2016 was a tough year for the uranium market. The Investing News Network compiled a list of its five top uranium news stories of the year.
2016 wasn’t a very forgiving year for the uranium sector, and its price dropping to 12-year lows in October certainly didn’t look to bode well for the industry.
While it seems as though there wasn’t much to talk about in the uranium market other than its price, there were also noteworthy stories in addition to the fluctuating price. As such, the Investing News Network (INN), has compiled a list of its five top uranium news stories of last year.
Read on to see what top uranium news stories 2016 grabbed the attention of our investor audience.
1. Uranium Price Forecast: Going Up?
First on the list is our story on the uranium price forecast and its potential to go up, which was written back in August. At the the time, the uranium price had slumped to an 11-year low to $25 per pound, although analysts projected the price to close 2016 at $30 per pound.
That said, the uranium price didn’t finish the year as expected, and instead ended the year at $20.25 per pound.
2. Why the Uranium Price will Bounce Back
In November, investors were again curious as to the state of the uranium price, having dropped to $18.50 per pound–roughly a 47 percent loss from December 2015 to November 2016. Still, there was some good news for the industry, despite a drastic drop in price; Berkeley Energia (ASX:BKY) had previously announced it had started working on a $100 million uranium mine, which will help to keep up with growing uranium demand–in the future.
While the uranium price certainly didn’t reach its expected levels in 2016, its outlook–as stated in the article–paves the way to a hopeful future for the sector.
3. 4 Top Uranium Stocks up Year-to-date
Near the halfway mark of the year, a number of uranium stocks had performed well despite the tough start to the year for the market. In June, a few junior mining stocks had seen strong increases of over 100 percent, including CanAlaska Uranium (TSXV:CVV), Uracan Resources (TSXV:URC), enCore Energy (TSXV:EU), and Purepoint Uranium Group (TSXV:PTU).
4. 5 Top Holdings in the Global X Uranium ETF
In May, investors were interested in our article about five companies listed in the Global X Uranium ETF, which came into existence in November 2010. The purpose of the article was to educate investors on alternatives for investing in uranium stocks, even during times when the market is struggling.
5. Uranium Outlook 2017: Experts Expect a Slow Recovery
Last but not least on the top 5 uranium news stories 2016 is the uranium outlook 2017, published in December. While 2016 was indeed a tough year for the uranium market, experts and analysts in the industry said the market outlook is positive–in terms of supply, demand and its price–although a recovery won’t be right away.
Don’t forget to follow us @INN_Resource for real-time news updates.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
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Investor Insight
Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.
Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
- High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
- Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
- Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.
Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.
Management Team
Michael Collins - CEO & Director
Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.
Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.
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