
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
March 07, 2023
Description
The securities of GTI Energy Ltd (‘GTR’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of GTR, pending the release of an announcement regarding a capital raising.
Issued by
Ben Dawson
Adviser, Listings Compliance
Click here for the full ASX Release
This article includes content from GTI Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
GTR:AU
Sign up to get your FREE
GTI Energy Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
The Conversation (0)
27 July
GTI Energy
Investor Insight
GTI Energy presents an intriguing opportunity for investors seeking exposure to the uranium sector, given its focus on ISR projects in the US aligning well with macro trends in the nuclear energy industry and geopolitical shifts favouring domestic uranium production.
Overview
GTI Energy (ASX:GTR,OTCQB:GTRIF) is an Australia-based uranium exploration and development company focused on uranium projects in Wyoming, USA, that are amenable for in-situ recovery (ISR). In uranium mining, ISR is the lowest cost and least environmentally damaging form of uranium recovery, especially when alkaline leach and ion exchange processes are utilised.
The company’s flagship Lo Herma project in the Powder River Basin is a sandstone-hosted roll front uranium deposit, which contains a recently updated mineral resource of 8.57 million pounds (Mlbs) of U₃O₈ at an average grade of 630 parts per million (JORC 2012 compliant), with a substantial additional exploration target in the range of 6 to 11 Mlbs – GTI recently completed an interim Scoping Study on this project. GTI also holds projects in the Great Divide Basin (inferred resource of 1.66 Mlbs) and Green Mountain areas of Wyoming, as well as earlier-stage conventional uranium/vanadium assets in Utah. As of the latest update, GTI has delineated total combined uranium resources of 10.23 Mlbs (indicated and inferred) and combined exploration targets ranging from 12.14 to 15.21 million tonnes across its Wyoming projects.
Wyoming’s ISR uranium processing assets and GTI project locations
GTI is positioning itself to take advantage of the worsening uranium supply deficit and rapidly growing demand for uranium, particularly from the United States. The US remains the world’s largest consumer of uranium but imports over 95 percent of its supply. GTI’s strategy centres on developing low-cost ISR uranium projects in Wyoming – historically one of the most productive uranium regions in the US – with established infrastructure, regulatory support, and proximity to existing ISR processing facilities.
The uranium market is experiencing a serious supply deficit and a significant resurgence in demand driven by several factors:
- Supply constraints following decades of underinvestment and an overreliance on Russian and Kazakh supply chains;
- Rapid growth in global electricity demand and recognition of nuclear energy as a clean baseload source aligned with decarbonization targets;
- Geopolitical realignment leading to a bifurcated uranium market, with the US banning imports of Russian nuclear fuel as of August 2024, intensifying the urgency for domestic supply security;
- Accelerating momentum for SMRs (Small Modular Reactors), nuclear restarts, and new gigawatt-scale builds in the US and abroad.
In the United States specifically, there is bipartisan policy support for revitalising the domestic uranium industry. Key initiatives include the formation of a strategic uranium reserve, over US$6 billion in grants for existing nuclear facilities, and tax incentives for new builds under the Inflation Reduction Act. Additionally, the US Department of Energy has called for tripling US nuclear capacity to 300 gigawatts by 2050. Demand signals are also coming from private sector growth, particularly AI-driven data centre development and long-term net-zero pledges by institutional investors and banks.
GTI Energy’s project strategy
In the longer term, GTI recognises the value potential of consolidation within the fragmented US uranium sector. The company remains open to strategic partnerships, joint ventures or merger and acquisition opportunities that could accelerate its development timeline, enhance scale, and unlock synergies. Such initiatives could ultimately strengthen GTI’s path to production and improve its overall value proposition to shareholders.
Company Highlights
- GTI Energy is focused on ISR-amenable uranium projects in Wyoming, USA.
- GTI has completed an interim Scoping Study on its flagship Lo Herma project in the Powder River Basin which contains a recently updated mineral resource of 8.57 Mlbs of U₃O₈ at average grade of 630 ppm.
- GTI also holds drill permitted projects with defined resources and exploration targets in the Great Divide Basin and Green Mountain areas in Wyoming, and uranium-vanadium assets with significant recent exploration data in Utah.
- To date, GTI has delineated total combined uranium resources of 10.23 Mlbs (indicated and inferred) and substantial combined exploration targets in the range 12 to 20 Mlbs across its Wyoming projects.
- Wyoming is a historically significant uranium producing region with existing infrastructure and a supportive regulatory environment.
- GTI is well-placed to take advantage of the worsening uranium supply deficit and rapidly growing demand for uranium, particularly from the United States, the world’s largest consumer of uranium.
