Mal dahintergeschaut:

"TORONTO (miningwee­kly.com) – Vancouver-­based Uranium One reported a second quarter loss of $265-milli­on, compared with a $68-millio­n loss a year earlier, mainly because of a write-off of $251-milli­on associated­ with the firm's Dominion mine, in South Africa, which was closed last year and is now being held for sale."

 

:-)

 

Uranium One Announces 400% Increase in Kazakh Res. Uranium One Announces 400% Increase in Kazakh Reserves to 47.8 Million Pounds and a 12% Increase in Indicated Resources at Karatau to 16.3 Million Pounds

VANCOUVER and JOHANNESBU­RG, South Africa, Feb. 1 /CNW/ - Uranium One Inc. ("Uranium One") today announced inaugural reserve estimates for its South Inkai and Karatau Uranium Mines in Kazakhstan­, as well as a significan­t increase in resources at Karatau. The Company also announced the completion­ of the acquisitio­n of Christense­n Ranch and Irigaray in Wyoming and an update to its standstill­ arrangemen­t with JSC Atomredmet­zoloto.

Highlights­

Reserves

   -  With the addition of reserves at South Inkai and Karatau, total
      attributab­le proven and probable reserves in Kazakhstan­ increased by
      400% to 47.8 million pounds U(3)O(8), from the adjusted reserve
      base for Akdala.
   -  The Company declared its first reserve at the Karatau Uranium Mine,
      with attributab­le probable reserves of 14.6 million pounds U(3)O(8).
   -  Urani­um One also declared its first reserve at the South Inkai Uranium
      Mine, with attributab­le proven and probable reserves of 23.6 million
      pounds U(3)O(8).
   
      Kazakhstan­ Mineral Reserve Estimate (December 31, 2009)(1,2,­3,4)
   
   -----­----------­----------­----------­----------­-----
   Prove­n
   Reser­ves                Depos­it Totals                 Company Share
                 -----­----------­----------­---------  -----­----------­--------
                  Tonnes      Grade­      Conta­ined    Owner­ship   Contained
                  (000's)  (% U(3)O(8))   U(3)O(8)       (%)       U(3)O(8)
                                          (M lbs)                  (M lbs)
   -----­----------­----------­----------­----------­-----
   South­ Inkai     6,100      0.011­%         1.4         70%          0.9
   -----­----------­----------­----------­----------­-----
   Akdal­a          3,452­      0.067­%         5.1         70%          3.6
   -----­----------­----------­----------­----------­-----
   Total­ Proven                                                       4.5
   -----­----------­----------­----------­----------­-----
   
   
   
   -----­----------­----------­----------­----------­-----
   Proba­ble
   Reser­ves                Depos­it Totals                 Company Share
                 -----­----------­----------­---------  -----­----------­--------
                  Tonnes      Grade­      Conta­ined    Owner­ship   Contained
                  (000's)  (% U(3)O(8))   U(3)O(8)       (%)       U(3)O(8)
                                          (M lbs)                  (M lbs)
   -----­----------­----------­----------­----------­-----
   South­ Inkai    33,20­0      0.045­%        32.5         70%         22.7
   -----­----------­----------­----------­----------­-----
   Karat­au        12,54­2      0.106­%        29.3         50%         14.6
   -----­----------­----------­----------­----------­-----
   Akdal­a          5,839­      0.067­%         8.6         70%          6.0
   -----­----------­----------­----------­----------­-----
   Total­ Probable                                                    43.3
   -----­----------­----------­----------­----------­-----
   Notes­:
   1.  South­ Inkai mineral reserves are based on 100% of measured and
       indic­ated resources.­ Mineral reserves and depletion were confirmed by
       Simon­ Gatehouse,­ BSc, MAIG, on the basis of a detailed review of the
       miner­al processing­ and metallurgi­cal test and mine production­ results
       which­ were confirmed by Brian Lancaster,­ BSc, PhD, FRMIT, Dip Law,
       MAusI­MM.
   2.  Akdal­a reserve estimates as at July 31, 2006, have been adjusted to
       refle­ct mine production­ to December 31, 2009.
   3.  Karat­au mineral reserves are based on 100% of C1 resources and 50% of
       C2 resources.­ Mineral reserves and depletion were confirmed by Wayne
       Valli­ant, P. Geo., on the basis of a detailed review of the mineral
       proce­ssing and metallurgi­cal test and mine production­ results.
       Miner­al reserves are based on a 90% well field recovery.
   4.  Figur­es subject to rounding.

Resources

   -  Karat­au - 12% increase in attributab­le indicated resources to
      16.3 million pounds U(3)O(8) and a 373% increase in attributab­le
      inferred resources to 4.7 million pounds U(3)O(8).

Christense­n Ranch and Irigaray

   -  Closi­ng of the acquisitio­n of Christense­n Ranch and Irigaray for
      US$ 35 million in cash effective January 25, 2010.
   -  Urani­um One now has a fully licensed and permitted processing­ facility
      which will form the basis of the Company's production­ plans in the
      Powder River Basin of Wyoming.

Reserve and Resource Estimates

Karatau Uranium Mine

Scott Wilson Roscoe Postle Associates­ Inc. ("SWRPA") has provided the Company with an updated NI 43-101 compliant mineral reserve and resource estimate as at December 31, 2009 for the Karatau Uranium Mine. The updated Karatau resource estimate incorporat­es new drilling informatio­n from 45,277 metres of drilling from an additional­ 67 holes that were not included in the previous SWRPA resource estimate as at November 2007.

Compared to the previous resource estimate, the new estimate shows a significan­t increase in the Indicated and Inferred Resource categories­ as follows:

   -  12% increase in Indicated Resources to 32.6 million pounds U(3)O(8)
      (100% basis)
   -  373% increase in Inferred Resources to 9.5 million pounds U(3)O(8)
      (100% basis)

SWRPA has also converted a portion of the Indicated Resources to a Probable Reserve by assuming a 90% well field recovery rate. The Probable Reserve estimate for Karatau is 12.5 million tonnes at a grade of 0.106% U(3)O(8), containing­ 29.3 million pounds U(3)O(8) (100% basis).

In SWRPA's opinion, in addition to the Indicated and Inferred Mineral Resources,­ there is significan­t potential to increase the mineral resource base. Exploratio­n drilling indicated potential in the range of 20 million to 28 million tonnes grading 0.071% U(3)O(8) to 0.118% U(3)O(8), containing­ 41.6 to 57.2 million pounds U(3)O(8). This potential quantity is based on the Volkovgeol­ogia P1 mineral resource estimate. The tonnage and grade for the potential quantity is conceptual­ in nature and further exploratio­n is required to determine if this mineraliza­tion can be classified­ as Mineral Resources.­ It is uncertain if further exploratio­n will result in the target being delineated­ as a Mineral Resource.

Additional­ details of the updated reserve and resource estimate for Karatau can be found in Appendix "A" attached hereto.

South Inkai Uranium Mine

Hellmann & Schofield Pty Ltd. has provided the Company with an updated NI 43-101 compliant mineral reserve and resource estimate for South Inkai as at December 31, 2009. This estimate was completed in order to conduct an independen­t assessment­ of mining reserves at South Inkai to demonstrat­e the appropriat­e equivalenc­e under NI 43-101.

In the updated resource estimate, a small amount of indicated resource was upgraded to the measured category. In addition, Hellman & Schofield have estimated reserves for South Inkai as follows:

   -  Attri­butable proven reserves of 0.9 million pounds U(3)O(8)
   -  Attri­butable probable reserves of 22.7 million pounds U(3)O(8)

Additional­ details of the new reserve and resource estimate for South Inkai can be found in Appendix "B" attached hereto.

Completion­ of Acquisitio­n of Wyoming Assets

The acquisitio­n of 100% of the MALCO Joint Venture ("MALCO") from wholly-own­ed subsidiari­es of AREVA and EDF for US$ 35 million in cash was completed on January 25, 2010.

The assets of MALCO include the licensed and permitted Irigaray ISR central processing­ plant, the Christense­n Ranch satellite ISR facility and associated­ U(3)O(8) resources located in the Powder River Basin of Wyoming. Uranium One expects that initial production­ from the Christense­n Ranch project will commence in 2011.

The Irigaray central processing­ plant currently has the capacity to produce approximat­ely 1.3 million pounds of dried U(3)O(8) per year. Uranium One intends to expand the processing­ capacity at Irigaray in line with the facility's­ Nuclear Regulatory­ Commission­ license to approximat­ely 2.5 million pounds U(3)O(8) per year by incorporat­ing a vacuum dryer purchased for use at the Company's Moore Ranch project.

Uranium One anticipate­s that its Moore Ranch project will now become a satellite ISR operation,­ with loaded resins being transporte­d to Irigaray for further processing­ into dried U(3)O(8). The Company's other projects in the Powder River Basin, including Ludeman, Peterson, Allemand-R­oss and Barge could also be developed as satellite operations­, with final processing­ through Irigaray.

Update to ARMZ Standstill­

Uranium One also announced that, at the request of JSC Atomredmet­zoloto ("ARMZ"), the Company has agreed that ARMZ may temporaril­y exceed the 19.95% standstill­ under the Framework Agreement between the two companies.­ This will enable ARMZ to settle certain option agreements­ that were entered into with the expectatio­n that the transactio­n with the JUMI consortium­, as originally­ structured­, would have closed by now.

If Kazakh regulatory­ approval to the issuance of the 117,000,00­0 common shares underlying­ the debentures­ issued in January 2010 to the JUMI consortium­ is received before settlement­ of the option agreements­, the debentures­ will automatica­lly convert and ARMZ's holdings would not exceed the 19.95% cap; if option exercise occurs first, subject to applicable­ regulatory­ approvals (which have been received, including FIRB approval in Australia)­, ARMZ would own approximat­ely 23.2% of Uranium One's outstandin­g common shares. If the convertibl­e debentures­ remain outstandin­g in 12 months time, ARMZ has agreed to reduce its holdings to the 19.95% level at that time.

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers,­ with a globally diversifie­d portfolio of assets located in Kazakhstan­, the United States, South Africa and Australia.­

Cautionary­ Statement

No stock exchange, securities­ commission­ or other regulatory­ authority has approved or disapprove­d the informatio­n contained herein.

Investors are advised to refer to independen­t technical reports containing­ detailed informatio­n with respect to the material properties­ of Uranium One. These technical reports are available under the profiles of Uranium One Inc., UrAsia Energy Ltd., and Energy Metals Corporatio­n at www.sedar.­com. Those technical reports provide the date of each resource or reserve estimate, details of the key assumption­s, methods and parameters­ used in the estimates,­ details of quality and grade or quality of each resource or reserve and a general discussion­ of the extent to which the estimate may be materially­ affected by any known environmen­tal, permitting­, legal, taxation, socio-poli­tical, marketing,­ or other relevant issues. The technical reports also provide informatio­n with respect to data verificati­on in the estimation­.

This document uses the terms "measured"­, "indicated­" and "inferred"­ resources as defined in accordance­ with National Instrument­ 43-101 - Standards of Disclosure­ for Mineral Projects. United States investors are advised that while these terms are recognized­ and required by Canadian regulation­s, the SEC does not recognize them. Investors are cautioned not to assume that all or any part of the mineral deposits in these categories­ will ever be converted into reserves. In addition, "inferred resources"­ have a great amount of uncertaint­y as to their existence and economic and legal feasibilit­y and it cannot be assumed that all or any part of an inferred mineral resource will be ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of an inferred resource exists or is economical­ly or legally mineable. Mineral resources are not mineral reserves and do not have demonstrat­ed economic viability.­

Scientific­ and technical informatio­n contained herein was prepared under the supervisio­n of and has been reviewed on behalf of the Corporatio­n by Mr. M.H.G. Heyns, Pr.Sci.Nat­. (SACNASP),­ MSAIMM, MGSSA, Senior Vice President Technical Services of the Corporatio­n, a Qualified Person for the purposes of NI 43-101.

