Uranium
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Supply of Uranium

Analysis of Uranium supply to 2050

Nuclear and Uranium Glossary
 
 
 
 
Facts (Source: World Nuclear Association)
Uranium is a naturally-occurring element in the Earth's crust. Traces of it occur almost everywhere, although mining takes place in locations where it is naturally concentrated. To make nuclear fuel from the uranium ore requires first for the uranium to be extracted from the rock in which it is found, then enriched in the uranium-235 isotope, before being made into pellets that are loaded into the nuclear fuel assembly.
Uranium mines operate in some twenty countries, though about half of world production comes from just ten mines in six countries, in Canada, Australia, Niger, Kazakhstan, Russia and Namibia.
At conventional mines, the ore goes through a mill where it is first crushed. It is then ground in water to produce a slurry of fine ore particles suspended in the water. The slurry is leached with sulphuric acid to dissolve the uranium oxides, leaving the remaining rock and other minerals undissolved, as mine tailings.
However, nearly half the world's mines now use a mining method called in situ leaching (ISL). This means that the mining is accomplished without any major ground disturbance. Groundwater with a lot of oxygen injected into it is circulated through the uranium ore, extracting the uranium. The solution with dissolved uranium is pumped to the surface.
Both mining methods produce a liquid with uranium dissolved in it. This is filtered and the uranium then separated by ion exchange, precipitated from the solution, filtered and dried to produce a uranium oxide concentrate (U3O8), which is then sealed in drums. This concentrate may be a bright yellow colour, hence known as 'yellowcake', or if dried at high temperatures it is khaki.
 
Uranium Mining Company Search

 
Uranium Mining Area Play

News and Editorials

Aug 28 Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) Announces Closing of Non-Brokered Flow-Through Private Placement News

Aug 28 Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) Files Early Warning Report with Respect to Rio Grande Resources News

Aug 28 Canadian Uranium (CSE: CANU) Announces Filing Of Amended And Restated Financial Statements And MD&A News

Aug 27 Purepoint Uranium Group Inc.(TSXV: PTU) (OTCQB: PTUUF) Closes Private Placement News

Aug 27 Anfield Energy (TSXV: AEC) (NASDAQ: AEC) (FRANKFURT: 0AD) Completes First Underground Blast in Nearly 40 Years at Velvet-Wood Mine News

Aug 27 SAGA Metals (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) Highlights Historic $70 Billion Clean Energy Investment and Strategic Infrastructure Commitments in Labrador News

Aug 26 Xcite Uranium (CSE: XRI) Reports Anomalous Radioactivity up to 51978 cps from First Drillholes at Don Lake Uranium Project, Saskatchewan News

Aug 25 F3 (TSXV: FUU) (OTCQB: FUUFF) Intersects Strong Alteration and Structure in 950 m Stepout from Tetra Zone News

Aug 25 NexGen (TSX: NXE) (NYSE: NXE) (ASX: NXG) Expands High-Grade Subdomain Vertical Extent by 17% to 644 m and Intersects Continuous Strong Mineralization Across Patterson Corridor East (PCE) while Adding Fifth Drill to Advance Optimally News

Aug 24 CORRECTION FROM SOURCE: Myriad Uranium (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) Announces Preliminary Radiometric Results from Lucky Cliff Drilling News

Aug 21 Myriad Uranium (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) Completes Acquisition of Rush Rare Metals News

Aug 21 Global Uranium Corp. (CSE: GURN) (OTC: GURFD) (FRA: Q3J0) Announces Conversion of Convertible Debentures News

Aug 20 UraniumX (CSE:STMN) (OTCQB:STMXF) (FSE:Q7S) Completes Acquisition of the Dieter Lake Uranium Project; IsoEnergy Becomes Strategic News

Aug 20 Standard Uranium (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) Highlights Uranium Fertile System at the Corvo Uranium Project News

Aug 20 Xcite Uranium (CSE: XRI) Commences Drill Program at the Don Lake Uranium Project, Saskatchewan News