Key Projects
Wyoming Uranium Projects
GTI's focus on Wyoming ISR projects positions it well to capitalize on trends in the uranium sector. ISR mining is generally faster to build, lower cost, and more environmentally friendly than conventional mining methods. Wyoming has a long history of uranium production and hosts current producers and several additional permitted processing facilities, potentially allowing for rapid development of new projects.
The Wyoming projects – comprising the Lo Herma, Great Divide Basin, and Green Mountain projects – are located in the Powder River and Great Divide Basins.
JORC Resources and Exploration Targets
Lo Herma
The company’s exploration work is currently centered on advancing its 100 percent owned flagship Lo Herma project, where drilling in 2023 and 2024 successfully verified and expanded the historical drill hole database. As of December 2024, the project hosts a JORC-compliant mineral resource estimate of 8.57 Mlbs of U₃O₈ at an average grade of 630 ppm, comprising 2.78 Mlbs indicated and 5.79 Mlbs inferred.
The Lo Herma project is located just 10 miles from Cameco's Smith Ranch-Highland facility – the largest ISR uranium plant in the United States – and is ideally situated for potential future production synergies. In addition to the current resource, the company has defined an exploration target of 6 to 11 Mlbs, with over 950 drill holes completed across the project area.
GTI completed hydrogeologic field testing and metallurgical leach studies during the March 2025 quarter. Results demonstrated that Lo Herma mineralisation is amenable to alkaline ISR recovery with uranium recoveries averaging 75 percent, consistent with other ISR operations in the district.
Following the successful completion of these studies, GTI delivered an interim scoping study in Q2 2025, managed by BRS Engineering. The study confirmed the project’s potential viability and outlined attractive baseline economics for both central processing and satellite mining development options. The company is now finalising plans for a follow-up drilling campaign in H2 2025. This next phase will include infill and step-out drilling to increase overall mineral resources and upgrade resource classification, while collecting further hydrogeological and metallurgical data.
Great Divide Basin and Green Mountain
The company continues to progress its additional Wyoming projects, including the Great Divide Basin and Green Mountain areas. Drilling is permitted for 2025, positioning GTI to unlock further value across these strategic tenements.
The Great Divide Basin project includes the Thor, Logray, Loki, Odin, Teebo and Wicket claims. It holds a JORC inferred mineral resource of 1.66 Mlbs of U₃O₈ at 570 ppm, and a defined exploration target of 6.55 to 8.11 million tonnes grading 420 to 530 ppm. The area benefits from significant historical exploration data and proximity to major uranium infrastructure, including Ur-Energy’s Lost Creek plant and Rio Tinto’s Sweetwater Mill.
GTI’s footprint in this region was expanded by acquiring the Green Mountain project, which includes 5,585 hectares of contiguous claims directly adjoining Rio Tinto’s tenements. Historical drilling and geophysical surveys confirm the presence of uranium mineralisation in sandstone-hosted roll fronts within the Battle Springs formation.
Green Mountain lies adjacent to notable regional projects including Energy Fuels’ Sheep Mountain (30 Mlbs), Ur-Energy’s Lost Soldier, and UEC’s Antelope deposits, positioning GTI near major development and production infrastructure in the basin.
Utah
Henry Mountains Uranium Project
GTI’s Henry Mountains project in Utah is a brownfields uranium-vanadium opportunity located within the prolific Colorado Plateau uranium province. Exploration has focused on a 5 km mineralised trend between the Rat Nest and Jeffrey claim groups, including the Section 36 state lease.
Uranium and vanadium mineralisation in this area is shallow – typically 20 to 30 metres deep – and has historically supported significant production. Since 1904, the district has yielded more than 92 Mlbs of U₃O₈ and 482 Mlbs of V₂O₅ from sandstone-hosted ores. The project remains a strategic asset with future development or transactional optionality as GTI advances its Wyoming portfolio.
Management Team
Bruce Lane - Executive Director
Bruce Lane has significant experience with ASX-listed and large industrial companies. Lane has held management positions in many global blue-chip companies as well as resource companies and startups in New Zealand, Europe and Australia. He holds a master’s degree from London Business School and is a graduate member of the Australian Institute of Company Directors. Lane has led a number of successful acquisitions, fund raising and exploration programs of uranium and other minerals projects during the last 20 years, most notably with ASX listed companies Atom Energy, Stonehenge Metals and Fenix Resources (FEX).
