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GTI Resources (ASX:GTI) - Executive Director, Bruce Lane - The Market Herald
Executive Director, Bruce Lane
Source: The Market Herald
  • Uranium and vanadium explorer GTI Resources (GTR) has entered back-to-back trading halts ahead of an upcoming capital raise and potential acquisition
  • The company will enter two trading halts, set to last for two days each, which will give GTI time to iron out and execute the final details of its capital raise plan
  • This means the company will commence trading no later than July 7
  • Just last week, GTI completed its maiden drill program at the Jeffery Project in Utah
  • Results from this are expected to be reported shortly
  • GTI went into a trading halt this morning and last traded for 3.4 cents each

Uranium and vanadium explorer GTI Resources (GTR) has entered back-to-back trading halts ahead of an upcoming capital raise and potential acquisition.

The company will enter two trading halts, set to last for two days each, which will give GTI time to iron out and execute the final details of its capital raise plan.

This means the company will commence trading no later than July 7.

June has been a busy month for the company, with progress made at both the Jeffery Project and Rats Nest in the Henry Mountains region in Utah.

On June 15, GTI received sample results, which confirmed the prospectivity of the Rats Nest project. Sample results showed the assay values ranging up to 0.87 per cent triuranium octoxide and 1.07 per cent vanadium pentoxide.

These results encouraged the company to extend its exploration at the Jeffery Project.

Last week, the company completed its maiden drill program at the Jeffery Project.

The program targeted 12 drill holes for uranium and vanadium mineralisation. Assay data from the drill holes are expected to be reported shortly.

Additionally, a drill core is being logged, cut and sampled for analysis, with results expected to be announced by mid-August.

GTI went into a trading halt this morning and last traded for 3.4 cents each.


Find out more about this capital raise


GTR by the numbers
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