(NewsDirect)
GTI Energy Ltd(ASX:GTR, OTC:GTRIF) executive director Bruce Lane discusses withProactive recent strength in the uranium spot price as well as trendsin the wider sector. Lane also outlines the investment case for GTRwhich includes the fact it’s based in the US which is the largestbuyer of uranium globally, as well as its focus on in-situ recovery -the most cost effective and environmentally friendly method of uraniummining. With an inferred resource of 5.71 million pounds of U3O8, GTIaims to kick off drilling at the project in November with theintention of upgrading resources.
Focussed on exploring for, defining and developingeconomic ISR Uranium resources – GTI Energy is part of Wyoming’sInsitu Recovery (ISR) uranium mining renaissance.
GTI saw US uranium supply’s collapse andanticipated the coming surge in demand for uranium as a core componentof America’s drive for homegrown, sustainable clean energysolutions. This led us to position GTI to be part of the resurgence indemand for uranium using the lowest-cost and cleanest method of mininguranium, ISR.
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