← Back to TranscriptAgent TranscriptAgent
← All mining companies

American UraniumASX:AMU

Uranium explorer, with a project stated to be in Wyoming, Powder River Basin.

Wyoming · United States — as stated on the recordings

explorer uranium Wyoming, United States
Apr 2026 → Apr 2026Covered
9 of 10Topics on record
2Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company
Stage
Explorer
Primary commodity
Uranium
Jurisdiction
Wyoming, Powder River Basin
Deposit
roll front ISR (in situ recovery) uranium system
Latest appearance
23 Apr 2026
On record
2 interviews · 30 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
just over 7 million pounds in three proposed mine units
Management-stated Bruce Lane Apr 2026
Grade
720 ppm (lifted from 630 ppm)
Management-stated Bruce Lane Apr 2026
Capital needed
60 to 70 million bucks total; 45 to 50 startup capital
Management-stated Bruce Lane Apr 2026
What happens next
resource update completed end of March
Management-stated Bruce Lane Apr 2026
The main open question
Material does not provide independent technical or market review.
Weighed from the statements below, not our opinion of the company.
Our reading

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Grade ● Broadly unchanged 2 statements on record
20 Apr 2026
720 ppm
“we managed to lift the average grade in the resource from 630 ppm to 720.”
23 Apr 2026
720 ppm (lifted from 630 ppm)
“We lifted the average grade from 630 ppm to 720 ppm.”
Resource size ● Higher Same basis, restated 3 days apart 2 statements on record
20 Apr 2026
9.5 9.45 million pounds
“The latest update shows La Sal Hermosa is growing to I believe 9.5 9.45 uh million pounds with uh 43% in the indicated category.”
23 Apr 2026
9.45 million pounds
“Got it up to 9.45 million pounds and 43% of that is at indicated.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from American Uranium's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the Lo Herma project sits at a 9.45 million pound resource (43% indicated) with an 8–10 year mine life economics at uranium prices north of $90–$100, backed by leach tests matching nearby Cameco's chemistry and a capital…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the Lo Herma project sits at a 9.45 million pound resource (43% indicated) with an 8–10 year mine life economics at uranium prices north of $90–$100, backed by leach tests matching nearby Cameco's chemistry and a capital requirement of $45–50 million. The all-in sustaining cost of ~$40/lb sits well inside assumed pricing, and the project is in Wyoming—a jurisdictionally stable tier-1 uranium district with two major producers nearby.

▼ Bear case

Material does not provide independent technical or market review.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Material does not provide independent technical or market review. Management's economic case depends entirely on uranium prices staying north of $90–$100 and on assumptions about ISR extractability and hydrogeology that remain to be validated at scale; the current 7 million pound reserve estimate in three mine units is modest, and financing of $45–50 million startup capital has relied on a $2.64 million placement and rights issue—a sign of capital constraints relative to project needs.

◆ Watch next

Scoping study due Q3 2024 will establish mine design and cost baseline.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Scoping study due Q3 2024 will establish mine design and cost baseline. Drilling results in next couple of months (May onwards) will test grade sustainability and resource expansion potential in the 1,000 acres of leasehold. Completion of the remaining ~60 of 121 permitted holes and acquisition of adjacent private mineral rights will signal confidence in scale-up pathway.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

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.

Read the full summary

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.

What was actually said
exploration upside
planned acquisition of private mineral rights adjacent to resource areas
“we were pretty sure we were going to be adding some new ground to the project. Some private mineral rights which butts up against the resource areas.”
Bruce Lane· 23 Apr 2026·
grade
720 ppm (lifted from 630 ppm)
“We lifted the average grade from 630 ppm to 720 ppm.”
Bruce Lane· 23 Apr 2026·
reserve size
just over 7 million pounds in three proposed mine units
“we've got three proposed mine units and we've got around 7 million pounds, just over 7 million pounds which contained within those proposed mine unit areas.”
Bruce Lane· 23 Apr 2026·
Show the other 6 statements
resource size
9.45 million pounds
“Got it up to 9.45 million pounds and 43% of that is at indicated.”
Bruce Lane· 23 Apr 2026·
deposit type
roll front ISR (in situ recovery) uranium system
“where both the the grade and the thicknesses are sufficient to support um in situ recovery mining. Um and so, it uh you know, there isn't a geophysical technique that seems to be highly reliable um for roll fronts”
Bruce Lane· 20 Apr 2026·
exploration upside
around just over 7 million pounds in three mine unit areas at 46% indicated, with further drilling potential
“we were able to lift the resource in those areas um up to 46% indicated and and at around just over 7 million pounds. And that you know, and that's from the halfway point in the drilling program.”
Bruce Lane· 20 Apr 2026·
exploration upside
1,000 acres of mineral lease and around 500 acres of claims secured with prospect for extra pounds and scale
“there's um 1,000 acres of of of uh lease um mineral lease um combined and then there's around about 500 acres of uh claims.”
Bruce Lane· 20 Apr 2026·
grade
720 ppm
“we managed to lift the average grade in the resource from 630 ppm to 720.”
Bruce Lane· 20 Apr 2026·
resource size
9.5 9.45 million pounds
“The latest update shows La Sal Hermosa is growing to I believe 9.5 9.45 uh million pounds with uh 43% in the indicated category.”
Bruce Lane· 20 Apr 2026·

Jurisdiction 4

Key takeaway. American Uranium's management says its project is in the United States, in Wyoming's Powder River Basin (April 2026).

