If everything goes as planned, Denison Mines could provide essential uranium supplies to nuclear power plants throughout North America. This will increase its potential yield once the mine is up and running. It may be in a prime location for growth as the uranium market picks back up. Going strong through spring, Energy Fuels is now recovering from a share price drop through the summer. With the uranium sector bouncing back, expanding its operations into this new sphere could really benefit the company. Right now, rare earth metals are in high demand for new technologies like electric cars.Ĭhina is currently the largest exporter of these resources.Įnergy Fuels could provide an American alternative for companies that need rare earth metals. This sets them apart from other uranium companies in the U.S. In addition to uranium, Energy Fuels is a large producer of vanadium and other rare earth metals. The company is one of the leading uranium producers in the U.S., running the only conventional uranium mill in Utah.Įnergy Fuels also has mines and exploration operations in Wyoming, Colorado, Texas, New Mexico, and Arizona. (NYSE: UUUU)Įnergy Fuels is an American energy provider based in Colorado. With such a significant market share, this is an excellent uranium stock to consider adding to your portfolio. In addition, the company has a significant market cap of $11.42 billion. This is essential for Cameco, which produces a significant percentage of the world’s uranium. There were concerns about uranium fading away, but projections anticipate that we’ll still be using nuclear power for the next decade or so. Share prices have been a bit topsy turvy of late but are still over 50% higher than last year at this time. This includes Cigar Lake, which is the highest-grade uranium mine in the world and is based in Saskatchewan.Ĭameco also has mines in Wyoming and Nebraska in the U.S., Australia, and Kazakhstan. The company has some of the most extensive uranium mining operations globally, with access to a probable 450 million pounds of the mineral in various locations. It is based in Canada and trades on both the New York and Toronto stock exchanges.
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