Mission Statement, Vision, & Core Values (2026) of CGN Mining Company Limited.

At the heart of the global uranium conversation stands CGN Mining Company Limited, a Hong Kong-listed subsidiary of China General Nuclear Power Group founded in 1998, whose stated mission to 'illuminate the world with uranium' drives a vision of international expansion, technological innovation and community partnership even as the company navigates real challenges - notable market presence with a market capitalization of about HK$22.27 billion as of December 2025 contrasts with a pronounced financial setback in H1 2025 that produced a net loss of HK$68 million; this chapter unpacks how those figures intersect with CGN Mining's commitments to safety, integrity, innovation and sustainability in pursuit of reliable uranium supply, enhanced operational efficiency and deeper community engagement, inviting a closer look at strategy, values and the path forward.

CGN Mining Company Limited (1164.HK) - Intro

CGN Mining Company Limited (1164.HK) is a Hong Kong-listed subsidiary of China General Nuclear Power Group, specializing in the extraction and processing of uranium resources. Established in 1998, the company has developed into a notable participant in the global uranium sector with operations spanning multiple countries and a strategic focus on expanding production capacity and improving operational efficiency to support the growing global demand for nuclear energy.

• Listing: Hong Kong Stock Exchange (1164.HK)
• Parent: China General Nuclear Power Group (CGN)
• Founded: 1998
• Core business: Exploration, mining, and processing of uranium

Mission

• Secure reliable, responsible uranium supply to support safe, low-carbon nuclear power growth worldwide.
• Create long-term value for shareholders through disciplined resource development and operational excellence.
• Adopt sustainable mining practices that minimize environmental impact and protect communities.

Vision

• To be a leading global uranium provider recognized for safe operations, technological leadership, and sustainability.
• To support the global energy transition by reliably supplying uranium for safe nuclear generation.
• To grow market presence while maintaining financial resilience and strong governance.

Core Values

• Safety - uncompromising commitment to worker, community, and environmental safety.
• Integrity - transparent governance, compliance with regulations, and ethical conduct.
• Innovation - investment in mining technology, processing efficiency, and digital operations.
• Sustainability - responsible resource stewardship, emissions management, and community engagement.
• Resilience - disciplined financial management and long-term strategic planning amid market volatility.

Recent financial headwinds, including a marked revenue decline in the first half of 2025 and the reported H1 2025 net loss of HK$68 million, have tested the company's resilience. Management continues to pursue the strategic priorities above while addressing near-term profitability pressures and investing in operational improvements to position CGN Mining for growth as global nuclear demand evolves.

For a deeper financial analysis, see: Breaking Down CGN Mining Company Limited Financial Health: Key Insights for Investors

CGN Mining Company Limited (1164.HK) - Overview

• Provide stable, sustainable uranium supply for global nuclear energy needs, supporting baseload low-carbon power.
• Lead in extraction and processing technologies to ensure high-purity product and supply-chain reliability.
• Operate with uncompromising safety, environmental stewardship, and quality assurance to meet international industry standards.
• Create stakeholder value through customer-oriented services, long-term contracts, and transparent governance.
• Embed sustainability in mining practices to minimize environmental footprint and support community development.

• To be a premier, vertically integrated uranium producer recognized for reliability, technical excellence, and contributions to global energy transition.
• To enable a greener energy mix by ensuring secure uranium supply to utilities expanding nuclear capacity domestically and internationally.

• Safety First - prioritize personnel, operational integrity, and radiation protection.
• Operational Excellence - continuous improvement in mining, milling, and processing yields.
• Environmental Responsibility - strict controls on tailings, water use, and land rehabilitation.
• Customer Commitment - predictable delivery, quality assurance, and long-term partnerships.
• Integrity & Governance - transparent reporting, regulatory compliance, and stakeholder engagement.