Matt Hartmann - Director
ISR uranium specialist Matt Hartmann is an executive and technical leader with more than 20 years of international experience and substantial uranium exploration and project development experience. He first entered the uranium mining space in 2005 and followed a career path that has included senior technical roles with Strathmore Minerals and Uranium Resources. He is also a former principal consultant at SRK Consulting where he provided advisory services to explorers, producers and prospective uranium investors. Hartmann’s ISR uranium experience has brought him through the entire cycle of the business, from exploration, project studies and development, to production and well field reclamation. He has provided technical and managerial expertise to a large number of uranium ISR projects across the US including, Smith Ranch – Highland ISR Uranium Mine (Cameco), Rosita ISR Uranium Central Processing Plant and Wellfield (currently held by enCore Energy), the Churchrock ISR Uranium project (currently held by Laramide Resources), and the Dewey-Burdock ISR Uranium project (currently held by enCore Energy).
Simon Williamson - Non-executive Director
Simon Williamson was general manager and director of Cameco Australia until late 2023 and has significant uranium industry experience, networks and skills from his 13 years at Cameco. During his tenure with Cameco, Williamson managed relations with key government ministers and departments and community stakeholders. He managed project approvals processes, including negotiations with State and Federal agencies and reviewing the PFS for the Yeelirrie project.
Williamson was intimately involved in obtaining environmental approval for the Kintyre and Yeelirrie uranium projects, including developing and implementing a program of environmental baseline studies, government and community consultation and negotiating land access. Prior to his appointment as general manager, he led the government and regulatory affairs, environmental and radiation safety activities of Cameco in Australia.
James (Jim) Baughman - Executive Director
James Baughman is a highly experienced Wyoming uranium geologist and corporate executive who will help guide the company’s technical and commercial activities in the US. Baughman is the former president and CEO of High Plains Uranium (sold for US$55 million in 2006 to Uranium One) and Cyclone Uranium.
Baughman has more than 30 years of experience advancing minerals projects from grassroots to advanced stage. He has held senior positions (i.e., chief geologist, chairman, president, acting CFO, COO) in private and publicly traded mining & mineral exploration companies during his 30-year career.
He is a registered member of the Society of Mining, Metallurgy, Exploration and a member of the Society of Economic Geologists with a BSc in geology (1983 University of Wyoming) and is a registered professional geologist (P. Geo State of Wyoming). Baughman is a registered member of the Society of Mining, Metallurgy, and Exploration (SME) and a qualified person (QP) on the Toronto Stock Exchange (TSX) and Australian Stock Exchange (ASX).
Petar Tomasevic - Non-executive Director
Petar Tomasevic is the managing director of Vert Capital, a financial services company specializing in mineral acquisition and asset implementation. He has worked with several ASX-listed companies in marketing and investor relations roles. Tomasevic is fluent in five languages. He is currently appointed as a French and Balkans language specialist to assist in project evaluation for ASX-listed junior explorers. Most recently, he was a director at Fenix Resources (ASX:FEX), which is now moving into the production phase. He was involved in the company’s restructuring when it was known as Emergent Resources. Tomasevic was also involved in the company’s Iron Ridge asset acquisition, the RTO financing, and the development phase of Fenix’s Iron Ridge project.
Keep reading...Show less
Disrupting the uranium supply chain through highly prospective ISR projects in Wyoming
28 July
Quarterly Activities/Appendix 5B Cash Flow Report
23 July
Lo Herma Drilling Permit & Contract Confirmed
14 July
Company Update - Name Change to 'American Uranium Limited'
10 July
Placement Shares Issued & Drilling Approval Expected August
29 June
A$4.5M Placement to Underpin Resource Growth Strategy
16h
Uranium Price Update: Q2 2025 in Review
The uranium market entered Q2 on shaky footing, with spot prices slipping to around US$63.50 per pound (March 13)—the lowest level in 18 months—as utilities hesitated to contract amid ample secondary supply and demand uncertainty.
By early June, however, spot prices rebounded to the US$70–US$71 per pound range, buoyed by geopolitical tailwinds and renewed nuclear policy support in the US.
While the spot market showed typical volatility, long-term contract prices remained stable around US$80 for the first six months of the year, underscoring producer discipline.
Utilities have so far stayed largely on the sidelines, but expectations are mounting for a wave of contracting in the second half.
H1 2025 uranium pirce performance. Chart via Cameco.
Uncertainty impacting utility sentiment
Trade tensions and tariff threats from US President Donald Trump have been a catalyst for volatility in the uranium market through the first half of 2025.
Term uranium contracting remains well below replacement levels despite firm prices and growing demand, according to Oceanwall’s Ben Finegold.
“Term prices are sitting around US$80 per pound right now—roughly US$6 to US$7 above spot—but it’s still extremely difficult to get reliable data on actual volumes and pricing,” said Finegold during the Bloor Street Capital Virtual Uranium Conference in June.
By mid-year only 25 million pounds had been contracted, putting the market on track to fall 75 percent short of replacement-rate contracting. That shortfall has been a recurring issue, with contracting volumes lagging for more than a decade.
