Category: Uranium

Namibia Set to Export 40 Million Pounds of Uranium Annually as New Mines Drive Global Energy Supply By the end of this decade, Namibia could host six operating uranium mines, exporting nearly 40 million pounds annually to meet growing global demand for clean, reliable baseload energy. From Rössing’s historic legacy pits to the greenfield sites of Etango-8, uranium is reshaping Namibia’s desert, and the stakes have never been higher. Three advanced projects in the Erongo Region are set to expand Namibia’s uranium portfolio. Bannerman Energy’s Etango-8 project is the most… Read More Here

Paladin Energy Forecasts 4.4M lbs Uranium Output in FY2026 as Langer Heinrich Mine Ramps Up Australia- and Canada-listed Paladin Energy has released its financial year 2026 (FY2026) guidance for the Langer Heinrich Mine (LHM) in Namibia, forecasting a significant increase in uranium production as operations shift from processing stockpiled ore to primary mined feed. The company anticipates producing between 4.0 million and 4.4 million pounds of uranium oxide (U₃O₈) and expects to sell 3.8 million to 4.2 million pounds over the fiscal year. The cost of production is projected at… Read More Here

Niger has announced plans to nationalize the Somair uranium mine, currently operated by French state-owned company Orano, as tensions between the two parties escalate following the country’s 2023 military coup. The decision is part of a broader trend across West Africa, where governments are increasingly reclaiming control over natural resources. Recent nationalizations in Mali and Burkina Faso have raised concerns among international mining companies and investors with significant financial stakes in the region. In a statement issued late Thursday, the Nigerien government accused Orano of disproportionately benefiting from Somair’s uranium… Read More Here

In a bold move to enhance its strategic autonomy, Morocco has unveiled a $100 million investment by URANEXT, a state-owned company affiliated with the OCP Group (Office Chérifien des Phosphates). The project focuses on extracting uranium from phosphate deposits near Jorf Lasfar—locally known as Yellow Cliff—leveraging Morocco’s vast phosphate reserves to position the country as a key player in the global uranium industry. This initiative marks a transformative leap for Moroccan industry, shifting the traditional phosphate sector toward advanced resource extraction and technological innovation. Significantly, the project is fully funded… Read More Here