A subsidiary of China National Nuclear Corp will acquire Khan Resources, a Canadian uranium ore miner, for C$56.5 million, which gives it mining rights in the Dornod uranium mine in Mongolia.

Khan Resources declined an acquisition offer from Russia’s Atom Red Met Zoloto in December last year. It holds a 58% stake in the Dornod mine, and it has been asking the Mongolian government to renew its mining permit since the latter decided to exercise control over domestic uranium mining.