In January 2023, Okapi became a cornerstone shareholder in Ubaryon, a private Australian company which owns 100% of a next generation enrichment technology. Utilising a novel process that does not require significant temperature or pressure, it has significant potential to transform the uranium enrichment industry which is fundamental to the nuclear fuel cycle.
A US$6 billion market full of new opportunities.
Uranium enrichment is a US$6 billion market and crucial to the nuclear fuel cycle with only a few facilities operating worldwide.
Ubaryon’s enrichment technology provides Okapi with exposure to potential future fuel production opportunities.
Enrichment is currently dominated by Rosatom (controlled by Russian state) and there is escalating political pressure for utilities to move away from material enriched in Russia.
Uranium development and enrichment are two of the larger value drivers in the nuclear energy production process.
Okapi shareholders are uniquely placed in having significant exposure to the key components in both mining and enrichment of the nuclear fuel cycle.
