Uranium One Announces Agreement to Acquire 50% Interest in Karatau Uranium Mine

Uranium One Inc. announced the signing of a definitive purchase agreement to acquire a 50% interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto (“ARMZ”), the Russian state-owned uranium mining company. The purchase price will be paid by way of the issuance of 117 million common shares of Uranium One and a cash payment of US$ 90 million (or equivalent promissory note).... 

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Uranium One Provides Update on Kazakhstan Operations

Uranium One’s assets in Kazakhstan consist of a 70% interest in the Betpak Dala LLP joint venture, which owns and operates the Akdala uranium mine and the South Inkai uranium project, and a 30% interest in the Kyzylkum LLP joint venture, which owns and operates the Kharasan uranium project. Uranium One is pleased to report that it received in November a dividend of US$40 million (net of Kazakh...