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

Feb 3 Belmont Resources (TSXV: BEA) (FSE: L3L2) Confirms Uranium and Rare Earth Element Potential at the Crackingstone Project Through Modern Re-Assaying News

Feb 3 F3 (TSXV: FUU) (OTCQB: FUUFF) (FSE: GL7) - Starts 3,000 Metre Winter Drill Program at Tetra Zone News

Feb 3 Premier American Uranium (TSXV: PUR) (OTCQB: PAUIF) Announces Closing of Bought Deal Private Placement for Gross Proceeds of C$15 Million News

Feb 2 Global Atomic (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) Announces Closing of Bought Deal Public Offering and Non-Brokered Private Placement for Aggregate Gross Proceeds of C$72.5 Million News

Jan 29 Kirkstone Metals (TSXV: KSM) (FWB:VO0) Initiates Permitting Process On Gorilla Lake Uranium Project News

Jan 28 Refined Energy Corp. (CSE: RUU) (OTC: RRUUF) (FRA: CWA0) Comments on Unprecedented Global Uranium Supply Deficit and U.S. Nuclear Policy Acceleration News

Jan 27 IsoEnergy (NYSE American: ISOU) (TSX: ISO) Completes C$57.5 Million Bought Deal Financing News

Jan 27 Terra Clean Energy Corp. (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0) Applauds Utah’s Mission Critical Policy Framework for Critical Minerals Announced by Governor Cox News

Jan 26 Purepoint (TSXV: PTU) (OTCQB: PTUUF) Commences 2026 Drilling Program At Dorado Following Nova Uranium Discovery News

Jan 26 Sprott Physical Uranium (TSX: U.UN) (TSX: U.U) Trust Updates Its “At-the-Market” Equity Program News

Jan 26 Nexus Uranium (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) Submits FAST-41 Application for Chord Project to Enhance Federal Permitting Coordination News

Jan 23 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Commences Ground Gravity Survey on Additional High Priority Drill Targets News

Jan 22 UraniumX Discovery Corp. (CSE: STMN) Announces Non-Brokered Life Offering News

Jan 22 Skyharbour (TSXV:SYH) (OTCQX:SYHBF) (Frankfurt:SC1P) Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures News

Jan 22 Noble Plains Uranium (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) Delivers Highest-Grade Intercept to Date as Duck Creek Drilling Continues to Confirm Continuity News

Jan 22 Homeland (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) Expands Drilling to Central Area of Coyote Basin Uranium System News

Jan 21 Azincourt Energy (TSXV: AAZ) (OTCQB: AZURF) Samples 6.28% U3O8 at Harrier Uranium Project News

Jan 21 Nexus Uranium (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) Closes Acquisition of 100% Interest in Chord Uranium Project Ahead of March Permit Hearing News

Jan 21 Cosa (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) Announces Winter 2026 Drilling Plans for Joint Ventures with Denison Mines (TSX: DML) (NYSE American: DNN) News

Jan 20 IsoEnergy Ltd. (TSX: ISO) (NYSE American: ISOU) Announces $50 Million Bought Deal Financing News

Jan 20 Laramide (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) to Abandon Kazakhstan Greenfield Uranium Effort Due to Newly Enacted Government Policy Changes News

Jan 20 Premier American Uranium (TSXV: PUR) (OTCQB: PAUIF) Expands Mineralization at Kaycee ISR Uranium Project in Wyoming Following 100,000+ ft Drill Program News

Jan 20 F3 (TSXV: FUU) (OTCQB: FUUFF) Files NI 43-101 Technical Report for Previously Announced Initial Indicated Mineral Resource 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. ...
More>>

Uranium News Scan
Source: Mining.com
February 2, 2026
Kazatomprom plans 9% uranium output rise this year

January 30, 2026
Niger attack endangered uranium stockpile near main airport

January 29, 2026
Uranium entering multi-year structural bull market: report

January 27, 2026
CHARTS: Mining M&A surges as Canada deal values hit post-2009 high

January 23, 2026
EnergyX enters nuclear materials market

January 22, 2026
Op-Ed: When mining's leaders no longer fit the moment

January 20, 2026
Energy Fuels to buy Australian Strategic Materials in $300M deal

January 19, 2026
Canadian government bank has billions to back critical mineral projects

January 16, 2026
What mining investors should watch for in 2026: Sprott

January 10, 2026
Meta, Sprott power nuclear revival


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