Company Interview / GTI Energy looking at a potential "uranium rush"

Bruce Lane of GTI Energy (ASX: GTR) shares insights on the uranium market and its growing importance amidst the global energy transition. Amid increasing demand for nuclear power, particularly for data centres owned by companies like Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), and Microsoft (NASDAQ: MSFT), Bruce highlights a supply-demand gap in uranium production.

He notes the focus of GTI Energy on in-situ recovery projects in Wyoming, emphasising their advanced stage with a resource in the Powder River basin. With a scoping study underway, they aim to significantly increase resource size. GTI Energy's projects are part of the broader push to leverage state-level permitting in Wyoming, facilitating faster development.

Bruce expresses optimism regarding bipartisan support for nuclear power in the US, indicating favourable conditions regardless of political shifts. He highlights significant government investments and strategic commitments in the sector, potentially triggering a "uranium rush." Timing, according to Bruce, is crucial to harnessing these developments.