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American Uranium Limited (ASX:AMU)

ALERT: Price-sensitive ASX Announcement for AMU
Current share price for AMU : $0.081 0.011 (15.71%)+
Announcement
Release
16 Jul 2026 8:23AM
Price at Release
$0.070
Full Release
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Summary
American Uranium Limited (AMU) is advancing its Lo Herma ISR uranium project in Wyoming's Powder River Basin with a large-scale pump testing program. This program follows recent drilling at Mine Unit 1, where seven new hydrogeological monitoring wells were installed. The pump testing, centered on the existing LH MW-003 pumping well, aims to assess groundwater flow in the target production sands and evaluate hydrogeological isolation between aquifers. The collected data will support the Q3 2026 Scoping Study, focusing on development across Mine Units 1, 2, and 3, with Mine Unit 1 as the initial development stage. The project is part of AMU's broader efforts to progress from exploration to development and permitting.
Key Points
  • Large-scale pump testing program planned at Mine Unit 1.
  • Seven new hydrogeological monitoring wells installed.
  • Testing to assess groundwater flow and hydrogeologic isolation.
  • Data to support Q3 2026 Scoping Study for Mine Units 1, 2, and 3.
  • Mine Unit 1 is the largest and most advanced, initial development stage.
  • Lo Herma is a flagship ISR uranium project in Wyoming's Powder River Basin.
  • 9.45Mlb U3O8 Mineral Resource Estimate for Lo Herma.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.