Hydrogeological Testing Underway at Lo Herma

American Uranium Restricted (ASX:AMU, OTC:AMUIF) (American Uranium, AMU or the Firm) is happy to advise that hydrogeological testing at its Lo Herma ISR uranium venture in Wyoming’s Powder River Basin has commenced. Testing is being undertaken by Petrotek Company, a number one injection nicely and subsurface assets consultancy with greater than 28 years of expertise in hydrogeological testing and ISR useful resource growth.

Highlights

• Hydrogeological testing at Lo Herma has commenced, marking a key milestone in advancing in direction of ISR venture growth
• Testing is anticipated to take approx. 2 weeks with outcomes anticipated by the top of 2026
• Part 1 of the useful resource growth drilling marketing campaign at Lo Herma is underway and progressing nicely with over half of the deliberate program accomplished. Preliminary outcomes are anticipated earlier than the top of 2026
• These packages are designed to underpin a Mineral Useful resource Estimate and Scoping Examine replace in 2026.

This testing is operating concurrently with Part 1 of the useful resource growth drilling marketing campaign which is progressing nicely and is now previous the midway level of the useful resource enlargement program. Drilling outcomes are anticipated by the top of 2026. The hydrogeological testing fieldwork program is anticipated to be full through the week commencing November twenty fourth, with outcomes anticipated earlier than the top of 2026.

FIGURE 1: PETROTEK CONDUCTING HYDROGEOLOGICAL TESTING AT LO HERMA

AMU CEO and Govt Director Bruce Lane commented:

“We’re more than happy to now have each the hydrogeological testing and useful resource growth drilling packages underway at Lo Herma. These packages signify main steps towards advancing certainly one of America’s most promising ISR uranium initiatives. Lo Herma is likely one of the few near-term, low-cost ISR initiatives within the U.S. The hydrogeological testing goals to validate our preliminary aquifer observations and ensure aquifer transmissivity.

“The primary part of drilling is now nicely underway and previous the midway level with an goal to develop the present 8.57Mlb useful resource base and in the end feed into an up to date Mineral Useful resource Estimate and Scoping Examine in 2026, positioning us to capitalise on vital assist packages in place to assist the US home nuclear gasoline provide chain.”