CGN Mining Company Limited released its unaudited operational data for the first quarter of 2026, highlighting solid production execution and an expanded natural-uranium trading book.

The Group’s attributable output from its Kazakhstan assets reached 580.90 tU, achieving 97.10% of the quarterly plan. Production was split between 154.50 tU from 49%-owned Semizbay-U LLP and 426.40 tU from 49%-held Ortalyk LLP. While Semizbay-U delivered 89.50% of plan due to a temporary sulfuric-acid shortage at the Semizbay Mine (58.50 tU versus 81.90 tU planned), Ortalyk met its targets, recording 100.10% fulfilment across the Central Mynkuduk (365.50 tU) and Zhalpak (60.90 tU) deposits. With reagent supply now normalised, management expects full-year production to remain on track.

As at 31 March 2026, CGN Mining held 967 tU (approximately 2.51 million lb U3O8) of inventory at a weighted-average cost of US$80.60 per pound. Forward sales commitments totalled 2,519 tU (about 6.55 million lb U3O8) at an average contracted price of US$89.20 per pound, underscoring robust demand visibility.

During the quarter the Group signed new procurement contracts for 404 tU at an average US$87.91 per pound and secured corresponding sales contracts for the same volume at US$90.30 per pound. Receipts under existing supply agreements amounted to 942 tU at an average US$84.16 per pound, while deliveries to customers totalled 904 tU at an average US$64.27 per pound.

The disclosed figures are based on internal management accounts and remain subject to audit. CGN Mining cautions that quarterly data may vary due to regulatory, market and operational factors.