Urano Energy

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.

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

Product category

Uranium Exploration

akta.pro primary industry

Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)

Keywords

• Uranium exploration
• Mineral resource development
• Uranium mining assets
• Nuclear fuel supply
• Critical minerals exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Supply Chain

Revenue model

1. Uranium Resource Development: Pre-revenue exploration stage company focused on developing uranium resources. Revenue potential from future uranium extraction and sales.

Marketing channels1 record

Core 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

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Pegasus Resources Inc.minorStrategic or Co-development Partner · 7 May 2026Three-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 or Co-development Partner · 27 October 2025Strategic 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

Direct 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

• Facebookfacebook.com/uranoenergycorp
• LinkedInlinkedin.com/company/urano-energy-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urano Energy