Uranium One Acquires Energy Metals

On August 10, 2007, Uranium One Inc. completed its acquisition of all the outstanding common shares and options of Energy Metals Corp. (EMC) by way of a plan of arrangement. Under the arrangement, shareholders received 1.15 shares of Uranium One for each EMC share. As previously announced, the acquisition, valued at $1.6 billion, will result in EMC being a wholly owned subsidiary of Uranium One, making Uranium One the second largest publicly traded, pure uranium company in the world, with a pro forma market capitalization of US$7.8 billion.

Uranium One was represented in-house by John M. Sibley, executive vice-president, legal counsel and corporate secretary, and Lloyd Hong, vice-president, legal counsel and assistant secretary; in Canada by Fasken Martineau DuMoulin LLP, with a team that included John Turner, Gregory Ho Yuen, Paula Amy Hewitt and Stacey Stoneham (corporate/global mining); Mitchell Thaw (tax); Huy Do (competition/Investment Canada); and in the United States by Dorsey & Whitney LLP, with a team that included Christopher Doerksen, Randal Jones and Lisa Luebeck (corporate); William Prince and Wells Parker (mining and environmental); John Hollinrake Jr. (tax); Nelson Dong (competition/Hart Scott/Exon Florio) and Michael Lindsay (competition).

EMC was represented in Canada by Stikeman Elliott LLP, with a team that included John Stark, John Anderson, Jennifer MacGregor-Greer, Beayue Louie and Shona Sinclair (corporate); Neville McClure (mining); Shawn Neylan (regulatory); and Dean Kraus and Katy Pitch (tax); and in the United States by Davis Wright Tremaine LLP, with a team that included Michael Phillips and Brian Buckham (corporate/securities); Brian Todd and Monica Gianni (tax); and Alison Davis and Gwen Fanger (competition/Hart Scott/Exon Florio).