Read the full summary

The company reports that 121 holes have been permitted (April 2026).

What was actually said
country
United States
“We've got a project in Wyoming's Powder River Basin called Lo Herma.”
Bruce Lane· 23 Apr 2026·
permit status
121 holes permitted
“We permitted 121 holes.”
Bruce Lane· 23 Apr 2026·
region
Wyoming, Powder River Basin
“We've got a project in Wyoming's Powder River Basin called Lo Herma.”
Bruce Lane· 23 Apr 2026·
Show the other 1 statement
region
Wyoming
“a uranium exploration and development company with advanced assets in the United States, specifically Wyoming and Utah.”
Bruce Lane· 20 Apr 2026·

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.

Read the full summary

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.

What was actually said
metallurgy
in situ recovery (ISR); similar to Cameco Smith Ranch nearby; no high salinity, magnesium, or calcium issues
“our leach testing, our bottle roll tests, we use the same lixiviant mix or as close as we could tell the same lixiviant mix as at Cameco 10 mi away”
Bruce Lane· 23 Apr 2026·
key assumption
7 million pounds under pattern described as ISR extractable; areas outside this require further hydrogeological validation
“we've we've got 7 million pounds um we would describe as under pattern in our concept that will go forward into the into the into the scoping study. And there are um areas of resource outside of that which which may be amenable, but we simply don't have enough hydrogeological insight”
Bruce Lane· 20 Apr 2026·
metallurgy
conducted leach tests with good results; more bottle roll tests planned
“We've we've already conducted some and got good results, but we obviously want to increase the number of samples that we would we put through that process.”
Bruce Lane· 20 Apr 2026·

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).

Read the full summary

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).

What was actually said
aisc
around $40 give or take
“we've got internal modeling based on a northern sustaining cost of around, you know, in that sort of $40 give or take range”
Bruce Lane· 23 Apr 2026·
capex
60 to 70 million bucks total; 45 to 50 startup capital
“an assumed CAPEX of around, you know, 60 to 70 million bucks, you know, startup capital in the region of maybe 45 to 50”
Bruce Lane· 23 Apr 2026·
key assumption
mine life of 8 to 10 years
“a mine life of around, you know, somewhere in the sort of 8 to 10 year mark, the economics look very positive.”
Bruce Lane· 23 Apr 2026·
Show the other 1 statement
price assumption
north of $90, $100
“uranium price is, you know, north of $90, $100, say”
Bruce Lane· 23 Apr 2026·

Financing 1

What was actually said
capital needed
2.64 million in placement; rights issue also launched
“we did a placement for 2.64 and we've just just launched the rights issue”
Bruce Lane· 23 Apr 2026·

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.

Read the full summary

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.

What was actually said
milestone
resource update completed end of March
“We completed the resource update at the end of March as we'd guided.”
Bruce Lane· 23 Apr 2026·
milestone
60 of 121 permitted holes completed
“We've completed just over 60 of those holes”
Bruce Lane· 23 Apr 2026·
study due
Q3
“looking forward to a scoping study in Q3”
Bruce Lane· 23 Apr 2026·
Show the other 1 statement
milestone
drilling expected to start first half of May
“So, we're expecting that to happen in the first half of May.”
Bruce Lane· 20 Apr 2026·

Catalysts 2

Key takeaway. American Uranium's management highlighted two near-term catalysts expected in the coming months, as stated in April 2026.

Read the full summary

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.

What was actually said
upcoming result
scoping study in Q3
“looking forward to a scoping study in Q3”
Bruce Lane· 23 Apr 2026·
upcoming result
further drilling program results expected in next couple of months
“it sets us up quite well for what we hope to be a fruitful drilling program in in the next couple of months.”
Bruce Lane· 23 Apr 2026·

Corporate 3 statements

Share structure 1

What was actually said
shares outstanding
3,200 shareholders
“We've got a lot of very loyal shareholders 3,200 shareholders”
Bruce Lane· 23 Apr 2026·

Market 2

Key takeaway. Management says the project is attracting interest from potential acquirers, including Cameco and UEC.

Read the full summary

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.

What was actually said
potential acquirer
players around project including Cameco, UEC
“we've got Cameco's Smith Ranch which is about 10 miles to our east. We've got UEC with Irigaray Christian Ranch just up the road about 40 miles.”
Bruce Lane· 23 Apr 2026·
cost curve position
project showing economic potential at current 7 million pound scale with potential for 7 to 8 year mine life, possibly 9 or 10 years
“we believe it's um it shows you know, um economic potential at the size it's at now. Um but look, you know, we're we're probably looking at a 7 or 8 year mine life. Maybe we can get it to 9 or 10”
Bruce Lane· 20 Apr 2026·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
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.

ludeman 2
uec 2
cameco 2
shirley basin 2
lo herma 1
peninsula 1
petro tech 1
powder river basin 1

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.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

Workspace Intelligence
YOUR AGENT
Investigation
Open the latest investigation, or start a new one from the left.

Notice

Loading…