While 2023 saw the strongest term contracting in years (160 million pounds), about 30 percent of that came from a single deal. In 2024, 110 million pounds were contracted, well above where 2025’s totals are likely to fall.
Uncertainty continues to weigh heavily on term uranium contracting, particularly among U.S. utilities, who remain unsure about the future of US-Russia relations and whether Russian supply will remain accessible.
“There’s a certain naivety among fuel buyers,” said Finegold, referencing a recent conversation with a former buyer who suggested utilities have grown used to a decade-long environment where they could easily dip in and out of the spot or term market.
But that era may be ending.
“I just don’t see a situation where the supply-demand fundamentals get better for utilities,” the source added.
Despite global momentum—31 countries aim to triple or quadruple nuclear capacity by 2050 and the US government has pledged US$75 billion toward domestic reactor builds—contracting volumes remain surprisingly low.
“It’s a pressure cooker,” said Finegold. “At some point something has to give—and when utilities return to the term market, history shows they tend to do so all at once.”
Supply gap to collide with surging demand
From a structural perspective, the market is grappling with a widening supply deficit: global production in 2024 met just 80 percent–90 percent of reactor demand, with the shortfall made up through inventories and spot purchases—a buffer that is fading fast.
Meanwhile, development pipelines are thin, projects suffer regulatory delays, and geopolitical constraints—including Russia sanctions—further limit available supply options. Further compounding the issue are the 69 nuclear reactors that are in the process of being built, in addition to the 440 operational reactors around the globe.
The need for uranium is especially prevalent in the US where 45 million pounds are consumed annually, while the country produces roughly 1 percent of that.
In an effort to remedy this discrepancy, President Trump issued several Executive Orders in early 2025 and targeted energy production in his “big beautiful bill”.
Included within these measures Trump has proposed an increase in nuclear energy targeting 400 gigawatts by 2050.
The uptick would mark a fourfold increase from the country’s current 100 gigawatts of capacity—far exceeding the International Atomic Energy Agency’s projected range of 89 to 142 gigawatts for all of North America.
If realized, this expansion would push U.S. uranium demand from about 50 million pounds of U3O8 equivalent annually to nearly 200 million pounds—an amount that alone would nearly double current global mine output, which UxC estimates at 164 million pounds for 2025.
“The US is signaling a once-in-a-generation commitment to domestic uranium independence and advanced nuclear deployment,” wrote Sprott’s Jacob White, in a June uranium report.
While the scale of future demand will depend on execution challenges such as permitting, grid infrastructure, and financing, analysts say the scenario presents “asymmetrically positive” risk, offering potential upside to long-term uranium demand forecasts.
This thesis was further bolstered when the Trump admin fast tracked permitting for the Anfield Energy’s (TSXV:AEC,OTCQB:ANLDF) Velvet-Wood project in Utah and Laramide Resources' (TSX:LAM,ASX:LAM,OTCQX:LMRXF) Crownpoint-Churchrock and La Jara Mesa uranium projects in New Mexico.
“For the first time under the current policy framework, a uranium mine, Anfield’s … received US approval in just 14 days,” the Sprott report noted.
“This demonstrates how quickly support for domestic supply can translate into tangible action. The project was permitted under Trump’s emergency energy declaration, reinforcing a shift toward uranium as a strategically vital input.”
Elsewhere uranium supply could face headwinds. Kazakhstan, which accounts for roughly 40 percent of global uranium output, is unlikely to boost production meaningfully.
“I see Kazakhstan as sort of the 800 pound gorilla in the room,” said Finegold.
Kazatomprom, the country’s state-owned uranium company, reduced its 2025 production guidance, by 12 percent–17 percent, due to a critical shortage of sulfuric acid, the chemical essential for its in-situ leach mining process.
Further complicating the outlook, the company’s planned acid production facility isn’t expected online until 2026 or later. Additionally, anticipated increases in Kazakhstan’s mineral extraction tax beginning in 2025 threaten to raise production costs significantly, eroding the company’s historical cost advantage over peers.
Finegold also sees potential issues arising in projected Canadian supply. He noted that the market assumes that developers like NexGen Energy (TSX:NXE,NYSE:NXE), Denison Mines (TSX:DML,NYSEAMERICAN:DNN), Fission Uranium (TSX:FCU), and Paladin Energy (ASX:PDN,OTC:PALAF) will hit timelines and budgets
“And that's just not how uranium mining works,” he said, pointing to similar issues with North American counterpart Peninsula Energy ASX:PEN,OTC:PENMF).
Peninsula just canceled contracts for 2 million pounds—that demand doesn’t disappear,” he said. “It’ll need to be filled elsewhere, likely via the spot market.”
