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Russia and Mongolia Approve the Terms and Conditions of Dornod Uranium Joint Venture
- LLC MonAtom will hold 51% in LLC Dornod Uranium, JSC Atomredmetzoloto will hold 49%;
- The parties will contribute their stakes in the existing Russian-Mongolian JVs into the charter capital of the new JV, as well as cash, rights to develop uranium properties in Mongolia and other assets pro rata to their equity interests;
- The Board of Directors of Dornod Uranium will consist of 10 members, 5 to be nominated by LLC MonAtom and 5 – by JSC Atomredmetzoloto;
- JSC PIMCU (Priargunsky) will be appointed the operator for Dornod Uranium.