Top Uranium Stocks of 2017 on the TSX and TSXV

What are the top uranium stocks? We've compiled a list of companies on the TSXV and TSX that have seen year-to-date share price gains in 2017.

best uranium stocks

As 2017 draws to a close, optimism about uranium is on the rise at long last.

Major producers Cameco (TSX:CCO,NYSE:CCJ) and Kazatomprom recently announced supply cuts, and market watchers hope prices will rise as a result.

As excitement about the uranium space increases, it is important for investors to be able to make informed decisions. With that in mind, we’ve put together a list of the top-gaining TSXV- and TSX-listed uranium stocks year-to-date. All had market caps of at least $10 million as of December 8, 2017.

If we missed a company you think should be included, please let us know in the comments.

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1. Plateau Uranium (TSXV:PLU)

Current price: $0.61; year-to-date gain: 144 percent

Plateau Uranium has consolidated all known uranium resources defined on Peru’s Macusani Plateau, giving it a dominant position in one of the largest undeveloped uranium districts in the world. According to the company, the area has additional lithium potential.

The company has been busy throughout the year, and most recently has been active at its Falchani discovery. Plateau announced “excellent” initial drill results from the area in mid-November, and released further results later in the month. Falchani has near-surface uranium mineralization overlying thick lithium mineralization, and Ted O’Connor, CEO and director at Plateau, recently said the company’s immediate plans include further work at the asset.

2. GoviEx Uranium (TSXV:GXU)

Current price: $0.31; year-to-date gain: 106.67 percent

GoviEx Uranium is focused on several uranium properties in Africa, and its objective is to become a significant producer of uranium through those assets. Its major shareholders include Cameco, Toshiba (TSE:6502), Denison Mines (TSX:DML,NYSEAMERICAN:DNN) and Ivanhoe Industries.

Like Plateau, GoviEx has been active this year. Its most recent news came midway through November, when it released a preliminary economic assessment (PEA) for its Mutanga project. “GoviEx now has two mine-permitted projects,” said Executive Chairman Govind Friedland at the time. He believes both have the potential to be developed when uranium prices rise. 

3. Laramide Resources (TSX:LAM,ASX:LAM)

Current price: $0.49; year-to-date gain: 67.24 percent

Laramide Resources has uranium assets in both the US and Australia. Its US properties include the Church Rock and Crownpoint ISR projects in New Mexico, as well as the Utah-based La Sal project. It says its Australia-based Westmoreland property is one of the largest uranium projects held by a junior.

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In October, Laramide released a maiden resource estimate for Church Rock, noting that it has an inferred resource of 33.9 million tons at an average grade of 0.075 percent eU3O8. The company plans to move onto the PEA stage at the asset, and said this fall that it would release a resource estimate for Crownpoint in Q1 2018; both assets were acquired by Laramide at the beginning of the year.

4. Mega Uranium (TSX:MGA)

Current price: $0.21; year-to-date gain: 53.57 percent

Australia-focused Mega Uranium says its goal is to become a mid-tier producer of uranium. In total it has three properties in Australia: Ben Lomond, Georgetown and Kintyre. This year Mega Uranium has released little news; its latest announcement came in June when it closed a non-brokered private placement for aggregate gross proceeds of $1.25 million. The money will reportedly be used for working capital purposes.

5. Forsys Metals (TSX:FSY)

Current price: $0.17; year-to-date gain: 50 percent

Forsys Metals bills itself as an advanced-stage exploration company with world-class assets in Namibia. Its key asset is its Norasa uranium project, which is comprised of the Valencia and Namibplaas projects. Both projects have NI 43-101 compliant uranium resources and reserves.

Like Mega Uranium, Forsys Metals has not been particularly active in 2017. During Q3, the company said it had begun reviewing “the DFS capital cost estimates and secondly, the suitability of innovative bulk ore sorting technologies” at Norasa. Forsys will require “an injection of funds” before it can conduct a more detailed assessment and start testwork.

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

Editorial Disclosure: Plateau Uranium is a client of the Investing News Network. This article is not paid-for content. 

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This article is updated periodically. Please scroll to the top for the most recent information.

Best Uranium Stocks of 2017 on the TSX, TSXV and ASX

By Melissa Shaw, October 11, 2017

The U3O8 spot price was sitting at $20.25 per pound as of Wednesday (October 2), but many analysts believe it will rise in the near future. 

Optimism about uranium is centered on a widely anticipated uranium supply crunch. According to the World Nuclear Association, there are 447 reactors operating worldwide and an additional 160 planned, and they will be needed to help meet the world’s growing energy needs. 