Uranium-themed equities surge on global nuclear momentum
As highlighted in the Sprott report uranium’s mid-year price ignited a rally in mining equities which posted a 16.22 percent gain by June.
“This sharp equity rebound points to the sector’s leverage to increases in the spot price and catch-up potential, especially as investor sentiment begins to recover,” it read.
Furthermore, the Sprott Physical Uranium Trust’s (TSX:U.U,OTCQX:SRUUF) mid-June US$200 million capital raise bolstered market sentiment and boosted uranium prices and equities.
As John Ciampaglia, CEO of Sprott explained during the virtual uranium event, the move was a strategic play aimed at taking advantage of what the firm viewed as a temporary and unsustainable dip in uranium prices.
He noted investors from Australia led the raise, followed by North American and European interest.
Van Eck's Uranium and Nuclear Technologies UCITS ETF (LSE:NUCL), also made large gains in 2025, growing its assets under management to over US$500 million in mid-June and then to US$926.6 million by the end of July.
Discussing the significant uptick, Kamil Sudiyarov, senior product manager at VanEck Europe, told the Investing News Network the growth has been attributed to heightened interest in the energy sector.
“Nuclear re-entered the public conversation in 2024,” said Sudiyarov, noting the shift followed years of muted sentiment in the wake of the 2011 Fukushima disaster.
While 2022 marked the initial turning point—spurred by Europe’s energy crisis and an urgent search for stable power sources—it wasn’t until last year that nuclear power fully took center stage.
“In 2022 and 2023, the uranium price story led the narrative, but in 2024, nuclear itself became the headline,” he said, pointing to growing political support and corporate endorsement, including power purchase agreements signed by major US tech firms.
The fund also benefited from its lighter exposure to uranium prices compared to peers, allowing it to outperform during a period of spot price softness. “That combination of strong nuclear sentiment and more resilient positioning helped us attract significant inflows.”
Tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure Index, the fund holds roughly 33 companies across the uranium fuel cycle, reactor technologies, services, and utilities.
The ETF is structured around three distinct pillars, according to Sudiyarov.
“The first pillar is uranium miners and companies in the uranium business,” he said, noting this includes traditional miners as well as firms like Yellow Cake that stockpile physical uranium.
The second category focuses on nuclear pure plays, including small modular reactor (SMR) developers like NuScale (NYSE:SMR) and domestic nuclear fuel producers such as Centrus Energy (NYSE:LEU).
The third pillar was developed to broaden exposure beyond competitors’ uranium-heavy strategies.
“We wanted a more even split,” Sudiyarov explained. “So we decided to tap into industrial conglomerates with significant nuclear business units.”
On the investor side, interest in uranium appears to be growing.
“Last year, I had maybe one or two calls about uranium. This year, I’ve had a lot already,” he said, suggesting rising attention from institutional investors.
Growing political acceptance, especially around energy security and defense, has helped reduce the hesitation seen among more conservative investors.
“Once they realize the theme is back in vogue, they feel more comfortable,” he said.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Keep reading...Show less
28 July
Peter Grandich: Copper, Uranium in "Perfect Storm," My Strategy Now
Peter Grandich of Peter Grandich & Co. underscored the fundamentals of the uranium market and his expectations for equities.
"I don't think uranium has to go to US$200 in order to make money,” Grandich said. "I just think it needs to go back to where it was a couple years ago, a little above US$100, and these stocks will quadruple."
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
25 July
Terra Clean Energy Corp. to Present at Emerging Growth Conference
TERRA CLEAN ENERGY CORP. (“ Terra ” or the “ Company ”) (CSE: TCEC, OTCQB: TCEFF , FSE: C 9O0) , is pleased to announce that it has been invited to present at the Emerging Growth Conference on August 21, 2025 at 10:15 a.m.
The Company invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation on the Emerging Growth Conference. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with Greg Cameron, CEO, in real time. Mr. Cameron will perform a presentation and may subsequently open the floor for questions. Please submit your questions in advance to Questions@EmergingGrowth.com or ask your questions during the event and Greg Cameron will do his best to get through as many of them as possible.
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmerginGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference .
Please register here to ensure you are able to attend the conference and receive any updates that are released:
https://goto.webcasts.com/starthere.jsp?ei=1717088&tp_key=22f1f30884&sti=tceff
About the Emerging Growth Conference
The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.
The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.
All sessions will be conducted through video webcasts and will take place in the Eastern time zone.
About Terra Clean Energy Corp.
Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Uranium Deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.
“Greg Cameron”
Greg Cameron, CEO
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.
*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca .
