Quarterly reveals strong cash position

Published 25-JUL-2022 10:20 A.M.

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This morning our US based uranium exploration Investment GTI Energy (ASX: GTR), put out its quarterly reports ahead of the month end deadline.

One thing that stood out to us was the strong cash position GTR has managed to put itself in ahead of its planned drilling program across its uranium projects in Wyoming.

The company held $6.9M in cash plus 5,000,000 shares in Regener8 Resources (worth ~$825k based on Regener8’s current share price of 16.5c per share).

With GTR trading at a market cap of ~$22M, this would give the company an enterprise value (EV) of ~$14.3M after the cash and shares are accounted for.

Next:

We look forward to seeing GTR kick off its 100,000 foot drilling program across its uranium projects in Wyoming, USA, to follow up on its discovery earlier this year.