Top Uranium Stocks on the TSX and TSXV

1. Virginia Energy Resources

Year-to-date gain: 509.09 percent; current share price: C$0.67

Uranium exploration and development company Virginia Energy Resources (TSXV:VUI) is focused on its wholly owned, advanced-stage Coles Hill uranium project located in South-Central Virginia, US.

News from the company has been sparse in 2021, with shares peaking at C$0.94 on November 9. Its latest release, aside from a number of filings on SEDAR, came in early September, when Virginia Energy completed a C$1.3 million private placement financing. Proceeds will be used for working capital and general corporate purposes.

2. Trench Metals

Year-to-date gain: 500 percent; current share price: C$0.90

Explorer Trench Metals (TSXV:TMC) has the right to acquire 100 percent stakes in two uranium projects in Saskatchewan's Athabasca uranium district: Higginson Lake and Gorilla Lake. The company views them as "highly prospective," with the former covering about 2,312 hectares, and the latter spanning nearly 7,000 hectares.

Work at Gorilla Lake has progressed through 2021. The company began a review of technical data for the asset in January, and in May was working on defining and prioritizing exploration targets; a summer field program began in mid-July and was completed in September. Trench acquired Higginson Lake in mid-October and added a hydrogen energy division a month later. Shares were at their highest so far this year on November 18 at C$1.11.

3. Uranium Royalty

Year-to-date gain: 235.62 percent; current share price: C$4.90

Uranium Royalty (TSXV:URC,NASDAQ:UROY) describes itself as the only uranium-focused royalty and streaming company. It has exposure to the uranium price through its interests in royalties, streams and companies, plus physical uranium.

It’s been a busy year for Uranium Royalty, with highlights including its February deal to acquire royalties on Saskatchewan’s McArthur River and Cigar Lake mines, both operated by sector major Cameco (TSX:CCO,NYSE:CCJ); the transaction closed in May, and Uranium Royalty began trading on the NASDAQ in late April.

The company announced an at-the-market equity program in mid-August, and in December entered into a supply stream agreement with CGN Global Uranium for 500,000 pounds of U3O8. As of mid-December, Uranium Royalty's physical uranium inventory stood at 1,348,068 pounds. The highest level for company shares in 2021 was C$7.10, reached on both October 20 and November 9.

4. Forsys Metals

Year-to-date gain: 170 percent; current share price: C$0.81

Forsys Metals (TSX:FSY) is working to advance its Norasa property in Namibia. The site is comprised of two uranium projects, Valencia and Namibplaas. A definitive feasibility study has been completed for Norasa.

The year started off fairly slowly for emerging uranium developer Forsys. The company did not have any news until mid-March, when it announced and then upsized a bought-deal private placement; it closed for aggregate proceeds of C$13 million on April 21. In mid-November, the company announced a strategic review of Norasa, saying that the goal is to bring to light options for maximizing the asset's value for shareholders. Forsys shares were at their highest so far this year on September 15 and 16 at C$1.25.

5. Global Atomic

Year-to-date gain: 144.03 percent; current share price: C$3.88

Global Atomic (TSX:GLO) operates both uranium and zinc divisions. Its uranium business includes four deposits, with its flagship being Niger-based Dasa, which is fully permitted for commercial production. Through its zinc business, the company has a 49 percent stake in a Turkish plant that produces high-grade zinc oxide concentrate.

There's been a slew of news from Global Atomic during 2021, and its shares peaked at C$4.66 on November 9. The company latest announcement focuses on Dasa, where "considerable progress" is reportedly being made. According to Global Atomic, after deciding to proceed with production at the site, it was able to break ground two months ahead of schedule. Yellowcake production is targeted for January 2025.