Top 3 ASX Uranium Stocks of 2025

1. Aura Energy (ASX:AEE)

Year-to-date gain: 56 percent
Market cap: AU$192.93 million
Share price: AU$0.195

Aura Energy is exploring and developing uranium and polymetallic projects in Africa and Europe. The company’s most advanced asset is the Tiris uranium project in Mauritania. The 2024 FEED study on Tiris demonstrates the potential for a near-term, low-cost uranium mine producing 2 million pounds of U3O8 per year over a 25 year mine life.

Aura Energy is hoping to bring the Tiris uranium mine into production in 2027.

Additionally, Aura wholly owns the Häggån vanadium-potash-uranium project in Sweden, which contains one of the world's largest uranium deposits, according to the company. Sweden currently has a ban on uranium mining, but the country's current government is taking steps towards lifting it to support the country's nuclear energy production.

Most recently, the Swedish government put forward legislation that would lift the ban on uranium mining on August 29, with a vote expected in early November.

On August 1, Aura Energy executed two agreements for U3O8 from the Tiris project: a long-term offtake agreement with a major US-based nuclear utility, and a master spot sales agreement with a leading global uranium trading group.

The company released its September quarter results on October 21, highlighting continued momentum across its uranium projects. At the Tiris project, Aura reported it progressed discussions with multiple potential strategic investors and debt funding negotiations with the US International Development Finance Corporation.

The company is now targeting a final investment decision in the first half of 2026. Additionally, the company applied for an exploitation concession at the Häggån project.

Shares of Aura Energy began climbing in late August following the news of Sweden potentially lifting its uranium ban. They continued upwards through September to reach a year-to-date high of AU$0.27 on September 30.

2. Deep Yellow (ASX:DYL)

Year-to-date gain: 40.81 percent
Market cap: AU$1.57 billion
Share price: AU$1.57

Deep Yellow is committed to developing a high-output, cost-effective, tier-one uranium company. Its portfolio consists of six assets across the top uranium-producing countries of Namibia and Australia.

Its Namibian projects are the Tumas and Omahola projects and the Nova and Yellow Dune joint ventures. In Australia, the company has the Mulga Rock and Alligator River projects.

Deep Yellow reported progress across its uranium portfolio in Q3. At the Tumas project, engineering and off-site infrastructure work continued. According to the release, first production is on track for the third quarter of 2027.

At Mulga Rock, pilot testwork confirmed uranium, base metal and rare earth recoveries, with the revised definitive feasibility study advancing. Fieldwork and drilling are ongoing at the Alligator River project.

Deep Yellow saw a year-to-date high of AU$2.46 on October 15, shortly after it announced that reverse-circulation drilling at the S Bend prospect, located next to the Tumas project, had confirmed uranium extensions.

3. Elevate Uranium (ASX:EL8)

Year-to-date gain: 16.98 percent
Market cap: AU$119.54 million
Share price: AU$0.31

Elevate Uranium is exploring and developing projects in Namibia and Australia. Its project pipeline includes the Koppies and Marenica projects in Namibia, and the Minerva and Angela projects in Australia. Koppies is its most advanced project and has a near-surface resource of 66 million pounds of U3O8.

Elevate has also developed the proprietary U-pgrade beneficiation process, which reduces ore mass by greater than 95 percent prior to leaching. This results in concentrated uranium with grades of about 10,000 parts per million uranium.

In late July, Elevate announced a key milestone for its U-pgrade pilot plant, which it had been testing in Perth.

According to the company, shipment of the pilot plant to Namibia was planned for early August, with its arrival anticipated in early October and its operation, in November. The plant will process at least 60 tonnes of uranium ore from Elevate’s Namibian projects using the U-pgrade technology.

Shares of Elevate rose to a year-to-date high AU$0.48 on October 16, two days after it agreed to sell its Oobagooma uranium project in Western Australia to Orpheus Uranium (ASX:ORP) as part of its divesture of non-core assets.