Industry leaders and experts believe uranium prices are set to boom because the utilities companies that run those reactors will need to secure new supply contracts in the next few years. However, low prices have forced some uranium mines to cut production or close, meaning that supply could run short.

As excitement about the uranium space increases, it is important for investors to be able to make informed decisions. With that in mind, we’ve put together a list of the top-gaining TSXV-, TSX- and ASX-listed uranium stocks year-to-date. All had market caps of at least $10 million as of October 11, 2017. If we missed a company you think should be included, please let us know in the comments.

1. NexGen Energy (TSXV:NXE)

Market cap: $924.42 million; year-to-date gain: 248.61 percent

NexGen Energy is focused on developing uranium projects in Saskatchewan’s Athabasca Basin. The company has released a slew of news this year, with one highlight being the completion of a preliminary economic assessment (PEA) for the Arrow deposit, located at its Rook I project. The PEA details a mine life of 14.4 years and average annual production of 18,549 pounds of U3O8.

The firm said at the time that the PEA does not include the results of its winter or summer 2017 drill programs. Summer drilling is ongoing, and NexGen last reported results this month.

2. Senator Minerals (TSXV:SNR)

Market cap: $56.63 million; year-to-date gain: 153.97 percent

Senator Minerals is also focused on uranium exploration in the Athabasca Basin, where it controls the Patterson North East and Carter Lake uranium projects. Carter Lake is located about 21 kilometers northeast of Fission Uranium’s (TSX:FCU) Patterson Lake property, and Senator acquired it in September through the purchase of Gunner Minerals. 

The company has completed exploration activities at both Patterson North East and Carter Lake this year, and last month it deployed radon gas sensors in an array over the Carter Lake conductive zone. Senator said the target area is being inspected with 158 radon gas cups that will be retrieved and then assayed in about three weeks.

3. Summit Resources (ASX:SMM)

Market cap: $30.52 million; year-to-date gain: 55.56 percent

Summit Resources is an Australia-based uranium explorer focused on its Isa North project. It hosts several uranium prospects, including the Valhalla, Odin, Skal and Bikini deposits.

The company has released little news this year, and according to its 2017 annual report, metallurgical testwork is progressing at a slower rate than expected due to depressed uranium prices. However, Summit has said it is ready to recommence testwork if uranium prices show signs of recovery. The firm is 82.08 percent owned by Paladin Energy, which entered administration in July.

4. Greenland Minerals and Energy (ASX:GGG)

Market cap: $100.49 million; year-to-date gain: 44.93 percent

Greenland Minerals and Energy owns and operates the rare earths-uranium-zinc Kvanefjeld project in Greenland, where a feasibility study was completed in 2015. During the summer months, the company met with stakeholders and sampled additional material to supplement existing environmental datasets for impact assessments. The firm plans to finalize impact assessments for the project through 2017.

The company is also currently working closely with Greenland’s regulatory bodies on its mining license application. Public consultation on the project’s maritime safety study is now underway to “ensure that ship voyages to and from the Kvanefjeld Project site are safe and do not impact the environment.”

5. Energy Resources of Australia (ASX:ERA)

Market cap: $300.28 million; year-to-date gain: 33.33 percent

Energy Resources of Australia has been processing ore from stockpiles since mining at pit 3 of its Ranger 3 Deeps operation concluded in 2012. The company produced 638 tonnes of uranium oxide in the September 2017 quarter compared to 449 tonnes in the June 2017 quarter.

The company has conducted exploration drilling in areas adjacent to the Ranger 3 Deeps resource area, but in June 2015 its board made the decision that the project should not proceed to a final feasibility study in the current operating environment. The Ranger 3 Deeps decline and associated infrastructure remain on care and maintenance.

Best uranium stocks: Honorable mentions

These four uranium stocks have also seen year-to-date share price gains:

  • Mega Uranium (TSX:MGA) — Market cap: $48.56 million; year-to-date gain: 17.86 percent
  • Plateau Uranium (TSXV:PLU) — Market cap: $16.72 million; year-to-date gain: 12 percent
  • Forsys Metals (TSX:FSY) — Market cap: $17.70 million; year-to-date gain: 9.09 percent
  • Skyharbour Resources (TSXV:SYH) — Market cap: $19.34 million; year-to-date gain: 9.09 percent

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

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

Editorial Disclosure: Plateau Uranium is a client of the Investing News Network. This article is not paid-for content.

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This article is updated periodically. Please scroll to the top for the most recent information.

Best Uranium Stocks of 2017 on the TSX and TSXV

By Melissa Shaw, June 15, 2017

The uranium price was sitting at $19.25 per pound as of Wednesday (June 14), but many analysts believe it will rise in the near future. Investors are also getting more interested in uranium, and many of the best uranium stocks have recorded impressive year-to-date gains. 

