Uranium One to Acquire Two More Kazakh Mines

- June 8th, 2010

Uranium One reports the signing of a definitive purchase and subscription agreement with JSC Atomredmetzoloto.
The acquisition will increase Uranium One’s steady state production from its Kazakhstan assets by approximately 60%, from approximately 10 million pounds to approximately 16 million pounds. Total cash costs per pound sold are expected to remain less than US$ 20 per pound on a […]

Uranium One reports the signing of a definitive purchase and subscription agreement with JSC Atomredmetzoloto.

The acquisition will increase Uranium One’s steady state production from its Kazakhstan assets by approximately 60%, from approximately 10 million pounds to approximately 16 million pounds. Total cash costs per pound sold are expected to remain less than US$ 20 per pound on a consolidated basis. Uranium One expects to realize management and operating synergies upon integration of these assets, especially at Akbastau, which is contiguous to the Company’s Karatau Uranium Mine.

For complete news release, click here.

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