ASX Uranium Stocks: 5 Biggest Companies in 2025
Uranium prices have surged since 2020, fueled by growing demand and optimism for the future. In February 2024, uranium reached its highest level in nearly two decades when values surpassed the US$100 level.
Since then, prices have contracted, but remain historically high. Geopolitical tensions and trade concerns weighed on uranium prices in early 2025, pushing values below US$65 per pound for the first time since 2023.
Now on the rebound spot U3O8 prices are holding at the US$70 level.
Looking at tight supply and strong demand, experts say the future of uranium is bright. With hopes high for the commodity, those looking to capitalise on uranium stocks have a lot of upside to bolster their investment case.
Australia’s uranium mines have made the country a significant global producer, and ASX-listed uranium stocks are big players in other countries as well.
To help interested investors, the Investing News Network has compiled a list of the biggest ASX uranium stocks by market cap. Data was gathered on May 22, 2025, using TradingView’s stock screener. All data was current at that time.
Market cap: AU$2.27 billion
Share price: AU$5.41
Based out of Western Australia, Paladin Energy’s goal is to be a reliable supplier of clean energy for the future. Its main focus is uranium mining, and it currently has one active mine: the Langer Heinrich uranium mine in Namibia, of which it owns 75 percent. The company acquired Fission Uranium in 2024, adding Fission’s Patterson Lake South (PLS) uranium project in the Athabasca Basin of Saskatchewan, Canada, to Paladin’s portfolio of exploration projects that spans Canada and Australia.
Paladin Energy paused operations at Langer Heinrich in 2018 amid persistently low uranium prices, but began a restart process in 2022, bolstered by a successful share purchase plan. The mine resumed commercial uranium production in March 2024, on schedule and within the projected US$125 million budget. It is currently processing stockpiled ore as it advances towards open-pit mining operations.
Paladin temporarily suspended production at Langer Heinrich in March 2025 after the region experienced a “one-in-fifty-year” weather event that brought unseasonal heavy rain, disrupting site access, ore processing and progress towards open-pit mining. Operations had resumed by the end of the month, but the disruptions led Paladin to withdraw its fiscal year 2025 guidance.
Despite the disruption, in its report for the quarter ended March 31, Paladin reported a 17 percent quarter-over-quarter production increase at Langer Heinrich, delivering 745,484 pounds of U3O8. This marks the highest quarterly output since the mine’s restart. For the nine months ending March 31, 2025, the mine produced 2.02 million pounds.
In Canada, Paladin received a key exemption from the federal Non-Resident Ownership Policy for its PSL project during the quarter, allowing it to advance development. The company…