(Kaieteur News) Gibraltar-based ROPA Investments Limited has secured the right to purchase up to half of the uranium produced during the initial phase of production from the Kurupung Uranium Project, under agreements tied to Canadian company U92 Corp.’s acquisition of the asset in Guyana.

The Kurupung Uranium Project spans approximately 92.2 square kilometres in Region Seven and carries a historical resource estimate of 20.6 million pounds of uranium. U92 completed its acquisition of LIA Industries earlier this year, giving the Canadian company control of what is currently Guyana’s only known uranium project.

Since taking over, U92 has finalised a commercial agreement for an initial 5,000-metre diamond drilling programme, submitted the required environmental application for drill pad preparation, and acquired the historical technical and exploration dataset for the project.