GTI Energy Ltd (ASX:GTR, OTC:GTRIF) is gearing up to tap into the heating US uranium market with the appointment of Matt Hartmann, an experienced Denver-based in-situ recovery (ISR) uranium technical and executive leader, as president of the company’s US operations.
Hartmann boasts more than 20 years of experience in global mineral exploration, project development and commercialisation including with advancing ISR uranium projects throughout the project life cycle.
“We are very pleased that Matt has agreed to join the team after having worked with us in the past,” GTI Energy executive director and CEO Bruce Lane said.
“Matt's skills and experience, particularly with ISR uranium in Wyoming, are a great fit for GTI as we look to accelerate the growth and development of our Wyoming ISR uranium resources.
“I have no doubt that Matt’s experience, skills and network in both the technical and commercial arenas will contribute very positively to our efforts to grow GTI into a significant US uranium company.”
Hot US uranium sector
Hartmann previously served in several senior technical roles with Uranium Resources Inc. and Strathmore Minerals Corp, and offered technical and managerial expertise at several ISR uranium projects including Cameco’s Smith Ranch–Highland, Encore’s Rosita central processing plant & wellfield, Laramide’s Churchrock and Encore’s Dewey-Burdock.
“I’m excited to be joining GTI to lead the company’s US operations,” incoming president of US operations Matt Hartmann said.
“Activity in the uranium sector has increased significantly over the past year and the US is poised to return to meaningful uranium production in the near-term.
“GTI’s projects are extremely well located within 100 miles of seven permitted ISR uranium facilities in Wyoming which is a very supportive state with a long history of uranium production.
“Over the past three years, GTI has established itself in Wyoming and has assembled a portfolio of compelling uranium projects that would suggest the company is undervalued in the current US$100 per pound uranium market.
“I look forward to further developing GTI’s assets in the US and advancing the Lo Herma project towards a preliminary economic assessment.”