Okapi Resources Ltd (ASX:OKR) will start trading on the OTCQB market on Monday, November 22, 2021, in the USA, giving North American investors the opportunity to purchase OKR stock.
The company will trade on the OTCQB under the ticker OKPRF.
No new shares have been issued to facilitate this quotation and OKR is seeking approval for Depository Trust Clearing (DTC) eligibility to facilitate real-time electronic trading in the US which will further enhance liquidity and trading activity.
Broadening OKR’s horizon
OKR is looking to become a new leader in North American carbon-free nuclear energy, with the OTC listing another step in the right direction in building exposure within the US market.
“This secondary quotation on the OTCQB market provides access to the world’s largest investment market,” Okapi’s chairman Peretz Schapiro said.
“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.”
Ability to trade on the OTCQB comes just days after the company appointed highly experienced mining executive Andrew Ferrier, who has significant knowledge of the North American uranium space, as managing director.
READ: Okapi Resources’ new managing director has strong uranium background
About Okapi
OKR recently acquired a portfolio of advanced, high-grade uranium assets in the US, which gives it a strategic position in one of the most prolific uranium districts – the Tallahassee Creek Uranium District in Colorado.
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.
OKR's 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, 85 kilometres from the White Mesa Uranium Mill – the only operating conventional uranium mill in the USA.
The proximity provides OKR with a near term, low-capital development opportunity.