Latest Uranium News

Powerhaus Uranium entered the ASX with a $2.14 million annual loss, $1.51 million operating cash outflow and net liabilities at 30 June 2026. A subsequent $9 million IPO and the Hidden Bay acquisition have given the early-stage explorer a larger exploration runway, but drilling remains subject to approvals and future funding will still matter.

Connected Minerals has made Angola’s Bailundo niobium and rare earths project its flagship after writing off A$3.40 million in Namibian and Western Australian exploration assets. The pivot is now backed by a completed A$4.5 million placement and a planned 6,000-metre drilling campaign, but Bailundo remains an exploration-stage project without a declared resource.

Barys Resources has opened a 1-for-1 renounceable entitlement offer priced at $0.01 a share, targeting gross proceeds of up to approximately $2.6 million. The partially underwritten raise is scheduled to close on 7 October 2026.

Advanced Engineered Materials is forecasting a sharp lift in second-half sales as its Quebec high-purity alumina operation moves from qualification work towards commercial production. The larger prize is a possible 6,000-tonne-per-year expansion, but that plan still depends on feasibility, financing and final investment approval.

Cannindah Resources has reported preliminary NovaCell testwork recovering 94% of copper and 92% of silver at a substantially coarser grind, while rejecting 82% of processed material. The results could support a higher-throughput, lower-energy processing route, although gold recovery and concentrate quality still require further work.

Advanced Engineered Materials is targeting a sharp increase in high-purity alumina sales while laying the groundwork for a possible doubling of Cap-Chat capacity to 6,000 tonnes per annum. The opportunity is substantial, but much of the customer pipeline remains uncontracted and the expansion still depends on feasibility work, financing and a final investment decision.

Gibb River Diamonds reported a A$5.61 million profit after receiving a A$7 million pre-GST distribution from its Neta gold joint venture. The cash windfall leaves the explorer with A$6.74 million in the bank, but its next challenge is converting a one-off mining payment into a credible development pipeline.

Bannerman Energy has opened a non-underwritten share purchase plan targeting approximately A$10 million to support construction and working capital at its Etango uranium project in Namibia. The offer gives eligible Australian and New Zealand shareholders access to the same A$4.00 issue price as the company’s A$124 million institutional placement.

Anson Resources has completed environmental baseline surveys at its Yellow Cat uranium-vanadium project in Utah, clearing a stated hurdle ahead of planned drilling. The next test is whether twin holes can validate historical high-grade results and support a maiden JORC 2012 resource estimate.

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.

Albright Metals will surrender its Gabanintha mineral rights to Australian Vanadium in return for $1.75 million, a 0.75% royalty and a sharper focus on its Canadian flagship. The package includes $500,000 in cash and $1.25 million of Australian Vanadium shares, although the final share count is yet to be determined.

Atomic Eagle has identified broad interpreted uranium zones at two early-stage exploration targets in Zambia, including a 600m by 200m zone at Muntanga North Target 5. The company still needs follow-up drilling to establish whether the mineralisation is continuous and significant enough to support resource growth.