Mission Statement, Vision, & Core Values (2026) of JSC National Atomic Company Kazatomprom.

Standing at the heart of Kazakhstan's energy and mineral strategy, KAP.L-the world's largest producer of uranium-drives a focused mission to underpin the global transition to clean energy by securing a reliable, sustainable uranium supply and expanding across the nuclear fuel cycle; with operations that span exploration, mining and fuel component production and a renewed Development Strategy for 2025-2034, Kazatomprom is sharpening its core on efficient resource use, environmental stewardship and market resilience while targeting growth in the strategically vital rare and rare-earth metals segment, diversifying sales and trading functions, and embedding leading corporate governance and ESG practices to fortify Kazakhstan's industrial role on the international stage.

JSC National Atomic Company Kazatomprom (KAP.L) - Intro

• Global position: Kazakhstan supplies roughly 35-40% of annual mined uranium globally; Kazatomprom is the principal vehicle for that supply through in-country mines, partnerships and tolling agreements.
• Scope of operations: exploration, in-situ recovery (ISR) and conventional mining, uranium concentrate (yellowcake) production, engineering and services across the front end of the fuel cycle, and limited downstream capabilities via joint ventures.
• Sustainability emphasis: commitments to resource efficiency, water and land stewardship in ISR operations, radiation safety, and phased mine closure and rehabilitation practices.

• Value-creation pillars: secure low-cost base production, optimize existing ISR assets, increase higher-margin downstream participation, and pursue strategic JV investments.
• Market resilience: flexible production management aligned to long-term contracting, secondary market participation and inventory optimization.
• ESG and modernization: reduction of environmental footprint per tonne U produced, digitalization of mine operations, and investment in safety and workforce development.

• Ownership: majority state-owned entity established to hold national uranium assets and manage strategic interests in the nuclear sector.
• Listings and investor access: principal equity and debt investor communications oriented to global capital markets; ticker KAP.L used for London listing.
• Partnership model: large portfolio of joint ventures with international uranium and nuclear fuel companies to combine Kazakh resources with foreign capital and technology.

JSC National Atomic Company Kazatomprom (KAP.L) - Overview

• Core mission: supply high‑quality, responsibly produced uranium to enable nuclear power as a stable, low‑carbon baseload for decarbonisation.
• Primary business focus: concentrate on uranium mining and resource base replenishment through efficient in‑situ recovery (ISR) and brownfield/greenfield exploration.
• Value chain expansion: capture economic opportunities in conversion, enrichment, fuel fabrication and long‑term contracting to move beyond raw commodity sales.
• Critical minerals agenda: develop the rare and rare‑earth metals segment to support electrification, battery and defence supply chains.
• Commercial strategy: diversify sales channels, enhance trading functions and balance long‑term contracts with spot market exposure to stabilise cash flow and capture upside.
• ESG and governance: embed leading environmental, social and governance practices-responsible mining, community investment, safety and low carbon intensity operations.

• Supply security: maintain production volumes and reliability to meet long‑term contracts with utilities globally.
• Resource efficiency: improve recovery rates and lower unit operating costs through ISR optimisation and technology adoption-targeting continuous reductions in $/lb U3O8.
• Value‑chain capture: grow revenues from fuel cycle services and trading to improve margin profile and reduce commodity price exposure.
• Critical minerals build‑out: pursue projects and partnerships to scale rare‑earth and specialty metals revenue streams in line with global demand for electrification.
• ESG metrics: reduce greenhouse gas intensity of operations, maintain industry‑leading safety performance, and increase transparency in reporting to align with investor and sovereign expectations.

• Balanced contracting: combination of long‑term utility contracts (price and volume certainty) and tactical spot/trading activity to capitalise on market cycles.
• Geographic diversification: maintain strong relationships with major nuclear markets (Asia, Europe, North America) while developing new offtake networks.
• Trading capability: expand trading desk and origination to arbitrage price differentials, hedge exposure and monetise inventory.

• Alignment with Kazakhstan national strategy to monetise mineral endowments and support energy security.
• Investor focus: deliver predictable cash flows, disciplined capital allocation and transparent ESG disclosures to support valuation and access to capital markets.
• Community and workforce commitments: invest in local development, safety, and skills to sustain long‑term social licence to operate.

JSC National Atomic Company Kazatomprom (KAP.L) - Mission Statement

• Deliver reliable, long-term supply of uranium and nuclear fuel services to global customers under safe, transparent, and internationally compliant operations.
• Scale and integrate downstream and adjacent businesses (conversion, enrichment partnerships, rare and rare-earth metals) to capture more value across the nuclear fuel cycle.
• Promote decarbonization by supporting the growth of nuclear power as a low‑carbon baseload source, aligning commercial objectives with climate and energy security goals.
• Maintain financial discipline and market-facing trading capabilities to optimize returns for shareholders and reinvest in strategic growth.
• Embed leading ESG, health, safety and governance standards to ensure social license to operate and long-term sustainability.

• Become an international leader in the nuclear industry by 2034, operating across major segments of the global nuclear power industry.
• Expand footprint in the nuclear fuel cycle and scale rare/rare-earth metals activities to contribute to the critical minerals agenda.
• Diversify sales channels, enhance trading and commercial capabilities, and pursue transnational partnerships and investments.
• Strengthen business and ESG practices to ensure integrity, resilience and sustainable growth.

• Commercial diversification: expand long-term contracts, spot market participation, and trading functions to balance cyclical price exposure.
• Downstream integration: pursue joint ventures or strategic stakes in conversion/enrichment and explore processing pathways for rare and rare-earth metals.
• Operational excellence: continuous improvement in ISR and conventional mining efficiencies, cost control, and inventory management to preserve margins.
• ESG leadership: implement best-practice safety systems, environmental management, community engagement and transparent reporting aligned with international standards.
• Global partnerships: develop transnational alliances with utilities, technology firms and governments to support fuel-cycle services and export markets.

• Kazatomprom reports under internationally recognized frameworks and emphasizes compliance with nuclear-safety conventions and anti-corruption policies.
• Investment into environmental measures and tailings/rehabilitation programs has increased as part of the long-term licensing and social license agenda.
• Market positioning: as one of the largest single-country uranium suppliers, strategic choices in production levels and contract mix materially influence global market balances and price dynamics.

JSC National Atomic Company Kazatomprom (KAP.L) - Vision Statement

• Lead the global uranium market through reliable supply, market discipline and best‑in‑class safety and governance practices.
• Deepen vertical integration across the nuclear fuel cycle-mining, conversion, enrichment partnerships and fuel fabrication-while preserving state strategic interests.
• Contribute to Kazakhstan's technological modernization and industrial diversification, fostering high‑value local content and downstream capabilities.
• Achieve net‑zero or best‑available environmental performance in mining operations through innovation and continuous improvement.
• Create a people‑centered organization that attracts, develops and retains top technical, managerial and operational talent in Kazakhstan.

• Corporate governance & transparency - applying international best practices (IFRS reporting, independent board standards, anti‑corruption measures).
• Industrial & innovative development - investing in R&D, local supply chains and technology transfer to support Kazakhstan's economy.
• Strategic national importance - positioning Kazakhstan as a trusted partner in global energy security.
• Environmental sustainability & safety - minimizing environmental footprint and prioritizing worker and public safety.
• Traditions & innovation - respecting national heritage while adopting advanced mining and processing technologies.
• Human capital - developing professional, collaborative teams and leadership pipelines within Kazakhstan.

• Transparency & governance: IFRS financial reporting, independent directors, external audits and regular ESG disclosures to investors and stakeholders.
• Industrial growth: partnerships with global nuclear fuel cycle firms, technology pilots (automation, ISR optimization) and local supplier development programs.
• Environmental programs: progressive water management, tailings and land rehabilitation targets, emissions control and community monitoring systems.
• Human capital: targeted training academies, health & safety programs, succession planning and competitive remuneration aligned with national development goals.