[1] ARMZ Uranium Holding Co. (Atomredmetzoloto, JSC) is a former state concern established in 1991, which evolved from the First Main Directorate of the USSR Ministry of Medium Machine-Building Industry.

The concern was an industrial complex comprising mining and processing enterprises located in six countries of the Commonwealth of Independent States (i.e., Russia, Ukraine, Uzbekistan, Kazakhstan, Tajikistan, and Kyrgyzstan).

In early August 2007, Atomenergoprom acquired a 100% stake in Atomredmetzoloto, which became Russia’s flagship uranium mining company.

The fundamental changes to restructure the nuclear industry were fraught with Atomenergoprom executed the consolidation of all uranium mining companies in Russia.

Although ARMZ was a majority shareholder of the Canadian Uranium One, holding a 51% stake, in January 2013 it acquired the remaining shares in the company, thus becoming its sole owner.

[7] During the field season of 2020, the international team was engaged to carry out Geological Prospecting activities which created a foundation for ARMZ to conduct an appraisal of mineral resources and reserves of the Pavlovskoye deposit in accordance with the JORC Code.