First Uranium announces the sale of all of its principal operating assets, arrangement for a $10 million bridge loan facility and proposed reorganization proceedings and withdrawal of cautionary announcement

All amounts are in US dollars unless otherwise noted.

First Uranium Corporation (TSX: FIU) (JSE: FUM) (ISIN: CA33744R1029) ("FIU" or the "Company") today announced that it has entered into agreements with respect to two separate transactions which provide for the sale of Mine Waste Solutions and its subsidiaries ("MWS") and its Ezulwini Gold Mine and related assets ("Ezulwini") and will hold a shareholders meeting to approve these transactions and a reorganization of the Company.

Published: 02 March 2012
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Kivalliq Energy Corporation: Lac Cinquante Resource Increases by 92% to 27.13 Million lbs U3O8

Kivalliq Energy Corporation (TSX VENTURE:KIV.V - News) (the "Company" or "Kivalliq") today announced a significant increase in the NI 43-101 compliant Mineral Resource estimate for the Lac Cinquante uranium deposit, located within Kivalliq's 225,000 acre Angilak Property in Nunavut, Canada. The Company has received a summary report from Robert Sim, P.Geo. of SIM Geological Inc. that describes an Inferred Mineral Resource Estimate of 1,779,000 tonnes grading 0.69% U3O8, totalling 27.13 million lbs U3O8 (15.2 lbs U3O8/tonne) at a 0.2% U3O8 cut-off grade.

Published: 17 January 2012
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Uranium One Announces Record Production and Sales for 2011 and Extends Mantra Option

Uranium One Inc. today announced record production of 10.7 million pounds and record sales of 9.9 million pounds for the full year 2011. Uranium One also announced that, under the terms of the previously disclosed Mantra option agreement between the Company and its 51% shareholder ARMZ, it has elected to pay US$150 million to ARMZ which will both extend the term of the Mantra purchase option from June 7, 2012 to June 7, 2013 and result in Uranium One acquiring a 13.9% stake in Mantra from ARMZ. 

Production
Attributable production for 2011 increased by approximately 45% to a record of 10.7 million pounds U3O8, compared to 7.4 million pounds produced in 2010.  During the fourth quarter of 2011, attributable production was a record 3.4 million pounds U3O8, an approximate 62% increase compared to 2.1 million pounds produced during the fourth quarter of 2010.

Published: 16 January 2012
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Uranerz Signs Processing Agreement with Cameco

Uranerz Energy Corporation ("Uranerz" or the "Company") (TSX: URZ.TO - News)(AMEX: URZ.TO - News)(Frankfurt: U9E.F - News) is pleased to announce that it has signed a processing agreement with Cameco Resources ("Cameco"), a wholly-owned Wyoming subsidiary of Cameco Corporation, the world's largest publicly-traded uranium company.

Under the agreement, Uranerz will deliver uranium-loaded resin produced from the Company's Nichols Ranch in-situ recovery ("ISR") mining operations to Cameco's Smith Ranch Highland uranium mine for final processing into dried uranium concentrate packaged for shipping to a converter. The processing of Uranerz' loaded resin at Cameco's facility will not change the Company's production plans. "Uranerz will retain the regulatory and physical flexibility to install a full processing plant at the Nichols Ranch ISR mine at a later date if it chooses to do so," explains Uranerz Executive Vice President and Chief Operating Officer, George Hartman.

Published: 30 November 2011
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Cameco Increases Offer For Hathor To $4.50 In Cash Per Share

--  Premium of 8.4% over Rio Tinto's offer for Hathor
--  Offer set to expire at 12:01 a.m. (Vancouver time) on November 29, 2011

Cameco (TSX: CCO.TO - News) (NYSE: CCJ - News) announced today that it has increased its all-cash offer to acquire all of the outstanding shares of Hathor Exploration Limited to $4.50 per share, which values the fully diluted share capital of Hathor at approximately $625 million.(1) Cameco's increased offer will expire at 12:01 a.m. (Vancouver time) on November 29, 2011, unless further extended or withdrawn.

"Cameco's increased offer to Hathor shareholders provides an attractive premium over Rio Tinto's offer and makes sense for Cameco given our unique position in the Athabasca Basin," said Tim Gitzel, president and CEO of Cameco.

Published: 14 November 2011
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  1. Uranium Resources Inc ( URRE )
  2. Hathor Exploration Limited ( HAT )
  3. Hathor Exploration Limited ( HAT )
  4. Hathor Exploration Ltd ( HAT )
  5. Strathmore Minerals Corp ( STM )