FTSE-destined uranium company hires Buchanan

Buchanan Communications is to advise a uranium company that is eyeing up a place in the FTSE 100.

Uranium One could be placed in the FTSE 100 when it lists in London later this year. The firm is benefiting from the increased focus on nuclear energy, as ­countries look to reduce energy costs and cut down on their use of carbon fuels.

The energy firm was formed by a merger between UrAsia Energy and SXR Uranium 1. Buchanan originally worked with UrAsia Energy, but has now been brought in by the newly formed mining giant. Uranium One was forced to delist from AIM because it was too large, but is now looking for a full London Stock Exchange (LSE) l­isting.

Buchanan has just advised it on a £780m purchase of US uranium firm Energy Metals Corporation (EMC), an acquisition which will see it pass the £3bn level and push into the FTSE 100 when it eventually lists.

Currently Uranium One has a primary listing in Toronto and maintains its secondary listing in Johannesburg, but wants to re-enter the UK market.

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