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Welcome to your source for the best uranium stocks available across the global stock market. Inside you will find companies organized in an alphabetized stocks list. Each page provides a company summary including project and prospect highlights. The summary also includes the company’s stock symbols, company news, official company Tweets, and professional stock charts.
Each company’s income statements, balance sheets, statements of cash flow, earnings, and key statistics (ROI/ROE/EV/market cap/etc) are available when you click on the “more financials” button on the right below the current stock price for each company.
The current U308 spot price can be found on all group and forum pages. Plus, you will have access to a complete social networking platform for enthusiasts with organized company groups, company forums, personalized notifications, personal timelines, private messaging, @mentions, private social connections, and so much more. “
Investing in the Best Uranium Penny Stocks During The Last Bull Market
A uranium bull market is currently underway! The last one occurred from 2000 to 2007 and saw incredible returns, such as those for the best tiny uranium stocks during that time period:
- Paladin Energy (ASX PDN, OTCMKTS PALAF) swelled from $0.01 to $10.00 (99,900%)
- Cameco Corporation (NYSE CCJ, TSX CCO) increased from $3.42 to $49.60 (1,350%)
- Denison Mines (NYSE DNN, TSX DML) rose from $0.25 to $16.57 (6,528%)
- Mega (TSX MGA, OTCMKTS MGAFF) rocketed from $0.03 to $8.98 (29,833%)
- UEX Corporation (TSX UEX, launched from $0.08 to $9.15 (11,337%)
- Energy Fuels (NYSE UUUU, TSX EFR) flew from $2 to $274 (13,600%)
The greatest returns come from investing before or at the beginning of a bull market. The time to invest in the best uranium penny stocks could be right now!
There are currently 442 operating nuclear power plants (reactors) burning approximately 151 million pounds of natural uranium annually to produce nuclear energy. The world is currently constructing another 53 nuclear power reactors all needing fuel for initial load and onsite inventory and then refueling regularly thereafter for their entire operating life. A whopping 40 of those nuclear reactors being constructed will be online before mid-decade.
There are another 98 reactors that are planned for construction and another 326 proposed. In addition to these power generating reactors, there are another 220 research reactors, plus another 200 reactors powering marine propulsion.
A growing fleet of new generation small modular reactors are being designed, tested, and have global interest for coming online. Small modular reactors provide great promise for cheaper and more rapid deployment of stable baseload power. Remote locations and developing nations which cannot afford conventional nuclear power stations will benefit greatly from this new technology.
The world is powered by nuclear with 11% of global electricity being sourced from operating reactors. The United States relies on nuclear power as an energy source for nearly 20% of its electricity generated.
Nuclear power is a popular choice for the electricity needs of consumers because it operates around-the-clock, even through calm winds. Wind and solar are not reliable sources when you need them most—when your lights go out at night or on cloudy days.
Nuclear reactors do not emit major carbon emissions into the atmosphere like other baseload power sources like natural gas or coal. The only fuel these reactors can use is enriched uranium, and lots of it. Importantly, demand does not fall with financial market performance.
The supply and demand imbalance is already unreasonable with producing mines being placed on care and maintenance. This action was necessary as sales prices are way below the cost of production. This forced U3O8 production companies to become buying customers of spot. The spot market consists of short term contracts for small amounts of available and non-contracted nuclear fuel.
During 2019, natural uranium production was about 20 million pounds less than demand requirements. During the global COVID pandemic of 2020, well over 20 million pounds of production was lost.
Nuclear reactor uranium demand is projected to increase 75% by 2040.
Between 2020 and 2035, there is over 1,500,000,000 (1.5 Billion) pounds of uncovered demand for uranium from world nuclear consumers! Uncovered demand means those pounds are not secured by contract between consumer and producer. Uranium prices must go higher.
A large percentage of the contracts that were written during the last boom cycle are already expired or will be expiring during the next few short years. In fact, the last major contracting cycle occurred between 2005 and 2008. Utilities have simply not been buying much fuel with long term contracts. They have instead been burning off their on-site inventories or adding small amounts via short term contracts in the spot market.
Nearly half of the top 10 uranium mines globally will run dry by 2030, leaving even fewer options available globally to secure their raw fuel source. In fact, energy agencies note that there are 9 mines that will be depleted by 2030:
When the contracting cycle starts, it is believed by market experts that there will be a massive run globally to secure uranium ore from the few mines remaining in production. There simply are not enough mines online to fill demand and new mines like NexGen Energy will need to be brought online as a uranium producer to meet global needs.
The global nuclear power industry relies heavily on the exploration for new ore deposits and development of new mines to continue its operations at a sustainable level in the future, yet there are not enough resources being allocated today that will lead to economic growth tomorrow.
The uranium market is in a massive state of flux. Producers are now spot-market buyers, significantly reducing excess mobile inventory creating a perfect storm for much higher prices.
Experts are warning that even if all producing mines are brought back online, there will still be a massive supply deficit lasting many years.
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