Cameco (NYSE:CCJ) said Thursday that controlling partner Kazatomprom has suspended production activity at the Inkai joint venture in Kazakhstan, citing the failure to receive an extension for submitting an updated Project for Uranium Deposit Development documentation from the government.

Uranium stocks are rising on Thursday after Canadian producer Cameco said output from its Inkai joint venture in Kazakhstan was unexpectedly halted.

Inkai joint venture project in Kazakhstan has suspended uranium production because of a bureaucratic holdup, the Canadian producer said Thursday. The in-situ recovery JV, in which Cameco holds a 40% stake and state-owned Kazatomprom (LSE: KAP) holds 60%,

Coco Gauff and Taylor Fritz have powered the U.S. into the semifinals of the United Cup mixed teams tennis event.

Elena Rybakina put Kazakhstan one win away from the 2025 United Cup semifinals with a commanding victory over Germany’s Laura Siegemund. Alexander Shevchenko clinched the semifinal spot by winning the men's singles.

Kazakhstan advanced to the United Cup semifinals with a victory over a German team playing without injured world No. 2 Alexander Zverev.