American Uranium advances Lo Herma Uranium project amid rising U.S. demand

American Uranium CEO Bruce Lane joined Steve Darling from Proactive’s OTC studio in New York City to provide an update on the company’s advancing uranium strategy in the United States, highlighting progress at the Lo Herma Project in Wyoming and the growing opportunity driven by rising domestic uranium demand. Lane explained that American Uranium has been active in the U.S. since 2019, initially targeting conventional uranium and vanadium projects in Utah, before shifting focus to in-situ recovery (ISR) uranium projects in Wyoming. The Lo Herma Project, located in the Powder River Basin roughly ten miles from Cameco Corp Smith Ranch-Highland facility—the largest permitted ISR operation in the U.S.—is now the company’s principal focus. The project currently holds a JORC-compliant resource of 8.57 million pounds of uranium, with 32% classified as indicated. Lane said that ongoing drilling campaigns are designed to expand this resource, with an updated resource estimate expected by the end of March. A 15-hole targeted drilling campaign is underway, to be followed by infill drilling, metallurgical and hydrogeological studies, and a scoping study update planned for the third quarter of 2026. Commenting on market fundamentals, Lane noted, “The U.S. is still the largest producer of nuclear power in the world, needing about 50 million pounds a year to run the reactors.” He emphasized the domestic production shortfall, stating that the gap creates significant opportunities for new uranium projects. Lane added, “Nuclear power has never been more important to the U.S.… we think the time is right to start moving towards getting more uranium out of the ground as fast as possible,” highlighting the strategic timing for Lo Herma and the company’s broader U.S. uranium initiatives. #proactiveinvestors #americanuraniumlimited #asx #amu #otc #amuif #LoHermaProject #UraniumMining #WyomingMining #NuclearPower #ISRMining #PowderRiverBasin #JORCResource #EnergySecurity #UraniumSupply #NuclearEnergy #UraniumDevelopment #MiningUpdate #USEnergy #CriticalMinerals #ScopingStudy #ResourceExpansion #SustainableEnergy #UraniumExploration #NuclearFuel