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An update from Okapi Resources Ltd. ( (AU:GUE) ) is now available.
Global Uranium has entered into a binding merger agreement with NASDAQ-listed Snow Lake Resources under which Snow Lake will acquire all Global Uranium shares and options it does not already own, consolidating their 50/50 Pine Ridge joint venture and creating a leading U.S.-focused uranium developer with an enhanced capital markets profile. The schemes of arrangement have received key regulatory clearances, including no-objection from Australia’s Foreign Investment Review Board and registration of the scheme booklet by ASIC, and were subsequently approved by Global Uranium securityholders, paving the way for Global Uranium’s delisting from the ASX and its integration as a Snow Lake subsidiary. Operationally, Global Uranium completed a 38,000-metre, 114-hole drilling program at Pine Ridge that delivered strong results, bolstering the project’s development potential, while technology partner Ubaryon advanced its uranium technology development and secured an accelerated strategic investment from Urenco, signaling growing institutional confidence in the company’s technological and project pipeline. These developments collectively strengthen the merged group’s ability to fund and accelerate exploration across its U.S. and Canadian assets and to pursue a broader strategy as a diversified energy fuels company.
More about Okapi Resources Ltd.
Global Uranium and Enrichment Limited (Global Uranium) is an ASX-listed uranium developer with a primary focus on U.S. projects, notably the Pine Ridge Uranium Project in Wyoming’s Powder River Basin, held via a 50/50 joint venture with Snow Lake Resources. The company is building a multi-project uranium and critical minerals portfolio across leading uranium districts, positioning itself within the broader energy fuels sector.
Average Trading Volume: 2,426,567
Technical Sentiment Signal: Buy
Current Market Cap: A$35.69M
See more data about GUE stock on TipRanks’ Stock Analysis page.