Top 7 ASX uranium stocks to watch in 2026

Uranium is the fuel that powers nuclear reactors, generating electricity without burning fossil fuels. The seven stocks here sit across three sectors – most are uranium-focused energy companies, but BHP Group ($BHP) mines uranium as part of a broader copper operation, and Silex Systems Limited ($SLX) is developing laser-based uranium enrichment technology rather than extracting the ore itself.

How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in A$. Data updated as of 10 August 2026.

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1. BHP Group ($BHP)

BHP Group (BHP) share price over the last year: started at A$41.26, ended at A$63.52, a change of +54.0%. Range over the period: high A$65.59, low A$39.64. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $63.52 · Daily: 0.9% · Market cap: $322.77B · Sector: Basic Materials · Industry: Metals & Mining

BHP Group ($BHP) is one of the world's largest resources companies, with 39,958 employees and operations stretching across Australia, North and South America, Europe, and Asia. Its core output covers iron ore, copper, metallurgical coal, nickel and potash – uranium sits within the Copper segment rather than as a standalone business.

The uranium connection runs through $BHP's South Australian underground mines: Olympic Dam, Prominent Hill and Carrapateena. Olympic Dam in particular produces uranium as a co-product alongside copper, gold and silver. That makes $BHP's uranium exposure quite different from a pure-play miner – CEO Brandon Craig oversees a company where uranium is one element of a much broader commodities portfolio, and its production volume moves with the copper operations that drive those mines.

2. NexGen Energy ($NXG)

NexGen Energy (NXG) share price over the last year: started at A$10.42, ended at A$14.60, a change of +40.1%. Range over the period: high A$19.52, low A$9.99. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $14.60 · Daily: 1.4% · Market cap: $9.77B · Sector: Energy · Industry: Uranium

NexGen Energy ($NXG) is a development-stage uranium company with one defining focus: bringing the Rook I Project into production. The project sits in the southwestern Athabasca Basin in Saskatchewan, a region known for concentrated uranium geology.

The centrepiece of Rook I is the Arrow Deposit – a 100% land-based, basement-hosted uranium discovery that $NXG describes as high-grade. The property also hosts several other targets, including South Arrow, Harpoon, Bow and the Cannon area, with the Harpoon Discovery sitting 4.7 kilometres northeast of Arrow.

Under CEO Leigh Curyer, the company runs on a team of 142 people – a tight headcount for a project of this scale, which reflects how early $NXG still sits in the development cycle. No ore has been extracted commercially yet; the underground mine and mill are still being built out.

Because $NXG is pre-revenue, its value rests entirely on what Rook I eventually delivers rather than current earnings – which means the stock carries a different risk profile than an operating uranium miner.

3. Paladin Energy ($PDN)

Paladin Energy (PDN) share price over the last year: started at A$6.61, ended at A$10.38, a change of +57.0%. Range over the period: high A$14.54, low A$6.34. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $10.38 · Daily: 2.3% · Market cap: $4.66B · Sector: Energy · Industry: Uranium

Paladin Energy ($PDN) produces uranium through its 75% stake in the Langer Heinrich Mine, situated in central western Namibia. The mine lies roughly 80 kilometres east of Swakopmund, with the Walvis Bay deepwater harbour nearby for export logistics.

The Patterson Lake South project in Canada hosts a near-surface uranium deposit called Triple R, adding development-stage exposure to $PDN's portfolio. Exploration ground in Queensland, Western Australia and Canada rounds out the company's holdings, with prospects including Michelin in Labrador and earlier-stage projects like West Cluff and Larocque.

4. Silex Systems Limited ($SLX)

Silex Systems Limited (SLX) share price over the last year: started at A$4.01, ended at A$5.07, a change of +26.4%. Range over the period: high A$10.49, low A$3.52. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $5.07 · Daily: 4.3% · Market cap: $1.41B · Sector: Technology · Industry: Semiconductors

Silex Systems Limited ($SLX) is a technology commercialisation company, and its primary asset is the SILEX laser isotope separation technology. The uranium enrichment application is being developed jointly with licensee Global Laser Enrichment LLC.

Beyond nuclear power, the SILEX technology also targets silicon enrichment for quantum computing and medical isotope production for cancer therapies. CEO Michael Goldsworthy leads $SLX across three segments: Silex Systems, Translucent and Silex USA.

