Global Uranium and Enrichment Poised for Growth in U.S. Nuclear Renaissance

Global Uranium and Enrichment Company, formerly Okapi Resources, is strategically positioning itself to capitalize on the growing demand for domestic uranium production in the United States. Andrew Ferrier, Managing Director of Global Uranium and Enrichment, outlined the company´s ambitious plans to leverage its diverse portfolio and innovative partnerships to meet the needs of the global nuclear energy renaissance.

Strategic Asset Portfolio

Global Uranium and Enrichment holds a robust portfolio of uranium projects across Wyoming, Colorado, Utah, and Canada’s Athabasca Basin. However, the company’s primary focus is its Pine Ridge Uranium Project in Wyoming’s Powder River Basin, acquired just a few months ago.

“Wyoming is one of the best states in the U.S. to advance uranium projects into production,” Ferrier said. “Pine Ridge has an exploration target of 24.4 to 51 million pounds of uranium and is ideally situated near existing infrastructure, with UEC to the north and Cameco’s Smith Ranch-Highland Mine to the south.”

The U.S., home to the world’s largest nuclear reactor fleet, relies on nuclear power for 20% of its energy. With the 2024 ban on Russian uranium imports and strong political support for nuclear energy under the current administration, the demand for domestically sourced uranium is surging. Pine Ridge’s strategic location and scale position it as a key asset to address this supply chain challenge.

Accelerating Development with Strategic Partnerships

To fast-track its U.S. projects, Global Uranium and Enrichment recently engaged CT Group to enhance its engagement with the U.S. government. “CT Group is helping us expedite permitting timelines and explore potential funding opportunities with U.S. agencies,” Ferrier explained. This move aligns with the company’s goal of bringing domestic uranium production online as quickly as possible, particularly in light of the Russian import ban.

The company is also a dual-listed entity on the Australian Securities Exchange (ASX) and the U.S. OTC market. While most trading currently occurs on the ASX, Ferrier sees significant potential in the U.S. market. “We plan to ramp up marketing efforts to increase liquidity on our OTC listing and explore ways to become more U.S.-focused,” he said, citing strong investor interest in uranium projects amid favorable political tailwinds.

Pine Ridge: A Flagship Project

Exploration at Pine Ridge, a 50-50 joint venture with NASDAQ-listed Snow Lake Energy, is already underway. Drilling began last week, with a 120-hole program expected to run for four months. “We’re seeing promising results,” Ferrier noted. “This isn’t greenfield

exploration—over 1,200 historical drill holes exist. We’re focusing on infill drilling to map roll fronts with tighter spacing.”

The company aims to define a mineral resource from this campaign, leveraging its proximity to Cameco’s Smith Ranch mill, which has a capacity of 5.5 million pounds and a production history of 25-26 million pounds. The 70,000-acre Pine Ridge property is surrounded by active projects, including UEC’s Allemand-Ross to the north and GTI’s resource-defined project Lo Herma to the southwest, making it a hub of uranium activity.

Diversified U.S. Assets

Beyond Pine Ridge, Global Uranium and Enrichment is advancing other key U.S. projects. The Tallahassee Uranium Project in Colorado boasts a JORC 2012-compliant resource of 52 million pounds, with the broader district holding up to 90 million pounds. “Tallahassee is one of the largest undeveloped uranium deposits in the U.S.,” Ferrier said. The company is preparing a scoping study this year to outline its potential, working with partner Western Uranium to unlock its value.

The Maybell Uranium Project, also in Colorado, is nearing completion of a resource estimate following a successful 2024 drilling program. With historical production of over 5 million pounds, Maybell offers significant exploration upside. Meanwhile, the Rattler Uranium Project in Utah, located 70-80 km from Energy Fuels’ White Mesa Mill, remains a lower-priority asset but has attracted interest from other companies due to its strategic location.

Athabasca Basin: A Strategic Hold

While Global Uranium and Enrichment holds a substantial land package in Canada’s Athabasca Basin, including the promising Noonan asset, the company is prioritizing its U.S. operations. “We’re in discussions with parties interested in parts or all of our Athabasca portfolio,” Ferrier said. “Our focus is on de-risking and adding value to our U.S. assets.”

Pioneering Enrichment Technology

A cornerstone of Global Uranium and Enrichment’s strategy is its 21.9% stake in Ubaryon PTY Ltd., an Australian company developing next-generation chemical enrichment technology. Ubaryon recently announced a near-finalized $5 million investment from Urenco, the world’s largest uranium enrichment company, for a 13% stake. This partnership validates Global Uranium and Enrichment’s early $3 million investment in Ubaryon.

“Ubaryon’s chemical enrichment technology eliminates the conversion step in the nuclear fuel cycle, going directly from oxide to oxide,” Ferrier explained. Currently at Technology Readiness Level 4, the technology is on track for further development over the next three years. With global enrichment capacity constrained and prices rising,

Ubaryon’s innovation could play a pivotal role in addressing the U.S.’s lack of domestic enrichment capacity.

Lessons from Reno Creek

Ferrier’s experience with the Reno Creek ISR project, the largest permitted pre-construction in-situ recovery (ISR) project in the U.S., is a significant asset. Located just 30 km from Pine Ridge, Reno Creek was permitted by Ferrier’s current team. “Our expertise in Wyoming’s Powder River Basin gives us a huge advantage,” he said. “We know how to avoid missteps and ensure technical data is robust, which is critical for efficient permitting and development.”

Long-Term Vision

As a multi-jurisdiction company, Global Uranium and Enrichment is exploring options to maximize shareholder value. “Valuations in the U.S. and Canada are higher than on the ASX,” Ferrier noted. “We’re open to divestitures, spin-offs, or other opportunities, particularly for non-core assets like those in the Athabasca Basin.”

Looking ahead, investors can expect significant news flow over the next two to four months. The Urenco-Ubaryon deal is set to close soon, and the Maybell resource estimate is imminent. Pine Ridge’s drilling program will generate continuous updates, with the company fully funded for its exploration efforts following a recent capital raise.

A Bright Future

With a strategic focus on Pine Ridge, a diversified U.S. portfolio, and a pioneering stake in enrichment technology, Global Uranium and Enrichment is well-positioned to lead in the U.S. uranium sector. As Ferrier concluded, “There’s no better time to be active in the U.S. uranium space.” Investors will be watching closely as the company delivers on its ambitious growth plans.

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