Canadian Firm Moves to Develop Uranium Project Long Whispered About in Guyana

For decades, there have been quiet acknowledgments—often denied, downplayed, or ignored—that Guyana sits atop uranium deposits. Today, those suspicions are no longer buried.

Canadian company U92 Energy Corp. has now formally advanced plans for a uranium project in Region Seven, effectively confirming what many in technical and mining circles have known but rarely stated openly: Guyana possesses commercially viable uranium resources.

The company disclosed that its Kurupung project spans approximately 92 square kilometres and is tied to a historical estimate of 20.6 million pounds of uranium. While U92 cautions that these figures are not yet compliant with current reporting standards, the scale is enough to place Guyana on the map of emerging uranium jurisdictions.

In its investor updates, U92 openly describes Guyana as a “mining-friendly” territory supported by a pro-mining government—language that signals confidence not just in the geology, but in the political environment surrounding extractive industries.

That openness marks a stark contrast to years of near silence around uranium. Unlike gold, bauxite, or now oil, uranium has remained a sensitive subject globally due to its strategic and security implications. Yet, with nuclear energy gaining renewed traction as part of the global clean energy transition, that silence is rapidly eroding.

The company is preparing to commence a 5,000-metre diamond drilling programme, with equipment already in-country and site preparations underway. Its goal is to update and expand the existing resource estimate by the second half of 2026.

Behind the scenes, technical teams are revisiting more than 129,000 metres of historical drilling data—further evidence that uranium exploration in Guyana is not new, but rather an old reality now stepping into public view.

What was once cautiously avoided in national discourse is now being positioned as an economic opportunity. The question going forward is not whether uranium exists in Guyana, but how transparently—and responsibly—its development will be managed.

𝙏𝙝𝙚 592 𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣-𝙏𝙧𝙪𝙩𝙝 , 𝘼𝙘𝙘𝙤𝙪𝙣𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮,𝙄𝙣𝙩𝙚𝙜𝙧𝙞𝙩𝙮 𝙄𝙣𝙂𝙪𝙮𝙖𝙣𝙖 𝘼𝙣𝙙 𝘾𝙖𝙧𝙞𝙗𝙗𝙚𝙖𝙣 𝙋𝙚𝙧𝙨𝙥𝙚𝙘𝙩𝙞𝙫𝙚𝙨.— ✦