Interview with Bruce Lane, Executive Director of GTI Energy

Our previous interview: https://www.cruxinvestor.com/posts/gti-energy-asxgtr-revitalizing-americas-nuclear-fuel-supply-4888

Recording date: 4th March 2024

GTI Energy (ASX:GTR) is an emerging uranium developer focused on advancing the Lo Herma In-Situ Recovery (ISR) project in Wyoming's Powder River Basin. With a current resource of 5.7 million pounds and significant expansion potential, GTI is positioning Lo Herma as an attractive future production opportunity in a strengthening uranium market.

Lo Herma is located in a major U.S. uranium-producing region in Wyoming, surrounded by operating ISR mines and development projects owned by established players. GTI believes the project has strong geologic similarities to several successful nearby deposits.

The company's near-term focus is on growing the  Lo Herma resource through additional drilling to enhance the project's economic profile. GTI plans to drill 70-80 holes this year to upgrade and expand upon the existing 5.7 million pound resource to 10+ million pounds.

To support the technical work required to advance Lo Herma, GTI recently strengthened its team with the addition of Matt Hartman, an experienced ISR geologist and engineer. Hartman's expertise spans all facets of ISR project assessment and development, including economic studies. His knowledge and connections are expected to be valuable as GTI pursues further drilling and economic studies at Lo Herma over the next 12-24 months.

The company is preparing to raise additional capital to accelerate drilling and development activities at Lo Herma. The outlook for the uranium market continues to improve as more governments and utilities turn to nuclear energy to support clean energy goals. Prices have already rebounded to 11-year highs above $60/lb as major producers have cut supply and accelerated purchasing. Many analysts expect further price appreciation to incentivize the new production required to meet rising demand.

As the company expands and upgrades the resource and demonstrates the potential for an economically robust operation, the project should become increasingly attractive to investors looking for long-term uranium exposure. With a large, scalable resource in a prime location, an experienced technical team, and several potential catalysts on the horizon, GTI Energy appears to be an undervalued opportunity in the resurgent uranium space. 

Ongoing drilling success and a maiden economic study at Lo Herma could help the company re-rate towards its more advanced peers as the sector continues to gain momentum. GTI offers investors leveraged exposure to rising uranium prices through a relatively de-risked ISR project in a top U.S. jurisdiction.

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

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