M&A To Continue In Uranium Supply Race

Toronto-listed Uranium One is ramping up its acquisitions in emerging markets, while forging new relationships with Russia and Japan in its effort to become one of the world's leading uranium producers. In its most recent deal, on June 15, the miner expanded its presence further in uranium rich Kazakhstan by inking a deal with Russia's Rosatom, the state-owned nuclear group. The deal will give Rosatom a 17% stake in Uranium One, while Uranium One will gain a 50% stake in the Karatau mine in Kazakhstan.

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