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| num_employees_year = | parent = Part of the TENEX Group| divisions = | subsid = | website =weblink| footnotes = }}Uranium One is an international group of companies, part of the management circuit of the TENEX Group of Rosatom State Corporation. Since 2013, it is a wholly owned subsidiary of Moscow-based Uranium One Group, a part of the Russian state-owned nuclear corporation Rosatom.NEWS,weblink Uranium One bought by top Russian shareholder ARMZ for $1.3-billion, Koven, Peter, January 14, 2013, Financial Post, August 31, 2017,

History

The company was established as Southern Cross Resources Inc. on January 2, 1997, in Toronto, Canada. It was listed on the Toronto Stock Exchange on August 25, 1997. In 2005, Southern Cross Resources Inc. reverse merged with South African Aflease Gold and Uranium Resources Ltd. under the name SXR Uranium One Inc.NEWS, Stueck, Wendy,weblink S. African firm nabs uranium miner, The Globe and Mail, July 6, 2005, July 31, 2018, NEWS,weblink Court sanctions Southern Cross takeover of Aflease, Mail and Guardian, December 6, 2005, November 8, 2018, After merger, the company received secondary listing on the Johannesburg Stock Exchange. Aflease Gold and Uranium Resources Ltd. became a subsidiary of SXR Uranium One and was renamed Uranium One Africa Ltd. The main uranium asset of Aflease was the Dominion mine. The gold assets of Aflease were divested by 2008 and Uranium One Africa was sold in 2010 to Gupta family.NEWS, Steyn, Lisa, Donnelly, Lynley,weblink Price pressure on Gupta uranium mine, Mail and Guardian, March 24, 2016, November 8, 2018, In 2007, Uranium One Inc. acquired UrAsia Energy Ltd. And a 70% stake in the Akdala and South Inkai uranium mines, as well as a 30% stake in the Kyzylkum venture in Kazakhstan. In June 2009, JSC Atomredmetzoloto (ARMZ), a subsidiary of Rosatom, acquired a 16.6 percent stake in Uranium One in exchange for a 50 percent stake in its joint venture with Kazatomprom{{cn|date=April 2023}} Karatau. In the same year, Uranium One bought the Shootaring Uranium Mill from the United States Enrichment Corporation. It was sold to Anfield Energy in 2015.NEWS,weblink Hidden Value in Anfield Energy: The Shootaring Uranium Mill, Oil & Gas 360, June 26, 2018, November 8, 2018, Also in 2007, Uranium One acquired Energy Metals Corporation which owned the Hobson uranium processing plant in Texas, and uranium exploration properties located in Wyoming and Texas. The Hobson uranium processing plant and assets in Texas were sold to Uranium Energy Corporation in 2009.NEWS In 2009, the Rosatom subsidiary ARMZ acquired 16.6% of shares in Uranium One in exchange for a 50% interest in the Karatau uranium mining project, a joint venture with Kazatomprom.NEWS NEWS NEWS ARMZ took complete control of Uranium One in January 2013 by buying all shares it did not already own. In October 2013, Uranium One Inc. was delisted from the Toronto and Johannesburg exchanges and became a wholly owned indirect subsidiary of Rosatom.WISE Uranium Project "Following the completion of the Going Private Transaction, and an internal reorganization by ARMZ's parent corporation, Russia's State Atomic Energy Company 'Rosatom' in December 2013, Uranium One is now a wholly owned indirect subsidiary of Rosatom and is no longer controlled by ARMZ." updated April 1, 2015, accessed April 23, 2015NEWS NEWS In 2010–2013, Uranium One acquired Mantra Resources, the developer of Mkuju River mine in Tanzania. The Mkuju River project was suspended in 2017 due to the low uranium price.NEWS NEWS NEWS NEWS In 2017, Uranium One Trading A. started its trading company. G in Zug, Switzerland. The company aims to increase its share in the international market by carrying out spot and medium-term trading in natural uranium.At the end of 2019, Uranium One's mineral resource base is estimated at 512.7 thousand tons. Uranium production for the year amounted to 4,6 tonnes.WEB, Index of /go/rosatom/go_rosatom_2019,weblink 2021-12-07, report.rosatom.ru, In 2019, Uranium One's operations were transferred to TENEX (a global brand of TENEX).WEB, 2019-02-14, АРМЗ в 2019г ликвидирует СП по продаже урана с U1 в рамках его перехода под управление Tenex,weblink 2021-12-07, Атомная энергия 2.0, ru, In the reporting year, the mineral resource base of Uranium One's enterprises according to international reporting standards was 192 thousand tons (197.1 thousand tons in 2018).WEB, Росатом в 2019 г сохранил объемы добычи урана на уровне 7 млн тонн {{!, MQL-разработка|url=https://mql.su/2020/05/rosatom-v-2019-g-sohranil-obemy-dobychi-yrana-na-yrovne-7-mln-tonn/|access-date=2021-12-07|language=ru-RU}}In 2020, Uranium One made its first shipment of wood pellets to a customer in Italy. More than 3 thousand tons of products were delivered by sea.WEB, Uranium One выходит на рынок биотоплива Италии,weblink 2021-11-23, polit.ru,

