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Okapi Resources Ltd. ( (AU:GUE) ) has shared an update.
Okapi Resources has confirmed that the court-approved schemes for Snow Lake Resources Ltd to acquire all remaining fully paid ordinary shares and unlisted options in Global Uranium and Enrichment Ltd that it does not already own have now become legally effective, with corresponding share and option schemes lodged with the Australian Securities and Investments Commission. As a result, trading in GUE shares on the ASX is expected to be suspended from the close of trade on 4 February 2026, followed by the issuance of Snow Lake shares and Snow Lake scheme warrants to eligible GUE shareholders and option holders according to specified record dates and exchange ratios. Ineligible foreign shareholders and certain electing selling scheme shareholders will have their entitlements sold via a sale facility, with net proceeds remitted to them, and the GUE shares are scheduled to be delisted from the ASX on 16 February 2026, marking the completion of the acquisition and a significant structural change in Okapi’s indirect exposure to GUE.
More about Okapi Resources Ltd.
Okapi Resources Ltd is an Australian-listed resources company with a strategic focus on uranium and energy-related mineral assets. Through its investments and corporate transactions, it seeks to consolidate positions in key exploration and development projects, including via its interest in Global Uranium and Enrichment Ltd (GUE), to strengthen its exposure to the global nuclear fuel and energy transition markets.
Average Trading Volume: 2,523,294
Technical Sentiment Signal: Buy
Current Market Cap: A$36.15M
For a thorough assessment of GUE stock, go to TipRanks’ Stock Analysis page.