Uranium One reported operational and financial results for the year ending December 31, 2009, as well as production results for the first two months of 2010.

For the year 2009, Uranium One’s attributable production was 3.6 million pounds U3O8, an increase of 24% over attributable production of 2.9 million pounds U3O8 for 2008. The average cash cost per pound sold was $16 per pound during 2009, compared to $14 per pound during 2008. Revenue of $152 million in 2009 increased by 1% compared to $150 million in 2008, due to higher sales volumes offset by lower average realized uranium prices. The increase in total average operating expenses, combined with a 30% decrease in 2009 average realized sales prices compared to 2008, resulted in a 44% decrease in earnings from mine operations to $55 million in 2009 from $97 million in 2008.