DD completed, uranium acquisition to double GTR’s project size

INVESTMENT MEMO: GTR 2022

GENERAL: Project acquisition

This morning our uranium exploration Investment GTI Resources (ASX: GTR) confirmed that the due diligence process has been completed for 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 was first announced on the 6th of April this year and sits immediately bordered with projects owned by Rio Tinto.

GTR now expects the transaction to be completed in the first week of June pending shareholder approvals.

As part of the transaction GTR will pay the vendors the following:

• $750k in cash.
• Issue the vendors 105,000,000 shares in GTR.

In the background GTR are still in the planning stage for a 100,000 foot exploration program across the combined project area at its Wyoming uranium project which is scheduled to commence in July.