Gibraltar firm secures rights to half of Guyana’s Uranium Project's initial output

Gibraltar firm secures rights to half of Guyana’s Uranium Project’s initial output

Jul 10, 2026 News

(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.

According to the acquisition filing, ROPA — or a nominee it designates — will retain off-take rights to 50% of the first 40 million pounds of uranium oxide (U3O8) produced from the project, effectively giving the firm an option to purchase up to 20 million pounds from initial production.

The off-take arrangement stems from a 18th June, 2025 agreement executed before U92 completed its acquisition of Singapore-based LIA Industries Pte. Ltd., the company that controls the Kurupung project through its Guyanese subsidiary, LIA (Guyana) Inc.

LIA (Guyana) Inc. was incorporated in Guyana on 20th March, 2023, and holds exclusive rights to occupy and explore the property under two Prospecting Licences issued by the Guyana Geology & Mines Commission (GGMC) on 19th April, 2024. The licences permit exploration of uranium, other radioactive minerals, and rare earth elements for three years, ending 18th April, 2027, with an option to extend for up to two additional one-year periods through 18th April, 2029.

The filing notes that any royalty payable to the Government of Guyana from future large-scale mining operations will be negotiated at the time a mining permit application is made — an application that can be submitted at any point during the life of the prospecting licences.

Beyond the off-take rights, ROPA also holds a 2% net concentrate royalty (NCR) over the prospecting licences indefinitely, applying to all revenue generated from mineral extraction and sale, as well as any other revenue derived from the property — regardless of whether the licences are eventually converted into mining licences.

U92, however, retains an option to buy back the royalty in two stages: one percentage point for C$8 million within 36 months of its stock exchange listing, and the remaining point for C$10 million between 36 and 50 months after listing.

U92 has described Kurupung as a project with a significant historical resource and a clear path to expansion, positioning it to meet growing global demand for nuclear energy as countries look to uranium as a low-carbon power source.

ROPA Investments is a privately backed investment group with capital exposure across more than 26 countries, targeting contrarian growth investments primarily in upstream and midstream minerals businesses and technologies adjacent to the metals and mining sector.

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GGMC, Gibraltar firm, Guyana’s Uranium Project, Kurupung uranium project, ROPA Investments Limited, U92 Corp

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