C29 Metals partners with Volkov Geology

C29 Metals (ASX:C29) has entered into a Memorandum of Understanding with Volkov Geology, a subsidiary of Kazatomprom. This partnership aims to advance C29's uranium projects, particularly the Ulytau Uranium Project in Southern Kazakhstan. Volkov will provide geological services for C29's upcoming drill program, starting November 2024.

Outlook for C29 Metals and Volkov partnership

C29 Metals has signed an MOU with Volkov Geology to enhance its uranium exploration efforts in Kazakhstan. Volkov, with 75 years of experience, will provide geological support for C29's projects, particularly the Ulytau Uranium Project. The MOU sets the stage for a formal agreement, expected soon, expanding Volkov's future role to include studies and resource estimation. Community engagement and regulatory compliance are integral to this partnership, which underscores C29's ambition to strengthen its position in the uranium sector and support global energy transitions.

Executive commentary on strategic partnership

C29 Metals is thrilled to partner with Volkov Geology, whose extensive experience will be invaluable as we progress our uranium projects. This strategic collaboration aligns with our goal to become a significant player in uranium development,' said Shannon Green, Managing Director of C29 Metals.