Uranium One Announces Privatization Closing Date

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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