Uranium penny stocks could be a wise investment for the future. The demand for uranium has increased over the past decade. The United States became more thirsty for it and started stockpiling it. Additionally, the 2011 Japanese nuclear disaster and COVID-19 are two incidents that are pushing U.S. uranium stocks up.
Now, the Biden administration wants to rid the country of carbon-based energy sources. And since there aren’t many other options, Uranium looks pretty good. The nuclear industry was also addressed in the $ 2 trillion climate plan.
Yes, you can make a lot of money if you buy if the prices go up much higher than when you bought it. However, it is easy for novice traders and investors to lose a large part or all of their investment. So be sure to do your due diligence and educate yourself on uranium penny stocks before you get started.
Best uranium penny stocks
- UR Energy Inc. (NYSE: URG)
- Denison Mines Corporation (NYSE: DNN)
- NexGen Energy Ltd. (NYSE: NXE)
- Energy fuels (NYSE: UUUU)
- Uranium Royalty Group (Nasdaq: UROY)
- Uranium Energy Corp (NYSE: UEC)
Best uranium penny stocks to buy
UR Energy Inc.
UR Energy is a Colorado-based uranium penny stock. And he has a nice market cap of $ 256 million. It is to enter the realm of middle height. But, it’s still beautiful and small, so there is a big growth to be had.
They are the cheapest uranium producer in North America. The involvement includes extraction and processing. Even the exploration and development of properties and assets. The assets reside in Wyoming and Nevada.
In addition, the company aims to leave a small footprint. And they do it by mining the uranium and leaving the rock “in its place.”
The management team has many years of experience and success. The board of directors too.
UR recently joined the Russel Index. And, they announced that their Lost Creek development is gearing up to ramp up quickly. Earlier this year and last year, they focused on attending conferences and summits. It’s always great for marketing. It helps to get their name known. It also allows for continuous learning.
Denison Mining Company
The Denison mines are penny stocks of Canadian uranium. And the company owns over a thousand square miles of assets. These mines and assets have millions of pounds of mineral potential each year.
They strive to be socially responsible. Recently, this has manifested itself in the adoption of a policy on indigenous peoples. The policy encourages openness to Indigenous peoples in Canada.
He also explains that there are many different groups of native people. Everyone has different cultures. And in the past, they have been forced to adapt to certain cultural aspects. So this policy aims to remedy that.
Denison does a great job educating her investors and others about what they’re doing. His website has a series of videos that show the process and explain everything he plans to do. And what they are currently working on.
NexGen Energy Ltd.
NexGen is another Canadian uranium penny stock. In fact, they even work in the same part of Canada as Denison. They have fewer square miles of assets, but not by much.
NexGen also has incredible leadership. They employ people who have decades of experience. And they are also very successful students.
Recently they were listed on the Australian Securities Exchange. Working hard to move more projects forward, they awarded a contract to Hatch EPCM. Hatch will take care of their front-end engineering design, or FEED. The start of exploration for assets has also started.
In 2020, they appointed a new Chief Project Officer. And they got $ 30 million in funding from a company called Queen’s Road Capital.
NextGen also has ongoing social projects. Such as a summer student internship, a dog welcoming program and a breakfast club program. In addition, they won the 2019 PDAC Environmental and Social Responsibility Award.
This uranium penny stock is the oldest on this list. It was founded in 1987. Its headquarters are in Colorado. They are one of the major producers of uranium and vanadium in the United States. In addition, it enters the rare earth elements.
Energy Fuels has three treatment stations. And over 11.5 million pounds of capacity. The company has more underground uranium and vanadium resources than any other US producer.
Energy Fuels focuses on sustainability and clean energy. They also recently partnered with Nanoscale Powders. This partnership aims to create a technology for manufacturing rare earth metals. They have also allied themselves with consolidated uranium.
And they’ve put together an organization that’s ready to give millions of dollars to local communities. It’s called the San Juan County Clean Energy Foundation.
Best Uranium Penny Stocks: Uranium Royalty Group
This uranium penny stock is designed to provide liquidity. And it does this by buying stocks and investing in uranium companies. The company buys streams of income, debt, equity and uses physical transactions in uranium.
Uranium Royalty mines or produces uranium. It simply collects uranium assets. And sometimes, when they feel like it, they buy and sell physical uranium.
The direction of this business is good. The CEO, who is also president and director, also founded a former mining company. He is therefore no stranger to the mining industry.
Uranium Royalty Group has a diversified portfolio. And much of the risk and heavy capital that other uranium producers have to bear? This is not a problem with this company. Because there are no physical assets. Only money changes hands. And, from time to time, physical uranium.
Best Uranium Pennies Stocks: Uranium Energy Corp
Uranium Energy Corp is a uranium penny stock with a market cap of $ 1 billion. But that doesn’t mean he won’t grow taller. It is a United States-based exploration and mining company. In the United States, they have projects in Texas, New Mexico, Wyoming, and other southwestern states.
On the website, they share that they have full authorization to produce 4 million pounds of uranium in Texas and Wyoming.
But they also have assets in other countries. These include Canada and Paraguay.
About Vanessa Adelman
Vanessa Adelman graduated with an interdisciplinary degree. She specialized in entrepreneurship, painting, music and cinema. Shortly thereafter, she received a writing mentorship with Mark Morgan Ford. Then she got her AWAI verification. Now Vanessa is freelance in the direct financial response industry. She has been investing since 2016. In her spare time, she enjoys books on money and wealth. She enjoys being with her boyfriend, hunting, fishing and having outdoor adventures.