Aug 20 Ur-Energy (NYSE American:URG) (TSX:URE) Announces First Shipment of Uranium from Shirley Basin Mine, Wyoming News

Aug 20 Aventis Energy (CSE: AVE) (FRA: C0O0) (OTC: VBAMF) Highlights Uranium Fertile System at the Corvo Uranium Project News

Aug 19 Global Energy Metals (TSXV:GEMC) (OTC:GBLEF) (FSE:5GE2) Highlights Advancement of Terra Balcanica's Athabasca Basin Uranium Portfolio News

Aug 19 IsoEnergy (NYSE American: ISOU) (TSX: ISO) and DISA Technologies Announce Closing of Transaction to Form DISA Uranium Corporation News

Aug 19 Terra Balcanica (CSE:TERA) (FRA:UB1) (OTCQB:TEBAF) Spin Off Terra North Resources Corp. to Start Airborne Geophysics over Charlot-Neely Lake Claims in Saskatchewan News

Aug 19 F4 (TSXV: FFU) (OTCQB: FFUCF) Stakes New Drill-Ready Project at Kelic Lake News

Aug 18 Purecore (CSE: PURE) (FSE: J8Y) (OTCQB: PPURF) Commences Trading on OTCQB to Expand US Investor Access News

Aug 18 Blue Sky Uranium (TSXV: BSK) (FSE: MAL2) (OTCQB: BKUCF) Initiates New Joint-Venture Exploration Program at Amarillo Grande News

Aug 18 Appia (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) Announces the Appointment of Kurt Radtke as President Effective September 1, 2026 News
More>>

The largest-producing uranium mines in 2024
Name Country tU
McCarthur River/Key LakeCanada7808
Cigar LakeCanada6501
HusabNamibia4437
Karatau (Budenovskoye 2)Kazakhstan3299
Inkai, sites 1-3Kazakhstan2992
Akdala & South Inkai 4Kazakhstan2803
Olympic DamAustralia2693
Moinkum & TortkudukKazakhstan2388
RössingNamibia2205
Khorassan 1Kazakhstan2030
Source: World Nuclear Association

Feature Presentation
The Athabasca Basin in Northern Saskatchewan hosts the world's largest and highest grade uranium deposits accounting for 1/3 of the global uranium supply, a figure which is expected to increase significantly by the end of the decade. The Basin has witnessed a rush in claim staking activity since 2004 due to the rise in the price of uranium to about US$40/lb (March 13, 2006). At present, there are more than 30 companies exploring for uranium in the Basin.
Full coverage of the Athabasca Basin

Uranium Industry Overview (Mar - May 2021)

Sprott Commentary
Uranium’s Tale of Two Markets:
Dec 15, 2025
The uranium market's short-term volatility has masked strengthening fundamentals, as long-term prices rise, supply tightens and policy commitments translate into greater demand for nuclear power. With capital flowing into miners, upstream fundamentals improving and policy alignment accelerating, we believe the uranium market is well positioned for a stronger setup in 2026. ...
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Uranium News Scan
Source: Mining.com
August 28, 2026
Governments become ‘deal participants' as critical minerals race accelerates 

August 26, 2026
NexGen expands Sask program after high-grade uranium results

August 25, 2026
Atomic Eagle claws back Niger uranium project

August 24, 2026
Ontario ready to cut off electricity, critical minerals to US amid trade war

August 23, 2026
Niger awards former Orano-operated uranium mine to state company

August 21, 2026
Europe relies increasingly on Russia for uranium needs, Sprott says

August 21, 2026
Centrus sees US military as key market for its enriched uranium

August 17, 2026
Canadian miner NexGen Energy holds talks with BHP as it seeks $1 billion for uranium project 

August 14, 2026
NexGen starts $1.6 billion uranium build to rival top mines

August 13, 2026
Nuclea to acquire Moltex Energy's nuclear technology assets


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