Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Gti Energy Ltd (GTR.ASX) |
|---|---|
| Release Time | 29 Jul 2025, 8:27 a.m. |
| Price Sensitive | Yes |
Quarterly Activities/Appendix 5B Cash Flow Report
- Positive Scoping Study completed at Lo Herma ISR Uranium Project
- A$4.5 million placement with Snow Lake Energy as cornerstone investor
- Drilling to commence in September 2025 following BLM approval
GTI Energy is advancing its flagship Lo Herma ISR Uranium Project in Wyoming, completing a positive Scoping Study that confirms the project's potential as a low-cost, scalable operation. The study results justify the company's commitment to the next phase of exploration and development, with fieldwork to focus on upgrading and expanding resources while collecting additional data. GTI also secured a $4.5 million placement, with strategic investor Snow Lake Energy acting as the cornerstone. Snow Lake is a 50/50 JV partner with Global Uranium & Enrichment in the adjoining Pine Ridge Project. With drilling set to commence in September 2025 following BLM approval, GTI is well-positioned to advance one of the few near-term U.S. uranium projects capable of supporting the country's nuclear energy revival. The company also holds high-potential projects in Wyoming's Great Divide Basin and Green Mountain area, as well as conventional uranium/vanadium assets in Utah's Henry Mountains.
GTI is committed to accelerating exploration, expanding its resource base, and delivering a project that contributes meaningfully to America's energy security and clean energy future.