Orano opposes nationalization plans of SOMAÏR in Niger

On June 19, 2025, the Government of Niger announced, in an official statement following its Council of Ministers meeting, its intent to appropriate SOMAÏR, a joint venture co-owned since 1968 by Orano and SOPAMIN, which represents the Nigerien State within the mining company’s shareholding.

This expropriation move is yet a further step in the military authorities’ ongoing strategy to expell Orano from Niger, following their seizure of power in 2023, despite the company’s repeated efforts to engage in dialogue and cooperation.

Orano strongly condemns this systematic campaign to dispossess the group of its mining assets, in clear violation of the agreements binding the group and the Nigerien State with respect to SOMAÏR. This action also reflects a broader effort to spread misinformation and undermine Orano’s reputation.

Orano expresses its deepest regret regarding the evolution of the situation and the position of the State of Niger, which weigh heavily on the employees of the group's mining subsidiaries in Niger and on local communities.

As a reminder, in December 2024, Orano reported having lost control over its Nigerien subsidiaries due to unlawful actions taken by representatives of the Nigerien State. In response, the group initiated several international arbitration proceedings.

This litigation is now Orano's last possible recourse, after several attempts at amicable resolution have gone unanswered.

As previously stated, Orano intends to seek full compensation for the damages suffered and will assert its rights to the stock corresponding to SOMAÏR’s production to date.

Orano also reserves the right to initiate any and all legal actions, including criminal proceedings if necessary, against any third parties involved in the unlawful seizure of materials in violation of its offtake rights.