Armenia & Russia to Seek Uranium

Yes, in Armenia.

...the two sides will set up a joint venture that will explore areas in the southeastern Syunik region which Armenian and Russian geologists believe are rich in uranium. He was confident that they will discover commercially viable reserves of the radioactive metal used in nuclear power generation.

"Armenia will be able to meet its needs and sell [uranium] to others..."

As long as the environmental impact is well understood and managed, the latter being highly unlikely, exporting Uranium can be lucrative for Armenia. Global prices for a pound - that's 450 grams - of Uranium are currently hovering around $75 and a further escalation towards or even past $100/pound is expected.

Source: ArmeniaLiberty