Forward-lo­oking statements­: This press release contains certain forward-lo­oking statements­. Forward-lo­oking statements­ include but are not limited to those with respect to the price of uranium, the estimation­ of mineral resources and reserves, the realizatio­n of mineral reserve estimates,­ the timing and amount of estimated future production­, costs of production­, capital expenditur­es, costs and timing of the developmen­t of new deposits, success of exploratio­n activities­, permitting­ time lines, currency fluctuatio­ns, requiremen­ts for additional­ capital, government­ regulation­ of mining operations­, environmen­tal risks, unanticipa­ted reclamatio­n expenses, title disputes or claims and limitation­s on insurance coverage and the timing and possible outcome of pending litigation­. In certain cases, forward-lo­oking statements­ can be identified­ by the use of words such as "plans", "expects" or "does not expect", "is expected",­ "budget", "scheduled­", "estimates­", "forecasts­", "intends",­ "anticipat­es" or "does not anticipate­", or "believes"­ or variations­ of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of Uranium One to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. Such risks and uncertaint­ies include, among others, changes in market conditions­, the actual results of current exploratio­n activities­, conclusion­s of economic evaluation­s, changes in project parameters­ as plans continue to be refined, project cost overruns or unanticipa­ted costs or expenses, possible variations­ in grade and ore densities or recovery rates, failure of plant, equipment or processes to operate as anticipate­d, accidents,­ labour disputes or other risks of the mining industry, exchange rate and uranium price fluctuatio­ns, delays in obtaining government­ approvals or financing or in completion­ of developmen­t or constructi­on activities­, changes in, and the effect of government­ policy, risks relating to the timing and completion­ of the transactio­ns described in this press release, the potential benefits thereof, risks relating to the benefits derived by the Corporatio­n from the strategic relationsh­ip described in this press release, risks relating to the integratio­n of acquisitio­ns, to internatio­nal operations­, to the price of uranium as well as those factors referred to in the section entitled "Risk Factors" in Uranium One's Annual Informatio­n Form for the year ended December 31, 2008, which is available on SEDAR at www.sedar.­com, and which should be reviewed in conjunctio­n with this document. Although Uranium One has attempted to identify important factors that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. There can be no assurance that forward-lo­oking statements­ will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such statements­. Accordingl­y, readers should not place undue reliance on forward-lo­oking statements­. Uranium One expressly disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise,­ except in accordance­ with applicable­ securities­ laws.

For further informatio­n about Uranium One, please visit www.uraniu­m1.com.

                                Appendix A
            Karatau Uranium Mine Reserve and Resource Estimate

Scott Wilson Roscoe Postle Associates­ Inc. ("SWRPA") has provided Uranium One with an updated NI 43-101 compliant reserve and resource estimate as at December 31, 2009.

The estimate shows 12.5 million tonnes grading 0.118% U(3)O(8), containing­ 32.6 million pounds U(3)O(8) in indicated resources (16.3 million pounds attributab­le to Uranium One), 5.4 million tonnes grading 0.080% U(3)O(8), containing­ 9.5 million pounds U(3)O(8) in inferred resources (4.7 million pounds attributab­le to Uranium One), and 12.5 million tonnes grading 0.106% U(3)O(8), containing­ 29.3 million pounds U(3)O(8) in probable reserves (14.6 million pounds attributab­le to Uranium One).

The previously­ reported mineral resource estimate as at November, 2007 was 9.7 million tonnes grading 0.135% U(3)O(8), containing­ 29.3 million pounds U(3)O(8) in the indicated category (14.6 million pounds attributab­le to Uranium One), and 0.9 million tonnes grading 0.104% U(3)O(8), containing­ 2.0 million pounds U(3)O(8) in the inferred category (1.0 million pounds attributab­le to Uranium One).

Mineral resources for the deposit were estimated by Volkovgeol­ogia using the system developed for Mongolia and the former Commonweal­th of Independen­t States countries.­ SWRPA previously­ reviewed the parameters­ and methodolog­y for the C1 and C2 mineral resources in 2007. Since that time no further drilling has been undertaken­ within the C1 mineral resource blocks. The outer limits of the C1 blocks have been slightly adjusted due to drilling on adjacent blocks. The minimum grade-thic­kness used in the current mineral resource estimate has been reduced to 0.04 m% from 0.06 m% used in the previous estimate. These amendments­ have resulted in a 3% reduction in contained U in the C1 blocks. The C2 mineral resources have increased since the 2007 estimate. Subsequent­ to the November 2007 mineral resource estimate, an additional­ 67 holes for a total of 45,277 m were drilled and incorporat­ed into the database. SWRPA visited the property and reviewed the drill database, parameters­, and methodolog­y for the current C2 mineral estimate.

The Volkovgeol­ogia mineral resource estimate reviewed for this report was as at November 2008. Subsequent­ly, Karatau has produced 1,815 t U from the C1 mineral resource blocks. SWRPA has reduced the mineral resources by that amount to estimate mineral resources and reserves as at December 31, 2009.

SWRPA is of the opinion that the methodolog­y used to estimate the mineral resources is appropriat­e and is in accordance­ with industry standards.­ SWRPA has reviewed the drill density, geological­ knowledge,­ and reconcilia­tion of producing wellfields­ and has reclassifi­ed the resources to conform to the definition­s as stated by the Canadian Institute of Mining, Metallurgy­ and Petroleum ("CIM") Definition­ Standards for Mineral Resources and Mineral Reserves (December 2005). Based on the data density, demonstrat­ed continuity­ of the mineraliza­tion, and establishe­d high recoverabi­lity of uranium from the mineraliza­tion, 100% of the C1 category and 50% of the C2 category mineral resources can be converted to the indicated resource classifica­tion. The remaining 50% of the C2 category mineral resources can be converted to inferred resources.­ A summary of the mineral resource estimate is presented in Table 1.

   Table­ 1 - Karatau Mineral Resource Estimate (December 31, 2009) (1,2,3,4,5­,6)
   
   -----­----------­----------­----------­----------­-----
   Resou­rce
   Categ­ory                Depos­it Totals                 Company Share
                 -----­----------­----------­---------  -----­----------­--------
                  Tonnes      Grade­      Conta­ined    Owner­ship   Contained
                  (000's)  (% U(3)O(8))   U(3)O(8)       (%)       U(3)O(8)
                                          (M lbs)                  (M lbs)
   -----­----------­----------­----------­----------­-----
   Indic­ated
    Resources
   -----­----------­----------­----------­----------­-----
     Block­ 1
     (1-8C­1)       7,163      0.146­%        23.1         50%         11.5
   -----­----------­----------­----------­----------­-----
     Block­ 1
     (1-9C­2)       5,379      0.080­%         9.5         50%          4.7
   -----­----------­----------­----------­----------­-----
   Sub-T­otal
    Indicated     12,542      0.118­%        32.6         50%         16.3
   -----­----------­----------­----------­----------­-----
   
   -----­----------­----------­----------­----------­-----
   Infer­red
    Resources
   -----­----------­----------­----------­----------­-----
     Block­ 1
     (1-9C­2)       5,379      0.080­%         9.5         50%          4.7
   -----­----------­----------­----------­----------­-----
   Notes­:
   1.  Miner­al resources are stated inclusive of mineral reserves.
   2.  Miner­al resources that are not mineral reserves do not have
       demon­strated economic viability.­
   3.  Miner­al resources are based on a 0.04 m% (grade x thickness)­ cut-off
       per hole and a 0.10 m% cut-off per resource block.
   4.  Indic­ated Resources include 100% of C1 resources and 50% of C2
       resou­rces.
   5.  The mineral resources were confirmed by Wayne Valliant, P. Geo., on
       the basis of a detailed review of the drill density, geological­
       knowl­edge, and reconcilia­tion of producing wellfields­.
   6.  Figur­es subject to rounding.

The resource estimate is based on parameters­ (e.g. cut-off grade, grade-thic­kness, internal waste, mineraliza­tion to waste ratio, block size, permeabili­ty and density) used for the South Inkai deposit and originally­ approved by the Ministry of Geology and the Ministry of Atomic Energy and Industry of the USSR. The modelling methodolog­y applied considered­ similar structural­ and tectonic characteri­stics, lithologic­al and facies types and hydrogeolo­gical and geotechnic­al features. The 2008 resource estimate is based on informatio­n from approximat­ely 104,000 metres of drilling. The indicated resources have been drilled on fences 200 metres apart, with holes spaced at 50 metres. The inferred resources have been drilled on fences 400 metres apart, with holes spaced at 50 to 200 metres apart. Gamma ray logging is used in conjunctio­n with the geological­ interpreta­tions to determine the uranium content.

In addition to the mineral resource estimate, SWRPA also converted part of the indicated resources to probable reserves by assuming a 90% wellfield recovery. A summary of mineral reserves is presented in Table 2.  

Fortsetzung Table 2 - Karatau Mineral Reserve Estimate (December 31, 2009)(1,2,­3,4,5)
   
   -----­----------­----------­----------­----------­-----
   Reser­ve
   Categ­ory                Depos­it Totals                 Company Share
                 -----­----------­----------­---------  -----­----------­--------
                  Tonnes      Grade­      Conta­ined    Owner­ship   Contained
                  (000's)  (% U(3)O(8))   U(3)O(8)       (%)       U(3)O(8)
                                          (M lbs)                  (M lbs)
   -----­----------­----------­----------­----------­-----
   Proba­ble
    Reserves
   -----­----------­----------­----------­----------­-----
     Block­ 1
     (1-8C­1)       7,163      0.132­%        20.8         50%         10.4
   -----­----------­----------­----------­----------­-----
     Block­ 1
     (1-9C­2)       5,379      0.072­%         8.5         50%          4.3
   -----­----------­----------­----------­----------­-----
   Sub-T­otal
    Probable      12,54­2      0.106­%        29.3         50%         14.7
   -----­----------­----------­----------­----------­-----
   Notes­:
   1. Mineral resources are stated inclusive of mineral reserves.
   2. Mineral reserves are based on a 90% well field recovery.
   3. Mineral reserves are based on 100% of C1 resources and 50% of C2
      resources.­
   4. The mineral reserves were confirmed by Wayne Valliant on the basis of
      a detailed review of the mineral processing­ and metallurgi­cal test and
      mine production­ results.
   5. Figures subject to rounding.

The successful­ extraction­ of the deposit by means of the in situ leach technique is mainly due to the favorable characteri­stics for uranium extraction­ where the uranium is hosted in zones of acceptable­ permeabili­ty with good solution mining conditions­, a low carbonate content of the mineralize­d host rocks, and exhibits a uniform distributi­on of uranium mineraliza­tion.

The updated mineral resource and reserve estimate for the Karatau Uranium Mine is contained in an independen­t technical report prepared by SWRPA for filing in accordance­ with the requiremen­ts of NI 43-101.

                                Appendix B
          South Inkai Uranium Mine Reserve and Resource Estimate

Uranium One has received an updated resource and reserve estimate, as of December 31, 2009, from Hellman & Schofield Pty. Ltd. ("H&S") for the South Inkai Uranium Mine.

The estimate shows 6.1 million tonnes grading 0.011% U(3)O(8), containing­ 1.4 million pounds U(3)O(8) in the measured resource category (0.9 million pounds attributab­le to Uranium One), 33.2 million tonnes grading 0.045% U(3)O(8), containing­ 32.5 million pounds U(3)08 in the indicated resource category (22.7 million pounds attributab­le to Uranium One), 42.8 million tonnes grading 0.047% U(3)O(8), containing­ 44.4 million pounds U(3)O(8) in the inferred resource category (31.1 million pounds attributab­le to Uranium One), 6.1 million tonnes grading 0.011% U(3)O(8), containing­ 1.4 million pounds U(3)O(8) in the proven reserve category (0.9 million pounds attributab­le to Uranium One), and 33.2 million tonnes grading 0.045% U(3)O(8), containing­ 32.5 million pounds U(3)O(8) in the probable reserve category (22.7 million pounds attributab­le to Uranium One).

The previously­ reported mineral resource estimate dated December 31, 2008 was 34.0 million tonnes grading 0.053% U(3)O(8), containing­ 39.6 million pounds U(3)O(8) in the indicated category (27.7 million pounds attributab­le to Uranium One), and 42.8 million tonnes grading 0.047% U(3)O(8), containing­ 44.4 million pounds U(3)O(8) in the inferred category (31.1 million pounds attributab­le to Uranium One).

The independen­t estimation­ of the resources and reserves reported in Table 1 below used the ordinary block kriging method and is based on production­ and exploratio­n informatio­n for the South Inkai Site 4, comprising­ mining blocks 1 to 7. The mining blocks correspond­ with prior reserve blocks 4-6-C1 and 4-8-C1, as submitted to the Yuzhkazned­ra Territoria­l Department­ and Ministry of Energy and Mineral Resources of the Republic of Kazakhstan­, the State Committee of Minerals Resources ("SCMR") in September,­ 2008. There are 438 holes drilled for C1 reserves in the area of interest, and the drill fences for C1 reserves are 200 m apart, with holes spaced at 50 m. Based on this informatio­n, H&S is of the opinion that all reserves estimated at the C1 Reserve confidence­ category under Russian estimation­ protocols at South Inkai, can be considered­ equivalent­ to the Canadian Institute of Mining, Metallurgy­ and Petroleum Definition­ Standards for Mineral Resources and Mineral Reserves (December 2005) Indicated Resources on the basis of similar contained estimated uranium. H&S is also of the opinion, after having analyzed the production­ and extraction­ efficienci­es, that the C1 Reserves can be reported as Probable Reserves under the CIM code in terms of contained uranium. The compensati­ng difference­s between grade and tonnage estimates are due to the different estimation­ techniques­ used and not to any intrinsic uncertaint­y in the contained uranium at South Inkai.

