Ubaryon advancing Australian enrichment

Private company Ubaryon has been granted a five-year permit renewal from the Australian Safeguards and Non-Proliferation office to continue advancing its uranium enrichment technology from facilities at Australia’s Nuclear Science and Technology Organisation site in Sydney.

Ubaryon’s novel enrichment technology is based on the chemical separation of naturally occurring isotopes, exploiting known chemical mechanisms using commercially available components and potentially having significant safety, environmental and economic benefits over other processes.

Australian dual-listed uranium developer Okapi Resources is the largest shareholder in Ubaryon, and Managing Director Andrew Ferrier said it was excited to be able to announce the milestone as geopolitical issues continue to heighten the technology’s potential impact.

“Energy independence and security of supply are becoming increasingly important in the nuclear space and especially in relation to uranium enrichment,” Mr Ferrier said.

“Russia is currently a key player comprising circa 45% of global enrichment capacity, but pressure is building for sanctions on Russian nuclear fuel particularly in the U.S, where a Bipartisan bill to ban Russian Uranium has passed a committee in the U.S. House of Representatives,” he added.

“Ubaryon continues to remain well positioned to benefit from the rapidly changing geopolitical climate as it continues to advance its enrichment technology in Australia.”

Nuclear resurgence

Conflict in Ukraine shone a spotlight on the need for energy security, even staunchly anti-nuclear Germany extended its reactors’ life, and most other global powers are turning towards nuclear as a means of meeting their emissions goals and ensuring the lights stay on through crisis.

Britain and the United States are both stepping up their efforts to promote nuclear as a safe energy source and reach their net-zero commitments. China has long been building its own nuclear fleet, Japan is eyeing more nuclear for energy security, and Sweden has just taken a U-turn and shifted away from renewables towards the power of yellowcake.

The case is even being made for nuclear power in shipping, the US Navy has safely steamed over 6200 of reactor years, upscaling of green fuels potentially unrealistic, and going nuclear could provide a cost-effective and zero-emission alternative.

Uranium portfolio

Okapi has built up an expansive uranium portfolio with this in mind and is positioned with expanded assets across the US and Canada as a potential leader in a North American nuclear resurgence, holding one of the United States’ largest uranium resources with 49.8 million pounds U3O8 sitting within its Tallahassee flagship.

Ubaryon see its technology as the next stage of nuclear evolution.

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