Kazatomprom Shareholders Approve Major Long-Term Uranium Supply Deal with India

National Atomic Company Kazatomprom JSC GDR RegS ( (NATKY) ) has issued an announcement.

Kazatomprom shareholders have approved a major transaction via an extraordinary general meeting, endorsing a long-term contract for the sale of natural uranium concentrates to India’s Directorate of Purchase & Stores under the Department of Atomic Energy. The resolution, which involves an asset value exceeding 50% of the company’s total book assets, passed with 92.9% of votes cast in favour, underscoring strong shareholder backing for expanding Kazatomprom’s long-term supply relationship with a key state-backed nuclear customer in India.

The EGM saw an exceptionally high participation rate, with 99.19% of voting shares represented, and no special opinions were recorded against the approved deal. The contract is expected to reinforce Kazatomprom’s role as a strategic fuel supplier to rapidly growing nuclear markets, deepening its presence in Asia and potentially enhancing revenue visibility through long-term uranium offtake into the Indian nuclear sector.

More about National Atomic Company Kazatomprom JSC GDR RegS

Kazatomprom is the world’s largest producer of uranium, accounting for about 20% of global primary uranium output in 2025. The Kazakh national atomic company operates 27 deposits grouped into 14 mining assets, all in Kazakhstan and using in-situ recovery technology, and supplies nuclear power plant operators across Asia, Europe, and the Americas under various contract types.

For a thorough assessment of NATKY stock, go to TipRanks’ Stock Analysis page.