Uranium
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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

Apr 14 Purepoint Uranium (TSXV: PTU) (OTCQB: PTUUF) Reports 73,100 CPS Peak within 17,700 CPS Average over 1.8 Metres at Nova Discovery News

Apr 14 Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) Announces LIFE Offering for up to C$900,000 News

Apr 14 Bedford Metals (TSXV: BFM) (FWB: 08D) (ISIN: CA0762301012) Announces Closing of Private Placement News

Apr 13 Global Uranium Corp. (CSE: GURN) (OTC: GURFF) (FRA: Q3J) Announces Completion of Geological Mapping at the Airline Project in Wyoming News

Apr 10 Vanguard Mining (CSE: UUU) (OTCID: UUUFF) (Frankfurt: SL51) Announces Proposed Acquisition of Quark Uranium Ltd. News

Apr 9 Atomic Minerals (TSXV: ATOM) (OTCQB: ATMMF) (FSE: DO8) Highlights Strategic Role Amid Possible Iran Ceasefire and Project Vault Defense Initiatives News

Apr 9 ReeXploration (TSXV: REE) (FSE: K2I0) Intersects Widespread Bedrock Radioactivity in Maiden Uranium Drilling Program at Eureka Project, Namibia News

Apr 7 URZ3 Energy Corp. (TSXV: URZ) (OTCQB: URZEF) Expands Footprint in the Powder River Basin with New Claims and State Lease Acquisitions News

Apr 7 Blue Sky Uranium (TSXV: BSK) (FSE: MAL2) (OTCQB: BKUCF) Commences Diamond Drilling at Ivana East Target, 10 kilometres Northeast of the Ivana Uranium Deposit within the Amarillo Grande District, Argentina News

Apr 7 Uranium Mining Industry Report 2026: Reserves, Production, Major Operating Mines, Competitive Landscape, Major Exploration and Development Projects 2025-2035 News

Apr 2 CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) Announces Board Change News

Apr 2 Stallion Uranium (TSXV: STUD) (OTCQB: STLNF) (FSE: B76) Reports Serious Injury Incident Involving Two Contractors at Moonlite Project News

Apr 2 Anfield Energy Inc. (TSX.V: AEC) (NASDAQ: AEC) (FRANKFURT: 0AD) Submits Notice of Intent for Underground Drilling Program at SM-18 Uranium-Vanadium Project in Colorado, Advancing Fourth Mine in Hub-and-Spoke Strategy News

Apr 2 Refined Energy (CSE: RUU) (OTC: RRUUF) (FRA: CWA0) Completes Maiden Drill Program at Dufferin West, Intersects Unconformity News

Apr 1 Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) Signs Option Agreement to Earn a 100% Interest in the Jackson Lake Uranium Property located in Northeastern Saskatchewan News

Apr 1 Nexus Uranium (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) Closes on Seven High-Grade Uranium Targets in America's Most Prolific Breccia Pipe District News

Apr 1 Skyharbour (TSXV: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) Announces Drilling Underway and Renewed Permit at the High-Grade Moore Lake Uranium Project, Saskatchewan News

Apr 1 Appia (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) Completes SPARTAN MT Survey at its Otherside Uranium Property News

Mar 31 Strathmore (CSE: SUU) (OTCQB: SUUFF) Continues to Advance Agate Project with 2026 Drilling Program News

Mar 31 F3 (TSXV: FUU) (OTCQB: FUUFF) Hits 3.0m of 1.19% U3O8 at Tetra Zone News

Mar 31 F4's (TSXV: FFU) Murphy Lake, Todd Lake and Wales Lake Projects to Be the Focus of Summer Exploration News

Mar 31 Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) Provides Company Update Across Seven Rare Earth and Uranium Assets; Reports Approximately $10 Million Raised over Four Months 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
April 10, 2026
Paladin targets 2027 uranium decision on Patterson Lake South

April 8, 2026
Uranium Energy adds second ISR operation with Burke Hollow start

April 4, 2026
Top 50 mining companies power through Iran war – up $250 billion in 2026

March 31, 2026
Paladin Energy says Saskatchewan project nod facing judicial review

March 25, 2026
Energy Fuels boosts rare earths capacity with first terbium output

March 24, 2026
Uranium Energy expands production capacity, advances refinery licensing

March 24, 2026
Australian energy, uranium seen in demand post Iran crisis – IEA

March 20, 2026
Trump, Takaichi unveil $40 billion US nuclear project

March 20, 2026
Zijin's investment unit aims to expand strategic metal portfolio

March 19, 2026
Myriad Uranium sells New Mexico project to tech venture for 6X return


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