Okapi nails down US uranium acquisition

ASX-listed junior explorer Okapi Resources has finalised the purchase of a portfolio of high-grade uranium projects in the United States in a deal it says is transformational. The Perth-based company assumes 100 per cent ownership of the brownfields uranium assets following the recent completion of an all-scrip acquisition of private Australian group Tallahassee Resources. ASX-listed junior explorer Okapi Resources has nailed down the purchase of a portfolio of high-grade uranium projects in the United States in a deal it says is transformational. The Perth-based company assumes 100 per cent ownership of the brownfields uranium assets following the recent completion of an all-scrip acquisition of private Australian group Tallahassee Resources.

Okapi shareholder approval sees the Tallahassee vendors receive 33.5 million new Okapi shares and 16.75 million options as consideration for the transaction.

In conjunction with the deal, the company has put to bed a capital raise of $2.84 million from the issuing […]

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