Okapi Resources lands ‘transformational’ US uranium deal

Location map of Okapi Resources’ new US uranium project areas. Credit: File ASX-listed junior explorer Okapi Resources has scored a potentially company-making package of high-grade brownfields uranium assets in the uranium friendly jurisdiction of the US via an all-scrip acquisition of private Australian outfit Tallahassee Resources.

The Perth-based company will pay the vendors of Tallahassee Resources 33.5 million new Okapi shares and 16.75 million options as consideration for the deal, subject to shareholder and statutory approvals.

Okapi will assume 100 per cent ownership of the mineral rights over the Tallahassee uranium project tenure spanning about 7,500 acres in central Colorado’s prolific Tallahassee Creek uranium district about 140km south-west of Denver.

Also included in the newly acquired Tallahassee Resources portfolio of properties is an option for Okapi to acquire 100 per cent of the Rattler uranium project, including the historical high-grade Rattlesnake open-cut mine in north-eastern Utah.In tandem with what Okapi management describes […]

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