• Australia’s Gladiator Resources is in talks to sell its uranium assets at Mkuju.

• The project includes Likuyu North with 4.6m lbs of uranium at 267 ppm, plus other prospects.

• Rising global nuclear demand boosts Tanzania’s appeal, with first mine due by 2029.

Gladiator Resources announced yesterday it is in discussion with several groups over the sale of its uranium exploration assets in the Mkuju area of Tanzania. The Australian mining firm highlighted “strong interest” from potential buyers, with initial offers expected in the coming months.

While details of the talks remain undisclosed, Gladiator said a sale would allow it to focus on rare earth projects in the United States. The company’s Tanzanian permits are grouped under the Mkuju project, which includes the Likuyu North deposit, estimated to hold 4.6 million pounds of uranium at a grade of 267 ppm, along with the Likuyu South and Mtonya-SWC prospects.

The announcement comes as investment in Tanzania’s uranium sector gathers pace. In late July, Uranium One, a subsidiary of Russian company Rosatom, inaugurated a pilot plant for its Mkuju River project, also located in the same region as Gladiator’s assets. The facility is intended to pave the way for an industrial mine on the site by 2029, which would be Tanzania’s first.

Meanwhile, Moab is advancing exploration at its Manyoni project, where it is preparing an initial resource estimate.

This activity coincides with renewed global interest in nuclear power amid the energy transition. The World Nuclear Association (WNA) forecasts that global uranium demand will rise 28% by 2030 and by 51% between 2031 and 2040.

With both new entrants and established players investing, Tanzania could benefit from these favorable prospects to develop its uranium industry.

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