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Uranium One, Inc.
Uranium-radium-vanadium Ores Canada
Toronto Stock Exchange: UUU | OTC Bulletin Board: SXRZF | Johannesburg Securities Exchange: UUU
Listed in: : Metals & Mining
Company Description
Uranium One Inc. is a Canadian-based company and is one of the world’s largest publicly traded uranium producers with a primary listing on the Toronto Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. The Company has a globally diversified portfolio of assets located in Kazakhstan, the United States, Australia and is operator of , and a minority stakeholder in, the Mkuju River Project in Tanzania. With a 51% ownership stake, Uranium One’s major shareholder is JSC Atomredmetzoloto (ARMZ) 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.
Following the completion of the acquisition of Mantra Resources Ltd. by ARMZ in June 2011, Uranium One became the operator of the Mkuju River Project in Tanzania , and acquired a 13.9% in the project in March 2012.
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Corporate Presentation
Updated as of December 2012
Executives
- Mr. Ian Telfer, Non-Executive Chairman
- Mr. Telfer has over 30 years experience as a corporate executive. Mr. Telfer is currently Chairman of Goldcorp Inc. (a gold mining company). He was the Chief Executive Officer and President of Goldcorp Inc. prior to November 2006 and Chairman and Chief Executive Officer of Wheaton River Minerals Ltd. (a gold mining company) prior to its merger with Goldcorp Inc. in 2005. He was also the Chairman of UrAsia Energy Ltd. (“UrAsia”) (a uranium mining company) prior its acquisition by the Corporation in April 2007. He has a Bachelor of Arts degree from the University of Toronto, a Master of Business Administration Degree from the University of Ottawa, and has been a Chartered Accountant in Canada since 1977 and is a Fellow of the Institute of Chartered Accountants (British Columbia).
- Mr. Vadim Jivov, President
- Mr. Jivov has been the Chairman of ARMZ (the Russian state-owned uranium mining company) since May 2011; before that, he was the Director General (equivalent to a Chief Executive Officer in Canada) of ARMZ since November 2007. He was the President of MTB Canada Ltd. (an import/export company) from 1991 to 2006, the First Deputy General Director of JSC Techsnabexport (a nuclear industry uranium products exporter) from 2006 to 2007, the Vice-President of CJSC Kapitel (an industrial engineering services company) from 2004 to 2006, the Deputy General Director of Corporate Development of JSC Gazprommedia (a media holding company) from 2003 to 2004, and the First Deputy General Director of JSC Telekompanya NTV (a TV broadcaster) from 2003 to 2004. He holds an engineer-optician’s degree from the Moscow Power Engineering Institute.
- Mr. Chris Sattler, Chief Executive Officer
- Mr. Sattler was the Executive Vice-President, Corporate Development and Investor Relations of the Corporation from March 2009 to February 2011, and Senior Vice-President, Investor Relations of the Corporation from June 2007 to March 2009. Prior to joining Uranium One in 2006, Mr. Sattler worked for BMO Capital Markets in investment banking for five years and was involved in a variety of merger and acquisition transactions and equity financings in the mining sector. Mr. Sattler holds a Bachelor of Science in Engineering degree from Queen’s University, and a Master of Business Administration degree from the London Business School.
- Mr. Andrew Adams, Non-Executive Director
- Prior to 1999, Mr. Adams was Chief Financial Officer of AngloGold North America Inc. (a gold mining company). From 1999 to 2003, Mr. Adams was Vice-President and Chief Financial Officer of Aber Diamond Corporation (a diamond mining company). Mr. Adams currently serves as an independent non-executive director of two other mining companies, First Quantum Minerals Ltd. and Torex Gold Resources Inc. (formerly Gleichen Resources Ltd.) and is also the chairman of the audit committee and a member of the compensation committee of each of these companies, as well as a member of the corporate governance and nominating committee of Torex Gold Resources Inc. Mr. Adams qualified as a Chartered Accountant in the U.K. in 1981. He holds a Bachelor of Social Sciences degree from Southampton University.
