Uranium One Names Scott Melbye as Executive Vice
President, Marketing
VANCOUVER, British Columbia
and JOHANNESBURG, / - 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 the 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.
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
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