Kalkine: GTI Energy (ASX:GTR) Gears Up for Summer Drilling as US Uranium Demand Heats Up

June 13, 2025 10:31 AM AEST | By Team Kalkine Media

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Kalkine: GTI Energy (ASX:GTR) Gears Up for Summer Drilling as US Uranium Demand Heats Up — Image source: shutterstock

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Highlights

Drilling preparations advance for Lo Herma ISR Uranium Project.

Resource upgrade and expansion targeted.

Rising uranium demand in the US supports development push.

GTI Energy (ASX:GTR) is advancing its strategic uranium ambitions in the United States, as it readies to commence drilling at the Lo Herma ISR Uranium Project located in Wyoming’s Southern Powder River Basin. This initiative follows a recently completed scoping study that reinforced the project's economic potential and viability.

Drilling to Enhance Resource Confidence

The company is currently finalising updates to its existing drill permit, setting the stage for a drill campaign during the upcoming US summer. The focus will be on upgrading the current inferred resource base to the indicated category and expanding the overall uranium resource at Lo Herma.

At present, approximately 30% of the resource is in the indicated category. GTI Energy aims to significantly increase this portion, targeting a total of at least 10 million pounds of uranium, with over half in the indicated category. Alongside drilling, the company also plans to collect additional water and metallurgical data to further refine its development roadmap.

Scoping Study Validates Potential

Although the full details of the scoping study have not yet been released on the ASX due to regulatory limitations linked to inferred resources, the company confirmed that the results were encouraging. The study validated baseline economic assumptions and provided a green light to proceed with further development and investment in the project.

This aligns with GTI Energy's broader objective of progressing toward production readiness while continuing to build confidence in its resource base through detailed exploration and technical assessments.

Favorable Market Dynamics

A key driver behind GTI Energy’s accelerated efforts is the anticipated surge in uranium demand within the United States. The federal government has outlined plans to construct 10 new nuclear reactors by 2030. Each of these reactors requires approximately 1.5 million pounds of uranium for initial fuel loading, while current domestic uranium production remains under 1 million pounds per year.

This substantial supply-demand imbalance positions GTI Energy’s Wyoming-based assets as strategically important. The company is closely watching uranium pricing trends, which are expected to respond positively to mounting demand from both the US and global nuclear energy sectors.

As GTI Energy continues to advance its development plans, the company remains aligned with the broader trend of nuclear energy's resurgence as a key component of clean energy transition strategies.

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