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Exploration Commences At Rattler Uranium Project



Highlights

  • Commencement of on-ground exploration activities at the Rattler Uranium Project, Utah

  • Okapi’s in-country Exploration Manager and team are undertaking a detailed review of historical workings, geological mapping and rock chip sampling

  • Detailed mapping and assessment program expected to be completed by year-end, followed by completion of drill targeting

  • Rock chip assays due in Q1 2022

  • Drilling scheduled to commence in Q1 2022

  • Rattler Uranium Project contains the Rattlesnake Open Pit Mine and is along strike from and has a similar geological setting to Energy Fuels’ La Sal Project

  • The Rattlesnake Open Pit Mine produced 285,000 tonnes of ore @ 2,800ppm U3O8 and 1.0% V2O5 for 1.6 million pounds of U3O8 and 4.5 million pounds of V2O5 1

  • La Sal hosts a total of 4.5Mlbs of U3O8 @ 1,700ppm U3O8 and 23.4Mlbs of V2O5 @ 8,880ppm V2O5 2

  • La Sal is fully permitted for mining and was in operation between 2006 to 2012 with ore processed at the nearby White Mesa Uranium Mill