Uranium
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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

Jan 8 Myriad Uranium (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) Enters Binding Letter of Intent to Merge with Rush Rare Metals Corp. News

Jan 8 Skyharbour (TSXV: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 662,000 Hectares in the Athabasca Basin, Saskatchewan News

Jan 8 Denison (TSX: DML) (NYSE American: DNN) Announces Grid Power Available at Future Phoenix Uranium Mine Site Following Completion of SaskPower Transmission Line News

Jan 7 IsoEnergy (NYSE American: ISOU) (TSX: ISO) Initiates Bulk Sample Program at the Tony M Uranium Mine in Utah, a Key Step Toward a Potential Restart Decision News

Jan 6 CanAlaska (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) Plans Large 2026 Exploration Program at West McArthur Joint Venture News

Jan 6 Noble Plains Uranium (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) Extends Consistent Mineralization at Duck Creek Project in Wyoming News

Jan 5 TERRA CLEAN (CSE: TCEC) (OTCQB: TCEFF) (FSE: C9O0) PROVIDES CORPORATE UPDATE AND WELCOMES THE UNITED STATES DEPARTMENT OF ENERGY’S RECENT NEW DOMESTIC NUCLEAR FUEL SUPPLY CHAIN & URANIUM FOCUS News

Jan 5 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Announces Mobilization for Winter Drilling Program, Appoints Paulo Santos as Chief Financial Officer News

Jan 5 Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) (FSE: JA7) Joins Better in Our Backyard Coalition News

Jan 2 Denison (TSX: DML) (NYSE American: DNN) Reports Readiness to Commence Construction of Flagship Phoenix ISR Project and Provides Capital Cost Update News

Dec 31 Bayridge (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) Announces Closing of Non-Brokered Private Placement News

Dec 30 Kirkstone Metals (TSXV: KSM) (FWB:VO0) Announces Staking of Douglas River Uranium Project in the Athabasca Region News

Dec 30 Atomic Minerals (TSXV: ATOM) Announces Closing of Non-Brokered LIFE Offering and Concurrent Private Placement of $400,000 News

Dec 30 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Announces Increase to Flow-Through Financing and Completes Private Placement News

Dec 30 IsoEnergy (NYSE American: ISOU) (TSX: ISO) Acquires Additional Securities in Premier American Uranium Inc. News

Dec 30 Global Atomic (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) Provides 2025 Summary and 2026 Outlook News

Dec 30 Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) Announces Closing of Final Tranche of Non-Brokered Private Placement News

Dec 29 Energy Fuels' (NYSE: UUUU) (TSX: EFR) U.S. Uranium Business Continues to Deliver, with Year-End Production and Sales Exceeding Guidance News

Dec 24 Critical One Energy (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) Announces Closing of CDN$300,000 Flow-Through Private Placement News

Dec 24 Anfield Energy (TSXV: AEC) (NASDAQ: AEC) (FRANKFURT: 0AD) Announces $7,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent $7,000,000 Non-Brokered Private Placement of Subscription Receipts News

DEc 23 Stearman Resources (CSE: STMN) Announces Appointment Of Esen Boldkhuu As Chief Executive Officer News

Dec 23 Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) Announces Closing of First Tranche of Non-Brokered Private Placement News

Dec 23 Azincourt Energy (TSXV: AAZ) (OTCQB: AZURF) Announces Closing of Private Placement Under the Listed Issuer Financing Exemption (LIFE) 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
January 9, 2026
Orano may seek investors for $5 billion nuclear fuel plant in US

January 5, 2026
US awards $2.7 billion worth of orders to boost uranium enrichment

January 5, 2026
Sprott kicks off new year with 100,000-lb uranium buy

January 2, 2026
Column: Every mineral is critical in the new metals age

December 31, 2025
RERATED: Top 50 mining companies soar past $2 trillion valuation

December 26, 2025
AI boom set to turbocharge uranium demand in 2026

December 22, 2025
Sandvik to build $37M mining service hub in Canada

December 17, 2025
Gold and uranium boost Namibia's tax revenue after diamond prices plunge

December 10, 2025
Myriad ups stake in Wyoming uranium project to 75%

December 5, 2025
Uranium hopeful DevEx makes bold play under new chief


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