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

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 ShareUranium One Inc. 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.

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Alhambra Resources Ltd.

Alhambra Resources Ltd.Alhambra Resources Ltd. (TSX VENTURE:ALH) (“Alhambra” or the “Corporation”) is pleased to provide an exploration update at its 100% owned Zhanatobe project area (“Zhanatobe”). Zhanatobe is one of Alhambra’s 2010 early stage exploration targets within the Corporation’s 100% owned, 2.7 million acre, Uzboy Project located in north central Kazakhstan (see Figure 1).

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Kazatomprom mines demand for peer pricing

Kazatomprom mines demand for peer pricingKazakh uranium producer Kazatomprom issued a $500m debut deal flat to a better know peer’s curve this week, underlining how rare borrowers can still get new debt issues away at attractive levels. Leads BNP Paribas and JPMorgan priced the five year bond — likely to be the company’s only offering for at least two years — to yield 6.5%, 424bp over US Treasuries.

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