Uranium One completes on UrAsia

23 April 2007

[Uranium One, 20 April] sxr Uranium One announced that it has completed its acquisition of UrAsia Energy for some $3.1 billion. As of 20 April, UrAsia ceased trading on the Toronto stock exchange. The combined company - to be known as Uranium One - will have a market value of some $5 billion, making it the world's second largest uranium producer by capitalization, behind Cameco, which is valued at about $13.1 billion. Uranium One will have estimated production of more than 3200 tonnes U3O8 from five operations (Dominion, Akdala, South Inkai, Kharassan and Honeymoon) in 2008, with production costs of some $22-$26 per kilogram U3O8.

Further information

sxr Uranium One
UrAsia Energy

WNN: Uranium One to buy UrAsia

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