The lower Cambrian Yurtus Formation (Є₁y) in the Tarim Basin, characterized by its high organic matter content, serves as a critical source rock for oil and gas exploration in the platform basin. This study presents a high-resolution geochemical analysis of a geological section located near the Aksu Cement Plant in the northwest margin of the Tarim Basin. The focus is on elucidating the sedimentary environment, mechanisms of organic matter enrichment, and the depositional history of the Є₁y source rock. The Є₁y exhibits distinctive geochemical signatures, including elevated concentrations of Mo, Ba, and U, with an average rare earth element (REE) content of 155.75 μg/g. The formation shows significant light REE enrichment (LREE/HREE = 1.74–5.57), a moderate Ce negative anomaly (δCe = 0.4–0.71), and a notable Eu positive anomaly (δEu = 0.94–2.14), indicative of a unique depositional environment influenced by hydrothermal processes. Geochemical evidence suggests that the Є₁y siliceous shales were deposited in a highly reducing, anoxic, and sulfide-rich environment, promoting organic matter preservation and enhancing sedimentary productivity. The presence of hydrothermal trace elements, likely introduced by hydrothermal fluids from volcanic activity along fractures and faults, played a critical role in enriching the sedimentary system, preserving organic matter, and boosting paleoproductivity. The model of organic matter enrichment proposed in this study underscores the dynamic interplay between hydrothermal influences and high primary productivity. These findings provide important insights into the formation of high-quality source rocks and have significant implications for the exploration of deep and ultra-deep oil and gas reserves in the Tarim Basin.