Latest Uranium News

Cauldron Energy’s December quarter report highlights a breakthrough uranium discovery at Manyingee South within the Yanrey Project, alongside a successful $4 million capital raise to fund ongoing exploration.

Peninsula Energy Limited reported a substantial cash outflow in the December 2024 quarter, driven by significant investing activity related to its Lance Projects. The company is actively pursuing additional funding to support upcoming production scale-up.

Peninsula Energy has resumed uranium production at its flagship Lance Projects in Wyoming after a five-year pause, marking a pivotal step towards becoming a fully independent uranium producer. The company also announced key executive appointments and progress on plant construction despite some cost overruns and operational challenges.

Norfolk Metals reports progress in its Orroroo Uranium and Roger River projects, unveiling new exploration targets and maintaining a solid financial footing with $2.66 million in cash.

Aurora Energy Metals has executed a landmark Option Agreement with Eagle Energy Metals for its flagship Aurora Uranium Project, unlocking up to US$26 million in share consideration and retaining significant exposure through a 40% equity stake. The company also reports improved uranium recovery rates and strategic expansion into Western Australia.

Core Energy Minerals Ltd has fortified its uranium exploration ambitions with a $3.7 million capital raise and strategic acquisitions in South Australia, setting the stage for a busy 2025 exploration calendar.

Peninsula Energy has delayed commissioning of its Lance Uranium Project’s Central Processing Plant to mid-2025, prompting a likely downgrade in annual production guidance amid ongoing operational challenges.

GTI Energy has reported a significant 50% increase in its Lo Herma uranium resource estimate to 8.57 million pounds eU3O8, alongside an expanded exploration target and a completed $1.6 million rights issue to advance project development.

Elevate Uranium Ltd has raised $25 million to advance its proprietary U-pgrade™ beneficiation process and accelerate exploration across its Namibian and Australian uranium projects. The company is poised to operationalize a demonstration plant in Namibia by late 2025 while expanding its resource base through extensive drilling campaigns.

Recharge Metals has completed the acquisition of the Carter Uranium Project in Montana, USA, adding significant high-grade uranium resources to its portfolio and appointing a seasoned uranium expert to its board.

Odessa Minerals has completed key heritage and radiation surveys at its Lyndon Uranium Project and secured $1.1 million in new funding from prominent investors, positioning the company for a focused 2025 exploration campaign.

Terra Uranium has significantly expanded its land holdings in the Athabasca Basin through strategic option agreements with ATHA Energy Corp, setting the stage for a robust 2025 drilling campaign amid a recovering uranium market.