Long-term uranium demand has been increasing as developing and rising economies turn to nuclear power to solve their energy concerns. Renewable energy sources such as solar and wind are unreliable. The ultimate demand for nuclear power in the months and years ahead will most likely be determined by a number of factors. Governments all across the world have begun to crack down on nuclear fuel’s negative environmental effects. The safe storage of spent fuel with hazardous qualities is a key source of controversy. As the economy slowly reopens following the pandemic, supply restrictions have pushed uranium prices to new highs. Concerns about uranium depletion at certain key mine sites, as well as output peaking, have also impacted the sector.
Here is Insider Monkey’s list of the 10 best uranium stocks to buy now. Uranium Royalty Corp. is a Canadian firm that invests in royalties, streams, debt, and equity related to uranium. Over the course of the past year, the stock has returned more than 230 percent to investors. Lightbridge Corporation is a nuclear fuel technology development business situated in Massachusetts. It’s number nine on the list of the top ten uranium stocks to purchase right now. Year-to-date, the company’s stock has returned more than 52 percent to investors. Denison Mines Corp. is a uranium exploration, development, and production business headquartered in Canada. It used to be called Uranium Corporation, but in 2006 it was renamed Denison Mines. Over the previous year, the stock has provided investors with returns of more than 195 percent. Energy Fuels Inc. is a uranium mining corporation situated in Colorado that was created in 1987. It’s number seven on the list of the top ten uranium stocks to purchase right now. Over the last year, investors have received a 312 percent return on their investment in the company’s stock. Uranium Energy Corp. is a uranium mining and exploration firm based in Texas that was created in 2003. Over the last year, the stock has returned more than 213 percent to investors. In the United States, Canada, and Paraguay, the corporation has mining interests. For more details, click 10 Best Uranium Stocks to Buy Now.
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