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