Orano confirms the loss of operational control of SOMAÏR in Niger

For several months, Orano has been warning of the interference that the group has been suffering in the governance of SOMAÏR¹ , of which it is the majority shareholder and operator in Niger. The decisions taken at the company's board meetings are no longer being applied and, as a result, Orano is today confirming that the Nigerien authorities have taken operational control of the company. The production expenses which continue to be incurred on the site are worsening the company's financial situation with every passing day.

In this context, the application of the resolution adopted by the Board of Directors of SOMAÏR on November 12 to suspend expenses related to production activities in order to prioritize the payment of salaries and preserve the integrity of the industrial facilities is being deliberately prevented.

The representatives of Niger are assuming this position that they defended at the Ordinary Meeting of the Board of Directors which was held on Tuesday December 3, 2024, in particular confirming their refusal to export the production.

In this context, Orano expresses its deepest regret regarding the evolving situation which is placing a heavy burden on the employees and local communities.

Orano intends to defend its rights before the competent bodies and reaffirms its belief that only a united effort by all stakeholders to re-establish a stable and sustainable mode of operation can allow SOMAÏR to resume activities in peace.

[1] SOMAÏR's shareholders: Orano 63.4 % - SOPAMIN 36.6 % (State of Niger)