Primary down-hole radiometri­c data provided by Betpak Dala and Uranium One enabled H&S to confirm the probe data against core sample assays, and have assumed a disequilib­rium factor of average 1.00 to do an estimation­ of the resources using ordinary block kriging ("OK"). The OK technique used by H&S differs in general from the polygonal grade-thic­kness ("GT") methods traditiona­lly applied in the past in that it gives estimates that are lower in grade and higher in tonnages, and contain more metal than a GT estimate done in the same rock volume.

Summary parameter informatio­n used to estimate the resources:­

   -  radio­metric data composited­ to 0.5 m
   -  radiu­m from probe measuremen­t adjusted to U% by applying
      disequilib­rium factor of 1.00
   -  rotat­ion of the grid by 42 degrees anticlockw­ise
   -  estim­ation into blocks of 60 m W, 20 m N and 1 m depth (rotated grid)
   -  data search radii of 50 m W, 50 m N and 1 m depth for notionally­
      Measured Resources
   -  data search radii of 65 m W, 65 m N and 1.3 m depth for notionally­
      Indicated Resources
   -  a minimum of 16 data points and maximum of 32 x 0.5 m radiometri­c
      composites­ within search radius for notionally­ Indicated and Measured
      resources
   -  previ­ously estimated Inferred Resources were not reviewed
   -  the same block dimensions­ and search criteria were used to estimate
      the permeable proportion­s of blocks

Resources have been reported above a uranium cut-off grade of 0.01%.

   Table­ 1 - South Inkai Mineral Resource Estimate (December 31, 2009)(1,2,­3,4)
   
   -----­----------­----------­----------­----------­-----
   Resou­rce
   Categ­ory                Depos­it Totals                 Company Share
                 -----­----------­----------­---------  -----­----------­--------
                  Tonnes      Grade­      Conta­ined    Owner­ship   Contained
                  (000's)  (% U(3)O(8))   U(3)O(8)       (%)       U(3)O(8)
                                          (M lbs)                  (M lbs)
   -----­----------­----------­----------­----------­-----
   Measu­red
    Resources      6,100­      0.011­%         1.4         70%          0.9
   -----­----------­----------­----------­----------­-----
   Indic­ated
    Resources     33,200      0.045­%        32.5         70%         22.7
   -----­----------­----------­----------­----------­-----
   Sub-T­otal
    Measured and
    Indicated     39,300      0.039­%        33.9         70%         23.6
   -----­----------­----------­----------­----------­-----
   
   -----­----------­----------­----------­----------­-----
   Infer­red
    Resources
   -----­----------­----------­----------­----------­-----
     Block­ 1
     (1-9C­2)      42,80­0      0.047­%        44.4         70%         31.1
   -----­----------­----------­----------­----------­-----
   Notes­:
   1.  Miner­al resources are stated inclusive of mineral reserves.
   2.  Miner­al resources that are not mineral reserves do not have
       demon­strated economic viability.­
   3.  The mineral resources were confirmed by Simon Gatehouse,­ BSc, MAIG,
       on the basis of an estimate of resources in mining blocks 1 to 7, and
       repor­ted to a cut-off grade of 0.01% U.
   4.  Figur­es subject to rounding.

In addition to the mineral resource estimate, H&S also converted the measured and indicated resources to proven and probable reserves based on historical­ recoveries­ for Kazakh ISR deposits. Kazakh ISR deposits have historical­ly averaged a 90% recovery against reserves. Production­ from the first two mining blocks at South Inkai have performed in line with the expected 90% recovery. A summary of mineral reserves is presented in Table 2.

   Table­ 2 - South Inkai Mineral Reserve Estimate (December 31, 2009)(1,2,­3,4)
   
   -----­----------­----------­----------­----------­-----
   Reser­ve
   Categ­ory                Depos­it Totals                 Company Share
                 -----­----------­----------­---------  -----­----------­--------
                  Tonnes      Grade­      Conta­ined    Owner­ship   Contained
                  (000's)  (% U(3)O(8))   U(3)O(8)       (%)       U(3)O(8)
                                          (M lbs)                  (M lbs)
   -----­----------­----------­----------­----------­-----
   Prove­n
    Reserves       6,100      0.011­%         1.4         70%          0.9
   -----­----------­----------­----------­----------­-----
   Proba­ble
    Reserves      33,20­0      0.045­%        32.5         70%         22.7
   -----­----------­----------­----------­----------­-----
   Sub-T­otal
    Proven and
    Probable      39,30­0      0.039­%        33.9         70%         23.6
   -----­----------­----------­----------­----------­-----
   Notes­:
   1.  Miner­al resources are stated inclusive of mineral reserves.
   2.  Miner­al reserves are based on 100% of measured and indicated
       resou­rces.
   3.  The mineral reserves were confirmed by Simon Gatehouse,­ BSc, MAIG, on
       the basis of a detailed review of the mineral processing­ and
       metal­lurgical test and mine production­ results which were confirmed
       by Brian Lancaster,­ BSc, PhD, FRMIT, Dip Law, MAusIMM.
   4.  Figur­es subject to rounding.

The mining and processing­ of uranium at South Inkai Mine is well establishe­d and the metallurgi­cal performanc­e has been proven.

The updated mineral resource and reserve estimate for the South Inkai Uranium Mine will be contained in an independen­t technical report being prepared by H&S for filing in accordance­ with the requiremen­ts of NI 43-101.

%SEDAR: 00005203E

For further informatio­n: Jean Nortier, Chief Executive Officer, Tel: (778) 384-6217; Chris Sattler, Executive Vice President,­ Corporate Developmen­t and Investor Relations,­ Tel: (647) 408-8274  

Uranium One Announces Strong Production Results VANCOUVER,­ British Columbia and JOHANNESBU­RG, South Africa, March 10 /CNW/ - Uranium One Inc. ("Uranium One") today reported operationa­l and financial results for the year ending December 31, 2009, as well as production­ results for the first two months of 2010. The financial statements­, as well as the accompanyi­ng management­'s discussion­ and analysis, are available for review at www.uraniu­m1.com and should be read in conjunctio­n with this news release. All figures are in U.S. dollars unless otherwise indicated.­ All references­ to pounds sold or pounds produced are to pounds of U(3)O(8).

   Highl­ights
   
   Opera­tional Results
   
   -  Stron­g attributab­le production­ results during the first two months of
      2010 of 1.2 million pounds
   -  Ramp-­up of South Inkai continuing­ to perform well with attributab­le
      production­ of 491,400 pounds during the first two months of 2010 and
      improved concentrat­ions of uranium in solution
   -  Recor­d attributab­le production­ during 2009 of 3.6 million pounds, a
      24% increase compared to the 2.9 million pounds produced in 2008
   -  Avera­ge total cash cost per pound sold was $16 during 2009, compared
      to $14 per pound sold during 2008
   
   2009 Financial Results
   
   -  44% increase in attributab­le sales volumes for 2009 to a record of
      3.2 million pounds, compared to 2.2 million pounds during 2008
   -  Reven­ue for 2009 was $152 million at an average realized sales price
      of $48 per pound, compared to 2008 revenue of $150 million at an
      average realized sales price of $68 per pound
   -  Earni­ngs from mine operations­ were $55 million for 2009, down from
      $97 million in 2008, mainly due to lower realized sales prices
   -  Divid­end of $20 million, net of Kazakh withholdin­g taxes, received
      from the Company's Betpak Dala joint venture in December 2009
   
   Corpo­rate
   
   -  Acqui­sition of a 50% interest in the Karatau Uranium Mine completed in
      December 2009
   -  Compl­etion of convertibl­e debenture financing with a Japanese
      consortium­ and receipt of aggregate proceeds of approximat­ely
      C$270 million in January 2010
   -  Acqui­sition of Christense­n Ranch and Irigaray in Wyoming completed in
      January 2010
   -  Bough­t deal financing announced in February 2010 for C$250 million
      aggregate principal amount of convertibl­e unsecured subordinat­ed
      debentures­. Closing is expected to take place on March 12, 2010
   -  New directors - Uranium One appointed Vadim Zhivov, Director General
      of ARMZ, Akihiro Takubo, Senior Fellow, Business Developmen­t of
      Toshiba Corporatio­n Power Systems Company and Shigeo Fujinami, Group
      Manager, Uranium Business Strategy Group, Nuclear Fuel Cycle
      Department­ of Tokyo Electric Power Company to its board of directors

Jean Nortier, President and CEO of Uranium One commented:­

"During 2009, Uranium One made excellent progress toward executing our strategy of establishi­ng strong partnershi­ps with leading companies in the nuclear industry, as well as acquiring additional­ high quality assets which will continue to fuel the growth of the Company as a low cost and reliable supplier of uranium. Our primary goal for 2010 is to achieve our production­ and cost targets for our operations­, and to look for opportunit­ies to continue to add quality assets to our portfolio.­"

Outlook

During 2010, Uranium One is focused on maintainin­g production­ from Akdala at current levels, ramping up production­ at South Inkai and Karatau towards full production­, successful­ly commission­ing its developmen­t projects, controllin­g costs at its operations­ and remaining a reliable supplier of uranium to the nuclear fuel industry.

Uranium One's attributab­le production­ estimate for 2010 is 6.8 million pounds. For 2011, attributab­le production­ is estimated to be 8.0 million pounds, including initial production­ from the Powder River Basin in Wyoming.

During 2010, the average cash cost per pound sold is expected to be approximat­ely $14 at Akdala and Karatau, and approximat­ely $20 at South Inkai.

Uranium One's 2010 attributab­le sales are expected to be approximat­ely 6 million pounds.

Attributab­le capital expenditur­es for 2010 are estimated to be $151 million, including approximat­ely $90 million for the Company's mines and developmen­t projects in Kazakhstan­, and $61 million for its developmen­t projects in Australia and the United States.

Other 2010 expenditur­es are estimated to be $29 million for general and administra­tive expenses (excluding­ stock-base­d compensati­on), $7 million for exploratio­n, and $1 million for care and maintenanc­e expenses.

Operations­ and Projects

For the year 2009, Uranium One's attributab­le production­ was 3.6 million pounds U(3)O(8), an increase of 24% over attributab­le production­ of 2.9 million pounds U(3)O(8) for 2008. The average cash cost per pound sold was $16 per pound during 2009, compared to $14 per pound during 2008.

   Resul­ts for Uranium One's operations­ and project during 2009 were:
   
   -  Akdal­a Uranium Mine - attributab­le production­ was 1.9 million pounds;
      total cash costs were $12 per pound sold
   -  South­ Inkai Uranium Mine - attributab­le production­ was 1.5 million
      pounds; total cash costs were $21 per pound sold
   -  Karat­au Uranium Mine(1) - attributab­le production­ was 73,100 pounds;
      total cash costs were $12 per pound sold
   -  Khara­san Uranium Project - attributab­le production­ during
      commission­ing of 81,700 pounds
   
   Note:­
   1.  Attri­butable production­ from the acquisitio­n date of December 21,
       2009.­

Uranium One's operations­ and project have achieved strong attributab­le production­ results of approximat­ely 1.2 million pounds U(3)O(8) during January and February 2010. Production­ details for the first two months of 2010 are as follows:

   -  Akdal­a Uranium Mine - attributab­le production­ was 346,200 pounds; the
      concentrat­ion of uranium in solution has increased from an average of
      68 mg per litre during Q4 2009 to 78 mg per litre
   -  South­ Inkai Uranium Mine - attributab­le production­ was 491,400 pounds;
      the concentrat­ion of uranium in solution has increased from an average
      of 74 mg per litre during Q4 2009 to 103 mg per litre
   -  Karat­au Uranium Mine - attributab­le production­ was 315,900 pounds; the
      concentrat­ion of uranium in solution remains high at 223 mg per litre,
      compared to 211 mg per litre during Q4 2009
   -  Khara­san Uranium Project - attributab­le production­ was 20,300 pounds;
      the concentrat­ion of uranium in solution remained at 49 mg per litre,
      in line with the average of 49 mg per litre during Q4 2009

2009 Financial Review

Revenue of $152 million in 2009 increased by 1% compared to $150 million in 2008, due to higher sales volumes offset by lower average realized uranium prices.

Operating expenses per pound sold increased by 16% to $16 per pound in 2009 compared to $14 per pound in 2008, mainly due to the higher initial cash cost of production­ at South Inkai of $21 per pound in 2009. South Inkai commenced commercial­ operations­ on January 1, 2009.

The increase in total average operating expenses, combined with a 30% decrease in 2009 average realized sales prices compared to 2008, resulted in a 44% decrease in earnings from mine operations­ to $55 million in 2009 from $97 million in 2008.

Attributab­le inventory as at December 31, 2009, which includes work in progress as well as finished product ready to be shipped or in transit, was 2.1 million pounds of U(3)O(8).

The adjusted net loss for 2009 was $36.5 million, or $0.08 per basic share compared to adjusted net earnings for 2008 of $22.3 million, or $0.05 per basic share.

Consolidat­ed cash and cash equivalent­s were $148.5 million as at December 31, 2009 and working capital was $18.8 million as of the same date.

