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Okapi Resources Ltd. ( (AU:GUE) ) has issued an announcement.
Ubaryon is progressing its proprietary uranium enrichment technology, with recent independent reviews confirming it at Technology Readiness Level 4 and a structured development program, backed by a strategic investment from global enrichment player Urenco, aimed at advancing it to TRL 5 over the next three years. The company has expanded its technical and analytical team, is reporting promising results in chlorine isotope separation for potential use in next-generation molten salt reactors, and is advancing a patent-pending sorbent powder for uranium recovery from waste, which has already attracted third-party interest; regulatory milestones, including FIRB clearance for Urenco’s investment, Defence Export Control’s in-principle approval for future commercial dealings, and ongoing ASNO/IAEA oversight, collectively strengthen Ubaryon’s commercialisation pathway and enhance the strategic value of GUE’s 21% shareholding.
More about Okapi Resources Ltd.
Global Uranium and Enrichment Limited (GUE) is an ASX- and OTCQB-listed company focused on the uranium sector, holding a 21% stake in Ubaryon, a private Australian firm that owns a proprietary uranium enrichment technology and related nuclear fuel-cycle innovations. Ubaryon is developing enrichment and isotope separation solutions, as well as uranium recovery materials, targeting applications in nuclear fuel production, advanced reactor technologies and environmental/process recovery markets.
Average Trading Volume: 1,309,330
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$29.16M
See more data about GUE stock on TipRanks’ Stock Analysis page.