Uranium spot prices, which touched about $101 a pound in January 2026 before settling near $84-$90, remain high enough to support producing African mines but still leave some greenfield projects waiting on the sidelines.
Mantra Tanzania says it will resume construction of the main Mkuju River uranium plant in October 2026, after Tanzania's minerals minister set a 2029 target for first production.
Niger's cabinet has granted a uranium mining permit for the In Azaoua area near Arlit to Tsumco SA, a state company created after Niger nationalised Orano's Somaïr mine, formalising its control of ground once run by the French group.
The European Commission has commissioned consultants to help Namibia draft a National Critical Raw Materials Strategy covering uranium, lithium and rare earths, as Windhoek balances competing EU and Chinese interest in its minerals.
Deep Yellow spent A$61.4m during the year to June 2026 advancing its Tumas uranium project in Namibia, keeping it construction-ready while it waits for uranium prices to justify a final investment decision.
Bannerman Energy says bulk earthworks at its Etango uranium project in Namibia are 92% complete, with over 560 people on site, as it heads toward a final investment decision once financing with a Chinese partner closes.
UraniumOranoFrench state-controlled nuclear fuel-cycle company created in 2017 from the restructuring of Areva. It is the world's third-largest uranium producer, though its Niger business has been largely dismantled by that country's military government since 2023.
ASX: PDNUraniumPaladin EnergyWestern Australian uranium producer founded in 1993 that restarted Namibia's Langer Heinrich mine in 2024 after placing it on care and maintenance in 2018. It is dual-listed on the ASX and TSX.