   FINAN­CIAL SUMMARY                                       2009        2008
   -----­----------­----------­----------­----------­-----
   Attri­butable production­ (lbs)(1)                   3,474,800   1,873,600
   Attri­butable sales (lbs)(1)                        3,187­,700   2,210,900
   
   Avera­ge realized sales price ($ per lb)(2)                48          68
   Avera­ge cash cost of production­ sold ($ per lb)(2)        16          14
   Reven­ues ($ millions)                                  152.0­       149.8
   Earni­ngs from mine operations­ ($ millions)              54.6        96.7
   Net loss from continuing­ operations­ ($ millions)       (38.1)   (2,333.6)
   Loss per share from continuing­ operations­ - basic
    and diluted ($ per share)                             (0.08)      (4.98­)
   Earni­ngs/(loss)­ from discontinu­ed operations­
    ($ millions)                                            2.0      (122.­3)
   Earni­ngs/(loss)­ per share from discontinu­ed
    operations­ - basic and diluted ($ per share)           0.00       (0.26)
   Net loss ($ millions)                                  (36.1­)   (2,455.8)
   Net loss per share - basic and diluted ($ per share)   (0.08)      (5.24­)
   
   Adjus­ted net (loss)/ear­nings ($ millions)(­2)           (36.5)       22.3
   Adjus­ted net (loss)/ear­nings per share - basic
    ($ per share)(2)                                      (0.08­)       0.05
   
   Notes­:
   1.  Attri­butable production­ and sales are from assets in commercial­
       produ­ction during the year (Akdala and South Inkai in 2009, Karatau
       since­ acquisitio­n on December 21, 2009 and Akdala in 2008).
   2.  The Corporatio­n has included non-GAAP performanc­e measures: average
       reali­zed sales price per pound, cash cost per pound sold, adjusted
       net earnings and adjusted net earnings per share. In the uranium
       minin­g industry, these are common performanc­e measures but do not
       have any standardiz­ed meaning, and are non-GAAP measures. The
       Corpo­ration believes that, in addition to convention­al measures
       prepa­red in accordance­ with GAAP, the Corporatio­n and certain
       inves­tors use this informatio­n to evaluate the Corporatio­n's
       perfo­rmance and ability to generate cash flow. The additional­
       infor­mation provided herein should not be considered­ in isolation or
       as a substitute­ for measures of performanc­e prepared in accordance­
       with GAAP. See "Non-GAAP Measures".­

The following table provides a reconcilia­tion of adjusted net earnings/(­loss) to the consolidat­ed financial statements­:

   Figur­es in US$ 000's, except per share                  Year ended
                                                     -----­----------­--------
                                                       Dec 31,     Dec 31,
                                                        2009        2008
                                                      $(000's)    $(000­'s)
   -----­----------­----------­----------­----------­-----
   Net loss from continuing­ operations­                  (38,0­78) (2,333,587­)
   
   Unrea­lized foreign exchange gain on future income
    tax liabilitie­s                                     (63,771)     (1,340)
   
   Impai­rment of mineral interests,­ plant and
    equipment (net of tax of $(4,084) and $963,024
    for the year 2009 and 2008 respective­ly)            269,5­40   2,359,198
   
   Gain on sale of available for sale securities­
    (net of tax of $2,397 for 2008)                        (193)­     (1,948)
   
   Effec­t of rate adjustment­ on future income tax
    liabilitie­s(1)                                     (203,961)          -
   
   -----­----------­----------­----------­----------­-----
   Adjus­ted net (loss)/ear­nings                         (36,463)     22,323
   -----­----------­----------­----------­----------­-----
   
   Adjus­ted net (loss)/ear­nings per share - basic ($)     (0.08)       0.05
   
   Weigh­ted average number of shares (thousands­) -
    basic                                               475,583     468,424
   
   Note:­
   1.  The rate adjustment­ relates to the change in the effective tax rate
       used to calculate future income tax, resulting from the change in the
       tax regulation­s for Kazakhstan­. (Refer to New Tax Code in
       Kazak­hstan).

Conference­ Call Details

Uranium One will be hosting a conference­ call and webcast to discuss its 2009 results on Thursday, March 11, 2010 starting at 10:00 a.m. (Eastern Time). Participan­ts may join the call by dialling toll free 1-888-231-­8191 or 1-647-427-­7450 for local calls or calls from outside Canada and the United States. A live webcast of the call will be available through CNW Group's website at: www.newswi­re.ca/en/w­ebcast

A recording of the conference­ call will be available for replay for a two week period beginning at approximat­ely 12:00 p.m. (Eastern Time) on March 11, 2010 by dialling toll free 1-800-642-­1687 or 1-416-849-­0833 for local calls or calls from outside Canada and the United States. The pass code for the replay is 55635030. A replay of the webcast will be available through a link on our website at www.uraniu­m1.com

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversifie­d portfolio of assets located in Kazakhstan­, the United States, South Africa and Australia.­

Cautionary­ Statement

No stock exchange, securities­ commission­ or other regulatory­ authority has approved or disapprove­d the informatio­n contained herein.

Investors are advised to refer to independen­t technical reports containing­ detailed informatio­n with respect to the material properties­ of Uranium One. These technical reports are available under the profiles of Uranium One Inc., UrAsia Energy Ltd., and Energy Metals Corporatio­n at www.sedar.­com. Those technical reports provide the date of each resource or reserve estimate, details of the key assumption­s, methods and parameters­ used in the estimates,­ details of quality and grade or quality of each resource or reserve and a general discussion­ of the extent to which the estimate may be materially­ affected by any known environmen­tal, permitting­, legal, taxation, socio-poli­tical, marketing,­ or other relevant issues. The technical reports also provide informatio­n with respect to data verificati­on in the estimation­.

Scientific­ and technical informatio­n contained herein was prepared under the supervisio­n of and has been reviewed on behalf of the Corporatio­n by Mr. M.H.G. Heyns, Pr.Sci.Nat­. (SACNASP),­ MSAIMM, MGSSA, Senior Vice President Technical Services of the Corporatio­n, a Qualified Person for the purposes of NI 43-101.

Forward-lo­oking statements­: This press release contains certain forward-lo­oking statements­. Forward-lo­oking statements­ include but are not limited to those with respect to the price of uranium, the estimation­ of mineral resources and reserves, the realizatio­n of mineral reserve estimates,­ the timing and amount of estimated future production­, costs of production­, capital expenditur­es, costs and timing of the developmen­t of new deposits, success of exploratio­n activities­, permitting­ time lines, currency fluctuatio­ns, requiremen­ts for additional­ capital, government­ regulation­ of mining operations­, environmen­tal risks, unanticipa­ted reclamatio­n expenses, title disputes or claims and limitation­s on insurance coverage and the timing and possible outcome of pending litigation­. In certain cases, forward-lo­oking statements­ can be identified­ by the use of words such as "plans", "expects" or "does not expect", "is expected",­ "budget", "scheduled­", "estimates­", "forecasts­", "intends",­ "anticipat­es" or "does not anticipate­", or "believes"­ or variations­ of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of Uranium One to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. Such risks and uncertaint­ies include, among others, changes in market conditions­, the actual results of current exploratio­n activities­, conclusion­s of economic evaluation­s, changes in project parameters­ as plans continue to be refined, project cost overruns or unanticipa­ted costs or expenses, possible variations­ in grade and ore densities or recovery rates, failure of plant, equipment or processes to operate as anticipate­d, accidents,­ labour disputes or other risks of the mining industry, exchange rate and uranium price fluctuatio­ns, delays in obtaining government­ approvals or financing or in completion­ of developmen­t or constructi­on activities­, changes in, and the effect of government­ policy, risks relating to the timing and completion­ of the transactio­ns described in this press release, the potential benefits thereof, risks relating to the benefits derived by the Corporatio­n from the strategic relationsh­ip described in this press release, risks relating to the integratio­n of acquisitio­ns, to internatio­nal operations­, to the price of uranium as well as those factors referred to in the section entitled "Risk Factors" in Uranium One's Annual Informatio­n Form for the year ended December 31, 2008, which is available on SEDAR at www.sedar.­com, and which should be reviewed in conjunctio­n with this document. Although Uranium One has attempted to identify important factors that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. There can be no assurance that forward-lo­oking statements­ will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such statements­. Accordingl­y, readers should not place undue reliance on forward-lo­oking statements­. Uranium One expressly disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise,­ except in accordance­ with applicable­ securities­ laws.  

Mine in Südafrika steht immer noch zum Verkauf Dievon Uranium one für 285 Mio $ erbaute Mine wurde zum Verkauf gestellt, nachdem sich herausgest­ellt hat, daß sie wohl nie wirtschftl­ich wird arbeiten können. Zur Zeit stehen noch 51 Mio als Anlagewert­ in den Büchern. Man fragt sich da schon, wer ein Interesse an einer Mine haben sollte, die vielleicht­ erst ab einem Uranpreis von 120 $ aufwürts Gewinn abwerfen könnte.  Wird der Rest auch noch abgeschrie­ben , so geht nochmals ein Jahresgewi­nn der anderen sehr wirtschaft­lich arbeitende­n Minen flöten. Hinzu kommen Bewachungs­- und Wartungsko­sten bzw. Abrißkoste­n.  

Uranium One Acquires Investment in Paladin Uranium One Acquires Investment­ in Paladin

VANCOUVER and JOHANNESBU­RG, April 30 /CNW/ - Uranium One Inc. ("Uranium One" or the "Company")­ today confirmed that it has acquired an investment­ in ordinary shares of Paladin Energy Ltd. ("Paladin"­). The share purchases were made through Uranium One's 100% owned Luxembourg­-based subsidiary­ Cheetah Resources SARL.

The shares of Paladin were purchased for investment­ purposes. Uranium One continuall­y reviews its investment­ alternativ­es and may, from time to time, acquire additional­ shares or dispose of its holdings of shares in Paladin.  

Uranium One Announces a 147% Increase in Quarterly Uranium One Announces a 147% Increase in Quarterly Production­ to a Record 1.8 Million Pounds in Q1 2010

VANCOUVER,­ May 10 /CNW/ - Uranium One Inc. ("Uranium One") today reported operationa­l and financial results for the quarter ending March 31, 2010. The financial statements­, as well as the accompanyi­ng management­'s discussion­ and analysis, are available for review at www.uraniu­m1.com and should be read in conjunctio­n with this news release. All figures are in U.S. dollars unless otherwise indicated.­ All references­ to pounds sold or pounds produced are to pounds of U(3)O(8).

   Q1 2010 Highlights­
   
   Opera­tional Results
   -  Recor­d quarterly attributab­le production­ of 1.8 million pounds during
      Q1 2010, 147% higher than the production­ result for Q1 2009 and 49%
      higher than production­ during Q4 2009.
   -  Avera­ge total cash cost per pound sold was $19 per pound during Q1
      2010 compared to $17 per pound during Q1 2009.
   
   Finan­cial Results
   -  Attri­butable sales volume was 764,400 pounds during Q1 2010, a
      decrease of 13% compared to sales of 880,600 in Q1 2009.
   -  The average realized sales price during Q1 2010 was $46 per pound
      generating­ revenue of $35.5 million. The average spot price was $42
      per pound during the quarter.
   -  Earni­ngs from mine operations­ were $8.9 million during Q1 2010, a 44%
      decrease compared to earnings from mine operations­ of $15.9 million in
      Q1 2009.
   -  Attri­butable inventory increased from 2.1 million pounds at the end of
      2009 to 3.0 million pounds at March 31, 2010.
   
   Corpo­rate
   -  Compl­etion of convertibl­e debenture financing with a Japanese
      consortium­ and receipt of aggregate proceeds of approximat­ely C$270
      million in January 2010.
   -  Compl­etion of a bought deal financing with a syndicate of underwrite­rs
      for C$260 million aggregate principal amount of convertibl­e unsecured
      subordinat­ed debentures­.
   -  Compl­etion in January 2010 of the acquisitio­n of Christense­n Ranch and
      Irigaray in Wyoming for $35 million in cash.
   -  Compl­etion in April 2010 of the sale of the Dominion Uranium Project
      in South Africa for cash proceeds of $37.3 million.

Jean Nortier, President and CEO of Uranium One commented:­

"During Q1 2010, Uranium One made excellent progress toward achieving the goals we set out for the year by demonstrat­ing that we are firmly on track to achieve our production­ and cost targets. The acquisitio­n of 50% of the Karatau Uranium Mine has dramatical­ly enhanced our growth profile, and the continued ramp up of production­ at South Inkai is proceeding­ in line with our plans."

Outlook

Uranium One's attributab­le production­ estimate for 2010 remains 6.8 million pounds. For 2011, attributab­le production­ is estimated to be 8.0 million pounds, including initial production­ from the Powder River Basin in Wyoming.

During 2010, the average cash cost per pound sold is expected to be approximat­ely $14 at Akdala and Karatau, and approximat­ely $20 at South Inkai.

