Khan starts Mongolian licence arbitration, CEO retires

Toronto-based Khan Resources will start international arbitration proceedings against the government of Mongolia over the cancellation of its uranium licences in that country. The uranium developer, which also announced on Tuesday that CEO Martin...

Khan prepares Mongolian court appeal after uranium licences voided

Toronto-based Khan Resources will launch an appeal in Mongolian courts within the next few days, in the hopes of overturning a decision by the country's Nuclear Energy Agency to invalidate mining and exploration licenses held by the company's...

Khan shares plunge on report licences invalidated

Shares in Canada's Khan Resources dropped by almost a third on Tuesday morning, after the company said it received notification from the Mongolian Nuclear Energy Agency (NEA) that a uranium-mining licence and exploration licence for the company's...

Khan finds white knight in China's CNNC

TSX-listed Khan Resources has agreed to be acquired by a subsidiary of China National Nuclear Corporation, in a deal that values the company at around C$56,5-million. Khan's flagship asset is a stake in the Dornod uranium project, in Mongolia,...

Khan inks MoU with Mongolia govt uranium co

TSX-listed Khan Resources has signed a nonbinding memorandum of understanding (MoU) with MonAtom, Mongolia's State-owned uranium development company, on setting up a joint venture company to own and develop Khan's uranium project in the country.

Khan gets notice from Mongolian government on new uranium ownership law

TSX-listed Khan Resources continues to have “constructive” discussions with officials in Mongolia, on the implications of the nation's new nuclear energy law, the firm said in a statement. The legislation gives the government the right to...

Khan hires advisers on ARMZ offer

Toronto-based Khan Resources has hired Haywood Securities as financial adviser in connection with a takeover offer from Atomredmetzolo (ARMZ) of Russia, the firm announced on Wednesday. Haywood will also advise on “any available alternatives...

Khan Resources hopes for progress on Mongolia uranium project

TSX-listed Khan Resources and its partners on the Dornod uranium project are re-registering the mining and exploration licences for the asset, under Mongolia's new nuclear energy law, and hope to start negotiations soon on an investment agreement...

Khan hopes to start talks on Mongolia investment pact by midyear

TSX-listed Khan Resources plans to sit down with Mongolian authorities “at the earliest possible date” to start hammering out an investment agreement for the firm's $333-million Dornod uranium project, president and CEO Martin Quick said on...

Khan Resources makes key submission to Mongolia for uranium project

TSX-listed Khan Resources has submitted the reserve calculations for its Dornod uranium project, in Mongolia, to the country's government for approval, the firm announced on Monday. Khan expects to receive the green light on the reserve...

Khan walks away from bid for Western Prospector

TSX-listed Khan Resources will allow its offer for Western Prospector to lapse on Wednesday, the company said in a statement. Western Prospector, which has said that Khan's offer of 0,685 of a Khan share for each Western share undervalued its...

Khan extends offer for Western Prospector again in face of rival bid

Toronto-based Khan Resources has extended its all-share offer for TSX Venture Exchange-listed Western Prospector Group for a fifth time, this time to September 3. Western Prospector, which says Khan's offer of 0,685 of a Khan share for each...