Uranium Stocks List

Cameco produces uranium from McArthur River and Cigar Lake in Saskatchewan and holds a 40% interest in the Inkai in-situ recovery operation in Kazakhstan. Cigar Lake is 54.5% owned and McArthur River 69.8%, with the Key Lake mill at 83.3%, so reported mine output is higher than Cameco’s attributable share. In Ontario the company runs the Blind River refinery, the Port Hope conversion plant and a CANDU fuel-manufacturing business.

Cameco sells most of its uranium under long-term contracts with utilities, so realized prices and sales volumes in any period can differ from mine output and spot-price moves. It also owns 49% of Westinghouse, held with Brookfield, which supplies reactor technology, fuel and services. Shareholders therefore hold a mix of uranium mining, fuel processing and reactor-services exposure.

Kazatomprom is Kazakhstan’s national uranium company and the world’s largest producer by volume, controlled by the sovereign wealth fund Samruk-Kazyna. All of its mining uses in-situ recovery, spread across 14 mining units in 12 producing joint ventures with partners including Cameco at Inkai, Orano, Uranium One and CGN Mining at Semizbay-U and Ortalyk. Its equity interests vary by operation, so total mine output is higher than the production attributable to Kazatomprom.

Uranium concentrate sales were about 90% of group revenue in the first half of 2025, with the Ulba Metallurgical Plant, which makes fuel pellets and rare metals, providing most of the rest. Sulfuric-acid supply, wellfield development and joint-venture terms affect production, and Budenovskoye’s output is committed to Russia’s civil nuclear sector through 2026. The London-listed security shown here is a global depositary receipt. The company’s ordinary shares trade on the Astana International Exchange and the Kazakhstan Stock Exchange.

NexGen Energy is developing the Rook I Project in Saskatchewan’s Athabasca Basin, home to the Arrow deposit discovered in 2014. The 2021 feasibility study estimated a probable reserve of approximately 239.6 million pounds of U₃O₈ grading 2.37%, hosted in basement rock that allows conventional underground mining. The CNSC issued a Licence to Prepare Site and Construct on March 5, 2026, and NexGen identified the formal start of construction at site as August 14, 2026. The 2024 Interim Trend Update estimated pre-production capital of approximately C$2.2 billion. The company has no operating revenue.

NexGen has kept most future output uncontracted; in August 2025 it announced sales commitments totaling 10 million pounds with utilities at market-related pricing. It also holds physical uranium on its balance sheet, explores the Patterson Corridor East discovery near Arrow, and held approximately 27.8% of IsoEnergy as of June 30, 2026, a separate interest in another listed uranium company.

Sprott Physical Uranium Trust is a Canadian closed-end investment trust that holds physical uranium, predominantly uranium concentrate. It does not operate mines or develop uranium deposits. Its units trade in Canadian and US dollars on the Toronto Stock Exchange, giving investors a listed interest in its uranium holdings and other net assets.

The unit price can trade above or below net asset value, so returns reflect both uranium prices and changes in that premium or discount. Management expenses reduce net assets over time. Unlike a mining company, the trust does not generate returns by discovering deposits, expanding production or lowering mine operating costs.

Uranium Energy Corp produces uranium using in-situ recovery in the United States through three hub-and-spoke platforms: South Texas, anchored by the Hobson processing plant, and two in Wyoming, anchored by the Irigaray plant and the Sweetwater plant acquired in 2024. Christensen Ranch in Wyoming resumed extraction in August 2024 and Burke Hollow in Texas began production in April 2026. Combined licensed capacity across the platforms was about 12.1 million pounds of U₃O₈ a year as of the fiscal 2025 annual report; licensed capacity measures permitted throughput, not current wellfield output.

UEC also buys and sells drummed uranium, selling 810,000 pounds in fiscal 2025, and held purchased inventory of about 1.36 million pounds at July 31, 2025. Its development assets include Roughrider in Saskatchewan and further US ISR projects at different permitting stages.

Energy Fuels produces uranium from US mines and processes it at its White Mesa Mill in Utah, the only licensed and operating conventional uranium mill in the country. Ore comes from Pinyon Plain in Arizona and the La Sal and Pandora mines in Utah; the mill is licensed for 2,000 tons of ore a day and over 8 million pounds of U₃O₈ a year, and also recovers vanadium and processes third-party uranium-bearing material. Uranium is sold under long-term utility contracts, six of them as of the FY2025 annual report, plus spot sales.

