- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
What are the best uranium stocks? Here’s a list of the companies on the TSX, TSXV and ASX with the biggest year-to-date share price gains.
Click here to read the latest TSX and TSXV uranium stocks article.
The U3O8 spot price has remained relatively flat for the majority of 2019.
The ongoing US Section 232 uranium import investigation has weighed on the sector, preventing the price from climbing much above US$26 per pound.
Nevertheless, the three uranium stocks on the TSX, TSXV and ASX listed below were still able to see significant growth through the past year, and below we’ve assembled information about those companies for investor consideration.
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 also 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, 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.
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 dividend stream generated by its share in the Befesa Silvermet zinc concentrate production facility in Turkey.
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. According to the company, 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 had increased by 56 percent to 101.6 million pounds eU3O8 at 1,752 parts per million (ppm); its inferred resource had grown 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 that 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 green lights 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. In September, Berkeley announced results from its third quarter, stating that it has recovered cobalt as well.
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.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.