Okapi picks up historical Sunnyside uranium mine amid booming market sentiment

Okapi Resources is moving towards its goal of becoming a leader in North American carbon-free nuclear energy with the acquisition of the historical Sunnyside uranium mine in Utah.

The company nabbed the past-producing mine by staking mining claims that cover 960 acres adjacent to its existing Rattler uranium project.

It’s a smooth move considering uranium sentiment – and prices – are going gangbusters right now. That’s mainly driven by the Sprott Physical Uranium Trust which has reportedly bought the equivalent of France’s entire annual uranium supply.

Okapi Resources (ASX:OKR) is confident Sunnyside could present a significant opportunity for new discoveries because historical production at the mine was at grades of 1,500 parts per million uranium and 1.5% vanadium.But that was in the early 1900s so there’s been no modern exploration at the site since. Maiden exploration planning underway “The acquisition of a 100% interest in the past-producing, high-grade Sunnyside Uranium […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet