(22 January 2026 | Source: Telegram channel Nege.Aqsha)
JSC National Atomic Company Kazatomprom has stated that it is not involved in the uranium exploration projects that the media linked to Canadian Laramide Resources Ltd.
The company said it is not participating in these initiatives and has no contractual or partnership relations with their participants, pointing to current regulatory restrictions.
WHAT KAZATOMPROM SAID
The Telegram channel Nege.Aqsha reports, citing Kazatomprom, that the company does not have and has never had any joint projects, agreements, or other business ties with Laramide Resources Ltd and Aral Resources Ltd. The projects mentioned in the publications are described as initiatives of third parties and, according to the company, are unrelated to Kazatomprom’s activities.
It was also noted that the national operator is not involved in the uranium exploration projects announced by Laramide and does not comment on the commercial decisions of companies with which it has no partnership or contractual relations.
LICENCES AND RIGHTS TO URANIUM
Kazatomprom clarified that the licences issued to Aral Resources Ltd for exploration of areas covering approximately 5.5 thousand sq km were for solid minerals and did not grant exclusive rights to uranium resources.
The company reminded that it historically holds priority rights to uranium extraction in Kazakhstan, and any third-party geological exploration participants are initially aware of the current regulatory restrictions.
BACKGROUND
Previously, Laramide Resources announced its withdrawal from the project for uranium exploration in the Chu-Sarysu Basin. The company terminated the option agreement with a local partner and ceased funding for geological exploration work in Kazakhstan.
The reason given for this decision was changes in legislation on subsoil use, which came into force at the end of 2025. According to Laramide’s assessment, the new requirements strengthened the mandatory participation of the national company Kazatomprom in new uranium projects, including early exploration stages, which negatively affected the project’s investment attractiveness.
As a result, the company announced a reallocation of resources and an intention to focus on uranium assets in the USA and Australia.