Latest Uranium News

Peninsula Energy’s low-pH uranium restart delivered stronger grades but struggled to move enough solution through the Lance wellfields, forcing guidance to be withdrawn and triggering a US$50.1 million impairment. Auditors flagged material uncertainty over the company’s ability to continue as a going concern, despite fresh funding and a reconfirmed CY2027 production target.

Pioneer Minerals has warned of a material uncertainty over its ability to continue as a going concern after closing FY2026 with just A$80,302 in cash. The company is relying on a proposed A$2.5 million capital raising while pushing its Idaho tungsten-gold-gallium project towards maiden drilling.

Eclipse Metals has enlarged its flagship Grønnedal rare-earth resource to 208 million tonnes and added a maiden Ivigtût critical-minerals inventory. The gains came alongside a higher annual loss, a material going-concern uncertainty and an unresolved legal claim.

Adavale Resources has expanded its Parkes gold inventory to 383,300 ounces and consolidated a 610-square-kilometre position around London-Victoria and Calarie. The gains came alongside a larger annual loss, A$4.95 million in operating cash outflows and an auditor warning that future funding remains critical.

NGX Limited (ASX:NGX) has warned of a material uncertainty over its ability to continue as a going concern after cash reserves fell to A$1.65 million. The minerals explorer says it will need additional working capital through September 2027, despite advancing graphite, rutile and uranium projects.

Peninsula Energy has reported stronger flow rates from several Lance header houses, including HH17 operating above its design target and new wells delivering higher rates and grades. The company is retaining its 2027 production guidance while slowing capital deployment until the operating improvements are proven over time.

Manhattan Gold Corporation (ASX:MHC) has emerged from a transformational year with encouraging Hook Lake drilling, expanded tenure and a sharper gold focus, but no compliant resource yet and only A$2.01 million in year-end cash. The company reported an A$8.90 million loss after absorbing exploration costs and a large loss on its lithium divestment.

Basin Energy’s maiden drilling at Newmans has outlined a 3.3 km shallow magnet rare earth corridor within its expanding Sybella-Barkly project. But the ASX-listed explorer remains pre-revenue, reported a larger annual loss and faces a material uncertainty over its ability to continue funding operations.

Lotus Resources delivered first uranium production from Kayelekera in more than a decade, but its first operating year brought a $100.1 million loss, heavy cash burn and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The mine produced 332.1 thousand pounds of U3O8 before acid supply problems forced a temporary processing pause.

Lincoln Minerals has moved Minbrie’s Eagle Ridge prospect towards diamond drilling after air core work supported its geological model. But the ASX-listed explorer remains loss-making, cash-burning and dependent on further funding to continue its exploration program.

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.

Strata Minerals has shifted from broad exploration to a Zelica-centred Western Australian gold strategy, pairing strong drilling results with a proposed capital-light mining pathway funded by BML Ventures. The opportunity is growing, but the company remains loss-making and warns that further funding may be required to continue as a going concern.