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Closed Acquisition Of Athabasca Exploration Properties And Announcement Of Exploration Strategy



Highlights

  • Closed acquisition to acquire six advanced exploration properties in the Athabasca Basin.

  • Athabasca Basin is the world’s premier uranium district.

  • Worked closely alongside a highly reputable technical services firm based in Saskatchewan to assist in ranking and prioritising the properties by geological prospectivity.

  • Due diligence showed that there are numerous high priority targets across the properties.

  • Focused on drilling on two of the six properties which include Middle Lake and Newnham Lake, identified as having the best exploration potential.

  • Okapi has already lodged a permit to drill on the Middle Lake Project prior to closing and is in the process of submitting a drill permit for Newnham Lake.

  • Drilling will proceed on selected targets once the necessary permits are in hand.

  • The Company will also be looking to consolidate and expand its holdings in the Athabasca Basin through some highly accretive acquisitions during 2022.