C29 Metals expands Ulytau Uranium Project

C29 Metals Limited (ASX:C29) has received notification that its application for the northern tenement for the Ulytau Uranium Project located in Kazakhstan has been granted. The new tenement, covering approximately 39km2, has garnered strong local support and a Social Support Agreement has been signed. The company is also advancing its exploration approvals for the project.

C29 Metals Managing Director's Comments on Northern Tenement Grant

Mr Shannon Green, Managing Director of C29 Metals, expressed his excitement, stating, 'Another very exciting step in executing our stated strategic plan for rapid growth with this highly prospective application being granted in such a rapid timeframe. Continuing to demonstrate the positive operating environment in Kazakhstan and the support the Company is receiving.'

Expansion of Ulytau Uranium Project and Future Prospects

C29 Metals has successfully expanded its Ulytau Uranium Project with the granting of the northern tenement, showcasing the efficiency of the Government agencies and their support for the Company's activities. The new tenement, located north of the existing Ulytau Project area and adjacent to the historic Bota Burum Uranium mine, is interpreted to have a similar mineralized trend. The company is set to commence the exploration approval process for this new tenement and is on track with the approval for its planned exploration drilling programs at the Ulytau Uranium Project. The Ulytau Uranium Project, situated in the Almaty Region of Southern Kazakhstan, holds significant historical and current uranium reserves, positioning C29 Metals for potential growth and contribution to the energy transition.