Codrus Minerals (ASX: CDR) Rallies 16.22%: Can Its New Uranium Assets Reset the Story?

Aditi Sarkar

31 August 2026 01:56 PM AEST

Codrus Minerals (ASX: CDR) Rallies 16.22%: Can Its New Uranium Assets Reset the Story?

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Key Highlights

Codrus Minerals (ASX: CDR) climbed 16.22% to AUD 0.043.
CDR has gained 95.46% over one year based on the supplied market data.
The company announced new asset acquisitions in August 2026.
Codrus is expanding its portfolio through uranium projects in Saskatchewan and Quebec.

Codrus Minerals Limited (ASX: CDR) has given investors a new angle to follow after expanding its critical-minerals portfolio. Shares rose 16.22% to AUD 0.043 in the supplied market snapshot, with the stock up 95.46% over one year. The latest corporate activity centres on uranium, adding a new layer to the company’s exploration strategy.

New Assets Broaden the Portfolio

On 3 August 2026, Codrus announced the Acquisition of new assets and was subsequently reinstated to Quotation on the ASX after a period of suspension. The transaction and associated Capital raising marked a significant change in the company’s portfolio direction.

Jasper Wedge Targets Athabasca Potential

Codrus now holds the Jasper Wedge Uranium Project in Saskatchewan, located approximately 45 kilometres southeast of the Cigar Lake uranium mine. The project sits within the Athabasca Basin, giving the company exposure to a well-established uranium province.

Nanuk Adds a Second Uranium Platform

The company also holds the Nanuk Uranium Project in Quebec. Codrus has highlighted the limited historical exploration of the project and high-grade uranium results from surface sampling, adding another exploration target to the expanded portfolio.

What Could Come Next for Codrus Minerals (ASX: CDR)?

The next phase will involve integrating the new assets into Codrus’ exploration strategy while continuing work across its existing portfolio. Investors will be watching project prioritisation, exploration programs and the company’s ability to advance its enlarged uranium and critical-minerals footprint.

FAQs

Q: What is CDR’s share price?

A: CDR was trading at AUD 0.043 based on the supplied data.

Q: How has CDR performed over one year?

A: CDR has gained 95.46% over one year.

Q: What new assets has Codrus Minerals added?

A: Codrus has expanded its portfolio with the Jasper Wedge Uranium Project in Saskatchewan and the Nanuk Uranium Project in Quebec.

Q: When was Codrus reinstated to trading?

A: Codrus was reinstated to quotation on the ASX on 3 August 2026.

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