https://www.miningweekly.com
Components|Energy|Mining|Nuclear|Resources|Technology
Components|Energy|Mining|Nuclear|Resources|Technology
components|energy|mining|nuclear|resources|technology

Okapi takes stake in uranium technology firm

17th March 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Okapi Resources will take a 19.9% stake in technology company Ubaryon, after that company’s shareholders approved a A$3.1-million investment.

Ubaryon is developing and commercialising a novel chemical uranium enrichment technology and has recently established a laboratory at Australia’s Nuclear Science and Technology Organisation site, in Sydney, to accelerate the development of this technology.

“Okapi is very excited to become a cornerstone shareholder in Ubaryon and sees significant value in the technology’s ability to potentially transform the existing uranium enrichment industry which is a $6-billion market fundamental to the nuclear fuel cycle and currently dominated by Russia,” said Okapi MD Andrew Ferrier.

“Okapi shareholders are uniquely placed in having significant exposure to the key components in both mining and enrichment of the nuclear fuel cycle. Uranium development and enrichment are two of the larger value drivers in the nuclear energy production process.”

The transaction is expected to close at the end of March.

Edited by Creamer Media Reporter

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.211 0.249s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: