You're contacting media contact of this press release

Title: Kazatomprom Obtains a New Subsoil Use Agreement for Uranium Mining at Inkai 3 Deposit

Kazakhstan, 13th Jun 2024, King NewsWire - National Atomic Company “Kazatomprom” JSC announces it has signed a new subsoil use agreement for pilot production at Inkai 3 deposit. This strategic milestone was achieved in June 2024 as a result of direct negotiations with the Ministry of Energy of Kazakhstan. Pilot production is approved for up to four years with the total volume of 701 tU for the entire period of pilot production.Inkai deposit, one of the key uranium deposits in Kazakhstan, is located in the Suzak district of Turkestan region. Uranium resources at Inkai 3 deposit amount to 83.1 ktU.“This licence is important to our sustainable development strategy. Launch of pilot production at Inkai 3 will contribute to social and economic development of the Turkestan region. Replenishment of the mineral resource base will further bolster our position as a uranium industry leader and help us to meet the rising demand for clean energy”, – said Meirzhan Yussupov, CEO of Kazatomprom.The Company expects to transfer the Inkai 3 subsoil use contract to Kazatomprom-Sauran LLP, a 100%-owned subsidiary of Kazatomprom.For more information, please contact:Public Relations and Media InquiriesAskar Atagulin, Director, Public RelationsTel: +7 7172 45 80 63Email: pr@kazatomprom.kzInvestor Relations InquiriesBotagoz Muldagaliyeva, Director, Investor RelationsTel: +7 7172 45 81 80 / 69Email: ir@kazatomprom.kzA copy of this announcement is available at www.kazatomprom.kz.About KazatompromKazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 20% of global primary uranium production in 2023. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Ass...

This press release is issued by King Newswire