Project 16 statements
The deposit 9
Key takeaway. Management of American Uranium describes the project as a roll-front, in-situ-recovery (ISR) uranium system.
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In April 2026, the company reported a resource of 9.45 million pounds (also stated as "9.5 9.45 million pounds") at a grade of 720 ppm, which they said was lifted from 630 ppm. The reserve stands at "just over 7 million pounds" across three proposed mine units, 46% of which they classify as indicated. On exploration upside, management notes they have secured around 1,000 acres of mineral lease and roughly 500 acres of claims, and they plan to acquire private mineral rights adjacent to existing resource areas, citing further drilling potential to add pounds and scale.
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Jurisdiction 4
Key takeaway. American Uranium's management says its project is in the United States, in Wyoming's Powder River Basin (April 2026).
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The company reports that 121 holes have been permitted (April 2026).
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Technical risk 3
Key takeaway. Management describes the project's ISR metallurgy as similar to Cameco's nearby Smith Ranch operation, reporting no high salinity, magnesium, or calcium issues.
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They note that leach tests have produced good results, with additional bottle roll tests planned. However, the company cautions that while about 7 million pounds are assumed ISR-extractable under current patterns, areas outside this footprint require further hydrogeological validation.
Economics 5 statements
Economics 4
Key takeaway. Management of American Uranium says the project would require total capex of $60 to $70 million, with $45 to $50 million needed for startup capital (April 2026).
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All-in sustaining costs are projected at around $40, give or take, based on a mine-life assumption of 8 to 10 years and a uranium price assumption north of $90, around $100 (April 2026).
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Financing 1
Timeline 6 statements
Timeline 4
Key takeaway. Management of American Uranium said that a resource update was completed at the end of March and 60 of 121 permitted holes have been drilled.
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Drilling is expected to start in the first half of May, and a study is due in Q3. These milestones were reported in April 2026.
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Catalysts 2
Key takeaway. American Uranium's management highlighted two near-term catalysts expected in the coming months, as stated in April 2026.
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A scoping study is anticipated in Q3 of that year, and results from a further drilling program are expected within the next couple of months.
Corporate 3 statements
Market 2
Key takeaway. Management says the project is attracting interest from potential acquirers, including Cameco and UEC.
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The company reports that the project demonstrates economic potential at its current 7-million-pound scale, with a mine life of about 7 to 8 years and possibly 9 or 10 years.
Sources 2 interviews
Every interview 2
| Date | Channel | Interview | Statements |
|---|---|---|---|
| 23 Apr 2026 | Crux Investor | American Uranium (ASX:AMU) - Strategic US Asset Hits 9.45M lbs with Q3 Study Catalyst | 20 |
| 20 Apr 2026 | Triangle Investor | This US Uranium Project Is Advancing Fast - American Uranium (ASX: AMU) | 10 |
What else those interviews covered
Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.
Questions people ask
What is American Uranium's project and where is it?
American Uranium is a explorer uranium company, with a project stated to be in Wyoming, United States. Everything here is drawn from its executives' own interviews.
Which interviews mention American Uranium?
We track 2 interviews mentioning American Uranium, across 2 channels (Crux Investor, Triangle Investor).
What are investors saying about American Uranium?
No independent commentary is on record yet — so far the page carries only the company's own voice.
What do recent interviews with American Uranium cover?
The most-discussed topics on record are the deposit, economics, timeline, jurisdiction — each claim quoted and dated in the sections above.