Uranium
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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.
 
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News and Editorials

Feb 27 Critical One Energy (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) Regains Full Control of Uranium and Copper Assets in Namibia, Africa News

Feb 26 Energy Fuels (NYSE American: UUUU) (TSX: EFR) Announces 2025 Results and 2026 Guidance News

Feb 26 Homeland (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) Acquires Historical Data for Cross Bones Uranium Property News

Feb 26 EagleOne (CSE: EAGL) (FSE: IJ2) Enters into Letter of Intent to Acquire Poison Springs Uranium/Rare Earths Project News

Feb 26 Laramide (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) to Update Westmoreland Economic Study News

Feb 26 Joint Press Release of Future Fuels Inc. (TSXV: FTUR) (FSE: S0J) and ValOre Metals Corp. (TSXV: VO) (OTCQB: KVLQF) (Frankfurt: KEQ0) – Future Fuels Inc. Enters Into Agreement to Acquire Hatchet Uranium Corp. News

Feb 26 Atha Energy Final Assays From 2025 Angilak Exploration Program Confirm High-Grade Discoveries at KU and Mushroom Lake Targets - Grades up to 1.56% U3O8 and 1.10% U3O8, Respectively, and Expansion of Mineralization at the Lac 50 Deposit With Grades up to 1.47% U3O8 News

Feb 25 Denison (TSX: DML) (NYSE American: DNN) Announces Final Investment Decision for the Phoenix In-Situ Recovery Uranium Mine and Plans to Start Construction in March 2026 News

Feb 24 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: FE0) Announces Completion of Ground Gravity Extension Survey over Coyote Corridor News

Feb 24 Blue Sky (TSXV: BSK) (FSE: MAL2) (OTCQB: BKUCF) Reports Uranium Mineralization in Initial Drilling at Ivana Gateway Target News

Feb 24 Verdera Energy (TSXV: V) Announces Commencement of Trading on the TSX Venture Exchange News

Feb 24 Appia (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) Reports Diamond Drilling on ULTRA HARD ROCK Carbonatite Target Intercepts 300m at 2.55% Total Rare Earth Oxide from Surface Including 1.7m at 14.27% TREO in Goias, Brazil News

Feb 23 Glacier Lake Resources Inc. (TSXV: GLI) (OTCQB: GLIIF) (FSE: KDM) Options Namibia Uranium Exploration Licences and Announces Proposed Name Change to Skeleton Coast Uranium Corp., Share Consolidation and Non-Brokered Private Placement of up to $5,000,000 News

Feb 20 American Atomics (CSE: NUKE) Announces Upsizing of Private Placement of Units News

Feb 19 Auric Minerals Corp. (CSE: AUMC) Announces Issuance of Shares Pursuant to Acquisition of Uranium Assets in Quebec News

Feb 19 Eagle Plains (TSXV:XRI) Provides Update on Uranium City Uranium Projects and Announces Hiring of Andrew Wilson as Investor Relations Representative News

Feb 19 Denison (TSX: DML) (NYSE American: DNN Receives Final Regulatory Approval to Construct the Phoenix ISR Uranium Mine News

Feb 19 Xcite (CSE: XRI) Expand Uranium City Uranium Projects News

Feb 19 CanAlaska (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) Begins Ground-Based Geophysical Program at Waterbury South Project News

Feb 18 Greenridge (CSE: GXP) (FRA: HW3) (OTCQB: GXPLF) Exploration Announces Commencement of Winter 2026 Drilling Program with Denison Mines at the Hook-Carter Uranium Project in the Athabasca Basin, Saskatchewan News

Feb 18 Terra Clean (CSE: TCEC) (OTCQB: TCEFF) (FSE: C9O0) Closes the Acquisition to Earn 100% Interest in the Prospector & Freedom Uranium Mines in Marysvale, Utah, United States News

Feb 18 enCore Energy (NASDAQ: EU) (TSXV: EU) Provides Update on Expected Distribution of Verdera Common Shares to its Shareholders 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
February 26, 2026
Global Atomic faces potential class action

February 26, 2026
Nevada tops Fraser survey as Ontario, Saskatchewan rise

February 25, 2026
Denison builds Canada's first new type of uranium mine

February 25, 2026
Uranium explorer Eagle Nuclear Energy to go public after blank check merger

February 20, 2026
Kazatomprom inks massive supply deal with India

February 19, 2026
Denison's Phoenix uranium project lands final permit

February 18, 2026
US and Uzbekistan sign critical minerals pact

February 16, 2026
Legal analysis: What Project Vault means for critical minerals regulation

February 16, 2026
Niger stockpiled 1,000t of yellowcake at military base: FT

February 15, 2026
Iran says potential energy, mining deals on table in talks with US


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