Uranium One Inc. and Energy Metals Corporation (“EMC”) are pleased to announce that the two companies have signed a definitive agreement whereby Uranium One will acquire all of the shares of EMC. The acquisition will dramatically enhance Uranium One’s asset portfolio in the United States and solidify the new Uranium One’s ability to build a leading U.S. uranium producer.

Areva acknowledged Olkiluoto-3 will take six years to complete, instead of the original target of four years or the more recent estimate of 5.5 years. As recently as late April, Areva officials said the commercial service date was still the turn of 2010-2011, or about 67 months after the May 2005 construction start. In an August 10 statement, Areva said commercial operation is likely to start in 2011. "De facto, its construction period will be six years, which is equal to the worldwide average construction time," it said.

Japan's Toshiba Corp. sold a 10 percent stake in U.S. nuclear power plant builder Westinghouse to Kazakh uranium producer Kazatomprom for $540 million on Monday.The deal underscores the Central Asian state's growing clout. Japan generates 25 percent of its electricity from nuclear power and has been courting Kazakhstan as a uranium supplier.