| Fri 11 Feb 2011, 15:35 | | UUU - Uranium One Inc - Uranium One Names Scott Melbye as executive vice |
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UUU - Uranium One Inc - Uranium One Names Scott Melbye as executive vice
President, marketing
Uranium One Inc
(Incorporated in Canada)
(Registration number: 15096422420)
Share code on the JSE: UUU & ISIN: CA91701P1053
Share code on the TSX: UUU & ISIN: CA91701P1053
Uranium One Names Scott Melbye as Executive Vice President, Marketing
Vancouver, British Columbia and Johannesburg, South Africa - Uranium One Inc.
today announced that Scott Melbye will join the Company in May as Executive Vice
President of Marketing.
Mr. Melbye has 27 years of experience in uranium trading, procurement and
marketing, having most recently served as President of Cameco, Inc., a
subsidiary of Cameco Corporation, where he was responsible for managing the
company`s world-wide uranium marketing and trading activities. Mr. Melbye also
played a leading role in representing the Uranium Producers of America in its
discussions with the U.S. Department of Energy on the disposition of DOE`s
uranium inventories.
Prior to joining Cameco in 1989, Mr. Melbye held positions at Nukem, Inc., and
Arizona Public Service, where he was actively involved in trading and fuel
procurement, respectively. He is currently vice chair of the Board of Governors
of the World Nuclear Fuel Market, and holds a B.Sc. in Business Administration
from Arizona State University, with degree specialization in International
Business.
Chris Sattler, Chief Executive Officer of Uranium One, commented:
"I am delighted to have Scott join our senior management team. He brings
invaluable industry knowledge, experience and perspective, which will serve the
Company and its customers well as we continue to execute on our strategy of
becoming one of the world`s largest uranium suppliers."
About Uranium One
Uranium One is one of the world`s largest publicly traded uranium producers with
a globally diversified portfolio of assets located in Kazakhstan, the United
States, and Australia.
For further information, please contact:
Chris Sattler
Chief Executive Officer
Tel: + 1 416 350-3657
Rob Buchanan
Director, Investor Relations
Tel: + 1 416 350-3657
Cautionary Statement
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
Forward-looking statements: This press release contains certain
forward-looking statements. Forward-looking statements include but are not
limited to those with respect to the price of uranium, the estimation of
mineral resources and reserves, the realization of mineral reserve estimates,
the timing and amount of estimated future production, costs of production,
capital expenditures, costs and timing of the development of new deposits,
success of exploration activities, permitting time lines, currency fluctuations,
requirements for additional capital, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses, title disputes or
claims and limitations on insurance coverage and the timing and possible
outcome of pending litigation. In certain cases, forward-looking statements
can be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes" or variations
of such words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Uranium One to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. Such
risks and uncertainties include, among others, the completion of the
transactions described in this press release, the future steady state production
and cash costs of Uranium One, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project parameters
as plans continue to be refined, possible variations in grade and ore densities
or recovery rates, failure of plant, equipment or processes to operate as
anticipated, accidents, labour disputes or other risks of the mining industry,
delays in obtaining government approvals or financing or in completion of
development or construction activities, risks relating to the integration
of acquisitions and the realization of synergies relating thereto, to
international operations, to prices of uranium as well as those factors
referred to in the section entitled "Risk Factors" in Uranium One`s Annual
Information Form for the year ended December 31, 2009 and Management
Information Circular dated August 3, 2010, each of which is available on
SEDAR at www.sedar.com, and which should be reviewed in conjunction with this
document. Although Uranium One has attempted to identify important factors
that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Uranium One expressly disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.
For further information about Uranium One, please visit www.uranium1.com
Johannesburg
11 February 2011
Sponsor
Nedbank Capital
Date: 11/02/2011 15:35:02 Produced by the JSE SENS Department.
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