The current global credit crunch could create an early end for some uranium projects in the Northern Territory according to a leading market analyst.

Research director with BGF Equities, Warwick Grigor says there is a short term danger for companies that are relying on stock markets for funding.

He says a company like Toro Energy who are looking to develop their uranium deposit at napperby, north of Alice Springs, could be in trouble.

"They're in a bit more of a difficult position, because they're out trying to raise money at 20 cents a share now and the share price has fallen to 14 cents, so one would say that's quite a challenge.

"But everywhere people have to be watching their budget, the markets will recover but it's a matter of whether it's in three months, six months or 12 months and they have to survive that time."

In response, managing director of Toro Energy, Greg Hall says the company is confident the Napperby project can be successful and that some financial backing to further the project has already been shored up.

"We are reasonably well funded, we have a strong support from Oz Minerals. Recently we've gone out for a capital raising and they have underwritten their 46 per cent already and are committed to that.

"So we're going to be looking at the market over the next two to three months to raise additional capital."

In this report: Warwick Grigor, research director for BGF Equities; Greg Hall, managing director of Toro Energy.