Optimism about uranium is centered on a widely anticipated supply crunchAccording to the World Nuclear Association, about 60 nuclear reactors are currently under construction, and they will be needed to help meet the world’s growing energy needs. For example, global demand for electricity is increasing twice as fast as overall energy use. The organization says electricity demand is likely to rise by over two-thirds from 2011 to 2035.

Industry leaders and experts believe the uranium price is set to boom because the utilities companies that run those reactors will need to secure new supply contracts in the next few years. However, low prices have forced some uranium mines to cut production or close, meaning that supply could run short.

As excitement about the uranium space increases, it is important for investors to be able to make informed investment decisions. With that in mind, we’ve put together a list of the top-gaining TSX- and TSXV-listed uranium stocks year-to-date. All had market caps of at least $10 million as of June 15, and all other data below is also accurate as of that date.

1. Plateau Uranium (TSXV:PLU)

Market cap: $29.19 million; year-to-date gain: 80 percent

Plateau Uranium tops the list of best uranium stocks, and has gained 80 percent since the start of the year. In April, the company signed a letter of intent with European trader Curzon Resources for the delivery of 2 million pounds of U3O8 over the first five years of production at Plateau’s Macusani Plateau uranium project in Peru. The two companies have agreed to work toward an offtake agreement over the next 12 months as Macusani Plateau is still under development.

The company intends to mine lithium as a by-product of uranium at Macusani Plateau in order to meet rising demand for lithium-ion batteries. Plateau has completed a preliminary economic assessment for the project, and intends to commence commercial production in late 2020. 

2. Mega Uranium (TSX:MGA)

Market cap: $52.7 million; year-to-date gain: 28.57 percent

Mega Uranium is working on a prefeasibility study for its Ben Lomond project in Australia, and is at the drilling stage at its Georgetown project. Both projects contain deposits of uranium and molybdenum. The company also has a joint venture with Cameco (TSX:CCO,NYSE:CCJ) to develop its Kintyre Rocks uranium project in Western Australia. Most recently, Mega Uranium closed a private placement on June 2, raising $1,250,000 from the issuance and sale of 6,944,445 units.

3. GoviEx Uranium (TSXV:GXU)

Market cap: $62.42 million; year-to-date gain: 26.67 percent

GoviEx Uranium is developing three uranium projects in Africa. In May, the company completed an exploratory drill program at its Madaouela uranium project in Niger; it anticipates that there is enough uranium to sustain an 18-year mine life. The company also owns the Falea uranium, silver and copper deposit in Mali, as well as three uranium deposits that comprise the Zambia-based Mutanga project.

On June 8, the company began trading on the OTCQB Venture Market under the symbol GVXXF. 

4. NexGen Energy (TSX:NXE,NYSEMKT:NXE)

Market cap: $907.35 million; year-to-date gain: 25.75 percent

NexGen Energy has several uranium properties in Saskatchewan’s Athabasca Basin. In May, the company began trading on the NYSE MKT, and in June it announced new drill hole results that expanded mineralization at its Arrow deposit. The company has completed a large amount of drilling at its other properties as well this year. 

5. Forsys Metals (TSX:FSY)

Market cap: $18.29 million; year-to-date gain: 18.18 percent

Number five on the list of best uranium stocks is Forsys Metals. The firm’s flagship Norasa uranium project includes the Valencia project, which has a 25-year mining license, and the Namibplaas project.

Through its wholly owned subsidiary, Westport Resources Nambia, Forsys Metals also has a 70-percent interest in Omatjete Mining Company’s prospecting license. Additionally, the company has an earn-in agreement with B2Gold Namibia that allows B2Gold (TSX:BTO,NYSEMKT:BTG) to earn up to a 100-percent interest in Forsys’ Ondundu gold project.

Best uranium stocks: Honorable mentions

These five uranium stocks have also seen year-to-date share price gains:

  • Kivalliq Energy (TSXV:KIV) —Market cap: $24.7 million; year-to-date gain: 17.65 percent
  • Skyharbour Resources (TSXV:SYH) — Market cap: $19.72 million; year-to-date gain: 16.67 percent 
  • Laramide Resources (TSX:LAM,ASX:LAM) — Market cap: $36.18 million; year-to-date gain: 10.34 percent 
  • Ur-Energy (TSX:URE,NYSEMKT:URG) — Market cap: $108.84 million; year-to-date gain: 9.86 percent
  • Uranium Participation (TSX:U) — Market cap: $465.27 million; year-to-date gain: 1.05 percent

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

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

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

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Comments
  • 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

    Reply
    • 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.

      Reply
  • 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,.

    Reply

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