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Top Uranium Stocks to Buy
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. “
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, including:
- 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!
Massive Demand Creates Opportunity for Uranium Stocks
There are currently 442 operating nuclear power plants (reactors) burning approximately 151 million pounds of natural uranium ore 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 a global interest in coming online. Small modular reactors provide great promise for cheaper and more rapid deployment of stable baseload power. Remote locations and developing nations that 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 were lost.
Nuclear reactor uranium demand is projected to increase 75% by 2040.
Disrupted Supply Can Launch Uranium Stocks Even Higher
Between 2020 and 2035, there are 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. U3O8 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. 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. Energy agencies note that 9 mines will be depleted by 2030:
- Cominak – CLOSED 03/31/2021
- Ranger – CLOSED 01/7/2021
- Rossing – planned closure 2025
- South Moinkum
- East Mynkuduk
- Cigar Lake
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 the demand and new large and high-grade mines like NexGen Energy‘s Arrow project 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 the 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 U308 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.
The influx of new financial buyers has led to a drastic reduction in inventory.
Experts are warning that even if all producing mines are brought back online, there will still be a massive supply deficit lasting many years.
How To Invest In Uranium
There are three ways that you can invest in uranium – stocks, ETF’s, and futures.
- Invest in companies doing business in the uranium space.
- Exchange-traded funds (ETFs) focusing on uranium.
- Uranium futures
Investing in companies doing business related to the mining of uranium is an excellent choice because they will have vested interest in their product and more likely provide a return on investment for shareholders over time.
Nuclear energy-focused ETF’s might be the next best thing if there isn’t enough space within your portfolio or company stock options for a full-blown direct investment into these firms; however, futures contracts may also offer some upside potential by way of speculation against volatility swings so make sure it’s managed carefully when coupled with other instruments as both gains from movements up AND losses stemming from moves down must be carefully considered.
The excitement around uranium is palpable and it would be a shame if you missed out on the potential opportunity. Invest! Invest in stocks or ETFs or just wait for your chance to buy futures – either way, there are plenty of opportunities to get started with Uranium now!
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