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.
Paladin Energy's Langer Heinrich mine produced 4.82-million pounds of uranium oxide for the year to June 2026, its strongest year since restarting, and has guided FY2027 output up to 5.6-million pounds.
Namibia and China signed nine cooperation agreements during President Netumbo Nandi-Ndaitwah's state visit to Beijing in July 2026, including a green minerals agreement naming uranium, lithium and rare earths as strategic priorities.
Rössing Uranium celebrated 50 years of operation at a ceremony in Swakopmund, with Chinese majority owner CNNC pledging continued investment in the world's longest-running open-pit uranium mine.
Swakop Uranium and NamWater have launched a joint venture to build Namibia's second desalination plant, a N$2.1bn facility supplying 20 million m3 a year to the Husab uranium mine and Erongo communities.
GoviEx Uranium and Niger's mining ministry held a week of technical and legal talks in Niamey in June 2026 aimed at drafting a new mining convention that could pave the way back to the Madaouela uranium project.
Elevate Uranium has lifted the uranium resource at its Marenica project in Namibia by 31% to 52.8 million pounds, taking its total Namibian resource base above 116 million pounds.
Frontier Nuclear and Minerals says it is close to publishing a maiden mineral resource estimate for its Engo Valley uranium project in Namibia, after completing a second phase of drilling.
Tanzania's deputy minister of minerals has urged Mantra Tanzania to accelerate financing and construction of the long-delayed Mkuju River uranium project, which faces a 2028 licence deadline.
Swakop Uranium plans to spend N$235-million drilling about 100,000 metres at its Husab uranium mine in 2026, intensifying exploration across five known deposits after a 41% jump in drilling in 2025.
Niger's military ruler Abdourahamane Tiani said about 95,000 tonnes of concentrated uranium powder is ready to be returned to Orano, while insisting uranium produced since the Somaïr nationalisation belongs to Niger.
Bannerman Energy agreed on 12 February 2026 to a $321.5m financing and joint-venture deal with CNNC Overseas Limited to build the Etango uranium project in Namibia debt-free, with completion targeted by the third quarter of 2026.
Paladin Energy's Langer Heinrich mine produced 1.23-million pounds of uranium oxide in the December quarter, taking half-year output to 2.30-million pounds and keeping the Namibian mine on course for the upper end of its FY2026 target.
Tax revenue from Namibia's uranium and gold mines rose to N$2.87bn in the past financial year, almost double the original budget, as diamond earnings weakened and uranium production climbed 22% year on year.
An ICSID arbitration tribunal has ordered Niger not to sell or transfer uranium produced at the nationalised Somaïr mine, siding with French group Orano in a dispute over roughly 1,500 tonnes of yellowcake.
Niger's military government has announced the nationalisation of the Somaïr uranium mine run by France's Orano, accusing the firm of taking an outsized share of production since 1971.
