Canadian mining firm Urano Energy has expanded its footprint in the uranium sector with the acquisition of 15 properties in Utah and Colorado. The transaction, completed through agreements with two Utah-based private companies, adds 345 claims across 8,200 acres to Urano Energy’s portfolio. Fourteen of the properties have a history of uranium production, reflecting the region’s longstanding mining activity.
The properties are located in Utah’s Uravan, La Sal, and Lisbon Valley districts, known for their sandstone-hosted uranium deposits and extensive exploration history. This purchase increases Urano Energy’s total holdings in the Colorado Plateau region to 21,840 acres, further solidifying its presence in one of North America’s most productive uranium belts.
Urano Energy will pay $5.82 million in cash and issue $4.8 million worth of company shares as part of the acquisition deal. The company plans to begin exploration work on the newly acquired assets, which will include confirmatory drilling and the digitization of historical geological data. 
CEO Jason Bagg said the acquisition marks a critical step in the company’s growth. “These properties, most of which have a history of production in leading uranium-producing districts, strengthen Urano Energy’s portfolio and provide strategic opportunities for development. With their accessible, shallow, tabular-style deposits, they are well-positioned for future production.”
The company’s newly acquired assets will join its existing portfolio of three properties in Utah and five in the Colorado section of the Uravan Mineral Belt. The combined holdings underscore Urano Energy’s focus on advancing projects in areas with proven uranium resources.
Among the newly acquired properties, the Green River Property in Utah stands out due to its existing mining permits and prospective uranium assets. The properties’ sandstone formations, a hallmark of uranium deposits in the region, have contributed to the area’s reputation as a key source of uranium for the nuclear energy sector.
Uranium mining has a long history in the Colorado Plateau region, particularly in the Uravan Mineral Belt, which has produced more than 80 million pounds of uranium since 1945. The newly acquired properties are expected to build on this legacy, providing Urano Energy with opportunities for resource development in districts known for their rich mineralization and established infrastructure.
