Uranium Sector: Bullish Outlook

2 Oca

The uranium mining sector appears to possibly have found its bottom.

Since September 2024, many uranium stocks have formed comparable Elliott Wave 1-2 structures.

The Wave 2 correction may now be complete, positioning the charts for a potential surge as the anticipated Wave 3 begins.



In my eyes, the following companies are the hottest prospects:

Energy Fuels Inc. and Uranum Energy Corp. are the first uranium companies in the US, which already are in production. They will money-wise profit immediately from the growing demand for Nuclear Energy in America.

Uranium Energy (UEC) has the highest possible and licensed production capacity in the US (12.1 M lbs Uranium per year) and will probably be the biggest US-Player.

Here is the UEC-Chart:


Denison Mines Corp. and Nexgen Energy Ltd. are uranuim mining companies, which engage in exploration and development. They both have very high grade ressources, but they wont go into production for at least 2-3 years. Either way the market seems not to be bothered by this circumstance. The future success of their projects is getting priced in heavily.

Here are the two charts:



Uranium Royalty Corp. (URC) is the first and only Royalty-Company in the Uranium sector. They are also holding Physical-Uranium as an investment, anticipating higher uranium prices in the fututre. The companie has connections to Uranium Energy and the whole management is very experienced. I think they as well are in a great position, to profit from a Uranium-Bullrun.

Here is the URC-Chart: