Mr. Persinko and Mr. Torres:
This letter is written to inform the U.S. Nuclear Regulatory Commission (“NRC”) of a proposed transaction between Uranium One Inc. (“U 1Inc.”) and JSC Atomredmetzoloto (“ARMZ”). Included is a description of the proposed transaction and a discussion of the effect of the proposed transaction on the NRC licenses and applications held by U1 Inc. and its subsidiaries.
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