Uranium One

Uranium One Inc. is a Canadian-based company and is one of the world’s largest uranium producers. The Company has a globally diversified portfolio of assets located in Kazakhstan, the United States, Australia and Tanzania. Uranium One is a wholly owned subsidiary of Uranium One Holding N.V. which is a wholly owned subsidiary of Rosatom, the Russian State Corporation for Nuclear Energy. In Kazakhstan, Uranium One has a 70% interest in the Betpak Dala joint venture which owns the Akdala Mine and the South Inkai Mine. The Corporation also owns a 50% interest in the Karatau joint venture, which owns the Karatau Mine, and a 30% interest in the Kyzylkum joint venture, which owns the Kharasan Project. In December 2010, Uranium One acquired a 50% interest in the Akbastau joint venture, which owns the Akbastau Mine, as well as a 49.67% interest in the Zarechnoye joint venture which owns the Zarechnoye Mine and the South Zarechnoye Project. In the United States, the Corporation owns 100% of the Willow Creek Project and has a number of development projects in the Powder River and Great Divide Basins in Wyoming. In Australia, the Corporation owns a 100% interest in the Honeymoon Uranium Project.