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.
 
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Uranium Mining Area Play

News and Editorials
Last updated Sep 10, 2026.

Sep 10 TERRA CLEAN ENERGY CORP (CSE: TCEC) (OTCQB: TCEFF) (FSE: C9O0) ANNOUNCES COMMENCEMENT OF TRENCHING AND DRILL PAD CONSTRUCTION AT THE MARYSVALE URANIUM MINES PROJECT News

Sep 10 Purepoint (TSXV: PTU) (OTCQB: PTUUF) Reports Winter 2026 Assays from Dorado JV's Nova Target News

Sep 10 Anfield (TSXV: AEC) (NASDAQ: AEC) (FRANKFURT: 0AD) Advances Velvet-Wood Toward Active Dewatering with Utah Concept Approval and Outfall Reactivation Request News

Sep 9 Green Canada Uranium (TSXV: GCUC) Mobilizes Drill to Marshall Project, Athabasca Basin, Saskatchewan News

Sep 8 CanAlaska (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) Begins Fall Drill Program at Key Extension Project News

Sep 8 Global Energy Metals (TSXV:GEMC) (OTC:GBLEF) (FSE:5GE2) Highlights Identification Of Prominent Radiometric Anomalies At Charlot-Neely Lake Uranium Project News

Sep 4 Green Canada Uranium (TSXV: GCUC) to Begin Trading on TSXV Venture Exchange on September 9, 2026 News

Sep 3 Canadian Uranium (CSE: CANU) Announces Completion of King South MT Survey News

Sep 3 Americas Uranium Corp. (CSE: NUCA) (OTCQB: ASRFF) (FSE: WA7) Engages Venture Liquidity Providers Inc. News

Sep 3 Stallion (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Completes Ground Gravity, Identifies Three New Priority Target Areas At Stone Island News

Sep 3 Skyharbour (TSXV: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) Files Independent NI 43-101 Technical Reports on its Co-Flagship Moore and Russell Lake Uranium Projects, Saskatchewan News

Sep 3 F3 (TSXV: FUU) (OTCQB: FUUFF) Announces Management Changes with Raymond Ashley as President and VP Exploration News

Sep 3 enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) Featured in "The Nuclear Option" Documentary Series News

Sep 2 Azincourt Energy (TSXV: AAZ) (OTCQB: AZURF) (FSE: A0U0) Commences 2026 Field Program at Snegamook Uranium Deposit and Greater Harrier Uranium Project News

Sep 2 F4 (TSXV: FFU) (OTCQB: FFUCF) Mobile MT Strengthens Geophysical Targeting at Wales Lake News

Sep 2 Americas Uranium Corp. (CSE: NUCA) (OTCQB: ASRFF) (FSE: WA7)to Acquire 100% Interest in Treeline Uranium Project, Located in New Mexico, USA News

Sep 1 PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (Frankfurt: 9PX) : PTX Metals Equity Holding Announces Closing of Green Canada Uranium Transaction News

Sep 1 Xcite Uranium (CSE: XRI) Commences Drilling at the Past-Producing Lorado Uranium Project, Saskatchewan News

Aug 31 Appia (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) Identifies Several Additional Uranium Drill Targets from MT Survey Lines 1 and 3 at Its Otherside Uranium Property News

Aug 28 Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) Announces Closing of Non-Brokered Flow-Through Private Placement News

Aug 28 Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) Files Early Warning Report with Respect to Rio Grande Resources News

Aug 28 Canadian Uranium (CSE: CANU) Announces Filing Of Amended And Restated Financial Statements And MD&A 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
Sources: World Nuclear News, Investing News Network, The Northern Miner, Resource World, Mining Technology and Mining News North. When there are few stories on this metal, the list is filled with the latest general mining news.
October 8, 2026
Poland begins ordering long-lead components for first AP1000

October 8, 2026
China's Tianwan 7 connected to the grid

October 8, 2026
Last Energy's Texas micro-modular reactor clears safety analysis

October 8, 2026
Thorizon, Urenco to cooperate on MSR fuel cycle

October 8, 2026
Slovakia buys out Czech stake in new nuclear project company

October 8, 2026
Westinghouse teams up with Hyundai E&C for Dutch FEED studies

October 7, 2026
Steve Barton: Gold, Silver Prices, Plus Uranium's "Slam Dunk" Setup

October 7, 2026
Google, Oracle Back US Nuclear Upgrades for Data Centers

October 7, 2026
Deployable Energy to test its Unity nuclear battery in DOME

October 7, 2026
Swiss citizens may get to vote on construction of new reactors


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