By Dave Brown - Exclusive to Uranium Investing News On Monday Uranium One (TSE: UUU) (JNB: UUU) reported record production and sales for the fourth quarter and for the full year 2010. Attributable sales volume represented a 116 percent increase for 2010, with sales of 6.9 million pounds of uranium, compared to 3.2 million pounds in the previous year. During the fourth quarter attributable sales volume was 2.9 million pounds of uranium, representing a 93 percent increase in sales compared with 1.5 million pounds during the same period last year and a 71 percent increase compared with 1.7 million pounds sold during the third quarter of 2010. The company indicated solid attributable production for 2010 which increased by 106 percent to 7.4 million pounds of uranium, compared with 3.6 million pounds produced in the previous year. A Good Start for 2011 Uranium One has started production at its Christensen Ranch uranium mine in southwest Campbell County, making it the first operating uranium mine in Campbell County in more than a decade. The spot market price of uranium cost less than $10 per pound when the Christensen Ranch mine shut down in the late 1990s; however, the price of uranium appreciated to more than $130 per pound in 2007 before falling to less than $40 in 2008 and 2009. Uranium One has plans to start construction on another uranium mine in southern Campbell County on the Moore ranch in April. The Nuclear Regulatory Commission issued Uranium One a materials license for the Moore Ranch facility in October. The license, which authorizes Uranium One to operate its facility, is a significant step in opening the mine. The company has also opened its Irigaray processing plant just across the border in Johnson County. The Irigaray plant now processes the uranium ore from the Christensen Ranch facility into yellowcake uranium.