Latest Uranium News

QX Resources has contracted New Resolution Geophysics to conduct a detailed airborne radiometric survey at its Madaba Uranium Project in Tanzania, aiming to refine exploration targets ahead of maiden drilling in early 2026.

Lotus Resources plans a significant share consolidation to better align its capital structure with its ASX300 status, aiming to attract a broader investor base. The move, subject to shareholder approval, coincides with a proposed update to the company’s constitution.

Moonlight Resources Limited is set to raise A$10 million through a fully underwritten IPO, targeting exploration and development of its diverse mineral projects across Australia. The offer includes 50 million shares priced at $0.20 each, with free options attached.

Power Minerals Limited retracts non-JORC historical data for its Gamma Project in California while progressing critical mineral projects across three continents, supported by strong drilling results and fresh capital raises.

Snow Lake Resources has secured a crucial no objection from Australia’s Foreign Investment Review Board for its proposed acquisition of Global Uranium and Enrichment Limited, paving the way for the transaction’s next steps. The independent GUE board unanimously recommends shareholders back the scheme, pending expert endorsement.

Antares Metals Limited (ASX, AM5) has announced a significant acquisition of gold and base metals assets in Western Australia, positioning itself for a maiden drilling campaign in early 2026.

American Rare Earths has appointed mining veteran Mark Wall as CEO to lead its transition from exploration to production, focusing on advancing its flagship Halleck Creek project and expanding its U.S. market presence.

Mandrake Resources has inked a binding agreement with DISA Technologies to recover uranium and critical minerals from abandoned mine waste across its expansive Utah Project, tapping into a growing US government-backed market.

New Frontier Minerals has completed a $2.25 million placement to professional investors, issuing over 107 million shares and promising additional attaching options early next year. This capital injection aims to accelerate exploration at its key projects in the Northern Territory and Queensland.

Greenvale Energy has raised approximately AUD 856,000 through an oversubscribed Share Purchase Plan, strengthening its uranium exploration efforts in Queensland and the Northern Territory.

Heavy Rare Earths Limited has confirmed significant polymetallic mineralisation at its Prospect Hill Project in South Australia, revealing high-grade silver, copper, zinc, and lead alongside tin. The company plans a maiden drilling program to upgrade South Ridge to a JORC-compliant Mineral Resource Estimate.

Lotus Resources reports promising progress at its Kayelekera uranium mine, targeting steady state production by Q1 2026 despite recent sulphuric acid supply constraints. The company is addressing supply issues with new sourcing and an on-schedule acid plant rebuild.