The mid-sized TSX uranium stocks on our list today have generated solid three-month returns for its shareholders
SmallCapPower | January 24, 2018: Global demand for uranium is expected to increase, with an additional 58 reactors under construction and 157 more planned within 8-10 years. But some producing countries, representing 60% of global production, have significant geopolitical tensions. Today we have identified four TSX uranium stocks that conduct their operations in Canada and the US, countries with stable political jurisdictions and favourable regulations. These companies have a stable production base, with the potential to expand to meet future demand. Uranium spot prices have increased 10% over the past three months.
Fission Uranium Corp. (TSX:FCU) – $0.84
Uranium
Fission Uranium is a Canada-based uranium mining and exploration company. The Company’s primary asset is the Patterson Lake South project, located in the Athabasca Basin region, with a mineral deposit containing 81M lbs at grading 1.83% U308. The Company expects to complete the Feasibility Study by Q4 2019.
- Market Cap: $407.6 Million
- 1 Month Total Return: 2.5%
- 3 Month Total Return: 39.0%
Denison Mines Corp. (TSX:DML) – $0.67
Uranium
Denison Mines is a Canada-based uranium mining and exploration company. The Company operates the Wheeler River mine in the Eastern Athabasca Basin, with ~111M lbs in mineral reserves at a grading of 16.3% U308. The Company expects the Feasibility Study to be completed in mid-2018. Denison also operates the McClean Lake Mill, which processes 11% of Global Uranium production.
- Market Cap: $374.6 Million
- 1 Month Total Return: -7.9%
- 3 Month Total Return: 24.0%
Energy Fuels Inc. (TSX:EFR) – $2.14
Uranium
Energy Fuels is a US-based uranium producer. The Company owns seven mines capable of operating, with a total of ~45M lbs of U308. The Company’s only operating mine, the Nichols Ranch operation, produced 250,000 lbs. in 2017. Most of EFR’s mines remain on standby. The Company also operates the only conventional uranium mill in the U.S., licensed to produce 8M lbs/year of uranium.
- Market Cap: $156.7 Million
- 1 Month Total Return: -9.1%
- 3 Month Total Return: 19.4%
Ur-Energy Inc. (TSX:URE) – $0.92
Uranium
Ur-Energy is a US-based uranium processor. The Company’s primary asset is its Lost Creek ISR processing plant, which processed 550,000 lbs of uranium in 2016. The Lost Creek property also holds 3.2 million lbs U308 in reserves.
- Market Cap: $134.4 Million
- 1 Month Total Return: 4.7%
- 3 Month Total Return: 38.5%
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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