5 Countries with the Largest Uranium Reserves in the World in 2024

4. Russia

Total Uranium Reserves: 485,000 MT

Russia ranks 4th in our list of the top 15 countries with the largest uranium reserves in the world in 2024, with its uranium reserves of 485,000 metric tons. Russia, which holds around 8% of the world’s uranium reserves, is well-positioned to enhance its role in the global uranium market. Managed primarily by Rosatom, a subsidiary of ARMZ Uranium Holding, Russia’s uranium production includes the Priargunsky mine and the developing Vershinnoye deposit in Southern Siberia.

Nuclear energy, making up 19% of Russia’s energy mix, is crucial for the country, which operates 37 reactors and has more units under construction. The Russian government aims to increase uranium production to support rising energy needs. Despite geopolitical issues, European countries like France continue to import Russian uranium, demonstrating ongoing international dependence.

Other key projects contributing to this success include the development of Mine No. 6 at the Priargunskoye Industrial Mining and Chemical Union, which is expected to be a major uranium source for the next 40-50 years. Additionally, Rosatom’s subsidiary, JSC Khiagda, is expanding in-situ leach (ISL) operations in Buryatia, and JSC Dalur is advancing the Khokhlovskoye field in the Kurgan region.