Australia's Okapi Resources climbs on deal to sell Lake Johnson project stake

Global Uranium and Enrichment

24/05/2022 04:08

** Shares of the mineral explorer  OKR.AX  climb as much as
4% to A$0.260, their highest since May 18
    ** Co enters a deal to sell its stake in the Lake Johnson
Project located east of Perth to proprietary company Nordau for
up to A$1.2 mln ($848,760.00)  urn:newsml:reuters.com:*:nASXT6gtt
    ** Says disposal of non-core assets will allow co to focus
on developing its North American uranium assets  
    ** Stock down 27.5% this year, as of last close, vs a 4%
fall in the benchmark S&P/ASX 200 index  .AXJO  

($1 = 1.4138 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))