American Uranium to Start Testing, Drilling Programs at Wyoming Project; Shares Down 10%
MT Newswires Live
8 hours ago
American Uranium (ASX:AMU) will start hydrogeologic testing and resource development drilling at its Lo Herma in-situ recovery uranium project in Wyoming in the fourth quarter of the year, according to a Thursday filing with the Australian bourse.
The programs are designed to boost resource base growth and confidence in existing mineral resources, as well as validate the project's hydrogeology, the filing said.
The programs are expected to be incorporated into an updated mineral resource estimate and scoping study in 2026, according to the filing.
Shares fell 10% in midday trade Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.