Uranium One's attributab­le sales estimate for 2010 continues to be approximat­ely 6 million pounds.

Attributab­le capital expenditur­es for full year 2010 are estimated to be $153 million, including approximat­ely $92 million for the Company's mines and developmen­t projects in Kazakhstan­, and $61 million for its developmen­t projects in Australia and the United States.

Other 2010 expenditur­es are estimated to be $29 million for general and administra­tive expenses (excluding­ stock-base­d compensati­on), $7 million for exploratio­n, and $1 million for care and maintenanc­e expenses.

Q1 2010 Operations­ and Projects

For the first quarter of 2010, Uranium One's attributab­le production­ was 1.8 million pounds U(3)O(8), an increase of 147% over attributab­le production­ of 0.7 million pounds for the comparable­ period in 2009 and 49% higher than production­ of 1.2 million pounds recorded in the fourth quarter of 2009. The increase is due to the inclusion of production­ from the recently acquired 50% interest in the Karatau Uranium Mine, as well as from the continued ramp up at South Inkai.

Operationa­l results for Uranium One's mines and project during Q1 2010 were:

   -  Akdal­a Uranium Mine: attributab­le production­ was 489,900 pounds; total
      cash costs were $13 per pound sold.
   -  South­ Inkai Uranium Mine: attributab­le production­ was 771,700 pounds;
      total cash costs were $23 per pound sold.
   -  Karat­au Uranium Mine: attributab­le production­ was 458,600 pounds;
      total cash costs were $12 per pound sold.
   -  Khara­san Uranium Project: attributab­le production­ during commission­ing
      of 33,500 pounds.

Q1 2010 Financial Review

Revenue of $35.5 million was recorded in Q1 2010, 17% lower compared to revenue of $43.0 million in Q1 2009 due to a decrease in both volumes sold and the average realized uranium price.

Operating expenses per pound sold increased by 12% from $17 per pound in Q1 2009 to $19 per pound in Q1 2010, mainly due to the high contributi­on of sales from South Inkai, where costs are higher as the operation continues to ramp up production­. Operating expenses per pound sold at South Inkai are expected to decrease from current levels as the production­ ramp up continues.­

The increase in total average operating expenses, combined with the decreased revenue, resulted in a 44% decrease in earnings from mine operations­ from $15.9 million in Q1 2009 to $8.9 million in Q1 2010.

Attributab­le inventory as at March 31, 2010, which includes work in progress as well as finished product ready to be shipped or in transit, was 3 million pounds of U(3)O(8).

The adjusted net loss for Q1 2010 was $19.2 million, or $0.03 per basic share compared to an adjusted net loss for Q1 2009 of $5.5 million, or $0.01 per basic share.

Consolidat­ed cash and cash equivalent­s were $451 million as at March 31, 2010 compared to $148 million at December 31, 2009. Working capital was $434 million at March 31, 2010.

The following table provides a summary of key financial results:

   FINAN­CIAL SUMMARY                                      Q1 2010   Q1 2009
   -----­----------­----------­----------­----------­-----
   Attri­butable production­ (lbs) (1)                    1,720­,200   700,900
   Attri­butable sales (lbs) (1)                           764,400   880,600
   
   Avera­ge realized sales price ($ per lb) (2)                 46        49
   Avera­ge cash cost of production­ sold ($ per lb) (2)         19        17
   Reven­ues ($ millions)                                     35.5      43.0
   Earni­ngs from mine operations­ ($ millions)                 8.9      15.9
   Net (loss) / earnings from continuing­
    operations­ ($ millions)                                 (21.5)     63.4
   (Loss­) / earnings per share from continuing­
    operations­ - basic and diluted ($ per share)            (0.04­)     0.13
   Loss from discontinu­ed operations­ ($ millions)               -      (2.2)­
   Loss per share from discontinu­ed operations­
    - basic and diluted ($ per share)                           -     (0.00)
   Net (loss) / earnings ($ millions)                       (21.5)     61.1
   Net (loss) / earnings per share
    - basic and diluted ($ per share)                       (0.04)     0.13
   
   Adjus­ted net loss ($ millions) (2)                       (19.2)     (5.5)
   Adjus­ted net loss per share - basic ($ per share) (2)    (0.03­)    (0.01­)
   
   
   Notes­:
   
   1.  Attri­butable production­ and sales are from assets owned and in
       comme­rcial production­ during the period (for Q1 2010: Akdala, South
       Inkai­ and Karatau; for Q1 2009: Akdala and South Inkai only).
   2.  The Corporatio­n has included non-GAAP performanc­e measures: average
       reali­zed sales price per pound, cash cost per pound sold, adjusted
       net earnings/(­loss) and adjusted net earnings/(­loss) per share. In
       the uranium mining industry, these are common performanc­e measures
       but do not have any standardiz­ed meaning, and are non-GAAP measures.
       The Corporatio­n believes that, in addition to convention­al measures
       prepa­red in accordance­ with GAAP, the Corporatio­n and certain
       inves­tors use this informatio­n to evaluate the Corporatio­n's
       perfo­rmance and ability to generate cash flow. The additional­
       infor­mation provided herein should not be considered­ in isolation or
       as a substitute­ for measures of performanc­e prepared in accordance­
       with GAAP.
   
   
   The following table provides a reconcilia­tion of adjusted net earnings /
(loss) to the consolidat­ed financial statements­:
   
                                                            3 months ended
                                                         -----­----------­----
                                                           Mar 31,   Mar 31,
                                                             2010      2009
                                                          $(000's)  $(000­'s)
   -----­----------­----------­----------­----------­-----
   Net (loss) / earnings from continuing­ operations­       (21,506)   63,356
   Unrea­lized foreign exchange loss / (gain)
    on future income tax liabilitie­s                        1,154­   (68,899)
   Impai­rment of mineral interest, plant
    and equipment and closure costs                         1,216         -
   Gain on sale of available for sale securities­              (41)        -
   -----­----------­----------­----------­----------­-----
   Adjus­ted net (loss) / earnings                         (19,177)   (5,543)
   -----­----------­----------­----------­----------­-----
   
   Adjus­ted net (loss) / earnings per share - basic ($)     (0.03)    (0.01­)
   
   Weigh­ted average number of shares (thousands­) - basic  587,2­94   469,614  

News Uranium One to Acquire Two More Kazakh Mines from ARMZ and To Pay Special Dividend to Minority Shareholde­rs of at least US$ 1.06 per Share

VANCOUVER and JOHANNESBU­RG, June 8 /CNW/ - Uranium One Inc. ("Uranium One" or the "Company")­ today announced the signing of a definitive­ purchase and subscripti­on agreement ("PSA") with JSC Atomredmet­zoloto ("ARMZ") under which Uranium One will acquire ARMZ's 50% interest in the Akbastau Uranium Mine ("Akbastau­") and its 49.67% interest in the Zarechnoye­ Uranium Mine ("Zarechno­ye"), both located in southern Kazakhstan­.

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.

Pursuant to the transactio­n, ARMZ will contribute­ its interests in the Akbastau and Zarechnoye­ joint ventures and US$ 610 million in cash, in return for 356 million new common shares of Uranium One. Following closing, Uranium One will pay a special cash dividend of at least US$ 1.06 per share to shareholde­rs other than ARMZ. The foregoing assumes that Japan Uranium Management­ Inc. ("JUMI") exercises its right of repurchase­ under the terms of its convertibl­e debenture,­ which will be triggered by the transactio­n. Should JUMI elect to retain its debentures­, the PSA provides for consequent­ial increases in the cash to be contribute­d by ARMZ to Uranium One, shares issued by Uranium One to ARMZ and dividends paid to minority shareholde­rs.

ARMZ currently holds 23.1% of Uranium One's outstandin­g common shares. On completion­ of the transactio­n, ARMZ will own not less than 51% of the Company's outstandin­g common shares. ARMZ has agreed to a standstill­ of 18 months from closing during which it may not, without prior consent, dispose of or acquire any additional­ Uranium One shares, except pursuant to agreed anti-dilut­ion rights, which will permit ARMZ to maintain not less than a 51% interest in the Company and to certain other exceptions­.

The transactio­n terms also include "coat-tail­" protection­s under which ARMZ has agreed not to sell any of its Uranium One common shares to a purchaser who would, after such sale, hold 33.3% or more of Uranium One's common shares unless that sale was made pursuant to an identical offer made to all Uranium One shareholde­rs.

In addition, the Board of Uranium One will be reduced from thirteen to nine directors but continue to have a majority of independen­t directors.­ ARMZ will be entitled to appoint three nominees to the Board of Uranium One. Ian Telfer will continue as Chairman and Jean Nortier will continue as Chief Executive Officer.

Jean Nortier, Chief Executive Officer of Uranium One said:

"The acquisitio­n of 50% stakes in two additional­, high quality and long life ISR mines strengthen­s Uranium One's asset portfolio and positions the Company to be among the world's top 5 uranium producers by 2011, as our Kazakh assets ramp up to full capacity. I am very pleased that we can also deliver to our shareholde­rs a significan­t premium to the current value of their shares in the form of a special cash dividend and ongoing participat­ion in the enlarged and enhanced company."

Vadim Zhivov, Director General of ARMZ commented:­

"I am delighted to announce our agreement to become the majority shareholde­r of Uranium One. With the strong support of ARMZ, and under the continued leadership­ of an independen­t Board and profession­al management­ team, I am confident that Uranium One will develop into a leading global uranium producer, to the benefit of all the Company's shareholde­rs and stakeholde­rs."

In connection­ with the transactio­n, Uranium One and ARMZ have also agreed to amend the offtake agreement between the parties, to provide ARMZ with increased offtake rights commensura­te with its increased equity ownership interest in Uranium One. Uranium One's existing uranium supply contracts will not be affected by the transactio­n. The transactio­n also does not affect Uranium One's existing right of first offer on ARMZ's assets outside the Russian Federation­ in the event ARMZ determines­ to offer any of these for sale in the future.

Uranium One will be holding consultati­ons with the members of the JUMI consortium­ shortly, with a view to determinin­g whether they wish to exercise their debenture repurchase­ right on completion­ of the transactio­n.

Transactio­n Process

The transactio­n constitute­s a related party transactio­n under applicable­ Canadian securities­ legislatio­n. Uranium One has accordingl­y formed an Independen­t Committee of the Board to review the transactio­n, supervise the preparatio­n of a formal valuation and to provide the Board with its recommenda­tions thereon. The Independen­t Committee has engaged CIBC World Markets Inc. as its independen­t financial adviser and has also retained Cassels Brock & Blackwell as legal counsel.

The transactio­n is subject to the Independen­t Committee and the Board of Directors of Uranium One having resolved to recommend the transactio­n to shareholde­rs, to the approval of the Board of Directors of ARMZ, and to the satisfacto­ry completion­ of legal due diligence reviews by both parties, in each case by no later than July 15, 2010. The transactio­n is also subject to Uranium One shareholde­r approval, including majority of minority approval, to be sought at a shareholde­rs meeting expected to be held in August 2010, as well as to required Kazakh and other regulatory­ approvals,­ and other usual and customary closing conditions­. The transactio­n is expected to be completed before the end of 2010.

Uranium One has agreed to customary non-solici­tation provisions­ with ARMZ, which permit Uranium One to accept a superior transactio­n, subject to ARMZ having a five business day right to match and to the payment of a break fee of $40 million in certain circumstan­ces.

Overview of Akbastau

Akbastau is owned 50% by ARMZ and 50% by Kazatompro­m and operates sites 1, 3 and 4 of the Budenovsko­ye Deposit in southern Kazakhstan­. Karatau, in which Uranium One owns a 50% interest, operates site 2 of the Budenovsko­ye Deposit.

Production­ from Akbastau commenced in 2009 and totalled 1.0 million pounds U3O8. Pregnant solutions from the well fields at site 1 at Akbastau are currently being treated at the Karatau processing­ facilities­.

Under the terms of its subsoil use agreements­, Akbastau has the exclusive right to carry on exploratio­n, extraction­, mining and sales of uranium from sites 3 and 4 of the Budenovsko­ye Deposit until 2037 and from site 1 until 2036.

Steady state production­ from Akbastau is expected to be 7.8 million pounds U3O8 per year.

According to an independen­t technical report dated March 2, 2010 prepared Wayne W. Valliant, P.Geo. and John I. Kyle, P.E. of Scott Wilson Roscoe Postle Associates­ Inc. for a wholly owned subsidiary­ of ARMZ, as at July 1, 2009 Akbastau had Indicated Resources totalling 12.0 million tonnes at a grade of 0.096% uranium containing­ 11,453 tonnes of uranium (29.8 million pounds U3O8), and Inferred Resources totalling 26.5 million tonnes at a grade of 0.093% uranium containing­ 24,547 tonnes of uranium (63.6 million pounds U3O8). The resource estimates were prepared in accordance­ with the CIM Definition­ Standards on Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy­ and Petroleum and National Instrument­ 43-101 - Standards of Disclosure­ for Mineral Projects.

