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…
President Kassym-Jomart Tokayev, currently on a working visit to New York, took part in a roundtable discussion with representatives of American businesses. The President noted the need to explore new opportunities in the field of geological exploration, expand existing projects, as well as in uranium mining and processing. Kazakhstan supplies about 40% of the global…
During the talks in Akorda, President of the Democratic Republic of the Congo Felix Tshisekedi spoke on the potential of cooperation with Kazakhstan in processing natural resources. “As for economic development, our cooperation is focused on very specific prospects. Now we want to structure our shared ambitions around several key areas. First and foremost –…
Kazakhstan and Jordan agreed to set up a joint venture for uranium deposits development, Chairman of the Board of Samruk-Kazyna Sovereign Wealth Fund Nurlan Zhakupov said. “Kazatomprom and Jordan’s Jumco national company will sign today an agreement on cooperation. According to the document, until the end of 2026, a joint venture will be set up,…
Uzbekistan is strengthening its position in the global uranium market and plans to significantly increase production volumes of this strategic resource in the coming years, the UzAtom Agency reports. Today, the country ranks among the global leaders in the uranium industry: it holds the second-largest reserves among CIS countries, the tenth-largest worldwide and is among…
Kazakhstan and China plan to co-develop a transboundary uranium field. The Satbayev Institute of Geological Sciences, China University of Geosciences (Beijing), the China National Nuclear Corporation (CNNC) and Xiamen Wanli Stone Co., Ltd signed a framework agreement on joint comparative research of transboundary strategic ore belts between Kazakhstan and China, Kazakh Invest NC JSC said.…
The South Jelken uranium deposit is nearing the final stage of preparation for industrial development. This was announced by Benoit Lemonne, CEO of the joint venture Nurlikum Mining, during the Tashkent International Investment Forum. Since its establishment in late 2019, Nurlikum Mining – a joint venture between French corporation Orano and the Uzbek state enterprise…
Reclamation of the uranium site in Min-Kush (Naryn region) will be completed in autumn. This was announced at a meeting of the Minister of Emergency Situations of Kyrgyzstan Boobek Azhikeev with the Deputy Director General of Rosatom State Corporation Nikolai Spassky. According to the press service of the Ministry of Emergency Situations, the main topic…