Interview with Bruce Lane, Executive Director of GTI Energy LTD

Our previous interview: https://www.cruxinvestor.com/posts/gti-energy-asxgtr-revitalizing-wyomings-historical-isr-uranium-district-4419

Recording date: 10th January 2024

Australian uranium explorer GTI Energy is aggressively advancing its Lost Creek project towards production in Wyoming's prolific uranium district. Recent confirmation drilling has verified historical data, with mineralization intersected at depth beyond earlier drilling. GTI sees potential to delineate over 10 million pounds of uranium resources, sufficient to support a centralized in-situ recovery (ISR) processing plant in the district.

With capital costs estimated at $75-100 million for the processing facilities and wellfield infrastructure, the project requires additional scale. However major uranium miners active nearby point to robust economics from ISR operations in the region even at conservative long-term prices. GTI's Executive Director Bruce Lane highlights free cash flows ranging from $30-50 per pound based on all-in sustaining costs reported locally.

This potential upside as resources grow has prompted plans for further drilling both at Lost Creek and the company's nearby Green Mountain project. While equity financing remains an option, GTI is also actively engaged with North American institutional investors to broaden funding avenues and awareness amidst rising global uranium prices.

A strengthened on-the-ground presence in Wyoming will reinforce GTI's position amongst local miners and the project's strategic location for development. Past confirmation drilling has already derisked the historical database supporting current resources. Planned drilling aims to unlock the substantial expansion potential remaining from extensive past exploration across GTI's claims during uranium's 1970-80s boom era.

With global nuclear growth driving a pending supply shortfall, GTI Energy offers investors exposure to a potential near-term producer in a premier US uranium district on the doorstep of hungry nuclear utilities. Assuming delineation drilling confirms sufficient volumes, the project's centralized ISR processing plant could reap significant margins to underpin strong investment returns.
_

View GTI Energy's company profile: https://www.cruxinvestor.com/companies/gti-energy

Sign up for Crux Investor: https://cruxinvestor.com