With seriously heavy heat coming down on the Clintons, from John Durham’s special investigation, it’s not surprising that the American tentacle of Uranium One is getting a shape-shifting new face. Everyone knows that Hillary and Bill Clinton handed a huge chunk of America’s energy interests to Vlad Putin on a silver platter and they got away with it cold.
Uranium One fades out quietly
Over the Christmas break, when nobody was paying a whole lot of attention to dry and dusty financial news, Uranium Energy Corp. was “pleased to announce” they “completed the transactions contemplated in the definitive share purchase agreement” and ended up holding “all of the issued and outstanding shares of Uranium One Americas, Inc.”
They picked it up for a bargain at “a total purchase price of $112 million in cash together with an additional $2.9 million in estimated working capital (primarily pre-paid insurance and land payments) and the assumption of $19 million in reclamation bonding.”
By the way, they mention in the release, “Uranium One is the world’s fourth largest uranium producer and part of Russia’s State Atomic Energy Corporation, Rosatom.” That happened after a quiet little business trip Bill Clinton made to Kazakhstan while Hillary was Secretary of State. On September 6, 2005, Bubba Clinton hooked up with Arkansas billionaire buddy Frank Giustra. “Along with an assistant to federal fugitive Marc Rich, who Clinton later pardoned on his last day of office, they met in Almaty, Kazakhstan. They were supposedly there to ‘help HIV/AIDS patients gain access to certain drug therapies,’ except Kazakhstan didn’t have an HIV/AIDS problem. What they did have was $5 trillion in resources, including uranium.”
They got the company so cheap they were able to pay for it out of petty cash, with a bundle left over. “The Acquisition was fully funded with UEC’s existing cash on hand. Subsequent to closing, UEC holds approximately $120 million of cash and liquid assets.”
President and CEO Amir Adnani’s face was lit up like a Christmas tree as he announced “we are very pleased to have closed this highly accretive transaction for UEC. The Acquisition doubles our production capacity in three key categories: total number of permitted U.S. ISR projects, resources, and processing infrastructure.” But wait, there’s more! By consolidating, they get Uranium One’s “advanced asset base.”
He notes that getting one “of this quality from one of the global leaders in the nuclear energy industry is highly unique.” Some say the Clinton Foundation is trying real hard to polish away the fingerprints so unloaded it on the first investor to come along, with deep enough pockets.
Pure play for a change
By absorbing Uranium One, along with it’s politically radioactive name, Adani plans to up production. He promises “ISR production profile increases to 6.5 million pounds U3O8 per year based on permitted and installed capacity of our Wyoming and South Texas hub-and-spoke operations.”
When you put that together with their “physical uranium holdings of 4.1 million pounds of U.S. warehoused uranium,” it means “we now have the unparalleled ability to provide reliable domestic supply to the U.S. Government as well as nuclear utilities while providing our shareholders exposure to the fastest growing, 100% unhedged and pure play uranium business.” Better yet, it’s “listed on the NYSE.”
Spencer Abraham, current UEC Chairman and former U.S. Energy Secretary, is breathing a heavy sigh of relief. It makes the administration look like they clawed back some of our lost Uranium One interests from Russia.
“We believe this acquisition will accelerate the development of domestic uranium production that can supply U.S. origin uranium for a full range of America’s uranium requirements.”
Everyone in the Imperial Palace is relieved to have some kind of good news to put out for a change, even if it is a sneaky coverup of Obama era shenanigans meant mostly to shield the Clintons from their Uranium One involvement.
“We are proud to be the Company to acquire these significant U1A uranium assets that increase U.S. uranium production capabilities and, by returning them to US ownership, strengthen America’s energy and national security.”