M&A

Superior doubles down on uranium

Undertaking DD on properties in Wyoming and Utah

This article is 5 years old. Images might not display.

The properties are owned by Premier Uranium, an entity said to owned by a fund controlled by Sachem Cove Partners, "a prominent uranium/nuclear power dedicated hedge fund led by uranium investor Mike Atkin".

Superior is paying A$200,000 to take a look at Sweetwater (Wyoming) and Uravan (Utah), with no deal agreed-to should the ASX-listed junior likes what it sees.

Sweetwater is adjacent to Rio Tinto's non-operating mill and resource of the same name.

Earlier this month Superior announced it was undertaking DD on the Aurora uranium property in Oregon.

The move into uranium comes as a long mooted recovery in the price of commodity has possibly begun to take shape.

It also comes as Superior find it difficult to attract much attention to its namesake zinc play in Ontario.

Superior is led by executive director Grant Davey, who was previously a key figure at Boss Resources and its advanced Honeymoon uranium project in South Australia.

Shares in Superior were up 11% to 10c in afternoon trade, capitalising the company at $13 million.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.