By Michael Susin
Kazatomprom said it obtained a new license for uranium exploration at the Inkai-Mynkuduk block in the Suzak district of Turkestan, Kazakhstan.
The world's top uranium producer on Thursday said the exclusive license allows uranium exploration for six years with a possibility of a five-year extension.
The Kazakhstan state-owned miner said preliminary data shows that inferred uranium resources are estimated at more than 20,000 tons.
"Our estimates provide comfort for the block's potential, marking Inkai-Mynkuduk as a promising asset for long-term development," Chief Executive Meirzhan Yussupov said.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
January 30, 2025 03:38 ET (08:38 GMT)
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