Kazakhstan: Laramide withdraws from uranium deposit development project due to Kazatomprom’s increased stake

Canadian mining company Laramide Resources announced the termination of its agreement with Aral Resources for the Chu-Sarysu uranium deposit development project in Kazakhstan. Laramide Resources cites changes to subsoil use legislation, approved by the President of Kazakhstan on December 26, 2025, as the main reason for its withdrawal from further participation in Kazakhstani projects. The…

Central Asia: IAEA approves uranium cleanup plan

The International Atomic Energy Agency (IAEA) has adopted a new strategy for the reclamation of uranium waste in Central Asia, spanning up to 2030. The strategic plan covers Kyrgyzstan, Tajikistan, and Uzbekistan and provides for cooperation with international financial and specialized organizations. The document aims to gradually clean up and restore areas affected by uranium…

Kazakhstan: uranium reserves surpass 2 million tons

Kazakhstan’s probable uranium reserves exceed 2 million tons, Energy Vice Minister Yerlan Akbarov has revealed at a plenary session of the Kazakh Senate. He announced Kazakhstan’s prospective uranium reserves surpassed more than 2 million tons. There are nine uranium provinces in Kazakhstan, including the Shu-Sarysu and Syrdarya basins, which are mainly represented by hydrogenic deposits.…

Kazakhstan: Yellow Cake raises $175 million to fund uranium purchases from Kazatomprom

London-listed uranium investment company Yellow Cake plc has successfully raised approximately $175 million through the placement of 22.98 million new ordinary shares. The offering, initially expected to bring in around $125 million, was upsized due to strong institutional investor demand. Shares were priced at GBP 5.64 each. According to Yellow Cake Chief Executive Officer Andre…