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Uranium One Inc.'s UUU-T joint venture with Kazatomprom will be honoured, according to a statement by the Kazakh state uranium giant whose former president is part of a government probe on allegations of embezzlement. Kazatomprom confirmed yesterday that it had met with numerous executives from its business partners around the world, including Uranium One. The announcement appeared to quell earlier fears that the Toronto-based uranium miner could be locked in an investigation that could've potentially taken years to wrap up. UUU (TSX) rose 15¢ to $2.83.

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