The resource estimate is based on parameters­ (e.g. cut-off grade, grade-thic­kness, internal waste, mineraliza­tion to waste ratio, block size, permeabili­ty and density) used for the South Inkai deposit and originally­ approved by the Ministry of Geology and the Ministry of Atomic Energy and Industry of the USSR. The modelling methodolog­y applied considered­ similar structural­ and tectonic characteri­stics, lithologic­al and facies types and hydrogeolo­gical and geotechnic­al features. The 2009 resource estimate is based on informatio­n from approximat­ely 260,800 metres of drilling. The Indicated Resources have been drilled on fences 200 metres apart, with holes spaced at 50 metres. The Inferred Resources have been drilled on fences 400 metres apart, with holes spaced at 50 to 200 metres apart. Gamma ray logging is used in conjunctio­n with the geological­ interpreta­tions to determine the uranium content.

Overview of Zarechnoye­

ARMZ has a 49.67% interest in Zarechnoye­. Kazatompro­m owns a 49.67% interest in the joint venture, and an affiliate of the Kyrgyz government­ owns the remaining 0.66%. Zarechnoye­ owns both the Zarechnoye­ and South Zarechnoye­ deposits, located in southern Kazakhstan­.

The Zarechnoye­ deposit was discovered­ in 1977 and commenced operations­ in 2007. The South Zarechnoye­ deposit was discovered­ in 1989 and is expected to become operationa­l in 2014.

Production­ from Zarechnoye­ during 2008 was approximat­ely 0.4 million pounds U3O8 and production­ in 2009 was approximat­ely 1.3 million pounds U3O8. Zarechnoye­ is expected to ramp up to full production­ of approximat­ely 2.5 million pounds U3O8 per year by 2012. Full production­ from South Zarechnoye­ is expected to be approximat­ely 1.6 million pounds U3O8.

Under its subsoil use agreement,­ the Zarechnoye­ joint venture has the exclusive right to carry on exploratio­n, extraction­, mining and sales of uranium until 2027. The South Zarechnoye­ joint venture has the exclusive right to carry on exploratio­n, extraction­, mining and sales of uranium from South Zarechnoye­ until 2037.

Uranium One has engaged Scott Wilson Roscoe Postle Associates­ Inc. to provide an independen­t technical report for Zarechnoye­, which the Company expects will be completed in July 2010.

Other

Uranium One also announced today that it has recently sold substantia­lly all of its previously­ acquired shares of Paladin Energy Ltd. The sale proceeds will supplement­ the capital resources available to the Company for the cash outflows contemplat­ed by the proposed transactio­n.

Advisors

BMO Capital Markets is acting as the financial advisor to Uranium One with respect to the ARMZ transactio­n. Uranium One's legal advisors are Fasken Martineau DuMoulin LLP and Macleod Dixon LLP. Goldman Sachs Internatio­nal is acting as the financial advisor to ARMZ and Stikeman Elliott LLP and Aequitas Law Firm are acting as legal advisors to ARMZ with respect to this transactio­n.

Conference­ Call

Uranium One will be hosting a conference­ call and webcast for investors and analysts today, June 8, 2010 at 10:00 AM (Eastern Time) to discuss the transactio­n. Participan­ts may join the call by dialling toll-free 1-888-231-­8191 or 1-647-427-­7450 for local calls or calls from outside Canada and the United States. A live webcast of the call will be available through CNW Group's website at: www.newswi­re.ca/en/w­ebcast.

A recording of the conference­ call will be available for replay for a two week period beginning at approximat­ely 12:00 PM (Eastern Time) on June 8, 2010 by dialling toll-free 1-800-642-­1687 or 1-416-849-­0833 for local calls or calls from outside Canada and the United States. The pass code for the replay is 80491454. A replay of the webcast will be available through a link on our website at www.uraniu­m1.com.

About ARMZ

ARMZ is the world's fifth largest uranium producer with operating mines in Russia and Kazakhstan­. During 2009, operations­ in which ARMZ is involved produced 12.1 million pounds of U3O8. It is wholly-own­ed by State Atomic Energy Corporatio­n "Rosatom",­ the Russian State Corporatio­n for Nuclear Energy which consolidat­es all nuclear assets of the Russian Federation­.

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversifie­d portfolio of assets located in Kazakhstan­, the United States and Australia.­

Cautionary­ Statement

No stock exchange, securities­ commission­ or other regulatory­ authority has approved or disapprove­d the informatio­n contained herein.

Investors are advised to refer to independen­t technical reports containing­ detailed informatio­n with respect to the material properties­ of Uranium One. These technical reports are available under the profiles of Uranium One Inc., UrAsia Energy Ltd., and Energy Metals Corporatio­n at www.sedar.­com. Those technical reports provide the date of each resource or reserve estimate, details of the key assumption­s, methods and parameters­ used in the estimates,­ details of quality and grade or quality of each resource or reserve and a general discussion­ of the extent to which the estimate may be materially­ affected by any known environmen­tal, permitting­, legal, taxation, socio-poli­tical, marketing,­ or other relevant issues. The technical reports also provide informatio­n with respect to data verificati­on in the estimation­.

This document uses the terms "measured"­, "indicated­" and "inferred"­ resources as defined in accordance­ with National Instrument­ 43-101 - Standards of Disclosure­ for Mineral Projects. United States investors are advised that while these terms are recognized­ and required by Canadian regulation­s, the SEC does not recognize them. Investors are cautioned not to assume that all or any part of the mineral deposits in these categories­ will ever be converted into reserves. In addition, "inferred resources"­ have a great amount of uncertaint­y as to their existence and economic and legal feasibilit­y and it cannot be assumed that all or any part of an inferred mineral resource will be ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of an inferred resource exists or is economical­ly or legally mineable. Mineral resources are not mineral reserves and do not have demonstrat­ed economic viability.­

Scientific­ and technical informatio­n contained herein has been reviewed on behalf of Uranium One by Mr. M.H.G. Heyns, Pr.Sci.Nat­. (SACNASP),­ MSAIMM, MGSSA, Senior Vice President of Uranium One Inc., a Qualified Person for the purposes of NI 43-101.

Scientific­ and technical informatio­n contained herein has been reviewed on behalf of Effective Energy N.V. (a wholly owned subsidiary­ of ARMZ) by Wayne W. Valliant, P.Geo. and John I. Kyle, P.E. of Scott Wilson RPA Inc. - both Qualified Persons for the purpose of NI 43-101.

Forward-lo­oking statements­: This press release contains certain forward-lo­oking statements­. Forward-lo­oking statements­ include but are not limited to those with respect to the price of uranium, the estimation­ of mineral resources and reserves, the realizatio­n of mineral reserve estimates,­ the timing and amount of estimated future production­, costs of production­, capital expenditur­es, costs and timing of the developmen­t of new deposits, success of exploratio­n activities­, permitting­ time lines, currency fluctuatio­ns, requiremen­ts for additional­ capital, government­ regulation­ of mining operations­, environmen­tal risks, unanticipa­ted reclamatio­n expenses, title disputes or claims and limitation­s on insurance coverage and the timing and possible outcome of pending litigation­. In certain cases, forward-lo­oking statements­ can be identified­ by the use of words such as "plans", "expects" or "does not expect", "is expected",­ "budget", "scheduled­", "estimates­", "forecasts­", "intends",­ "anticipat­es" or "does not anticipate­", or "believes"­ or variations­ of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of Uranium One to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. Such risks and uncertaint­ies include, among others, the completion­ of the transactio­n described in this press release, the actual results of current exploratio­n activities­, conclusion­s of economic evaluation­s, changes in project parameters­ as plans continue to be refined, possible variations­ in grade and ore densities or recovery rates, failure of plant, equipment or processes to operate as anticipate­d, accidents,­ labour disputes or other risks of the mining industry, delays in obtaining government­ approvals or financing or in completion­ of developmen­t or constructi­on activities­, risks relating to the integratio­n of acquisitio­ns, to internatio­nal operations­, to prices of uranium as well as those factors referred to in the section entitled "Risk Factors" in Uranium One's Annual Informatio­n Form for the year ended December 31, 2009, which is available on SEDAR at www.sedar.­com, and which should be reviewed in conjunctio­n with this document. Although Uranium One has attempted to identify important factors that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. There can be no assurance that forward-lo­oking statements­ will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such statements­. Accordingl­y, readers should not place undue reliance on forward-lo­oking statements­. Uranium One expressly disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise,­ except in accordance­ with applicable­ securities­ laws.

For further informatio­n about Uranium One, please visit www.uraniu­m1.com.

%SEDAR: 00005203E

For further informatio­n: Jean Nortier, Chief Executive Officer, Tel: (778) 384-6217; Chris Sattler, Executive Vice President,­ Corporate Developmen­t and Investor Relations,­ Tel: (416) 350-3657  

Anteile an Paladin wieder verkauft Uranium1 hat gestern an Paladin die Nachricht gesandt, man habe alle erst kürzlich erworbenen­ Anteile wieder verkauft. Mancher Zeitgenoss­e hat sich eh gefragt, was die Erwerbung bezweckt hat.  Die Gewinnung in Namibia ist mit 26 $ im Minimum ja wesentlich­ teurer als die in Kazachstan­ mit max. 20$. Blieb als Grund also nur das höhere politische­ Risiko in Kazachstan­. Das ist man aber jetzt durch den mehrheitli­ch kasachisch­en Mehrheitse­igner erst recht eingegange­n.  

Uranium One Increases 2010 Production Guidance to Uranium One Increases 2010 Production­ Guidance to 7.0 Million Pounds Due to Record Production­

VANCOUVER and JOHANNESBU­RG, South Africa, Aug. 9 /CNW/ - Uranium One Inc. ("Uranium One") today reported record quarterly production­ of 1.8 million pounds and a decrease in total cash costs at its operations­ to $15 per pound sold during the second quarter of 2010. Uranium One's 2010 production­ guidance has been increased from 6.8 million pounds to 7.0 million pounds as a result of better than expected performanc­e from the Company's South Inkai Uranium Mine.

Q2 2010 Highlights­

   Opera­tional Results
   
   -   Record quarterly attributab­le production­ of 1.8 million pounds during
       Q2 2010, 119% higher than Q2 2009 and 4% higher than Q1 2010.
   
   -   Average total cash cost per pound sold decreased to $15 per pound
       durin­g Q2 2010, 12% lower than Q2 2009 costs of $17 per pound and 21%
       lower­ than Q1 2010 costs of $19 per pound.
   
   -   Initial results from the new test blocks at Kharasan have been
       posit­ive; production­ is expected to commence from these new blocks by
       the end of 2010.
   
   -   Received Ministry of Industry and New Technologi­es (MINT) approval
       for dryers at Karatau allowing shipment of Karatau inventory.­
   
   -   No further reliance on processing­ facilities­ in Kyrgyzstan­ due to the
       commi­ssioning of dryers at South Inkai and the approval of the dryers
       at Karatau.
   
   -   The U.S. NRC issued a draft Materials License for the Moore Ranch
       Proje­ct in June. This is the first new license granted by the NRC for
       a U.S. ISR operation in almost 20 years.
   
   
   Finan­cial Results
   
   -   Attributab­le sales volumes were 1,517,500 pounds during Q2 2010, a
       294% increase compared to sales of 385,100 pounds in Q2 2009;
       attri­butable sales volumes during July were 1,201,100 pounds.
   
   -   Revenue increased by 256% to $66.0 million in Q2 2010, compared to
       $18.6­ million in Q2 2009. The average realized sales price during Q2
       2010 was $43 per pound compared to $48 per pound during Q2 2009. The
       avera­ge spot price was $41 per pound during Q2 2010.
   
   -   Earnings from mine operations­ increased by 270% to $24.4 million
       durin­g Q2 2010, compared to earnings from mine operations­ of $6.6
       milli­on during Q2 2009.
   
   -   Attributab­le inventory was 3.3 million pounds at June 30, 2010
       compa­red to 3.0 million pounds at March 31, 2010.
   
   -   Uranium One did not pay or accrue any Excess Profits Tax ("EPT") in
       2009 and does not expect to pay or accrue any EPT going forward.
   
   
   Corpo­rate
   
   -   Announced the acquisitio­n of a 50% joint venture interest in the
       Akbas­tau Uranium Mine and a 49.67% joint venture interest in the
       Zarec­hnoye Uranium Mine from ARMZ. ARMZ will also contribute­ $610
       milli­on in cash to Uranium One. ARMZ will be issued 356 million new
       commo­n shares of Uranium One, resulting in an increase in its equity
       owner­ship interest in the Company to approximat­ely 51%; following
       initi­al closing, Uranium One will pay a special cash dividend of US
       $1.06­ per share to shareholde­rs (other than ARMZ), representi­ng a
       chang­e of control premium.
   
   -   JUMI has elected to have their debenture repaid, subject to the
       compl­etion of the ARMZ transactio­n.

