REG - JSC NAC Kazatomprom - Kazatomprom signs an MoU with Slovakia’s SEAS

NAK Kazatomprom AOAnnouncement

14/07/2025 08:30

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RNS Number : 9112Q  JSC National Atomic Co. Kazatomprom  14 July 2025

 AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

 

 

14 July 2025, Astana, Kazakhstan

Kazatomprom signs a Memorandum of Understanding with Slovakia's SEAS

National Atomic Company Kazatomprom JSC (Kazatomprom) announces the signing of
a Memorandum of Understanding (MoU) with Slovenské elektrárne a.s. (SEAS),
Slovakia's largest electricity producer, reflecting the mutual interest of
both parties in developing long-term cooperation in nuclear energy sector.

SEAS generates over 70% of Slovakia's total electricity supply and operates
two nuclear power plants - Bohunice and Mochovce - with a total of five
VVER-440 reactors. The majority shareholder of SEAS is Slovak Power Holding
(66%), while the Slovak government owns the remaining 34%, underlining the
strategic importance of the company to the country's energy security.

The MoU outlines the parties' intent to establish supplies of natural uranium
concentrate and potential deliveries of uranium dioxide (UO₂) for Slovak
nuclear power plants, as well as to explore additional areas of future
cooperation. This is the first official document signed between Kazatomprom
and SEAS, marking the beginning of a new phase of collaboration.

"By signing this memorandum we are taking an important step towards
strengthening cooperation with our European partners," said
Meirzhan Yussupov, CEO of Kazatomprom. "Nuclear energy plays a key role in
ensuring sustainable energy supply in Slovakia. We believe this memorandum
will lay the foundation for strong and mutually beneficial relations between
our companies."

Mr. Branislav Strycek, CEO and Chairman of the Board of Directors of SEAS, in
turn, emphasized the strategic importance of diversifying nuclear fuel supply
sources and expressed confidence in the prospects of the long-term cooperation
with Kazatomprom - the world's largest producer of natural uranium.

The signing of this memorandum represents another step in Kazatomprom's
ongoing engagement with leading European utilities, reaffirming the Company's
commitment to expanding international partnerships, strengthening its presence
in the European market, and supporting the development of a sustainable
nuclear energy sector in the region.

For more information, please contact:

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80/69

Email: ir@kazatomprom.kz (mailto:ir@kazatomprom.kz)

 

Public Relations and Media Inquiries

Daniyar Oralov, Director, Public Relations

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz (mailto:pr@kazatomprom.kz)

 

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's
attributable production representing approximately 21% of global primary
uranium production in 2024. 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
(ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and the Astana
International Exchange. Kazatomprom is the national atomic company in the
Republic of Kazakhstan, the Group's primary customers are operators of nuclear
generation capacity, the principal export markets for the Group's products are
Asia, Europe and North America. 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, Trade House KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz
(https://www.kazatomprom.kz/en) .

Forward-looking statements

All statements other than statements of historical fact included in this
communication or document are forward-looking statements. Forward-looking
statements give the Company's current expectations and projections relating to
its financial condition, results of operations, plans, objectives, future
performance and business. These statements may include, without limitation,
any statements preceded by, followed by or including words such as "target,"
"believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan,"
"project," "will," "can have," "likely," "should," "would," "could" and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond the Company's control that could cause the
Company's actual results, performance or achievements to be materially
different from the expected results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements
are based on numerous assumptions regarding the Company's present and future
business strategies and the environment in which it will operate in the
future.

THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A
NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT
ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH
CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL
OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE
REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE
OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS
OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES
RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.

The information contained in this communication or document, including but not
limited to forward-looking statements, applies only as of the date hereof and
is not intended to give any assurances as to future results. The Company
expressly disclaims any obligation or undertaking to disseminate any updates
or revisions to such information, including any financial data or
forward-looking statements, and will not publicly release any revisions it may
make to the Information that may result from any change in the Company's
expectations, any change in events, conditions or circumstances on which these
forward-looking statements are based, or other events or circumstances arising
after the date hereof.

 

 

 

 

 

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