C29 Metals

MOU Signed with Volkov Geology

C29 Metals appoints Volkov Geology a 100% owned Subsidiary of Kazatomprom the National Uranium producer.

C29 Metals Limited (“C29” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU) with Volkov Geology a 100% owned subsidiary of Kazatomprom the National and only Uranium producer of Kazakhstan. C29 Metals anticipates signing a commercial agreement in the coming weeks.


HIGHLIGHTS

  • C29 Metals signs an MOU with Volkov Geology. C29 Metals anticipates signing a commercial agreement in the coming weeks.
  • Volkov Geology is a 100% owned subsidiary of Kazatomprom the National & only Uranium producer of Kazakhstan.
  • Volkov Geology manages all geological, study and drilling services for Kazatomprom.
  • Volkov Geology is a major company in Kazakhstan with approximately 4,500 employees and is the largest driller in Kazakhstan by annual drill metres.
  • In consultation and coordination with C29 Metals Exploration Manager Volkov Geology will provide geological services.

Volkov Geology manages all geological, study and drilling services for Kazatomprom. Volkov Geology is a major company in Kazakhstan with approximately 4,500 employees it is the largest driller in Kazakhstan by annual drill metres.

Volkov Geology has a very deep Uranium exploration and mining history dating back approximately 75 years and owns and operates certified laboratories and has the full technical capability in house.

Volkov Geology will provide oversight and technical geological services in consultation and co- ordination with C29 Metals Exploration Manager for the upcoming drill program anticipated to commence in November 2024. Volkov Geology holds the Uranium permits required for the drilling and transportation of Uranium and will ensure strict compliance with all regulations during the drilling program.

Volkov Geology’s scope does not include the drilling and geophysical surveys of drill holes outlined for the initial 2024 drill program an independent drilling contractor will be appointed. Moving into 2025, C29 Metals anticipate that Volkov Geology’s scope of works will expand in particular into studies, geological modelling and resource estimation.

Commenting on the signing of the MOU, Mr Shannon Green, said:

“This is a significant milestone for the company to have Volkov Geology join us as our geological partner is quite simply an incredible step forward as we rapidly advance towards our stated goal of becoming a globally significant Uranium development company.”

Figure 1: C29 Metals & Volkov Geology MOU Signing Ceremony

Project Location and History

The Ulytau Uranium Project is located in the Almaty Region of Southern Kazakhstan approximately 15 km southwest of the Bota-Burum mine, one of the largest uranium deposits mined in the former Soviet Union. Exploration for uranium has been carried out in the area since 1953. Production of Uranium at the Bota Burum mine next to the village of Aksuyek commenced in 1956 and continued until 19911.


Click here for the full ASX Release

This article includes content from C29 Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

C29:AU
C29 Metals

C29 Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
C29 Metals

C29 Metals


Keep reading...Show less

Uranium exploration in top producing, mining-friendly jurisdiction of Kazakhstan

Abstract financial chart with industrial imagery and global map background.

Uranium Price Update: Q2 2025 in Review

The uranium market entered Q2 on shaky footing, with spot prices slipping to around US$63.50 per pound (March 13)—the lowest level in 18 months—as utilities hesitated to contract amid ample secondary supply and demand uncertainty.

By early June, however, spot prices rebounded to the US$70–US$71 per pound range, buoyed by geopolitical tailwinds and renewed nuclear policy support in the US.

While the spot market showed typical volatility, long-term contract prices remained stable around US$80 for the first six months of the year, underscoring producer discipline.

Keep reading...Show less
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

GTI Energy (GTR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow Report

Download the PDF here.

Peter Grandich, gold bars.

Peter Grandich: Copper, Uranium in "Perfect Storm," My Strategy Now

Peter Grandich of Peter Grandich & Co. underscored the fundamentals of the uranium market and his expectations for equities.

"I don't think uranium has to go to US$200 in order to make money,” Grandich said. "I just think it needs to go back to where it was a couple years ago, a little above US$100, and these stocks will quadruple."

Keep reading...Show less
GTI Energy (ASX:GTR)

GTI Energy


Keep reading...Show less
Terra Clean Energy (CSE:TCEC)

Terra Clean Energy Corp. to Present at Emerging Growth Conference

TERRA CLEAN ENERGY CORP. (“ Terra ” or the “ Company ”) (CSE: TCEC, OTCQB: TCEFF , FSE: C 9O0) , is pleased to announce that it has been invited to present at the Emerging Growth Conference on August 21, 2025 at 10:15 a.m.

The Company invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation on the Emerging Growth Conference. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with Greg Cameron, CEO, in real time. Mr. Cameron will perform a presentation and may subsequently open the floor for questions. Please submit your questions in advance to Questions@EmergingGrowth.com or ask your questions during the event and Greg Cameron will do his best to get through as many of them as possible.

Keep reading...Show less
xU3O8 (uranium.io)

xU3O8 (uranium.io)

Keep reading...Show less
C29 Metals

C29 Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×