Highlights
- Lo Herma Mineral Resource Estimate increased 50% to 8.57Mlbs eU3O8 incl. 2.78Mlbs
Indicated (32%) & 5.79Mlbs Inferred - Lo Herma Exploration Target increased from recent drilling and new staking
- Lo Herma Scoping Study commenced – targeting completion in 1st half of 2025
- GTI’s combined Wyoming uranium resources increased to 10.23Mlbs
“We are delighted with this 50% resource uplift. It positions Lo Herma favourably in size against Ur-Energy’s nearby 8.8Mlb Shirley Basin ISR build, and Encore Energy’s 8.1Mlb Gas Hills ISR project. Importantly, over 30% of Lo Herma’s resource is lifted into Indicated classification with an expanded Exploration Target pointing the way to even greater potential for growth.
Given Lo Herma’s proximity to several major ISR production facilities within 60 miles, we believe this project has strong potential to transition into production. Our immediate focus is completing a Scoping Study in the 1st half of 2025. The upgrade to 8.57Mlbs plus the significant additional exploration target of 6-11Mlbs confirms our belief that this is just the starting point for Lo Herma. GTI’s combined uranium resources across its Wyoming projects, including the Great Divide Basin, are now 10.32Mlbs with a combined additional 12-20Mlbs of exploration target.”
Bruce Lane
Executive Director