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Okapi Resources Ltd. ( (AU:GUE) ) has issued an update.
Okapi Resources Ltd. announced the completion of a binding agreement between Urenco and Ubaryon, marking a significant step in the development of Ubaryon’s next-generation uranium enrichment technology. Urenco, a global leader in uranium enrichment services, will invest A$5 million over three years to support Ubaryon’s technology, which has been independently assessed at a Technology Readiness Level of TRL-4. This partnership is expected to accelerate the technology’s commercial readiness, enhancing Ubaryon’s position in the uranium enrichment sector and offering potential value creation for stakeholders.
More about Okapi Resources Ltd.
Okapi Resources Ltd. is a company involved in the uranium enrichment industry, focusing on the development and commercialization of innovative uranium enrichment technology. The company is associated with Ubaryon, a private Australian company that owns a unique technology for uranium enrichment, and Global Uranium and Enrichment Limited, which is a significant shareholder in Ubaryon.
Average Trading Volume: 1,065,850
Technical Sentiment Signal: Hold
Current Market Cap: A$33.2M
See more data about GUE stock on TipRanks’ Stock Analysis page.