AGE WEEKLY REPORT, page-275

Hope the field trial approvals come next week..

Investors Rush Into Uranium Miners on Kazakh Production Outlook

Shares of Canadian uranium miners rallied on Friday after the world’s largest producer of nuclear fuel slashed its production target for 2025, adding to long-standing concerns about short supply.

Kazatomprom says it produced about 20 per cent of the global uranium supply in 2023. On Friday, the Kazakhstan state-owned miner cut its target for next year by about 17 per cent. The company blames uncertainty around sulphuric acid supplies for 2025, and construction delays at its newly developed deposits, for the expected shortfall.