October 16, 2019
Uranium One Group, a subsidiary of Russia's state-owned nuclear energy company Rosatom, could buy up to 51% of a lithium project in northern Chile from the Canadian mining company Wealth Minerals.
Uranium One and Wealth have signed a memorandum of understanding and are still discussing the commercial terms of the deal. If they come to an agreement, Uranium One will have the rights to buy all the lithium produced at the site, Wealth Minerals said in a press release.
The 46,200-acre site sits in t
Uranium One could buy up to 51% in a mining project in the Atacama salt flats from Canada's Wealth Minerals