5. Deep Yellow ($DYL)

Deep Yellow (DYL) share price over the last year: started at A$1.51, ended at A$1.44, a change of −4.6%. Range over the period: high A$2.91, low A$1.22. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $1.44 · Daily: 3.6% · Market cap: $1.40B · Sector: Energy · Industry: Uranium

Deep Yellow Limited ($DYL) is focused entirely on uranium, with a project portfolio spread across Namibia and Australia. Its Namibian assets sit at the centre of the company's development pipeline, anchored by the Tumas Project – a palaeochannel and calcrete-type uranium deposit – alongside the Omahola Project, which sits within the Alaskite Alley corridor near established uranium deposits at Rossing and Husab.

Back in Australia, $DYL holds the Mulga Rock Project, which covers two separate mining areas across a total length of 30 kilometres, as well as the early-stage Alligator River Project. CEO Greg Field leads the company as it works to advance these assets toward development.

6. Bannerman Energy ($BMN)

Bannerman Energy (BMN) share price over the last year: started at A$2.52, ended at A$3.53, a change of +40.1%. Range over the period: high A$4.90, low A$2.35. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $3.53 · Daily: 4.1% · Market cap: $752.3M · Sector: Energy · Industry: Uranium

The Etango uranium deposit in Namibia's Erongo Region is the sole project underpinning Bannerman Energy ($BMN). The deposit sits about 30 kilometres south-east of Swakopmund and holds a uranium mineral resource of 207 million pounds of U3O8 – the oxide form of uranium used as nuclear fuel feedstock.

Etango is an undeveloped deposit in the Erongo uranium mining region, which also hosts the Rossing, Husab and Langer-Heinrich mines. $BMN is incorporated in Australia and holds its Namibian project interests through a local subsidiary, Bannerman Mining Resources (Namibia). Gavin Chamberlain is chief executive.

7. Boss Energy ($BOE)

Boss Energy (BOE) share price over the last year: started at A$1.77, ended at A$1.41, a change of −20.3%. Range over the period: high A$2.12, low A$1.01. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: $1.41 · Daily: 5.6% · Market cap: $585.4M · Sector: Energy · Industry: Uranium

Boss Energy Limited ($BOE) centres its business on two uranium projects – the Honeymoon Uranium Project in South Australia and a 30% stake in the Alta Mesa project in South Texas. Honeymoon sits about 80 kilometres northwest of Broken Hill, covering a tenement package of around 2,595 square kilometres across two exploration regions.

The Alta Mesa operation in Texas uses in-situ recovery (ISR) – a method that dissolves uranium underground and pumps it to the surface without conventional open-pit or underground mining. That Texas district has produced roughly 80 million pounds of uranium historically, according to $BOE's own project materials.

CEO Matt Dusci oversees both operations, giving the company a foot in two separate uranium-producing jurisdictions. The dual-segment structure means $BOE's output isn't tied to a single site or regulatory environment.

Common questions

How can I invest in uranium stocks in Australia?

All seven companies in this list trade on the ASX, so you can buy shares through any share trading platform with ASX access. The process works the same as buying any other ASX-listed share – search the ticker, place an order, and the trade settles through CHESS (the ASX's clearing and settlement system). Because the companies here range from active producers to development-stage projects to a technology company, the nature of the exposure and the risks attached to each vary considerably between them.

What are the key risks of uranium stocks?

Uranium is a globally traded commodity, so the revenue outlook for producers moves with the spot price and the terms of long-term supply contracts – both of which can shift independently of a company's own operations. Development-stage companies carry further risk: projects can face permitting delays, cost blowouts, or difficulty securing funding before producing anything. Uranium is also subject to strict government controls under nuclear non-proliferation frameworks, so policy changes in producing or purchasing countries can affect both the ability to operate and the ability to sell. Several companies in this list earn – or expect to earn – revenue in USD while reporting in AUD, so exchange rate movements feed through to their financial results.

What types of uranium exposure does this list cover?

The companies here sit at different points in the uranium supply chain. Paladin Energy and Boss Energy are active producers – Paladin at Langer Heinrich in Namibia, Boss at Honeymoon in South Australia. NexGen Energy, Deep Yellow and Bannerman Energy are each advancing development-stage projects that have not yet reached production. BHP's uranium exposure is a byproduct of copper operations at Olympic Dam rather than a dedicated uranium business. Silex Systems is different again – it's commercialising a laser-based enrichment technology, which sits downstream of mining rather than in it.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

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