Uranium
Companies
Key Companies in the Uranium Value Chain
The Uranium industry encompasses at least 6 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 60,000 tonnes U and prices around 85-100 $/lb U3O8, the Uranium market supports a diverse corporate ecosystem.
Annual Production
60,000
tonnes U
Market Price
85-100
$/lb U3O8
Top Producer
Kazakhstan
43% share
Companies Tracked
6
Major Producers and Processors
The following companies are key participants in the Uranium supply chain:
Kazatomprom
Worlds largest uranium producer (~43% of global output); operates ISL mines across Kazakhstan; London and Astana dual-listed
Cameco
Second-largest uranium producer; operates McArthur River (worlds highest-grade mine) and Cigar Lake in Saskatchewans Athabasca Basin; also owns 49% of Westinghouse nuclear fuel division
Orano (formerly Areva)
French state-controlled nuclear fuel company; mines uranium in Niger and Kazakhstan; operates the La Hague reprocessing plant and Georges Besse II enrichment facility
CGN Mining (China General Nuclear)
Chinese state nuclear company acquiring uranium supply globally; significant offtake agreements with Kazatomprom and other producers
Sprott Physical Uranium Trust
Closed-end trust that purchases and holds physical uranium; has removed >60 million lbs from the market since 2021, tightening supply
NexGen Energy
Developing the Rook I project in Saskatchewans Athabasca Basin, one of the worlds largest undeveloped high-grade uranium deposits
Active Operations and Development Projects
These are the key Uranium operations and development-stage projects associated with the companies above:
McArthur River/Key Lake
Cameco/Orano
Worlds largest high-grade uranium mine (~16% U3O8 average grade); suspended 2018-2023 due to low prices; restarted in 2024 as prices recovered
Rook I (Arrow Deposit)
NexGen Energy
One of the highest-grade undeveloped uranium deposits globally; potentially transformative new supply source in the Athabasca Basin
Dasa Project
Global Atomic
High-grade sandstone uranium deposit in Niger; one of few new mines under construction globally
Corporate Strategy Trends
Major consumers of Uranium across the nuclear power generation and nuclear naval propulsion sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 43% concentration in Kazakhstan.
More on Uranium
Explore other aspects of the Uranium value chain.
Uses & Applications
Explore uses & applications for Uranium.
Supply Chain
Explore supply chain for Uranium.
Mining & Processing
Explore mining & processing for Uranium.
Refining & Grade Specs
Explore refining & grade specs for Uranium.
Recycling
Explore recycling for Uranium.
Substitutes
Explore substitutes for Uranium.
Return to the Uranium hub page or browse the full Mineral Library.