Uranium
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Supply of Uranium

Analysis of Uranium supply to 2050

Nuclear and Uranium Glossary
 
 
 
 
Facts (Source: World Nuclear Association)
Uranium is a naturally-occurring element in the Earth's crust. Traces of it occur almost everywhere, although mining takes place in locations where it is naturally concentrated. To make nuclear fuel from the uranium ore requires first for the uranium to be extracted from the rock in which it is found, then enriched in the uranium-235 isotope, before being made into pellets that are loaded into the nuclear fuel assembly.
Uranium mines operate in some twenty countries, though about half of world production comes from just ten mines in six countries, in Canada, Australia, Niger, Kazakhstan, Russia and Namibia.
At conventional mines, the ore goes through a mill where it is first crushed. It is then ground in water to produce a slurry of fine ore particles suspended in the water. The slurry is leached with sulphuric acid to dissolve the uranium oxides, leaving the remaining rock and other minerals undissolved, as mine tailings.
However, nearly half the world's mines now use a mining method called in situ leaching (ISL). This means that the mining is accomplished without any major ground disturbance. Groundwater with a lot of oxygen injected into it is circulated through the uranium ore, extracting the uranium. The solution with dissolved uranium is pumped to the surface.
Both mining methods produce a liquid with uranium dissolved in it. This is filtered and the uranium then separated by ion exchange, precipitated from the solution, filtered and dried to produce a uranium oxide concentrate (U3O8), which is then sealed in drums. This concentrate may be a bright yellow colour, hence known as 'yellowcake', or if dried at high temperatures it is khaki.
 
Uranium Mining Company Search

 
Uranium Mining Area Play

News and Editorials

Jul 31 Global Uranium Corp. (CSE: GURN) (OTC: GURFF) (FRA: Q3J) Announces Proposed Share Consolidation News

Jul 31 Global Atomic (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) Announces Closing of C$20 Million Private Placement News

Jul 30 Global Uranium Corp. (CSE: GURN) (OTC: GURFF) (FRA: Q3J) Announces Proposed Share Consolidation News

Jul 30 Purepoint (TSXV: PTU) (OTCQB: PTUUF) Intersects 5.6 Metres of Continuous Radioactivity at Nova, Peaking at 53,300 CPS News

Jul 30 Purecore (CSE: PURE) (FSE: J8Y) Signs Definitive Agreement with Skyharbour (TSXV: SYH) for Yurchison Uranium Property Option in Athabasca Basin News

Jul 28 Denison (TSX: DML) NYSE American: DNN) Announces Completion of Site Preparation Activities and Commencement of Full-Scale Construction at Phoenix ISR Uranium Mine News

Jul 28 Generation (CSE: GEN) (OTCQB: GENRF) (FRA: W85) Closes Non-Brokered Flow Through Private Placement News

Jul 28 Noble Plains Uranium (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) Commences Confirmation Drill Program at Shirley Central Project News

Jul 27 Uranium Royalty (NASDAQ: UROY) (TSX: URC) Completes Landmark Sweetwater Transaction Creating Leading Uranium and Land Royalty Company News

Jul 24 Canadian Securities Exchange Welcomes Listing of Generation Uranium Inc. (CSE: GEN) News

Jul 23 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Identifies Multiple New High-Priority Uranium Drill Targets At Coyote from Integrated Geophysics News

Jul 23 Generation Uranium (TSXV: GEN) (OTCQB: GENRF) (FRA: W85) Announces Final CSE Listing Approval and Voluntary Delisting from the TSXV News

Jul 23 Skyharbour (TSXV: SYH) (OTCQX: SYHBF) Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 682,000 Hectares in the Athabasca Basin, Saskatchewan News

Jul 23 Canadian Uranium (CSE: CANU) Announces Non-Brokered Private Placement of up to $2 Million News

Jul 22 Laramide Resources (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) Announces Updated Preliminary Economic Assessment and Positions Westmoreland Uranium Project for the Next Phase of Development News

Jul 22 PURECORE (CSE: PURE) (FSE: J8Y) COMPLETES PHASE ONE EXPLORATION AT CRITICAL MINERALS PROJECT, BANKIER News

Jul 22 Strathmore (CSE: SUU) (OTCQB: SUUFF) (FSE: TO3) to Begin 5,000ft Summer Drill Program at Beaver Rim News

Jul 21 Generation Uranium (TSXV:GEN) (OTCQB:GENRF) (FRA:W85) Applauds Atha Energy's Uranium Discovery At LAC50NW On The Angilak Project Just South Of It's Own Yath Project News

Jul 21 F4 (TSXV: FFU) Searches for Patterson Lake Corridor at Wales Lake News

Jul 21 F3 (TSXV: FUU) (OTCQB: FUUFF) (FSE: GL7) Begins Summer Drilling at PLN Project After Completing 3D DCIP and Resistivity Survey Over Tetra Zone News

Jul 20 Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) Obtains Shareholder Approval for Arrangement and Provides Corporate Update News

Jul 20 Greenridge (CSE: GXP) (OTC: GXPLF) (FRA: HW3) Arranges $3.0 Million Private Placement With International Energy Partner To Accelerate Project Exploration News
More>>

The largest-producing uranium mines in 2024
Name Country tU
McCarthur River/Key LakeCanada7808
Cigar LakeCanada6501
HusabNamibia4437
Karatau (Budenovskoye 2)Kazakhstan3299
Inkai, sites 1-3Kazakhstan2992
Akdala & South Inkai 4Kazakhstan2803
Olympic DamAustralia2693
Moinkum & TortkudukKazakhstan2388
RössingNamibia2205
Khorassan 1Kazakhstan2030
Source: World Nuclear Association

Feature Presentation
The Athabasca Basin in Northern Saskatchewan hosts the world's largest and highest grade uranium deposits accounting for 1/3 of the global uranium supply, a figure which is expected to increase significantly by the end of the decade. The Basin has witnessed a rush in claim staking activity since 2004 due to the rise in the price of uranium to about US$40/lb (March 13, 2006). At present, there are more than 30 companies exploring for uranium in the Basin.
Full coverage of the Athabasca Basin

Uranium Industry Overview (Mar - May 2021)

Sprott Commentary
Uranium’s Tale of Two Markets:
Dec 15, 2025
The uranium market's short-term volatility has masked strengthening fundamentals, as long-term prices rise, supply tightens and policy commitments translate into greater demand for nuclear power. With capital flowing into miners, upstream fundamentals improving and policy alignment accelerating, we believe the uranium market is well positioned for a stronger setup in 2026. ...
More>>

Uranium News Scan
Source: Mining.com
July 31, 2026
Cameco's Westinghouse nuclear power venture files for IPO

July 29, 2026
Denison starts building Canada's first ISR uranium mine

July 28, 2026
US Department of Energy shortlists five states for nuclear sites   

July 24, 2026
Indonesian metal exports face disruptions by rare earths checks

July 23, 2026
India invests $2B for SMRs as Saudi Arabia eyes nuclear power development

July 23, 2026
Laramide sees $741M value for Queensland uranium project

July 21, 2026
Permitting reform key to challenging China's critical minerals dominance: US mining lawyer 

July 21, 2026
Sprott sees buying opportunity as uranium stocks trail market

July 15, 2026
Cameco restarts Cigar Lake uranium mine 

July 15, 2026
Mining companies are on their own in the Sahel, says risk analyst


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