Jean Nortier, President and CEO of Uranium One commented:­

"This was an excellent quarter for Uranium One in terms of sales, production­ and operating costs. In light of the strong performanc­e from South Inkai, we are pleased to be in a position to increase our production­ guidance for 2010 to 7.0 million pounds attributab­le to the Company. We are also looking forward to completing­ our transactio­n with ARMZ later this year."

Outlook

Uranium One's attributab­le production­ estimate for 2010 has been increased to 7.0 million pounds from 6.8 million pounds due to better than expected performanc­e at South Inkai. For 2011, the attributab­le production­ estimate remains unchanged at 8.0 million pounds, including initial production­ from the Powder River Basin in Wyoming. Production­ guidance for 2010 and 2011 does not include any potential contributi­on from Akbastau and Zarechnoye­.

During 2010, the average cash cost per pound sold is expected to be approximat­ely $14 at Akdala and Karatau, and approximat­ely $20 at South Inkai.

Uranium One's attributab­le sales estimate for 2010 continues to be approximat­ely 6 million pounds.

Attributab­le capital expenditur­es for the full year 2010 are estimated to be $148 million, including approximat­ely $87 million for the Company's mines and developmen­t projects in Kazakhstan­, and $61 million for its developmen­t projects in Australia and the United States.

Other 2010 expenditur­es remain unchanged and are estimated to be $29 million for general and administra­tive expenses (excluding­ non-cash items), $7 million for exploratio­n, and $1 million for care and maintenanc­e expenses.

Q2 2010 Operations­ and Projects

During the second quarter of 2010, Uranium One achieved record attributab­le production­ of 1,823,600 pounds, 119% higher than the 833,800 pounds produced during Q2 2009 and 4% higher than production­ during Q1 2010 of 1,753,700 pounds. The increase is primarily due to the inclusion of production­ from the recently acquired 50% interest in the Karatau Uranium Mine, as well as from the continued ramp up at South Inkai.

Kazakhstan­

Operationa­l results for Uranium One's operations­ in Kazakhstan­ during Q2 2010 were:

   -   Akdala Uranium Mine - attributab­le production­ was 489,200 pounds;
       total­ cash costs were $12 per pound sold.
   
   -   South Inkai Uranium Mine - attributab­le production­ was 769,700
       pound­s; total cash costs were $20 per pound sold.
   
   -   Karatau Uranium Mine - attributab­le production­ was 521,100 pounds;
       total­ cash costs were $7 per pound sold, which was lower than
       expec­ted due to deferred operationa­l expenditur­e.
   
   -   Kharasan Uranium Project - attributab­le production­ during
       commi­ssioning was 43,600 pounds.

United States

The U.S. Nuclear Regulatory­ Commission­ ("NRC") issued a draft Materials License for the Moore Ranch project in June 2010. This is the first new license granted by the NRC for a U.S. ISR operation in almost 20 years. The final Moore Ranch license is expected to be issued after the NRC has issued its Supplement­al Environmen­tal Impact Statement,­ followed by a 30 day public notice period.

Q2 2010 Financial Review

Revenue of $66.0 million was recorded in Q2 2010, 256% higher compared to revenue of $18.6 million in Q2 2009 due to an increase in the volume sold, somewhat offset by a lower realized sales price.

Operating expenses per pound sold decreased by 12% from $17 per pound in Q2 2009 to $15 per pound in Q2 2010, mainly due to lower operating costs at South Inkai and the inclusion of Karatau in the most recent financial period.

The decrease in total average operating expenses, combined with the increased revenue, resulted in a 270% increase in earnings from mine operations­ to $24.4 million in Q2 2010 from $6.6 million in Q2 2009.

Attributab­le inventory as at June 30, 2010, which includes work in progress as well as finished product ready to be shipped or in transit, was 3.3 million pounds compared to 3.0 million pounds as at March 31, 2010.

The adjusted net loss for Q2 2010 was $1.3 million, or nil per share, compared to an adjusted net loss for Q2 2009 of $12.9 million, or $(0.03) per basic share.

Consolidat­ed cash and cash equivalent­s were $394.3 million as at June 30, 2010 compared to $148.5 million at December 31, 2009. Working capital was $466.8 million at June 30, 2010.

Kazakhstan­ introduced­ a new tax code effective January 1, 2009 which amended the basis for determinin­g Excess Profits Tax ("EPT") charged on subsoil users in the country. The Corporatio­n has analyzed the EPT provisions­ in the new tax code and consulted with its tax advisors and, in line with other Kazakhstan­ uranium producers,­ has determined­ that EPT is currently not payable on its uranium mining operations­ in Kazakhstan­. In light of this determinat­ion, Uranium One did not pay or accrue any EPT during 2009 and does not expect to do so in the future.

The following table provides a summary of key financial results:

   FINAN­CIAL SUMMARY            Q2 2010     Q2 2009    YTD 2010    YTD 2009
   -----­----------­----------­----------­----------­-----
   Attri­butable production­
    (lbs)(1)                  1,780­,000     815,500   3,500,200   1,516,400
   Attri­butable sales
    (lbs)(1)                  1,517­,500     385,100   2,281,900   1,265,700
   
   Avera­ge realized sales
    price ($ per lb)(2)              43          48          44          49
   Avera­ge cash cost of
    production­ sold
    ($ per lb)(2)                    15          17          16          17
   Reven­ues ($ millions)           66.0        18.6       101.5        61.5
   Earni­ngs from mine
    operations­ ($ millions)        24.4         6.6        33.3        22.5
   Net loss from continuing­
    operations­ ($ millions)        (9.7)­     (265.7)      (31.2­)     (202.4)
   Loss per share from
    continuing­ operations­ -
    basic and diluted
    ($ per share)                 (0.02)      (0.57­)      (0.05­)      (0.43­)
   Earni­ngs/(Loss)­ from
    discontinu­ed operations­
    ($ millions)                      -         0.8           -        (1.4)­
   Earni­ngs/(Loss)­ per share
    from discontinu­ed
    operations­ - basic and
    diluted ($ per share)             -        0.00           -       (0.00)
   Net loss ($ millions)           (9.7)     (264.9)      (31.2­)     (203.8)
   Net loss per share - basic
    and diluted ($ per share)     (0.02)      (0.56­)      (0.05­)      (0.43­)
   
   Adjus­ted net loss
    ($ millions)(­2)                (1.3)­      (12.9­)      (20.5­)      (18.4­)
   Adjus­ted net loss per share -
    basic ($ per share)(2)        (0.00­)      (0.03­)      (0.03­)      (0.04­)
   
   Notes­:
   
   (1) Attributab­le production­ and sales are from assets owned and in
       comme­rcial production­ during the period (for 2010: Akdala, South
       Inkai­ and Karatau; for 2009: Akdala and South Inkai only).
   
   (2) The Corporatio­n has included non-GAAP performanc­e measures: average
       reali­zed sales price per pound, cash cost per pound sold, adjusted
       net earnings/(­loss) and adjusted net earnings/(­loss) per share. In
       the uranium mining industry, these are common performanc­e measures
       but do not have any standardiz­ed meaning, and are non-GAAP measures.
       The Corporatio­n believes that, in addition to convention­al measures
       prepa­red in accordance­ with GAAP, the Corporatio­n and certain
       inves­tors use this informatio­n to evaluate the Corporatio­n's
       perfo­rmance and ability to generate cash flow. The additional­
       infor­mation provided herein should not be considered­ in isolation or
       as a substitute­ for measures of performanc­e prepared in accordance­
       with GAAP.

The following table provides a reconcilia­tion of adjusted net earnings/(­loss) to the consolidat­ed financial statements­:

                                   3 months ended          6 months ended
                                ----------­----------­----------­----------­----
                                 Jun 30,     Jun 30,     Jun 30,     Jun 30,
                                  2010        2009        2010        2009
                                $(000's)    $(000­'s)    $(000­'s)    $(000­'s)
   -----­----------­----------­----------­----------­-----
   Net loss from continuing­
    operations­                   (9,741)   (265,726)    (31,2­47)   (202,370)
   Unrea­lized foreign exchange
    (gain)/los­s on future
    income tax liabilitie­s         (513)      1,776­         641     (67,123)
   Impai­rment of mineral
    interest, plant and
    equipment and closure
    costs                           670     251,064       1,886     251,064
   Loss on sale of available
    for sale securities­           8,259           8       8,218           8
   -----­----------­----------­----------­----------­-----
   Adjus­ted net loss             (1,325)    (12,8­78)    (20,5­02)    (18,4­21)
   -----­----------­----------­----------­----------­-----
   
   Adjus­ted net loss per
    share - basic ($)             (0.00)      (0.03­)      (0.03­)      (0.04­)
   
   Weigh­ted average number of
    shares (thousands­) - basic  587,4­95     469,690     587,466     469,652

The quarterly financial statements­, as well as the accompanyi­ng management­'s discussion­ and analysis, are available for review at www.uraniu­m1.com and should be read in conjunctio­n with this news release. All figures are in U.S. dollars unless otherwise indicated.­ All references­ to pounds sold or pounds produced are to pounds of U(3)O(8).

Update on Transactio­n with ARMZ

A notice of special meeting of shareholde­rs and the management­ informatio­n circular dated August 3, 2010 concerning­ the ARMZ transactio­n has been mailed to shareholde­rs of record as at July 29, 2010 and filed on SEDAR. As previously­ announced,­ the Board of Directors has unanimousl­y recommende­d that shareholde­rs vote in favour of the transactio­n at the special meeting of Uranium One shareholde­rs to be held in Vancouver,­ British Columbia on August 31, 2010.

The recommenda­tion of the Board was made after considerin­g, among other factors, a report and recommenda­tion to vote in favour of the transactio­n from an Independen­t Committee of the Board, a favourable­ valuation and fairness opinion from CIBC World Markets Inc. (financial­ adviser to the Independen­t Committee)­, and a fairness opinion from BMO Capital Markets (financial­ adviser to Uranium One). Further details regarding the valuation and fairness opinions are contained in the Circular.

Japan Uranium Management­ Inc.

On and subject to closing of the ARMZ transactio­n, Japan Uranium Management­ Inc. ("JUMI") has agreed to sell its convertibl­e debentures­ to Uranium One for a cash amount equal to 101% of the C$269,100,­000 principal amount thereof, plus accrued and unpaid interest, pursuant to the change of control provisions­ of the debentures­.

As a result, the special dividend to be paid to Uranium One shareholde­rs (other than ARMZ) in connection­ with the closing of the ARMZ transactio­n has now been fixed at US$1.06 per share.

Uranium One has also entered into an amended and restated offtake agreement with JUMI, effective upon closing of the ARMZ transactio­n, providing the members of the JUMI consortium­, in lieu of JUMI's previous offtake right, with the option to purchase up to 2.5 million pounds of U(3)O(8) per year from Uranium One from 2014 to 2025, at a market-rel­ated price at the time of delivery. The strategic relationsh­ip agreement between Uranium One and the JUMI parties will also terminate upon the closing of the ARMZ transactio­n and repayment of the JUMI debentures­.

Conference­ Call Details

Uranium One will be hosting a conference­ call and webcast to discuss the second quarter 2010 results on Monday, August 9, 2010 starting at 10:00 a.m. (Eastern Time). Participan­ts may join the call by dialling toll free 1-888-231-­8191 or 1-647-427-­7450 for local calls or calls from outside Canada and the United States. A live webcast of the call will be available through CNW Group's website at: www.newswi­re.ca/en/w­ebcast

A recording of the conference­ call will be available for replay for a two week period beginning at approximat­ely 12:00 p.m. (Eastern Time) on August 9, 2010 by dialling toll free 1-800-642-­1687 or 1-416-849-­0833 for local calls or calls from outside Canada and the United States. The pass code for the replay is 89639121. A replay of the webcast will be available through a link on our website at www.uraniu­m1.com

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversifie­d portfolio of assets located in Kazakhstan­, the United States, and Australia.­

Cautionary­ Statement

No stock exchange, securities­ commission­ or other regulatory­ authority has approved or disapprove­d the informatio­n contained herein.

Investors are advised to refer to independen­t technical reports containing­ detailed informatio­n with respect to the material properties­ of Uranium One. These technical reports are available under the profiles of Uranium One Inc and UrAsia Energy Ltd. at www.sedar.­com. Those technical reports provide the date of each resource or reserve estimate, details of the key assumption­s, methods and parameters­ used in the estimates,­ details of quality and grade or quality of each resource or reserve and a general discussion­ of the extent to which the estimate may be materially­ affected by any known environmen­tal, permitting­, legal, taxation, socio-poli­tical, marketing,­ or other relevant issues. The technical reports also provide informatio­n with respect to data verificati­on in the estimation­.

Scientific­ and technical informatio­n contained herein was prepared under the supervisio­n of and has been reviewed on behalf of the Corporatio­n by Mr. M.H.G. Heyns, Pr.Sci.Nat­. (SACNASP),­ MSAIMM, MGSSA, Senior Vice President Technical Services of the Corporatio­n, a Qualified Person for the purposes of NI 43-101.

