Quarterly Report for the Quarter Ended December 31, 2016 (The “Original Report”)
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CAUTIONARY STATEMENT: This is a translation from Russian of Uranium One Inc.’s quarterly report for the quarter ended December 31, 2016 (the “Original Report”). The Original Report was prepared, published and filed as required by Russian securities laws and the rules of the Moscow Exchange. This translation is provided for convenience only. The operating and financial results of Uranium One Inc. presented in this report for the quarter ended December 31, 2016 are unaudited. Approved on “ 10 ” February 20 17 Board of Directors (name of the Issuer’s authorized body approving the report) Minutes dated “ 10 ” February 20 17 No. n/a (mark of approval to be placed on the front page of the of the quarterly report if the Charter (or other constitutive documents) or other internal documents of the Issuer provide for approval of the quarterly report) QUARTERLY REPORT Uranium One Inc. (full corporate name of the Issuer (name of a non-profit organization)) Issuer’s Code: - - - - - - - th 4 quarter 20 16 Location of the issuer: 333 Bay Street, Suite 1200, Toronto, Ontario, M5H 2R2 Canada (location of the Issuer (location of the permanent management body of the Issuer (or another person authorized to act on behalf of the Issuer without a power of attorney)) Information contained in this quarterly report is subject to disclosure under the Russian law on securities “Eduards Acting Chief Executive Officer Smirnovs” Eduards Smirnovs (position of the Issuer's manager) (signature) (Full name) Date “ 10 ” February 20 17 Not applicable (position of the Issuer’s officer acting as Chief Accountant of the Issuer) (signature) (И Full name) Date “ ” 20 Stamp Here Contact person: Bozidar Crnatovic (position of person responsible for the quarterly report, first name, last name, patronymic name) Telephone: 1-647-788-8460 (phone number (numbers) of the contact person) Fax: 1-647-788-8501 (fax number (numbers) of the contact person) - 1 - E-mail: [email protected] (E-mail of the contact person (if any)) web page used by the Issuer for disclosures of www.uranium1.com this quarterly report information www.interfax.ru - 2 - Table of Contents FORWARD-LOOKING STATEMENTS AND OTHER INFORMATION ........................................... 6 I. Information Concerning the Issuer’s Auditor (Audit firm), Appraiser and Financial Advisor and Individuals Who Signed the Quarterly Report .................................................................. 8 1.1. Bank Account Details of the Issuer ................................................................................................... 8 1.1(a) Current Accounts .................................................................................................................. 8 There has been no change in the information provided under this item during the reporting quarter. .... 8 1.2. Information Concerning the Issuer’s Auditor (Audit Firm) .............................................................. 8 1.3. Information Concerning the Issuer’s Appraiser(s) .......................................................................... 10 There has been no change in the information provided under this item during the reporting quarter. .. 11 1.4. Information Concerning the Issuer’s Advisors................................................................................ 11 1.5. Information Concerning Individuals Who Signed the Quarterly Report ........................................ 12 II. Basic Information Concerning the Financial and Economic Condition of the Issuer ....... 13 2.1. Financial and Economic Performance Indicators of the Issuer ....................................................... 13 2.2. Market Capitalization of the Issuer ................................................................................................. 13 2.3. Liabilities of the Issuer .................................................................................................................... 13 2.3.1. Borrowings and Accounts Payable .......................................................................................... 13 2.3.2. Credit History of the Issuer ...................................................................................................... 13 2.3.3. Liabilities of the Issuer with Regard to Collateral Provided by the Issuer .............................. 21 2.3.4. Other Liabilities of the Issuer ................................................................................................... 21 2.4. Risks Associated with the Acquisition of Securities Being Placed ................................................. 22 2.4.1. Industry-Specific Risks ............................................................................................................ 22 2.4.2. Country and Regional Risks .................................................................................................... 23 2.4.3. Financial Risks ......................................................................................................................... 23 2.4.4. Legal Risks............................................................................................................................... 24 2.4.5 Reputation Risk ......................................................................................................................... 24 2.4.6 Strategic Risk ............................................................................................................................ 24 2.4.7 Risks Associated with the Issuer’s Activities ........................................................................... 24 2.4.8. Banking Risks .......................................................................................................................... 24 3.1. Information Concerning the Issuer’s Establishment and Development .......................................... 25 3.1.1. Data Concerning the Issuer’s Company Name ........................................................................ 25 3.1.2. Information Concerning the Issuer’s State Registration .......................................................... 31 3.1.3. Information Concerning the Issuer’s Establishment and Development ................................... 31 3.1.4. Contact Details ......................................................................................................................... 39 3.1.5. Taxpayer Identification Number .............................................................................................. 39 3.1.6. Branches and Representative Offices of the Issuer .................................................................. 39 3.2. Core Business Activities of the Issuer ............................................................................................. 40 3.2.1. Principal Areas of the Issuer’s Economic Activities ................................................................ 40 3.2.2. Core Business Activities of the Issuer ..................................................................................... 40 3.2.3. Materials, Goods (Raw Materials) and Suppliers of the Issuer................................................ 40 3.2.4. Target Markets for the Issuer’s Products (Work, Services) ..................................................... 40 3.2.5. Information Concerning the Issuer’s Permits (Licenses) or Admissions to Certain Types of Works ................................................................................................................................................. 42 3.2.6. Information on the Activities of Certain Categories of Issuers ................................................ 43 3.2.7. Additional Information on Issuers Whose Core Business Is the Extraction of Mineral Resources ........................................................................................................................................................... 43 Akdala Uranium Mine - Kazakhstan ...................................................................................... 44 South Inkai Uranium Mine - Kazakhstan ............................................................................... 44 Karatau Uranium Mine - Kazakhstan..................................................................................... 44 Akbastau Uranium Mine - Kazakhstan .................................................................................. 44 Zarechnoye Uranium Mine - Kazakhstan .............................................................................. 44 Kharasan Uranium Mine - Kazakhstan .................................................................................. 45 Willow Creek Uranium Mine – United States ....................................................................... 45 3.2.8. Additional Information on Issuers Whose Core Business Is the Provision of Communication Services .............................................................................................................................................. 45 3.3. Plans for Future Activities of the Issuer .......................................................................................... 46 - 3 - 3.4. Participation of the Issuer in Banking Groups, Banking Holding Companies, Holdings and Associations ........................................................................................................................................... 46 3.5. Controlled Entities of the Issuer Which Are Materially Important For the Issuer .......................... 46 There has been no change in the information provided