Saudi Arabia’s (well timed) Uranium find.

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Saudi Arabia has announced the discovery of an estimated 110 million tonnes of uranium-bearing ore in the Madinah region, marking a significant milestone in the kingdom’s efforts to develop its mining sector and support its long-term civilian nuclear energy ambitions, Reuters reported.

The announcement was made by Saudi Energy Minister Prince Abdulaziz bin Salman during the International Atomic Energy Agency (IAEA) General Conference in Vienna. According to the minister, the identified mineralised material contains uranium concentrations alongside rare earth elements and is among the most significant mineral resource discoveries currently under development globally.

The discovery comes as Saudi Arabia accelerates plans to diversify its economy under Vision 2030 by expanding its mining industry and establishing a domestic civilian nuclear power programme. The kingdom has been seeking to develop nuclear energy to meet rising electricity demand, reduce domestic oil consumption for power generation and support its net-zero objectives while creating a new industrial value chain.

Officials said the uranium-bearing deposits could provide a domestic source of nuclear fuel, reducing reliance on imported raw materials if commercial extraction proves viable. The announcement follows years of geological exploration conducted across the kingdom to identify strategic mineral resources, including uranium, rare earth elements, lithium and other critical minerals required for advanced technologies and the global energy transition.

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