Elevate Uranium Limited
Elevate Uranium's flagship Koppies project in Namibia carries a 76.2Mlb U3O8 resource (55.9Mlb plus additional; 43.6Mlb, or 78%, in the JORC Indicated category); the company is the largest uranium tenement holder in Namibia and is testing its proprietary U-pgrade beneficiation process in a pilot plant in Namibia, with results for the first four of five stages reported in August 2026. Its next planned study is a Marenica scoping study, and no economic study has been published for Koppies. Cash of A$36.65 million (reflecting a 2026 raise) against immaterial debt of A$390,561.
Notable vs. Peers
- Financials score of 8/10 is stronger than the peer average of 5.7/10.
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)8/10
Namibia is one of Africa's most established uranium jurisdictions, already home to two large operating mines (Rössing, Husab), with a stable, mining-friendly regulatory framework.
Infrastructure (40%)6.4/10
Confirmed road access at Koppies Project, Namibia; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Langer Heinrich (Paladin Energy Ltd / CNNC Overseas Uranium Holding Ltd), 109 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:3/10
Nearest producing mine: Langer Heinrich (Paladin Energy Ltd / CNNC Overseas Uranium Holding Ltd), 109 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:8/10
Namibia: jurisdiction score 8/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:4/10
Primary commodity: Uranium
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Managing Director and Chief Executive Officer of Elevate Uranium Limited, appointed Chief Executive Officer on 1 May 2012 and Managing Director on 2 May 2016. (BSc (Metallurgy), FAusIMM) 41 years' experience in the mining industry and a respected metallurgist with extensive experience in the design, operation and commissioning of gold, uranium and base metal process plants, broadened by management of a metallurgical testwork laboratory and a role as process engineer in an engineering group. For the 10 years prior to joining the company he operated his own business providing metallurgical consulting services to the mining industry worldwide.
Chief Financial Officer of Elevate Uranium Limited since 1 May 2017 and Company Secretary since 8 June 2017. (BBus (Acct), FCPA, FGIA, FCG, MAICD) 43 years of commercial management experience gained in listed Australian public companies, spanning corporate management, project development, mine site operations management, management and financial accounting, corporate finance, investor relations and company secretarial functions. Has been closely involved with exploration, development, scoping and pre-feasibility studies and financing activities, and was managing director of an ASX-listed mining company that acquired and operated an SX/EW copper cathode production facility in Queensland.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Paradice Investment Management holds just under 10% of Elevate Uranium, and several insiders -- led by Non-Executive Chairman Scott Perry -- bought shares on the open market over the past year with no offsetting selling found.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Elevate Uranium is the largest uranium tenement holder in Namibia, and its flagship Koppies project forms part of a 76.2 Mlb U3O8 district resource. The main Koppies deposit has 43,600,000 lb of U3O8 indicated, 78% of its 55.9 Mlb total, plus 12,300,000 lb inferred, while the Hirabeb and Namib IV deposits are entirely inferred and the separate Marenica project holds 40.2 Mlb. The company is testing its proprietary U-pgrade beneficiation process in a pilot plant in Namibia on Marenica ore, with results for the first four of five stages reported on 31 August 2026 and Koppies ore to follow. Its next planned study is a scoping study for Marenica, and no economic study has been published for Koppies.