Die neue Uranium One Präsentation

Seite 39 von 44
neuester Beitrag: 17.01.13 02:01
eröffnet am: 26.06.07 17:42 von: Pilgervater Anzahl Beiträge: 1080
neuester Beitrag: 17.01.13 02:01 von: einsteger Leser gesamt: 173044
davon Heute: 15
bewertet mit 24 Sternen

Seite: Zurück 1 | ... | 36 | 37 | 38 |
| 40 | 41 | 42 | ... | 44  Weiter  

8584 Postings, 7910 Tage RheumaxMal dahintergeschaut:

 
  
    
1
16.01.10 16:20

"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."

 

:-)

 

158 Postings, 5806 Tage laechlerUranium One Announces 400% Increase in Kazakh Res.

 
  
    
01.02.10 14:16
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.  

158 Postings, 5806 Tage laechlerFortsetzung

 
  
    
01.02.10 14:17
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  

158 Postings, 5806 Tage laechlerUranium One Announces Strong Production Results

 
  
    
2
11.03.10 06:59
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.  

3219 Postings, 6452 Tage DahinterschauerMine in Südafrika steht immer noch zum Verkauf

 
  
    
1
11.03.10 14:09
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.  

158 Postings, 5806 Tage laechlerUranium One Acquires Investment in Paladin

 
  
    
30.04.10 18:26
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.  

158 Postings, 5806 Tage laechlerUranium One Announces a 147% Increase in Quarterly

 
  
    
1
10.05.10 13:26
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  

158 Postings, 5806 Tage laechlerNews

 
  
    
08.06.10 15:52
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  

3219 Postings, 6452 Tage DahinterschauerAnteile an Paladin wieder verkauft

 
  
    
1
09.06.10 17:20
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.  

158 Postings, 5806 Tage laechlerUranium One Increases 2010 Production Guidance to

 
  
    
09.08.10 16:53
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.  

17202 Postings, 5813 Tage Minespecno earnings

 
  
    
21.08.10 16:23
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.  

7656 Postings, 5458 Tage videomartUranium One: Spekulativ kaufen mit Kursziel 3,75C$

 
  
    
1
22.08.10 01:58

7656 Postings, 5458 Tage videomartDoch Vorsicht: Short Positionen kräftig gestiegen:

 
  
    
1
24.08.10 16:51

1772 Postings, 5026 Tage male2009@videomart

 
  
    
26.08.10 09:57
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
-----------
Die Tatsache, dass Leute gierig, ängstlich und töricht sind, lässt sich sehr wohl voraussehen. Nicht jedoch in welcher Reihenfolge!

7656 Postings, 5458 Tage videomart@ male2009

 
  
    
29.08.10 15:45
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.  

7656 Postings, 5458 Tage videomart"Zahl der AKWs wird sich bis 2030 verdoppeln"

 
  
    
1
29.08.10 15:50
Urannachfrage steht vor Verdopplung oder sogar Verdreifachung
25. August 2010 | 9:47
http://bjoernjunker.wordpress.com/2010/08/25/...sogar-verdreifachung/  

3219 Postings, 6452 Tage DahinterschauerUUU fördert sehr günstig

 
  
    
1
29.08.10 18:12
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.  

158 Postings, 5806 Tage laechlerUranium One Receives Kazakh MINT Approval for the

 
  
    
30.08.10 17:24
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  

1772 Postings, 5026 Tage male2009@videomart

 
  
    
01.09.10 15:55
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
-----------
Die Tatsache, dass Leute gierig, ängstlich und töricht sind, lässt sich sehr wohl voraussehen. Nicht jedoch in welcher Reihenfolge!

3219 Postings, 6452 Tage DahinterschauerHat russische Mehrheit Auswirkung auf Aktienkurs?

 
  
    
06.09.10 19:28
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)  

7656 Postings, 5458 Tage videomartIndia-Japan Ties Poised for Advance...

 
  
    
08.09.10 17:40
...as Both Nations Eye China
by Rajeev Sharma
The Asia-Pacific Journal, 36-2-10, September 6, 2010
http://japanfocus.org/-Rajeev-Sharma/3406  

7656 Postings, 5458 Tage videomartHas US Radiation-Phobia Created Metal Shortages?

 
  
    
28.09.10 23:55

2596 Postings, 5132 Tage kalle50Bei aller Euphorie

 
  
    
1
10.11.10 17:29
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!  

158 Postings, 5806 Tage laechlerUranpreis

 
  
    
10.11.10 18:08
endlich zieht er mal wieder etwas mehr an!

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

Seite: Zurück 1 | ... | 36 | 37 | 38 |
| 40 | 41 | 42 | ... | 44  Weiter  
   Antwort einfügen - nach oben