Kazakhstan's national nuclear company $KZAP announced on Monday that the country's president has signed amendments to the law on the use of natural resources, granting the uranium producer extended privileges in exploration and production.

As the company explained in a press release, the law signed on December 26 grants Kazatomprom privileges in obtaining exploration licenses for prospective areas and in reserving blocks containing uranium mineralization or deposits.

According to the new regulations, licensees who discover uranium on their blocks for solid mineral resources must cede the blocks in question to the state in order to renew their license. In addition, other licensees who discover uranium deposits will not receive priority mining rights.

The amendments to the law also tighten the ownership requirements for new uranium mining contracts. The transfer of new exploitation agreements awarded to Kazatomprom is now only permitted to companies in which the Group holds a stake of more than 75%; previously, the threshold was 50%. These requirements apply exclusively to new agreements and do not affect existing contracts.

The law now requires that either Kazatomprom holds at least 90% of the shares in the joint venture or the foreign partner transfers technologies for uranium conversion and enrichment to Kazatomprom or a jointly founded company in order to extend existing contracts or increase production volumes beyond the approved levels.

The law also reserves the right to additional exploration at producing uranium deposits exclusively to Kazatomprom or companies in which the Group holds at least a 90% stake.

Kazatomprom emphasized that the regulatory changes do not entail any revisions or changes in the ownership structure of existing joint ventures as long as they remain within the framework of the existing agreements.

Source: investing.com

$KZAP luckily collected a few more a few days ago 🍾

Today I'm going to take a look at uranium stocks from my perspective as a radiation protection engineer:

From today's perspective, the demand for uranium will increase, not decrease, by 2027. Production is currently not keeping pace and demand is very high. I therefore see uranium share prices continuing to rise until 2027.

Which ones are currently popular?

In addition to the strong Cameco $CCO (+0,53 %) and Nexgen Energy $NXG there is also Kazatomprom $KZAP . All three have had a very good rally to date and are expected to constantly exceed their all-time high until 2027.

From today's perspective, I think one share is still undervalued alongside Kazatomprom: $YCA (+1,19 %) Yellow Cake, these do not produce uranium directly but rather act as holders of uranium and uranium trading.

Cameco: P/E 102, growth 96%, 0.2% div

Nexgen: P/E 45, growth 65%, 0% div

Kazatomprom: P/E 15, 1Y: 46%,4%Div

Yellow Cake: P/E 4, 1Y growth 85%, 0% div

I personally have Cameco in my savings plan, but I think this company and Nexgen are overvalued. I also have shares in Kazatomprom and Yellow Cake.

What does the future look like? Even after 2027, things will not get less for producers. From today's perspective, over 120 new pressurized water reactors of the EPR type will be built by 2035. However, the price will increasingly fall again. Anyone who thinks that Germany is going to stop, I'm afraid I have to put a spanner in the works. Although no conventional reactors are being built and we are in the process of dismantling them, dual-fluid reactors or small SMR-type reactors are. These have the possibility of reusing the nuclear waste. Companies and cooperation with the following companies are required for the construction:

Mitsubishi Heavy $7011 (-0,07 %) ( power plant construction)

Hitachi $HIA (power plant construction)

RWE $RWE (+0,71 %) (invested in Poland and the Netherlands via Urenco)

Brookfield $BN (+0,25 %) (main shareholder Westinghouse)

Engie Electrabel $ENGI (+0,43 %) (ECS)

Mutares SE $MUX (+1,78 %) (dismantling of nuclear power plants)

General Electric $GEC (reactor construction (among others)

Others are unfortunately only limited liability companies.

Conventional nuclear waste is also disposed of with other reactor types. However, the process will continue to develop until around 2050.

If you have any further questions, please write to me.

$KZAP also a great dividend share, by the way 💯

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