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Mining Weekly reported that Uranium One announced that the closing date of the C$1.32-billion offer by Russia’s Atomredmetzoloto (ARMZ) to privatize is scheduled for October 18. The company has secured all the required regulatory approvals.

Mining Weekly reported that Uranium One announced that the closing date of the C$1.32-billion offer by Russia’s Atomredmetzoloto (ARMZ) to privatize is scheduled for October 18. The company has secured all the required regulatory approvals.

According to the report:

The transaction, which would help ARMZ consolidate control over its uranium assets, was initially expected to be completed in the second quarter of 2013.

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