Meanwhile, Kazakhstan and the US signed a memorandum of cooperation, and a slew of companies released assay and drill results.
Last week was a busy one for uranium news, with announcements coming from every corner of the globe. Perhaps most notably, a third Chinese reactor was connected to the electricity grid, and Kazakhstan and the US signed a memorandum of cooperation.
The Chinese reactor that was connected to the grid belongs to China General Nuclear. In other uranium news, the Asian nation also agreed to invest in EDF Energy’s Hinkley nuclear project in the UK. The deal will see China take a one-third interest in a new nuclear power plant, as well as a share in two further plants.
While those macro events are certainly exciting, quite a few uranium companies also put out news worth mentioning last week. Here’s a quick round-up of last week’s uranium news.
Uranium news: Drill and assay results
Kivalliq Energy (TSXV:KIV) released promising assay results from the first-ever drill program at the Dipole discovery at its Angilak property. Some highlights include 2.34 percent U3O8 over 1.3 meters from 28.3 meters to 29.6 meters in hole 15-DP-0090, as well as 21 percent U3O8 over 6.7 meters from 46.4 meters to 53.1 meters in hole 15-DP-0090.
Fission Uranium (TSX:FCU) released drill core assays from 10 angled holes at its PLS property. Two holes were drilled on the R600W zone, six on the R780E zone and two on the 1620E zone. The most notable results came from hole PLS15-416; the hole opened up the eastern side of the R780E as a new high-grade area and intersected the strongest high-grade mineralization on line 1125E.
NexGen Energy (TSXV:NXE) also released assays last week from six angled holes at its Rook 1 property, with all six holes returning strong assay results over significant widths. Hole AR-15-58c1, which was drilled 53 meters up dip and southwest of hole AR-15-44b, “confirmed some of the strongest radioactivity results associated with ample dense massive to semi-massive pitchblende in the higher grade A2 sub-zone.”
Skyharbour Resources (TSXV:SYH) announced results from a recent drill program at its 50-percent-owned Preston uranium property. It targeted two of 15 previously identified target areas that were selected for preliminary drill testing. The completed five holes covered 1,318 meters; three were completed in the Canoe Lake target area and two in the FSA target area.
Denison Mines (TSX:DML) announced the completion of summer exploration at its Wheeler River property in Saskatchewan’s Athabasca Basin and expects to complete a resource estimate for the property before the end of the year.
Uranium news: M&A activity
On a different note, Uranium Resources (NASDAQ:URRE) and Anatolia Energy (ASX:AEK) announced that Australia’s federal court has approved their plan to merge. The new securities are expected to begin trading on NASDAQ and as CHESS Depository Instruments on the ASX on November 10.
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
Related reading:
Uranium News: Japan Restarts Second Reactor, Denison and Fission Terminate Plan to Merge
Uranium News: India Criticized, Cigar Lake Starts Production
The Conversation (0)
Latest News
Outlook Reports world
Featured Energy Investing Stocks

Investor Insight
Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.
Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
- High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
- Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
- Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.
Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.
Management Team
Michael Collins - CEO & Director
Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.
Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.
Browse Companies
MARKETS
COMMODITIES
CURRENCIES