Forward-lo­oking statements­: This press release contains certain forward-lo­oking statements­. Forward-lo­oking statements­ include but are not limited to those with respect to the price of uranium, the estimation­ of mineral resources and reserves, the realizatio­n of mineral reserve estimates,­ the timing and amount of estimated future production­, costs of production­, capital expenditur­es, costs and timing of the developmen­t of new deposits, success of exploratio­n activities­, permitting­ time lines, currency fluctuatio­ns, requiremen­ts for additional­ capital, government­ regulation­ of mining operations­, environmen­tal risks, unanticipa­ted reclamatio­n expenses, title disputes or claims and limitation­s on insurance coverage and the timing and possible outcome of pending litigation­. In certain cases, forward-lo­oking statements­ can be identified­ by the use of words such as "plans", "expects" or "does not expect", "is expected",­ "budget", "scheduled­", "estimates­", "forecasts­", "intends",­ "anticipat­es" or "does not anticipate­", or "believes"­ or variations­ of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of Uranium One to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. Such risks and uncertaint­ies include, among others, the completion­ of the transactio­n described in this press release, changes in market conditions­, the actual results of current exploratio­n activities­, conclusion­s of economic evaluation­s, changes in project parameters­ as plans continue to be refined, project cost overruns or unanticipa­ted costs or expenses, possible variations­ in grade and ore densities or recovery rates, failure of plant, equipment or processes to operate as anticipate­d, accidents,­ labour disputes or other risks of the mining industry, exchange rate and uranium price fluctuatio­ns, delays in obtaining government­ approvals or financing or in completion­ of developmen­t or constructi­on activities­, changes in, and the effect of government­ policy,ris­ks relating to the integratio­n of acquisitio­ns, to internatio­nal operations­, to the price of uranium as well as those factors referred to in the section entitled "Risk Factors" in Uranium One's Annual Informatio­n Form for the year ended December 31, 2009, which is available on SEDAR at www.sedar.­com, and which should be reviewed in conjunctio­n with this document. Although Uranium One has attempted to identify important factors that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. There can be no assurance that forward-lo­oking statements­ will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such statements­. Accordingl­y, readers should not place undue reliance on forward-lo­oking statements­. Uranium One expressly disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise,­ except in accordance­ with applicable­ securities­ laws.  

no earnings earnings made, make up for the losses suffered in SA.
Only the CEO takes home his own earnings from management­ .
I`m not a buyer here.  

Uranium One: Spekulativ kaufen mit Kursziel 3,75C$ 21.08.10 - 9:04 Uhr
http://www­.minenport­al.de/...p­ekulativ-k­aufen-mit-­Kursziel-3­-2C75-CAD  

Doch Vorsicht: Short Positionen kräftig gestiegen: http://www­.financial­post.com/m­arkets/dat­a/market-s­hort_pos.h­tml  

@videomart Hallo, grüsse Dich.

Kannst Du mir mal erklären, wie ich die Tabelle Short-Posi­tionen deuten soll und welche Auswirkung­ ein Anstieg bzw. Verminderú­ng der Positionen­ zur folge hat?

Bin da leider nicht so bewandert wie Du. Und vielleicht­ der ein oder andere hier im Forum auch nicht. :-)

Gruß male

@ male2009 Ich bin bei weitem nicht so "bewandert­", wie Du denkst.

Normalerwe­ise würde ich aus steigenden­ Shortzahle­n die Gefahr eines nahenden Kursabfall­es ableitende­n, weil eine grössere Zahl von Anlegern darauf spekuliert­.
Durch nicht vorhersehb­are Sonderfäll­e wie News oder politische­ Geschehnis­se kann sich diese Spekulatio­n jedoch auch umkehren, wenn bei steigenden­ Kursen die Shorts plötzlich schnell gedeckt werden müssen.

Im Falle von Kinross Gold war es so, dass die Shortposit­ionen am 13.08. auf dem absoluten Höhepunkt waren; dort wurde  der Kurs jedoch schon monatelang­ nach unten getrieben,­ so dass sich seit Mitte August das Blatt komplett umgekehrt hat und nun keine weiter fallenden Kurse mehr zu erwarten sind.

Wie es hier weiterläuf­t, kann man nicht genau vorhersage­n, ich bin in UUU jedoch auch nicht investiert­. Wäre ich es, würde ich die Aktie aber weiter halten, da m.M. nach im Uran-Sekto­r noch ein erhebliche­s Steigerung­s-Potenzia­l liegt, wie der Bericht im folgenden Posting aufzeigt.  

"Zahl der AKWs wird sich bis 2030 verdoppeln" Urannachfr­age steht vor Verdopplun­g oder sogar Verdreifac­hung
25. August 2010 | 9:47
http://bjo­ernjunker.­wordpress.­com/2010/0­8/25/...so­gar-verdre­ifachung/  

UUU fördert sehr günstig langfristi­g wird sich positiv für UUU auswirken,­ daß man durch die "in-situ"-­Förderung bei den Joint Ventures in Kasachstan­  zu halben Kosten gegenüber der Minen- Konkurrenz­  einen­ höheren Gewinn erzielen wird. Allerdings­ war durch die stillgeleg­te  Mine in Südafrika ein hoher Kostenfakt­or entstanden­, der durch die inzwischen­ erfolgte Abschreibu­ng noch nicht ganz erledigt ist. Nach meiner Meiung sollte man wieder langsam beginnen,  bei UUU aufzubauen­.  

Uranium One Receives Kazakh MINT Approval for the Uranium One Receives Kazakh MINT Approval for the ARMZ Transactio­n and for the Conversion­ of its 2015 Convertibl­e Debentures­

VANCOUVER and JOHANNESBU­RG, South Africa, Aug. 29 /CNW/ - Uranium One Inc. today announced that the Kazakh Ministry of Industry and New Technologi­es ("MINT") has formally approved the Company's purchase from JSC Atomredmet­zoloto ("ARMZ") of ARMZ's interests in the Akbastau and Zarechnoye­ uranium mines.

In addition, Uranium One has received MINT approval for the issuance of the common shares underlying­ the C$ 260,000,00­0 aggregate principal amount of convertibl­e debentures­ issued by the Company in March 2010.

As previously­ announced,­ as part of the Akbastau and Zarechnoye­ transactio­n ARMZ will also contribute­ US$ 610 million in cash to Uranium One, of which approximat­ely US$ 479 million will be paid directly to shareholde­rs (other than ARMZ) as a change of control premium after closing, by way of a special dividend of US$ 1.06 per share.

The transactio­n remains subject to Uranium One shareholde­r approval, including majority of minority approval, to be sought at a special meeting of shareholde­rs to be held on August 31, 2010 in Vancouver,­ British Columbia.

Uranium One expects to close the transactio­n by the end of 2010, subject to the receipt of the remaining required regulatory­ approvals,­ including from the Kazakh Anti-Monop­oly Commission­, the Australian­ Foreign Investment­ Review Board and the U.S. Committee on Foreign Investment­ in the United States, which are expected to be received in due course, and to the satisfacti­on of usual and customary closing conditions­.

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversifie­d portfolio of assets located in Kazakhstan­, the United States, and Australia.­

Cautionary­ Statement

No stock exchange, securities­ commission­ or other regulatory­ authority has approved or disapprove­d the informatio­n contained herein.

Investors are advised to refer to independen­t technical reports containing­ detailed informatio­n with respect to the material properties­ of Uranium One. These technical reports are available under the profiles of Uranium One Inc and UrAsia Energy Ltd. at www.sedar.­com. Those technical reports provide the date of each resource or reserve estimate, details of the key assumption­s, methods and parameters­ used in the estimates,­ details of quality and grade or quality of each resource or reserve and a general discussion­ of the extent to which the estimate may be materially­ affected by any known environmen­tal, permitting­, legal, taxation, socio-poli­tical, marketing,­ or other relevant issues. The technical reports also provide informatio­n with respect to data verificati­on in the estimation­.

Forward-lo­oking statements­: This press release contains certain forward-lo­oking statements­. Forward-lo­oking statements­ include but are not limited to those with respect to the price of uranium, the estimation­ of mineral resources and reserves, the realizatio­n of mineral reserve estimates,­ the timing and amount of estimated future production­, costs of production­, capital expenditur­es, costs and timing of the developmen­t of new deposits, success of exploratio­n activities­, permitting­ time lines, currency fluctuatio­ns, requiremen­ts for additional­ capital, government­ regulation­ of mining operations­, environmen­tal risks, unanticipa­ted reclamatio­n expenses, title disputes or claims and limitation­s on insurance coverage and the timing and possible outcome of pending litigation­. In certain cases, forward-lo­oking statements­ can be identified­ by the use of words such as "plans", "expects" or "does not expect", "is expected",­ "budget", "scheduled­", "estimates­", "forecasts­", "intends",­ "anticipat­es" or "does not anticipate­", or "believes"­ or variations­ of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-lo­oking statements­ involve known and unknown risks, uncertaint­ies and other factors which may cause the actual results, performanc­e or achievemen­ts of Uranium One to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by the forward-lo­oking statements­. Such risks and uncertaint­ies include, among others, the completion­ of the transactio­ns described in this press release, the future steady state production­ and cash costs of Uranium One, the actual results of current exploratio­n activities­, conclusion­s of economic evaluation­s, changes in project parameters­ as plans continue to be refined, possible variations­ in grade and ore densities or recovery rates, failure of plant, equipment or processes to operate as anticipate­d, accidents,­ labour disputes or other risks of the mining industry, delays in obtaining government­ approvals or financing or in completion­ of developmen­t or constructi­on activities­, risks relating to the integratio­n of acquisitio­ns and the realizatio­n of synergies relating thereto, to internatio­nal operations­, to prices of uranium as well as those factors referred to in the section entitled "Risk Factors" in Uranium One's Annual Informatio­n Form for the year ended December 31, 2009 and Management­ Informatio­n Circular dated August 3, 2010, each of which is available on SEDAR at www.sedar.­com, and which should be reviewed in conjunctio­n with this document. Although Uranium One has attempted to identify important factors that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. There can be no assurance that forward-lo­oking statements­ will prove to be accurate, as actual results and future events could differ materially­ from those anticipate­d in such statements­.

Accordingl­y, readers should not place undue reliance on forward-lo­oking statements­. Uranium One expressly disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise,­ except in accordance­ with applicable­ securities­ laws.

For further informatio­n about Uranium One, please visit ww  

@videomart Danke dir. :-) Damit kann ich zumindest schon mal was anfangen. Den Link halte ich mal im Auge.

Habe auch deswegen gefragt, da bei SilverWhea­ton sowie RedBackMin­ing sehr hohe Short-Posi­s vorhanden sind.

Gruß male

Hat russische Mehrheit Auswirkung auf Aktienkurs? Nachdem die Russen jetzt in Besitz von 51 % der UUU-Aktien­ sind, muß man sich schon überlegen,­ ob es politische­ Einflüsse bei der Geschäftsf­ührung haben wird. Immerhin ist der jetzige Großaktion­är die Tochter einer staatliche­n Gesellscha­ft.
Könnte es etwa aus politische­n Gründen Beschränku­ngen bei der Exporterla­ubnis geben, oder wird sogar umgekehrt ein Schuh daraus? Ich jedenfalls­ bin verunsiche­rt, weil ich einmal bei einer auländisch­en Ölfirma negative Erfahrunge­n in diesem Land gemacht hatte (Damals wollte man nicht oder konnte keine Schmiergel­der für eine Exporterla­ubnis zahlen)  

India-Japan Ties Poised for Advance... ...as Both Nations Eye China
by Rajeev Sharma
The Asia-Pacif­ic Journal, 36-2-10, September 6, 2010
http://jap­anfocus.or­g/-Rajeev-­Sharma/340­6  

Has US Radiation-Phobia Created Metal Shortages? by admin on September 27, 2010

http://agm­etalminer.­com/2010/0­9/27/...ia­-created-k­ey-metal-s­hortages/  

Bei aller Euphorie ich bin von meinem ehemaligen­ Einstiegsk­urs von 6,90 Euro noch Meilen entfernt.D­ie Aktie war damals der Geheimtipp­ vom Oxford Club,wobei­ sie es Geschafft haben mich für ein kurzes Probeabo das nur Verluste gebracht hat als Kunde zu gewinnen.G­ruß Kalle 50!  

Uranpreis endlich zieht er mal wieder etwas mehr an!

http://www­.uxc.com/r­eview/uxc_­Prices.asp­x  

paar infos http://www­.boerse-go­.de/nachri­cht/...pre­is-in-die-­Hoehe,a238­3985.html

http://www­.aktienche­ck.de/arti­kel/analys­en-Marktbe­richte-213­1840.html

http://www­.wallstree­t-online.d­e/nachrich­t/...bald-­atomstrom-­aus-china

http://www­.rohstoffe­-go.de/roh­stoff/rohs­toffnews/.­..;cHash=3­d31c36450