GTI Energy Advances Lo Herma Uranium Project with Strategic Funding and Drilling Milestones.

GTI Energy Limited (ASX: GTR) has completed Tranche-1 of a two-part capital raise, securing approximately AU$2.5 million and issuing over 709 million shares. The full placement aims to raise AU$4.5 million, with Tranche-2 (AU$1.97 million) subject to shareholder approval. Strategic partner Snow Lake Energy (NASDAQ: LITM) has committed AU$1.487 million of Tranche-2, pending final due diligence and endorsement at an upcoming general meeting.

Proceeds will fund drilling and technical programs at the Lo Herma Uranium Project in Wyoming. Updated permits for 121 drill holes across 37,500 meters have passed initial regulatory review, with final approval anticipated in August 2025. Drilling will focus on resource expansion, upgrading inferred resources, hydrogeologic testing, and metallurgical analysis. Field activities are planned for September, targeting completion by year-end. GTI will also seek shareholder approval for a share consolidation and possible name change, as it continues advancing Lo Herma toward development and future production.

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