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Greg Cameron, CEO
Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
Keep reading...Show less
24 July
xU3O8 (uranium.io)
Investor Insight
Purpose-built for today’s energy transition, xU3O8 sits at the intersection of technology, finance, and nuclear energy, offering a simplified and transparent alternative to legacy uranium investments amid surging global demand. The xU3O8 token, now accessible on leading global exchanges, is a groundbreaking digital asset that provides direct, efficient exposure to the uranium market.
Overview
Uranium.io is a next-generation platform revolutionizing how investors access and trade physical uranium (U3O8). By leveraging blockchain technology, it enables individuals and institutions to directly own and trade uranium, bypassing many of the inefficiencies, opacity and high costs traditionally associated with uranium exposure. Each xU3O8 token represents real, physical uranium stored securely in a regulated depository operated by Cameco, with Archax, a UK-regulated digital asset firm, as the custodian for the physical uranium ensuring transparency and trust in asset backing.
The platform is designed to meet growing investor demand for exposure to uranium, a commodity that is a critical component of the global energy transition. As countries commit to reducing carbon emissions, nuclear energy is increasingly seen as a reliable and scalable source of low-carbon electricity. Governments across North America, Europe and Asia are ramping up their nuclear energy capacities, as part of their net-zero targets. This includes restarting idled reactors, constructing new reactors, and accelerating the development of small modular reactors.
Nuclear power is also emerging as a stable and scalable option for supporting artificial intelligence (AI) data centers, which require massive amounts of electricity to operate. Industry leaders, including Microsoft, have announced nuclear energy investments, and several technology firms have secured long-term agreements for nuclear power.
Like gold and silver before it, uranium is entering a phase of financialization — with physical holding trusts, ETFs, and now platforms like uranium.io offering direct physical uranium ownership via xU3O8, making it more accessible to a wider set of investors.
As traditional financial markets converge with digital innovation, tokenized assets are becoming a preferred vehicle for commodities investing. Uranium.io’s use of the Etherlink blockchain ensures secure, real-time trading with minimal friction — a distinct advantage in an increasingly digitized investment landscape.
Development of the uranium.io platform is led by the team at London-based Trilitech, a group of entrepreneurs and technologists driving blockchain innovations.
With its emphasis on direct fractional ownership and 24/7 worldwide accessibility, xU3O8 is uniquely positioned to serve as the gateway to physical uranium exposure for a global investor base. Alignment with broader energy and digital asset trends makes it a compelling vehicle for those seeking to capitalize on uranium’s strong fundamentals and the disruptive power of decentralized finance.
In July 2025, the company launched its xU3O8 token on KuCoin, MEXC, and Gate.io — ushering in a new era of uranium investment. This simultaneous, multi-platform listing marks a major milestone in the evolution of real-world asset (RWA) tokenization, delivering institutional-grade exposure to uranium markets to a combined audience of over 115 million global traders.
By debuting across multiple top-tier platforms, xU3O8 ensures broad accessibility and liquidity for investors:
- KuCoin – With over 41 million users in 200+ countries, KuCoin offers a full suite of trading services—spot, margin, options, and futures. As a technology-first exchange focused on accessibility, KuCoin shares xU3O8’s mission to dismantle traditional investment barriers.
- MEXC – Founded in 2018, MEXC serves 36 million users globally and has seen explosive 2024 growth: 143 percent increase in spot trading and 118 percent in futures. Its intuitive platform makes crypto trading “simple, accessible, and rewarding,” mirroring xU3O8’s goal of democratizing uranium investment.
- Gate.io – Ranked among the top 3 global crypto exchanges by real trading volume, Gate.io boasts 32 million users and supports over 3,600 digital assets. With institutional-grade security and a commitment to 100 percent reserve holdings, Gate.io provides the infrastructure essential for tokenized commodity trading.
Each xU3O8 token represents fractional ownership of physical uranium ore concentrate (yellowcake) securely stored by Cameco in regulated facilities, eliminating the high barriers to entry that once restricted uranium investment to institutions and major corporations.
Company Highlights
- Uranium.io is a pioneering platform for buying and selling uranium, providing direct ownership of physical uranium via a blockchain-powered token xU3O8.
- Built on Etherlink, powered by Tezos technology, enabling transparency, low fees, energy efficiency and programmable compliance.
- FCA-regulated digital asset custodian, Archax, holds physical uranium in trust on behalf of token holders.
- Physical supply is brokered by Curzon Uranium, a trusted uranium trading and logistics partner with deep industry roots and over $1 billion in uranium trades.
- The uranium bought on the platform is physically stored at a regulated depository owned and operated by Cameco, one of the world’s leading global uranium providers/converters.
- Global 24/7 market access offering fractionalized and direct uranium exposure with real-time settlement and cross-border accessibility.
