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.
 
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Uranium Mining Area Play

News and Editorials

Jul 16 Blast Resources (CSE: BLST) (FRA:O0E) (OTCQB: BLSRF) Announces Strong Uranium/Thorium Anomalies on Britts Lake Claims in Athabasca Basin Region, Saskatchewan News

Jul 16 Purecore (CSE: PURE) (FSE: J8Y) Signs Letter of Intent with Skyharbour to Option the Yurchison Uranium Property in Athabasca Basin News

Jul 16 American Atomics (CSE: NUKE) (OTC: NUKUF) (FWB: Q3B) Completes and Files NI 43-101 Technical Report on its Lisbon Valley East News

Jul 16 Noble Plains Uranium (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) Launches Geophysics Program through University of Wyoming to Detect Buried Uranium Mineralization News

Jul 15 Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) Announces Termination of Option Agreement for the Hearty Bay Project News

Jul 14 Standard Uranium (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) Confirms Uranium Enrichment in All Winter 2026 Drill Holes at the Corvo Uranium Project News

Jul 14 Aventis Energy (CSE: AVE) (FRA: C0O0) (OTC: VBAMF) Confirms Uranium Enrichment in all Winter 2026 Drill Holes at the Corvo Uranium Project News

Jul 14 Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) Reports Finalized Metrics from Completed Airborne Survey at the Aurora Uranium Project News

Jul 14 CanAlaska (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) Announces Results from Nebula Winter Drill Program News

Jul 13 Premier American Uranium (TSXV: PUR) (OTCQB: PAUIF) Successfully Completes Drilling Program at Cebolleta Project, New Mexico and Delivers Samples for Advanced Metallurgical Testing News

Jul 13 Myriad Uranium (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) Provides Update on Process to Close Acquisition of Rush Rare Metals: Rush's Information Circular Has Been Filed and Meeting Date Set News

Jul 10 IsoEnergy (TSX: ISO) (NYSE American: ISOU) To Become Strategic Shareholder Of UraniumX (CSE: STMN) (OTCQB: STMXF) (FSE: Q7S) As Company Agrees To Acquire Dieter Lake Uranium Project News

Jul 9 F4 Uranium (TSXV: FFU) Announces Closing of Brokered Private Placement for Gross Proceeds of C$1.0 Million News

Jul 9 Foremost Clean Energy (NASDAQ: FMST) (CSE: FAT) To Earn Majority Interest Across Athabasca Uranium Portfolio Under Denison Option Agreement News

Jul 9 Noble Plains Uranium (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) Completes Shirley Central Historical Drill Database, Unlocking 341 Uranium Intercepts News

Jul 8 ATHA Energy (TSXV:SASK) (FRA:X5U) (OTCQX:SASKF) Makes Major New High-Grade Discovery along the Lac 50 Corridor - Intersects 11.5 m of Composite Uranium Mineralization Including 1.6 m of Near Continuous High-Grade 4 km Along Strike from Lac 50 Deposit Area News

Jul 8 CanAlaska (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) Announces Senior Management Change News

Jul 7 Anfield Energy Inc. (NASDAQ: AEC) (TSX.V: AEC) (FRANKFURT: 0AD) Receives ATF Blasting Permits for Utah and Colorado Mines News

Jul 7 F3 (TSXV: FUU) (OTCQB: FUUFF) Issues Common Shares Debt Settlement of Interest Owed News

Jul 7 F4 (TSXV: FFU) and UraniumX Confirm Two Radioactive Trends Through Drilling at Murphy Lake News

Jul 7 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Defines Priority Target Areas from VTEM Survey on Stone Island Target, Moonlite Project News

Jul 7 Western Uranium & Vanadium (CSE: WUC) (OTCQX: WSTRF) Reports a Greater Than 40% Grade Increase In The Final Assays of Uranium Deliveries 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
July 15, 2026
Cameco restarts Cigar Lake uranium mine 

July 15, 2026
Mining companies are on their own in the Sahel, says risk analyst

July 14, 2026
SuperCritical lands US Gov't licence for seawater uranium

July 14, 2026
Elevate Uranium buys Marenica stake to build Erongo scale

July 14, 2026
Canada bets on digital hub to speed mine permitting

July 13, 2026
Brazil draft rule opens uranium mining to private partners

July 13, 2026
India to invest in foreign uranium mines

July 12, 2026
India power giant seeks uranium assets overseas in nuclear push

July 10, 2026
Canada's 20-year mine timeline hits multibillion-dollar wall

July 9, 2026
Australia agrees to sell uranium to India during Modi visit


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