Urano Energy
Urano Energy was a pre-revenue North American uranium exploration company consolidating past-producing uranium mines across the U.S. Colorado Plateau and Canada's Athabasca Basin for future supply into the domestic nuclear energy industry.
- Company typePrivate
- Founded1999
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Urano Energy does
Urano Energy Corp. was a British Columbia-incorporated uranium exploration and development company focused on acquiring and advancing conventional uranium assets in the United States, with a secondary footprint in Canada's Athabasca Basin. The company's core portfolio comprised 15 past-producing uranium mines spanning 25 underexplored properties across approximately 25,099 acres in the U.S. Colorado Plateau region, anchored by two flagship projects: the I-70 Uranium Project in Utah (expanded in October 2025 through the acquisition of the Snow and Probe Uranium Mines from enCore Energy, increasing land rights by approximately 60%) and the Green River Uranium Project in Utah's San Rafael River District, where an evaluation confirmed approximately 1.4 million pounds of historical indicated and inferred U3O8 resources.
The business operated as a pre-revenue, single-segment exploration vehicle with no current product sales; the underlying business model contemplated future revenue from uranium extraction and sales into the domestic nuclear energy supply chain, targeting demand driven by uranium's designation as a critical mineral for North American energy security. The company employed 1-10 people and pursued a capital-intensive asset-consolidation strategy funded by private placements (CAD $700,000 in May 2025 and a combined CAD $11.5 million in March 2026 alongside co-transaction partners).
On May 7, 2026, Urano was acquired by Manhattan Uranium Discovery Corp. (formerly Aero Energy Limited) through a court-approved plan of arrangement, with Urano shareholders receiving 0.2 Manhattan shares per Urano share held (implying an enterprise value of approximately $19 million). The transaction was a three-way combination that also included Pegasus Resources Inc., creating a combined uranium-focused entity trading on the TSX Venture Exchange under ticker MANU and consolidating 15 past-producing mines and Athabasca Basin exploration assets under one operator.
Urano Energy firmographics
Firmographics- Name
- Urano Energy
- Legal name
- Urano Energy Corp.
- Website
- https://uranoenergy.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Urano Energy was a pre-revenue North American uranium exploration company consolidating past-producing uranium mines across the U.S. Colorado Plateau and Canada's Athabasca Basin for future supply into the domestic nuclear energy industry.
- Ownership category
- akta.pro rank
Urano Energy industry classification
Industry- Product category
- Uranium Exploration
- akta.pro primary industry
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)
Keywords
Where Urano Energy is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Urano Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Supply Chain
Revenue model
- Uranium Resource Development: Pre-revenue exploration stage company focused on developing uranium resources. Revenue potential from future uranium extraction and sales.
Marketing channels1 record
Urano Energy product offering
Product offeringCore offering
Urano Energy is a pre-revenue uranium exploration and development company focused on acquiring, consolidating, and advancing conventional uranium assets in the United States. Its portfolio includes the I-70 Uranium Project and Green River Uranium Project in Utah, a broader Colorado Plateau portfolio of 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres, and exploration assets in Canada's Athabasca Basin. The company intended future revenue from uranium extraction and sales into the nuclear energy industry.
Product overview
Urano Energy was a uranium exploration and development company that operated as a single-product portfolio company focused on North American uranium assets. The company's primary offerings included the I-70 Uranium Project in Utah (expanded via acquisition of Snow and Probe mines from enCore Energy), the Green River Uranium Project with confirmed historical resources of approximately 1.4 million pounds of U₃O₈, and a broader portfolio of 15 past-producing uranium mines across 25 properties totaling 25,099 acres in the Colorado Plateau region. These assets were consolidated into Manhattan Uranium Discovery Corp. following the May 2026 acquisition by Aero Energy Limited.
Differentiator
Problem solved
Functional benefit
Products and services
- I-70 Uranium Project Uranium exploration and development project located in Utah, expanded through acquisition of the Snow and Probe Uranium Mines from enCore Energy Corp., increasing land rights by approximately 60% and adding historic resources with exploration potential. Intended for future uranium extraction targeting nuclear energy industry buyers.
- Green River Uranium Project Uranium project located in Utah's San Rafael River District with confirmed historical uranium inventory of approximately 1.4 million pounds of U3O8, featuring existing permits and extensive exploration data. Targeted at domestic nuclear energy supply.
- Colorado Plateau Uranium Portfolio Portfolio of 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres in the U.S. Colorado Plateau region, intended to supply domestic uranium to the nuclear energy industry.
- Athabasca Basin Exploration Assets High-grade uranium exploration assets located in Canada's Athabasca Basin region in Saskatchewan, forming part of Urano Energy's North American uranium portfolio alongside its U.S. holdings.