- Capitalizing on nuclear energy’s role in clean energy transition and the financialization of critical minerals.
- The company has launched the xU3O8 token across three of the world’s leading cryptocurrency exchanges: KuCoin, MEXC, and Gate.io.
Technology Platform
Uranium.io is built on a secure, decentralized technology stack that integrates blockchain infrastructure, digital asset custody, and real-world commodity supply — delivering unprecedented access and transparency to the uranium market. The platform bridges traditional commodities trading with Web3 innovation, allowing users to seamlessly acquire, hold and trade physical uranium via xU3O8 tokens.
Blockchain Infrastructure: Etherlink, Powered by Tezos
At the heart of xU3O8’s digital asset engine is the Tezos blockchain, a highly secure, energy-efficient and self-amending Layer 1 protocol. Tezos is uniquely suited to power real-world asset tokenization due to its low transaction costs and energy efficiency; on-chain governance and smart contract flexibility; and enterprise-grade security and decentralization.
Tezos’ track record with real-world assets, including tokenized real estate and art, positions it as an ideal foundation for the secure, scalable digitization of uranium ownership.
Digital Custody: Archax
To ensure that each xU3O8 token is backed with physical uranium, uranium.io is supported by Archax, a London-based, digital asset custodian and exchange regulated by the Financial Conduct Authority. Archax provides regulated asset custody, KYC/AML-compliant onboarding, and real-time asset reconciliation.
Archax brings institutional-grade governance and accountability to the storage and oversight of physical uranium, ensuring that investor holdings are not just theoretical but physically secured.
Physical Supply: Curzon Uranium
Access to physical uranium is facilitated by its partnership with Curzon Uranium, a specialized uranium trading and logistics firm. Curzon acts as the platform’s uranium provider, sourcing, purchasing and delivering uranium from trusted upstream suppliers to secure storage.
Curzon’s decades of experience in uranium procurement adds physical credibility and market depth to the xU3O8 ecosystem — making the platform more than just a digital asset project, but a fully integrated uranium trading platform.
Physical uranium storage: Cameco
The physical uranium ore concentrate (U3O8) is securely stored at a regulated storage facility, operated by Cameco, one of the three globally recognized uranium conversion and storage providers. For transparency, Proof of Reserves is always available on the website and is updated with monthly statements from Cameco.
Together, Tezos, Archax and Curzon Uranium form the digital, custodial and physical backbone of the uranium.io platform. This trio of technologies and partnerships ensures a secure, compliant and efficient path for investors to gain physical uranium exposure — fractionalized, tokenized and tradable 24/7 on a global scale.
Keep reading...Show less
24 July
xU3O8 Token Launches on Major Global Trading Venues: KuCoin, MEXC and Gate.com
The simultaneous listing of the xU3O8 token across major cryptocurrency trading venues: KuCoin, MEXC, and Gate.com has been announced today. This multi-platform launch marks a significant milestone in real-world asset (RWA) tokenization, bringing institutional-grade uranium investment to a combined user base of over 115 million traders worldwide.
The xU3O8 token represents fractional ownership of physical uranium ore concentrate (yellowcake) stored with Cameco in regulated facilities. This breakthrough democratizes access to the uranium market, which previously required minimum investments of 100,000 lbs (approximately $7.2 million) and specialized broker relationships, effectively limiting participation to institutional investors and large corporations.
The coordinated listing across leading trading venues ensures maximum accessibility and liquidity for xU3O8 tokens:
- KuCoin, trusted by over 41 million users across 200+ countries, provides comprehensive trading services including spot, margin, options, and futures. As a pioneering technology platform, KuCoin is committed to user-centric principles and making cryptocurrency accessible to everyone, resonating with xU3O8’s goal of breaking down traditional investment barriers.
- MEXC, founded in 2018 and serving 36 million global users, has demonstrated remarkable growth with a 143% increase in spot trading volume and 118% jump in futures trading volume throughout 2024. Known for making crypto “simple, accessible, and rewarding,” MEXC’s user-friendly platform aligns perfectly with xU3O8’s mission to democratize uranium investment.
- Gate.com, one of the world’s top 3 cryptocurrency exchanges by real trading volume with over 32 million users, brings institutional-grade security and supports 3,600+ digital assets. As an industry pioneer committed to 100% reserve holdings, Gate.com provides the robust infrastructure needed for tokenized commodities.
