Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Bernie Sanders calls for RFK Jr. to resign...
Top Senate Republican ready to go nuclear, ‘roll...
Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant...
Altech – CERENERGY Battery 46.7M Euro German Grant...
Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy
Heliostar Presents Second Quarter 2025 Financial Results
Apollo to Proceed with 5-for-1 Share Consolidation
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Licence Application Granted for Ulytau Uranium Project

by admin September 4, 2024
September 4, 2024
Licence Application Granted for Ulytau Uranium Project

C29 Metals Limited (“C29” or the “Company”) is pleased to announce that its application for the northern tenement has been granted in 48 calendar days.

HIGHLIGHTS

C29 Metals has received notification that’s its application for the northern tenement for the Ulytau Uranium Project located in Kazakhstan has been granted.The tenement granting process has been completed in 48 calendar days further demonstrating the efficiency of the Government agencies and their support for the Company’s activities.The northern tenement sits to the north of the Ulytau Uranium Project tenement and immediately north of the historic Bota Burum Uranium mine.The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1.C29 Metals will immediately commence the exploration approval process for this new northern tenement.The approval for the Company’s planned exploration drilling programs at the Ulytau Uranium Project is at an advanced stage & is on track.

The Northern application sits to the north of the Ulytau Uranium project tenement and immediately North of the historic Bota Burum Uranium mine. The Northern licence application area is ~39 km2.

The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1.

C29 Metals Managing Director, Mr Shannon Green, commented:

“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”.

Figure 1 below shows the interpreted mineralised uranium trend with the newly granted tenement.

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 19912.

Total mined reserves of Bota Burum are quoted at 20,000 tonnes of Uranium (44 million pounds)2,3.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Clarification to Chariot’s ASX Announcement dated 30 August 2024
next post
McCarthy’s ‘final struggles’ threaten to haunt Johnson’s government shutdown fight

You may also like

Anglo American to Sell Steelmaking Coal Portfolio to...

November 27, 2024

CHARBONE Hydrogen Announces New Board Director and Other...

February 12, 2025

Maritime Announces Repayment of Senior Secured Notes Due...

July 30, 2025

Element79 Gold Announces Draw Down on Equity Facility...

March 1, 2025

10 Largest Producers of Gold by Country

February 13, 2025

Potash Fertilizers: What’s the Difference Between SOP and...

January 24, 2025

Westport Files Preliminary Short Form Base Shelf Prospectus...

August 16, 2025

Gareth Soloway: Gold, Silver, Bitcoin and More —...

December 6, 2024

VRIC 2025 Preview — Jay Martin Talks Resource...

December 31, 2024

What is Coltan? 5 Facts to Know About...

August 23, 2024

Recent Posts

  • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’
  • Top Senate Republican ready to go nuclear, ‘roll over’ Democrats with rule change to confirm Trump nominees
  • Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant Approval
  • Altech – CERENERGY Battery 46.7M Euro German Grant Approval
  • Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (903)
    • Investing (2,877)
    • Politics (3,527)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.