• Lost-Time Injury Frequency Rate (LTIFR): continuous reduction target year-on-year.
• Water recycled/reused ratio: maximize percentage to reduce freshwater withdrawal.
• Progressive land rehabilitation: hectares restored per year following closure plans.
• Emissions intensity per unit of U3O8 produced: monitored to align with low-carbon goals of end-users.

• Long-term offtake and supply contracts with utilities to underpin predictable cash flows.
• Investment in processing efficiencies to lower unit cash costs and improve margins relative to spot price volatility.
• Community engagement and benefit-sharing programs to sustain social license to operate.

CGN Mining Company Limited (1164.HK) - Mission Statement

• Deliver safe, reliable and efficient uranium production aligned with the highest international environmental, social and governance (ESG) standards.
• Grow sustainably by expanding the company's portfolio in strategic uranium-producing regions while maintaining disciplined capital allocation.
• Invest in innovation to improve mining safety, reduce environmental footprint, and increase resource recovery.
• Foster transparent, mutually beneficial relationships with host communities and stakeholders.
• Maintain rigorous governance and risk management to ensure long-term resilience and value creation.

• Global footprint: prioritized expansion into established uranium basins to diversify supply and reduce geopolitical concentration risk.
• Technology & innovation: deployment of advanced geological modelling, automation, and remote monitoring to raise recovery rates and lower incident rates.
• Community impact: targeted local employment, skills training and community development programs tied to project milestones and revenue sharing.
• Sustainability metrics: continuous improvement targets for energy intensity, water use per tonne of U3O8 produced, and progressive reclamation plans.

• Reduce Scope 1 & 2 emissions intensity by 30% by 2030 (baseline 2022).
• Cut freshwater use per tonne U3O8 by 25% across operations by 2028 through recycling and process optimization.
• Achieve >90% of new local hires from host communities for site-level roles in new projects.
• Allocate at least 1-2% of annual EBITDA to community development and environmental remediation programs in producing jurisdictions.

• Board composition includes independent directors with mining, finance and ESG expertise; strict conflict-of-interest protocols are in place.
• Robust HSE (health, safety and environment) systems, with leading indicators tracked monthly and third-party audits annually.
• Commodity price hedging and portfolio diversification used to mitigate uranium price volatility and geopolitical risks.

• Accelerate measured asset acquisitions in Kazakhstan, Namibia and Canada to scale production while preserving balance sheet strength.
• Deploy automation and remote operations to reduce unit costs and improve worker safety.
• Deepen partnerships with utilities and fuel cycle customers to secure long-term offtake and financing arrangements.

CGN Mining Company Limited (1164.HK) - Vision Statement

• Integrity: Transparent governance, anti-corruption controls, and rigorous compliance across all jurisdictions.
• Innovation: Adoption of automation, remote operations, and advanced metallurgical processes to increase recovery rates and lower unit costs.
• Sustainability: Integrated environmental management aimed at minimizing emissions, water use, and land disturbance while restoring ecosystems post-mining.
• Safety: Zero-harm target supported by hazard-elimination programs, safety training, and real-time monitoring.
• Community engagement: Long-term partnerships with local communities emphasizing jobs, health, education, and shared infrastructure.
• Customer orientation: Reliable supply, quality consistency, and value-adding services for downstream partners.

• Integrity: Monthly compliance dashboards, continuous third‑party audits, and a whistleblower channel with independent oversight.
• Innovation: Pilots in autonomous haulage and processing plant AI controls targeting a 6-8% increase in recovery efficiency.
• Sustainability: Reclamation plans covering 100% of disturbed land within five years post-closure and water-reduction targets of 20% by 2026.
• Safety: Proactive risk controls, behavioral safety programs, and emergency-response drills across 100% of sites quarterly.
• Community engagement: Local hiring quotas (target 60% local workforce at new projects), scholarships, primary health clinics, and SME supplier development programs.
• Customer orientation: Long-term offtake agreements for >70% of annual production and KPI-linked service guarantees for logistics and product quality.