5 ASX Uranium Stocks to Watch in 2026

These five ASX uranium stocks are growing gradually driven by strong demand, higher prices and ongoing project development.

Paladin Energy Ltd (ASX: PDN) 

on 22 April 2026 announced its quarterly report for the period ending 31 March 2026. The production reached 1.29Mlb U3O8 increased 5% with full year guidance raised to 4.5–4.8Mlb as LHM ramp up progressed strongly and plant performance improved.

Sales totalled 1.03Mlb at US$68.3/lb with higher base-escalated contract exposure while production cost stood at US$40.3/lb supported by stockpile use and shipment timing variations.
PLS Environmental Impact Statement approved in Saskatchewan Canada exploration drilling continued Saloon East trend further defining deposit area focus work.

Cash and investments were US$219.5M with an additional US$70M credit facility available TRIF was 3.0 mining output reached 6.17Mt and shipments remained unaffected with stable operational conditions.

Bannerman Energy Ltd (ASX: BMN) 

on 29 April 2026 reported progress for the period ended 31 March 2026. 
The Etango Project secured up to US$321.5M funding from CNNC Overseas Limited, creating a debt free development path. 

Ownership will be shared between Bannerman, CNOL and a Namibian group. Early works continued with 560 workers, 66.5% earthworks complete and 32% concrete finished. 
Cash was A$69.9M plus A$12.7M assets. Uranium price outlook improved to US$93/lb. The completion is targeted for mid 2026.

Boss Energy Ltd (ASX: BOE) 

announced on 30 April 2026 its March 2026 quarterly report for the period ended 31 March 2026. Honeymoon produced 203 klbs U3O8 with higher costs due to weather and lower grade conditions while full year output was revised to 1.40–1.45 Mlbs.

Nine month output reached 1.044 Mlbs with realised price of US$106/lb and inventory of 1.53 Mlbs. Cash and assets totalled A$211M and US$38M cash.
Infrastructure ramp up continued with Column 4 started wide spaced wellfield design and feasibility study targeted for September 2026.

Exploration and resource updates included Gould’s Dam 33.1 Mlbs and Jason’s 12 Mlbs with development timelines of 24 to 36 months alongside delayed drilling due to rain conditions

Deep Yellow Ltd (ASX: DYL) 

announced on 28 April 2026 its quarterly activities report for the period ended 31 March 2026. 
DYL showing continued progress at the Tumas Project in Namibia as it moves closer to construction readiness with engineering at 68% completion, bulk earthworks 91% complete and 79% of major procurement packages tendered. 

Exploration at Tinkas included 133 holes for 1,363m whereas Mulga Rock studies improved recoveries and reduced costs with a resource update planned and Alligator River surveys identified new drill targets. 

The company reported cash of A$171.6M and noted uranium prices strengthened to US$93/lb alongside a positive long term market outlook.

Laramide Resources Ltd (ASX: LAM) 

2025 update highlighted progress at Churchrock Crownpoint US and Westmoreland Australia with focus on advancing key uranium assets in stable jurisdictions.

In the US Churchrock advanced under NRC licence and FAST 41 with permit steps including right of way submission in 2025 and discharge permit filed in February 2026 while La Jara Mesa also moved into FAST 41 review with ongoing environmental and agency work.

Westmoreland received Mineral Development Licence in July 2025 covering major deposits but remains restricted under Queensland uranium policy while feasibility update and further studies are planned for 2026.

LAM exited Kazakhstan due to higher state ownership rules and continues focusing on uranium projects supported by strong long term demand and supply constraints.

(Source: Company Report)