White Mesa also produces separated rare earth products, and Energy Fuels completed its acquisition of Australian Strategic Materials in August 2026, adding the Korean Metals Plant and the Dubbo development project. In June 2026 it agreed to acquire the magnet maker VAC; that transaction had not completed as of September 2026. The company is listed on the NYSE American as UUUU and the Toronto Stock Exchange as EFR.

Paladin Energy is an ASX-, TSX- and NSX-listed uranium producer that restarted the Langer Heinrich Mine in Namibia in March 2024 after approximately six years on care and maintenance. Paladin owns 75% of the open-pit operation and CNNC Overseas the remaining 25%. The mine completed its mining and processing ramp-up in FY2026 and produced 4.82 million pounds of U₃O₈ on a 100% basis during the year, so Paladin’s economic share is lower than the gross figure. Output is sold under long-term agreements with utilities in the US, Europe and Asia; as of June 30, 2025 the company had thirteen sales agreements covering 24.1 million pounds through 2030.

In Canada, Paladin owns the Patterson Lake South Project and its Triple R deposit, added through the completed acquisition of Fission Uranium in December 2024, alongside Michelin in Labrador and exploration ground in Queensland and Western Australia. The Saskatchewan environmental assessment for PLS was approved in February 2026, while the CNSC has determined that the construction-license application is sufficient to proceed through regulatory review. Langer Heinrich is the only revenue-generating asset.

Denison Mines is a Canadian uranium development company focused on the Athabasca Basin region of northern Saskatchewan, listed on the TSX as DML and the NYSE American as DNN. Its Wheeler River Project is a joint venture in which Denison holds 90% directly and a 95% effective interest after taking account of its 50%-owned JCU interest. Wheeler River hosts two deposits: Phoenix, being built as an in-situ recovery mine, and Gryphon, a conventional underground deposit at prefeasibility stage. Denison reached a Final Investment Decision for Phoenix in February 2026, received the federal Licence to Prepare Site and Construct, and commenced full-scale construction on July 28, 2026.

Denison also holds a 22.5% interest in the McClean Lake Joint Venture, whose mill processes Cigar Lake ore under a toll-milling arrangement; Denison’s share of that toll revenue was assigned to Ecora Resources under a 2017 deferred-revenue deal. It holds physical uranium bought in 2021 as a long-term investment and direct interests in approximately 457,000 hectares of Athabasca Basin ground.

CGN Mining is a Hong Kong-listed uranium investment and trading company controlled by China General Nuclear Power Corporation; its 2025 annual report shows China Uranium Development holding 56.29% of the shares. It owns 49% of Semizbay-U, which operates the Semizbay and Irkol mines, and 49% of Ortalyk, which operates the Central Mynkuduk and Zhalpak deposits, both in Kazakhstan with Kazatomprom holding the other 51%. Those two stakes are the main source of earnings, and CGN Mining has rights to purchase uranium from them.

Trading runs through the UK subsidiary CGN Global, which buys from the Kazakh ventures and third parties and sells to utilities in Europe, Asia and North America. The company also holds a minority investment in Paladin Energy, and a substantial share of its transactions are with its controlling group. Shareholders own interests in these investments and trading activities, rather than the wider CGN group’s reactor fleet or all of its uranium assets.

Yellow Cake is a Jersey-incorporated company that holds physical uranium concentrate in licensed storage facilities. It does not mine uranium. Its purchase framework with Kazatomprom provides a route to acquire material under agreed terms, alongside purchases or sales it may make in the market.

The shares provide exposure to uranium prices through the company’s holdings, cash and liabilities. The market price can differ from net asset value, and storage and corporate expenses affect returns. Yellow Cake is legally a company, while Sprott Physical Uranium Trust uses a trust structure.

Tumas is Deep Yellow’s main development project in Namibia, with a mining license and a planned open-pit, calcrete-hosted operation. The company has deferred a final investment decision and is progressing engineering, early works and financing preparation while it assesses market conditions. Mulga Rock in Western Australia is a second development asset undergoing further technical work. The two-project portfolio gives Deep Yellow exposure to future uranium supply, but neither project is in production today.

