Uranium
Projects
Major Uranium Projects Worldwide
The development pipeline for Uranium projects spans exploration through production across multiple jurisdictions. We track 4 key projects that will shape the future supply landscape for this energy mineral.
Current Production
60,000
tonnes U
Top Producer
Kazakhstan
43% share
Projects Tracked
4
Reserves
6.1 million tonnes U (RAR <$130/kg)
Uranium Project Pipeline
The following projects represent the most significant Uranium operations and development-stage assets worldwide:
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
Phoenix/Gryphon
Denison Mines
Ultra-high-grade deposits in the Athabasca Basin being evaluated for ISR mining
Government Support and Strategic Initiatives
Recognizing the strategic importance of Uranium, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Uranium projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Uranium projects within the EU and partner nations.
Key Industry Developments
Recent developments affecting the Uranium project landscape:
Uranium spot price peaked at $136/lb during the nuclear renaissance speculative bubble
Fukushima disaster crashed uranium prices from $70 to $28/lb; Japan shut all 54 reactors; Germany announced nuclear phase-out
Prices bottomed at $18/lb; Cameco suspended McArthur River mine and Kazatomprom implemented production cuts
Sprott Physical Uranium Trust launched, purchasing millions of pounds of physical uranium and catalyzing a price recovery from $30 to $50/lb
Uranium prices surged past $100/lb for the first time since 2007 driven by nuclear energy revival, SMR enthusiasm, AI data center power demand, and supply constraints
Niger military coup disrupted Orano uranium operations; Kazatomprom warned of production shortfalls due to sulfuric acid supply constraints; supply deficit narrative intensified
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.
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