GTR targeting maiden resource, geophysics in Wyoming

Our U.S. based uranium Investment GTI Energy (ASX: GTR) is now months away from a potential catalyst for the company - its maiden resource estimate at its uranium project in Wyoming, USA.

GTR expects the maiden resource estimate to be delivered by the end of Q1.

At the same time the company is also preparing to run geophysical surveys at its “Green Mountain” project which was acquired back in 2022.

The ultimate purpose of the surveys is to update the mapping and geological models GTR has and to define high priority drill targets that the company expects to drill in the second half of this year.

The Green Mountain project was acquired back in June 2022 and increased GTR’s total landholding by ~13,800 acres to a total project area of ~35,000 acres across in the uranium capital of the US.

The newly acquired ground sits immediately to the north of the projects where GTR is currently looking to define a maiden resource estimate over AND shares a border with a project owned by Rio Tinto.

What’s next for GTR?

We are now looking forward to GTR delivering its maiden resource estimate.

We see this as the next potential catalyst for the company, especially considering the consolidation of projects with resource estimates in Wyoming by GTR’s US$2.2BN neighbour Uranium Energy Corporation.

To read more about the consolidation activities near GTR’s projects check out our following note: GTR’s regional neighbour buying up USA uranium projects