The Top 5 Uranium Stocks to Consider

May 22, 2022, By fierce,

Uranium stocks could regain a healthy glow.

According to Cameco President and CEO Tim Gitzel, as quoted by World Nuclear News, “Increasing demand for nuclear means increasing demand for uranium, which brings us to the second factor that is driving our growing optimism – demand for uranium is rising at precisely the same time that supply is becoming less certain. We know that utilities have not been replacing what they consume annually under long-term contracts. This has led to a growing wedge of uncovered uranium requirements.”

All could be beneficial for uranium stocks, such as Skyharbour Resources (TSXV: SYH) (OTCQB: SYHBF), Cameco Corporation (TSX: CCO) (NYSE: CCJ), Uranium Energy Corporation (NYSE: UEC), Denison Mines Corp (TSX: DML) (NYSE: DNN), and Energy Fuels (NYSE: UUUU) (TSX: EFR).

In addition, we have to consider that uranium supply is low, with growing demand.  In fact, according to The International Atomic Energy Agency’s (IAEA) Uranium Production Specialist Dr. Adrienne Hanly, as noted by Stockhead, “uranium fuel inventory levels for US nuclear utilities are at just 16 months of requirements – below recommended 2+ years minimum.”

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