Latest Uranium Sector News

Alligator Energy has begun construction of its Samphire Project Field Recovery Trial near Whyalla, marking a key step towards uranium production amid a strengthening market.

Tombador Iron Limited, soon to be Atomic Eagle Limited, is set to acquire Canadian uranium explorer GoviEx Uranium Inc and relist on the ASX, backed by a $5–10 million capital raise to advance its flagship Muntanga Uranium Project in Zambia.

Snow Lake Resources is set to acquire Global Uranium, creating a leading U.S.-focused uranium developer with a diversified portfolio and enhanced market presence. The merger promises scale, strategic synergies, and exposure to critical nuclear fuel cycle technologies amid supportive U.S. policies.

Koba Resources has identified a new high-grade uranium prospect, Delord, at its Yarramba Uranium Project in South Australia, with drill results exceeding 1,000ppm eU3O8. This discovery reinforces the project's potential and sets the stage for further exploration.

Mustang Energy has initiated a significant 2,000-metre diamond drilling campaign at the Surprise Creek Uranium-Copper Project in Canada’s Athabasca Basin, aiming to extend previously identified high-grade uranium mineralisation.

Alligator Energy has initiated drilling at its Samphire Uranium Project, marking a critical step toward establishing Australia’s next in-situ recovery uranium mine. The company aims to commence field recovery trial operations early next year following regulatory approvals and pilot plant construction.

Peninsula Energy has completed a fully underwritten A$69.9 million equity raising, positioning the company to accelerate uranium production at its key Lance Project in Wyoming.

Lotus Resources has completed a A$65 million placement to bolster its uranium projects in Malawi and Botswana, positioning itself for steady production and future expansion.

Greenvale Energy has initiated its first-ever ground exploration program at the Henbury Uranium Project in the Northern Territory, targeting 21 promising uranium anomalies identified through advanced geophysical analysis.

Lotus Resources has achieved a pivotal milestone by producing its first yellowcake at the Kayelekera Uranium Mine, marking its emergence as a global uranium producer. The company targets ramping up production to 200,000 pounds per month by early 2026.

QX Resources has acquired 100% of the Madaba Uranium Project in Tanzania, a site with promising historical uranium grades, and is raising $2.3 million to advance exploration and development.

Peninsula Energy has successfully completed the first tranche of a fully underwritten A$69.9 million equity raise, securing strong institutional support including cornerstone investors Tees River and Davidson Kempner. The company now opens its retail entitlement offer to shareholders, aiming to fund the ramp-up of uranium production at its Lance Project in Wyoming.