Top Uranium Stocks of 2018 on the TSX and TSXV

- October 15th, 2018

What are the best uranium stocks? We’ve compiled a list of companies on the TSX and TSXV that have seen year-on-year share price gains.

Q3 brought some long-awaited positive momentum for the uranium spot price, which climbed from US$22.75 a pound at June’s end to US$27.55 a pound by early October.

As to be expected, some uranium explorers and producers were able to reap the benefits of that increase, with some experiencing notable share price growth. Below the Investing News Network has listed the top uranium stocks on the TSX and TSXV by share price performance so far this year.

All year-to-date and share price information was obtained at close of day on October 12 from TradingView. All companies listed had market caps above C$10 million at that time.

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1. Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU)

Year-to-date gain: 85.4 percent; current share price: C$4.21

Energy Fuels bills itself as the only company in the US with both conventional and in situ recovery (ISR) uranium production, and supplies uranium to major nuclear utilities worldwide. The company’s assets include the Utah-based White Mesa mill, the Nicolas Ranch plant in Wyoming and a pipeline of exploration and development projects.

Among other things, Q3 saw Energy Fuels strengthen its position in Wyoming by completing the acquisition of royalties on Nichols Ranch from Excalibur Industries, along with royalties on several other ISR projects in the state. The company also repaid and retired its Wyoming Industrial Development Revenue Bond, and planned for the resumption of vanadium recovery at White Mesa.

2. enCore Energy (TSXV:EU)

Year-to-date gain: 66.67 percent; current share price: C$0.10

With a 100-percent interest in over 115,000 acres of private mineral rights in New Mexico, enCore Energy has several assets to its name, including the Crownpoint and Hosta Butte uranium deposits. It also owns several less advanced properties, including the 35-75 project, plus Coal Hill and Wild Buck.

The company has had a generally quiet 2018, with no news to share since the first quarter. enCore acquired Metamin Enterprises in March, receiving the company’s 13,605 acres of prospective uranium-mining properties throughout Arizona, Utah and Wyoming.

3. Forsys Metals (TSX:FSY)

Year-to-date gain: 78.79 percent; current share price: C$0.295

Forsys Metals is an exploration company with assets in Namibia, including the Norasa uranium project, its flagship site. Norasa contains the Valencia project, which has a 25-year mining license, and Forsys also holds a 100-percent interest in the Namibplaas project, located 7.5 kilometers northeast of Valencia.

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The only news Forsys had during its third quarter was the announcement and subsequent closing of a non-brokered private placement. The placement, which earned the company C$550,000 towards funding for Norasa and working capital purposes, consisted of issuing 3.2 million units for $0.17 each.

4. Global Atomic (TSXV:GLO)

Year-to-date gain: 59.62 percent; current share price: C$0.415

While the company has a strong focus on uranium, Global Atomic is also involved with a high-grade zinc-processing facility in Turkey that currently produces over 30 million pounds of zinc concentrate per year. Meanwhile, its uranium division features six exploration permits in the Republic of Niger, covering around 750 square kilometers.

Most of Global Atomic’s Q3 news came in August, which brought the release of positive drill results from the DASA uranium project in Niger. Drilling returned results of 5,400 parts per million eU3O8 over 74.9 meters. Later in August, the company announced an additional exploration update from DASA, reporting further successful drill results.

5. Azarga Uranium (TSX:AZZ)

Year-to-date gain: 33.33 percent; current share price: C$0.28

Referring to itself as “America’s next uranium developer,” Azarga Uranium is prioritizing its Dewey Burdock project, which it is advancing to construction by working to obtain necessary permits and licenses. Also on its roster are its Gas Hills and Juniper Ridge projects in Wyoming, the Centennial project in Colorado, the Aladdin deposit in Wyoming and four other exploration projects in the US.

Azarga had a bustling third quarter as it began July with the completion of a merger with URZ Energy. Later in the quarter, the company received C$2.4 million from warrant exercises, and listed on the OTCQB Venture Market less than a week later.

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

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Azarga Uranium and Energy Fuels are clients of the Investing News Network. This article is not paid-for content.

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7 responses to “Top Uranium Stocks of 2018 on the TSX and TSXV

  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,.

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