Top Uranium Stocks of 2019 on the TSX,TSXV and ASX

- October 8th, 2019

What are the best uranium stocks? Here we list the companies on the TSX, TSXV and ASX that have seen the biggest year-to-date share price gains.

The U3O8 spot price has remained relatively flat for the majority of 2019.

The ongoing US Section 232 uranium import investigation weighed on the sector, preventing the price from climbing much above US$26 per pound.

Nevertheless, these three uranium stocks on the TSX,TSXV and ASX were still able to see significant growth through the past year, and below we’ve assembled information about those companies for investor consideration.

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The booming uranium market has investors rejoicing


All year-to-date and share price information was obtained on December 13, 2019 from TradingView. All companies listed had market caps above C$10 million at that time.

1. ValOre Metals (TSXV:VO)

Year-to-date gain: 133.33 percent; current share price: C$0.28

Diversified explorer ValOre Metals has three uranium projects in various stages of exploration and development. Two of the company’s uranium assets are located in Saskatchewan’s Athabasca Basin, a jurisdiction well known for its high-grade deposits. Uranium major Cameco’s (TSX:CCO,NYSE:CCJ) main project, Wheeler River, is also located in the area.

ValOre has a high-grade uranium asset in Nunavut, the Angilak property. The company has invested more than C$55 million in the exploration of the property and believes it is well positioned to benefit from an upturn in the uranium market.

In August of this year, ValOre closed its acquisition of Pedra Branca from Jangada Mines (LSE:JAN) for C$3 million. This will be a detour from uranium — the newly acquired project is a platinum-group metals asset.

Later in the year ValOre announced that it had granted 6,500,000 stock options to certain directors, officers, and consultants of the company in accordance with the company’s stock option plan. Each option is exercisable into one common share at a price of C$0.25 per share, for a period of five years from the date of grant.

2. Global Atomic (TSX:GLO)

Year-to-date gain: 36.76 percent; current share price: C$0.47

Global Atomic operates a large Dajy Area Surface Anomaly (DASA) uranium deposit in the Republic of Niger. Additionally, the company benefits from the significant dividend stream generated by its share in the Befesa Silvermet zinc concentrate production facility in Turkey.

Learn to profit from uranium stocks


The booming uranium market has investors rejoicing


The company currently is operating under six uranium exploration permits in the Republic of Niger, and its DASA deposit was discovered by Global Atomic geologists. It is a graben hosted sandstone-roll front deposit of world class size and grade.

In Mid-November the company released its Q3 results, stating that its DASA asset’s indicated resource increased by 56 percent to 101.6 million pounds eU3O8 at 1,752 parts per million (PPM) and inferred resource increased by 81 percent to 87.6 million pounds eU3O8 at 1,781 ppm.

3. Berkeley Energia (ASX:BKY)

Year-to-date growth: 4.44 percent, current share price: AU$0.24

Berkeley Energia operates a world-class uranium project which is being developed in a historic mining area in western Spain, close to three hours west of Madrid. Following recent ministerial approval, the miner has now received all the European Union and National level approvals required for the initial development of the project.

The asset is expected to generate measurable social and environmental benefits in terms of jobs and skills training in a depressed rural community. It will also make a significant contribution to the security of supply of Europe’s zero carbon energy needs.

In addition to uranium, the company has also uncovered both tin and lithium and in September, Berkeley announced results from its third quarter, stating that it had also recovered cobalt.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.

Learn to profit from uranium stocks


The booming uranium market has investors rejoicing


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9 responses to “Top Uranium Stocks of 2019 on the TSX,TSXV and ASX

  1. What about Ur-Energy (URG)?
    Ticker: URG
    Market Cap: $80M
    · Fully funded, no need to raise capital
    · Cash flow positive
    · 60% of long term sale contracts locked in at average of $51/lb supports cash flow, with the company realizing $25 margins in a <$25 spot environment
    · Low extraction cash cost of ~$17.15/lb= Lowest Cost Producer of all publicly traded Uranium Companies
    · Company is poised to benefit from further consolidation in the industry and the current administration

    1. Hi Matthew,
      Thank you for the comment. Our list criteria includes best performing uranium stocks that are ranked by how much their share price has gained year-to-date.

  2. What about Ur-Energy (URG)?
    Ticker: URG
    Market Cap: $80M
    · Fully funded, no need to raise capital
    · Cash flow positive
    · 60% of long term sale contracts locked in at average of $51/lb supports cash flow, with the company realizing $25 margins in a <$25 spot environment
    · Low extraction cash cost of ~$17.15/lb= Lowest Cost Producer of all publicly traded Uranium Companies
    · Company is poised to benefit from further consolidation in the industry and the current administration

    1. Hi Matthew,

      Thank you for the comment. Our list criteria includes best performing uranium stocks that are ranked by how much their share price has gained year-to-date.

  3. The supply cuts from cameco and. Kazakastan. Caused temporary spike. Their is a lot excess or overhang uranium that needs to be cleared out before demand and supply balance. The past 6 years caused a lot of excess uranium to be stored from uranium by japan which they are releasing in the spot market. However with the cuts the lows. Will hold. However be prepared for a rerun of uranium spike like last year and then shareholders get burned and miners dilute to survive. Not until japan reactors come back on donot expect prices to consistenly move up,.

  4. The supply cuts from cameco and. Kazakastan. Caused temporary spike. Their is a lot excess or overhang uranium that needs to be cleared out before demand and supply balance. The past 6 years caused a lot of excess uranium to be stored from uranium by japan which they are releasing in the spot market. However with the cuts the lows. Will hold. However be prepared for a rerun of uranium spike like last year and then shareholders get burned and miners dilute to survive. Not until japan reactors come back on donot expect prices to consistenly move up,.

  5. Trying to find out the history of pre-2007 when the per pound of processed good grade Uranium was sky high! But no one is able (or historical info sources have faded away) to tell me what that sky high price per pound did to various companies’ stock prices!
    Just curious! Thx any volunteers! Marion

    1. Good question; however, before 2007 / 2006 the uranium price was even lower … What the raise in the uranium price did is that dozens of new companies started to explore for uranium and some started to mine uranium, at least one of them got lucky (Mantra Recources from Australia) and sold the shares to UraniumOne / ROSATOM – and the shareholders got approx. 6times the prices the shares had cost at their lowest value; others were less lucky – those who had invested into PALADIN, also from Australia … the company nearly went bankrupt winter 2017/2018, was put under administration and finaly, stockholder lost approx. 99% (or more) of the value of their stocks.
      MANY of the other junior mining / exploration companies were never heard of again … most probably, ther shareholders lost most of the value of their shares.
      There is way too little demand for uranium due to the shutdown of the Japanes nuclear power plants follwoing the Fukushima disaster, plus some German nuclear power plants being phased out, and there will be an overproduction of Uranium from the existing mines into 2025 or so.
      The big players such as CAMECO, Canada and KAZATOMPROM are currently cutting their production, AREVA / ORANO is closing down its Akouta mine in Niger – so, not much chance for newcomers on the market.

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