Uranium One unveils Q1 profit on higher prices, production

TSX- and JSE-listed Uranium One swung to profit in the first quarter, it said on Wednesday, posting net income of $14-million as it benefited from higher production and prices for the nuclear fuel. The company produced a record 2,4-million pounds...

Uranium One hires former Cameco exec as marketing VP

ranium One has appointed Scott Melbye as executive vice-president of marketing, the company said on Friday. Melbye, who will join Uranium One in May, was most recently president of Cameco, as subsidiary of Cameco, where he was responsible for...

Uranium One names Chris Sattler as new CEO

Uranium One has appointed Chris Sattler as CEO, replacing Jean Nortier, the firm said on Wednesday. Nortier has returned to South Africa with his family "for personal reasons" but will remain a member of the board of directors, the company said.

Uranium junior gets more interest as prices rise

The 30% rise in uranium prices since June to the highest level in two years has sparked interest in the sector once more, and TSX-V-listed junior Xemplar Energy said on Monday its phone lines had suddenly become a lot busier. "There's just...

Uranium One sales rise to record, bullish on prices

Vancouver-based Uranium One narrowed its third-quarter net loss as uranium sales volumes rose to a record and cash costs improved. The company sold 1,7-million pounds in the quarter, an increase of 302% compared with a year earlier, and 12%...

Uranium One sees ARMZ deal by yr-end after shareholder thumbs up

With shareholder approval now in the bag, Uranium One expects to close the sale of a controlling interest in itself to Russian government-owned uranium miner Atomredmetzoloto (ARMZ) by the end of this year. The company only needed the approval of...

Investors applaud slew of good news from Uranium One

Shares in Uranium One rose more than 10% on Monday, after the company raised its production guidance for this year and announced several other bits of positive news, including that it does not expect to pay a new excess profits tax on its...

Uranium One loss narrows, hikes outlook

Vancouver-based Uranium One narrowed its net loss for the second quarter, after increasing production during the three months to a best-ever 1,8-million pounds of uranium, more than double a year ago. Shares in the company jumped 6% on Monday...

Uranium One sells Paladin shares

Australian uranium-miner Paladin Energy on Wednesday welcomed the decision by TSX- and JSE-listed Uranium One to dispose of its interest in Paladin. Uranium One announced on Tuesday it has sold all the shares it bought in rival Paladin, with CEO...

ARMZ sees Uranium One as vehicle for global growth

Russia's Atomredmetzoloto (ARMZ) will increase its holding in Uranium One to at least 51%, in exchange for stakes in two uranium mines in Kazakhstan and $610-million in cash. Uranium One will buy ARMZ's 50% interest in the Akbastau uranium mine...

Uranium phoenix rises from ashes with new 
Zuma-linked ownership

It came as something of a surprise when Uranium One shut up shop at its uranium mine and spanking new plant in Klerksdorp.

Mining Weekly was among the many publications that recorded its every move under the fast-moving original Uranium One...

Resources Watch

This week: Denison Mines touts Athabasca uranium find; Kinross CEO plays his cards close on plans for Red Back shares; and Uranium One closes the door on Dominion, remains mum on Paladin stake.