AMU Announces Significant Uranium Resource Growth at Lo Herma Project
Key points
- 72% increase in Indicated Resources to 4.79Mlbs U3O8
- Total resources increased to 9.96Mlbs U3O8
- Resources within Scoping Study footprint increased to 7.38Mlbs U3O8
- Confidence improved from 32% to 54% Indicated
- Resources now stand at 11.62Mlbs U3O8 in Wyoming
Full summary
American Uranium Ltd (AMU) has announced a substantial increase in the Mineral Resource Estimate (MRE) for its Lo Herma Uranium Project in Wyoming's Powder River Basin. The updated MRE, following the completion of the 2025/26 drilling program, shows a 72% increase in Indicated Resources to 4.79 million pounds (Mlbs) of U3O8, bringing the total resources to 9.96Mlbs U3O8. Within the proposed Scoping Study footprint, resources have increased to 7.38Mlbs U3O8, with confidence improving from 32% to 54% Indicated. This update provides a stronger foundation for the Scoping Study targeted for early Q4 2026, supporting the progression from resource delineation to project development studies. The updated MRE also reflects a substantial increase in confidence and resource growth ahead of the planned Scoping Study.
Summary generated by a large language model. Please interpret with care.