- Mr. Peter Bowie, Non-Executive Director
- Mr. Nortier is the founder, President and Chief Executive Officer of SunGreen Agricom Inc. (an agriculture company), a position he has held since August 2011. Mr. Nortier was the Chief Executive Officer of the Corporation from December 2010 until February 2011, the President and Chief Executive Officer of the Corporation from August 2008 until December 2010, the interim Chief Executive Officer of the Corporation from February 2008 to August 2008, the Executive Vice-President (Corporate Development) of the Corporation from April 2007 until February 2008, and the Chief Financial Officer of the Corporation from December 2005 until April 2007. He holds a Bachelor of Accounting degree from the University of Stellenbosch, a Bachelor of Commerce (Honours) degree from the University of the Free State, and has been a Chartered Accountant in South Africa since 1994.
- Mr. Jean Nortier, Non-Executive Director
- Mr. Nortier is the founder, President and Chief Executive Officer of SunGreen Agricom Inc. (an agriculture company), a position he has held since August 2011. Mr. Nortier was the Chief Executive Officer of the Corporation from December 2010 until February 2011, the President and Chief Executive Officer of the Corporation from August 2008 until December 2010, the interim Chief Executive Officer of the Corporation from February 2008 to August 2008, the Executive Vice-President (Corporate Development) of the Corporation from April 2007 until February 2008, and the Chief Financial Officer of the Corporation from December 2005 until April 2007. He holds a Bachelor of Accounting degree from the University of Stellenbosch, a Bachelor of Commerce (Honours) degree from the University of the Free State, and has been a Chartered Accountant in South Africa since 1994.
- Mr. Phillip Shirvington, Non-Executive Director
- Mr. Shirvington was the President and Chief Executive Officer of UrAsia from November 2005 until its acquisition by the Corporation in April 2007. He was the Managing Director of Energy Resources of Australia Ltd. (a uranium mining company) for a period of six years commencing in 1994. Mr. Shirvington later became a consultant to the mining and energy industry, in which he has over 20 years experience. Earlier in his career he was a nuclear scientist and First Secretary, Atomic Energy at the Australian Embassy in Washington, D.C. Mr. Shirvington holds a Bachelor of Science degree and a Master of Science degree from the University of Sydney, and is a graduate of the Nuclear Science and Engineering Program at the Australian School of Nuclear Science and Engineering and of the Senior Executive Program at Stanford University.
- Mr. Ken Williamson, Non-Executive Director
- Mr. Williamson is a corporate director and former investment banker. He joined investment bank Midland Doherty in 1980 and continued with the same organization through a series of mergers and acquisitions until after it was acquired by Merrill Lynch in 1998. Mr. Williamson has served as a director of numerous public companies, including Quadra FNX Mining Ltd. (a copper mining company) from August 2004 to March 2012 (when it was acquired by KGHM Polska Miedź S.A., a copper and silver mining company), Blackrock Ventures Inc. (an oil sands company) from May 1999 to May 2006, Glamis Gold Ltd. (a gold mining company) from April 1999 to November 2006, and Bioteq Environmental Technologies Inc. (an industrial wastewater treatment company) from April 2001 to May 2010, and is currently an independent non-executive director of two other public companies, Goldcorp Inc. (a gold mining company) and Tahoe Resources Inc. (a silver mining company). Mr. Williamson holds a Bachelor of Applied Science degree from the University of Toronto, a Master of Business Administration degree from the University of Western Ontario, and has been a Professional Engineer in Ontario since 1975.
- Mr. Ilya Yampolskiy, Non-Executive Director
- Mr. Yampolskiy was appointed Executive Vice-President, Corporate Development in January 2012, but has been a director of the Corporation since May 2010. He has also been the Deputy General Director of ARMZ since February 2008, the Deputy General Director, Development of ARMZ from July 2007 to February 2008, and the Deputy General Director, Corporate Management and Legal Matters of JSC Techsnabexport from July 2004 to July 2007. Mr. Yampolskiy holds a degree in law and doctorate in law from the Saint Petersburg State University.Principal occupation: Executive Vice-President, Corporate Development, Uranium One Inc.