What are the best uranium stocks? Here’s a list of the companies on the TSX and TSXV with the biggest year-to-date share price gains.
Click here to read the previous TSX and TSXV uranium stocks article.
After spending the first two months of the year locked below US$25 per pound, the uranium spot price has begun to climb, driven by mine and project shutterings around the globe and concern that supply and demand challenges could lead to a shortage.
The U308 spot price edged higher in March as the coronavirus continued to spread, reaching US$27.40 — that marked its most significant month-over-month gain since June 2018.
The current state of uranium production remains precarious, with both of the world’s top producers drastically reducing operations in compliance with COVID-19 lockdown regulations.
Despite the current market volatility brought on by the pandemic, some miners and explorers have been able to grow their value with notable share price increases. 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 from TradingView at close of day on April 8, 2020. All companies listed had market caps above C$10 million at that time.
1. Laramide Resources (TSX:LAM)
Year-to-date gain: 43.4 percent; current share price: C$0.28
Laramide Resources owns several uranium projects in the US and Australia, including the Churchrock and Crowpoint in situ recovery projects. The firm is also permitted to advance the La Sal project in Utah and is working towards permitting at La Jara Messa in New Mexico.
In late March, Laramide received an extension to its term loan and provided a COVID-19 market update.
The company states in the release that the industry was well positioned for growth in 2020 before the pandemic, and may benefit from the market uncertainty the coronavirus has induced.
“We believe uranium equity valuations — which have fallen in line with the general decline of almost all equities in March 2020 — do not reflect the prospect that a meaningful industry recovery could finally begin in 2020,” reads the announcement.
2. Blue Sky Uranium (TSXV:BSK)
Year-to-date gain: 40 percent; current share price: C$0.14
Focused on Argentina, Blue Sky Uranium is presently developing several uranium-vanadium projects in the country’s Rio Negro province. In early March, Blue Sky announced the commencement of a reverse-circulation drill program at its Amarillo Grande project in Argentina.
The company has yet to make any further announcements regarding the drill activity. Argentina entered a nationwide lockdown on March 21, which may delay Blue Sky’s efforts.
3. IsoEnergy (TSX:ISO)
Year-to-date gain: 18.9 percent; current share price: C$0.47
Uranium explorer and developer IsoEnergy owns a portfolio of projects located in the prolific Athabasca Basin in Saskatchewan, Canada.
In a March 31 announcement, the company released additional favorable assay results from a winter drilling program on the Hurricane zone of its Larocque East property.
CEO Craig Perry also offered some commentary on the uranium market: “With the suspension of operations at several uranium mines and mills around the world including at the world’s largest mine — Cameco’s Cigar Lake — we are starting to see uranium prices in the spot market rise strongly in recent days. Should these mines stay offline for an extended period, we see further upward pressure on prices as utilities move to secure supply.”
4. Cameco (TSX:CCO)
Year-to-date gain: 10.3 percent; current share price: C$12.79.
Cameco is the leading publicly traded uranium producer and operates some the largest uranium projects in the world, including the McArthur River and Cigar Lake mines, both located in Saskatchewan.
In response to the spread of COVID-19 Cameco has put Cigar Lake on care and maintenance, news that has reverberated through the sector.
On April 7, Cameco also decided to temporarily decrease production at its joint venture with Kazatomprom in Kazakhstan. The output decline has prompted the uranium miner to reevaluate its 2020 production guidance.
In 2018, the company indefinitely shuttered McArthur River due to persistently low uranium prices.
5. Uranium Participation (TSX:U)
Year-to-date gain: 6.8 percent; current share price: C$4.36.
Unlike the miners and explorers listed above, Uranium Participation invests 85 percent of its equity offerings in purchasing uranium, then holds it to sell at a later date.
Its uranium holdings equate to more than 16.2 million pounds of U3O8 equivalent.
The company’s most recent press release, dated April 6, notes that it has made commitments to purchase 230,000 pounds of U3O8.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: IsoEnergy is a client of the Investing News Network. This article is not paid-for content.
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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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