BAKU, Azerbaijan, October 23. Kazatomprom will
convene an Extraordinary Basic Assembly of Shareholders (EGM) in
absentia to rethink a serious interested-party transaction
concerning the availability of pure uranium concentrates (U3O8) to
Uranium One Group JSC, in accordance with the corporate.
The initiator of the EGM is Kazatomprom’s Board of Administrators.
The listing of shareholders entitled to take part within the assembly
might be drawn up as of November 17, 2026. The interval for submitting
absentee voting ballots will run from November 25, 2026, till
18:00 (Astana time) on December 9, 2026, with the votes scheduled
to be counted by 18:00 on December 10, 2026.
The merchandise on the agenda covers the execution of a serious
transaction involving Kazatomprom’s curiosity — a contract for the
bodily provide of pure uranium focus within the type of U3O8
to Uranium One Group JSC.
Kazatomprom beforehand reached an settlement with Uranium One for
the sale of pure uranium concentrates by way of bodily supply.
Uranium One accepted the corporate’s business supply throughout its
validity interval, after which the events mutually agreed on the
draft contract.
The transaction was beforehand submitted for shareholder
approval at an earlier EGM (minutes No. 5 dated October 7, 2026).
Nevertheless, a call was not adopted at the moment, as holders of
88.34% of the voting shares abstained from voting.
The corporate initiated a re-examination of the deal following
technical amendments. Kazatomprom emphasised that the proposed
edits don’t have an effect on the fabric circumstances of the deal, leaving
business and different key parameters unchanged and according to
prevailing market circumstances.
Pursuant to Kazakh laws, data supplies concerning
the agenda gadgets might be accessible to shareholders no later than
10 calendar days earlier than the EGM on the firm’s registered
headquarters in Astana.
Kazatomprom is the world’s largest producer of uranium, with the
firm’s attributable manufacturing representing roughly 20% of
whole international main uranium output in 2025. The group possesses
the biggest uranium useful resource base within the trade. Kazatomprom,
along with its subsidiaries, associates, and joint ventures, is
creating 27 deposits organized into 14 uranium mining belongings. All
uranium mining operations are situated within the Republic of Kazakhstan
and make the most of the in-situ restoration (ISR) know-how, putting a robust
emphasis on main well being, security, and environmental (HSE)
practices.
