GTI Resources Limited (GTI or the Company) is pleased to report on its activities for the December 2021 quarter.


Quarterly Highlights:

  • Wyoming ISR uranium project acquisition settlement
  • ~$2m of new capital raised this quarter with $4.75m now on hand at 31 Dec 2021
  • Exploration drilling for ISR uranium commenced at the Thor project in Wyoming
  • Early drill results to date at Thor confirm discovery of a significant uranium mineralised system which demonstrates characteristics conducive to ISR recovery
  • Annual ESG reporting program has been implemented
  • A carbon offset program was initiated & Climate Active certification is underway
  • Options were successfully listed on ASX and now trade with the ASX code: GTRO
  • Final payment made to Anfield Energy Inc. for 100% of Utah uranium properties

GREAT DIVIDE BASIN ISR URANIUM, WYOMING, USA

ACQUISITION

In August the Company entered into a binding agreement to acquire 100% of Branka Minerals Pty Ltd (Branka) (Acquisition) the holder of ~22,000 acres (~8,900 hectares) across several groups of strategically located and underexplored mineral lode claims (Claims) and 2 state leases (Leases), prospective for sandstone hosted ISR amenable uranium, located in the Great Divide Basin (GDB), Wyoming, USA & the Uravan Belt, Colorado, USA (the Properties).

The GDB is one of the several major basins within the Wyoming Basin Physiographic Province (Figure1). Wyoming basins include the Powder River Basin, Wind River Basin (Gas Hills), Shirley Basin and the Great Divide Basin with all of these basins known to host economic, ISR amenable, sandstone‐ type roll front hosted uranium deposits.

Wyoming ISR Figure 1. Regional Location of The Wyoming ISR Uranium Properties

The Wyoming Properties, which are GTI’s priority for exploration, are located close to UR Energy’s (URE) Lost Creek ISR Facility & Rio Tinto’s (RIO) Sweetwater Mill (Figure2).

Click here for the full ASX Release

This article includes content from GTI Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


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