IsoEnergy owns uranium exploration and development assets in Canada, Australia and the United States. Larocque East in Saskatchewan hosts the Hurricane deposit, and the A$75 million acquisition of Toro Energy, completed in June 2026, added the Wiluna uranium project in Western Australia.

In August 2026, IsoEnergy contributed its Utah uranium portfolio, including Tony M, to DISA Uranium in exchange for an equity interest. Its exposure to those assets is therefore through that investment. Exploration resources, development projects and past-producing mines should be distinguished from current commercial uranium production.

Bannerman Energy is developing the Etango uranium project in Namibia, where it holds a 95% interest. Site work includes early infrastructure ahead of full mine development. The project is intended for conventional mining and processing and is not producing uranium today.

In February 2026, Bannerman agreed a conditional investment by China Nuclear Overseas Limited. The proposed structure would leave Bannerman with 55% of the holding company that owns 95% of Etango, equivalent to a 52.25% project interest if the transaction completes.

Ur-Energy operates the Lost Creek uranium in-situ recovery facility in Wyoming and is ramping up its Shirley Basin satellite operation. Shirley Basin began initial uranium recovery in April 2026 and received final state authorization in June to transport uranium-bearing resin for processing.

Loaded resin from Shirley Basin is intended for further processing at Lost Creek, where uranium can be recovered, dried and drummed. Uranium captured on resin is therefore a different production stage from finished concentrate or customer deliveries. The company’s operating results depend on wellfield recovery, processing performance and its sales contracts.

Boss Energy owns the Honeymoon in-situ recovery uranium operation in South Australia and a 30% interest in Alta Mesa in Texas. Honeymoon produced approximately 1.41 million pounds of U₃O₈ in the financial year ended June 2026. Alta Mesa is operated by enCore Energy, which owns the remaining 70%.

Boss released a new Honeymoon feasibility study in August 2026. Its study assumptions and planned operating improvements should be distinguished from achieved production and reported costs. The two operations also require separate gross and attributable production figures when assessing Boss’s output.

Uranium Royalty Corp is a uranium-focused royalty and streaming company providing exposure to uranium production and development without operating the underlying mines. Its portfolio includes royalties and streams across Canada, the United States, Australia and Africa, together with physical U₃O₈ holdings. At McArthur River, the company’s gross-overriding royalty applies to the 9.063% share of production derived from Orano Canada’s 30.195% interest, rather than to Cameco’s direct operating interest. URC also holds interests connected with Cigar Lake, Waterbury Lake and other uranium assets.

Atha Energy is a Canadian uranium explorer with approximately 6.8 million acres of mineral claims across the Athabasca Basin, Thelon Basin, Angilak and other Canadian districts. Its portfolio includes the 100%-owned Angilak Project and exploration land packages in Saskatchewan and Nunavut. Atha closed approximately C$63 million of financings in February 2026 and is using the proceeds to advance exploration programs, including drilling at Angilak. The company also holds a 10% carried interest in selected claims associated with NexGen Energy and IsoEnergy.

enCore Energy operates US uranium in-situ recovery assets, including Rosita in Texas and its 70%-owned Alta Mesa operation. Boss Energy owns the other 30% of Alta Mesa. The portfolio also includes development projects such as Dewey Burdock.

The company supplies uranium under sales contracts using both produced and purchased material. In the second quarter of 2026, customer deliveries exceeded uranium extracted from its operations, with purchased uranium supplying part of those deliveries. Sales volumes should therefore be assessed separately from mine output and attributable production.

Eagle Nuclear Energy is a Reno, Nevada-based uranium company whose sole mineral asset is the Aurora Uranium Project in Malheur County, Oregon, three miles from the Nevada border. It acquired the project on February 24, 2026 by exercising an option over Oregon Energy LLC, a subsidiary of ASX-listed Aurora Energy Metals, and listed on Nasdaq the following day via a business combination with Spring Valley Acquisition Corp. II. A 2025 S-K 1300 technical report summary estimates 32.75 million pounds of U₃O₈ indicated and 4.98 million pounds inferred at Aurora — one of the larger indicated uranium resources in the United States — in a flat-lying, near-surface deposit the company argues suits low-cost open-pit mining.

