Acquisition of additional project area progressing

Investment Memo: GTR 2022

Objective: N/A

Our uranium exploration Investment GTI Resources (ASX: GTR) has provided an update on the acquisition of an additional ~13,800 acres of claims adjacent to its current landholding and bordering grounds held by Rio Tinto.

GTR confirmed that due diligence was ongoing as planned and that the company would be providing an update on the acquisition in due course. We covered the new acquisition in detail in a previous Quick Take which you can read here.

Once completed, the acquisition will increase GTR’s landholding in this part of Wyoming to ~35,000 acres and mean that the next round of drilling can be followed up by testing the new acreage to the north as well.

Effectively, GTR is bringing in even more exploration potential to an already prospect rich portfolio of landholdings.