Latest Uranium Exploration News

Infini Resources has expanded and intensified its Canadian uranium exploration, but the ASX-listed explorer remains dependent on future funding despite ending FY26 with A$6.36 million in cash. Its auditor highlighted a material uncertainty over the company’s ability to continue as a going concern.

Patronus Resources enters FY2027 with approximately 2.3 million ounces of gold-equivalent Mineral Resources, $65.1 million in cash and liquid investments, and a 30,000-metre Northern Territory drilling campaign underway. The annual report also records an $8.6 million net loss and a proposed uranium rights transaction that remains conditional.

DevEx Resources has emerged from FY2026 with a 9,200 square kilometre uranium landholding in the Northern Territory, $27.2 million in cash and a multi-target drilling campaign underway. Early alteration at KP and shallow mineralisation at Big Radon provide technical encouragement, but the exploration case remains dependent on follow-up drilling and assays.

Neu Horizon has completed the main phase of its Swedish uranium exploration campaign, collecting more than 12,000 line kilometres of airborne geophysical data across its portfolio. The company is now integrating the results and refining targets for a maiden drilling programme planned for early 2027, subject to permitting.

Antares Metals has secured $2.57 million to fund maiden drilling at its Quinns project and continued exploration across Queensland and Western Australia. The raise comes with substantial potential dilution, with more than half the shares and all attaching options still requiring shareholder approval.

Infini Resources has kicked off an extensive 5,000-meter diamond drilling campaign at its Portland Creek Uranium Project in Newfoundland, aiming to unlock a large hydrothermal uranium system revealed by recent geophysical surveys.

Core Energy Minerals (ASX:CR3) has secured $3.025 million through a discounted share placement to fund drilling and resource definition at its Nova Uranium Project in Namibia’s Erongo province.

Greenvale Energy has updated assay data for its 9km uranium paleochannel target at the Thunderball Project in the Northern Territory, confirming anomalous uranium readings and progressing permitting for maiden drilling.

Paladin Energy has reported significant new high-grade uranium intersections at its Patterson Lake South project, expanding key deposits and uncovering fresh mineralisation zones.

Cauldron Energy has extended uranium mineralisation strike lengths by approximately 2.5 kilometres at both Manyingee South and Manyingee North within its Yanrey Uranium Project, underpinning significant resource growth potential.

Core Energy Minerals (ASX:CR3) has locked in a staged earn-in agreement to acquire up to 51% of the Nova Uranium Joint Venture in Namibia’s prolific Erongo Region, adding advanced uranium prospects to its growing portfolio.

Basin Energy has offloaded its Marshall Uranium Project in Canada to Green Canada Corporation, securing cash, equity, and strategic rights while freeing resources to focus on its Sybella-Barkly discovery in Queensland.