The listing comes at a pivotal moment for uranium markets. According to the World Nuclear Association, uranium demand is projected to increase 28% by 2030 and 51% by 2040, driven by global decarbonization efforts, energy security concerns, and the rapid expansion of AI infrastructure requiring reliable baseload power. The uranium market already faces a significant supply-demand imbalance, with global production in 2024 at approximately 155 million lbs falling short of current demand at 197 million lbs, creating a deficit of over 40 million lbs per year, without accounting for additional reactors coming online
The multi-platform listing eliminates traditional barriers that have kept uranium investment exclusive. Investors can now start with any amount instead of millions of dollars, benefit from instant blockchain settlement versus 14-30 day traditional settlement cycles, and access global trading 24/7 from anywhere versus limited OTC market hours. xU3O8 provides complete on-chain visibility versus opaque traditional markets and enables continuous trading across multiple venues versus limited OTC liquidity.
The RWA tokenization market is projected to reach $16 trillion by 2030, with commodities representing a significant portion of this growth. xU3O8’s multi-platform listing provides a blueprint for how traditional commodity markets can be revolutionized through blockchain technology.
Built on Tezos blockchain technology via Etherlink, xU3O8 leverages a sophisticated smart contract architecture. The primary layer tracks physical uranium holdings while the secondary layer manages fractional ownership. xU3O8 trading is now live across all trading venues, with users able to access detailed market data, trading charts, and educational resources through each platform’s interface. The coordinated launch ensures optimal liquidity and price discovery across global markets.
Click here to connect with xU3O8 to receive an Investor Presentation
Keep reading...Show less
23 July
Major Uranium Deposit Find Lifts Beijing’s Nuclear Ambitions
China has discovered a new uranium deposit in the Tarim Basin at a depth of 1,820 meters, the deepest recorded for sandstone-type uranium in the country, according to state-owned China National Nuclear Corporation (CNNC).
CNNC said the discovery was made through a combination of deep drilling and predictive geological modeling and is part of a broader strategy to reduce reliance on imported nuclear fuel.
This type of deposit, long favored for its relative ease and low cost of extraction, is emerging as a crucial part of China’s strategy to reduce reliance on foreign uranium amid an unprecedented expansion of its nuclear power fleet.
“By implementing relatively deep drilling verification, we finally discovered thick industrial uranium mineralisation in the desert heart,” said Qin Mingkuan, principal investigator at CNNC, as quoted by state broadcaster CCTV.
According to official data, China imported about 13,000 metric tons of uranium in 2023, while domestic production amounted to just 1,700 metric tons. However, demand is still soaring.
The International Atomic Energy Agency estimates that China’s nuclear fleet could require over 40,000 metric tons of uranium annually by 2040, nearly triple today’s global annual uranium production.
Shifting ground
Until recently, most of China’s uranium was extracted from granite and volcanic rock formations in the southern provinces, which are harder to mine and less scalable.
In contrast, sandstone-hosted uranium, found in northern regions like Inner Mongolia and Xinjiang, is more conducive to in-situ leaching, a process that allows for less invasive, lower-cost recovery.
According to CNNC, The newly discovered deposit in Tarim is a proof point for China’s investment in geophysical modeling, which it used remote sensing and predictive analytics to identify the site before drilling.
The achievement is also being seen as a technological validation for CNNC’s flagship “National No. 1 Uranium” demonstration project in the Ordos Basin in Inner Mongolia — now the country’s largest uranium production base by capacity. Earlier this month, that site produced its first barrel of uranium, just a year after breaking ground.
The project employs advanced in-situ leaching techniques that use carbon dioxide and oxygen-enriched water to extract uranium from underground ore bodies. The process is touted as not only environmentally cleaner than traditional mining, but also more efficient.
Strategic push for uranium
China’s renewed focus on domestic uranium forms part of its overall strategy to support its nuclear energy ambitions, which are now among the most aggressive in the world. According to a report from Goldman Sachs (NYSE:GS), roughly half of all nuclear reactors currently under construction worldwide are located in China.
As of the end of 2024, the country had 58 operational reactors generating about 56.9 gigawatts of electricity, with another 32 reactors under construction expected to add more than 34 gigawatts of capacity.
Dozens more are in the planning pipeline.
The China Nuclear Energy Association further projects that installed capacity will reach 200 gigawatts by 2040 — a level that would more than double the current US nuclear fleet and make China the undisputed global leader in atomic energy.
To fuel that expansion, China has adopted a “three-thirds” approach: one-third of uranium to be sourced domestically, one-third from overseas joint ventures or equity stakes, and one-third purchased on the open market.
But recent geopolitical tensions — including US export restrictions on some nuclear-related equipment — have increased pressure on Beijing to accelerate domestic uranium production.
In April, China’s State Council approved the construction of additional reactors across five coastal sites, requiring a combined investment of nearly 200 billion yuan (US$27.9 billion).
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
Latest News
Sign up to get your FREE
GTI Energy Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00