Latest Uranium Market News

Elevate Uranium has raised $25 million through a well-supported placement, boosting its cash reserves to nearly $44 million. The funds will accelerate its proprietary U-pgrade™ pilot plant and expand uranium resource drilling in Namibia and Australia.

Energy Metals Limited reports promising high-grade uranium intersections from recent drilling at its Ngalia Regional Project, supported by a robust cash position and a strengthening uranium market.

Lotus Resources has marked a major milestone with first yellowcake production at its Kayelekera uranium mine in Malawi, progressing steadily towards full production in early 2026 while advancing its Letlhakane project in Botswana.

Greenvale Energy’s recent spectral gamma logging at the Oasis Uranium Project reveals significant high-grade uranium extensions, reinforcing the deposit’s scale potential and prompting a new trenching program.

Cauldron Energy has taken a significant step forward at its Yanrey Uranium Project by signing a non-binding MOU with Uzbekistan’s Navoiyuran, while preparing for a major drilling campaign amid a shifting regulatory landscape in Western Australia.

Deep Yellow Limited reports significant progress on its flagship Tumas Project in Namibia, highlighted by promising high-grade uranium discoveries at the S-Bend prospect and steady advancement of infrastructure and engineering works. Meanwhile, leadership changes and a robust cash position set the stage for the company’s next growth phase.

American Uranium has initiated Phase 1 of a two-stage drilling campaign at its Lo Herma ISR Uranium Project in Wyoming, aiming to grow and upgrade its existing 8.57 million pound uranium resource ahead of key 2026 milestones.

Aura Energy has made significant strides in funding and development of its Tiris Uranium Project in Mauritania, while legislative progress in Sweden could unlock value at its Häggån Polymetallic Project. Rising uranium prices and secured offtake agreements underpin a positive outlook.

Deep Yellow Ltd announces the departure of long-serving CEO John Borshoff, with CFO Craig Barnes stepping in as interim leader while a global search for a successor continues.

Bannerman Energy reports solid progress at its Etango Uranium Project, securing initial offtake agreements and maintaining robust financial health as it targets a Final Investment Decision within the next year.

Boss Energy reveals new uranium mineralisation near its Alta Mesa project in Texas, following enCore Energy’s re-analysis of historic drill data. Further drilling is planned to explore the potential expansion.

IsoEnergy Ltd. is set to acquire Toro Energy Ltd., combining two significant uranium portfolios to create a diversified global player with flagship projects in Australia, Canada, and the U.S. This strategic merger positions the new entity to capitalize on rising uranium demand amid a tightening market.