The project is at exploration stage with no mineral reserves: the resource rests on historic drilling from 1974–2022, no metallurgical test work has been completed, and the company’s own disclosure puts the NRC milling license at roughly 45 to 54 months and the BLM mine plan of operations at 21 to 27 months. The 2025 technical report recommended a $3 million Phase 1 work program followed by a $7 million prefeasibility study, while Aurora Energy retains a 1% NSR and further milestone share payments. Eagle also holds an exclusive license to UNMRI’s conceptual sodium-cooled SMR designs.

Global Atomic is a Canadian company developing the Dasa uranium project in Niger alongside a 49% interest in a zinc-recycling joint venture in Türkiye. Dasa is operated through an 80% Global Atomic / 20% Niger structure and is supported by a completed definitive feasibility study. Current project work includes underground development, site preparation, engineering and procurement for the processing plant, with mineralized development ore brought to surface. The timing of final financing, full plant construction and commercial production remains subject to political, regulatory and funding conditions in Niger. The zinc-recycling joint venture provides a separate industrial asset and historical source of cash flow, but it does not remove the development and country risks attached to Dasa.

Mega Uranium is an investment and mineral-exploration company with a portfolio of uranium-sector equities. Its disclosed investments include NexGen Energy, IsoEnergy, ATHA Energy and Premier American Uranium. These holdings make changes in other listed companies’ share prices an important part of Mega’s value.

Mega also has interests in Australian uranium properties, including Maureen, which is subject to an option arrangement. Its shares are therefore different from direct exposure to an operating mine. Valuation should consider the current investment portfolio, liabilities and property arrangements rather than adding the full value of each investee’s assets.

Salamanca is a proposed open-pit uranium project in western Spain that remains in development. Berkeley’s 2026 updates describe an ongoing permitting dispute and a two-phase ICSID arbitration against Spain; the company filed a claim seeking about US$1.25 billion, while Spain’s objections and the merits phase remain unresolved. The project has a completed feasibility study, but national authorizations and the legal process are material conditions for any future construction or production.

Alligator Energy’s main asset is the Samphire uranium project in South Australia, where the Blackbush and Plumbush deposits are the focus of its in-situ recovery work. In 2026, the company reported commissioning its field recovery trial, beginning uranium extraction work and commencing a bankable feasibility study. Recovery performance, permitting and the feasibility study will determine whether Samphire moves toward construction.

Atomic Eagle owns the Muntanga uranium project in Zambia. The project includes mining licences and a proposed conventional mining and processing development. An engineering review in 2026 updated aspects of the existing feasibility work; the project is not in production.

The company also has an option arrangement over the Sitwe project. An option to acquire an interest is different from completed ownership. Muntanga’s study production profile depends on financing, development approvals and construction, and its mineral resources should be distinguished from the portion classified as ore reserves.

Westmoreland is Laramide’s principal development asset in Queensland, Australia, while Churchrock-Crownpoint and La Jara Mesa provide U.S. uranium exposure in New Mexico. The company released an updated preliminary economic assessment for Westmoreland in July 2026 and continues to work through permitting and development studies.

Peninsula Energy is an ASX-listed uranium company with 100% ownership of the Lance ISR project in Wyoming’s Powder River Basin. Lance historically operated with alkaline ISR chemistry; Peninsula has converted the project to a low-pH process and is assessing the process through its production restart. Production operations restarted in December 2024, and dried yellowcake production resumed in April 2026 after rectification work on the precipitation circuit. In July 2026, Peninsula reported a slower ramp-up, with reduced flow rates and gas production affecting hydraulic performance. The company continued to describe the low-pH process as technically viable.

Asarian Energy, formerly Forsys Metals, is developing the Norasa uranium project in Namibia. Norasa combines the Valencia and Namibplaas deposits. The company changed its name in August 2026 and trades on the Toronto Stock Exchange under ARN.

Norasa is a conventional uranium development project. The company is advancing technical work and permitting ahead of financing and construction. Valencia has a mining licence, while the Namibplaas exploration-tenure renewal and environmental clearance require separate approvals.

