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GTR backs ESG for NetZero US uranium play

22 November 2021
ASX: GTR
Jack Baker

GTI Resources has affirmed its commitment to transparency and carbon neutrality to its stakeholders as it prepares to meet the uranium demands of a booming nuclear power industry from its Wyoming and Utah projects.  

With coal consumption grinding down after the Glasgow Climate pact agreed to reduce carbon emissions heavily, it has been a clear win for low-carbon energy producers like GTI  

China plans to construct 150 new reactors over the next 15 years. Japan returns 30 reactors to activity to meet goals laid out at the Glasgow summit. The Perth-based energy explorer plans to meet the demands of a transforming market.  

The company adopted the internationally recognised environmental, social and governance framework with 21 core metrics and disclosures created by the World Economic Forum.  

It said the adoption would be to the primary benefit of its stakeholders, and it is committed to best practice governance and monitoring itself against the metrics.  

“The framework is helping us create transparency around aspects of our operation so our stakeholders can evaluate our performance in these key areas,” executive director Bruce Lane said.  

“The company is transitioning to carbon-neutral operations as it seeks to develop clean energy projects in the US.”  

Uranium projects  

In Wyoming, the company’s Great Divide basin project holds around 8900 hectares of strategically located and underexplored mineral lode claims and two-state leases for sandstone-hosted uranium in the basin and Colorado’s Uravan belt.  

Its Utah project comprises approximately 1500 hectares of the Henry Mountains region, forming part of the prolific Colorado Plateau uranium province, historically the provider of the essential uranium resources in the US. 

The company’s Australian Stock Exchange-listed price was trading at 2.9c today (11: 18am UTC+8 hours) 

COMPANY OVERVIEW

Focussed on exploring for, defining and developing economic ISR Uranium resources – GTI Resources is part of Wyoming’s Insitu Recovery (ISR) uranium mining renaissance. GTI saw US uranium supply’s collapse and anticipated the coming surge in demand for uranium as a core component of America’s drive for homegrown, sustainable clean energy solutions. This led us to position GTI to be part of the resurgence in demand for uranium using the lowest-cost and cleanest method of mining uranium, ISR. Providing corporate transparency, GTI has also adopted the internationally recognised Environmental, Social and Governance SCM Framework created by the World Economic Forum (WEF), where all progress is measured against these core metrics and included in GTI’s annual report on the ASX. The key driver of value creation for GTI is making economic uranium discoveries. GTI’s ISR uranium projects in Wyoming position us to define uranium resources that can potentially be developed quickly & cost effectively with a low environmental impact.

COMPANY INFORMATION

ASX: GTR

Website

https://www2.asx.com.au/markets/company/gtr

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