Quantifiable outcome
- 1.4 million pounds of historical uranium inventory confirmed at Green River Project
Companies that use Urano Energy
Customer profileSegments1 record
Ideal customer profiles1 record
Urano Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Urano Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Pegasus Resources Inc.minorThree-way combination with Urano Energy and Aero Energy Limited to form Manhattan Uranium Discovery Corp. Pegasus valued at approximately $2.5 million in the transaction.
- enCore Energy Corp.coreStrategic acquisition of the Snow and Probe Uranium Mines from enCore Energy Corp., expanding the I-70 Uranium Project in Utah. The acquisition increased land rights by approximately 60% and added historic uranium resources with exploration potential.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Urano Energy competitors and assessment
Company assessmentDirect peers
- Denison Mines Corp. Athabasca Basin-focused uranium developer with the Wheeler River and McClean Lake projects. Highly comparable as an Athabasca uranium explorer/developer with a similarly staged asset base.
- NexGen Energy Ltd. Developer of the Arrow deposit in the Athabasca Basin, one of the largest undeveloped uranium projects globally. Comparable as an Athabasca-focused uranium developer with exploration upside.
- enCore Energy Corp. U.S.-focused uranium ISR producer and explorer with assets in Texas, Wyoming, and the Colorado Plateau. Directly comparable as a U.S. uranium developer and counterparty on Urano's Snow and Probe Mines acquisition.
- Uranium Energy Corp (UEC): One of the largest U.S.-focused uranium companies with ISR production in Texas and Wyoming plus an extensive exploration portfolio in the Americas. Closest direct peer to Urano by jurisdiction and business model (uranium exploration/development in the U.S.).
- Peninsula Energy Limited: Uranium producer with ISR operations at Lance in Wyoming. Comparable as a U.S. ISR-focused uranium developer leveraging past-producing assets, similar profile to Urano's exploration and past-producing mine strategy.
- Energy Fuels Inc. U.S.-based uranium and rare earths producer operating the White Mesa Mill in Utah — directly comparable as a U.S. uranium operator with assets in the Colorado Plateau region that hosts Urano's exploration portfolio.
Broad incumbents
- Cameco Corporation: World's largest pure-play uranium producer, operating tier-one assets in the Athabasca Basin (Cigar Lake, McArthur River). Broad incumbent peer to Urano by commodity and Athabasca exposure.
Emerging players
- IsoEnergy Ltd. Athabasca Basin uranium explorer (Hurricane zone) with a portfolio of exploration-stage projects. Comparable as a junior Athabasca uranium explorer; similar stage and asset profile to Urano's Athabasca holdings.
- Skyharbour Resources Ltd. Canadian uranium exploration company with a portfolio of Athabasca Basin and other projects. Comparable as a junior uranium explorer with similar Athabasca exposure and project scale.
- Fission Uranium Corp. (Paladin Energy subsidiary): Developer of the PLS high-grade uranium project in the Athabasca Basin, now part of Paladin Energy. Comparable as an Athabasca-focused uranium developer with advanced-stage exploration assets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Urano Energy social profiles
Digital presenceUrano Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Urano Energy leadership team
Management profileNumber of profiles
Profiles1 record
Urano Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Urano Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Urano Energy
What does Urano Energy do?
Urano Energy is a pre-revenue uranium exploration and development company focused on acquiring, consolidating, and advancing conventional uranium assets in the United States. Its portfolio includes the I-70 Uranium Project and Green River Uranium Project in Utah, a broader Colorado Plateau portfolio of 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres, and exploration assets in Canada's Athabasca Basin. The company intended future revenue from uranium extraction and sales into the nuclear energy industry.
Is Urano Energy a public or private company?
Urano Energy is a private company. It is classified as venture growth investor backed and is currently acquired.
When was Urano Energy founded?
Urano Energy was founded in 1999. It employs 1 to 10 people.
Where is Urano Energy based?
Urano Energy is headquartered in Vancouver, Canada, in the North America region.
How does Urano Energy make money?
One revenue line is on record: uranium Resource Development.
Who are Urano Energy's main competitors?
Direct peers on record are Denison Mines Corp., NexGen Energy Ltd., enCore Energy Corp., Uranium Energy Corp (UEC), Peninsula Energy Limited and Energy Fuels Inc.. Cameco Corporation is listed as a broad incumbent. Emerging players are IsoEnergy Ltd., Skyharbour Resources Ltd. and Fission Uranium Corp. (Paladin Energy subsidiary).
Does Urano Energy have an API?
No public API is recorded for Urano Energy.
What industry is Urano Energy in?
Urano Energy's product category is Uranium Exploration. Its primary akta.pro industry code is EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production).