Laramide Resources Ltd., a Canada-based uranium producer, has announced that it is withdrawing from its uranium project in Kazakhstan due to legislative amendments adopted at the end of 2025. Under the new rules, foreign investors have fewer rights, with priority given to the national uranium company Kazatomprom.
«Laramide to abandon Kazakhstan greenfield uranium effort due to newly enacted government policy changes. Laramide has elected to terminate its Option Agreement with Aral Resources for the Chu-Sarysu Project in Kazakhstan, effective immediately,» the company said in a statement on Jan. 20.
On Dec. 26, Kazakhstan’s President Kassym-Jomart Tokayev formalized a...