Saudi Arabia discovers 110 million tonnes of uranium-concentrated ore in Madinah region
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman announced the discovery of 110 million tonnes of ore containing uranium at the Jabal Sayid project in the Madinah region. He said the ore contains high concentrations of rare earth elements, particularly heavy rare earth elements, alongside promising concentrations of uranium. The discovery follows a US-Saudi deal for a civilian nuclear programme signed in July.
Why it matters: This discovery ties into the critical minerals theme by positioning Saudi Arabia as a potential supplier of uranium and rare earth elements amid US-Saudi nuclear co-operation.