NATIONAL ATOMIC CO KAZATOMPROM JSC

NAC Kazatomprom JSC GDR Reg S represents global depositary receipts for shares in National Atomic Company Kazatomprom JSC, Kazakhstan's national operator for uranium and rare metals import and export. As the world's largest producer of natural uranium, it supplies over 40% of global primary uranium, primarily through in-situ recovery (ISR) mining from 26 deposits across 14 assets in Kazakhstan, leveraging the country's vast reserves—over 65% of worldwide ISR-suitable uranium. The company engages in exploration, production, processing, and marketing of uranium products for nuclear power generation worldwide, serving markets in China, Europe, North America, and Asia. Beyond uranium, it produces rare metals like beryllium, tantalum, and niobium at its Ulba Metallurgical Plant, alongside sulfuric acid and semiconductor materials. Founded in 1997 and headquartered in Astana, Kazatomprom operates subsidiaries, joint ventures with partners like Orano, Cameco, and Uranium One, and upholds industry-leading health, safety, and environmental standards. Its value-driven strategy aligns production with market demand, solidifying its pivotal role in the global nuclear fuel cycle and energy sector.