Latest Uranium News

Sabre Resources has expanded into a 4,000-square-kilometre Northern Territory gold and copper-gold portfolio, but its FY2026 loss more than doubled as cash declined. The company now has drilling underway and fresh capital, alongside a growing funding and dilution burden.

Thor Energy has pushed HY-Range closer to drilling after recording natural hydrogen readings of up to 3% and commissioning a 464 line-kilometre seismic survey. But the annual report also carries an explicit material uncertainty over going concern, leaving funding as the project’s immediate constraint.

NewPeak Metals reported a $4.36 million FY2026 profit, but the result was driven mainly by fair-value gains and investment disposals rather than mining revenue. The auditor has flagged a material uncertainty over going concern even after the explorer secured a post-year-end $3.5 million placement.

Osmond Resources has outlined a 60.0 million tonne maiden JORC resource at its Orión critical minerals project in Spain, but most of the inventory remains Inferred and unproven economically. The company will resume drilling in October, with an updated estimate targeted for the first quarter of 2027.

Tarrina Resources has identified five kilometre-scale IOCG target zones at Walparuta after soil sampling returned copper values up to 2,891 ppm and gold up to 466 ppb. The planned 23-hole drill campaign remains subject to native title, heritage, land access and government approvals.

Atomic Eagle has begun a technical review aimed at determining whether its 60%-owned Madaouela uranium project in Niger can support a materially larger development than outlined in the 2022 feasibility study. The company is targeting a JORC-compliant resource in Q4 2026 and a scoping study in Q1 2027.

Core Energy Minerals has expanded into an advanced Namibian uranium joint venture, but its annual report flags a material uncertainty over continued operations. The explorer reported a $3.369 million loss, $469,346 in cash and a $1.49 million working-capital deficit for 2026.

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.

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.

Mamba Exploration cut its FY2026 loss sharply and ended the year with A$1.19 million in cash after acquiring 70% of the Meeka East Gold Project. But the annual report says additional debt or equity funding is required to sustain exploration, creating a clear financial test for the new Western Australian strategy.

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.

Minerals Exploration has pivoted decisively into New Zealand gold and tungsten, but its annual report carries a material going-concern warning after a $2.66 million loss and $949,097 operating cash outflow. Exploration has produced encouraging surface samples and broad gold zones, though no mineral resource has been established.