Latest Uranium Exploration News

Infini Resources has confirmed a structurally controlled uranium mineralisation system at its Portland Creek Project in Newfoundland, with Phase 2 drilling assays revealing uranium grades up to 347 ppm U3O8 over a strike length exceeding 2 km. These results underpin the company’s exploration model and set the stage for an expanded 2026 drilling campaign.

Elevate Uranium has announced a significant upgrade to its Marenica Uranium Project in Namibia, doubling the resource grade and increasing contained uranium. This milestone enhances the project's development prospects and underpins the company's growth strategy.

Orpheus Uranium Limited has raised $4.36 million through a share placement anchored by IsoEnergy’s $1.5 million investment, aiming to accelerate uranium exploration across three Australian states.

Aurora Energy Metals updates investors on its strategic option agreement with Eagle Energy Metals, which is set to become the first US-listed uranium explorer with SMR technology following a pending SPAC merger.

QX Resources has raised $1.23 million through a placement to fund exploration at its promising Madaba Uranium Project in Tanzania, setting the stage for a heli-borne survey and maiden drilling program this year.

Noronex Limited has exercised its option to acquire a 51% stake in the Etango North Uranium Project in Namibia, initiating a maiden drilling program backed by AI-driven exploration techniques.

Global Uranium and Snow Lake Resources have agreed to a binding merger scheme, with Snow Lake acquiring all remaining shares of Global Uranium. This follows a major drilling success at the Pine Ridge Uranium Project and regulatory approvals that pave the way for a combined uranium-focused entity.

Toro Energy shareholders are set to gain exposure to a diversified uranium portfolio through IsoEnergy’s acquisition offer at a near 80% premium, while Toro advances its Wiluna Uranium Project amid strong market tailwinds.

Lion Rock Minerals reports exceptional rutile grades and a rare-earth enriched monazite source at its Minta Project in Cameroon, supported by a strategic A$8.6 million placement from Tronox Holdings. The company advances a large-scale infill drilling program and in-country lab development to accelerate resource definition.

Australian Rare Earths Limited (ASX – AR3) has made significant strides in advancing its Koppamurra Rare Earths Project, securing pilot-scale processing at ANSTO’s new facility and raising $6 million post-quarter to fund development. Concurrently, promising uranium targets have been identified at its Overland Project.

Moab Minerals has terminated its acquisition of the Sasare Cu-Au Project in Zambia and is now concentrating on advancing its Manyoni Uranium Project in Tanzania, buoyed by strong uranium prices and strategic tenement acquisitions.

Connected Minerals has completed its Phase 2 drilling at the Etango North-East Uranium Project in Namibia, with 17 of 23 holes returning economic uranium grades, reinforcing its geological model and setting the stage for further exploration.