5 Largest Uranium Producing Countries in the World

In this article, we will list the 5 largest uranium producing countries in the world. Please visit 11 Largest Uranium Producing Countries in the World if you would like to see the extended list and the methodology behind it.

5. Uzbekistan

Annual Nuclear Production: 4,000 tU

Uzbekistan serves as a critical Central Asian supplier through the state-owned mining entity, Navoiyuran. Operating across the Kyzylkum Desert, Uzbekistan mirrors Kazakhstan in lower-cost production profile by utilizing In-Situ Recovery across extensive deep sandstone deposits. The country treats uranium wealth entirely as an export commodity, routing processed yellowcake directly to international utilities in Asia, Europe, and North America. Seeking to capitalize on rising asset prices, the Uzbek government has initiated aggressive technological modernizations and expanded exploration budgets to scale up resource extraction capacity.

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Denison Mines Corp. (NYSE:DNN) remains a hedge fund darling in the nuclear sector. The firm engages in the acquisition, exploration, and development of uranium bearing properties in Canada. It holds 95% interest in the flagship Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. Earlier this month, the company reported earnings for the first quarter of 2026. It posted losses per share of C$$0.13. The revenue over the period was C$1.1 million, down close to 20% compared to the revenue over the same period last year. In February, the firm had announced that it had made a final investment decision to proceed with the construction of the Phoenix in-situ recovery uranium mine, and that site preparation and construction activities for Phoenix planned to commence later in the year.