The International Atomic Energy Agency indicated that demand for uranium is set to remain strong until 2050. Followed by statement of US Energy Secretary Chris Wright to boost uranium reserve, this has brought fresh hopes of fast growth in the consumption of nuclear fuel. The stocks likely to gain traction are
Deep Yellow Limited (ASX: DYL)
finished the June 2025 quarter with a strong cash balance of about A$217.4 million giving it close to 24 quarters of funding runway. The company had net operating outflows of A$6.3 million mainly because of development and exploration spend . This was partly balanced by A$2.5 million interest income. The balance sheet is debt free and well funded. Development work at its main Tumas Project in Namibia is moving ahead with procurement showing great progress. The Mulga Rock Project in Western Australia also showed positive pilot test results helping in a revised DFS. With large cash reserves and more than one Tier 1 uranium asset the company looks well placed for long term growth.
Boss Energy Limited (ASX: BOE)
had a big year in FY2025 with revenue of A$75.6 million from its first uranium sales and also moving towards multi mine production. The company posted a net loss of A$34.2 million because of higher operating costs and some write downs due to which there a loss after tax compared to the previous year but it managed to report its first positive free cash flow quarter from the Honeymoon project. Net assets at the end of the year stood at A$483.7 million with A$224.3 million in cash and liquid assets and no debt which gives it a strong balance sheet. For FY2026 the company is targeting 1.6 million lbs production and expects to stay cash flow positive for the whole year as uranium demand keeps going up and market conditions remain supportive.
Bannerman Energy Limited (ASX: BMN)
finished June 2025 with cash reserves of about A$46.2 million which later went up to A$127.6 million after it completed a A$85 million equity raising. The company spent nearly A$10 million on exploration and development in the quarter mainly on early construction works and detailed designing for its Etango Uranium Project in Namibia. Some of the main updates were grid power connection along with finishing water distribution and steady progress on heap leach pad earthworks. The company has no debt and with stronger finances it is aiming for a positive Final Investment Decision for Etango which is expected to produce between 3.5–6.7 million pounds of output each year. Backed by solid uranium market conditions the company looks in a strong place for long term growth.
Terra Uranium Limited (ASX: T92)
finished June 2025 with only A$97,000 cash on hand but this later got stronger after a capital raise of A$864,000 in July. T92’s quarterly spending included about A$197,000 on administration, A$91,000 on exploration and around A$53,000 in staff expenses making it a total of A$341,000 in operating cash outflow. This left the company with a tight funding runway but it still pushed forward on its dual focus plan. In Canada the option agreements helped to grow its land position in the Athabasca Basin by 33% and in Australia it picked up tin and precious metal assets like the old Ottery Mine. The Glen Eden project is its main asset and is considered the largest undeveloped tungsten project in New South Wales.
(Source: Company Announcements)
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