Latest Uranium Mining News

Cauldron Energy has told the ASX it knows of no undisclosed information behind a sharp fall in its share price and a surge in trading activity. The company has pointed instead to a possible Betashares Global Uranium ETF rebalance, while stressing that explanation remains unconfirmed.

Aurora Energy Metals (ASX:1AE) swung to a $21.8 million profit after selling its Oregon uranium project, but the result was driven largely by a non-cash accounting gain. The company’s concentrated Eagle Nuclear Energy stake was valued at about $15.5 million by the annual report date, down from $23.9 million at 30 June.

Cauldron Energy has expanded its defined Yanrey uranium resource to 55.6 million pounds of U3O8 after a successful exploration year, while warning that further funding will be needed to continue operations. The project remains dependent on a change to Western Australia’s uranium mining policy.

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.

US1 Critical Minerals has warned of a material uncertainty over its ability to continue as a going concern, with only $302,641 in cash at year-end. Its forecast depends heavily on completing a conditional sale of Tanzanian uranium licences for an initial US$1 million.

Bannerman Energy has moved its Etango uranium project materially closer to construction after completing a A$124 million placement and clearing conditions for its CNOL strategic investment. The project is advancing on site, but full-scale construction still depends on Final Investment Decision and completion of the joint venture documentation.

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.

US1 Critical Minerals has agreed to transfer six Tanzanian uranium licences to Bradda Head Lithium for up to US$1.8 million, while retaining its Lilombe Project. The deal remains subject to regulatory approvals and other closing conditions.

Bannerman Energy has launched a fully underwritten A$124 million placement that it expects will fund its share of the Etango uranium project through construction and ramp-up. The raising follows confirmation that CNOL’s strategic investment and joint venture conditions have been satisfied or waived.

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.

Elevate Uranium’s pilot plant for its U-pgrade™ beneficiation process has demonstrated an 88% mass rejection and uranium grade uplift from 89 ppm to 590 ppm at Marenica, validating historic bench-scale results and paving the way for a simpler acid leach process.

Atomic Eagle has re-established a 60% interest in Niger’s Madaouela Uranium Project, adding 116.5 million pounds of uranium resource to its portfolio alongside its flagship Muntanga asset in Zambia, creating a substantial dual-asset platform.