prospects) are located within Wyoming's GDB Uranium District in Sweetwater County, WY. The GDB project has approximately 24,213 acres. The Green Mountain Project is located along the northeastern flank of the GDB and covers approximately 13,883 acres. It has land holdings in the Henry Mountains region of Utah, which includes uranium and vanadium mineralization generally shallow at 20-30 meters average depth.