President Kassym-Jomart Tokayev today received Meirzhan Yussupov, CEO of Kazatomprom, who briefed him on the Company’s current operations and the progress of its strategic priorities.
Mr. Yussupov provided an update to the President on ongoing efforts, including the establishment of a state strategic uranium reserve, as outlined in the State of the Nation Address. Kazatomprom continues to expand its mineral resource base, laying the grounwork for this initiative. The Company is currently conducting geological exploration across six areas spanning a total of more than 1,000 square kilometers and plans to commence exploration at the new prospective Kyzyltu area, which covers 124 square kilometers.
Kazatomprom is also strengthening its position in the international market by deepening cooperation with leading global nuclear industry players and diversifying its customer base. In 2026, the Company secured new supply agreements for natural uranium with major utilities in India and China.
The President was also briefed on Kazatomprom’s nuclear fuel cycle (NFC) operations and its strategic roadmap for future expansion. In line with the execution of its 2025–2034 Development Strategy, the Company is actively evaluating opportunities to broaden its footprint across the NFC value chain, strictly guided by economic feasibility and market dynamics.
The CEO also outlined the development of Kazatomprom’s scientific and technological capabilities. The Company conducts research aimed at enhancing the efficiency of uranium production and advancing technologies for the associated recovery of rare and rare-earth metals.
Particular attention during the meeting was focused on Kazatomprom’s contribution to the socio-economic development of its regions of operation. As part of a large-scale program for the construction of social and infrastructure facilities implemented in accordance with the directives of the Head of State, the Company allocated more than KZT 13 billion for these purposes in 2026. These funds are directed toward projects in healthcare, education, and sports, contributing to an improved quality of life for the population.
Following the meeting, the Head of State issued several directives aimed at further developing the resource base, expanding international cooperation, and implementing key social initiatives.
For more information, please contact:
Public Relations and Media Inquiries
Daniyar Oralov, Director of Public Relations
Tel: +7 (7172) 45 80 63
Email: pr@kazatomprom.kz
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director of Investor Relations
Tel: +7 (7172) 45 81 80 / 69
Email: ir@kazatomprom.kz
About Kazatomprom
Kazatomprom is the world’s largest producer of uranium, with the Company’s attributable production representing approximately 20% of global primary uranium production in 2025. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety, and environment standards.
Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan. The Group’s primary customers are operators of nuclear power plants, the principal export markets for the Group’s products are countries in Asia, Europe, and the Americas. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, TH Kazakatom AG (THK).
For more information, please see the Company’s website at www.kazatomprom.kz.
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