Operations

Through its subsidiaries and joint ventures Uranium One owns Akdala, South Inkai, Karatau, Akbastau and Kharasan uranium mines in Kazakhstan, the conserved Willow Creek uranium mine in the United States, and the Mkuju River uranium project in Tanzania.WEB, Focus: Tanzania / Mkuju River uranium Project,weblink 2021-07-18, Uranium Network, In Namibia, Uranium One Headspring Pty., a subsidiary of Uranium One, is conducting exploration work. Exploration and pilot works are planned until 2027.{{cn|date=August 2021}}In 2020, Uranium One sold {{convert|11.8|e6lb|tonne}} of triuranium octoxide (U3O8).NEWS Uranium One is considering lithium mining projects in Chile, Argentina, and Bolivia.NEWS NEWS In 2020, Uranium One started to supply wood pellets produced in Russia.NEWS, Russian Uranium One enters Italian biofuel market,weblink November 16, 2020, August 12, 2021, NeftegazRU.com, In June 2023, Bolivia signed an agreement with Rosatom through its Uranium One Group to develop its lithium reserves, which are the largest in the world. Uranium One will invest $600 million in the project and conduct the feasibility and pre-investment studies.NEWS, Bolivia seals $1.4 billion lithium deals with Russia's Rosatom, China's Guoan,weblink 1 July 2023, www.msn.com, Reuters, 30 June 2023,

Ownership

Uranium One Inc. is an indirect subsidiary of the Russian state-owned nuclear corporation Rosatom. It is directly owned by the Amsterdam-based Uranium One Holding N.V. (89.07%) and Moscow-based Uranium One Group (former name: Uranium Mining Company; 10.93%). Uranium One Holding is wholly owned by Uranium One Group. Uranium One Group is owned by Rosatom direct subsidiaries Atomenergoprom (71.084%) and ARMZ (28.916%).WEB NEWS

Uranium One controversy

A conspiracy theory launched during the 2016 presidential election campaign accused Bill Clinton, the Clinton Foundation, Hillary Clinton, the Obama administration, high level officials in Russia, the State Department, Uranium One, and the FBI of allegedly compromising national-security interests, bribery, and suppressing evidence.WEB,weblink This simple chart debunks the conspiracy theory that Hillary Clinton sold uranium to Russia, Alvin, Chang, Vox, November 17, 2017, November 7, 2018, WEB,weblink What you need to know about Hillary Clinton, Russia, and uranium, Louis, Jacobson, Kruzel, John, Vox, October 24, 2017, November 7, 2018, WEB,weblink Clinton Uranium 'Scandal' Doesn't Have Much Fuel, Tobin, Harshaw, Bloomberg L.P., Bloomberg, November 14, 2017, November 7, 2018, All parties have denied the accusations, and no evidence of wrongdoing has been found after five years of allegations, an FBI investigation, a House Intelligence Committee inquiry, and the 2017 appointment by the Justice Department of the U.S. Attorney in Utah, John Huber, to evaluate the FBI investigation.NEWS,weblink Mueller's charges have Republicans freaking out over a report tying Hillary Clinton to a Russian uranium deal, Maxwell, Tani, 2017-10-28, Business Insider, 2018-07-29, NEWS, Barrett, Devlin, Zapotosky, Matt,weblink Justice Dept. winds down Clinton-related inquiry once championed by Trump. It found nothing of consequence., January 10, 2020, February 2, 2020, The Washington Post, Huber's inquiry ended in January 2019 without any findings of consequence.

Activities

Uranium exploration and miningUranium One is engaged in natural uranium mining, exploration and development of uranium deposits in Kazakhstan, the United States, Tanzania, and Namibia. The company produces about 4,6 thousand tons of natural uranium per year. Uranium One supplies natural uranium to energy companies in Europe, North America, and Asia.KazakhstanUranium One is a participant in six joint uranium mines with NAC Kazatomprom, the national nuclear corporation of Kazakhstan: Akdala, South Inkai, Karatau, Akbastau, Zarechnoye and Kharasan.WEB, Uranium in Kazakhstan {{!, Nuclear Power in Kazakhstan - World Nuclear Association|url=https://www.world-nuclear.org/information-library/country-profiles/countries-g-n/kazakhstan.aspx#:~:text=Kazakhstan%20has%2012%25%20of%20the,43%25%20of%20the%20world%27s%20uranium.|access-date=2022-01-13|website=www.world-nuclear.org}}

See also

• List of uranium mines
• Uranium Participation Corporation
• CFIUS

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References

{{Reflist}}

External links

• Official web site
• SEDAR company profile

{{Rosatom}}