A very positive announcement confirming the start of a significant Uranium resource in Wyoming, with plenty more areas within the tenure to be explored in the coming year. It must be noted that this is a very underexplored region, with plenty of upside - A region significant to the USA's future Uranium supplies and energy independence. There will likely be 100's of billions of US government funds pumped into the Nuclear energy sector in the coming years and GTR will have the opportunity to take advantage of these funds to limit exploration expenditure, as well as future 0 interest loans for construction/production, etc. It will be identical to what is taking place right now in the USA in relation to Lithium investment. Uranium is a crucial commodity for the future national security of the USA and the west, even more so in recent months with what has taken place in Europe.
Unfortunately, today's announcement was released on a down day for the Uranium sector - Many of our peers found it tough to get any decent gains and momentum going today. Further affecting today's share price, a large holder took the chance to unload and exit for other opportunities. This is definitely far from a sign of panic IMO. If you look at the fundamentals here, there is no better junior Uranium explorer on the market IMO. Going by location, prosperous tenures, and management performance.
All these offloaded parcels today are now taken up by investors embedded in the current positive Uranium market, looking to capitalise on future exploration news and ongoing resource announcements and further developments. Therefore this short-term holder, now out of the way, will not be actively dumping future news. I expect the share price to rebound during the next positive day for the Uranium sector since the reaction today was definitely not in line with the quality of results we have.
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