Uranium Industry Overview

GTI has acquired a number of highly prospective uranium and vanadium properties located in the Henry Mountains, Utah, USA.

Market Dynamics

  • China: ~40 operational nuclear plants, expanding quickly
  • 50+ new reactors in construction in China, M/East, Russia, India, Africa & LATAM
  • U3O8 producers cutting output (Cameco & Kazatomprom)
  • During 2018,uranium spot rallied from ~$22 to ~$29 per lb

US Market: ~20% of power from nuclear

  • 96 U.S. nuclear reactors consume ~50 mlbs U3O8 p.a.
  • Small Modular Reactors (SMR): 1st install mid-2020’s
  • US now imports ~93% of its uranium, up from 86% in 2009
  • Trump administration cited major concerns regarding impact of uranium imports on national security with respect to domestic mining
  • US Nuclear Fuel Working Group set up by Trump to develop recommendations for reviving & expanding domestic nuclear fuel production which accounts for only 9% of US demand
  • The working group is due to report back during October 2019

Where does the U.S. get its uranium? (source: U.S. Energy Information Administration (2011)

Uranium supply cuts (source: Paladin Energy)

Future contract coverage rates (source: EIA, Euratom)

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GTI Resources Ltd

Level 1
89 St Georges Terrace,
Perth, WA 6000

PO Box Z5187
Perth WA 6831

+61 (0) 8 9226 2011


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