URANIUM

In Wyoming’s Great Divide Basin, the US capital of uranium, $1.95BN capped Uranium Energy Corporation is busy buying up its neighbours. That all bodes well for our uranium exploration Investment GTi Energy (ASX: GTR), which is actively drilling its US uranium projects with the ultimate aim of proving out a maiden JORC resource estimate.

Auking Mining Ltd (ASX: AKN) has just struck a deal to acquire uranium assets in Tanzania. On the surface, AKN's Tanzanian uranium acquisition should generate more interest from the market, but we will need a bit more time to dive deeper and fully understand the projects.

The market seems to be taking notice of all of this with the uranium price trading near decade highs at US$52 per pound. Enter our US-based uranium exploration Investment GTI Energy (ASX: GTR), which is looking to prove up a uranium resource base in the uranium capital of USA - Wyoming, where 80% of domestic supply is produced.

GTR completed the planning process for its upcoming 100,000 foot (~30,000m) drilling program across its uranium projects in Wyoming - drilling should start in the coming weeks and be completed by Christmas.

The US uranium industry had a major win overnight, with a bill set to be passed that would ban the import of Russian uranium to the US. While the timing of the bill looks to be a direct response to Russia’s invasion of Ukraine, we note that it is also a longer term strategic move to support the American uranium industry.

Today we will share two important lessons we have learned (the hard way) for micro-cap/small-cap investing.

Our investment GTi Resources (ASX:GTR) is currently in the middle of a maiden drilling program at its uranium project in the USA. So far, drilling results have exceeded GTR’s expectations - this is after only 10 holes drilled, and another 90 more holes either in progress or still to be drilled.

Today GTR confirmed it has launched its maiden drilling programme in Wyoming - the uranium capital of America where over 80% of domestic supply is produced.

Yesterday GTi Resources (ASX:GTR) announced that they have secured two drill rigs for the upcoming drilling programme at its Wyoming uranium project next month.

Three stocks in our portfolio are catching our eye this week for various reasons. With the China's curb on fertiliser exports, demand for nuclear power surging and the zinc price at all time highs - these stocks stand to gain the most.

We added GTR to the Next Investors portfolio almost 18 months ago when the uranium price went on a run. However, the uranium price rise wasn’t sustained - it cooled off and traded sideways over the next year, as did GTR’s share price.[to insert]

GTI Resources Ltd (ASX: GTR) has started uranium drilling on Section 36 of its Henry Mountains Uranium & Vanadium Project in Utah, USA. The company flagged this second phase of uranium exploration after it received approval from the state of Utah to go ahead.

GTI Resources Ltd (ASX: GTR) has received approval from the state of Utah for the second phase of uranium exploration on Section 36, part of the company’s overall Henry Mountains Uranium-Vanadium Project in that state.

GTI Resources (ASX: GTR) has reported eU3O8 downhole gamma assay results from Section 36, part of the Henry Mountains Project.

GTI Resources Ltd (ASX: GTR) has advised that the first phase of its spring exploration field activity commences this week, following settlement of the acquisition and transfer of two State of Utah mineral leases from Anfield Energy Inc.

GTI Resources Ltd (ASX: GTR) has completed planning and permitting for the first phase of exploration at its Utah leases.

GTI Resources (ASX: GTR) has acquired uranium prospective land in Utah and received assay results from the Niagara Gold Project at Kookynie.

GTI Resources Ltd (ASX: GTR)'s new historical exploration data has confirmed that the mineralised trend along the Jeffrey Project’s covers 5.5 kilometres