GTi Energy Advances Lo Herma Uranium Project with Key Drilling Approvals

Strategic Progress at Lo Herma

GTi Energy Ltd (ASX, GTR) has taken a significant step forward in its U.S. uranium ambitions with the Bureau of Land Management (BLM) granting approval for its 2025 drilling program at the Lo Herma Project in Wyoming. This milestone clears the way for the company to mobilise drilling operations as early as September, pending final state approval expected in August.

The Lo Herma Project is one of the few near-term, low-cost in-situ recovery uranium projects in the U.S., positioning GTi Energy to capitalise on the renewed momentum behind America’s nuclear energy revival. The project’s strategic location and alignment with the U.S. government’s push for domestic uranium supply growth underscore its potential significance in the evolving energy landscape.

Drilling Program and Objectives

GTi has secured contracts with Wyoming-based Single Water Services LLC and Hawkins CBM Logging Inc., both highly regarded for their expertise and operational excellence. The 2025 drilling campaign plans up to 121 drill holes covering approximately 37,500 metres, focusing on expanding the resource base north of proposed Mine Units 1 and 2 and upgrading inferred resources to higher confidence categories.

Beyond resource expansion, the program includes installing groundwater observation wells to support environmental stewardship and diamond drilling to collect core samples for metallurgical testing. These efforts aim to refine mineral processing techniques and underpin a revised Mineral Resource Estimate (MRE) and Scoping Study by the end of 2025, critical steps toward a Final Investment Decision for mine construction.

Broader Exploration Upside

GTi Energy’s portfolio extends beyond Lo Herma, with additional drill-permitted projects in Wyoming’s Great Divide Basin and Green Mountain area, as well as brownfield uranium and vanadium assets in Utah’s Henry Mountains. These assets offer further exploration upside, potentially enhancing the company’s resource base and strategic positioning in the U.S. uranium sector.

With over 950 drill holes completed historically and by GTi, the company is well-placed to leverage extensive geological data to optimise resource delineation and project economics. The ongoing drilling campaign is expected to deliver critical data that will shape the project’s development trajectory in the coming years.

Navigating Regulatory and Market Dynamics

While the BLM approval marks a major regulatory hurdle cleared, GTi awaits final sign-off from Wyoming’s Land Quality Division. The company’s confidence in securing this approval reflects the broader supportive environment for uranium projects in the U.S., driven by energy security concerns and government incentives.

GTi’s Executive Director Bruce Lane highlighted the project’s alignment with institutional and government backing, underscoring the potential to address critical supply gaps in the domestic uranium market. The successful execution of the 2025 drilling program will be a key catalyst for advancing Lo Herma toward production and value realisation.