Does Russia Really Own 20% Of America’s Uranium Reserves?

OilPrice ^ | 05/07/2015 | Colin Chilcoat

[SeekAndFind]

Submitted by Colin Chilcoat via OilPrice.com,

Yes, well, sort of – and they have for some time now. It’s relatively old news, but a recent Times report and an upcoming book from the Hoover Institute’s Peter Schweizer have refocused attention on a 2008 blockbuster uranium deal involving Russia, the United States, and Canadian company Uranium One. Pushing connections and presidential candidacies aside – the Clintons’ complicity is still very much speculation at this point – lets return to the deal and take a look at the US nuclear industry and, globally, the rise of Rosatom.

The saga begins in 2009 when, after roughly a year of negotiations, Russian state nuclear corporation Rosatom, acting though its subsidiary and Mining Division platform ARMZ, purchased a nearly 20 percent stake in Toronto-based Uranium One. The following year, ARMZ increased its stake to more than 51 percent – a deal that required Kazakh and Canadian regulatory approvals in addition to clearance by the US Committee on Foreign Investment.

In 2013, ARMZ paid roughly $2.8 billion for the remaining 48 percent and full control of Uranium One. Finally, in that same year, Rosatom assumed direct ownership of the company, reorganizing it under Uranium One Holding (U1H) and delisting it from the Toronto stock exchange.

Among U1H’s assets are a handful of US projects and exploration tracts. The most advanced among them are Jab and Antelope, Moore Ranch, and Willow Creek – all of which are in Wyoming, developed under the auspices of Uranium One USA and Uranium One Americas. The Willow Creek project is their only currently active operation.

So, to further answer the lead question: Russia, via Rosatom and U1H, owns roughly 20 percent of US uranium production capacity. The share of US reserves is much less clear

[Don Corleone]

Does Russia Really Own 20% Of America’s Uranium Reserves?

At this point what does it matter...they already own 100 percent of the White House.

[mac_truck]

If that were true the United States wouldn’t still be kow-towing to the head-choppers in Saudi Arabia.

[alloysteel]

“Own” is a slippery term. There is Russian money invested in the ownership of US uranium mining stocks, and money obeys those who possess the money.

The much larger scandal here is that the Clinton family foundation has been getting bundling of money contributions from foreign sources, this while Herself, Madame Benghazi, the Cold & Joyless, was in a position of power within the US government, as Secretary of State, The receipt of this cash flow has inevitably made a discernible difference in what decisions on an international scale were made by both Herself and Slick, and the political positions they individually and collectively took on the resolution of problems that arose. Sometimes, singularly or both, the resolutions to these international problems did NOT work to the benefit of that nation once known as “the United States of America”.

And now Herself, in view of the damage already done, wants to take over the third term of the badly corrupted Current Regime?

This cannot end well. Either this blows up, and takes out Herself, Slick, and the Current Regime, or worse, by some fast manipulation of public opinion (read: getting a majority of low-information voters to the polls), Herself is elected to succeed the Current Regime now squatting in the White Hut.

I miss those halcyon days of Jimmy Carter.

[Repeal The 17th]

“...It’s relatively old news...The saga begins in 2009...”
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[McGruff]

Well mine are this big. I can do whatever I want. Who will stop me.