C29 Metals advances uranium exploration

C29 Metals (ASX:C29) has obtained a Category 2 environmental permit from Kazakhstan's Natural Resources and Environmental Management Department. This approval allows the company to commence drilling at its Ulytau uranium project. The permit follows a Memorandum of Understanding signed with Volkov Geology, a subsidiary of Katomprom, facilitating the start of an initial diamond drilling program targeting mineralization at approximately 500 meters depth.

Strategic outlook for C29 Metals

C29 Metals has successfully secured an environmental permit for its Ulytau uranium project in Kazakhstan, marking a key milestone in their exploration endeavors. The partnership with Volkov Geology, under the umbrella of Kazakhstan's national uranium producer, Katomprom, is instrumental in driving the project forward. The upcoming drilling program aims to explore significant mineralized trends, leveraging advanced geological tools to optimize exploration efficiency. By establishing a community base in Aksuyek and receiving local backing, C29 Metals is well-positioned to progress its strategic objectives in uranium exploration, aligning with the global shift towards sustainable energy solutions.

Executive insights on strategic developments

We are pleased to have received the environmental permit, which is a significant step forward for our exploration efforts at Ulytau. Partnering with Volkov Geology strengthens our position in Kazakhstan and provides us with the local expertise and support needed to advance this project efficiently.