If this uranium price trend continues, the leveraged TSX uranium stocks on our list should continue to power up
SmallCapPower | January 12, 2017: The year 2017 may mark an inflection point for uranium prices as a result of Donald Trump’s pro-nuclear statements coupled with Kazatomprom, the world’s largest uranium producer, planning a production cut. From a September low of $18, uranium prices have surged over the past week to $21. With more than 60 nuclear reactors to open in the near term, and another 140 planned for construction globally, we have identified three TSX uranium stocks that have the greatest leverage to a rising uranium price.
Denison Mines Corp. (TSX: DML) – $1.05
Denison Mines Corp. is a uranium exploration and development company engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company holds interests in exploration and evaluation projects located in Canada, Mali, Namibia and Zambia.
- Market Cap: $558 million
- Total Revenue (LTM): $19 million
- Total Debt (FQ0): $0.00
- Price Change (since 10/01/16): 31.3%
Energy Fuels Inc. (TSX: EFR) – $3.03
Energy Fuels Inc. (Energy Fuels) is engaged in conventional and in-situ (ISR) uranium extraction and recovery, along with the exploration, permitting and evaluation of uranium properties in the United States. The Company operates through two segments: ISR Uranium and Conventional Uranium. It conducts its ISR activities through its Nichols Ranch Project, located in northeast Wyoming. It conducts its conventional uranium extraction and recovery activities through its White Mesa Mill. It owns the Nichols Ranch Uranium Recovery Facility in Wyoming (the Nichols Ranch Project), which is a uranium recovery facility operating in the United States. In addition, the Company owns the White Mesa Mill in Utah, which is a conventional uranium recovery facility operating in the United States.
- Market Cap: $201 million
- Total Revenue (LTM): $59 million
- Total Debt (FQ0): $40.64 million
- Price Change (since 10/01/16): 20.2%
Ur-Energy Inc. (TSX: URE) – $1.02
Ur-Energy Inc. is an exploration-stage mining company that is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming. Its land portfolio includes over 10 projects in the United States. Approximately 10 of the United States projects are in the Great Divide Basin, Wyoming, including its flagship project, Lost Creek Project. It controls a total approximately 2,100 unpatented mining claims and over four State of Wyoming mineral leases for a total of approximately 42,000 acres in the area of the Lost Creek Property.
- Market Cap: $146 million
- Total Revenue (LTM): $39 million
- Total Debt (FQ0): $34.25 million
- Price Change (since 10/01/16): 22.9%