National Atomic Company Kazatomprom JSC (“Kazatomprom” or the “Company”) has signed into a landmark agreement with ČEZ, a. s., marking a significant expansion of its presence in Europe and further strengthening its position in the global uranium market.

The European Commission has included the lithium mining project at Cínovec and its processing in Prunéřov, Chomutov District, Ústí nad Labem Region, as a strategic project under the Critical Raw Materials Act (CRMA). This step confirms the Czech deposit’s key importance in the pan-European context. Inclusion on the strategic list brings a number of advantages to the Czech lithium project. For example, it may facilitate financing or streamline permitting processes. The project could now receive support from EU financial institutions, but it will also be more attractive to private investors.