Okapi makes major uranium acquisition

Okapi makes major uranium acquisition

Okapi Resources has more uranium on its plate after acquiring an interest in a US deposit. Credit: File Okapi Resources has swelled its North American energy ground after entering into a binding agreement with STB Minerals to pick up a 51 per cent interest in the high-grade Hansen uranium deposit in Colorado, USA.

The deal stretches the company’s resources at its Tallahassee project by 81 per cent to 49.8 million pounds of triuranium octoxide and boosts the grade by 10 per cent to 540 parts per million triuranium octoxide.

Okapi says the acquisition has “transformed” it into one of the country’s most significant uranium players and helps elevate its status amongst the new-energy glitterati.

The Hansen uranium deposit is positioned around the southern border of Okapi’s wholly-owned Taylor and Boyer uranium deposits and also takes in the Picnic Tree uranium deposit.Hansen contains a JORC mineral resource of 22.2 million pounds triuranium octoxide […]

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