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Okapi increases landholding by 90% in Utah via acquisition of the historical Sunnyside Uranium Mine



Highlights


  • Okapi has acquired 100% of the past-producing Sunnyside Uranium Mine in Utah, USA

  • 1High grade asset with historical uranium production at grades of 1,500 ppm U3O8 and 1.5% V2O5

  • No known modern exploration with significant opportunity for new discoveries

  • Acquisition complements Okapi’s adjacent Rattler Uranium Project, with the geological setting in both areas being identical to that at Energy Fuels’ La Sal Project

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

  • 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

  • Planning of maiden high-impact exploration program well advanced

  • Okapi continues to assess additional value accretive uranium acquisition opportunities throughout North America