By Adria Calatayud
Kazatomprom and Jordan Uranium Mining Co. plan to jointly study uranium exploration and mining projects in Jordan, the companies said.
The Kazakhstan state-owned miner, the world's top uranium producer, said Wednesday that it signed a memorandum of understanding and cooperation with Jumco to assess potential for development of uranium exploration and mining projects in Jordan.
The partnership strengthens Kazakhstan's position in the global uranium industry, Kazatomprom Chief Executive Meirzhan Yussupov said. For Jumco, the agreement sets the stage to potentially accelerate its pace toward commercial production of uranium in Jordan, said Mohammad Al-Shannag, the company's general manager.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
February 19, 2025 05:54 ET (10:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.