Okapi adds key player to US uranium team, keeps an eye out for acquisitions
Okapi has strengthened its management team in the US with the appointment of Jim Viellenave as a consultant and a member of the company’s advisory committee.
Viellenave has over 40 years of development and operational experience in mining, especially in the US uranium industry where he was fundamental to the development and resource expansion of the Reno Creek ISR Uranium project in Wyoming until the project was sold to Uranium Energy Corp in 2018.
Plus, Viellenave and his team were also responsible for progressing the Reno Creek project through numerous technical and permitting milestones all the way to being fully permitted (with an NRC licence) and ready for construction.
“Jim and I worked closely together on the Reno Creek uranium project in Wyoming,” Okapi Resources (ASX:OKR) MD Andrew Ferrier said.
“His decades of experience in the US uranium industry will be invaluable to the company, as the team continues to progress and advance its existing high quality projects in the US and continue to identify and review new projects.
“This is another stepping stone for the company as we continue to build the board and management team in North America.”
The company’s Tallahassee Uranium Project contains a JORC 2012 Mineral Resource estimate of 49.8 million pounds of U3O8 at a grade of 540ppm U3O8 with exploration upside.
And the greater Tallahassee Creek Uranium District hosts more than 100 million pounds of U3O8 – so there could be opportunities for Okapi to expand the existing resource base by acquiring additional complementary assets in the district.
Plus, the company’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.
And in January, Okapi acquired a portfolio of high-grade exploration assets in the Athabasca Basin, which is home to the world’s largest and highest-grade uranium mines.
This article was developed in collaboration with Okapi Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.