Important Agreement Reached on Geological Exploration Activities

The General Director of “Uzbek Overseas Geology Company”, Khayitboy Omonov, and the Chief Geologist of the Scientific Research and Design Institute of Uranium and Rare Metals Geology at “Navoiyuran” JSC, Khusniddin Olovov, held a meeting with representatives of the Mongolian company “Mon-Atom” and “Adamas Mining”.

During the talks, the parties discussed prospects for bilateral cooperation in the field of geology. In particular, they considered launching joint uranium mining operations at deposits owned by “Adamas Mining” in Mongolia, as well as carrying out geological exploration work at these sites and surrounding areas.

The parties also agreed to share existing geological data and reports, to conduct in-depth studies, and to develop relevant conclusions.

The negotiations took place in a positive spirit, marking an important step toward expanding mutually beneficial cooperation in the field of geology. Both sides expressed confidence that joint projects would make a significant contribution to the economic and scientific development of the region.