Acquisition completed, drilling for uranium in July

Investment Memo: GTR 2022

General: Project acquisition

This morning our uranium exploration Investment GTI Resources (ASX: GTR) confirmed that it had completed the acquisition of an additional ~13,800 acres in ground next to its existing uranium projects in Wyoming, USA.

The acquisition of the “Green Mountain” project now means GTR holds ~35,000 acres across in the uranium capital of the US, Wyoming.

Interestingly the newly acquired grounds all sit against a border shared with Rio Tinto.

GTR expects to start target generation and permitting works across the newly acquired acreage this month ahead of a planned ~100,000 foot exploration program across its entire project portfolio in the basin scheduled for July.