Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Uranium One Eyes Moscow Listing

Uranium One, a Vancouver-based producer controlled by Rosatom, is considering listing in Moscow to attract investors outside of North America.

"With the growth of nuclear power in Asia, we expect a lot of interest among Asian investors," Fletcher Newton, an executive vice president of the company, said in an interview Wednesday in Astana, Kazakhstan. "Most of our shareholders are in North America. We would like to expand our shareholder base, particularly in Asia. We are considering a listing in Moscow."

The company, which produces uranium at mines in Kazakhstan and Canada and is controlled by Russia's Uranium Holding ARMZ, isn't studying listing on an Asian exchange, he said.

Uranium One became the first North American mine operator to be controlled by a Russian state company, according to Troika Dialog. ARMZ is part of Rosatom, which is seeking to boost sources of uranium to supply nuclear reactors it is building outside the country.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more