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Saudi Arabia Discovers 110 Million Tonnes of Uranium-Bearing Ore
oilprice.com · September 14, 2026 · Week 2026-38
Summary
Saudi Arabia has announced the discovery of 110 million tonnes of uranium-bearing ore in the Medina region, a significant step in its ambition to develop a domestic nuclear energy industry. The discovery, announced by the Energy Minister, supports the Kingdom's strategy to diversify its economy by leveraging its mineral wealth. This could eventually provide a domestic fuel source for Saudi Arabia's planned nuclear power reactors.
Strategic Implication
This discovery signals Saudi Arabia's serious intent to build a self-sufficient nuclear fuel cycle, reducing future reliance on imported uranium and positioning the Kingdom as a potential player in the global nuclear market.