GTI Energy (ASX:GTR) eyes uranium expansion amid U.S. nuclear revival

GTI Energy (ASX:GTR) has taken a material step toward redefining its role in America’s uranium supply chain, securing key approvals and locking in a drill schedule for its Lo Herma uranium project in Wyoming.

Positioned as one of the few near-term In-Situ Recovery (ISR) uranium plays in the U.S., the company is preparing for a potentially transformative second half of 2025.

With Bureau of Land Management (BLM) approval now confirmed and final state permitting expected in August, GTI is set to mobilise rigs in September for a 121 hole, 37,500 metre campaign.

The twin goals: expand its Mineral Resource Estimate (MRE) and upgrade a large portion of Inferred resources to the Indicated category critical steps in de-risking the project and laying the groundwork for a Final Investment Decision.

“With the uranium sector regaining strong institutional and government backing in the U.S., the Lo Herma Project is ideally positioned to help fill that critical supply gap,” said GTI Executive Director Bruce Lane.

The planned drilling at Lo Herma will focus on extensions north of proposed Mine Units 1 and 2, as well as infill drilling to increase confidence in existing resources.

Also included are hydrogeologic testing wells and diamond core samples for further metallurgical optimisation.

These are necessary components in progressing the ISR project toward production in an environmentally and economically viable manner.

Highlights:

• BLM permit secured; Wyoming state permit expected in August
• Drilling contractors engaged for 121-hole program (37,500m)
• Mobilisation set for September 2025
• Targeted MRE upgrade and Scoping Study update by year-end
• Strategic alignment with U.S. push for domestic uranium supply

GTI Energy currently reports a 6.21-million-tonne resource at Lo Herma grading 630ppm eU3O8, for 8.57 million pounds of uranium, with 32% in the Indicated category.

The aim is to grow this through defined Exploration Targets and deliver a revised Scoping Study before the year is out.

“This drilling is targeted to grow the resource by upgrading the current Exploration Target areas to the north of proposed Mine units 1 and 2, in addition to increasing the proportion of Indicated resources at the project,” Lane noted.

With 954 drill holes already defining the broader Lo Herma system and a strong exploration footprint in the Great Divide Basin and Utah’s Henry Mountains, GTI is building momentum.

Its dual-track approach, resource expansion at Lo Herma alongside strategic brownfield and greenfield assets, offers leverage to both rising uranium prices and geopolitical urgency around energy security.

For mid-cap investors eyeing the uranium revival in the U.S., GTI Energy offers a compelling proposition.

It combines near-term production potential with strategic exposure to one of the world’s most supportive jurisdictions for nuclear development.

If execution matches ambition, Lo Herma could become a linchpin asset in the push to rebalance America’s uranium dependence.