Australia's Okapi Resources rises on uranium tech investment

Global Uranium and Enrichment

25/01/2023 24:39

** Shares of mineral explorer Okapi Resources  OKR.AX  climb
as much as 36.4% to A$0.225, their highest since Nov. 3
    ** Co enters binding agreement to become a cornerstone
shareholder in Ubaryon Pty Ltd, private Australian co developing
and commercialising uranium enrichment technology
    ** Says it will acquire its position via private placement
of A$3.1 mln ($2.18 mln) for an initial 19.9% stake in Ubaryon  
    ** As of last close, stock up 10% this year
($1 = 1.4207 Australian dollars)
 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))