The end-of-April spot price for uranium was $86.35 per pound, according to uranium fuel provider Cameco. While up slightly from the $84.25 of a month before, it was still lower than the $94.28 spot price at the end of January.

Ur-Energy Inc. announced last week that it has begun in situ recovery (ISR) operations at its Shirley Basin uranium mining site in central Wyoming.

The company, which also operates the Lost Creek ISR project in south-central Wyoming, decided to begin construction at Shirley Basin after making a “go” decision in March 2024. It has said that the combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U₃O₈.

Nevada-based Eagle Nuclear Energy said it will conduct a 27,000-foot investigative drill program at its flagship Aurora Uranium Project along the Oregon–Nevada border beginning in July.

Uranium Energy Corp. (UEC) has begun production activities at its Burke Hollow in situ recovery (ISR) mining operation in southern Texas after receiving approval from the Texas Commission on Environmental Quality (TCEQ). Uranium from the site will be processed at the Hobson Central Processing Plant, which serves as the hub to five satellite ISR projects (referred to as “spokes”) in the Texas Uranium Belt.

The end-of-March spot price for uranium was $84.25 per pound, according to uranium fuel provider Cameco. This price is down slightly from the $86.95 of a month before, but about $10 lower than the $94.28 spot price at the end of January.

Recent years have seen growing global interest in nuclear energy and rising confidence in the sector. For the first time since the early 2000s, there is renewed optimism about the industry’s future. This change is driven by several major factors: geopolitical developments that highlight the need for secure energy supplies, a stronger focus on resilient energy systems, national commitments to decarbonization, and rising demand for clean and reliable electricity.

The governments of Canada and India agreed to multiple long-term deals this month, extending a partnership that will impact sectors including energy and critical minerals, technology and AI, talent and culture, and defense.

One of the more significant deals is a long-term agreement that would supply nearly 22 million pounds of Canadian uranium concentrate (U₃O₈) to India’s burgeoning nuclear reactor fleet over the next decade.

The end-of-February spot price for uranium was $86.95 per pound, down from last month’s $94.28—which was a two-year high—according to uranium fuel provider Cameco. Though down, this latest spot price is still higher than at any time since the $90.38 that Cameco listed at the end of May 2024.

Canada’s first in situ recovery (ISR) uranium mining operation has been granted final regulatory approval. Toronto-based Denison Mines Corp. announced last week that the Canadian Nuclear Safety Commission has approved the environmental assessment and issued the license to construct a mine and mill for the company’s Wheeler River uranium project, located in northern Saskatchewan’s Athabasca basin. This project, which includes the Phoenix uranium deposit, previously received the necessary provincial approvals.

The end-of-January spot price for uranium was $94.28 per pound, according to uranium fuel provider Cameco. That was the highest spot price posted by the company since the $95.00 per pound it listed at the end of February 2024. Spot prices during 2025 ranged from a low of $64.23 per pound at the end of March to a high of $82.63 per pound at the end of September.

Analyst firm Trading Economics posted a uranium futures value of about $82.00 per pound on January 5—the highest futures value in more than two months.

In late October, it had listed a futures price of about $82.30/lb. By late November, the price had fallen to under $76.00/lb.

The spot price of uranium at the end of November declined to $75.80 per pound, down from $80.00/lb at the end of October, according to uranium company Cameco. The high-water mark this year was in September, at $82.63/lb. The lowest price of 2025 was at the end of March, at $64.23/lb.

As President Trump hosted Saudi Crown Prince Mohammed bin Salman at the White House on November 19, Energy Secretary Chris Wright confirmed that the United States and Saudi Arabia have signed a “historic” deal on cooperation in the civilian nuclear energy sector. The “Joint Declaration on the Completion of Negotiations on Civil Nuclear Cooperation” is seen as an important part to strengthen U.S. influence in the Gulf region to counter the influence of Iran, Russia, and China.

A new type of material has been demonstrated to greatly enhance the ability to recover uranium from seawater, according to a study published recently in Sustainable Carbon Materials. The research, which could lead to a new way of obtaining uranium for nuclear reactor fuel, was conducted by scientists from Weifang University and North China Electric Power University.

An end-of-October spot price for uranium of $80.00 per pound—down from the year high of $82.63 per pound in September—is still substantially higher than the year’s lowest price of $64.23 per pound at the end of March, according to uranium fuel provider Cameco.

British Columbia, Canada–based Anfield Energy has scheduled a ground-breaking ceremony on November 6 at its Velvet Wood uranium and vanadium mine, located in southeastern Utah’s Lisbon Valley. According to Anfield CEO Corey Dias, it will be “more than a ground breaking—it’s a bold declaration of Anfield’s readiness to help fuel the American nuclear renaissance.”

President Trump is in Japan today, with a visit with new Prime Minister Sanae Takaichi on the agenda. Takaichi, who took office just last week as Japan’s first female prime minister, has already spoken in favor of nuclear energy and of accelerating the restart of Japan’s long-shuttered power reactors, as Reuters and others have reported. Much of the uranium to power those reactors will be enriched at Japan’s lone enrichment facility—part of Japan Nuclear Fuel Ltd.’s Rokkasho fuel complex—which accepted its first delivery of fresh uranium hexafluoride (UF₆) in 11 years earlier this month.

The Department of Energy has a plan for private companies to “dispose of surplus plutonium”—about 19.7 metric tons in both oxide and metal forms—by “making the materials available for advanced nuclear technologies.” A Surplus Plutonium Utilization Program request for applications (RFA) issued October 21 describes the plutonium on offer, and the “thresholds” prospective applicants must meet.

Canadian uranium provider Cameco has calculated an end-of-September spot price for uranium of $82.63 per pound—the highest mark of 2025. The lowest spot price listed all year by Cameco was $64.23 per pound at the end of March, while the previous high was $78.50 per pound at the end of June.

The Department of Energy’s National Nuclear Security Administration has awarded BWX Technologies a contract valued at $1.5 billion to build a Domestic Uranium Enrichment Centrifuge Experiment (DUECE) pilot plant in Tennessee in support of the administration’s efforts to build out a domestic supply of unobligated enriched uranium for defense-related nuclear fuel.