Uranium Exploration & Mining

Project Details

Project Name: Uranium
Implementing Agency: Uganda National Mining Company (UNMC)
Product: Uranium

Mineral Resource Estimate

Butare, Kabale 90-98% Heametite 500 MT

Project Cost Estimate:

USD 450 million

Project Description

Uranium occurrences are widely spread; particularly in the Karagwe- Ankole Belt, Buganda-Toro System, and Buhweju Plateau, with recorded mineralization in areas such as Buhweju, Kiboga, Masindi, and Arua.
The project includes exploration, delineation, and potential development of uranium-bearing resources. This will support the development of nuclear energy and the diversification of Uganda’s energy mix, responding to growing industrialisation and power-demand trends.

Proposed financing mode:

JV

Nature of Project:

Greenfield