Okapi to Commence Trading in the USA on OTCQB
Perth, Nov 22, 2021 AEST (ABN Newswire) - Okapi Resources Limited (
ASX:OKR) (26O:FRA) (OKPRF:OTCMKTS) is pleased to advise that Okapi will commence trading on OTCQB market on Monday, November 22, 2021 in the USA, providing North American investors with the opportunity to purchase Okapi stock as the Company executes its strategy to become a new leader in North American carbon-free nuclear energy.
The Company's cross-trade allows Okapi shares to be traded on the OTCQB market under the Company's ticker code OKPRF. Investors can find real-time quotes and market information on the OTC Markets website (www.otcmarkets.com). No new shares have been issued to facilitate this quotation.
B. Riley Securities acted as the Company's OTCQB sponsor.
The Company is currently seeking approval for Depository Trust Clearing1 (DTC) eligibility to facilitate real-time electronic trading in the USA which will further enhance liquidity and trading activity in the USA by allowing North American investors using online brokers such as Fidelity, Charles Scwab, E-Trade and Ameritrade to also trade in Okapi securities.
Okapi's Chairman, Mr Peretz Schapiro commented:
"This secondary quotation on the OTCQB market provides access to the world's largest investment market. We are excited to broaden our exposure in North America, especially with our vision to become a new leader in North American carbon-free nuclear energy."
About Okapi Resources Limited
Okapi Resources Limited (ASX:OKR) recently acquired a portfolio of advanced, high grade uranium assets located in the United States of America and in the Athabasca Basin, Canada.
Assets include a strategic position in one of the most prolific uranium districts in the USA - the Tallahassee Creek Uranium District in Colorado. The Tallahassee Uranium Project contains a JORC 2012 Mineral Resource estimate of 27.6 million pounds of U3O8 at a grade of 490ppm U3O8 with significant exploration upside. The greater Tallahassee Creek Uranium District hosts more than 100 million pounds of U3O8 with considerable opportunity to expand the existing resource base by acquiring additional complementary assets in the district.
The portfolio of assets also includes an option to acquire 100% of the high-grade Rattler Uranium Project in Utah, which includes the historical Rattlesnake open pit mine. The Rattler Uranium Project is located 85km from the White Mesa Uranium Mill, the only operating conventional uranium mill in the USA hence provides a near term, low-capital development opportunity.
In January 2022, Okapi acquired a portfolio of high-grade exploration assets in the world's premier uranium district, the Athabasca Basin. The Athabasca Basin is home to the world's largest and highest-grade uranium mines.
Okapi's clear strategy is to become a new leader in North American carbon-free nuclear energy by assembling a portfolio of high-quality uranium assets through accretive acquisitions and exploration.
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