GTI Resources Ltd (GTI or Company) advises that due diligence (DD) has been successfully concluded under the binding term sheet agreement (Term Sheet) to acquire 100% of Logray Minerals Pty Ltd (Logray) (Acquisition)1. Logray is the holder of ~13,800 acres (~5,600 hectares) of underexplored mineral lode claims (Claims), adjacent to GTI’s existing Great Divide Basin (GDB) projects, at Green Mountain in Wyoming, USA (the Properties or Green Mountain Project, Figure 1).

Highlights:

  • Green Mountain project acquisition due diligence now completed
  • Strategic acquisition of ~13,800 acres of contiguous ISR uranium exploration claims at Wyoming’s Green Mountain increases GTI’s land holding, by 40%, to ~35,000 acres
  • Properties lie close to existing GTI claims & adjacent to Energy Fuel’s 30Mlb Sheep Mountain, Ur-Energy’s Lost Soldier, Rio Tinto’s Jackpot & UEC’s Antelope deposits1
  • GTI has material holdings in the district with plans to continuing exploring multiple uranium mineralised roll fronts commencing in July 2022.