Lotus Resources owns 85% of the Kayelekera uranium mine in Malawi, with the government holding the remaining 15%. Uranium production restarted in August 2025. The mine is in ramp-up, with acid supply and plant reliability affecting operating progress. In July 2026, Lotus launched a funding package of about A$95 million, comprising a fully underwritten A$60.1 million entitlement offer and A$35 million of senior unsecured convertible notes, to support the ramp-up.

Lotus also owns the Letlhakane uranium development project in Botswana. Kayelekera provides its operating uranium exposure, while Letlhakane remains a separate development asset requiring further technical work and financing.

Elevate Uranium explores and develops uranium projects in Namibia and Australia. Its Koppies project includes the Koppies deposit and satellite deposits, which should be distinguished when comparing resource totals. The company also holds an interest in Marenica.

Elevate is testing its U-pgrade beneficiation process to concentrate uranium-bearing material before downstream extraction. Pilot results assess a processing route; they do not make the company a commercial uranium producer. Project economics depend on the complete recovery process, capital requirements and permitting as well as beneficiation performance.

Skyharbour Resources is an Athabasca Basin uranium project generator with the 100%-owned Moore Uranium Project as its flagship asset. The Maverick Zone at Moore has returned high-grade uranium intercepts, including 11.77% U₃O₈ over 1.6 meters in 2025. Russell Lake was reorganized into four joint ventures with Denison Mines: Russell Lake, Getty East, Wheeler North and Wheeler River Inliers. Skyharbour’s initial interests are 80%, 70%, 51% and 30% respectively, with Denison able to earn additional interests in specified areas through exploration spending. Skyharbour remains operator of much of the project and uses partner-funded exploration to advance selected claims while retaining interests and royalties.

Tiris is Aura’s main uranium asset, a near-surface project in Mauritania with a reported 91.3 million lb U₃O₈ mineral resource and a study-case production rate of about 2 million lb per year. Aura’s 2026 project updates have targeted a final investment decision in 2026 and continued feasibility and funding work. Funding, offtake and approvals are the remaining gates before construction.

F3 Uranium explores for uranium in Saskatchewan’s Athabasca Basin. Its JR zone at Patterson Lake North has an initial indicated uranium resource. The company is also drilling the Tetra zone and other targets across its property portfolio.

F3 uses drilling and geophysical surveys to assess the continuity and extent of mineralization. Its projects remain at exploration and resource-definition stages, with further technical and economic work needed before mine development.

CanAlaska Uranium is a TSX-V-listed Athabasca Basin uranium explorer managing a portfolio of Saskatchewan projects. Its West McArthur Joint Venture with Cameco is the flagship asset, located near Cameco’s McArthur River mine and focused on the Pike Zone and related conductive corridors. CanAlaska increased its West McArthur interest to approximately 88.86% by sole-funding exploration in 2025; Cameco holds approximately 11.14%, and the 2026 exploration program is being co-funded on a pro-rata basis. The Pike Zone was discovered in 2022 and remains an exploration target rather than a defined mineral resource. The company operates the joint venture and is advancing drilling and geophysical work across the broader land package.

Premier’s Cebolleta project in New Mexico is moving through metallurgical testing intended to refine recovery assumptions and support a future update to its 2025 PEA. In Wyoming, the company is drilling at Kaycee and continuing work across the Cyclone ISR project. The portfolio remains pre-production.

Western Uranium & Vanadium owns conventional uranium and vanadium properties in the western United States, including the Sunday Mine Complex in Colorado. It has mined and stockpiled ore and previously delivered material to Energy Fuels’ White Mesa Mill. These activities are separate from operating its own uranium mill.

Western is pursuing a licence for the proposed Mustang Mineral Processing Plant. The facility is not yet an operating mill. Its June 2026 quarterly filing reported no ore deliveries during the first half of the year, so historic shipments and later assay settlements should not be presented as continuous current sales.

Geiger Energy explores for uranium in Canada. Its Hook project in Saskatchewan hosts the ACKIO prospect, while the Aberdeen project is in Nunavut’s Thelon Basin. The company was formed through the combination of Baselode Energy and Forum Energy Metals and subsequently adopted the Geiger name.

The 2026 Aberdeen program includes exploration at the newly reported Fox zone. Drilling and assays are needed to establish the extent and grade of mineralization. Radioactivity measurements and individual intersections do not establish mineable reserves, and both principal projects remain at exploration stage.